Stern in the News: January 2011
In January, NYU Stern generated nearly 900 media hits. Stern faculty were featured for their research and perspectives on a variety of subjects including consumer color preferences, global financial regulation, accounting fraud, body language and art market valuation in a number of prominent outlets such as Bloomberg Businessweek, Financial Times and The New York Times. Additionally, in 40 op-eds, Stern faculty discussed clean technology investment, the importance of studying communications in business, Starbucks’s new logo, the Arizona shootings, Steve Jobs’s medical leave and solutions to the Greek debt.
Please continue reading for news highlights from January 2011.
Faculty Research & Accolades |
Business Day: “Wage Restraint is New Growth Path’s Lesser Evil” |
Nobel Laureate Professor Michael Spence’s chairmanship of the 2008 Report from the Commission on Growth and Development, analyzing world economic growth since World War II, was highlighted. His participation in an IMF conference in March on the lessons of the global financial crisis entitled, “Macro and Growth Policies: A Post Crisis Conversation,” was promoted by The Citizen. He was cited for receiving the 2001 Nobel Prize in Economics for research on information asymmetry on CollegeNews.org. |
The Washington Post: “How You and Google are Losing the Battle Against Spam in Search Results” |
Professor Panagiotis Ipeirotis’s research on the use of Amazon’s Mechanical Turk for spamming work was referenced, with additional coverage in TIME. |
CNBC: “Two NYU Stern Professors under 40 Receive Prestigious Awards for Their Research” |
Professors Xavier Gabaix and Alexander Ljungqvist were featured for receiving the 2011 Fischer Black Prize and 2011 Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship, respectively, with additional coverage in Euroinvestor, Yahoo! Finance and three other outlets. |
India Infoline: “BSE Training Institute Appoints Professor Rangarajan on its Board” |
Professor Rangarajan Sundaram was featured for joining the Bombay Stock Exchange (BSE) Training Institute’s board of directors. |
Bloomberg: “Treasury Hires Perella to Help With Sale of Ally Stake” |
Professor Eric Dinallo was cited for his former role as New York’s insurance superintendent, with additional pick-up in Financial Times and London South East. |
iStockAnalyst.com: “World Market Valuation Heat Map” |
Professor Aswath Damodaran’s data was used to create a world market valuation heat map, with additional pick-up on Minyanville.com and WallStCheatSheet.com. His talk on global investment strategy and valuation at the CFA Institute Conference was highlighted in MoneyControl.com. |
PCR-Online.biz: “IBM Celebrates 100 Years of Computing Innovation” |
Professor Ralph Gomory was featured for his introduction of the IBM Centennial film and his role as the former director of IBM Research. |
ArtInfo.com: “New National Arts Index’s Advice to Struggling Nonprofits? ‘Die with Dignity’” |
Professor Michael Moses’s co-created Mei-Moses Art Index was cited as a resource for advocacy group Americans for the Arts’ new National Arts Index. |
Forest Park Review: “Back to Reality: Forest Park” |
Professor Amity Shlaes’s book, The Forgotten Man, was discussed at the Centuries & Sleuths bookstore on January 30. The book was also referenced on World Net Daily and Amarillo.com. |
Financial Times: “Gilts in Line For Worst Fixed Income Investment” |
Professor Richard Sylla’s co-authored book, A History of Interest Rates, was cited. The book was also referenced on Canada.com. |
STLToday.com: “Stages's Jack Lane to Produce Play on Broadway” |
Professor Aldo Scrofani was cited as a Broadway veteran and producer of Neil LaBute’s play “Fat Pig.” |
Bakersfield.com: “Relief for Painful Holiday Debt ‘Hangover’” |
Professor Priya Raghubir’s co-authored study, examining the differences in spending behavior when paying with cash instead of credit, was referenced. |
The Economist: “The Beautiful and the Damned” |
Professor Thomas Philippon’s co-authored research on financial sector compensation was cited, with additional pick-up in two Bloomberg pieces, a Harvard Business Review blog, two Washington Post pieces, TIME and nine other outlets. |
