this is the story of the meltdown of iceland, the economic collapse of the country and we will publish it on the one year anniversary on the collapse, the 27 and it is a fascinating insight story of greed, over reach of all of the things that happened in this country happened in iceland but they are understandable in microcosm, and i think that is what is going to make this story so fascinating. >> you said you've been with lubber since 1993. how has the publish industry changed since then? >> well, it's changed in almost every way and yet it has a. that sounds contradictory, but the marketplace has changed enormously. obviously. in 1993 even the chains were not nearly as dominant as they are. amazon hadn't even been invented and the price clubs and airport shops that sell so many books today sold practically non. so the outlets for books has multiplied geometrically in the last 15 years. in terms of publishing it is still all about getting good writers to do good work, and then finding media outlets for them. the media has changed a lot particularly the last five years as there are fe

. >> upper 80's today, good chance of strong to iceland is severe thunderstorms again tonight, afternoon and early evening and will be that all week. this fiber? i'd had my fill. then i found miralax. and miralax relieves constipation with no bloating, no excess gas, no taste, no grit. you'll see. it's clearly different. announcer: restore your body's natural rhythm with miralax. f@ >>> there

this would only require legislation in this parliament at the time of a theoretically croatia or iceland application? >> i don't know which the country will be. >> but several years down the line to make it depends when that secession happens but the agreement is that would be attached to the next trading and that is a clarification of ireland's position in relation to the your opinion but it doesn't fundamentally change to the lisbon treaty at all. >> thank you kim and thank you very much, this is but a session of extremely good questions and answers but there's one question outside the same that is asking at the end of pierre out of. >> prime minister, when you have your real when is on your reading list? [laughter] >> i seem to have read a few selections of their reports, but i would prefer to read fiction and. [laughter] >> thank you very much, prime minister. order, order. >> associated press is reporting a couple of senators announcing how they are going to vote on a the nominee for the supreme court. if they are reporting that senator olympia snowe voted yes in the minority leader

we meet in iceland at a conference on foundational questions. senior vice president of the john templeton foundation with an oxford doctorate on cosmology and time, chuck pushes boundaries in science and theology. >>in looking at a question like, "what is the cause of the universe, it is probably wise to deal with it more complexity than we are accustomed to. we can take a lesson from aristotle a long time ago. aristotle taught that there are multiple causes to say...take an example of a table - he would say that there is a material cause, that is often wood. the wood is the cause of the table. knock on it and that is the material cause. but there is also a cause which would be what he would call the efficient cause, what causes the table to come into existence. that would be a factory. the people that made the table at a certain time and a certain place. that is the efficient cause. then there is the formal cause of the table. what causes the form to be. at the factory there is a...there are settings, there are blueprints, there are plans for t

iceland announced a $2.1 billion plan to recapitalize its banking sector. three new banks will receive fresh new capital. creditors of the old banks will be offered majority equity stakes in the new banks. the deal is the latest in a series of steps aimed at restoring trust in iceland's national system and restoring its economy. >> here an update on the jakarta blast. police confirmed that the twin attacks on two luxury hotels mirrored previous bombings by the militant jemaah islamiyah group. firms are trying to reconstruct the bombings. under the shadow of the bombings, asian foreign ministers met on sunday, ahead of thursday's regional forum. the biggest security dialogue. >>> meanwhile, indonesia's trade minister said the bombings won't have an impact on the country's economic outlook. don't miss our live interview next hour. >>> elsewhere in china, the $200 billion sovereign wealth fund is buying 40% of citic capital. it's around $258 billion u.s. a formal announcement is going to be made this week. citic is opened by citic international holdings. >>> t

iceland puts $2 billion into collapsed banks. three institutions will be recapitalized after their economy tank last year. david jolly rights -- iceland took an important step in rebuilding tattered financing and unlocking more aid. recapitalizing three banks and giving control of three to creditors. iceland trying to jump-start their economy and make a difference. ron is our next caller on the independent line calling from vermont. caller: i am not all that optimistic, and the reason is, is because it is really the same system. it is not that the numbers go up and down, but what is behind it. the sec and the commodities futures trading board at this point cannot be trusted, even though the president offered some reforms. congress has not acted on it. we lowered our contributions only to the point where we still get the company match, but no more than that. basically for every dollar i put in, the company matches. i still have something that's hitting up, the company contributions, but i will not give any more. host: if i could k

