Word: iceland
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...global image of Iceland over the past few years has been shaped by a generation of brash young entrepreneurs, self-styled Vikings of business, who jetted around Europe snapping up companies and finding ever new ways to get rich. Their world collapsed this fall, along with Iceland's economy. So it's fitting that another - and very different - Icelander is stepping in to take their place on the world stage. His name is Erlendur Sveinsson, and he's a gloomy, introverted and thoroughly unhappy man who dislikes the way Iceland has been modernizing. His family life is a mess, with...
Erlendur is, in fact, fictional. He's a sullen detective created by Arnaldur Indridason, 47, a former film critic who started writing crime novels a decade ago. Indridason has attracted a huge following in Iceland and increasingly abroad, ever since the German version of Jar City came out in 2003. He's now translated into 36 languages, and has sold more than five million books worldwide. Indridason is currently working on his 10th Erlendur novel. The most recent, Arctic Chill, was published in September. An Icelandic movie of Jar City came out in 2006 and a Hollywood producer has already...
...distressed companies such as Morgan Stanley. Japan Inc. is going on another of its famous investment sprees abroad, opening factories and representative offices across Africa and Asia. In October, the country's central bank even offered part of its nearly $1 trillion in reserves to financially strapped nations like Iceland. In November, Japan also expressed willingness to lend up to $100 billion to the International Monetary Fund. But it isn't just money that's being spread around. "Because Japan's financial system is the least tainted at the moment," says Japanese parliamentarian Kotaro Tamura, "we have the opportunity...
...Nordic Supremacy: The top four countries in terms of gender equality are Norway, Finland, Sweden and Iceland - which also nabbed the top spots in the 2007 edition of this report. Norway is on top, in part, thanks to a law that requires the boards of public limited companies be made up of at least 40% women...
...ICELAND Drop in currency value since a year ago: 51% No developed country has suffered as much from the credit crunch as Iceland, which has seen its banking system and its currency, the kronur, all but collapse. The silver lining in an Arctic cloud: what was once one of the most expensive, if memorable, destinations in Europe has suddenly gone budget. Icelandair flights from New York City start at $500 round-trip, and decent hotels in the hip capital of Reykjavik - like the Centerhotel Thingholt - are as low as $60 a night. Sure, if you go in the late fall...