Wall Street on the Tundra
Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance—resulted from a stunning collective madness. What led a tiny fishing nation, population 300,000, to decide, around 2003, to re-invent itself as a global financial power? In Reykjavík, where men are men, and the women seem to have completely given up on them, ... Full Story »
Posted by Kaizar Campwala
Apparently I saw Iceland at the peak of its wealth (2006). A buddy and I drove north to do some whitewater rafting, and we stayed up all night prowling Reykjavik's bars. To us the risk-taking seemed pretty evenly divided among Icelandic men and women--couldn't count the number of offers to do some sexual romping from men and women alike.