Britain the next Iceland?

At Foreign Policy, David Kenner says it's quite possible the UK economy will implode as badly as Iceland's. A holding of foreign debt twice that of the total British annual economic output, combined with the EU expecting the British economy to contract nearly 3 percent this year, puts it atop a five-country sick list.

Latvia, Greece, Nicaragua and Ukraine round out the list. Read why.

Just a small lie about Nicaragua and Ortega

The AP article talking about Daniel Ortega’s apparent return to power in Nicaragua says this:

He then allied the country with the Soviet Union and U.S. President Ronald Reagan firmly backed Contra rebels in Nicaragua as Central America became a Cold War battleground.

Ortega did no such thing. Now, he aligned himself with the Soviets, that’s certainly arguable. But, that’s different than allying with them