A Grapevine service announcement Pay attention: Holuhraun, still spewing lava. Bárðarbunga, still sinking.

Huang Nubo Just Wants It To End

Published December 5, 2012

Chinese entrepreneur Huang Nubo no longer cares about the ultimate outcome of his proposed land deal in Iceland, and believes prejudice has hindered his plans for development.
As reported, the Icelandic government has rejected Huang’s application to lease Grímsstaðir á Fjöllum, comprising about 30,639 hectares in northeast Iceland, citing “insufficient information.” Huang expressed confusion at the response in a recent interview, saying that he was growing “angry and annoyed” by the situation.
Xinhua now reports that Huang just wants a conclusion to the situation, whichever way it goes.
“The final result is not important anymore,” he said in reference to his propsed luxury tourist resort for Iceland, and said that “he hopes to get a clear-cut answer from Icelandic regulators instead of following reports in local media.”
Huang also said he believes anti-Chinese prejudice is at play, saying, “I did not get the fair treatment that an invited foreign investor is entitled to there.” It should be noted that Icelandic law forbids any foreigner from outside the European Economic Area from owning land in Iceland.
Xinhua also said that, “Although Huang denied being part of any government scheme and insisted that he simply wanted to develop his tourism business, criticisms of the plan have taken on a geo-political flavor, fearing the resort could be used by China to gain a strategic foothold in Iceland. Huang attributed the prejudice to an anti-China ideology and rising trade protectionism.”
Huang said in his Bloomberg interview that he does not know what additional information the Icelandic government requires, and is waiting for them to specify.



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Geir Haarde Lands Washington D.C Ambassadorial Post

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Former Prime Minister of Iceland, Geir H. Haarde, has landed a pivotal ambassadorial post in Washington D.C, reports RÚV. Geir is most known for being prime minister during Iceland’s 2008 economic meltdown. In 2010, parliament voted in favour of Geir standing trial for negligence and mismanagement while in office. Geir was eventually found guilty of one of the four charges of negligence levied against him. As reported, the charge was that he either knew or should have known that he had to respond in some way to the information he had been receiving that the economy was unstable. Prosecutor Sigríður

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Tax Committee Chair: “No Choice” But For Government To Buy Tax Evasion Evidence

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Murder In Breiðholt

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Volcano Watch: Lava Field Bigger Than Lake Mývatn

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The lava field created by the Holuhraun eruption is now 44.5 square kilometres, reports RÚV. By comparison, Lake Mývatn is 37 km2. Seismic activity continues to be strong with as many as 60 earthquakes reported in the Bárðarbunga area on Saturday. The largest earthquake reported yesterday had a magnitude of 5.2 and the subsidence of Bárðarbunga caldera continues. Since September 12, the caldera has subsided by 7 metres and the subsidence has now reached the caldera’s half-way point. Iceland’s Civil Protection and Emergency Management services have closed roads in the Northeast, north of Dyngjufall as well as some roads out

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