The Huffington Post: “Obama Embraces the ‘Economic Philosophy That Has Completely Failed’” |
Professor Paul Romer’s co-authored paper on the temptation of accounting fraud was highlighted, with additional coverage on Truth-Out.org. |
Money Science: “Xavier Gabaix Awarded American Finance Association Fischer Black Prize 2011” |
Professor Xavier Gabaix was featured as the recipient of the 2011 American Finance Association’s Fischer Black Prize, a biannual award given to a financial economist under age 40 for a body of original research that is relevant to finance practice, with additional pick-up in PR.com. |
The Kansas City Star: “Emerging Business News in Brief” |
Professor Alexander Ljungqvist was featured as the recipient of the 2011 Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship, a biannual award given to a scholar younger than 40 whose research has made a substantial contribution to entrepreneurship literature, with additional coverage in two other outlets. |
The Miami Herald: “Budgeting Calls for Perfect Timing” |
Professor Vicki Morwitz’s coauthored study, finding that the uncertainty inherent in longer-term budgets helps people budget more accurately, was featured. |
San Francisco Chronicle: “How to Calculate a Z-Score” |
The Altman Z-Score, developed by Professor Edward Altman to predict corporate bankruptcy, was featured. |
Seeking Alpha: “New REIT ETF: Stocks Correlation Only 74% Now” |
Nobel Laureate Professor Robert Engle was highlighted for his 2003 Nobel Prize for developing a class of models including the Dynamic Conditional Correlation with Generalized Autoregressive Conditional Heteroskedasticity model. |
CBS Moneywatch: “Kate Middleton, the New Style Icon, Off Limits to Advertisers” |
Professor David Yermack’s research showing how First Lady Michelle Obama’s fashion choices can move markets was referenced. |
CBS Moneywatch: “Does the Evidence Behind Active Share Hold Up?” |
Professor Antti Petajisto’s research on Active Share was featured, with additional coverage in another CBS Moneywatch piece. |
Business News Daily: “Consumers Prefer Simple Product Design and Coloring” |
Professor Sam Hui’s co-authored study, looking at consumers’ color preferences in product design, was featured, with additional pick-up on Newswise.com. |
The Financial Express: “The Irish Question” |
Professors Viral Acharya, Itamar Drechsler and Philipp Schnabl’s research on the direct costs of bank bailouts was featured. |
Science Letter: “New Corporate Finance Study Findings Recently Published By Researchers at New York University” |
Professor Kose John’s co-authored research, studying the way in which risk-shifting incentives and debt covenant design are affected by the time at which a company resolves the uncertainty surrounding the development and release of its products or services, was featured. |
The Wall Street Journal: “Tie Fees to Performance?” |
Professors Edwin Elton and Martin Gruber’s study on how incentive fees affect a fund manager’s performance was cited, with additional coverage on MutualFundWire.com. |
Investment Weekly News: “Research from New York University Provide New Insights into Accounting” |
Professor Baruch Lev’s co-authored research on the usefulness of accounting estimates in improving financial information was highlighted. |
Investment Weekly News: “Study Findings From New York University Provide New Insights into Accounting” |
Professor Joshua Livnat’s co-authored research, considering whether the tone used in the management discussion and analysis section of SEC filings can affect stock prices, was featured. |
Faculty Speaking Engagements |
IDEXonline.com: “GIA Announces Business Track Speakers for Symposium 2011” |
Professor Scott Galloway will give a talk entitled, “The New Rules of Engagement – Finding and Keeping Customers in the Digital Age,” at the Gemological Institute of America’s 2011 Symposium on May 29-30, with additional pick-up in Targeted News Service. His co-created Digital IQ Index for public sector institutions was highlighted in Entertainment Close-up. |
States News Service: “DMEF Launches Dynamic New Speakers Series” |
Professor Russell Winer will speak about mobile marketing on March 10, as part of the Direct Marketing Educational Foundation’s speaker series. |
