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The Dutch Tulip Bubble of 1637
The later part of the 20th century saw its share of odd financial bubbles. There was the real-estate bubble, the stock market bubbles, and the dot com bubble, just to name a few. In each instance of price inflation people paid exorbitant amounts for things that shouldn’t have been worth anything like the going price. And each time people stood around afterwards and said “What were we thinking?”

One has to believe that the same thought occurred to the Dutch in the 17th century when they settled down after their bout with tulipomania, wherein the humble tulip bulb began to sell for prices to make New York Realtors blanch.

As much as the tulip is associated with Holland, it is not native there. Rather it was introduced in 1593 by a botanist named Carolus Clusius, who brought it from Constantinople. He planted a small garden, intending to research the plant for medicinal purposes. Had Clusius’s neighbors been morally upright, the tulip might still be a rare exotic in the gardening world. Instead they broke into his garden and stole some of his bulbs in order to make some quick money, and in the process started the Dutch bulb trade
http://www.damninteresting.com/the-dutch-tulip-bubble-of-1637/
Just sayin!

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Judge upholds state's fining of 'faithless electors'

1st time in Washington's history 1976 law is applied

Published: 12 hours ago. Updated: 03/09/2017 at 9:11 PM

A Washington state administrative judge on Wednesday upheld $1,000 fines for three presidential electors who broke their pledges to vote for Democratic nominee Hillary Clinton in December.

So-called “Faithless Electors” are members of the Electoral College who, for whatever reason, do not vote for their party’s designated candidate. But none had ever been fined before in state history even though the law providing for the fine was established in 1976.

Judge Robert Krabill of Tacoma said Washington’s secretary of State was within her rights to slap $1,000 fines against three rogue electors – Levi Guerra, Esther John and Peter “Bret” Chiafolo, Democratic electors who voted for former Secretary of State Colin Powell over Clinton in the presidential election, the Hill reports.

The law was passed after Mike Padden, now a Republican member of the state legislature, voted for Ronald Reagan over Gerald Ford in 1976.

More from the Hill:

Sumeer Singla, an attorney for plaintiffs Levi Guerra, Esther John and Peter Chiafolo, said Wednesday they were reviewing the order and anticipate appealing it.

Clinton lost four electors in the December Electoral College vote in Olympia — three voted for former Secretary of State Colin Powell and one voted for Native American tribal leader Faith Spotted Eagle.

The fourth voter has also appealed the fine and has a court hearing scheduled for next week, said Peter Lavallee, spokesman for the state attorney general’s office.

The last time an elector broke from the popular vote in the state was in 1976, when Mike Padden of Spokane Valley, who is currently a Republican state senator, voted for Ronald Reagan in 1976 instead of Gerald Ford, who had won the state.

Copyright 2017 WND


Read more at http://www.wnd.com/2017/03/judge-upholds-states-fining-of-faithless...

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