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Study: More than half of pets overweight
REYKJAVIK, Iceland, Nov. 8 (UPI) -- Iceland's economic woes keep getting worse, observers say, noting the country's banks have failed and its currency has plummeted in the last month.
Now observers say widespread layoffs are expected, The New York Times reported Saturday.
The newspaper reported inflation in Iceland is at 16 percent and rising. The krona, a year ago, was at 65 to the dollar; now it's 130.
"No country has ever crashed as quickly and as badly in peacetime," said Jon Danielsson, an economist with the London School of Economics.
Until last spring, Iceland's economy had the fourth-highest gross domestic product per-capita in the world. Unemployment rates were between zero and 1 percent, but forecasts for next spring are as high as 10 percent.
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SAN JOSE, Costa Rica, Feb. 13 (UPI) --
A 6.1-magnitude earthquake shook Costa Rica Monday and could be felt as far away as Panama, officials said.
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Adele cleans up at Grammy Awards ... New Jersey funeral planned for Whitney ... 39 million watched Grammy Awards show ... 'The Artist' wins big at BAFTAs ... News from United Press International.
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ATHENS, Greece, Feb. 13 (UPI) --
Finance leaders in Europe say Greece has more to do to secure an international bailout loan that would stave off default when bonds mature in late March.
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STOCKHOLM, Sweden, Feb. 13 (UPI) --
Twenty-one percent of people in Sweden believe in ghosts and 20 percent said they have had a spiritual encounter, a newspaper survey indicated.
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