The Washington Daybook: “General News Events” |
Professor Paul Romer’s participation in a discussion on charter cities, sponsored by the Council on Foreign Relations, was highlighted, with additional coverage on Reuters Daybook. |
States News Service: “International University Rankings and the Race for World-Class Status: A Public Forum, Thurs., Feb 3 at 5 PM” |
Professor Robert Frank's talk on international university rankings at a February 3 forum hosted by NYU Steinhardt and the Institute for Public Knowledge was highlighted. |
Stern's Programs & Community |
Bloomberg Businessweek: “New Zealand’s Dollar Falls After Home-Building Approvals Drop” |
Executive MBA student Eric Viloria was cited for his outlook on the New Zealand dollar. He was also cited for his thoughts on the euro on Bloomberg and Bloomberg Businessweek. |
Financial Times: “Upfront: News and Views” |
The NYU Stern course “Luxury Marketing 2.0” was featured as part of a trend story highlighting the diversity of MBA elective course offerings. |
Washington Square News: “Stern Freshman Funds Trips of a Lifetime” |
Undergraduate student Josh Kogan was featured for his co-founded nonprofit “Trip of a Lifetime,” which identifies underprivileged students from the tri-state area who want to travel and sends them on trips to the West Coast to foster leadership skills, confidence and a wider sense of the world. |
The Huffington Post: “College Students: Stop Stressing!” |
Undergraduate student Scott Gamm shared advice on how college freshman can address their anxieties about the future. |
The Wall Street Journal: “Feb. 8 Ruling is Possible in Airgas 'Poison Pill' Case” |
Member of the NYU Stern Board of Overseers Peter Schoenfeld (Arts '66, MBA '68) shared his thoughts on the potential takeover of Airgas, Inc. His prediction that Smurfit-Stone would be acquired was noted in STLToday.com. |
Congressional Documents and Publications: “House Financial Services Committee Hearing - Promoting Economic Recovery and Job Creation: The Road Forward” |
US Treasury Secretary Timothy Geithner’s speech at NYU Stern on financial reform was cited. |
The Hill: “GOP Rep.: Government Should Stop Trying to Prevent Foreclosures” |
The NYU Stern Salomon Center and University of Maryland’s joint conference, “The GSE’s, Housing and the Economy,” was referenced in the On the Money blog. |
Deccan Chronicle: “An Engineer and a Connoisseur” |
NYU Stern was cited for studying Keggfarms, a poultry breeding organization in India. |
Harvard Business Review: “A Model of Consistency in Communication” |
NYU Stern was cited in an article by alumnus JD Schramm (MBA '02) on the importance of consistent communication. |
Financial Times: “Express Yourselves” |
NYU Stern was highlighted in a trend story about top business schools using multimedia submissions to learn more about their applicants. |
The Montreal Gazette: “US Lawmakers, Groups React” |
Executive MBA student John Licata spoke on the effects of recommendations made by a special presidential commission in a report on the BP oil spill, with additional coverage in Reuters and CityAM.com. |
TechCrunch: “NYC Turing Fellows Drawing Top Tech Students to Big Apple Startups” |
MBA student Brendan Dickinson was highlighted for co-organizing the NYC Turing Fellows program, which aims to draw top computer science and engineering students to New York, with additional pick-up in Bezinga.com. |
ClearAdmit.com: “Clear Admit Career Services Director Q&A: Pamela Mittman, NYU Stern School of Business” |
Assistant Dean of Career Services and Leadership Development Pamela Mittman was interviewed on the recruiting process and career services at NYU Stern. |
Financial Times: “Learning to Cultivate a Global Mindset” |
Professors Maria Bartiromo, Bruce Buchanan and Timothy Collins’s new co-taught course, “Global Markets and Normative Frameworks,” aimed at preparing MBAs for global careers, was featured, with additional coverage in The Globe and Mail. |
The New York Times: “The Fed’s QE2 Traders, Buying Bonds by the Billions” |
MBA student Blake Gwinn was highlighted for his role as one of the Fed’s QE2 traders. |
Poets & Quants: “A ‘Yes’ from NYU Stern. A ‘No’ from MIT Sloan” |
A prospective MBA student shared thoughts on his acceptance to NYU Stern. |
