Consumerist
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economic collapse
Iceland Is So Messed Up McDonald's Is Giving Up And Going Home
We sort of assumed that McDonald's could be profitable almost anywhere — perhaps even the surface of the moon — but apparently Iceland's economic problems are too much for the world's largest fast food chain to handle. More » -
global recession
"Iceland Is No Longer A Country, It's A Hedge Fund"
Vanity Fair's April cover story is on Iceland's banking massacre — detailing how the the tiny, well-to-do country committed "one of the single greatest acts of madness in financial history." More » -
bjork
Iceland Is Screwed
The Icelandic government seized the nation's largest lender, Kaupthing Bank. "Effectively the krona can't be traded at the moment because there are no more banks to clear the trade," a foreign-exchange trader told Bloomberg. Things have gotten so bad there that Bjork was forced to take out a second mortgage on her collection of screaming children made of glass hiding under a field of sugar.
(Photo: Zach Klein)
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króna
Earn 15.55% Return On Snow Wolves
The central bank of Iceland has increased overnight borrowing rates to 15.5%, meaning you can get some damn high yields investing in their currency. Those numbers piqued my interest.
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travel
Icelandair Overbooks Flight, Delays Return By 43 Hours, Forgets To Compensate Passengers
A reader just sent us a description of her flight back from London to Minneapolis that reads like a synopsis of a particularly unpleasant episode of "The Amazing Race." The return flight, on Iceland air, was supposed to go from Heathrow in London to Keflavik in Reykjavik, then from there to Minneapolis. The initial flight is delayed for 2 1/2 hours—but not to worry, Icelandair tells the passengers, because the other flight is being held. When they arrive in Iceland, however, there's no plane waiting for them—it's been overbooked, so the airline has sent it ahead and left the passengers stranded overnight. More »
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