According to a new report released by Statistics Iceland on household finances of Icelanders [PDF link] 10.1% of households were behind on mortgage or rent payments in 2012 and 10.4% of households were in arrears with other loans during the same period. Moreover, in 2012, 48.2% of houses identified as having difficulty making ends meet, with 36% of households unable to cover unexpected expenses that were to arise.
While these figures don’t bode well for the financial health of Icelanders, the statistics point to a slight improvement over the state of households in 2011. More than 50% of households had reported having a difficult or very difficult time making ends meet in 2011. Arrears on mortgage and rent payments have remained stable over the course of 2011 and 2012, but arrears on other loans have decreased year-over-year. Single parents are more likely than other household types to be experiencing financial difficulties. Comparing single-person households, single men are more likely to be in arrears than a household run by a single woman. The study was conducted by a survey of 3,091 households around Iceland over a three-month period of March through May 2012.
The follow-up to Björk’s 2011 album ‘Biophilia’ will be co-produced by Brooklyn based Venezuelan artist Arca, reports Pitchfork Media. Arca has previously collaborated with Kanye West on his album Yeezus and FKA Twigs on EP2. Björk’s last album Biophilia has far surpassed the boundaries of a simple studio album and by embracing new technology has found its way into Nordic school curriculums and been the inspiration for a film which recently premiered at Manchester International Festival.
A thousand litres of the Christmas beer, Þvörusleikir (named after Icelandic Yule Lad “Spoon Licker”), was poured down the drain at Borg Brugghús in recent days, reports Nútíminn. Árni Long, Borg Brugghús (Borg Brewery’s) master brewer told Nútíminn that he would not distribute a beer he was even a little unsatisfied with. “This is obviously a tragedy for beer enthusiasts like us,” said Árni. “But at the same time it’s something you must learn to tolerate as master brewer for an innovative brewery. These 1.000 litres of Christmas beer simply did not measure up to the standards we set for [our
Minister of Foreign Affairs, Gunnar Bragi Sveinsson, has said women will be included in the UN Conference on women after all, but it remains unclear exactly how they will be included, reports Newsweek. As reported yesterday, Gunnar Bragi announced in a speech at the UN General Assembly that Iceland in cooperation with Suriname was planning to host a “Male Only” UN conference inviting male leaders worldwide to discuss violence against women and other women’s issues. The news was met with a barrage of criticism with people wondering why Iceland, a global leader in gender equality, would purposely exclude women from a
After failed attempts at negotiations with State authorities, surgeons at the national university hospital Landspítalinn will vote, later this week, on a potential strike. The strike action would commence in two weeks and postpone 150 operations each week. 5,000 people currently await operation, according to RÚV. In case of a strike, surgeons would still do emergency operations. Minister of Healthcare, Kristján Þór Júlíusson, has said that he supports the surgeons’ demands and will discuss the matter with Minister of Finance, Bjarni Benediktsson.
Healthcare Minister Kristján Þór Júlíusson has proposed that the State sell some assets to finance the construction of new hospital building. In a radio interview broadcast by RÚV Wednesday morning, he stated: “We should proceed by transferring assets that belong to Icelanders in common to another form of ownership, in order to be able to reconstruct our national hospital, as everyone agrees we must do.” As journalist Jóhann Hauksson already pointed out, in pre-2008 Icelandic, ‘transferring assets to another form of ownership’ would have been simply called privatization. The Minister evaluates State assets at a total neat 1,000 billion ISK,
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