Mayor of Reykjavík Jón Gnarr nominated artist Yoko Ono as Honorary Citizen of Reykjavík today at a special ceremony at Höfði. Ono is currently in Reykjavík for the lighting of the Imagine Peace Tower.
The City Council Executive Committee of Reykjavík agreed unanimously last week to make Ono an honorary citizen of the city.
With the title, Reykjavík City Council wants to thank Ono for her “extremely valuable contribution to Reykjavík and for her lifelong work as an advocate for world peace and human rights and for choosing Reykjavík as a platform from which to spread her message,” as stated in a press release.
“Yoko’s contribution to peace and human rights issues in the world is unique. Imagine Peace Tower has been immensely valuable for Reykjavík,” Jón said.
Ono said it was an honor to receive the award. “It is indeed a great honor. John and I believed in Nutopia, which would make all of us citizens of the world. But inside the world, there is a land of our hearts that is shining with warmth, truth and beauty, called Iceland. Each time I visit the land, I am reminded of what is essential and therefore most important in life,” she said.
The basic idea of the Imagine Peace Tower is drawn from the common and intertwined careers of Ono and her late husband John Lennon and is about the international message of peace delivered through arts.
The Imagine Peace Tower was built on Viðey island in 2007 with support of Reykjavík City. The tower shines every year from Lennon’s birthday until December 8, the day of his passing in 1980. Ono joins a list of four other honorary citizens of Reykjavík: reverend Bjarni Jónsson (1961), ophthalmologist Kristján Sveinsson (1975), former President of Iceland Vigdís Finnbogadóttir (2010) and Icelandic artist Erró (2012).
Source: Icelandreview (www.icelandreview.com)
Iceland24, October 2013
Treasury Budget proposal in Iceland 2014
The Treasury Budget proposal for 2014 provides balanced Treasury operations for the first time since 2007. Stopping debt accumulation and achieving balanced public sector finances are the foundations of resilience.
The key objective of the budget proposal is to ensure improved living conditions for the people of Iceland. Real disposable income will rise by 0.3% in 2014 as a result of lower taxes. In addition, pensioners will benefit from increased social security system expenditures.
Over the next three years, the payroll tax will decline by 0.34 percentage points, providing firms with relief in the amount of ISK 3.8 bn by the time the changes have been implemented in full. In the long run, the payroll tax reduction will be of benefit to wage earners and will stimulate investment in the Icelandic economy.
The main element of fiscal policy is to reduce government debt, thereby reducing interest expense. The outlook is for a fiscal deficit of ISK 31.1 bn this year. This is substantially in excess of the estimate for 2013, which assumed a deficit of ISK 3.7 bn.
In the absence of targeted action, the fiscal deficit would have totalled some ISK 27 bn in 2014. Government expenditure will be reduced as a share of GDP through broad-based streamlining measures, decisions to abandon various recent projects undertaken by the previous government, and measures to cut interest expense.
Operating performance will also be improved through revenue-generating measures – in particular, the bank tax, which will be increased and will be imposed for the first time on financial undertakings in winding-up proceedings. Payments made by firms in winding-up proceedings will total an estimated ISK 11.3 bn in 2014, and total payments will amount to ISK 14.2 bn. This provides some scope for changes in focus, in line with the new government's policy.
Increased support for pensioners and safeguarding of children's benefits and interest cost rebates
The key objective of the budget proposal is to ensure improved living conditions for the people of Iceland. Real disposable income will rise by 0.3% in 2014 as a result of lower taxes. In addition, pensioners will benefit from increased social security system expenditures.
Over the next three years, the payroll tax will decline by 0.34 percentage points, providing firms with relief in the amount of ISK 3.8 bn by the time the changes have been implemented in full. In the long run, the payroll tax reduction will be of benefit to wage earners and will stimulate investment in the Icelandic economy.
The main element of fiscal policy is to reduce government debt, thereby reducing interest expense. The outlook is for a fiscal deficit of ISK 31.1 bn this year. This is substantially in excess of the estimate for 2013, which assumed a deficit of ISK 3.7 bn.
In the absence of targeted action, the fiscal deficit would have totalled some ISK 27 bn in 2014. Government expenditure will be reduced as a share of GDP through broad-based streamlining measures, decisions to abandon various recent projects undertaken by the previous government, and measures to cut interest expense.
Operating performance will also be improved through revenue-generating measures – in particular, the bank tax, which will be increased and will be imposed for the first time on financial undertakings in winding-up proceedings. Payments made by firms in winding-up proceedings will total an estimated ISK 11.3 bn in 2014, and total payments will amount to ISK 14.2 bn. This provides some scope for changes in focus, in line with the new government's policy.
Increased support for pensioners and safeguarding of children's benefits and interest cost rebates
- The budget proposal provides for ISK 5 bn in increased disbursements to recipients of old age and disability pensions and to social assistance programmes, due to various changes in these pensioners' entitlements.
