Stern in the News: October 2010
In October, NYU Stern generated nearly 1,000 media hits. Stern faculty were featured for their research and perspectives on a variety of subjects including the currency wars, the outlook for Latin American economies, Amazon’s Mechanical Turk and the history of market plunges in a number of prominent outlets such as Bloomberg, the Financial Times and The New York Times. Additionally, in some 34 op-eds, Stern faculty discussed the Dodd-Frank Act, Jon Stewart and Stephen Colbert’s Rally to Restore Sanity and/or Fear, the real estate tax, index funds and risk-management strategies for banks.
Please continue reading for news highlights from October 2010.
| Faculty Research & Accolades |
Financial Times: “New Congress, New Closet” |
Professor David Yermack’s research showing how First Lady Michelle Obama’s fashion choices move markets was featured. Additional coverage appeared in November's Harvard Business Review, ABC’s Good Morning America, the BBC World Service, a Los Angeles Times blog, a New York Magazine blog, three New York Times blogs, NPR, Time.com and 22 other outlets. |
The Wall Street Journal: “Artifacts: Score One for Team Warhol-Rothko” |
The Mei-Moses Art Index, co-developed by Professor Michael Moses, was used to measure movements in the contemporary art market. |
Economics Week: “Business & Economic Statistics: New Findings in Business & Economic Statistics Described from New York University” |
Professor Clifford Hurvich’s co-authored study on the relationship between the market’s microstructure and lower frequency observations was featured. |
Seeking Alpha: “Why Some Theoretical Market-Beating Strategies Fail in the Real World” |
Professor Aswath Damodaran’s research on how transaction costs can explain why market strategies that are successful on paper fail in the real world was referenced. His books, Investment Fables and Investment Philosophies, were cited in two separate Motley Fool pieces. He was given a 2010 Distinguished Alumni Award from the Indian Institute of Management Bangalore (IIMB) Alumni Association, according to The Hindu, The Times of India, NetIndian.com and three other outlets. His research on the average returns of US stocks was referenced in the International Business Times. |
The Wall Street Journal: “Buying Junk Food with Plastic” |
Professor Manoj Thomas’s research on the increased tendency of consumers to purchase unhealthy goods when using credit cards instead of cash was featured on the Real Time Economics blog, with additional coverage from Telegraph.co.uk, Time.com, U.S. News & World Report, Sky News, two Cornell Daily Sun pieces and five other outlets. |
AllAfrica.com: “South Africa: Seven Per Cent Growth – What Will It Take? |
Nobel Laureate Professor Michael Spence’s chairmanship of the Commission on Growth and Development was highlighted. His association with the Institute for New Economic Thinking and criticism of free market dominance was emphasized on FundStrategy.com. His 2001 Nobel Prize in Economics on the impact of asymmetric information on markets was cited on a Harvard Business Review blog, The Huffington Post and a Washington Post blog. His service on the awards committee of the 2010 Oslo Business for Peace Awards was reported in The Financial, IceNews, TheStar.com and WebWire.com. He attended the Quebec City Conference, described by organizers as Canada's answer to the Davos World Economic Forum, according to Montreal Gazette. |
The New York Times: “What Happened to Change We Can Believe In?” |
Professor Nouriel Roubini’s cameo in the new movie “Inside Job” was highlighted, with additional coverage on CNBC, Forbes.com, The Huffington Post, three New York Times blogs and six other outlets. His latest book, Crisis Economics: A Crash Course in the Future of Finance, was reviewed in The New York Review of Books and featured on Bloomberg. He participated in the Intelligence Squared Debate at NYU’s Skirball Center, according to Washington Square News. He spoke at the Latin American Iron and Steel Congress in Buenos Aires, which was reported by El Norte. His talk at the Google Zeitgeist conference on the global economic outlook and potential bright spots in the economy was featured in Seeking Alpha. |
