School News

Prof. Scott Galloway says media brands have failed to embrace social media

Excerpt from The Media Briefing -- "Galloway argues that media brands have dropped the ball on social media. The thing they are (were?) good at was connecting with people – but in a digital age its brands that are taking over."
School News

NYU Stern's Global Systemic Risk rankings are featured

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Excerpt from Seeking Alpha -- "NYU Stern School of Business has come up with a global ranking of financials instead of just a ranking for U.S. financials."
School News

NYU Stern is cited for meeting with representatives from The Ecole Hôtelière de Lausanne (EHL)

Excerpt from Hospitalitynet.org -- "The EHL delegation seized the opportunity to meet with distinguished representatives of the Robert Tisch Center for Hospitality, Tourism, and Sports Management, the Stern School of Business and with the Swiss Society in New York for potential future collaborations."
Faculty News

An op-ed by Prof. Viral Acharya on re-capitalizing European banks

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Excerpt from VoxEU -- "The aim of the recapitalisation is to ensure that European banks can absorb potential losses from sovereign-debt restructuring." Additional coverage appeared in the Financial Times blog.
Faculty News

Nobel Laureate Prof. Michael Spence's book, "The Next Convergence," is reviewed

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Excerpt from Strategy + Business -- "The fact that "The Next Convergence" covers so much ground means that it has little time for the folksiness and redundancy that make for easy reading. The payoff is coherence — the argument of the book fits together as tightly as the formal models that Spence once built for a living." Additional coverage appeared in Science Mag.
Faculty News

Prof. Roy Smith on the euro zone's debt

Financial News logo
Excerpt from Financial News -- “Bankers will have to do all this – and when they have, the markets are likely to create further opportunities to exchange privately held Irish and Portuguese debt in the same way, maybe even Spanish and Italian debt, too ... Banks handled exchange offers of Brady Bonds for 17 countries in the 1990s, why not again?”
Faculty News

Prof. David Poltrack is hopeful Bluefin will improve TV analytics

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Excerpt from Fast Company -- "'We're looking for Bluefin to add something new,' says CBS chief research officer David Poltrack, who is intrigued by the product."
Faculty News

Prof. Robert Frank on "keeping up with the Joneses"

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Excerpt from The Malaysia Star -- "As described by economist Robert H. Frank, the desire to keep up with the Joneses is similar to the arms race among countries."
Faculty News

A photo of Prof. Nomi Ghez is featuredE

Excerpt from Bloomberg -- "They had gathered for the S.L.E. Lupus Foundation gala honoring U.S. Senator Frank Lautenberg and his wife, Bonnie Englebardt Lautenberg, and featuring a performance by Carole King, including the apt 'You’ve Got a Friend.'"
Faculty News

Prof. Anindya Ghose on collecting consumer data from social media sites

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Excerpt from Knowledge@Wharton -- "... 'social media is democratizing marketing,' Ghose argues, because the viral spread of information is forcing companies to communicate better with their customers and is giving consumers a greater voice."
Faculty News

Prof. Joseph Foudy shares his outlook for the global economy

CNC World logo
Excerpt from CNC World -- "The global outlook is quite tough. Not only do we see continued weakness in Europe ... we see weak economic numbers in the U.S. and ... we see a housing market in China that shows signs of slowing ..."
Faculty News

Prof. Viral Acharya on the Dodd-Frank act

Excerpt from Euromoney -- “The idea of the Dodd-Frank Act was to address the too-big-to-fail problem, at least some of which arises from short-term financing and the shadow banking markets."
Faculty News

Prof. Lawrence Lenihan is cited for his involvement with the new iPhone app, Fondu

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Excerpt from TechCrunch -- "[Fondu] raised a $575,000 seed round led by ENIAC Ventures. The NYU Innovation Fund, Harbor Road Ventures, Blazer Ventures, Lawrence Lenihan, and Zach Aarons also participated in the round. "
Faculty News

Prof. Richard Sylla on US interest rates

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Excerpt from PBS Newshour -- "And, checking with NYU's celebrated economic historian Richard Sylla, we find that today's rates are astonishingly close to the lowest in the entire history of the United States: 1.85 percent, the nadir reached in late 1941." Additional coverage appeared on a New York Times blog.
Faculty News

Prof. William Baumol's theory, Cost Disease, is highlighted

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Excerpt from The New Yorker -- "Baumol recognized that some sectors of the economy, like manufacturing, have rising productivity—they regularly produce more with less, which leads to higher wages and rising living standards. But other sectors, like education, have a harder time increasing productivity."
Faculty News

An op-ed by Nobel Laureate Prof. Michael Spence on what is required to save Italy

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Excerpt from Project-Syndicate -- "Only bold and largely unconditional commitments by both the European Union and Italy can break this dangerous impasse. Absent either one, the risk of a sequential unraveling of eurozone public finances and a global economic downturn will remain high."
Faculty News

Prof. Roy Smith on shrinking Wall Street banks

Reuters logo
Excerpt from Reuters -- "An admission from the head of the second-biggest U.S. investment bank that he's okay with shrinking is an extraordinary recognition of regulatory and market realities, said Roy Smith, a former Goldman Sachs partner who teaches management practice at NYU's Stern School of Business." Additional coverage appeared in US News & World Report, The Chicago Tribune, ABS-CBNNews.com, CNBC, and the International Business Times.
Faculty News

An op-ed by Prof. Daniel Altman on China's currency

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Excerpt from Big Think -- "If the yuan has a low value relative to the dollar, American goods do indeed look very expensive in comparison to Chinese goods."
Faculty News

Prof. Scott Galloway is featured for his participation in the “L2 Social: Graph Europe conference”

Excerpt from Fora.tv blog -- "'Almost one in ten minutes of media is consumed on a mobile device,' Galloway explained. 'The shift toward digital by the consumer is well ahead of the shift toward digital dollars being spent by brands themselves.'"
Faculty News

Executive Board Member and Prof. Richard Bernstein is interviewed

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Excerpt from CNBC -- "People have to remember that as messed up as things are here, we're probably the best house on a bad block, and I think people forget that. people tend to think these problems are just US problems, and I think we're learning, slowly but surely, that Europe's got very similar problems."
Faculty News

Prof. William Baumol's theory, "Cost Disease," is applied to the education sector

Reuters logo
Excerpt from Reuters blog -- "Baumol recognized that some sectors of the economy, like manufacturing, have rising productivity—they regularly produce more with less, which leads to higher wages and rising living standards. But other sectors, like education, have a harder time increasing productivity."
Faculty News

Prof. Sinan Aral will speak at the 3rd Workshop on Complex Networks on 3/7

Excerpt from Targeted News Service -- "Sinan Aral, New York University Stern School of Business assistant professor and Facebook scholar-in-residence, will also speak on March 7."  Additional coverage appeared on PhysOrg.com.
Faculty News

Prof. Roy Smith on shrinking US investment banks

Excerpt from News Daily -- "An admission from the head of the second-biggest U.S. investment bank that he's okay with shrinking is an extraordinary recognition of regulatory and market realities, said Roy Smith, a former Goldman Sachs partner who teaches management practice at NYU's Stern School of Business."
Faculty News

Prof. Lawrence White's research on the effects of increasing mortgage interest rates

Excerpt from Heritage.org -- "Other things being equal, an increase in the mortgage interest rate leads to a slight decrease in home prices. For example, a 25-basis-point increase in the interest rate, as discussed in an economic study by Scott Frame and Lawrence J. White, yields housing prices that are 2.25 percent lower than they would be otherwise."