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2008 In Iceland
The following lists events that happened in 2008 in Iceland. Incumbents *President – Ólafur Ragnar Grímsson *Prime Minister – Geir Haarde Events May * May 29 - A strong earthquake measuring 6.1 on the Richter scale strikes Iceland near the town of Selfoss. September * September 29 - The government of Iceland takes control of the country's number three bank, the struggling Glitnir Bank. October * October 7 - Subprime mortgage crisis ** Russia agrees to provide Iceland with emergency loans of 4 billion euros ($5.4 billion). ** Iceland's Financial Supervisory Authority takes control of troubled Landsbanki Bank. * October 9 - Kaupthing Bank, Iceland's largest bank, is nationalized by the country's Financial Supervisory Authority. * October 21 - Iceland's Kaupthing Bank fails to pay interest to its 50-billion-yen (US$493 million) bondholders in Japan. * October 29 - Danish-based low-cost carrier Sterling Airlines files for bankruptcy and stops all passenger flight ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008
File:2008 Events Collage.png, From left, clockwise: Lehman Brothers went bankrupt following the Subprime mortgage crisis; Cyclone Nargis killed more than 138,000 in Myanmar; A scene from the opening ceremony of the 2008 Summer Olympics in Beijing; the 2008 Sichuan earthquake kills over 87,000; a destroyed Georgian T-72 tank during the Russo-Georgian War; the Trident Hotel in Mumbai was the site of the November 2008 Mumbai attacks;a line of detritus in a backyard made during the December, 2008 resulting from the Kingston Fossil Plant coal fly ash slurry spill ; Poster in Pristina celebrating the 2008 Kosovo declaration of independence, Independence of Kosovo from Serbia., 300x300px, thumb rect 0 0 200 200 Subprime mortgage crisis rect 200 0 400 200 Cyclone Nargis rect 400 0 600 200 2008 Summer Olympics rect 0 200 300 400 2008 Kosovo declaration of independence rect 300 200 600 400 2008 Sichuan earthquake rect 0 400 200 600 Kingston Fossil Plant coal fly ash slurry spill rect 200 400 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iceland
Iceland ( is, Ísland; ) is a Nordic island country in the North Atlantic Ocean and in the Arctic Ocean. Iceland is the most sparsely populated country in Europe. Iceland's capital and largest city is Reykjavík, which (along with its surrounding areas) is home to over 65% of the population. Iceland is the biggest part of the Mid-Atlantic Ridge that rises above sea level, and its central volcanic plateau is erupting almost constantly. The interior consists of a plateau characterised by sand and lava fields, mountains, and glaciers, and many glacial rivers flow to the sea through the lowlands. Iceland is warmed by the Gulf Stream and has a temperate climate, despite a high latitude just outside the Arctic Circle. Its high latitude and marine influence keep summers chilly, and most of its islands have a polar climate. According to the ancient manuscript , the settlement of Iceland began in 874 AD when the Norwegian chieftain Ingólfr Arnarson became the first p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ólafur Ragnar Grímsson
Ólafur Ragnar Grímsson (; born 14 May 1943) is an Icelandic politician who was the fifth president of Iceland from 1996 to 2016.Official CV. He was previously a member of the Icelandic Parliament for the People's Alliance and served as Minister of Finance from 1988 to 1991. Since the end of his presidency, Ólafur has been serving as Chairman of the Arctic Circle, a non-profit organization, and as Chairman of the International Renewable Energy Agency's Global Commission on the Geopolitics of Energy Transformation. Early life Ólafur was born in Ísafjörður, the son of barber Grímur Kristgeirsson and housewife Svanhildur Ólafsdóttir Hjartar. He matriculated from Menntaskólinn í Reykjavík in 1962. From 1962 to 1970 he studied at the University of Manchester, obtaining a Bachelor of Arts degree in economics and political science in 1965 and a Doctor of Philosophy (PhD) degree in political science in 1970, thus becoming the first Icelander to earn a PhD in this field. He ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geir Haarde
Geir Hilmar Haarde (; born 8 April 1951) is an Icelandic politician, who served as prime minister of Iceland from 15 June 2006 to 1 February 2009 and as president of the Nordic Council in 1995. Geir was chairman of the Icelandic Independence Party from 2005 to 2009. Since 23 February 2015 he has served as the ambassador of Iceland to the United States and several Latin American countries. Geir initially led a coalition between his party and the Progressive Party. After the 2007 parliamentary election, in which the Independence Party increased its share of the vote, Geir renewed his term as Prime Minister, leading a coalition between his party and the Social Democratic Alliance. That coalition resigned in January 2009 after widespread protests following an economic collapse in October 2008. In September 2010, Geir became the first Icelandic minister to be indicted for misconduct in office, and stood trial before the ''Landsdómur'', a special court for such cases. He was convic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Iceland Earthquake
The 2008 Iceland earthquake was a doublet earthquake that struck on May 29 at 15:46 UTC in southwestern Iceland.. The recorded magnitudes of the two main quakes were 5.9 and 5.8 , respectively, giving a composite magnitude of 6.1 . There were no human fatalities, but 30 injuries were reported and a number of sheep were killed. The epicenter of the earthquake was between the towns of Hveragerði and Selfoss, about east-southeast of the capital, Reykjavík. It was the strongest earthquake to hit Iceland since the summer of 2000.. Characteristics Iceland straddles the mid-Atlantic ridge where the Eurasian and North-American tectonic plates move away from each other. Volcanic activity is common along such divergent boundaries but strong earthquakes are rare. In Iceland the ridge is somewhat off-set, creating two transform faults where plates move horizontally along each other. One is in the north of the country and one in the south; the strongest Icelandic earthquakes happen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Glitnir Bank
