Link: http://www.guardian.co.uk/world/2008/...

Iceland — named the world’s best country to live in by the U.N. last year — is facing total financial ruin in the fall-out from the global credit crisis. Residents are hoarding food and the currency is now rated just above Zimbabwe.

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BUSINESS BUZZ: Some of the best online explanations of why the financial world is currently going to hell. These are the clearest, cleanest descriptions I’ve found so far of what’s going on with the financial crisis: how it started, how it got this bad, and what it might mean. Please add links you’ve found helpful.

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The Best Links:

1. The 2008 Credit Crisis Blame Game: The Contenders
2. A Quick, Clear Definition of the Subprime Lending & Resulting Credit Crisis
3. The $700 Billion Bailout: You’re Paying $5,200
4. This American Life: The Giant Pool of Money
5. NPR: Planet Money