mbaMission.com: “Professor Profiles: Adam Brandenburger, NYU Stern School of Business” |
Professor Adam Brandenburger was profiled for his numerous teaching awards and ability to condense and restate complex material into easily understandable classroom content. |
Southern Chester County Weeklies: “Local Men Given Awards by Chester County Community Foundation – Downwind” |
Professor Richard Sylla was the keynote speaker for the Hagley Conference, held November 4. |
VoxEU.org: “Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance” |
Professor Viral Acharya was interviewed on NYU Stern’s new book, Regulating Wall Street, his thoughts on the ramifications of the Dodd-Frank Act and a number of global regulation issues. |
Laurel Leader-Call: “DC Out of Control” |
Professor Amity Shlaes’ book, The Forgotten Man: A New History of the Great Depression, was referenced, with additional coverage on Kitsap Sun. |
MarketWatch: “On This Day 23 Years Ago, the Stock Market Crashed” |
Professor Xavier Gabaix’s research on how huge market plunges are actually an inherent aspect of the investment landscape was featured. |
Inside Indiana Business: “Culver Dedicates Entrepreneur School” |
Professor Jill Kickul was a featured guest at the naming ceremony for the Ron Rubin School for the Entrepreneur, with additional coverage on the SunHerald.com. |
Investopedia.com: “IPO Lock-Ups Stop Insider Selling” |
Professor Matthew Richardson’s paper on the effect of IPO lock-ups on trading volume and price movement was cited. |
Economics Week: “Transport Economics and Policy: Recent Studies from New York University Add New Data to Transport Economics and Policy” |
Professor William Greene’s co-authored paper on influence assessment showed that use of the ordered choice model resulted in behavioral improvements over the simpler model. |
ProPublica.org: “Reporting Recipe: Using Amazon’s Mechanical Turk for Data Projects” |
Professor Panagiotis Ipeirotis was cited for his work on Amazon’s online marketplace, Mechanical Turk, with additional pick-up in another ProPublica.org article. |
The Boston Globe: “Stance on Freddie and Fannie Dogs Frank” |
NYU Stern’s data on the debt-to-capital ratio of insurance giants Fannie Mae and Freddie Mac was referenced. |
Politifact.com: “The Truth-O-Meter Follows Texas Politicos on Twitter” |
Professor Scott Galloway’s co-authored study, finding Republican senators more competent social media users than Democratic senators, was featured. The ‘Digital IQ Index,’ a ranking of prestige brands’ digital competence produced by his think tank, L2, was highlighted in a Financial Times blog, Business of Fashion, DiamondNe.ws, Fibre2Fashion.com, IDEXOnline.com and Marketing Weekly News. The Australian also featured the Digital IQ Index for its ranking of brands in China. |
Reuters: “BlackRock, Jardine Lloyd, Crossbridge Capital” |
Professor Anthony Karydakis was hired as the senior economist of the corporate and investment banking segment of Commerzbank AG. |
VoxEU.org: “Ensuring Globalisation After the Great Crisis” |
Dean Peter Henry’s co-authored paper on risk sharing and asset prices was referenced. |
TheStreet.com: “Profiting from Post-Reorganization Names” |
The Altman Z-score, developed by Professor Edward Altman for diagnosing and predicting bankruptcy, was cited, with additional pick-up on Yahoo! Finance. |
Science Letter: “Management Science: Research from New York University Provides New Data about Management Science” |
Professor Robert Salomon’s co-authored study, showing that exporting increases innovative productivity for both technologically leading and lagging firms, was highlighted. |
CNBC: “Winners of the Nobel Economics Prize” |
Nobel Laureate Professors Robert Engle and Michael Spence were recognized as past winners of the Nobel Prize in Economics, with additional pick-up in Victoria Advocate. |