Glitnir was an international Icelandic bank. It was created by the state-directed merger of the country's three privately held banks - ''Alþýðubanki'' (Union Bank), ''Verzlunarbanki'' (Bank of Commerce) and ''Iðnaðarbanki'' (Industrial Bank) - and one failing publicly held bank - ''Útvegsbanki'' (Fisheries Bank) - to form ''Íslandsbanki'' in 1990. At the time, ''Íslandsbanki'' was the only major privately held commercial bank in Iceland. It was publicly listed on the Iceland Stock Exchange, in 1993. ''Íslandsbanki'' subsequently merged with FBA Icelandic Investment Bank in 2000. On 20 February 2009, in light of the Icelandic financial crisis, the bank’s name was changed back to the original Íslandsbanki. By 15 October 2009, it was decided that 95% of the new Íslandsbanki would be taken over by the creditors of Old Glitnir, while the government of Iceland would retain ownership of the remaining 5%. Ownership A third of the company was owned by Stodir. A large shar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subprime Mortgage Crisis
The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the Financial crisis of 2007–2008, 2007–2008 global financial crisis. It was triggered by a large decline in US home prices after the collapse of a 2000s United States housing bubble, housing bubble, leading to Mortgage loan, mortgage delinquencies, foreclosures, and the devaluation of Mortgage-backed security, housing-related securities. Declines in residential investment preceded the Great Recession and were followed by reductions in household spending and then business investment. Spending reductions were more significant in areas with a combination of high household debt and larger housing price declines. The housing bubble preceding the crisis was financed with Mortgage-backed security, mortgage-backed securities (MBSes) and collateralized debt obligations (CDOs), which initially offered higher interest rates (i.e. better returns) than go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russia
Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the world, with its internationally recognised territory covering , and encompassing one-eighth of Earth's inhabitable landmass. Russia extends across Time in Russia, eleven time zones and shares Borders of Russia, land boundaries with fourteen countries, more than List of countries and territories by land borders, any other country but China. It is the List of countries and dependencies by population, world's ninth-most populous country and List of European countries by population, Europe's most populous country, with a population of 146 million people. The country's capital and List of cities and towns in Russia by population, largest city is Moscow, the List of European cities by population within city limits, largest city entirely within E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kaupthing Bank
Kaupthing Bank ( is, Kaupþing banki; ) was a major international Icelandic bank, headquartered in Reykjavík, Iceland. It was taken over by the Icelandic government during the 2008–2011 Icelandic financial crisis and the domestic Icelandic based operations were spun into a new bank ''New Kaupthing'', which was subsequently renamed Arion Banki. All the non-Icelandic assets and debts remained with the now defunct Kaupthing Bank. Prior to its collapse it also allegedly loaned money to various parties with the purpose of buying Kaupthing shares. Prior to its collapse, Kaupthing Bank operated in thirteen countries, including all the Nordic countries, the Netherlands, Belgium, Luxembourg, Switzerland, the United Kingdom and the United States. It was seventh largest bank in the Nordic countries in terms of market capitalization. The bank had employed over 3,300 people with 36 retail branches in Iceland. As of 31 December 2007, the bank had a total assets of €58.3 billion ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north toward the East China Sea, Philippine Sea, and Taiwan in the south. Japan is a part of the Ring of Fire, and spans Japanese archipelago, an archipelago of List of islands of Japan, 6852 islands covering ; the five main islands are Hokkaido, Honshu (the "mainland"), Shikoku, Kyushu, and Okinawa Island, Okinawa. Tokyo is the Capital of Japan, nation's capital and largest city, followed by Yokohama, Osaka, Nagoya, Sapporo, Fukuoka, Kobe, and Kyoto. Japan is the List of countries and dependencies by population, eleventh most populous country in the world, as well as one of the List of countries and dependencies by population density, most densely populated and Urbanization by country, urbanized. About three-fourths of Geography of Japan, the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Denmark
) , song = ( en, "King Christian stood by the lofty mast") , song_type = National and royal anthem , image_map = EU-Denmark.svg , map_caption = , subdivision_type = Sovereign state , subdivision_name = Danish Realm, Kingdom of Denmark , established_title = History of Denmark#Middle ages, Consolidation , established_date = 8th century , established_title2 = Christianization , established_date2 = 965 , established_title3 = , established_date3 = 5 June 1849 , established_title4 = Faroese home rule , established_date4 = 24 March 1948 , established_title5 = European Economic Community, EEC 1973 enlargement of the European Communities, accession , established_date5 = 1 January 1973 , established_title6 = Greenlandic home rule , established_date6 = 1 May 1979 , official_languages = Danish language, Danish , languages_type = Regional languages , languages_sub = yes , languages = German language, GermanGerman is recognised as a protected minority language in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 In Iceland
The following lists events that happened in 2008 in Iceland. Incumbents *President – Ólafur Ragnar Grímsson *Prime Minister – Geir Haarde Events May * May 29 - A strong earthquake measuring 6.1 on the Richter scale strikes Iceland near the town of Selfoss. September * September 29 - The government of Iceland takes control of the country's number three bank, the struggling Glitnir Bank. October * October 7 - Subprime mortgage crisis ** Russia agrees to provide Iceland with emergency loans of 4 billion euros ($5.4 billion). ** Iceland's Financial Supervisory Authority takes control of troubled Landsbanki Bank. * October 9 - Kaupthing Bank, Iceland's largest bank, is nationalized by the country's Financial Supervisory Authority. * October 21 - Iceland's Kaupthing Bank fails to pay interest to its 50-billion-yen (US$493 million) bondholders in Japan. * October 29 - Danish-based low-cost carrier Sterling Airlines files for bankruptcy and stops all passenger flight ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
