Word: olafur
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...Iceland took a dramatic stand in the conflict last week when President Olafur Grimsson refused to sign a bill requiring his country to repay the $5 billion that's owed to the British and Dutch citizens who deposited their savings in an online Icelandic bank that collapsed in 2008. Icesave, a subsidiary of the Icelandic bank Landsbanki, offered eye-popping interest rates of up to 15% to foreigners before the crash. (See pictures of the global financial crisis...
...liked enough to visit three times on idea-gathering travels he and his wife Gene made to stadiums, airports and even shopping malls. Over the past few years, Gene also headed a project that commissioned site-specific works for the stadium by artists like Franz Ackermann, Mel Bochner and Olafur Eliasson, museum-quality names whose work you don't usually find in a building with a retractable roof. "I just thought it would be great to have art that's not just football art," she says. "To have something that's very contemporary, like the building, very cutting-edge...
...investment firms have started pumping money into projects, offering partners from Djibouti to the Philippines capital, skills and - perhaps most importantly - a sense that this also-ran of renewable energy is really viable. "I think [geothermal power] is the paramount moral obligation of Iceland in the modern world," President Olafur Grimsson told TIME. "There are over 100 countries that could do the same thing we have with their resources. This is the area in which we can really contribute...
Lighten Up. Now up at the Dallas Museum of Art, through March 15, 2009, is Take Your Time: Olafur Eliasson, which includes 20 works by the artist exploring the interplay of light, color and space. The large-scale installations make you feel like you're strolling through a kaleidoscope. 1717 North Harwood, Dallas...
They opened the faucets Thursday for The New York City Waterfalls, the industrial-strength art project by Olafur Eliasson at four locations along the city's eastern waterfront (see pictures at the Looking Around blog here). Each of them consists of a steel scaffolding between 90 and 120 ft. high, about 27 to 37 meters. River water is pumped to the top and spills back down in a wide cascade that will flow daily...