Los Angeles Times: “Forbidding Cell Phone Calls on Airplanes Might Protect Sanity More than Safety” |
Professors Amitav Chakravarti, Vicki Morwitz and Priya Raghubir’s study on “the going home effect” was cited, with additional pick-up from Pittsburgh Post-Gazette and AARP. |
Boston Globe: “The Big Letdown” |
Professor Justin Kruger’s co-authored study, showing how people tend to blame the decision-maker for poor outcomes despite having poor choices, was cited. |
Seeking Alpha: “Languishing Labor Force” |
Professor William Baumol’s assertion on the relationship between GDP and output per hours worked in his co-authored textbook, Economics: Principles and Policy, was referenced. |
Reuters: “Fed Wary of Overlap with New Research Office” |
Nobel Laureate Professor Robert Engle was cited as a potential candidate for the directorship of the Treasury Department’s new Office of Financial Research. |
WebNewsWire: “The Aspen Institute Announces the 2010 Faculty Pioneers and Dissertation Proposal Awards” |
Professors Rachel Kowal and Larry Zicklin were judges for the Aspen Institute’s 2010 Faculty Pioneer and Dissertation Proposal Awards, with additional coverage in States News Service. |
AllAboutAlpha.com: “Hedge Fund Transparency: Careful What You Wish For…” |
Professor Stephen Brown’s co-authored study, which found that transparency might allow some investors to profit, was cited, with additional pick-up in Seeking Alpha. |
The Wall Street Journal: “Pregaming the Economics Nobel: Don’t Bet On It” |
Professor Paul Romer was touted as a possible 2010 Nobel recipient for his contributions to developing growth theory in the Real Time Economics blog, with additional coverage in RIA Novosti. |
Financial Times: “The Rise and Rise of Correlation” |
Professor Jeffrey Wurgler was cited for his paper on the homogenizing impact that index-linking has on a stock’s performance. |
Economics Week: “Study Results from New York University in the Area of Corporate Finance Published” |
Professor Kose John’s co-authored research on the effects outside monitoring has on CEO compensation was featured. |
| Harvard Business Review: “Defend Your Research: Commercials Make Us Like TV More” October 2010 |
Professor Tom Meyvis’s co-authored study on the experience-enhancing effects commercials have on the television viewing experience was featured, with additional coverage on BNet.com. |
Men’s Health: “Cash Test Dummy” |
Professor Priya Raghubir’s co-authored studies on how credit cards subconsciously trigger consumers to spend more were cited. |
Stern's Programs & Community |
Financial Times: “The French MBA Conference – An Impressive Event” |
MBA student Chloe Weisberg, who was selected by the Financial Times to blog about her business school experience for the year, shared her thoughts on the recent French MBA Conference, co-hosted by NYU Stern. She also gave advice on taking leadership roles in school clubs in another MBA Blog post. |
BBC: “Dream Recording Device 'Possible' Researcher Claims” |
Post-doctoral scholar Moran Cerf’s research on brain-machine connections that point to the possibility of developing dream recording technology was featured, with additional coverage from ABC News, Bloomberg, TIME, an MIT Technology Review blog, New Scientist, The Scientist, a Wired News blog and 18 other outlets. |
The Huffington Post: “Here’s Really Why Your Insurance Rates Go Up – And Then Don’t” |
Vice Chairman of NYU's Board of Trustees and Chairman of the Stern Board of Overseers William Berkley (BS '66) was cited for his expectation that insurance prices will increase modestly in the fourth quarter of the year. |
CNBC Asia: “Lock in Profits and Buy on Dips” |
MBA student John Licata discussed investment strategies, and Professor Nouriel Roubini’s speech on the Argentinean economy was referenced. |
Washington Square News: “At NYU, Tenure Policies Vary from School to School” |
Vice Dean of Faculty and Professor Ingo Walter discussed NYU Stern’s tenure review process, hiring practices and the positive effect of performance pressure that young professors have on senior faculty. |
