Icelanders go to the polls this weekend to decide whether to pay the debts of a failed bank. Planet Money's David Kestenbaum is in Reykjavik, and he spoke with Renee Montagne.For more: Read our post, "Should I Pay For Bankers' Mistakes?" Copyright 2011 National Public Radio.
Japan's central bank dumped a massive amount of money into the country's economy today in an effort to prevent a financial panic.The bank's message, according to Marcus Noland, an economist at the Peterson Institute for International Economics:We're going to backstop this thing.
The man responsible for averting another global economic meltdown has a small frame. He scribbles every other word and number he speaks onto a pad of paper. And he’s got a really good name for the job.“Angel,” he says. “I don’t know how to pronounce it in English.