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Economics and Investing:

From Vanity Fair, on Iceland’s financial rise and fall: Wall Street on the Tundra [1] (HT: Sharon)

Flagler County, Florida, had the state’s highest jobless rate: 16.8 percent [2] (HT: F.G.)

Items from The Economatrix:

Federal Salaries Targeted As Private Sector Pay Stagnates [3]

Skies Darken For Bernanke Nomination [4]

Luxury Retailers Look To State Christmas Comeback [5]

What People Are Splurging On [6]

Tech Stocks Pull Market Out Of 3-Day Slide [7]

7 US Banks Seized, 2009 Total Now 140 [8]

66% Americans Not Confident Their Children’s Lives Will Be Better [9]

Greenspan: Threat To U.S. Fiscal Stability Larger Than Ever [10]