CityBizRealEstate: “Avatar, JEN Complete $62M Portfolio Sale” |
Member of the NYU Stern Board of Overseers Reuben Leibowitz (MBA '75, Law '79) joined Avatar Holdings Inc.’s board of directors, following a significant sale from JEN Partners LLC where he is a managing director. |
Entertainment Close-up: “XanEdu and NYU Stern Perform Large-Scale iPad Testing in MBA Classes” |
Vice Dean of MBA Programs Kim Corfman and Chief Information Officer Anand Padmanabhan discussed NYU Stern’s partnership with XanEdu to test the use of iPads in MBA classes, with additional pick-up on WWJ News Radio. |
Financial Times: “Business Schools Face EMBA Challenge” |
Director of Executive MBA Recruitment and Admissions Liane Kentas said that 40 percent of students enrolled in Stern’s Executive MBA program are either doctors or have PhDs. |
Financial Times: “Meet the Dean: Glenn Hubbard of Columbia Business School” |
NYU Stern’s prime New York City location was highlighted as an asset to learning and a competitive advantage against other business schools. |
Financial Times: “Rising Demand: Executive MBA Sector Shows Healthy Growth” |
The TRIUM Global Executive MBA, a joint program with NYU Stern, LSE and HEC Paris, was featured, with additional coverage in another Financial Times piece. |
Financial Times: “Q&A: EMBA 2010” |
Assistant Dean of the TRIUM Global Executive MBA Program & NYU Global Programs Erin O’Brien answered questions from students about Executive MBA programs and their value as an investment in one’s personal and professional future. |
Edmonton Journal: “Takin’ It to the Streets and Beyond” |
Undergraduate student Jasmine Genge was interviewed for her fashion blog C'est Classique. |
Jewish Times of South Jersey: “Falling in Love in Jerusalem” |
Alumnus and 2006 winner of the Stewart Satter Social Entrepreneur of the Year Award Scott Bernie (MBA ’99) was interviewed about his company, Impulse Creative Productions LLC’s new movie, “Jerusalem, I Love You.” |
NYConvergence.com: “Future of TV to be Debated at November Conference” |
NYU Stern hosted the 2010 Future of Television Conference, featuring Starz President & CEO Chris Albrect, on November 19. |
Bharat Textile: "Anvil Knitwear as a Top Leader in Sustainability" |
NYU Stern was represented on a committee that chose the Foundation for Social Change’s "Leaders of Change" awardees. |
Washington Square News: “Ernst & Young CEO Speaks at Stern” |
Ernst & Young Chariman & CEO James Turley addressed the challenges facing global markets and offered career advice to students at the NYU Stern CEO Series; undergraduate student Li Lin was cited. |
NYULocal.com: “Panel: Diversity Programs Can Help Some Minorities and Hurt Asians” |
Stern undergraduate students Bryan Ting and Juan Arenas participated in a panel on diversity programs entitled, “Diversity Programs: Necessary, Unfair, or Both?” |
Bloomberg Businessweek: “Startup Fever: College Students Have It Bad” |
Stern alumna Katie Shea (BS '09) and former NYU classmate Susie Levitt were highlighted for their start-up footwear company, CitiSoles – an idea that Shea developed in a Business Startup Session at Stern. |
USA Today: “Three Ways College Students Can Avoid Credit Card Catastrophes” |
Undergraduate student Scott Gamm offered essential credit card advice to college students on the College blog. |
The New York Times: “Evening Hours” |
Member of the NYU Stern Board of Overseers Philip Milstein (MBA '74) was photographed at the Columbia University College of Physicians and Surgeons Crown Awards dinner. |
Bloomberg Businessweek: “Dollar Rebounds After Post-Fed Speech Sell-off” |
MBA student Eric Viloria was cited for his thoughts on the sudden rise of the dollar, with additional coverage in The New York Times and MarketWatch. His analysis of the dollar’s decline earlier in the month was cited in two CNBC pieces, Marketplace and three Reuters pieces. He was interviewed on the currency market’s volatility by Business News Network. |
