Global Economic Crisis

Icelanders knit crafty response to global crisis

"At least there's a silver lining," says Sara Eysosdottir, owner and head designer of the psychedelic clothing store Naked Ape. "Because of the exchange rate, more foreigners are coming here, and they're buying what we've got in the stores: local design.

"And in a sense, the financial collapse has gotten young people busy," Ms. Eysosdottir says. "They have realized that they can't just be on Facebook all day; that if they want to survive, they're going to have to use their creativity and start making things to sell."

The upside to the current economic crisis is that people are getting crafty - not only finding new ways to save money but digging into old skills to make new money. I don't think there fortunes to be made here but some things are more precious than gold.

CNBC’s Jim Cramer on Obama: greatest wealth destruction ever

It's been an interesting media week. Rush Limbaugh is being targeted by White House/Democratic insiders and they are, basically, acting like bullying school boys. Limbaugh brought this on himself, but the childishness is reaching new lows. Now Cramer has done an about-face on his Obama-worshipping of last year and has declared that the President has “basically put a level of fear in this country that I have not seen ever in my life.”

Hm. I would argue that was the previous administrations gift to America.

Will the media ever engage in worth-while debate? Are they ever going to get past mud-slinging and deal with real-life issues?

Probably not.