Iceland melts

Now I know where Iceland is. I didn't know what to say.

This article from the International Herald Tribune tells the story of the great economic crash of Iceland.

It is a country of three hundred twenty thousand people, say we combine seven cities in Metro Manila. Ninety three percent are Icelander.

It is a country where people are getting unemployed by the minute due to their economic collapse.


http://www.iht.com/articles/2008/11/08/europe/09iceland.php?page=2

Iceland meltdown

This article essays on how the world economy is tightly interconnected and it could tells us it has both a boom side and just like a balloon it can burst.

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http://www.iht.com/articles/2008/10/19/opinion/edfriedman.php