Computer Weekly News: “Socialtext Announces New Yammer Migration Service” |
NYU Stern’s use of Socialtext’s social networking products was highlighted, with additional pick-up on Live-PR.com. |
New York Post: “Amateur Singer’s Surprise” |
NYU Trustee, Member of the NYU Stern Board of Overseers and Executive-in-Residence Chandrika Tandon was featured for her Grammy nomination, with additional coverage in Business Standard. |
CampusTechnology.com: “IT at Your Service” |
Chief Information Officer Anand Padmanabhan discussed the cultural shift in IT that accompanied NYU Stern’s implementation of a collaborative learning environment and educational portal, with additional pick-up on Rackspace.co.uk. |
Austin Business Journal: “US Defense Strategist Joins Austin Start-up” |
Member of the NYU Stern Board of Overseers Michael Jay Solomon (Parent '99) was cited for joining the board of e-commerce software firm Cinsay, with additional coverage on Live-PR.com. |
Seeking Alpha: “Measures Not Taken: Economic Interventions, and the Decision to Forgo Bank Reform” |
NYU Life Trustee and Chairman Emeritus of the NYU Stern Board of Overseers Henry Kaufman’s (PhD '58) thoughts on the inadequacy of the Dodd-Frank Act were cited. His reaction to the collapse of Lehman Brothers was highlighted on Business Insider. |
Investment Weekly News: “Scientists at New York University Detail Research in Accounting” |
PhD student Alina Lerman’s research on the effects of the SEC’s new 8-K disclosure requirements was featured. |
GMAC.com: “Effective Practices: NYU Blends Lights, Camera, Action…and Business” |
Professor Samuel Craig and MBA/MFA student Ryan Heller discussed NYU's MBA/MFA dual degree program for producers, a partnership between NYU's Stern School and Tisch Kanbar. |
Manhattan Chamber of Commerce: “Strategic Steps for Growth” |
The NYC Department of Small Business Services’s management training program, Strategic Steps for Growth, delivered in conjunction with NYU Stern's Berkley Center for Entrepreneurship & Innovation, was featured, with additional coverage in Diversity Plus Magazine, NYSenate.gov and States News Service. |
MBAUniverse.com: “International Finance Conference 2011 by IIM Calcutta” |
Professor Jeffrey Wurgler’s keynote address at the Indian Institute of Management Calcutta’s International Finance Conference was highlighted. |
Private Equity Insider: “With Strong Debut, GE Vets Market Fund 2” |
Member of the NYU Stern Board of Overseers Ronald Blaylock (MBA '89) was highlighted as a co-founder of GenNx360 Capital Partners. |
TODAY Show: “Ice Cube Talks TV, Film and Music” |
Undergraduate student Annie Qian, who plays Kelly on the TBS show "Are We There Yet," appeared in a featured scene clip. |
Expert Commentary from Faculty |
Bloomberg: “Banking Insight Comes From Pitcher’s Sore Arm” |
In an op-ed, Professor Amity Shlaes used Kansas City Royals’ pitcher Gil Meche’s behavior under a contractual relationship as an example of character traits needed to strengthen the US economy, with additional pick-up in Bloomberg Businessweek and The San Francisco Chronicle. In four other Bloomberg op-eds, she contended that Obama’s spending push will suffocate job growth, that the Taylor Rule II showed which Fed policies work best and that the Arizona shootings must mark the end of hate talk, and discussed the Beckham Law, a tax incentive scheme that motivates athletes to relocate, with additional pick-up in two Bloomberg Businessweek pieces, Crain’s Cleveland Business and Silver City Sun News. In a Forbes op-ed, she reflected on the attachment to economic theory and jargon in financial news commentary, with additional coverage in another Forbes piece. She commented that investors familiar with Friedrich August von Hayek’s economic theory made money in the downturn on CTV. Her article comparing Maine and New Hampshire’s tax differences was cited in Maine Ahead. |
Financial Times: “The Era of Cheap Capital Draws to a Close” |
