Economics and Investing:

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

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

Items from The Economatrix:

Federal Salaries Targeted As Private Sector Pay Stagnates

Skies Darken For Bernanke Nomination

Luxury Retailers Look To State Christmas Comeback

What People Are Splurging On

Tech Stocks Pull Market Out Of 3-Day Slide

7 US Banks Seized, 2009 Total Now 140

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

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