FlyOnTheWall.com: “NYU Stern Salomon Center to Host a Symposium” |
NYU Stern Salomon Center's NASDAQ OMX Derivatives Project and Volatility Institute hosted a symposium entitled “Derivatives and Proprietary Trading in the New Regulatory Regime.” |
Portfolio.com: “Henry Kaufman, Roubini and Other Prophets of Doom Say Financial Crisis Continues” |
NYU Life Trustee and Chairman Emeritus of the NYU Stern Board of Overseers Henry Kaufman (PhD '58) and Professor Nouriel Roubini were highlighted for predicting the financial crisis. |
The Wall Street Journal: “Stop Bashing Business, Mr. President” |
In an op-ed, member of the NYU Stern Board of Overseers Kenneth Langone (MBA '60) implored President Obama to listen to the advice of experienced business leaders, contending that in the current regulatory climate, highly successful businesses like Home Depot would not be able to start. He also told CNBC that rich people should pay higher taxes and not receive Social Security checks. |
States News Service: “2010 Mergers & Acquisitions Competition, October 28-29 2010” |
NYU Stern was cited for participating in a past University of Maryland Robert H. Smith School of Business Mergers and Acquisitions Competition. |
InsuranceNewsNet.com: “World Business Leaders to Meet to Discuss Cross-Border M&A and Investment in the New East/West World Order” |
NYU Stern hosted the third annual “International Symposium on Cross-Border Investment and M&A,” sponsored by the International Institute for the Study of Cross-Border Investment and M&A (XBMA), with additional pick-up from NewsBlaze.com. |
Washington Square News: “Seniors Take Home the Crown in Stern ‘Class Wars’” |
Undergraduate students Sabrina Lakhani, Sandhya Kasturi, Lily Hou and Simon Yu described the Stern Class Wars, organized annually by the School's Student Council. |
New York Post: “The Upgraded Campus” |
Professor Thomas Pugel and Chief Information Officer Anand Padmanabhan discussed the new technology-based teaching methods at NYU Stern aimed at the new generation of students’ learning style. |
The Wall Street Journal: “Broker’s World: UBS Americas Unit More Independent Under McCann” |
Member of the NYU Stern Executive Board and Professor Richard Bernstein (MBA '87) partnered with the UBS Americas Unit to provide research and investment advice. He was honored as a long-time benefactor of Meals on Wheels, according to NewCityPatch. His management of a new global stock mutual fund for Eaton Vance Corp. was covered by Bloomberg, Bloomberg Businessweek, Pensions & Investments, two Business Insider pieces and two other outlets. His thoughts on small-value funds were cited in Investment News and TheStreet.com. |
Variety: “NYU Film Course Mixes Business with Pleasure” |
Professor Sam Craig and MBA/MFA students Heather Jack and Ryan Heller discussed the dual degree program for producers from NYU's Stern School and Tisch Kanbar's Institute of Film and Television, with additional coverage from IEWY News, States News Service and Targeted News Service. |
Reuters: “The Economic Case for Legal Marijuana” |
PhD student Katherine Waldock’s co-authored paper on the economic benefits of legalizing drugs in the US was featured, with additional coverage in The Harvard Crimson. |
NYConvergence.com: “Ultra Light Startups Host Bootstrapping Panel Event” |
NYU Stern hosted the Ultra Light Startups’ event, “Bootstrapped to Millions of Dollars in Profit,” on October 7. |
University of Texas at Austin News: “Tower Shines Orange Tonight” |
NYU Stern students participated in the Sixth Annual National Energy Finance Challenge hosted by the McCombs School of Business at The University of Texas at Austin. |
Wireless News: “Ping Identity and Socialtext Partner to Provide NYU Stern School of Business Next-Gen Collaboration Portal” |
Chief Information Officer Anand Padmanabhan discussed NYU Stern’s use of smart technologies, Socialtext and PingFederate, to ease collaboration and application access among students, staff and faculty, with additional coverage on CampusTechnology.com. |