willing to tell you that europe banks are far worse than american, and i think that irish banks, iceland banks and swiss banks are all sell, sell, sell. let's go to steve in pennsylvania. >> boo-yah from huntington valley. >> huntington valley. i think this guy is -- this is not a first-time caller, this fella. i think we've had had steve on the show. am i right, steve? >> you are correct. >> absolutely. what's up? >> i got a question for you, jim. >> fire away, chief. >> all right. are bank stocks a good long-term play considering they're being propped up by our government and their costs are going to go up? >> steve, you sound like one of them congressmen that was talking today. that's an impressive lot, those guys. jim, don't do that. your mom will get mad at you. okay, listen. you know what? let's talk about goldman sachs. i do genuinely believe that not everybody is ripping off the government, that the government did well in t.a.r.p. i have a solution later on that i'll give you. what do we want? do we want -- here's a question. do we want every bank to be citigroup? is that what we

so if you look at what went wrong with icelandic banks in the uk, for example.at the retail level, they participated in the deposit insurance scheme of the uk and that fook care of people with deposits below the uk limit. the problem is other uk citizens and they obviously got into a nasty fight with the british government about what assets all of those icelandic banks will be used to settle up those debts. what you are pointing to is what implicitly came out of this, which is the accomplish government felt they had -- they could claim a lot of these icelandic assets. they threatened to use antiterrorism legislation to do it. that's where this is heading unless and until the united states impose these limits. >> if we're going to limit too big to fail, means too big to exist, can we do that just for depository institutions and/or their holding companies, or do -- if we're going to protect the american people from both systemic risk and the risk of being called upon to make a bailout, do we need to apply it to entities other than banks? >> i think you have to app

the best value is iceland. they have had a major financial mess. the result is the dollar is almost twice as strong as a year ago. you can get a value vacation there. i was in england and amazed how cheap it is there. it is 25% stronger against the pound than last summer. australia and new zealand other bargains where the 35% stronger than last year. so pick those destinations where the exchange rate is good and you will get a lot of volume for your -- value for your money. >> currency going our way. what about travel ideas. >> there are a lot of deals. the vacation shores rental company has a deal if you travel by july 17th they offer 30% off of all rentals. for the rest of the summer if you rent a place for more than ten people you get three nights free with four nights paid. but in general renting condos and houses is a good idea in the summer. people who own the homes privately are desperate to get the presential income and may be willing to make a deal where in the past they never were. >> cruises can be a bargain but this year they are crazy

in iceland our currency is worth twice as much as it was last year. now really affordable. all these things, if you can travel, this is a great time to be a traveller and take to my boss. more vacation time. >> that's right. we all need it. >> genevieve, thanks so much. >>> the boy wizard's wowing them at the box office. we'll see how harry potter's big payday ranks among other opening weekends. you're watching msnbc sunday. >>> good sunday morning to you. i'm meteorologist bill karins. we're watching storms down in florida. saturday wasn't the best and your sunday forecast is going to be similar in orlando, all the way up to daytona beach. the rest of the country looks great. new york to boston, d.c., a nice sunday for you. still a little cooler than we'd like in chicago -- only 72. heat continues out west. have a great weekend. progressi. call or click today. >>> the multi-billion dollar potter franchise is getting bigger. in the u.s. weekend movie sales topped $107 million in tickets. overseas, $45 million. harry potter an the half blood prince is the new number one movi

we have a strong presence in iceland, strong presence in norway. and some presence in europe. the weakening of the dollar is really hitting us substantially because our material is traded in dollar where our costs are very often in those local currencies. >> where are you in terms of the worries about inflation? people wonder whether or not the policies coming out of the federal reserve will eventually lead to inflation. do you think that's the possibility? >> yeah, i think that's -- i mean, on a mid term it's unavoidable. but at this point in time we still have quite a bit of capacity overhang, which is putting pressure on pricing. you will actually see deflation first. and the big question is when the deflationary scenario, which we still have today, when is it going to flip over to an inflationary scenario? that's the big question. but eventually inflation will be part of the solution of what's currently going on. >> there's a cover story in "newsweek" this week that says the recession is over. but hopefully, you're ready and prepared for the recovery. is this going to be a

