Iceland's volcanic eruptions are renowned, as well as its exotic nature. But Iceland is also infamous for its crony capitalism. This week, the leaked information about Prime Minister Sigmundur David Gunnlaugsson s secret sale of shares sparked a new round of anger at the country's bank system.
What happened in iceland? Icelandic bankers are jailed. Fallout 4’s biggest secret
Iceland is a country that has a fascinating history. I was immediately fascinated when I first visited Iceland a year ago. It's a microcosm of the world, despite its size. Conflicts of ownership are as common in small countries as they are in large.
The nation's financial sector thrived on a bubble which burst after the 2008 global recession. It's what's called "crony capitalism," in which the banks reward people for their high salaries and positions of power with unsustainable levels debt.
In Iceland, the banks piled up billions of dollars in loans to shady entrepreneurs who took advantage of the country's small but powerful government. A rash of fraud and illegal transactions led to the collapse of all three of its biggest banks, Glitnir, Kaupthing, and Landsbankinn.
As the country struggles to recover, many citizens continue to blame their financial leaders. Since then, more than twenty bankers have been imprisoned for fraud and mishandling of money. Although the justice system in this country is hailed as a model for the developed world it has been criticized by some for its lack of prosecution.
Some of the bankers that were involved in this crime have even sued former employers accusing them of not respecting their legal rights. Some of the bankers involved in the crime have sued their former employers, accusing them of ignoring their legal rights.
All the bankers have been convicted since 2008 and are serving long prison sentences. Many of them have also been expulsed from the country. Others have fled overseas.
The investors, many of whom were foreigners, tried to recover all the money they had lost by manipulating the market, using their wealth to make others rich.
The banks were responsible for creating a massive bubble in Iceland. When it burst, it caused a global banking crisis. Some of the Icelandic bankers were praised as symbols of the country's budding economic prowess before the crash, but now the country's citizens are frustrated that they're being held to account for their actions in the wake of the crisis.
Almost all of the bankers are innocent, but their actions were reckless. They took on debts they knew they would not be able to pay back, and they even made some bets which they could not afford.
Some were planning to create a brand new currency that would be even less sustainable. It is a huge problem for the nation, because its currency has been very weak.
In the end, a new currency was introduced in 2011, which is much more stable and has reduced the pressure on the bankers. But it's unclear how long this will be the case.
FAQ
These are five interesting facts about livers
The liver is responsible to detoxify toxins and store vitamins and minerals. It also helps regulate blood pressure and keeps our body temperature stable.
Are you familiar with the expressions, "I feel sluggish today", or "my head feels heavy"? These symptoms may be a sign of liver disease.
Common signs include yellowing skin, dark urine, fatigue, nausea and vomiting, weight loss, stomach cramps (yellow coloration), itching, and jaundice (yellow colouration). These aren't all warning signs. You should immediately consult your doctor if you have any of these symptoms.
The liver is an essential organ. It is essential for detoxification and metabolism as well as reproduction.
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The average adult liver weights about 1,400g.
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The liver of a baby is roughly half the size that of an adult at birth. It grows to be about four times bigger by age three than an infant's.
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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 lobes of the liver. But there are also many smaller ones.
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Red blood cells make up approximately 10 million of the liver's total.
What is the most mysterious place on earth?
Antarctica is one of the most mysterious places on Earth.
We find this place so fascinating. Because it is unlike any place on Earth.
It is remote and difficult to reach. There is much more to this place than meets the eyes.
You'll also find the strangest species of wildlife in this natural wonder.
So let's explore how this remarkable destination became famous for its mystery.
Antarctica: The South Pole
Antarctica's name is a mystery. Some believe it is "land of the ice". Others believe it comes from Greek mythology.
Antarktis in ancient Greece was the name given the island where Zeus' twin brother brothers were born. According to legend, one of the twins was born in winter. Hence, the word antarctic.
Others believe the name was derived from the Greek words tropos, which means turn, and anti, meaning against. This would translate to land that is turned away from the sun.
Whatever the reason Antarctica has always been a fascination for people.
It is also the lowest, windiest continent, driest, and highest. Because it is too frigid, there are no trees, animals, or plants.
Yet, the frozen desert is alive with life.
Here, 90 percent live of all species of living things. It is home to approximately half of all world's animal and plant species.
