Word: iceland
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...whose political establishment dropped its longtime opposition after a recent run on the Polish zloty. The euro has found some other unexpected converts too, thanks to the financial crisis. The Danes voted against joining the euro zone in 2000, but they are set to hold another referendum in March. Iceland - not even an E.U. member - is pondering "unilateral euroization" after seeing its krona plunge nearly 80% against the euro in September and October...
Both. I'm flattered when there are people from Germany or Japan who will show up when I have a photo exhibition in Iceland. Every once in a while, though, there'll be a person who steps over the line, where they assume that I'm only speaking to them. I worry about them. And sometimes I worry about myself...
...that drilling holes deep into the earth destabilizes the land around it. This summer, police arrested a group of environmental activists who had chained themselves to machinery at a drill site near the nation's largest power station outside Reykjavik to protest the plans for a new aluminum factory. Iceland's government has responded to such criticisms by trying to diversify and attract companies like Microsoft, Cisco and Yahoo!, all of which have discussed building massive server farms on the island...
...ensure that geothermal energy powers Iceland's future, the country is boosting the number of university programs dedicated to the subject. It's essential to make Icelanders as enthusiastic about steam as they have been about the finance industry over the past few years. On a blustery Sunday afternoon in May, a circle of visitors in all-weather jackets waits in front of the Strokkur geyser, a popular tourist attraction in southwest Iceland. Among the crowd is a busload of Harvard M.B.A. students fresh from their exams. Georg Ludviksson, an Icelandic grad who helped organize the tour, said he wasn...
...role in the current financial crisis may seem dated. The two and a half months since Lehman Brothers collapsed have been rather eventful—a presidential election, A.I.G.’s bailout, Citigroup’s bailout, a 2,000 point decrease in the Dow, Iceland becoming insolvent, a requested bailout for the Big Three automakers, and as of Monday a bona fide, American-made recession. Because of all of this, it’s easy to forget what started this debacle—the subprime mortgage fiasco. If you’ve forgotten, then...