Iceland is famous for its volcanic eruptions and exotic natural wonders. It's also famous for its cronyism, and the leak of Prime Minster Sigmundur David Gunnlaugsson secret share sales this week has sparked a renewed anger towards Iceland's banking sector.
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Iceland's remarkable story captivated me when I visited the country for the first. I was surprised to find that Iceland is very much a small world in microcosm. And that ownership conflicts are just as common in smaller countries as large ones.
The nation's financial sector thrived on a bubble which burst after the 2008 global recession. It's a classic example of what is called "crony capitalism," in which banks reward people who have high salaries and power by putting them into unsustainable debt.
Iceland's banks gave billions in loans to unscrupulous entrepreneurs who exploited the country’s small but powerful Government. In Iceland, a series of fraudulent and illegal transactions caused the collapse of three of its largest banks: Glitnir Kaupthing Landsbankinn.
But as the country tries to recover, many of its citizens still blame its financial leaders for what happened. In the years since, more than 20 bankers have been jailed for mishandling money and committing fraud. Though the country’s justice system is often hailed for being the model of developed countries, it has also been criticized as slow in bringing criminal charges.
Some bankers accused of being involved in the crime even sued their former bosses, accusing that they had ignored their legal obligations. Some of the bankers involved in the crime have sued their former employers, accusing them of ignoring their legal rights.
The bankers were all convicted in 2008, and they're currently serving lengthy sentences. Many have also been expelled, and others have fled abroad.
They then attempted to recover the money, including from many foreigners.
This was the bank that created an enormous bubble in Iceland. And when it popped, it caused worldwide banking crises. Icelandic bankers, who were once praised for the country’s economic growth before the crash are now being blamed by the nation's citizens.
They were all innocent but reckless. They were taking on debt that they knew they could not afford to repay, and in some cases, they made bets they couldn't afford to lose.
Some of the conspirators were also planning to create an even more unsustainable currency. It is a huge problem for the nation, because its currency has been very weak.
In 2011, a new, much more stable currency was introduced. This reduced pressure on banks. But it is unclear how long that will last.
FAQ
Is there a Hollywood blacklist of actors?
There is a Hollywood blacklist.
The list isn’t available for public viewing. As far as we are aware, the names are not even known. This is why it matters.
The secret reason is that directors and actors who are on the blacklist would not be able to find employment. So they'd go out of business, which means that the studios would lose money. That would result in a reduction in spending on movies. Which would mean fewer opportunities for the blacklisted filmmakers. They would then go bankrupt.
Which could ultimately result in more victims.
In short, when someone tries to make an oscar winning movie, they might be asked to sign a contract saying they won't speak publicly against their employers. Any director or producer who would like to be nominated for an award is subject to the same rules.
You hear stories of directors being pressured to remove scenes from films. Or how directors threaten to walk away from projects that don't fit their vision.
This is why there is a Hollywood blacklist. You'll likely become unemployed if you say bad things about your employer. This is bad news for anyone.
There are many people who have been falsely accused. These people have had to fight to clear their names.
This kind of thing must stop before it can happen again. Everyone should have the right to speak freely.
Therefore, it is necessary to eliminate the Hollywood blacklist.
Five interesting facts about your liver.
The liver is responsible to detoxify toxins and store vitamins and minerals. It also helps regulate blood pressure and keeps our body temperature stable.
What number of times have you heard someone say that they feel sluggish or heavy? These symptoms could be signs of liver problems.
Common signs include yellowing skin, dark urine, fatigue, nausea and vomiting, weight loss, stomach cramps (yellow coloration), itching, and jaundice (yellow colouration). These are not the only warning signs. If you feel any of these warning signs, consult your doctor immediately.
The liver is an important organ. It is responsible for detoxification as well digestion, metabolism and immunity.
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The average adult human liver weighs approximately 1,400 grams.
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At birth, the liver of a baby can be half as big as an adult's. It is four times larger by the time an infant turns three.
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The liver is located below the ribs on the left-hand side of your abdomen.
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There are 16 major liver lobes. However there are many smaller, more intimate lobules.
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About 10 million red blood cells are found in the liver.
What is the most secretive town in the world?
The answer to that question may shock you. It might even make you uncomfortable because it challenges our perception of reality and how we live. But there is a reason that this place exists. It isn't what you would expect.
It was called the City of God by ancient Greeks. According to the Bible, it was called the City of Destruction.
It is also called Kashi in India (Kashmir). In Russia, it's called Novgorod.
