Douglas Wolk, a sometime Reader contributor and the author of Reading Comics: Graphic Novels and What They Mean, is in Iceland–“the epicentre of the past week’s financial crisis”— for the Iceland Airwaves music festival. He reports: 

I went into the country’s only comic book store today to ask what day they get new stuff in. They said “well, it’s normally Monday, but . . . I don’t think we’re going to be able to stock any new releases for the foreseeable future.”

 

He was responding to a blog post by an Icelandic marketing consultant (h/t Don Smith): 

. . . And it happens at the worst time of the year, when the nights are getting longer and longer. In December we have 20 hours of complete darkness. That will be a very tough month. Suicides are already being reported.

The minister of education, Þorgerður Katrín Gunnarsdóttir, has sent an email out to all schools in the country with some guidelines on how to react. In the television ads are running reminding people that the most precious things in life – are free! Helplines have been opened. And people are being reminded that if you’re not one of those going broke, keep on spending like normally. The economy really needs it. . . .

 

How did Iceland get in so much trouble, even though its banks “prudently avoided the subprime market”? Here’s that New Yorker story you didn’t read in April.