The Epoch Times: “I Love New York, All of It” |
MBA/MFA student Ryan Heller discussed NYU Stern’s ProMotion Pictures initiative and this year's “I Love New York” promotional video campaign. |
Econoplay: “Career Centers: An Uptick in Recruiting Reflects Improved Prospects for 2011 Grads” |
Assistant Dean of Career Services and Leadership Development Pamela Mittman shared her optimism about career prospects for 2011 graduates. |
StudyInAmerica.com: “Lisa Rios: Associate Director of Admissions, NYU Stern School of Business” |
Assistant Director of MBA Admissions Lisa Rios participated in the 2010 Istanbul MBA All-Star panel, discussing the process of selecting the best fitting school and the unique benefits of an education at NYU Stern. Additional coverage of NYU Stern's participation in the panel appeared in Hurriyet Daily News and Economic Review. |
| Expert Commentary from Faculty |
Kathimerini (Greece) |
Professor Edward Altman talked about the possibility of a Greek bankruptcy. |
The Daily Beast: “Sanity is Overrated” |
In an op-ed, Professor Tunku Varadarajan considered the purpose of Jon Stewart and Stephen Colbert’s “Rally to Restore Sanity and/or Fear” and its consolatory effect after a certain Democratic defeat in the midterm elections. In six other op-eds in The Daily Beast, he identified the most important economic journalists of our times, described Forbes’s elevation of Michelle Obama as the most powerful woman in the world as a sexist compliment, explained why the likes of Paladino and O’Donnell are not what libertarians are looking for, predicted Cuomo’s NY gubernatorial victory post-debate, lamented the loss of Obama’s cosmopolitan boldness and reviewed The Daily Beast’s “Reboot America” summit. |
Financial Times: “A Presidency Heading for a Fiscal Train Wreck” |
In an op-ed, Professor Nouriel Roubini commented on the US’ unsustainable fiscal course, with additional coverage in a Barron’s blog, CNBC, Guardian.co.uk, San Francisco Chronicle and six other outlets. In an op-ed for the Australian Financial Review, he discussed the global competitive devaluation war and held that it will eventually lead to trade wars, with pick-up in Business Day, Social Europe, The Edge Malaysia and four other outlets. His US and global economic forecasts, suggestion of reducing payroll taxes, views on currency markets, perspective on potential trade wars and thoughts on gold were covered in two Bloomberg Businessweek pieces, two Bloomberg pieces, two Forbes.com pieces, The Globe and Mail, three International Business Times pieces, four pieces on MarketWatch, NPR, three Wall Street Journal pieces, three Financial Times Alphaville pieces, two Reuters blogs and 37 additional outlets. On a Bloomberg TV panel, he told leveraged-buyout firms to go ‘back to basics.’ The Denver Post covered his accusation of former US Senator Phil Gramm as the person responsible for the financial crisis. |
Marketplace: “Homeowners Still Facing Trouble Making Mortgage Payments” |
Professor Lawrence White explained the anxiety preventing lenders from doing loan adjustments. He was cited on Bank of America’s lifting of the foreclosure freeze on ABC News and KVOR. He told WNYC that New York and New Jersey’s foreclosure investigations may delay the housing market’s recovery. His thoughts on US housing wealth were cited in the Financial Times. He expressed concern over the way the FDIC measures a bank’s risk in Newsweek. |
Bloomberg: “Proprietary Trading Goes Under Cover: Michael Lewis” |
Professor Robert Wosnitzer was referenced on traders’ explicit intention to exploit the loophole in the Dodd-Frank bill, with additional coverage on the New York Times DealBook blog. |
Bloomberg Businessweek: “Democrats’ Estate Tax Plan Trips Next Secretariat: Amity Shlaes” |
