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Iceland Reverts To Medieval-Era Society

Oct. 27 2008, Published 7:07 a.m. ET

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HA Stocks soar in one country (Photo: NY Post) Let's look at the front pages today!

Wall Street Journal page one: The entire country of Iceland has now left the banking industry and will return to a simple life of fishing. Seriously. This is the most amazing story of the day.

Washington Post page one: "The worst financial crisis since the Great Depression is claiming another casualty: American-style capitalism." Ha, wow!

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New York Times page one: "It is the question on the minds of New Yorkers, once they stop pondering the fate of their 401(k)'s: If the city's economy sinks to depths not seen in decades, will crime return with a vengeance?"

• Today's New York Post cover is laugh out loud funny—made even funnier overnight by the crash of the Japanese and European markets.

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