- Social security system disbursements will increase by an additional ISK 3.4 bn next year because of an increased number of benefit recipients and indexation of benefits. Spending in this category will therefore rise by a total of ISK 8.4 bn.
- The increase in interest cost rebates for low-income homebuyers, which was due to expire at the end of the year, will be extended.
- The recent increase in children's benefits is protected, in line with the government's policy of supporting families with children. Children's benefits rose by 24% in the 2013 Treasury Budget. Total expenditures for children's benefits are estimated at ISK 10.2 bn in 2014, as opposed to just under ISK 7.5 bn in 2012.
First steps away from increased taxation on individuals and companies
- The tax rate in the middle income tax bracket will be reduced by 0.8%, bringing it closer to the lowest bracket.
- The combined percentage of employers' payroll tax and Wage Guarantee Fund contributions will decline by 0.1 percentage points. It will be cut by an additional 0.1% in 2015 and another 0.14% in 2016.
- The tax-free threshold for financial income tax on individuals' interest income will be raised by 25%, from ISK 100,000 to ISK 125,000.
- Value-added tax on disposable paper diapers will be reduced from the general rate of 25.5% to the lowest rate, 7.0%.
Further measures to assist households
- The ceiling for maternity/paternity payments leave will be raised to ISK 370,000, but plans to lengthen maternity/paternity leave will be abandoned.
- The “Allir Vinna” programme providing for reimbursement of value-added tax on labour related to construction and renovation of residential, vacation, and municipality-owned housing, which was due to expire at year-end 2013, will be extended.
- The tax-free threshold for children's income will be raised from ISK 104,745 to ISK 180,000.
- Stamp fees on loan documents will be cancelled.
Contributions to various investment projects
- Norðfjarðargöng tunnel
- Bakki investment in infrastructure and road construction
- Vaðlaheiðargöng tunnel
- Prison construction at Hólmsheiði
- General transport construction projects
Source: Ministry of Finance
Iceland24, October 2013
10 Icelandic Sagas you may not have heard of
Some of the richest and most interesting writings from medieval Europe come from one of its furthest corners: during the 13th and 14th century Icelanders began to write down the stories they had collected orally from previous centuries. These sagas would cover events in Iceland and elsewhere, going back to the days when the island was first discovered and settled back in the ninth century. They are stories of family feuds, outlaws and the occasional monster lurking somewhere the uninhabited stretches of the Iceland.
Many readers will know some of these Icelandic sagas, such as Egil’s Saga or Njal’s Saga, but the Icelandic writers penned dozens of these stories. Here are ten sagas that you may not have heard of, but offer a fascinating tale. All of these works are available in an English translation, but it maybe difficult to find a copy:
1. The Saga of Finnbogi the Strong – It follows the adventures of Finnbogi Asbjornson, a 10th century Icelander known for his great strength. It doesn’t look good for Finnbogi when his birth mother decides to abandon him shortly after he is born, but another family rescues the infant and raises him. As a child he begins to show his great strength – when Finnbogi 12 he breaks the neck of a bull, and a few years later he takes on a bear and breaks his back. In some ways the story is like Egil’s Saga, as Finnbogi faces various challenges in Iceland and Norway.
2. The Saga Of Gunnlaugur Snake’s Tongue - a classic love-triangle tale, where two men love the same woman. Being Icelanders they decide to settle it by a duel to the death. Click here to find the book on Amazon.com
3. Audun’s Story – a poor farmhand in Greenland decides to buy a polar bear and goes a journey to give it to the King of Denmark.
4. Magnus’ Saga – a short account of the life of St. Magnus, Earl of Orkney (1075-1116). Magnus is one of two earls who share rule over the Orkney Islands, but discord between them leads to battle, where Magnus is captured and executed. But that is the only the start of his story, as we read of the miracles performed by Magnus as he is declared a saint. There is also a longer account of his life.
5. Viga-Glums Saga – a struggle for power set in tenth-century Iceland, it features a ruthless chieftain named Glum who is determined to get his way, by legal means or by force. You can read a 19th century translation of this saga from the Icelandic Saga Database.
6. Heidarviga Saga – most of this story involves Bardi Gudmundson and the feud he has that gets more violent and leads to a bloody battle taking place on a moor in 1018. You can read a 19th century translation of ‘The Story of the Heath-Slayings’ from the Online Medieval and Classical Library.
7. The Saga of the Confederates – a kind of comedy saga, this story set in eleventh-century follows Odd and his father Ofeig. While Odd goes into business and becomes wealthy, his father remains a poor farmer. But when the eight most powerful chieftains of Iceland come together in a confederacy so they can legally outlaw Odd and take his wealth for themselves, it is Dad who comes to the rescue, using his wits to get his son out of trouble. You can learn more about the saga from the thesis: The Saga of the Confederates: Historical Truth in an Icelandic Saga.