In an op-ed, Professor Amity Shlaes warned of the havoc the real estate tax would wreak if politicians do not prioritize it on their agenda, with additional pick-up in the Minneapolis Star Tribune. She reviewed H.W. Brands’ American Colossus: The Triumph of Capitalism 1865-1900 for The Wall Street Journal, with additional pick-up on FutureofCapitalism.com. She discussed the possible de-incentivizing effect Obama’s veto of the Interstate Recognition of Notarizations Act can have on lending and the importance of contracts in Bloomberg, with additional pick-up in The Orange County Register. She made an analogy between the Great Depression and the board game Monopoly in order to explain the current state of the economy, according to Harrison Daily News Record. |
MyFoxNY: “Prisons vs. Schools” |
Professor Robert Salomon found the correctional budget to be a drain on New York State, saying it has a better inmate-to-officer ratio than schools’ student–to-teacher ratio, with additional coverage in another MyFoxNY piece. |
Reuters Insider: “Closet Indexing Make Up One-Third of Fund Assets” |
Professor Antti Petajisto was interviewed on the prevalence of closet indexing, the practice of fund managers investing in major indexes despite being paid to invest actively, with additional pick-up on eFinancialNews.com and TheMututalFundWire.com. He discussed its rise in another Reuters Insider piece. |
Project-Syndicate.org: “Obama at Halftime: Choices to be Made are Not Simple, Obvious or Clear-cut” |
In an op-ed, Nobel Laureate Professor Michael Spence said President Obama needs a more pragmatic, results-oriented agenda, with additional pick-up in The Daily News Egypt, Gulf Times, Korea JoongAng Daily, The Daily Star and TheStar.com. In an op-ed for the Caijing English Newsletter, he discussed the significance of the IMF for global economic coordination. He talked about the structural changes globalization is causing in the world’s leading economies in a Reuters blog. His comments on the entrepreneur-like traits of emerging economies were cited on CTV. His analysis of the Chinese, Indian and Brazilian economies’ quicker rebound was featured in the Denver Post, a Wall Street Journal blog, The Washington Post, The Colorado Business Springs Journal blog, FinFactsIreland and The Korea Herald. |
VoxEU.org: “A Critical Assessment of the Dodd-Frank Wall Street Reform and Consumer Protection Act” |
In a co-authored op-ed, Professors Viral Acharya, Thomas Cooley, Matthew Richardson, Richard Sylla and Ingo Walter assessed the Dodd-Frank Wall Street Reform Act and the Consumer Protection Act. |
The Wall Street Journal: “Bernanke's Inflation Target Misses the Mark” |
In an op-ed, NYU Life Trustee and Chairman Emeritus of the NYU Stern Board of Overseers Henry Kaufman (PhD '58) discussed the effect of an increased inflation rate. He spoke on Bloomberg TV about the US economy and financial system, Federal Reserve monetary policy and the housing market. His thoughts on the US recovery were featured on Financial-Planning.com. |
BuzzSaw: “The Crash, the Crisis, the Cleanup” |
Professor David Yermack ruminated on the causes of the financial crisis. |
Reuters TV: “Facebook Privacy at Issue Again” |
Professor Anindya Ghose was interviewed on the complexity and problems of Internet privacy, with additional coverage on CNTV. |
The Wall Street Journal: “Some High-End Retailers Invite Online Reviews” |
Professor Scott Galloway commented about online buyer reviews of luxury brands. |
TV Tokyo: “About ‘Volatility’” |
Professor Marti Subrahmanyam discussed volatility in financial markets. |
Seeking Alpha: “Gomory Calls for Import Certificates to Balance Trade” |
Professor Ralph Gomory argued for import certificates as a way to balance trade, with additional coverage in two Ideal Taxes Association pieces. In the Bellingham Herald, he discussed Benoit Mandelbrot, the father of fractional geometry. |
Bloomberg Businessweek: “Why Etiquette Schools are Thriving” |
Professor Patricia Bower was cited on the effects that growing up on the Internet have on one’s social skills, with additional pick-up in the San Francisco Chronicle. |
| Crain’s New York Business: “Donovan Disputed on Martin Act” October 14, 2010 |
