Experience Stern | News & Events

Excerpt from CNBC -- "The fiscal cliff is on everybody's radar but I think it's not the only thing that needs to be on our radar because I think that the situation in Europe could actually turn out to be just as damaging for the US economy as the fiscal cliff."

Excerpt from BBC -- "It's a temporary deal. It's not perfect. It's a compromise. It gives more time to Greece to improve things but ultimately I think we will find ourselves in the same spot in a few months or in a year."

Excerpt from the Wall Street Journal -- "Speaking at gathering held at the New York University‘s Stern School of Business, Simon Potter, who heads up the New York Fed’s critical Markets Group, said real-time information is critical to good policy making."

Excerpt from Forbes -- "Experts from the finance sector, industry, regulatory agencies, government, legal and accounting professions, and academia got together last night at NYU Stern School of Business for a Ross Roundtable to discuss the reemergence of consulting practices in the major audit firms."

Excerpt from the Washington Post -- "If our leaders want to be statesmen rather than panderers, they need to do the same. Pledges to protect this or that group from all sacrifice are as counterproductive as pledges never to raise taxes. President Obama and Speaker Boehner should develop shared language to convey to the American people the severity of our problems and the need for all Americans to make some sacrifices."

Some 50 academics, practitioners and policymakers gathered at NYU Stern in November for a roundtable discussion on the re-emergence of consulting practices at the major audit firms. Industry experts discussed why the firms’ consulting revenues are increasing and whether the practice poses a conflict of interest.

Excerpt from Barron's -- "AQR Capital’s Andrea Frazzini and New York University’s Lasse H. Pedersen have a new paper on the subject of 'embedded leverage.' The term refers to options contracts or exchange-traded funds where leverage is built into the product."

Excerpt from Reuters -- "'We don't think twice about having the best surgeon or the best engineer or the best mathematician. Having the best central banker is not a bad idea,' said Kim Schoenholtz, director of the Center for Global Economy and Business at New York University, and a former chief economist at Citigroup."

Excerpt from the Washington Post -- "The book offers behind-the-scenes accounts of Volcker’s time at the Department of Treasury and the Federal Reserve. It also chronicles his resolve and independent thinking during times of crisis."

Excerpt from Barron's -- "Rosenwald believed that students, like the companies they would invest in, needed skin in the game. At the first session, he made the enticing offer of a tuition refund if they didn't learn at least three important things from the class. But since value investing pays off over the long term, they would have to wait 20 years to get their money back. The students grinned."

Excerpt from the Economist -- "The stockmarket is not as short-sighted as some people think. Amazon is not the only firm it has rewarded for taking the long view, notes Baruch Lev of New York University’s Stern School of Business."

NYU Stern experts are available to provide perspectives on a variety of angles related to Black Friday, Small Business Saturday and Cyber Monday.

Excerpt from The New York Times -- "'Out of the $8.8 billion, I’d be very surprised if more than a couple of billion was due to accounting improprieties,' said Aswath Damodaran, a professor of finance at New York University’s Stern School of Business."

Excerpt from The Huffington Post -- "Humans are better at focusing on the moderate, specific, localized devastation of a major earthquake than on the great but murky devastation that global warming will bring in the middle part of the 21st century."

Excerpt from Bloomberg BusinessWeek -- "William Baumol, 90, a professor of entrepreneurship at New York University’s Stern School of Business isn’t letting his age stop him from writing new books. His latest, published by Yale University Press, is The Cost Disease: Why Computers Get Cheaper and Healthcare Doesn’t (@NYUStern, 11/19)."

Excerpt from CNBC -- "'Until now, the recessionary fiscal drag has been concentrated in the euro zone periphery and the U.K.. But now it is permeating the euro zone’s core,' Roubini wrote."

Excerpt from Business Insider -- "Aswath Damodaran, the legendary NYU finance professor, has a knack for drawing excellent comparisons between current events and the markets. A month ago, he used investors’ expectations to demonstrate how investors were either Orioles or Yankees fans. In the aftermath of Hurricane Sandy, he now has some sound advice for dealing with unexpected, disruptive shocks in the market."

Excerpt from Project Syndicate -- "As consumers, firms, and investors become more cautious and risk-averse, the equity-market rally of the second half of 2012 has crested. And, given the seriousness of the downside risks to growth in advanced and emerging economies alike, the correction could be a bellwether of worse to come for the global economy and financial markets in 2013."

Excerpt from Financial Times -- "In a similar way to the University of Pennsylvania, the School of Law and the Stern School of Business at New York University have been teaching joint programmes for many years, but in September they took a further step by appointing Karen Brenner to the new role of executive director of law and business, to act as a bridge between the two schools."

Excerpt from the Associated Press -- "There's also the famous analogy of Princeton economists William Baumol and William Bowen from the 1960s, that college teaching is akin to a string quartet. No matter how technology improves, a string quartet simply can't be performed (well) by fewer people than in Beethoven's day."

Excerpt from Luxury Daily -- "Ironically, Harry Winston’s Web site design is aligned with the retailer’s loss of direction. The cleanliness of the site is inconsistent with the allure expected from Harry Winston."

Nobel Laureate and Prof. Robert Engle was named as a committee member of the US Treasury’s Office of Financial Research’s (OFR) Financial Research Advisory Committee. The OFR, established as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act, created the committee to provide advice, recommendations, analysis and information to the OFR.

Excerpt from Bloomberg -- "'The economic contraction used to be in the periphery of the euro zone,' Roubini said in a speech in Mainz, Germany, today. 'It is spreading now to the core of the euro zone. For example, it is quite clear that France is entering a recession.'"

Excerpt from Bloomberg -- "There are three elements of a fiscal cliff that are coming up to debate: one is what to do about the budget for 2013, that's the fiscal cliff debate, then there will be a separate debate about the debt ceiling for the United States, and then the two parties, Democrats and Republicans, they have to reach an agreement also over the medium term fiscal consolidation to reduce the deficit over the next 5-10 years so there are three separate situations in which the two parties are going to be fighting about this budget."

Excerpt from the New York Post -- "Through Stern's dual degree program, 'I've been able to refine the deep rigorous analysis of policy and program impact. It's helped me identify and decide what works well and also how to speak that language effectively.'"