The Icelanders have gone
Printed From: History Community ~ All Empires
Category: Regional History or Period History
Forum Name: Business History
Forum Discription: Discuss practical policies and business theory.
URL: http://www.allempires.com/forum/forum_posts.asp?TID=26730
Printed Date: 08-May-2024 at 00:14
Software Version: Web Wiz Forums 9.56a - http://www.webwizforums.com
Topic: The Icelanders have gone
Posted By: Omar al Hashim
Subject: The Icelanders have gone
Date Posted: 08-Mar-2009 at 00:50
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Stumbled across this article about Icelands economy, but I'd be interested in other peoples thoughts as to its accuracy. http://www.vanityfair.com/politics/features/2009/04/iceland200904?currentPage=1 - http://www.vanityfair.com/politics/features/2009/04/iceland200904?currentPage=1 |
Replies:
Posted By: edgewaters
Date Posted: 08-Mar-2009 at 04:14
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What an interesting read. I hope someone shows up to tell us how accurate it is! What was the business about the elf-free certification Alcoa had to get??? This is very odd: http://www.icelandtouristboard.com/elf.html - http://www.icelandtouristboard.com/elf.html |
Posted By: Styrbiorn
Date Posted: 09-Mar-2009 at 08:31
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Can't say anything about the Icelandic folkcharacter he got hung up on, but as far as the economy goes the article sums it up well. A classic bubble, but with worse than usual consequences to the common man since the population that has to pay for the monumental madness caused by a handful of people is so tiny. edit: and related, Iceland's last large investment bank, Straumur-Burdaras, just collapsed.
Tourist attractor? We have a lake monster which, until recently when some bores in the local goverment had nothing better to do, was protected by law from hunting. |
Posted By: edgewaters
Date Posted: 09-Mar-2009 at 15:51
Yes, but did you have a lake monster university which graduates lake monster inspectors? |
Posted By: Styrbiorn
Date Posted: 09-Mar-2009 at 16:17
| Well, we have professors in genus "science". |
Posted By: Jams
Date Posted: 09-Mar-2009 at 16:38
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" for the country of Iceland, elves are no laughing matter. Over 10 percent of the population of 283,000 believes in them, including Icelandic rocker Bjork"
Of course she does, I mean, isn't she one of them?
I wonder if that really is true though. The Alcoa thing, I mean? ------------- |
Posted By: edgewaters
Date Posted: 09-Mar-2009 at 18:24
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The 10 percent figure is the low end of the estimate. That's the fervent believers. Apparently only 7 percent actually disbelieve in elves. The rest are fence-sitters. Note this as well: http://www.nytimes.com/2005/07/13/international/europe/13elves.html - http://www.nytimes.com/2005/07/13/international/europe/13elves.html http://seattlepi.nwsource.com/national/elvs25.shtml - http://seattlepi.nwsource.com/national/elvs25.shtml |
Posted By: Styrbiorn
Date Posted: 09-Mar-2009 at 20:00
| Ah, well, a majority of the Western world believe in a guy in a dress who walked on water and revived the dead. I feel we are diverging though. |
Posted By: edgewaters
Date Posted: 09-Mar-2009 at 20:37
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True. One thing I'm really curious about is the constant reference to the youthfulness of the major players in this fiasco. How did that happen? It seems very unusual ... perhaps not in New York or something, but in Reykjavik? Where did these young uber-capitalists come from? |
Posted By: Omar al Hashim
Date Posted: 10-Mar-2009 at 05:38
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The fishing industry apparently. I love the idea that the head of their central bank was a poet. ------------- |
Posted By: ulrich von hutten
Date Posted: 14-Mar-2009 at 06:20
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The situation is as disastrous as pictured. The hungover is big and the doctor will not be in sight in the next future.
The kiss of the new economy was venomed and for he next years the Icelanders will have to pay for their affair.
A reason, not the only one indeed, for us to go back next month.
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http://imageshack.us"> 
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Posted By: Leonidas
Date Posted: 14-Mar-2009 at 13:08
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Iceland is only the beginning
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