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...reliance on international capital markets. Analysts' opprobrium drove the krona down by 25% against the dollar over six months. Yet Iceland never defaulted on a single loan, signaling a disconnect between foreign perception and domestic reality. "We learned our lesson: we need to tell our story," says Árni Mathiesen, Iceland's Minister of Finance. "Other people are more likely to tell the wrong story or misinterpret...

Author: /time Magazine | Title: Cracks in the Ice | 5/29/2008 | See Source »

There was a pencil drawing of the late Count Bernadotte, laughing, and an oil painting (by the U.S.'s George Francis) of Surjit Singh, an Indian, who works in the Security Council Library and is famed for his pale pastel turbans. One picture (by Denmark's Olav Mathiesen) of a shy nude and a knight was called Chaucer-Woman in Bath; Mexico's Victor Manzanilla-Schaffer, of U.N.'s narcotics division, contributed an abstraction which looked like a one-eyed blob of ectoplasm, called Ritmo (Rhythm). Asked a wag: "What's that? It looks like...

Author: /time Magazine | Title: International: Island of Peace? | 11/7/1949 | See Source »

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