Member Submitted/Breaking News

According to the Globe and Mail tiny Iceland, "is looking longingly to the loonie as the salvation from wild economic gyrations and suffocating capital controls...And for the first time, the Canadian government says it’s open to discussing idea. There’s a compelling economic case why Iceland would want to adopt the Canadian dollar. It offers the tantalizing prospect of a stable, liquid currency that roughly tracks global commodity prices, nicely matching Iceland’s own economy, which is dependent on fish and aluminum exports."

The parliament called on Iceland’s government to acknowledge the independence and said that the Palestine Liberation Organization is the legitimate representative of all the Palestinian people, according to the motion.

Iceland's most active volcano, Grimsvotn, has started erupting, scientists say. The volcano, which lies under the Vatnajokull glacier in south-east Iceland, last erupted in 2004. In 2010, plumes of ash from Iceland's Eyjafjallajokull volcano caused weeks of air travel chaos across Europe. Officials say the latest eruption is unlikely to cause similar problems, although a flight ban has been imposed around the area. Volcanic eruptions are common in Iceland, which lies along the Mid-Atlantic Ridge that divides the Eurasian and North American continental plates. Icelandic Meteorological Office geologist Hjorleifur Sveinbjornsson told Reuters that Grimsvotn had thrown a plume of white smoke about 15km (nine miles) into the air. "It can be a big eruption, but it is unlikely to be like last year," he added. Iceland's Isavia airport authority said a flight ban of 120 nautical miles had been imposed around the area.

Iceland is free. And it will remain so, so long as her people wish to remain autonomous of the foreign domination of her would-be masters — in this case, international bankers. On April 9, the fiercely independent people of island-nation defeated a referendum that would have bailed out the UK and the Netherlands who had covered the deposits of British and Dutch investors who had lost funds in Icesave bank in 2008. Read more at NetRightDaily.com: http://netrightdaily.com/2011/04/iceland-declares-independence-from-international-banks/#ixzz1L20JJDBS

From the "Forgotten but Still Relevant News" department ... this 13 Oct. commentary references recent signs of increased seismic activity around the powerful Katla volcano, known to erupt shortly following the weaker Eyjafjallajökull (which had its own significant impact on transportation and economies this spring). The original source ("Iceland Volcano and Earthquake Blog") is linked in the article.