Ash-stranded 2,000 kilometres from home – Tuesday update

April 19, 2010

* 1600 euros the quoted fare for taxi from Barcelona to Perpignan

* Train from Perpignan cancelled, but we blag our way on to Paris-bound service

* Chaos in Calais

Original post: “We’ve gone on holiday by mistake!”

That quote from “Withnail and I” has been rattling around my brain for the last few days as I’ve looked for a way to complete the 2,000 kilometres (1,243 miles) or so from the small town I’ve been staying in south of Valencia, Spain, and my home in London.

from Global News Journal:

Should Norway bail out Iceland?

March 2, 2010

icesaveWhile not exactly pocket change, Iceland’s $5.5 billion Icesave debt to Britain and the Netherlands amounts to just 1.2 percent of the value of Norway’s offshore wealth fund. For Iceland, it's more than $15,000 per citizen.

from Global Investing:

Who gets the last laugh?

January 23, 2009

Public critisicm may be heating up against banking executives being rewarded with huge bonuses despite taking too much risk (especially ex Merill Lynch head John Thain who requested a bonus and spent $1,405 on a garbage pail during a $1.22 million renovation of his office).

from Global Investing:

And the next Iceland is…

January 23, 2009

If there's one thing you don't want to be, it's the next Iceland.

Since its currency, colossally indebted banking sector and economy collapsed in spectacular fashion in October, the country has become a byword for an economy that has truly hit the rocks.