Faculty News

In an op-ed, Prof. Nouriel Roubini advises how to avoid a global recession

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Excerpt from Project-Syndicate -- "The latest economic data suggests that recession is returning to most advanced economies, with financial markets now reaching levels of stress unseen since the collapse of Lehman Brothers in 2008."  Additional coverage appeared on a Wall Street Journal blog, Slate.com, Bloomberg, TodayOnline.com, EconomyWatch, Business Insider, Business Day, The Daily Bell, Stuff.co.nz, Australian Financial Review and Reuters blog.
Faculty News

Nobel Laureate Prof. Michael Spence advises Americans to invest more and consume less

Excerpt from Middle East North America Financial Network -- "We don't know exactly the magnitude of it but if we're really serious about the opportunities set for our children and grandchildren, then we ought to rectify the situation - consume less and invest more."
Faculty News

Prof. Viral Acharya on the shadow banking system

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Excerpt from Financial News -- "'If it looks like a bank and acts like a bank then it should be treated as a bank' said Viral Acharya, a professor at New York University Stern School of Business."
School News

John Paulson's interview of Alan Greenspan (both Stern alums) at NYU Stern is referenced

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Excerpt from The Wall Street Journal -- "In February, Mr. Paulson interviewed former Federal Reserve Chairman Alan Greenspan, a consultant to the Paulson funds, before a packed auditorium at the New York University Stern School of Business."
Faculty News

Prof. Richard Sylla on the US stock market

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Excerpt from CNBC -- "I think most people in the stock market ought to be investing thinking about a longer term."  Additional coverage appeared on MSNBC and MarketWatch.
Faculty News

Prof. Nouriel Roubini on living in a G-Zero world

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Excerpt from Reuters India -- "We are now living in a G-Zero world, one in which no single country or bloc of countries has the political and economic leverage -- or the will -- to drive a truly international agenda."  Additional coverage appeared on CNBC.
Faculty News

"Guaranteed to Fail," by NYU Stern faculty is named a "Top Business Book"

Excerpt from Bloomberg -- "'Guaranteed to Fail' by Viral V. Acharya, Matthew Richardson, Stijn Van Nieuwerburgh and Lawrence J. White (Princeton). Four professors at New York University’s Stern School of Business explain how Fannie Mae and Freddie Mac got so big and why we must fix them."  Additional coverage appeared in Bloomberg Businessweek and Spartanburg Herald Journal.
Faculty News

Prof. Stephen Brown on the recent UBS fraud case

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Excerpt from Associated Press -- "These top banks hire the best and brightest ambitious young people and when they outperform everyone else the bankers want to believe in their brilliance so they look the other way. That's exactly what happened at UBS."  Additional coverage appeared on CBS News, ABC News, Diario Hoy and The Nation.
Faculty News

In an interview, Prof. Thomas Cooley discusses the euro zone debt crisis

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Excerpt from VoxEU.org -- "There are two obvious things that need to happen. We have to resolve the current issues by whatever mixture of debt restructuring or orderly defaults and austerity programs. And I think if those things are done, then the Eurozone can, and I would say should, survive in the long run."
School News

Executive MBA students are featured for their visit to the Engineering Design Center

Excerpt from Engineering Design Center -- "NYU Stern Executive MBA students who came to EDC first took part in a business overview with the site leader, Magdalena Nizik. They had a chance to learn how EDC was established and what each and every business does and is involved in."
Faculty News

Prof. Joel Hasbrouck on how high-speed trading is changing the stock market

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Excerpt from Voice of America -- "In normal circumstances, high-frequency traders act as market makers. That is, they stand by passively waiting to buy or sell from whoever comes into the market needing to trade. In that capacity, they actually help stabilize the market."  Additional coverage appeared in States News Service, Lincoln Tribune and Thai News Service.
Faculty News

Prof. David Poltrack on Digital Video Recording (DVR) as a transitional technology

Excerpt from MediaPost -- "David Poltrack, Chief Research Officer at CBS, has said over the years that Digital Video Recording (DVR) is a transitional technology. I believe he's right ..."
Faculty News

Prof. David Poltrack on the decline of US households with at least one TV

Excerpt from Variety -- "Kids who were normally in an apartment in (New York City) and counting as a new household were now staying home with ma and pa."
School News

The NYU Stern New Venture Business Competition is highlighted

Excerpt from States News Service -- "The Berkley Center of Entrepreneurship and Innovation at NYU's Stern School of Business: The NYU Stern New Venture Business Competition challenges aspiring entrepreneurs and those excited by the new venture creation process to take their ideas from concept to market."
Faculty News

Prof. Roy Smith on John Mack and Oswald Gruebel's joint leadership of Credit Suisse Group

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Excerpt from The Wall Street Journal blog -- "'People who haven’t worked closely together in the past are asking for trouble,' warns Roy Smith, a professor of finance at New York University, about the joint-leadership structure."
Faculty News

In an op-ed, Prof. Edward Altman says the ECB must focus on fixing the Italian economy

Excerpt from Outlook Profit -- "We should not underestimate hedge funds who see an opening in an attack on Italy."
School News

MBA student and Miss Massachusetts 1999 April Thibeault is featured

Excerpt from Bloomberg Businessweek -- "I've been operating my own public relations firm for the past nine years. I love my job. However, one auspicious night back in 2009, I realized that I wasn't reaching my full potential. I recognized the skills I was lacking and I knew an MBA would help me master them."
School News

Katie Shea (BS '09) and Susie Levitt (CAS, BA '10) on CitySlips, a business they started at Stern

Excerpt from Bloomberg Businessweek -- "After watching countless women walk home barefoot at the end of a long night in heels, New York University finance students Susie Levitt and Katie Shea started a company to make easily portable shoes. Working with contract designers and manufacturers in the U.S. and China, they created a pair of flats that fold up to fit into a pocket-sized zip pouch."
Faculty News

Prof. Amir Malin is cited as a co-founder of Qualia Capital LLC, a private media investment fund

Excerpt from Indie Wire -- "Prior to Austin’s engagement with Indomitable, she was outside counsel to Qualia Capital LLC, the private media investment fund founded by Amir Malin and Ken Schapiro."
Faculty News

Prof. Vasant Dhar discussed the "Impact of Technology in Business" at the University of Kashmir

Excerpt from Kashmir Images -- "Prof. Dhar a world renowned professor in the area of Artificial Intelligence and Digital Economy talked extensively on role of technology in developing digital models for predicting the financial markets."  Additional coverage appeared in Greater Kashmir and RisingKashmir.com.
Faculty News

Prof. Edward Altman's Z-Score, a formula for predicting bankruptcy, is highlighted

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Excerpt from TheStreet.com -- "One way to test if a company poses any threat of filing for bankruptcy is through the Altman Z-Score, a formula developed by New York University professor Edward Altman in 1968."
Faculty News

Member of the NYU Stern Executive Board and Prof. Richard Bernstein (MBA '87) is featured

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Excerpt from CNBC -- "Two of Wall Street's top strategists weigh in on the latest market moves, with Richard Bernstein, Richard Bernstein Advisors and Thomas Lee, JPMorgan."  Additional coverage appeared in a Wall Street Journal blog.
Faculty News

Prof. Nouriel Roubini on the ECB's policy actions

Excerpt from Bloomberg -- "Some economists including Nouriel Roubini have accused the ECB of making a mistake by increasing rates at a time when spending cuts in debt-strapped nations and a cooling global economy are hampering growth."