It's called The Town That Has Disappeared here in America.
One small community in western New York State with 1,200 residents vanished without a trace. It was abandoned without any remains, including no bodies, cars, or houses. The only thing that survived was a road sign, which pointed to its former location.
This little town disappeared, leaving no clues about where it went or when. Some believe the earth swallowed them up. Others claim that a meteorite hit destroyed it. Some claim that it was destroyed by a meteorite strike. Others still believe it was stolen away by aliens.
Despite what may have happened, the people who lived in this once-thriving area are confident that their town will not be lost forever. They had just moved from one town to the other.
You can even track the disappearance of Zugspitz on a dedicated website.
The question is, where did this place go? It's actually in Switzerland!
The border of Austria and Germany is at Zugspitze. Lake Zugspitze lies just above the summit of the mountain.
It's always fascinated me how so many towns disappear, yet others remain. Is it possible that some towns disappear and others are preserved? I set out to find out.
I was interested in learning more about these mysterious towns that are disappearing. What causes a community to disappear? What makes a place disappear?
It turned out that there are many theories about disappearing towns. One theory says that a town disappears when all the buildings are demolished. Another theory is that the town moves to another place. Another theory suggests that the town has never existed.
Theories aside, the fact remains that dozens of towns around the globe have been swallowed up by the ground. This video explores the history of these towns and examines their current state.
How does your brain control the functions within your body?
The brain communicates with other organs to ensure their cooperation. Everything that happens within your body is controlled by the brain. It tells you your stomach to digest food; your lungs to inhale air; and it tells you your arms and legs how to move.
Your brain is made up of billions upon billions of nerve cells that are connected together in groups called neuronal groups. Action potentials, which are electrical signals sent by neurons to each other via axons, allow them to communicate with one another. Every neuron has an outer cell membrane that surrounds its nucleus. Inside the membrane are channels that allow ions such as sodium and potassium to enter and leave the cell. Ion movement creates the electric charge that causes the neuron to fire.
Neurotransmitters, which are chemicals that release neurotransmitters when a neuron fires up, can be found in the space between the neurons and the next one. Neurotransmitters bind with receptors on the second nerve cell, opening ion channel channels to allow ions in and out. In turn, the second neuron also fires.
Neurotransmitter release occurs when the presynaptic neuron receives an impulse from another neuron. The impulse travels along the synapse connecting the two neurons. The transmitter binds with the receptors of the postsynaptic nerve, activating the firing of the postsynaptic neurons.
The nervous system relies on neurotransmitters for communication. They coordinate activity between the different parts of your brain.
Statistics
- In fact, according to the American Academy of Ophthalmology, you make 15 to 30 gallons of tears each year, which is insane when you think about it. (romper.com)
- Your mouth makes a lot of saliva every day It might seem like way too much, but your salivary glands typically produce anywhere from 0.5 and 1.5 liters a day, according to a 2009 study published in the Journal of Medicine and Life. (romper.com)
- In fact, nearly 24% of U.S. women are affected with one or more pelvic floor disorders, according to research funded by the National Institutes of Health. (romper.com)
- According to a 2018 study published in Free Radical Biology & Medicine, this is because blood pressure is regulated by our innate circadian rhythm and internal clock. (romper.com)
- It might not sound like something that's truly plausible — and it is quite rare — but according to a 2015 study published in the Asian Cardiovascular & Thoracic Annals, it's possible to hurt yourself and even break a rib just by sneezing. (romper.com)
External Links
How To
Hollywood Actors With Dark Past
We have all heard of actors with dark pasts. However, we won't be able to go back in history and ask them directly. It's possible to find out more about these actors' lives by not digging too deeply.
Internet is a wonderful tool for finding information on famous people. Not only do you learn interesting facts, but you also get to read about how they lived their life.
For example, suppose you are interested in Samuel L. Jackson’s childhood. If you type his name into Google, you'll probably come across a website called "SamuelLJacksonChildhood." This website includes pictures of him as a young man, articles about how he was raised, and even a biography.
Although it may seem tedious, this type of information can help you make connections with Samuel L. Jackson. You might be surprised to learn that Jackson grew up in a poor neighborhood but was able to overcome adversity and become a successful man.
You might feel motivated to overcome your obstacles or learn that Samuel L. Jackson plans on making a movie based upon his life. Either way you will be able to make a deeper connection with Samuel L. Jackson by sharing your own experiences.
You can find many websites similar to this one online. Make use of these websites to learn more about the lives celebrities. You may be surprised at what you uncover.