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...collapse of three Icelandic banks in October 2008 meant cranes across the country came to a halt. A broken economy has led to rock-bottom rents. And while the new lows may have hit local landlords hard, it enabled a kind of tenant once prohibited from the high-traffic destination to move in - emerging fashion designers. "Creativity doesn't stop when the money goes," says Runar Omarsson, co-owner of Nikita, a street-wear line that caters mainly to skate- and snowboarders. "It is important to look at what we have and make something out of it. There are valuable...

Author: /time Magazine | Title: Iceland's Fashion Designers Flourish in the Downturn | 11/14/2009 | See Source »

...Aftur's bottom line isn't unique. Down the street the three-month-old Fabelhaft shop has also logged surprisingly high sales. "Opening now has been the best investment for us," says co-owner Dusa Olafsdottir. Inside, tourists and natives mill around bespoke hats and dresses in the boutique's bleached white cube. "Before the crash it was ridiculously expensive on this street, but now you can have your own label and store." (See pictures of expensive things that money...

Author: /time Magazine | Title: Iceland's Fashion Designers Flourish in the Downturn | 11/14/2009 | See Source »

...Dave (Nick Frost)—have popular consensus on their side, but the boat is under legislative siege from the government. Their fiercest opponent is Minister Alistair Dormandy (Branagh), who is committed to shutting down “the drug takers and the lawbreakers and the bottom-bashing fornicators of this recently great country...

Author: By Brian A. Feldman, CONTRIBUTING WRITER | Title: Pirate Radio | 11/13/2009 | See Source »

...Committee last month. In his 2008 book Leaderless Jihad, Sageman says the "present threat has evolved from a structured group of al-Qaeda masterminds, controlling vast resources and issuing commands, to a multitude of informal local groups trying to emulate their predecessors by conceiving and executing operations from the bottom...

Author: /time Magazine | Title: Fort Hood Highlights a Threat of Homegrown Jihad | 11/11/2009 | See Source »

Brown (5-17, 1-10), the bottom feeder of the Ivy League, appeared to have the Crimson’s number at the start of the contest on Saturday...

Author: By Emmett Kistler, CRIMSON STAFF WRITER | Title: Crimson Edged by Yale, Shuts Out Brown | 11/9/2009 | See Source »

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