Category Archives: Business & Finance

Jews in the World of Business and Finance

Jew of the Week: Gluckel of Hameln

The Woman Who Transformed Yiddish Literature and History

Gluckel (or Glikl) bat Yehuda Leib (c. 1646-1724) was born in Hamburg to a wealthy, influential, and deeply religious Ashkenazi family. Although all Jews were expelled from Hamburg in 1649, her father was given permission to return because he was so highly respected by the German authorities. Gluckel was given a strong education, and got married at age 14 to Chaim of Hameln. The young family soon started a successful diamond and pearl business. When her beloved husband passed away, Gluckel took over the business. She became famous as one of the few women in Europe that ran her own sprawling enterprise, and that travelled alone to trade fairs and through European markets. She still took care of all 13 of her children! Gluckel eventually remarried, reluctantly, to a banker named Cerf Levy. Two years later, Levy lost his fortune, and wasted Gluckel’s too. After 12 years of marriage, Levy died and left Gluckel a widow for the second time. She slowly recovered from her losses, and lived out the rest of her life in relative solitude. Most significant for historians, Gluckel kept a detailed diary for many years, providing us with an inside look into both European and Ashkenazi Jewish life of the 17th and 18th centuries. The seven journals she wrote touch on important themes and describe key historical events, and are considered among the greatest Yiddish literary works of all time. One of Gluckel’s great-granddaughters was (former Jew of the Week) Bertha Pappenheim, who produced a German translation of Gluckel’s diaries (and is also the woman in the portrait at right, where she dressed up as Gluckel). The translation was hugely popular, and an English version was produced in 1932, as well as a fictional adaptation in 1941, and a newer translation in 2019. Another one of Gluckel’s grandchildren was renowned rabbi Samson Raphael Hirsch. In 2016, a street in Hamburg where she lived as a child was named after her (Glückel von Hameln Straße). Her yahrzeit is on the second day of Rosh Hashanah.

Shana Tova u’Metuka! Happy 5783!

17 Rosh Hashanah Facts Every Jew Should Know

7 Tips for Rosh Hashanah New Year’s Resolutions

The Origins and Meaning of Tashlich

Words of the Week

These are days of judgment as to whether we deserve anything. We only have a chance of encountering God when we allow Him into everything and educate ourselves to recognize Him in all we receive. Everything is a miracle, pure gifts we did nothing to merit: to live, to breathe, to eat and drink, to think, to laugh, to enjoy our friends and families… Rosh Hashanah is a day that protests the claim that we deserve anything. We stand naked before God and try to make ourselves at least slightly deserving of all these gifts by admitting that everything is a miracle.
– Rabbi Dr. Nathan Lopes Cardozo

Jew of the Week: Simon Kremser

Inventor of Buses 

A modern-day Kremser carriage in Germany

Simon Kremser (1775-1851) was born in the German city of Breslau (now Wroclaw, Poland). He followed in the footsteps of his father, a wealthy merchant. During the Napoleonic Wars, Kremser helped to provide funds for the Silesian Army against Napoleon, and managed the Prussian royal family’s war chest. He was awarded the Iron Cross, and was eventually granted citizenship, becoming one of the first Jews to be a German citizen. In 1825, Kremser had an idea for a public carriage line that would quickly and cheaply transport people across Berlin. He got permission from King Friedrich William III, and designed a large horse-drawn carriage that could seat up to 20 people. Such carriages are still known as “kremsers” in Germany today. By 1835, Kremser ran three different “bus” lines in Berlin. The idea of public buses soon spread across Europe. As the king’s official hauler, Kremser was also the one commissioned to return the famous Brandenburg Gate Quadriga to Berlin in 1814 after it had been snatched by Napoleon. Little else is known of Kremser, and no picture of him has survived. It is believed that he lived out his last years in Russia, where he served the royal family and was given the honorary military rank of major.

Words of the Week

The only wealth that I truly own is that which I have given away to good causes. Everything else – all my holdings – are simply under my control for the moment, but they can be lost in the next moment due to a bad decision, war, an accident or other cause which I cannot control. However, the good institutions that my money has built are forever; they can never be taken or lost.
Sir Moses Montefiore 

Jew of the Week: Eytan Stibbe

Second Israeli in Space

Eytan Meir Stibbe (b. 1958) was born in Haifa to Jewish parents who had made aliyah from the Netherlands. He grew up partly in the United States. Stibbe joined the Israeli Air Force and became an F-16 fighter pilot. He served under the command of Ilan Ramon, who would go on to become Israel’s first astronaut. Stibbe served with distinction, and once tied a record by shooting down four enemy aircraft in a single battle over Lebanon in 1982. In another mission, he downed a total of five Syrian aircraft! Stibbe was awarded the Distinguished Service Medal, and went on to teach at the IAF Flight Academy. Altogether, he served with the Israeli Air Force for some 43 years. Meanwhile, in 1984 he joined Israel Aircraft Industries to help modify and improve Israel’s own Lavi fighter jet. The following year, he co-founded Elar, a new Israeli military tech developer. When he left the company in 2011 and sold all of his shares, he had become a millionaire. Stibbe then turned his attention to his new Vital Capital Fund, which invests specifically in projects designed to alleviate poverty and clean up the environment. The Fund has helped bring sanitation, electricity, and healthcare to millions of people around the world, and has won numerous awards for its philanthropic work. Stibbe has always dreamed of following his mentor Ilan Ramon to space. He purchased a $55 million ticket on board a SpaceX craft, in collaboration with Axiom Space, which took off on April 8th for a ten-day mission. This is the first ever privately-funded human mission to space, and Stibbe is now only the second Israeli ever to go to space. He is not only a passenger, but also doing important scientific work, carrying out a total of 35 experiments, including on space radiation, optics, and quantum communications. Because of several delays, the Rakia mission (from the Biblical Hebrew word for outer space) ended up overlapping with Passover. And so, Stibbe took with him a Pesach seder kit prepared by Chabad, with shmurah matzah and four mini-cartons of grape juice (wine is prohibited on the ISS!) The return trip has also been delayed due to poor weather, and is expected to finally return to Earth this Sunday.

Passover: Fighting for Freedom

Words of the Week

Moses spoke not about freedom but about education. He fixed his vision not on the immediate but on the distant future, and not on adults but children. In so doing he was making a fundamental point: It may be hard to escape from tyranny but it is harder still to build and sustain a free society. In the long run there is only one way of doing so – to defend a country you need an army, but to defend a civilization you need education.
Rabbi Jonathan Sacks