Bloomberg Iceland is preparing for a deeper recession this year amid dropping tourism arrivals and a disastrous fishing season, central bank Governor Mar Gudmundsson said. “We are prepared for the possibility of a deeper recession, and the numbers we are getting on tourist arrivals seem to indicate that that may happen,” Gudmundsson said in an interview on the sidelines of ...

That the Democrats’ two evenings of dueling oratory snippets are called “debates” validates Finley Peter Dunne’s prediction that “when we Americans are through with the English language, it will look as if it had been run over by a musical comedy.” Already a linguistic casualty of the campaign is the noun “socialism.” So, quickly, before Vermont Sen. Bernie Sanders’ campaign ...

The new central-banking toolkit looks a lot like the old one. European Central Bank (ECB) President Mario Draghi drew President Donald Trump’s ire after remarking that he’s prepared to act forcefully to combat slowing growth and receding inflation. What was remarkable about Draghi’s comments – beyond the fact that Trump even paid attention to them – is how undeterred he ...