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...Just ask English club West Ham United. Asset-management company CB Holding took over the East London club earlier this week, after its Icelandic owner and chairman Bjorgolfur Gudmundsson lost his trousers in the credit crunch. Iceland's Straumur Bank, CB Holding's major shareholder, is itself in the midst of restructuring after being bailed out by the Icelandic government in March. In Spain, once mighty Valencia is effectively controlled these days by local lender Bancaja, its major creditor, after hapless management and a soured stadium-development plan left the club about $725 million in debt. (See pictures...

Author: /time Magazine | Title: Recession? Spanish Club Pays $130M for Ronaldo | 6/11/2009 | See Source »

...leads, who are left with the difficult task of posing silently for Hicks's long montages. Hawke and Kudoh are both admirably restrained for the most part, and they do a creditable job in their scenes together. Max Von Sydow does a marvelous turn as decrepit defense attorney Nels Gudmundsson, as do Shepard and Ako as the parents of the young lovers. Also, Max Wright (as a doddering coroner) and Celia Weston (as the righteously bigoted mother of the deceased) deserve special mention for their brief appearances on the witness stand...

Author: By John W. Baxindine, CONTRIBUTING WRITER | Title: Stylish Snow a Feast for the Eyes | 1/14/2000 | See Source »

...started when one dog owner refused to pay her fine. She was jailed for two days and released after the case attracted howling attention from the press. To poodle a little more excitement into the story, the Icelandic State Broadcasting Service sought reactions from, among others, Finance Minister Albert Gudmundsson. Readily admitting that he owned a fetching 13-year-old mongrel named Lucy, Gudmundsson unleashed a counterattack against the capital's law. If pooch came to shove, he barked, he would neither part with Lucy nor pay a fine that he considered silly and a violation of human rights...

Author: /time Magazine | Title: Iceland: Dogged Stand | 2/6/1984 | See Source »

...Gudmundsson refuses to heel. "Lucy is as much a part of the family as my children," growls the father of three. "Rather than part with her, we will emigrate and I will quit politics." Despite his dogged stand, the Finance Minister is on fairly safe ground: he may be in the doghouse, but as a member of parliament he cannot be jailed. Before things become irretrieverable, one wag suggests, why not transfer Gudmundsson to Iceland's United Nations delegation in New York? New Yorkers, after all, are not only accustomed to putting on the dog, but putting up with...

Author: /time Magazine | Title: Iceland: Dogged Stand | 2/6/1984 | See Source »

MORNING OF LIFE-Kristmann Gudmundsson-Doubleday, Doran ($2.50). Hardbitten, cold-climated tale of love, hate and a tough winter; by an Icelandic author who has been translated into a dozen languages...

Author: /time Magazine | Title: Fiction: Recent Books: Apr. 27, 1936 | 4/27/1936 | See Source »

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