Iceland is renowned for its volcanoes and natural wonders. 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 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 is an example what is often called "crony capitalism," where banks reward high-paid people with power and wealth with unsustainable debt levels.
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. The collapse of Iceland's three biggest banks was caused by a rash of frauds and illegal transactions.
As the country struggles to recover, many citizens continue to blame their financial leaders. Over the years, more 20 bankers who mismanaged money and committed fraud have been sent to jail. 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 bankers have taken their case to the European Court of Human Rights claiming they were unfairly treated and tried.
All bankers were found guilty in 2008 and are now serving lengthy sentences. Many have also been expelled, and others have fled abroad.
They tried to recoup all this money from foreign investors and other investors who invested in the market.
It was these banks that created the huge Icelandic bubble, which then burst and caused a worldwide financial crisis. Icelandic bankers, who were once praised for the country’s economic growth before the crash are now being blamed by the nation's citizens.
Bankers have almost always been innocent. However, their actions were 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 were planning to create a brand new currency that would be even less sustainable. This is a major issue for the country, as it has a very weak currency.
A new currency, which is more stable and less volatile than the old one, was introduced in 2011. This has helped to reduce the pressure on bankers. But it's not known how long the situation will continue.
FAQ
How does the brain control the functions in your body?
To ensure that they work together, messages are sent by the brain to other organs. Everything in your body is controlled and managed by your brain. It tells the stomach to digest food, and the lungs to breath air. It also tells your legs and arms to move.
Your brain is made of billions, or neurons, of nerve cells. Action potentials on Axons are an electrical signal that neurons send to each other. Each neuron is covered by a cell membrane. There are channels within the membrane that allow ions such a sodium or potassium to enter and exit the cell. The neuron fires when there is ion movement.
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 to receptors on the second neuron, opening ion channels so ions can pass in and out of the channel. In turn, the second neuron also fires.
Neurotransmitter release occurs when the presynaptic neuron receives an impulse from another neuron. An impulse travels along a synapse that connects the two neurons. The transmitter binds at the receptors of the post-synaptic Neuron and triggers its firing.
For communication within the nervous systems, neurotransmitters are essential. They coordinate brain activity among different parts.
Is there a Hollywood blacklist.
There is an Hollywood blacklist.
However, the list isn’t public. The names are not known to us. This is why it matters.
The reason behind the secrecy was that blacklisted directors and actors wouldn't be able find work. The studios would be out of business as they lose money. This would mean that they would cut back on movie production. The blacklisted filmmakers would have fewer chances. This would make them bankrupt.
Which could ultimately result in more victims.
When someone tries making an Oscar winning movie they might be asked for a contract. This means that they can't publicly criticize their employer. This applies to any producer or director who wishes to be nominated.
That's why you hear stories about how producers pressure directors to remove scenes from their films. Directors threaten to abandon projects that don’t conform to their vision.
This is why Hollywood has created a blacklist. If you speak negatively about your employer, you will likely be fired. It's not good for anyone.
Many people have been wrongly 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.
We need to get rid of Hollywood's blacklist.
What dark secrets are there in Hollywood?
Hollywood is filled secret societies. Some are cult-like groups where members follow strict rules and rituals, while others are simply clubs for those who share common interests.
But there are also more nefarious organizations that control much of the industry. These include companies such as the MPAA (Motion Picture Association of America), which sets film ratings, and the RIAA (Recording Industry Association of America), which sets music licensing fees.
Many unions and guilds represent actors, directors writers, producers, and others. Most major movie studios and television networks are owned by large corporations which own these various organizations.
It is obvious that, no matter how secretive or obtuse a group appears, someone knows exactly what they do. However, we shouldn't fear them.
Instead, embrace them. Because they offer us information that can help us make better decision.
They can tell us which movies and songs are likely to be successful, as well as what books and novels will be most popular.
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.
They become more powerful because we choose to ignore them. They are the supreme arbiters of taste.
And if you don't like what they say, you're free to ignore them.
Let's now look at some lesser-known, but still very real Hollywood secret organizations.
Observe why they are important.
Which is the most mysterious spot on Earth?
Antarctica is considered the most mysterious area on Earth.
We find this place so fascinating. Because it is unlike any other spot on Earth.
It is remote, isolated, and extremely difficult to visit. But there is more to this site than meets the eye.
Some of the most bizarre wildlife species can also be found in this natural wonder.
So let's explore how this remarkable destination became famous for its mystery.
Antarctica, The South Pole
Antarctica is not known by anyone. Others believe it means "land with ice". Others believe it comes out of Greek mythology.
Antarktis in ancient Greece was the name given the island where Zeus' twin brother brothers were born. According to one source, one of the twins was conceived 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 mean that the land was turned away by the sun.
Whatever the reason Antarctica has held a special fascination for people, it is undeniable.
It is the highest, coldest, windiest, dryest, and most populated continent. It is too cold to support trees, plants, and animals.
Yet, this frozen wasteland is alive.
Here are about 90% of all the living creatures on Earth. You can find approximately half the world's species of animal and plant plants here.
What is Antarctica? Here, water freezes into ice instead of evaporating into the air.
This causes large amounts of ice to float above ground.
These glaciers are responsible for covering 80% of the continent. These glaciers are getting larger each year.
The Antarctic ice has grown 60 feet so far since 1960.
If the melting goes on, the sea level may rise by as much as 200 feet. This could lead to widespread flooding.
But not everyone thinks this is bad news. Some scientists claim that global warming could 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.
But others warn that this theory sounds like a plot from a science fiction movie.
Statistics
- 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)
- 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)
- 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)
- You spend about 10% of your time awake blinking (romper.com)
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Secret societies and clubs in American history
American History has many secret societies and clubs that are fascinating. Their mystery is just one reason. Another reason is because of their effect on our society.
Secret societies and clubs have been used throughout America's history to promote ideas that would otherwise be considered taboo. These ideas include anti-Semitism and racism. These groups helped spread political ideologies like communism or socialism.
The Ku Klux Klan is the most prominent American organization. This group was founded in 1865 following the Civil War. Its mission was to protect white males from African Americans.
Other organizations established during this period were the Knights Templars and Freemasons. All of these groups shared similar beliefs and goals.
Another interesting aspect of secret societies is that they often had memberships restricted to males only. These secret societies also included women. These women included Emma Goldman (Margaret Sanger) and Susan B Anthony.
There were other secret societies that did not share these ideals, in addition to those mentioned. The Order of Skull & Bones for instance was founded in 1832. Their goal: to create an elite American class.