In a co-authored op-ed, Nobel Laureate Professor Michael Spence argued that cheap capital is getting more scarce and preparations must be made against a future of sovereign capital hoarding, with additional pick-up in Financial Times Deutschland. In an op-ed for Politico, he outlined how China can successfully navigate economic structural changes. In an op-ed for Newsweek, he listed five essential economic policies that could fix the global economy, with additional pick-up in Project-Syndicate.org, JoongAng Daily, The Moscow Times and five other outlets. His thoughts on the Israeli economy were cited on Bloomberg, Jewish Telegraphic Agency and TheMediaLine.org. |
The Wall Street Journal: “SecondMarket: We’re Not Just a Private-Shares Exchange, You Know” |
Professor Lawrence Lenihan discussed SecondMarket Holdings Inc.’s business strategy on the Venture Capital Dispatch blog. |
Financial Times: “Saving the Euro” |
In an op-ed, Professor Nouriel Roubini outlined steps that could save the Euro. In a co-authored op-ed on ForeignAffairs.com, he contended that we are now living in a G-Zero world, with additional pick-up on CNBC and Markets247.com. In a Newsweek op-ed, he described the reasons Chinese consumers save while they should spend. He laid out the risks to the global economy and his global economic outlook in two Bloomberg pieces, two CNBC pieces, three MarketWatch pieces, a New York Times blog, The Wall Street Journal and five other outlets. His comments from World Economic Forum in Davos were cited in two BBC News pieces, Financial Times, 11 CNBC pieces, CNNMoney and five other outlets. He weighed in on the Middle East’s economic and political crisis on Aljazeera.net, Bloomberg and three CNBC pieces. His thoughts on issues facing the Eurozone were cited in The Australian, two Bloomberg pieces, CNBC and four other outlets. He commented on US fiscal problems in two Bloomberg pieces, Chicago Breaking Business, three CNBC pieces and five other outlets. His thoughts on the impact of rising food and energy prices were referenced in two Bloomberg pieces, CNNMoney, The Wall Street Journal and two other outlets. He was also interviewed by Steve Forbes on the housing sector, the US equity market and Muni Bonds in Intelligent Investing with Steve Forbes, with promotion and additional coverage in two Forbes.com pieces. His appearance in the film Inside Job was highlighted in The Huffington Post and AllVoices.com. He was cited for his economic analyses and predictions in four Bloomberg pieces, Financial Times, a Forbes.com blog, a New York Times blog and 31 other outlets. |
Deia.com: “Obama Advierte del Peligro de Perder la Hegemonía” |
Professor Philipp Schnabl noted the lack of short-term job creation plans in Obama’s stated commitment to public investment in renewable energy. |
The New York Times: “Corporate Tax Code Proves Hard to Change” |
Professor Aswath Damodaran pointed out the disparity in corporate tax rates paid by young high-tech firms and old-line firms, with additional coverage in the New York Times Economix blog and The Washington Post. His thoughts on Goldman Sachs’s Facebook valuation were featured on BVWireNews. He cautioned against basing investments on non-financial indicators whose correlation may be purely chance in Financial Post. He cited the three factors in stock buybacks that might have a share price impact on Motley Fool. |
Financial Times: “Take Fannie and Freddie Off the Road” |
Professor Matthew Richardson commented on the challenge of giving up government support in the mortgage industry. |
The Huffington Post: “Obama Whistles Past Economic Graveyard in Deluded SOTU Address” |
Professor Ralph Gomory was cited for his view that many experts in the US are under an “Innovation Delusion” with an erroneous belief that ideas and innovation, rather than production, will lead the country to prosperity. |
CNNMoney: “Inflation? No Problem…If You Avoid Food” |
Professor Thomas Cooley noted that rising food prices indicate growing demand in emerging markets, signaling that the global economy is rebounding. He talked about municipal budgets on Fox Business Network and emerging economies on Arirang TV. |
CNNMoney: “Paulson Cashes in on Citi Comeback” |
Member of the NYU Stern Board of Overseers John Paulson (BS '78) was cited for his top investments and his hedge fund’s 2010 performance in more than 140 international and national outlets. |
Council on Foreign Relations: “Charter Cities: New Options for the Bottom Billion” |
