F&F
1611
1637
1720
1932
1987
2008
'FARAPALOOZA'
TOURING
SHOW STARTS
Americas
DUTCH MINISTER ATTENDS OPENING
OF FLAGSHIP BRANCH
RI IN
Just the facts figures
Short seller Isaac Le Maire goes bankrupt.
Le Maire went too far in his speculations
against the Dutch East India Company
(VOC), and lost 1.5 million guilders over
30 years.
THE PINNACLE OF THE TULIP BULB TRADE
IN THE NETHERLANDS. THE PRICES OF
TULIP BULBS REACHED EXTREME HIGHS
IN FEBRUARY 1637, BUT EVENTUALLY
COLLAPSED.
The 'Zuiderzee Bubble'. Many people
were seduced into investing in what
appeared to be dreams, in companies
that hardly existed. At the end of 1720,
investors started to sell their stocks in
huge quantities, causing the market
to collapse.
ON THURSDAY OCTOBER 24, 1929,
THE NEW YORK STOCK EXCHANGE
COLLAPSED. A WORLDWIDE FINANCIAL
CRISIS FOLLOWED. ROCK BOTTOM
WAS HIT ON JULY 8,1932.
On Monday October 19,1987, the world's
stock markets collapsed, after US Secretary
of State James Baker was critical about
Germany's economie policy. That day,
the Dow Jones Index closed with a record
loss of 22.6%.
THE CREDIT CRUNCH HITS. DUE TO
STAGNATION IN THE US HOUSING MARKETS,
THE WORLD WAS SUDDENLY SHORT OF
CASH. ATTHE END OF 2008, STOCK MARKETS
ALL OVER THE WORLD ARE FALLING
BY DOZENS OF PERCENTAGE POINTS.
Rabo AgriFinance (RAF) will hit the road with
its second annual 'Farapalooza' road trip event
in January. The US farm lender will host three
cliënt events in three different cities in three
days. Over the same period, RAF is sponsoring
two other significant industry events that will
attract some of the top producers in America.
Traveling from venue to venue like a touring
rock band, the Rabo AgriFinance team - CEO
John Ryan, relationship managers and repre
sentaties from marketing and FAR - will take
the stage in front of clients, prospects and
the media. They will present Rabobank's Food
and Agribusiness financing expertise
and discuss key issues and trends affecting
local agricultural producers.
One event headliner will be Michael Whitehead,
FAR analyst, who will deliver a presentation
on topics in major sectors of local agriculture,
such as corn, beans, potatoes and sugar beets.
The audience for each event will be between
40 and 80 farmers, along with media from the
local communities of Marshall, Minnesota;
Moorhead, Minnesota; and Grand Forks, North
Dakota.
Tony Costa and Maria van der Hoeven officially
opening Rabobank's new branch in Jakarta.
Rabobank Indonesia recently opened a
branch office in Jakarta as an expansion of its
current operations on the 9th floor of the
same building - the fïrst one to serve both
corporate and retail clients. Maria van der
Hoeven, the Dutch Minister of Economie
Affairs, attended the opening ceremony.
'The opening of this new branch office is
part of Rabobank's strategy to strengthen
its presence in Indonesia," said Rob van
Zadelhoff, Rabobank International's
Head of Asia. "Rabobank is
committed to supporting the
growth of its clients by using
Rabobank's international network
and the former Hagabank and
Bank Hagakita's existing networks
in Indonesia." According toTony
Costa, Rabobank Indonesia
President, the new office will give
customers better access to a broader range
of products and experience. "Rabobank
always wants to be close to its customers
and to be able to assist them in fulfilling
their banking needs," he said.
The opening of the branch is part of
Rabobank Indonesia's challenging plan for
expansion in the SME and retail business
sector, with the bank targeting growth
above market average, which means an
annual growth rate of 20 to 30 percent.
ISSUE 18
THE WORD
