Iceland is famous for volcanic eruptions, exotic wonders and its natural beauty. 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.
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Iceland was my first visit to the country and I became fascinated with its extraordinary story. 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 thriving financial industry was built on an economic bubble that burst when the global market crashed in 2008. It's an example of what's often called "crony capitalism," where banks reward people with high salaries and power with unsustainable levels of 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.
But as the country tries to recover, many of its citizens still blame its financial leaders for what happened. Over the years, more 20 bankers who mismanaged money and committed fraud have been sent to jail. However, the country's lauded justice system has been criticized because it is slow to prosecute.
Some bankers accused of being involved in the crime even sued their former bosses, accusing that they had ignored their legal obligations. Others have filed a complaint with the European Court of Human Rights alleging that they had been unfairly tried.
All bankers were found guilty in 2008 and are now serving lengthy sentences. Several have also fled the country or been expelled.
They tried to recoup all this money from foreign investors and other investors who invested in the market.
These were the banks that created a huge bubble in Iceland, and then when it burst it caused a worldwide banking crisis. Icelandic banks were hailed before the crash as symbols of their country's budding economy, but now they are being held accountable for their actions.
Bankers have almost always been innocent. However, their actions were reckless. In some cases they bet on things they couldn't lose and took on debts, which they knew were unrepayable.
Some were even planning to introduce a new currency which would be more unstable. The currency of the country is extremely 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 is unclear how long that will last.
FAQ
Is there a Hollywood blacklist?
There is a Hollywood blacklist.
The list isn’t available for public viewing. The names are not known to us. This is why it matters.
The secretive nature of the information is due to the fact that actors and directors on blacklist won't be in a position to find work. The studios would be out of business as they lose money. They would also cut back on their spending on movies. The blacklisted filmmakers would have fewer chances. This could lead to them going bankrupt.
This could mean more victims.
If someone attempts to make an Oscar-winning movie, they may be asked to sign a contract stating that they will not speak out against their employers. Producers and directors who want to be nominated are subject to the same restrictions.
That's why you hear stories about how producers pressure directors to remove scenes from their films. Directors may threaten to quit projects that don’t align with their vision.
This is why Hollywood has a blacklist. You'll likely become unemployed if you say bad things about your employer. It's not good for anyone.
It is not uncommon for people to be falsely accused. And they've had to fight to clear their name.
This must be stopped before it happens again. It is essential that everyone has the freedom to express their opinions.
We must get rid of the Hollywood blacklist.
What is the most fascinating fact about the human body
Two eyes, two ears and two nostrils are part of our bodies. We also have four limbs: a mouth, nose, penis, and four limbs. We have over 50 parts of our bodies. However, one thing is missing. A heart.
The heart is a pump that circulates blood throughout your body. The blood moves through the veins. It transports oxygen and nutrients to your cells. It also removes carbon dioxide.
The heart pumps out about 5 liters per minute. This is equivalent to a person drinking 2-3 cups coffee daily.
Blood flows through the heart 24 hours a day, 365 days a year. Your heart beats nearly 100 times a minute while sleeping.
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 vessels carry blood away to the heart via the large blood vessels. When blood flow is blocked, the skin turns blue or purple.
People suffering from sickle cell disease have no red blood cells. Their blood becomes sticky and hardens, causing them to become very ill.
To stop bleeding from a cut, you can apply a bandage to the wound. The wound must remain open for blood to flow properly. To do this, doctors will insert a needle through your skin into the vein adjacent to the injury. This allows blood flow to the area that has been injured.
Doctors can also insert catheters into the artery close to the area where the bloodclot has formed. This keeps the patient alive till the blood clot dissolves naturally.
These 5 facts are amazing about the liver
The liver is responsible both for breaking down toxins as well as storing vitamins, minerals. It also regulates blood pressure, and maintains our body's temperature.
Is it not often that we hear people say "I feel sluggish today" and "my head feels heavier?" These symptoms could indicate problems with your liver.
Some common signs include dark urine, yellowing skin, fatigue, nausea, vomiting, loss of appetite, stomach cramps, jaundice (yellow coloration), and itching. But these aren't the only warning signs. If you experience any of them, make an appointment with your doctor immediately.
The liver is an essential organ. It plays a role in detoxification, digestion, metabolism, immunity, and reproduction.
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The average adult human liver is approximately 1,400g.
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The size of a baby's liver at birth is approximately half that of an adult. It becomes about four times more large by the age of three than an infant's liver.
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The liver can be found on the left side of your abdomen, just below the lower rib cage.
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There are 16 main lobes in the liver, but many smaller lobules are inside the lobes.
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The liver contains about 10 million individual red blood cells.
What dark secrets are there in Hollywood?
Hollywood is full secret societies. There are secret societies that are more cult-like than others. They have members who follow specific rules and rituals. While some are clubs for those with similar interests, others are not.
There are also other, more evil organizations that control large parts of the industry. There are companies like the MPAA (Motion Picture Association of America), who sets film ratings and the RIAA, which sets music licensing fees.
Numerous unions and guilds also represent actors, directors, writers, producers, etc. Most major movie studios and television networks are owned by large corporations which own these various organizations.
It doesn't matter how secretive a group might seem, someone somewhere knows what they are doing. We shouldn't fear these people.
Instead, we should embrace them. Because they give us information that allows us to make better decisions.
These people tell us what movies and songs will succeed, and which books will sell best.
They help us make decisions about what we will buy, watch, listen to, or read.
We can trust their advice and we can ignore it if it contradicts our values.
Because we have chosen to ignore their power, they are even more powerful. They become the ultimate arbiters of taste.
You are free to ignore their messages if that bothers you.
So now let's look at some of the lesser-known but still very real Hollywood secret societies.
You'll see why they are so important.
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)
- 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)
- 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)
- 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)
External Links
How To
Hollywood Actors With Dark Past
We've all heard stories about actors who had dark pasts, even though we may never know for sure because we can't go back in time and ask them directly. However, there is a way you can learn more about these actors' lives and their pasts without having to dig too deeply.
Internet is an incredible tool for finding information about famous persons. Not only do you learn interesting facts, but you also get to read about how they lived their life.
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 website contains photos of him in his youth, articles about the family, and even a bio.
While this information may seem dull, it can help you connect better with Samuel L. Jackson. For instance, you might realize that he grew up in a rough neighborhood and became successful after overcoming adversity.
Perhaps you feel inspired to overcome your challenges, or maybe you learn that Samuel L. Jackson is currently working on a movie about his life. You can connect with Samuel L. Jackson through personal experiences.
There are plenty of websites like this online. You can use them to learn more information about the lives and times of famous people. You might be surprised by some of the facts you uncover!