Bad news, Iceland, and Bjork

Local right wing paper LA NACION has this headline

"Iceland: from Miracle to cursed"

"Three years ago the country was the world´s most developed; now it´s engulfed by economic crisis and natural disasters"

http://www.lanacion.com.ar/nota.asp?nota_id=1254753&origen=NLExt



My condolences to the people of Iceland who had embraced the "limited governmet" dogma.

Now, imagine with all these news the mood of Bjork nowadays...

http://www.youtube.com/watch?v=pYyyqIZTvYY



FC

Dollar sinks even lower...

``Sentiment for the dollar continues to deteriorate very, very rapidly and if we're not careful this will turn into a dollar crash, said Mitul Kotecha, head of foreign-exchange research in London at Calyon, the securities unit of Credit Agricole SA, France's second-biggest bank."

"President George W. Bush acknowledged the U.S. currency's decline was not ``good tidings.'' The dollar's drop may prompt Middle East central banks to reduce dollar holdings, Greg Gibbs, a strategist at ABN Amro Holding NV in Sydney, said in a report."

Dollar Falls to 12-Year Low of 100 Yen on Carlyle Fund Failure
http://www.bloomberg.com/apps/news?pid=20601087&sid=a8q2vC2.8OyU&refer=home

Free Markets at Work