Professor Paul Romer was featured for his presentation on charter cities as a viable path to growth in developing countries, with additional coverage in a Council on Foreign Relations blog and Federal News Service. |
The Daily Beast: “A Triumphantly Unmemorable Address” |
In an op-ed, Professor Tunku Varadarajan argued that Obama’s 2011 State of the Union Address showed a president aware of his limitations, and that this awareness is good for the United States. |
The Hollywood Reporter: “SUNDANCE: How Bob Dylan and the Grateful Dead Helped a Movie Get Made” |
Professor Peter Newman shared his experience on acquiring music rights for his movie The Music Never Stopped. |
The Wall Street Journal: “Nielsen's Post-IPO Challenge: Preserving Ratings Monopoly” |
Professor David Poltrack shared his thoughts on innovation at Nielsen Holdings. |
Forbes.com: “Thomson Reuters Touts ‘Knowledge Effect’ in New Corporate Branding Campaign” |
In the Media Geek blog, Professor Alvin Lieberman described Thomson Reuters’s new branding campaign as a positive move that expands the public’s perception of their core business. |
WNYC: “City Debuts Winter Broadway Discount Program” |
Professor Priya Raghubir said Broadway Week is a way for the city to create long-term customers but warns that it might make theater-goers reluctant to pay full price tickets again. |
The New York Times: “Maybe Japan Was Just a Warm-up” |
Professor Edward Lincoln said that US companies’ investments in China and Japan rely on the US companies' ability to innovate faster than their local competitors, with additional pick-up in The International Herald Tribune. |
The Agéfi Switzerland: “Mathematics to Prevent the Worst” |
Nobel Laureate Professor Robert Engle discussed the role of regulation in managing systemic risk, with additional coverage in another Agéfi Switzerland piece. |
CTV: “Live by the Celebrity CEO, Die by the Celebrity CEO?” |
Professor Eileen Fischer explained how pairing a product with a persona helps create a sense of authenticity for a brand. |
Fox Business: “Dismantling Conglomerates Becomes Trendy Again” |
Professor Richard Sylla explained the benefits of de-conglomeration and how unsuccessful diversification in the 1960s led many conglomerates to break apart in the next decade, with additional pick-up in The Wall Street Journal. He contributed to a Slate article on prosecutions following the market collapse in 1929. |
The Wall Street Journal: “Big, Brash, Bold and...Exposed?” |
Professor Joseph Porac pointed out the negative repercussions of long-term public exposure and noted a trend in publicity-shy CEOs. |
The Wall Street Journal: “Apple Gives Minimal Disclosure About Jobs's Health” |
Professor Karen Brenner noted that Apple is not required to disclose details on CEO Steve Jobs’s medical condition other than how it may affect his availability, with additional pick-up in Bloomberg, Bloomberg Businessweek, CNBC and 101 other outlets. |
Bloomberg: “Ponvert, Torrenzano, Galloway Interview on Apple's Jobs” |
Professor Scott Galloway was interviewed on Apple CEO Steve Jobs’s recent medical leave and the outlook for the company. He was also interviewed on Intel’s marketing and Goldman Sachs’s stake in Facebook in two separate Bloomberg pieces, with additional pick-up on Bezinga.com and WallStreetPit.com for the latter. |
Bloomberg: “Trichet Bonds Echoing Brady Plan Offer Fix for EU Debt Crisis: Euro Credit” |
Professor Roy Smith proposed swapping old debt for “Trichet bonds,” new tradable 30-year securities, to help nations avoid a default. He noted the constraint on Bank of America’s financial and talent resources in Bloomberg. He commented on the structure of investment banks in Handelsblatt and on the SEC’s proposal for new rules on conflict of interest disclosures on SmartMoney. |
The New York Times: “Solution to Crowded Schools? How About Birth Control?” |
Professor Eric Greenleaf predicted a shortage of 1,000 seats in downtown elementary schools in the next five years in the City Room blog, with additional coverage in two New York Post pieces, NY1, WCBS and five other outlets. His remarks on overcrowding in Manhattan’s downtown elementary schools were featured in Downtown Express and The Tribeca Trib. |
CNN: “8 Ways Women Can Get Ahead in the Workplace” |
