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Greenlanders get asked some fairly predictable questions when they're out and about in the world. They get asked, for instance, if it's winter all year long in Greenland. (No.) They get asked if they live in igloos. (No.) And they get asked if it's true that Iceland is really green, and Greenland is really ice. (Sort...

Author: /time Magazine | Title: Greenland to World: "Keep Out!" | 9/21/2007 | See Source »

...still had about a month of further melting to go. "If that's not a tipping point, I'd hate to see what a tipping point is," says Mark Serreze, the center's senior research scientist. Trausti Valsson, a professor of environmental planning at the University of Iceland in Reykjav?k, says Arctic warming has become a "self-propelling" process that could leave the Arctic Ocean ice-free in summers by 2040. Even in winter, says Valsson, ice coverage would amount only to what could form in a single season, meaning that "Arctic shipping, with specially built ships, will be easy...

Author: /time Magazine | Title: Fight for the Top of the World | 9/19/2007 | See Source »

Meanwhile, as they always have, adventurers, hucksters and dreamers will continue to make their way north - some of them in bikinis. Iceland's Valsson sees the Arctic as "the new Mediterranean," with warming temperatures fostering new centers of civilization in Siberia and Arctic Canada. Hammerfest bears witness to some of that: The population is booming, and a sense of hope infuses the economy. But as winter approaches in Resolute and the lowering sky turns dark, Kalluk, the Inuit hunter, suspects that dreams of a new world in the north are overdone. "Whatever else happens," he says, "the sun will still...

Author: /time Magazine | Title: Fight for the Top of the World | 9/19/2007 | See Source »

...ingested magic mushrooms, which contain the hallucinogen psilocybin. The incident played into a running debate over whether the Netherlands' famously liberal drug laws are too lax with psychedelic mushrooms. Also in July, a Danish tourist raced his car through a campsite, and a 19-year old man from Iceland jumped out of a window; both had taken magic mushrooms, known in Dutch as "paddos," as had a French teenager who jumped off a bridge to her death in March...

Author: /time Magazine | Title: Dutch Consider Magic Mushroom Ban | 8/8/2007 | See Source »

Leitner wowed the crowd by presenting his overall portfolio approach, which although systematic and rigorous rules out nothing. He has been known to take positions in Turkish glassmaking stocks, Serbian construction stocks and inflation-index-linked housing bonds in Iceland. Today he says he has no dominant positions and cites certain themes such as insurance providers in emerging markets and food. In the latter, he likes beneficiaries of cheap agriculture and protein, noting opportunities in Argentina GDP warrants, Brazil broadly and fertilizer companies in Taiwan. In equities he likes Serbia, Macedonia, Malaysia and the GCC (Gulf Cooperation Council) countries...

Author: /time Magazine | Title: Hedge Fund Confidential | 8/2/2007 | See Source »

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