Another Economic Crisis? Here’s Why We’re Not Ready

It has been 10 years since the employees of Lehman Brothers stepped out onto Sixth Avenue carrying cardboard boxes and became the enduring symbol of America’s largest bankruptcy. What followed, as they say, is history. Markets collapsed, trillions in wealth evaporated, and big, splashy investment firms fell like dominoes. A decade later, former British Prime…

Another Economic Crisis? Here’s Why We’re Not ReadyDetails

The Match and the Powder Keg: The Fall of Lehman Brothers 10 Years Later

According to the Baker Library Historical Collection at Harvard Business School, the three Lehman brothers, Henry, Emanuel, and Mayer, emigrated from Germany in the 1840s and opened up a dry goods store in Montgomery, Alabama. During this time, cotton was a vital and high valuation crop and the brothers quickly began accepting raw cotton in…

The Match and the Powder Keg: The Fall of Lehman Brothers 10 Years LaterDetails

Under 100 Days Out—What the Midterms Could Mean for the Economy

Get ready for the toxic TV commercials, mounds of election mail, and—depending on where you live—door-to-door vote trolling. The midterm elections are now mere months away, and while there’s a lot on the line for both political parties, there is even more at stake for U.S. consumers, particularly those watching their nest eggs. The midterm…

Under 100 Days Out—What the Midterms Could Mean for the EconomyDetails

What is a Burnished Coin?

Burnished. Is it a coin type? Classification? Grade? To “burnish” something means to make it shiny or lustrous, especially by rubbing. In the world of numismatics—the study of coins and currency—a burnished coin is more than a polished piece of gold or silver. The basics: What is a burnished coin? The burnishing process was first…

What is a Burnished Coin?Details