Experience Stern | News & Events

Excerpt from Project Syndicate -- "The tail risks of a Greek exit from the eurozone or a massive loss of market access in Italy and Spain have been reduced for 2013. But the fundamental crisis of the eurozone has not been resolved, and another year of muddling through could revive these risks in a more virulent form in 2014 and beyond."

Excerpt from the Economist -- "In a 2011 paper Rosa Abrantes-Metz of New York University’s Stern School of Business and Sofia Villas-Boas and George Judge of the University of California, Berkeley, examined LIBOR data over rolling six-month windows, and found that LIBOR was far likelier than another benchmark interest rate to depart from Benford patterns."

Excerpt from the Wall Street Journal -- "Finally, a new exposition of the most important economic idea you've never heard of: what its inventor, William Baumol, calls 'The Cost Disease.'"

Excerpt from Bloomberg -- "The european recession is continuing, is spreading to parts of the core like France. Even Germany is slowing down because its two major markets, one is the eurozone is contracting and Asia and China are slowing down."

Excerpt from the Wall Street Journal -- "'Smart firms won't go too far in invading consumer privacy because they realize—especially companies like Google and Facebook —that without the information consumers are giving them, they have no business at all,' says Arun Sundararajan, of New York University's Stern School of Business."

Excerpt from The Globe and Mail -- "William Silber’s biography of Paul Volcker is rightly sympathetic to the man whose determination and integrity conquered U.S. inflation. When needed, he overcame opposition from politicians and academic economists. Yet once his work was done, policy slid back and his abilities were wasted."

Excerpt from Reuters -- "'The emerging markets have emerged, even as the developed markets have submerged,' Roubini told me. 'Politics have become more important for many advanced countries, too.'"

Excerpt from Forbes India -- "Pioneering teachers: Such as Aswath Damodaran of New York University’s Stern School of Business, who has been doing webcasts of his immensely popular courses on valuation and corporate finance for several years."

Excerpt from CNC World -- "What is important in order to predict what's going to happen in the near future is what is going to be the willingness of the party or coalitional party that emerges a winner from the next election to actually implement those reforms."

Excerpt from Bloomberg -- “'Libor is just the beginning,' said Rosa Abrantes-Metz, an economist with New York-based consulting firm Global Economics Group Inc., an associate professor at New York University’s Stern School of Business and co-author of 'Libor Manipulation?' a paper published in August 2008."

Excerpt from The New York Times -- "Fixing Europe will not be easy or fast, according to the panel’s members. Mr. Clementi says that he isn’t expecting the demise of a European nation or a 'catastrophe' anytime soon, but he thinks that an Italy or a France or a Spain will suffer from what he calls a depression."

Excerpt from the Australian Financial Review -- "'Why should you invest in a bank when the return on equity will be so low?' Professor Saunders said in a speech to a Financial Services Institute of Australia conference. 'Why not just invest in a public utility like a gas company?'"

Excerpt from Forbes -- "CourseHorse, winner of the 2011 New Venture Competition, recently raised $500,000 in a seed funding round and launched a co-branded site with Time Out New York."

Excerpt from the New York Daily News -- "'Letting the talent be part of the process and letting her connect with the audience achieves that and moves beyond her simply being a puppet,' added Craig, director of the Entertainment, Media and Technology Program at NYU's Stern School of Business."

Excerpt from Forbes -- "My co-host in the discussion about financial innovation was Prasad Chintamaneni, the head of global markets, banking and financial services at Cognizant. We were joined by Raj Dhinsa, a managing principal at Verizon's financial services practice, Marti Subrahmanyam, the Charles E. Merrill professor of finance at Stern School of Business at New York University and Steven Liles, a senior vice president of enterprise automation and innovation at BB&T Corp. in Winston-Salem, N.C."

Excerpt from Fox Business -- "I think that we should be paying more attention to Europe. I think that the attention we're paying to the fiscal cliff is not actually productive. In fact, it's leading to polarization of positions that have to be negotiated in private and the less I hear from Washington, the better I like the fiscal cliff."

Excerpt from Forbes -- "All entrepreneurs are inherently risk-takers, but some are willing to go above and beyond for an idea they believe in. NYU Stern alumnus Samir Ibrahim and serial entrepreneur Charles Nichols, winners of the Audience Choice Award at the 2011-12 Entrepreneur’s Challenge fit this description perfectly."

Excerpt from TechCrunch -- "For Sundararajan, the sharing economy provides a way for real-world assets to be disaggregated in space and time and repackaged into standalone services. That’s disrupted the scope of what can be disrupted by digital tools, and allows people to time-share goods that would otherwise go unused at certain times."

Excerpt from The New York Times -- "Getting to January without a deal would cause anxiety that everyone wants to avoid — especially Republicans, since opinion polls suggest that most voters will blame them if negotiations break down. But the president and Republicans would prefer to reach agreement now on whatever they would be willing to agree to after new year."

Excerpt from the Huffington Post -- "'Manufacturing and housing are the most cyclical sectors of the economy,' said David Backus, chair of the economics department at NYU's Stern School of Business. 'What you see in a typical recession is that they're going to go down a lot and then they're going to go back up a lot. The latter hasn't happened yet.'"

On January 11, 2013, New York University Stern School of Business will convene its faculty thought leaders and some of India’s top corporate leaders and policymakers for a full-day event entitled, “India in the 21st Century: From Potential to Progress.” The participants will investigate the unique opportunities and challenges facing India, an emerging market leader and driving force in the global economy.

Distinguished Citi Fellow in Leadership & Ethics Mindy S. Lubber, president and founding board member of Ceres, a nonprofit organization that advocates for sustainable business and investment practices, spoke candidly with MBA and undergraduate students this fall.

Excerpt from Science Daily -- "Research on the experience-altering nature of emotion has typically focused on nonperceptual experience, such as changes in cognitive appraisals. It is clear, however, that these influences extend to perception,' the researchers conclude."

Excerpt from Bloomberg -- "When you look at the volatility numbers, what you see is actually very surprising. Volatility has been declining of broad market assets like the S&P and the Dow and so forth in the US but also in Europe."

Excerpt from the Wall Street Journal -- "'To keep Greece in the euro zone, effectively you need a transfer union, you have to realize that the problems of Greece are long-term, it’s going to take 10 to 20 years to do the austerity and the reform to stabilize Greece and therefore you have to give money and you have to be patient,' Mr. Roubini said."