I have fallen ill lately, either some autumn flu or an allergy reaction due to Icelandic news. It seems like Bjorgolfur Thor and Jon Asgeir Johannesson are going to be the two people who hold the reins in Icelandic business once the dust has settled. Their creditors including Landsbankinn and Arion seem to be competing [...]

I got the permission of the author to translate this remarkable article from Smugan into English. If you need proof why Iceland is in a no less perilious situation today as it was before 2008, then read what AK72 has compiled on the curious privatization of the South Peninsula’s energy resources into the hands of [...]

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 [...]

Inept all around. That is Althingi today. It is 12.30am and a convicted thief, who happens to be the only MP who still hasn’t dared to reveal who is paying his way in politics, is lecturing the Icelandic nation in history and on the EU(full of xenophobia, misstating of facts and ridicule). Arni Johnsen, who [...]

One major factor in why people should think twice about voting for the same old parties is that they haven’t managed to be transparent about who are paying their way.  Fortunately Channel 2 has decided to inform voters about the six politicians from the Independence Party, Social Democrats and the Progressive Party who were sponsored [...]

  So what happened at Glitnir’s Fund 9? According to some journalists, people who want answers are advised against going there as it can only end up badly. Former investors are maintaining that a few investors were able to get rid of their worthless FL Group/Stodir paper into the fund, which then was bailed out [...]

Glitnir The Independence Party might have enough on their plate with the scandal surrounding the donations from FL Group and Landsbankinn. Andri Ottarsson has resigned as the CEO, issuing a statement saying he had nothing to do with the donations but he still wanted to resign to help the party regain some credibility (why is [...]

The significance of the relevation behind the Independence Party’s acceptance of 55 million ISK from FL Group and Landsbankinn should not be underestimated. It is one of the biggest newsstories in Icelandic history. Here is why: FL Group was a company listed on the Icelandic Stock Exchange where Jon Asgeir Johannesson of Baugur Group and [...]