GOOD DAY FOR: Unfreezing assets, after the International Monetary Fund and four Nordic countries gave bankrupt Iceland a combined $4.6 billion in emergency loans. The IMF’s $2.1 billion and the $2.5 billion from Sweden, Norway, Finland, and Denmark will help Iceland recapitalize its banking sector and shore up its currency. Even with the bailout, Iceland’s economy is expected to contract at least 10 percent next year. (Bloomberg)
BAD DAY FOR: Alaska SUV owners, as the average price of U.S. gas fell to just over $2 a gallon Thursday, in its 64th consecutive daily decline. Gas is selling below $3 a gallon in every state but Alaska, and 23 states have sub-$2 gas, with Missouri the cheapest, at $1.72 a gallon. (CNNMoney.com)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
What is cloud seeding and did it cause Dubai's severe rainfall?The Explainer The future is flooded
-
American Airlines pilots are warning of a 'significant spike' in safety issuesIn the Spotlight The pilot's union listed 'problematic trends' they say are affecting the airline's fleet
-
6 star-spangled presidential libraries to visitThe Week Recommends These institutions provide insight into American leaders
