Monday, September 14, 2009

Still corruption information coming in Iceland

A mr. Jon Josep bjarnarsson,has been making a online program ,to see how the buisness elite is connected in Iceland through company ownership.
He had bought access to the Icelandic IRS,and could get leagal information about companys and their ownership,and stockholders.
It was very interesting to see how the bankers and buisness men ,are connected ,in many ways ,and more that one way through their companys.
But after it got public,then the CEO´s of the IRS closed for his access to the infromation.
For instance ,Jon Asgeir Johannesson,CEO of Baugur Group is connected to Hannes Smarasson,chairman of FL Group ,in 308 ways - through many different companys.

Here you can see this on a blog in Icelandic by the greatest blogger in Iceland ,Lára Hanna .
And you can now translate to english ,with translate.google.com

Students .

Students have been getting student loans ,so they can go to University.
But now it has been made public,that many students signed up for student loans,and also unemploymnet bebefits.
According to the goverment,students have taken illeagally,around 300 million kronas.

Unemployment

Unemploymnet is now 14.552 , that would be 7 % .

Sunday, September 13, 2009

Me at 60 meters --- and afraid of heights !

I was a truck show in Kopavogur,in Iceland today.
And one big crane offered to lift people up to get a better view.
I accepted,and when the crane had lifted up two metres,i remembered that i do NOT like heights.
And the crane lifted us up to more than 60 metres - ( in feet _ that would be about 180 feet. )You can see that the camera is shacking ,and you can here me say " sheise " wich is german and i dont know what it means .But it was a great view,in lousy weather
What you do to get a better view to take photos and videos.








Tuesday, September 8, 2009

Insider information in Icelandic Banks ?


In 2007, member of the public was sold stock in a SPRON,Savings bank in Iceland ,at 55 million kronas.
And very fast the stock price went down ,fast.
The stock was sold ,and no name on who sold him the stock.
The man wanted to know who sold him the stock,after it lost value so fast.
He thought that maybe some of the managers of the bank had sold ,and use insider information.
Today Iceland supreme court ordered that he had the right to know who sold him the stock.
It turned out to be the wife of the Manager of SPRON.

He intends to seek justice and get his money back.

Sunday, September 6, 2009

Unemploymnet in Iceland - September 2009

Now there are 15.233 unemployed in Iceland.
1.930.708.688 IKR was paid in august to the unemployed.
Unemployement was 8 % in july.

Thursday, September 3, 2009

Nathan Lewis on the crisis in Iceland


Nathan Lewis ,Fund manager, author of Gold: the Once and Future Money ,has written a article about Iceland on Counterpunc.org.
Their he talkes about what is happening in Iceland ,and what is being done to Iceland.
Reccomend that you read his articel.

It is HERE

His own website is here

Wednesday, September 2, 2009

No debts on October 1. in Iceland ?


Ólafur Kristjánsson board member of Homes interest group accuses the finance minister of threatening people in financial difficulty.

Steingrimur J. Sigfusson ,Icelands Finance Minister,says its a serious matter and irresponsible to encourage people to not pay their debts sínar.ing loans for twoo weeks.

Next october 1st the Home Interest group is going to incurage people to stop paying their loans for two weeks.
That is to put pressure on the goverment and banks, to take action, and help the public.
Assets have decreased in value and loans increased.
Even though people can pay their loans, many see that they can never own their house or car, due to the loans increase.
The goverment is helping companys and big shareholders ,who got big loans ( bullet loans ) before the Banking crisis,but after the banking crisis, did not have to pay their loans.
To connected,the political parties and Bank Managers.

People do not see why they should pay ,when the goverment ,wich promised last spring to help families, has forgotten its promise to the public.

The President of Iceland ,signed today ,the Icesave agreement ,that the Icelandic parliement agreed to last friday.
Icelandic bloggers are not happy with that ,and on Icelandic blog pages,people have been telling what they think of that.

Photo: Mr. Ólafur Ragnar Grímsson ,the President of ICeland

Tuesday, September 1, 2009

Economy in Iceland - video

There are currently about 15,700 people unemployed in Iceland.
News received almost daily from people stopping to pay or want to stop paying of their loans.
Gunnar Sigurðsson, Director and Atli Steinn Gudmundsson, a newspaper man at visir.is, have both stopped paying their loans .
Here is a little video song about Iceland.