MANGO WORLD MAGAZINE (Est. 2000)

ELENA HOLODNY


SEP. 16, 2014, 7:06 PM


Wikimedia Commons







Four centuries ago, a whole country went completely crazy for tulip bulbs.



But why do we still talk about these flower-obsessed Dutch traders.




As you'll read, the story of tulipmania involves many timeless issues like behavioral biases, malfunctioning markets, inequality, and basic economic concepts like supply and demand imbalances.




Dutch tulips were the first speculative asset to see prices shoot through the roof, and then quickly crash.



And of course they weren't the last.


With the help of historian Anne Goldgar's 2007 "Tulipmania," Business Insider brings you this unusual and enlightening story.



Editor's Note: Former Business Insider writer Rob Wile contributed to an earlier version of this feature.





According to lore, Tulipmania had its roots in the Ottoman Empire when Suleiman the Magnificent noticed a flower. Cristoraul An ambassador working at the court of Suleiman the Magnificent noticed the flower, which …

ROAD UPDATE



...just in... IT IS NOT ADVISABLE TO ATTEMPT DRIVING DOWN TO BAJA SUR FROM THE U.S.... the road is cut in TWO places!!! 


It is very dangerous!!!

ABC Rural By Carmen Brown


Updated yesterday at 3:53pm
Fri 19 Sep 2014, 3:53pm



PHOTO: Researcher Austin McLennan will strap caged fruit flies to mango trees around Katherine and Darwin during the trial(Carmen Brown )


MAP: Katherine 0850



Researchers are hopeful an upcoming fruit fly trial will help Northern Territory mango growers reduce their export costs, and potentially open-up new markets overseas.



Over the next few weeks, NT Department of Primary Industry staff will begin strapping caged fruit flies to mango trees in commercial orchards near Darwin and Katherine, to find out how the pest interacts with the crop.



Entomologist Austin McLennan says if the trial can prove untreated mangoes present a low fruit fly infestation risk, growers could significantly reduce their post-harvest treatment expenses.





"We've shown the risk of untreated mangoes being infested with fruit fly is very, very low"
~Austin McLennan, NT Department of Primary Industry





"To access an interstate or inte…