What is the secret to Antarctica's unique environment? Here, water freezes and becomes ice instead of evaporated into the air.
This causes large masses to form of ice which float high above the ground.
These glaciers are responsible for covering 80% of the continent. They continue to grow in size each year.
The Antarctic ice has grown 60 feet so far since 1960.
If the melting continues, the sea level will rise by up to 200 feet. It could result in massive flooding all over the world.
This does not mean that everyone is wrong. Some scientists suggest that global warming could actually be good for us. They believe that global warming will lead to melting ice sheets faster and floods that can flush toxic chemicals out of our soils and bodies.
Others, however, warn that this theory sounds almost like a plot for a science fiction film.
Is there a Hollywood blacklist of actors?
There is a Hollywood blacklist.
However, the list isn’t public. We don't know the names. But here's why it matters.
The reason behind the secrecy was that blacklisted directors and actors wouldn't be able find work. 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. This would lead to fewer opportunities and less money for blacklisted directors. This could lead to them going bankrupt.
This could result in even more victims.
A contract may be required to agree to not speak against employers if someone attempts to make an Oscar winning movie. This applies to any producer or director who wishes to be nominated.
This is why you'll hear about directors being pressured by producers to take scenes out of their films. Or how directors threaten to walk away from projects that don't fit their vision.
This is why Hollywood has a blacklist. Negative comments about your employer will most likely lead to you being unemployed. This is bad news for anyone.
There are many people who have been falsely accused. They have had to fight for their freedom.
This must be stopped before it happens again. Everybody should be able to freely express themselves.
Therefore, it is necessary to eliminate the Hollywood blacklist.
What is the most fascinating fact about the human body
Two eyes, two ears, 2 nostrils, 4 limbs, 1 nose, 1 penis and one mouth are all there. You're correct, there are more than 50 parts in our bodies. But, one thing is missing. A heart.
The heart is a pump that circulates blood throughout your body. The blood moves through the arteries and veins to transport oxygen and nutrients into the cells, and remove carbon dioxide.
The heart pumps out approximately 5 liters of blood per minute. This is equivalent to a person drinking 2-3 cups coffee daily.
The blood flows throughout the heart 24/7, 365 days a calendar. While you sleep, your heart beats almost 100 times per minute.
Because of the color and texture of their skin, you can tell if someone is healthy or sick. Capillaries are tiny blood vessels visible on the skin's surface. These small vessels carry blood away from the large blood vessels in the skin back to the heart. The skin turns blue or violet when blood flow becomes blocked.
People with sickle cell disease lack red blood cells. Their blood becomes very sticky and hardened, leading to serious illness.
To stop bleeding from a cut, you can apply a bandage to the wound. Blood must flow in order for the wound to heal properly. To do this, doctors insert a needle through the skin into the vein next to the injury. This allows blood drainage from the injury area.
Doctors may also insert catheters (catheters), in an artery to treat a blood clot. This keeps patients alive until the clot has broken up naturally.
Statistics
- A 2012 paper published in the Proceedings of the National Academy of Sciences reported that people blink about 15 to 20 times each minute, meaning, if you do the math, you spend about 10% of the time that you're awake blinking. (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)
- You spend about 10% of your time awake blinking (romper.com)
- The average human adult male heart rate is between 70 and 72 beats per minute, while the average for adult women is between 78 and 82 beats, which is significantly faster, according to 2014 published in the Journal of Clinical and Diagnostic Research. (romper.com)
- 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)
External Links
How To
Hollywood Actors With Dark Past
Many of us have heard about actors with dark pasts. We may never be able to find out for certain because we cannot go back in time and speak directly with them. There is a way to learn more about the lives of these actors without going too deep.
Internet is a great tool to find information about celebrities. Not only can you find interesting facts about famous people, but you can also learn about their lives.
Let's say, for instance, you're interested in Samuel L. Jackson's childhood. If you type his name into Google, you'll probably come across a website called "SamuelLJacksonChildhood." This site contains pictures of him when he was young, articles about his upbringing, 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 find yourself inspired to overcome your difficulties, or perhaps you discover that Samuel L. Jackson has a movie set based on his own life. Either way, personal experiences can help you connect more deeply with Samuel L. Jackson.
There are plenty of websites like this online. Use them to discover more about the lives famous people. You might be amazed at what you find.