8. Gongu-Hrolfs Saga – a romantic saga, where a Russian princess is doomed to marry the man who killed her father unless a young Norwegian warrior can rescue her. This story has everything – sorcerers, demons, dwarves and legs that are cut off and sewn back on! And yes, he gets the girl. Read more about it in History or fiction? Truth-claims and defensive narrators in Icelandic romance-sagas.
9. Svarfdale Saga – set first in Norway and Sweden, and then the Svarsdale region of Iceland, it follows three generations of a family who have feuds and need to gain revenge for the wrongs done to them. Similar to other family sagas, historians haven’t been particularly interested in this work as it lacks the style found in works like Njal’s Saga. You can read some of the proverbs and quotes from this saga at this site, including lines like: ”Someone who loses his gloves cannot be happy even if he gets another pair.”
10. The Saga of King Hrolf Kraki – a mythic saga, it is the story of King Hrolf, the ruler of Denmark from the 6th century AD. Similar to Beowulf, this story has wizards, berserkers and several interesting female characters. Learn more and read some excerpts from the saga from The Viking Site by Jesse L. Byock.
Source: Medievalist
Iceland24, October 2013
Many readers will know some of these Icelandic sagas, such as Egil’s Saga or Njal’s Saga, but the Icelandic writers penned dozens of these stories. Here are ten sagas that you may not have heard of, but offer a fascinating tale. All of these works are available in an English translation, but it maybe difficult to find a copy:
1. The Saga of Finnbogi the Strong – It follows the adventures of Finnbogi Asbjornson, a 10th century Icelander known for his great strength. It doesn’t look good for Finnbogi when his birth mother decides to abandon him shortly after he is born, but another family rescues the infant and raises him. As a child he begins to show his great strength – when Finnbogi 12 he breaks the neck of a bull, and a few years later he takes on a bear and breaks his back. In some ways the story is like Egil’s Saga, as Finnbogi faces various challenges in Iceland and Norway.
2. The Saga Of Gunnlaugur Snake’s Tongue - a classic love-triangle tale, where two men love the same woman. Being Icelanders they decide to settle it by a duel to the death. Click here to find the book on Amazon.com
3. Audun’s Story – a poor farmhand in Greenland decides to buy a polar bear and goes a journey to give it to the King of Denmark.
4. Magnus’ Saga – a short account of the life of St. Magnus, Earl of Orkney (1075-1116). Magnus is one of two earls who share rule over the Orkney Islands, but discord between them leads to battle, where Magnus is captured and executed. But that is the only the start of his story, as we read of the miracles performed by Magnus as he is declared a saint. There is also a longer account of his life.
5. Viga-Glums Saga – a struggle for power set in tenth-century Iceland, it features a ruthless chieftain named Glum who is determined to get his way, by legal means or by force. You can read a 19th century translation of this saga from the Icelandic Saga Database.
6. Heidarviga Saga – most of this story involves Bardi Gudmundson and the feud he has that gets more violent and leads to a bloody battle taking place on a moor in 1018. You can read a 19th century translation of ‘The Story of the Heath-Slayings’ from the Online Medieval and Classical Library.
7. The Saga of the Confederates – a kind of comedy saga, this story set in eleventh-century follows Odd and his father Ofeig. While Odd goes into business and becomes wealthy, his father remains a poor farmer. But when the eight most powerful chieftains of Iceland come together in a confederacy so they can legally outlaw Odd and take his wealth for themselves, it is Dad who comes to the rescue, using his wits to get his son out of trouble. You can learn more about the saga from the thesis: The Saga of the Confederates: Historical Truth in an Icelandic Saga.
8. Gongu-Hrolfs Saga – a romantic saga, where a Russian princess is doomed to marry the man who killed her father unless a young Norwegian warrior can rescue her. This story has everything – sorcerers, demons, dwarves and legs that are cut off and sewn back on! And yes, he gets the girl. Read more about it in History or fiction? Truth-claims and defensive narrators in Icelandic romance-sagas.
9. Svarfdale Saga – set first in Norway and Sweden, and then the Svarsdale region of Iceland, it follows three generations of a family who have feuds and need to gain revenge for the wrongs done to them. Similar to other family sagas, historians haven’t been particularly interested in this work as it lacks the style found in works like Njal’s Saga. You can read some of the proverbs and quotes from this saga at this site, including lines like: ”Someone who loses his gloves cannot be happy even if he gets another pair.”
10. The Saga of King Hrolf Kraki – a mythic saga, it is the story of King Hrolf, the ruler of Denmark from the 6th century AD. Similar to Beowulf, this story has wizards, berserkers and several interesting female characters. Learn more and read some excerpts from the saga from The Viking Site by Jesse L. Byock.
Source: Medievalist
Iceland24, October 2013
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