It is quite amazing how successful the Independence Party has been at projecting two of their own larger problems onto others. In classical psychology, projection is always seen as a defence mechanism that occurs when a person’s own unacceptable or threatening feelings are repressed and then attributed to someone else. An example of this behavior might be blaming [...]

Don’t you just long for the good old times of 2007? Watch here at Daily Motion

The love hate relationship between the Independence Party and Jon Asgeir Johannesson’s Baugur gets stranger every day. The right wing politicians of the Independence Party loves to blame everything that is wrong with Iceland on Jon Asgeir and Baugur. If you believe what they say in the media then you’d deduct that they actually hate [...]

The new video from Jon Gerald Sullenberger.

Apparantly splashing red paint on the houses of financial sorcerers isn’t enough anymore. Three men were caught on tape in the investigation of  Stefan Hilmarsson’s Range Rover burning this week. Stefan has been Baugur’s CFO and deputy CEO for years, and supposedly getting ready to start working at 365 media, the publishers of Frettabladid and [...]

Hamleys has appointed Gunnar Sigurdsson, director of failed Icelandic retail investor and former shareholder Baugur, as chairman. Sigurdsson has been hired after a shake-up of the board that resulted in the departure of two directors, as well as around 20 head office staff. From Retail Week It was the Landsbankinn solvency committee that appointed Gunnar. [...]

Perhaps we should have expected a little more discretion this time round given the waves of publicity that battered his last venture, but it seems the new company is being so discreet it risks disappearing all together. Jon’s new company first appeared on Companies House as Foldtown, based at 41 Chalton Street, London. It then [...]

  British fashion mogul Karen Millen has provided many aspiring businesswomen with a suitable look to ascend the heights of corporatism. But questions are now being asked about her role in Byr Savings & Loan in Iceland.  Byr S&L saw the light of day through the merger of Hafnarfjordur’s S&L and the Machinists’ S&L when [...]

Jon Lund, the head of the Danish Internet Advertising Bureau, and I had dinner in Norway last week and he told me the chilling story of the crazy free newspaper war in Denmark that almost killed everyone involved. I thought it was an important cautionary tale of Free gone wrong, and I encouraged him to [...]

Iceland has an alcoholic psyche. The shared Icelandic alcoholism presents itself in co-dependence, denial and massive self-delusion. The self-delusion lead us to think that we had it all figured out, that we could drink more than everyone before us in history without suffering the hangovers. Co-dependence tied us strongly together in masking the problems, shushing [...]