Iceland exits recession

From The Guardian.

Iceland's decision two years ago to force bondholders to pay for the banking system's collapse appeared to pay off after official figures showed the country exited recession in the third quarter.

The Icelandic economy, which contracted for seven consecutive quarters until the summer, grew by 1.2% in the three months to the end of September...

Jim Rogers: 'I Would Abolish the Federal Reserve and Resign.'

That was his answer when asked what he would do if he was in Mr. Bernanke's seat tomorrow morning.