Portal:Business

Tulip mania or tulipomania (Dutch names include: tulpenmanie, tulpomanie, tulpenwoede, tulpengekte and bollengekte) was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed.

At the peak of tulip mania, in March 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. It is generally considered the first recorded speculative bubble (or economic bubble), although some researchers have noted that the Kipper- und Wipperzeit episode in 1619–22, a Europe-wide chain of debasement of the metal content of coins to fund warfare, featured mania-like similarities to a bubble. The term "tulip mania" is now often used metaphorically to refer to any large economic bubble (when asset prices deviate from intrinsic values).

Photo credit: Lars Plougmann Bribery around the world is estimated at about $1 trillion (£494bn). The burden of corruption falls disproportionately on the bottom billion people living in extreme poverty who cannot afford to pay and who thus receive sub-standard treatment from officials.

The economy of Ohio nominally would be the 20th largest global economy behind Turkey and ahead of Switzerland according to The World Bank as of 2022. The state had a GDP of $822.67 billion in 2022, which is 3.23% of the United States total, ranking 7th in the nation behind Pennsylvania and ahead of Georgia. In 2013, Ohio was ranked in the top ten states for best business climate by Site Selection magazine, based on a business-activity database. The state was edged out only by Texas and Nebraska for the 2013 Governor's Cup award from the magazine, based on business growth and economic development. (Full article...)

"I have not set forth any bills in drafted form ready for enaction, because that is a mere detail which should come at a time when things have shaped themselves so as to make that step necessary. The ground must be plowed before the seeding is done. The people themselves must do the plowing. After that they must seed the land and keep possession of the field if they wish to harvest and reap the fruits of their labor. They have always done the plowing, the seeding, the cultivating, and practically all of the work in the field of industrial enterprise, but they have never reaped the results of their labor. There has always been a Rothschild, a Gould, a Rockefeller, a Carnegie, a Morgan and men of their kind, and a few thousand lesser harvesters who have gathered in the best fruits out of the fields of industry. They are on hand and active at every point of vantage; they understand human selfishness, and know how to deal with the individuals whom the people have selected to represent them. They know that the individual citizen whose interest is the same as that of the citizens in general, will not find it practicable to spend the time in the legislative halls or in Congress, to exert a direct influence over his official representative. But the other parties to whom I have alluded send their representatives to influence the people’s representatives, and the manner of their influence is so varied in its application that no description of its application in one case would serve as an index to another. I shall deal with that particular phase of the subject on another occasion but before dropping it at this point, let me call the attention of the citizen to the fact that he must be on guard that the new progressive spirit and movement is kept alive, and that special interests are made to understand that it is alive. The special interests are more alert individually than the people themselves are individually, for the reason that the interests get the bulk of the wealth that grows out of the work of the people, and, therefore, the special interests are seeking to convert the progressive movement into another victory for themselves. I started as an original progressive when there were but a few on the battle line of progressiveness, and I had known the wily moves employed by the interests in their efforts to divert this progressive movement to their own advantage, not only in dividing the progressives into factions and parties, which means one and the same thing in its effect upon the people, but in what is worse than that, the attempt on their part to fill the ranks of the progressives, with spies and traitors and then presume through selfish influence to convert many of those who honestly started the movement. “Temptation thou art a mighty power in the hands of those who hold the seductive bait.” The interests base their hope of victory upon the temptation furnished, by that "bait" Their first hope was to win by ridiculing the progressives and taking patronage from those whom the people had elected, but this proved a failure."

—Charles August Lindbergh, Banking and Currency and the Money Trust, 1913

Business: Accountancy · Actuarial science · Administration · Business continuity planning · Business development · Business ethics · Business intelligence · Business model · Business process · Businesspeople · Commerce · Commercial law · Companies · Companies law · Control · Consumer behaviour · Corporate crime · Corporate social responsibility · Electronic commerce · Entrepreneurship · Family business · Fictional companies · Finance · Globalization · Industry · Information technology management · Insurance · Internal communications · International business · International trade · Logistics · Management · Market · Marketing · Market Research · Mergers and acquisitions · Operations management · Operations research · Organizational studies · Procurement · Project management · Public relations · Quality management · Retailing · Risk management · Sales · Supply Chain Management

Lists: Accounting · Business · Business law · Business management · Business theorists · Economics · Economists · Finance · Important publications · Industrial organization · Information technology management · International trade · Management · Marketing · Production · Project management · Think tanks

---

• ... that businessman Usman Ja'far was the first locally born governor of
• ... that food was left to rot outside after the supermarket Supie went out of business?
• ... that in 1958, Virginia Ali and her husband Ben Ali founded Ben's Chili Bowl, a landmark Washington, D.C. restaurant where Martin Luther King Jr., Jesse Jackson, and Stokely Carmichael would often eat?
• ... that the Darwin Rocksitters Club had "no funny business" as their first, third, and fifth rules?
• ... that The Sims 2: Open for Business has been used to teach business students?
• ... that Chicony, known primarily as a keyboard manufacturer, entered the computer-manufacturing business with the Rabbit 286 in 1988?

May 22:

• 1928 - T. Boone Pickens, an American business magnate and financier, was born on this day.

• ...that former Harvard University president Lawrence Summers served as the World Bank Chief Economist from 1991 to 1993?

• ...that André Meyer quit school at age 16 to work as a messenger boy, and was later described as "the most creative financial genius of our time in the investment banking world" by David Rockefeller?

• ...that Valrhona, a company based in the small town of Tain l'Hermitage in the Rhône Valley in France, is one of the world's leading manufacturers of high-quality chocolate?

• ...that it is estimated that more than 85 percent of all business information exists as unstructured data, commonly appearing in e-mails, memos, reports, letters, presentations and Web pages?

• ... that the Automotive Electronics Council is an organisation based in the USA that sets qualification standards for the supply of components in the automotive electronics industry.

• ... that Hollywood accounting is the practice of distributing the profit earned by a large project to corporate entities which, though distinct from the one responsible for the project itself, are typically owned by the same people, with the net result of reducing the project's profit by a substantial margin, sometimes even eliminating it altogether.

• ... the Consumables model is another name for the Razor and blades business model?

Wikinews Economy and business portal

• July 21: Technological University Dublin senior lecturer Dr Lorcan Sirr speaks to Wikinews on housing market in Ireland
• July 15: California governor signs new state budget, eligible Californians to get stimulus payments
• July 4: 130 OECD countries agree to back global corporate tax rate
• June 30: 'Each makes the other more difficult to recover from': University of Sussex professor L. Alan Winters speaks to Wikinews on trade, COVID-19, Brexit
• June 16: Wikinews interviews Victor Kline, leader of newly registered The New Liberals party in Australia
• April 23: Irish Finance Minister Donohoe criticises OECD's global minimum corporate tax rate
• April 17: People protest in Berlin against German Court overturning five-year rent cap
• March 5: Chancellor Rishi Sunak announces UK budget 2021
• February 10: Disney to shut down Blue Sky Studios, animation studio behind 'Ice Age'
• January 24: World Trade Organization declares US tariff hike illegal, rules in South Korea's favour