Professor Eric Dinallo shared his thoughts on the Martin Act, with additional coverage in another Crain’s New York Business piece. The expenditures for his Democratic primary campaign for attorney general were cited in the New York Post, with additional coverage from the New York Law Journal. |
CNN: “Is China a Developing Country?” |
Professor Paul Romer’s comment on China’s aid programs was cited in the Business 360 blog. |
TheseFinancialTimes.com: “Fault Lines: How Hidden Fractures Still Threaten the World Economy” |
Professor Viral Acharya commented on a book review of the new book, Fault Lines: How Hidden Fractures Still Threaten the Economy. |
eFinancialNews.com: “Banks Must Rethink Their Strategies” |
In an op-ed, Professor Roy Smith called for radical changes across the banking industry, with additional coverage in two eFinancialNews.com pieces and The Wall Street Journal. |
Barron’s: “They Said What? Currency Coordination” |
Professor David Backus shared his thoughts on currency coordination in order to aid the global economy. |
The Economist: “Autopsy: The Post Mortem into the Stock Market Slide of May 6” |
Nobel Laureate Professor Robert Engle favored peak-load pricing for modernizing the market structure and trading rules. |
Fortune: “How to Rope Rogue Traders” |
Professor Aswath Damodaran’s recommendations on how to improve banks’ risk management were cited in the Street Sweep blog. His thoughts on inflation were referenced in The Globe and Mail. |
ABC.net: “Wall Street” |
Professor Richard Sylla discussed the history of Wall Street. |
Bloomberg: “Trading Pennies into $7 Billion Drives High-Frequency’s Cowboys” |
Professor Bernard Donefer discussed the role of computers in the rise of high-frequency trading. His note that the SEC report on the flash crash, though thorough, took too long to be released was cited in the New York Post. |
Financial Times: “Accounting Rules: Impetus Fades on Project to Amalgamate Standards” |
Professor Roman Weil was cited for his thoughts on the plan to converge the US Generally Accepted Accounting Principles with the International Financial Reporting Standards. |
MIT Technology Review: “See the Future with a Search” |
Professor Panagiotis Ipeirotis commented on the difficulty of aligning the massive amounts of information collected on the Web to make it useful. |
Business Recorder: “US Treasury Outlook: Data May Boost QE Expectations” |
Professor Anthony Karydakis warned that the market will be vulnerable if there is doubt that more quantitative easing will come. |
Crain’s New York Business: “Low-tech Firms’ Glowing Growth” |
Professor Jeffrey Carr noted how low-tech firms are in a position to invest in their business. |
The New York Times: “In Nomura’s Push into US, Lehman is Omnipresent” |
Professor Edward Lincoln commented on the historic desire of Japanese banks to establish themselves in the US as a matter of prestige. |
Marketplace: “Trans-Atlantic Cables for Even Higher Frequency Trading” |
Professor Vasant Dhar warned that all the liquidity brought on by high frequency trading could suddenly disappear once traders step away from their computers. |
NPR: “The Flash Crash, Explained” |
Professor Robert Whitelaw argued that the flash crash was not caused by erroneous trades and that more imposed rules could lead to further unintended consequences. |
New York German Press |
Professor Menachem Brenner discussed the regulation of commodity markets and offered his thoughts on changes in regulation and what they will mean for future trading. |
Harvard Business Review: “Synthesis: Business Through Hollywood’s Lens” |
In an op-ed, Professors Batia Wiesenfeld and Gino Cattani described their research showing how Hollywood films reflect the opinion of their corporate leaders. |
PRX: “Consumer Gold” |
Professor Priya Raghubir discussed the latest branding of Marlboro cigarettes, with additional coverage on WAMC. |
T Magazine: “A Business Trend with an Illustrious History” |
Professor George Smith explained the necessity of free trade for corporate migration and international expansion. |