Professor Sheila Wellington argued that gender still matters in the workplace and that women are less likely than men to ask for a pay raise. |
The Wall Street Journal: “Trading Spike Seen Just Before ADP Report” |
Professor Bernard Donefer said that having knowledge on interest rate differentials would allow advantageous trading in foreign exchange markets. |
The Wall Street Journal: “Finance Jobs Vanish, But Not as Fast as Job Seekers” |
Professor Lawrence White commented on the diminished labor force in the post-crisis financial sector on the Deal Journal blog, with additional coverage on FINS Finance. |
New York Post: “Friending Oscar” |
Professor Amir Malin emphasized the importance of designing an Oscar campaign to ensure that the hype does not peak too early. He shared his thoughts on the uncertain direction of the video-on-demand systems market and noted that theatrical distribution remains the highest revenue generator for higher budget films in two Wall Street Journal pieces. |
VoxEU.org: “Short Selling and OTC Derivatives Policy Options” |
Recent articles by Professors Viral Acharya, Thomas Cooley, Nobel Laureate Robert Engle, Matthew Richardson, Richard Sylla and Ingo Walter on financial regulation were referenced. |
The Wall Street Journal: “More Bank Reforms Needed, Economists Say” |
Professor Viral Acharya underlined the need for a mechanism that can address a run on credit markets and the shadow banking sector at the same time. |
The Wall Street Journal: “Bets in '11: Pop, Calder, Chinese Coins” |
Professor Michael Moses noted the shift in collectors’ purchasing behavior, from chasing value to ‘riding the wave.’ |
Financial Times: “US Considers Three-tier Prop Trading Fight” |
Professor William Silber said that the proposed multi-tiered test to regulate proprietary trading would be more effective if regulators also performed surprise visits to trading desks. |
Fortune: “Sheriff Volcker Leaves Wall Street Untamed” |
Professors Roy Smith and Richard Sylla shared their thoughts on Wall Street regulation, the former arguing that Dodd-Frank provides regulators with ample power over the banks and the latter expressing concern that lawmakers are serving the banks' interests. |
New York Daily News: “Starbucks Debuts New Logo; Will Coffee Customers Recognize the Siren Symbol on New Wordless Logo?” |
Professor Sam Craig contended that the new wordless Starbucks logo lacks the brand name’s strong identity, with additional pick-up on Asian News International and DailyIndia.com. He was interviewed for a segment on NHK about the growing convergence between TV and the Internet after years of false starts. |
CNBC: “Invest Like its 1995: Strategist” |
Member of the NYU Stern Executive Board and Professor Richard Bernstein (MBA '87) predicted growth for the US stock market, with additional coverage in another CNBC piece, Moneylife and three other outlets. He said that the US economy is in the early phases of a new bull market on Business Insider. He discussed his bullish views on the dollar on MarketWatch. |
Forbes.com: “10 Questions You’d Better Ask Your Boss” |
Professor Joe Magee underlined the importance of personal engagement with one’s workplace superiors and suggested 10 questions that could help facilitate dialogue between an employee and his or her boss. |
Albany Times Union: “Schneiderman Snags Spitzer Era Veterans and a Schumerite” |
Professor Eric Dinallo praised New York State Attorney General Eric Schneiderman’s recent appointments in the Capitol Confidential blog, with additional pick-up in Media Newswire. |
MIT Technology Review: “How Mechanical Turk is Broken” |
Professor Panagiotis Ipeirotis contended that the problem of poor workmanship on Amazon’s Mechanical Turk is the result of the service becoming a ‘market for lemons’ where sellers have no way of evaluating worker quality prior to hiring, with additional coverage on Poynter.com and TechEye.net. |
IPE Magazine: “Growth Still Illusory” |
Professor Kermit Schoenholtz saw no indication of a long-term surge in Japan's interest rates, given a government committed to fiscal restraint. |
PR Week: “Educational Experiences” |
In an op-ed, Professor Jeffrey Sharlach outlined why business professionals should study communications and learn about public relations, with additional pick-up on ArrobaNews.com. |