Wednesday, December 3, 2008

Iceland Struggling to Recover From Bankruptcy

Reykjavik, Iceland, December 3rd, 2008:

A couple of months ago, The Republic of Iceland shocked the world when it declared bankruptcy.

Things looked quite bleak, to say the least. The country's chief export, whale blubber, was in tight supply because global warming has heated the ocean considerably. This caused whales to grow a much thinner layer of fat below their skin because they didn't need the insulation from the frigid ocean water. Production of whale blubber reached its peak shortly after the release of the film Free Willy.

"We remember those hey days with great fondness." said Nigel McFrigidity, Mayor of the small settlement of Brr. "Now, whale blubber is so scarce, we must find other ways to create income for this great frozen island of a nation."

But, Iceland has shown the ability to innovate. Help is arriving with the increased global demand for natural frozen water (Ice). Unlike ice commercially available in most retail establishments, Iceland frozen water is naturally and organically frozen, not brought below 32 degrees Fahrenheit via use artificial methods.

"Our ice is frozen naturally and never thawed." Said Charles Chillwilly, CEO of Ice, Ice, Baby, Inc.

But skeptics of this sudden ice boom are quite skeptical. And, people from miles around, are miles away.

"It won't last forever. Peak Ice Production is right around the corner and then naturally frozen ice will demand a much higher market price", said Seymour Nips, Professor of Finance at the Nordic Institute of Microeconomdicks. "Before long, global warming will have taken it's toll here as well".

Until then, the people of this country will investigate other ways to generate cold, hard cash.


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