remember iceland? >> yeah. >> they are coming back. the arctic abeesa. nonetheless, they are coming back. their unemployment is below the average in europe. their exports are up, would you believe that? and their growth -- well, they will shrink by less than ireland. >> it's a remarkable country. >> wow, karl brownstein got married in ireland. that's a long story. >> yeah, you had to be there. >> erin, thank you so much. >> thank you, erin. >> iceland is back. >>> coming up, courtney hazlett with this weekend's box office results. animation is taking over. >> oh, okay. hi, i'm john. all: hi, john! going to college and need a laptop. what do you got? you, in the top corner. our next class laptops could be perfect for you. we got student feedback and designed them specifically for college. are they legit brands, though? boom! we partnered with hp, toshiba, sony and dell. okay. uh, what's the square root of 841? 29. announcer: laptops designed for college and thousands of people eager to help. >>> ♪ >> oh. [ speaking spanish ] >>> what ju

the whole world is turned against us because of this tv show and i am hearing rumblings that iceland has a new prime minister thinking seriously about what whaling anymore. who knows in the next few years that might end and paul watson would be a big part of that for sure. that's a good discussion and a good argument but i don't know if i am totally sold on the question on what is effective and what's not. i think it's kind of case by case anyone else? if you can please then we can hear. >> i'm just thinking about what you said about paul watson being a part of a whaling gets shut down and i obviously loved his work but he's been doing that for a long time. it would seem to me that animal planet would have an awful lot to do with it if paul watson -- if whaling gets shut down and i am just wondering in your opinion how much [rollcall] the media play in changing things like the way animals are treated, whaling, biomedical research which isn't to hate because a few in life and that kind of thing. thank you for doing what you do and i'm wondering how you could see things going that way.

you can see with the yellow dots from brazil to iceland over to kazakhstan, over to japan, you can check out the website on healthmap.org. you can see where all the cases have popped up. >>> well, beginning tomorrow some 240 human volunteers in australia will act as guinea pigs for the new swine flu vaccine. they'll get two shots over the next three weeks. doctors will be testing their blood to see if the vaccine produces the right immune response. researchers say if not, they'll tweak the vaccine until it does. so far the virus has hit more than 98,000 people worldwide. >>> well, the man with his finger on the pulse of america's money the words americans have been waiting for. will you actually see a difference? is the price you pay.he t get a 2009 pontiac vibe for $13,708 after all offers. or get 0% apr for 60 months on most 2009 pontiac models! all are backed with the best coverage in america, including a 5 year/100,000 mile powertrain warranty. get some excitement while you still can, during the pontiac summer closeout. visit pontiacdealer.com you're not like everybody else -- just a

he is a man of accomplishment, having been born in iceland, came to america, raised -- in henderson, where i was raised. came, actually, from having nothing to being a wealthy man now, a prominent businessman. one of norm coleman's biggest supporters around the country was sig rogich. he was part of the tuesday team of the famous media that was developed for ronald reagan. he was a -- worked in the white house for the first president bush and as a is a very close, personal friend of the first president bush and is well known and part of the second bush team knowing him very well. my understanding sig rogich's relationship with norm coleman is one that they were friends and that speaks well of both of them that they have such high-quality friends. norm coleman and his relations with me, mine being a democrat, his being a republican, were always very, very good. we spoke to each other often. he was always very courteous and always a gentleman with me. i never heard him say a negative word about me, and i can't ever recall ever saying anything negative about him. and to show that he did

he joins us from iceland. i want to ask you, there seems to be two schools of thought.here are people who seem to think it's appropriate to remember michael jackson on the icon he was and remembering the impact he had on this culture in this huge way is what he wanted and there are others including his own really close friend liz taylor who said i'll be doing my mourning privately. that's what michael would have wanted. what is your reaction to this huge circus that is going on here. >>> kiran, a prescription drug problem contributed to his demise, his drug of choice, fame. he was never able to cope with the superstardom that was conferred upon him. who would have known that we could have learned from that and given him a quiet service to say good-bye. instead we have a circus that does not capture who he was as a man at all. it captures his iconic status. he was never known for that. he wanted to know for his small acts of virtue, acts of kindness. the reason he was so burned out and lethargic was he was most famous person in the world but he wanted to consecrate his k