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February 16, 2021 Harold “Hal” Bierman Jr., the Nicholas H. Noyes Distinguished Professor Emeritus of Management and Finance, who transformed the framing of investment decisions and mentored thousands of MBA students over nearly six decades at Cornell, died Feb. 12 in Ocean Isle Beach, North Carolina. He was 96. Bierman joined the Cornell faculty in 1956, serving for 59 years in the Samuel Curtis Johnson Graduate School of Management as a professor of finance, accounting and management. Harold Bierman Jr. “Hal was a longtime and beloved member of the Johnson and Cornell communities, and his influence and impact will live on,” said Mark Nelson, the Anne and Elmer Lindseth Dean of Johnson. ....
Will the U.S. Dollar Lose Its Place as the World s No. 1 Reserve Currency? On 2/5/21 at 2:38 PM EST Some fear stimulus spending to offset the worst of the economic shutdown during the COVID-19 pandemic and the Federal Reserve s injection of billions into the economy threaten the U.S. dollar s standing as the world s reserve currency. Some investors have moved out of dollars and into gold. While it s hardly a stampede, it could be seen as further evidence of the dollar s increasing weakness. Others see Bitcoin as an inflation hedge, and last month investors drove the price of the cryptocurrency to $41,973, an all-time high. ....