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: Dilbert, the Onion and even Paul Bernanke all called the current economic crisis long before it happened, though in very different ways. If the 20-something writers at the Onion saw this coming, why not the Fed?

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The Best Links:

1. Bush: ‘Our Long National Nightmare Of Peace And Prosperity Is Finally Over’
2. “Taxpayers will give us money so we can build overpriced products to sell to taxpayers!”
3. Bernanke’s 1980s Computer Model Predicts Crisis

BUSINESS BUZZ: Bill Gates’ recent call for a “kinder capitalism” meets skepticism online. “We have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well,” he told listeners at Davos. Will the Invisible Hand bring basic sanitation to the slums ?

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The Best Links:

1. “Kinder Capitalism” Does Have a Nice Ring to It
2. Creative Capitalism Also Kind to Microsoft’s Pocket Book
3. Are Market-Based Solutions Realistic Ways to Reduce Poverty?
4. Will This Just End Up Like Compassionate Conservatism?
5. 2 Reasons “Creative Capitalism” Makes Little Or No Sense
6. Bill Gates Delivers His Speech About Creative Capitalism
7. Capitalism Is Already Creative!