Iceland's last non state-owned bank is nationalised, with subsidiaries shut down in Finland, refusing to pay depositors in the UK and in adminstration in Luxemberg. Iceland has had to shut down trading on the stock market to stop panic dumping, and has become one of the most state run economies in the world. For everyone who wondered what true worst case is, this might be it (saving the Weimar scenario, but the US is too sane for that).
posted by jaduncan on Oct 9, 2008 - 74 comments

After the president of Mexico introduced his bill, legislators stormed and barricaded the podium in the House; Senators began fasting in protest. The occupation continues after 2 weeks, with opponents camping out and padlocking the doors of Congress, aiming to run out the clock until adjournment on April 30th. Mexico's top electoral body ordered a TV ad (comparing opposition leader Lopez Obrador to Hitler) off the air. Here in the U.S., little notice: the WSJ calls this "heated debate." [more inside]
posted by msalt on Apr 25, 2008 - 18 comments