One of the distinctive traits about Iceland’s disaster, and Wall Street’s, is how little women had to do with it. Women worked in the banks, but not in the risktaking jobs. As far as I can tell, during Iceland’s boom, there was just one woman in a senior position inside an Icelandic bank. Her name is Kristin Petursdottir, and by 2005 she had risen to become deputy C.E.O. for Kaupthing in London. “The financial culture is very male-dominated,” she says. “The culture is quite extreme. It is a pool of sharks. Women just despise the culture.” Petursdottir still enjoyed finance. She just didn’t like the way Icelandic men did it, and so, in 2006, she quit her job. “People said I was crazy,” she says, but she wanted to create a financial-services business run entirely by women. To bring, as she puts it, “more feminine values to the world of finance.”
Today her firm is, among other things, one of the very few profitable financial businesses left in Iceland. After the stock exchange collapsed, the money flooded in. A few days before we met, for instance, she heard banging on the front door early one morning and opened it to discover a little old man. “I’m so fed up with this whole system,” he said. “I just want some women to take care of my money.”
Internet Helps Liberate, Create Music in China By Laura Sydell Listen Now [7 min 48 sec] add to playlist Chinese electronic musician B6 B6, a Shanghai-based electronic musician, explored Western music first on pirated CDs and then at music-sharing sites on the Web. Now he collaborates online with other performers. B6's studio equipment -- a jumble of keyboards, etc. Enlarge B6 works out of a home studio in a Shanghai high-rise. Above, some of his musical arsenal. Discover China's Indie Music Neocha Web site image Neocha.com With Sean Leow, B6 co-founded the music-sharing site Neocha.com, an ad-supported service that lets listeners discover music and pays musicians a share of advertising revenue. * Neocha.com * Neocha's "Next" Player Morning Edition, June 25, 2008 - Second in a three-part series. When America was rocking to the Beatles and Jimi Hendrix, the airwaves in China were dominated by songs with lyrics from Chairman Mao's Little Red Book. It's more open today, but the Communist government still bans anything that mentions sex or violence, or that has "low class humor" - which bans an awful lot of American music. So the music most likely to come pouring out of the radio in China is syrupy ballads usually produced in Hong Kong or Taiwan. But Chinese musicians and fans are finding a whole new universe of sound on the Internet. And it's helping to create and nourish a new generation of independent artists in China. From Black-Market Discs to Napster and Beyond One of them is B6, a 27-year-old electronic musician. He lives and works on the first floor of a high-rise on the outskirts of Shanghai. He's part of China's burgeoning electronic-music scene. Growing up, the CDs B6 listened to were mostly sold on the black market. "When I was in high school, I used to listen to rock 'n' roll music," he says. "At that time, it was very difficult to get foreign or Western music." And then, in 1999, the Internet came to China - and B6 and his fr
