Experience Stern | News & Events

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.'"

Excerpt from YourStory -- “My advice to them would be care about analytics. In a world where top level strategy doesn’t matter so much any more, what is going to matter is given the data sets that are being generated, invest in resources within your company to mine that data using tools to identify trends and usage patterns.”

Excerpt from Marketplace -- "Joe Magee, a professor at NYU’s Stern School of Business, notes that history skips over most corporate leaders, with the rare exception of company founders and business icons."

Excerpt from Foreign Policy -- "'You might, for example, compare different moderators' work against each other,' says Ipeirotis. 'So, if you're worried about cultural biases, you can take five moderators from different regions and get blended input on an image.'"

Prof. Robert Engle is named to the US Treasury's Office of Financial Research

Excerpt from Bloomberg BusinessWeek -- "'If you want to work in entertainment, if you want to work in media, if you want to work in fashion, there are enormous resources at your disposal.' - MBA/MFA Student Wyatt Rockefeller"

Prasanna ("Sonny") Tambe, Assistant Professor of Information, Operations and Management Sciences, was awarded a $401,624 grant from the Alfred P. Sloan Foundation. The three-year grant is to provide funding for research on the “Economics of Information Technology Labor Markets Using Administrative Datasets.”

Center for Global Economy and Business Hosts a Presentation by Thomas Hoenig, FDIC Director.

Excerpt from The Huffington Post -- "I think most Americans, including most Republicans, would reject the Trojan Horse gift if they knew what was inside it."

Excerpt from Techonomy -- "... you may not be connected to the peer economy, but because it is disrupting industries that are heavily regulated, it is something that you should pay attention to. Because the case law that will be the precedent for future answers to the question, 'is a digital intermediary liable for actions that are taken on its platform,' is probably going to happen in the next decade with these peer economy platforms."

NYU Stern's Entertainment, Media, and Technology Association, Office of Career Development, and the EMT Alumni Committee are hosting a summit that will give the opportunity to learn about the latest trends and current events that are shaping the Entertainment, Media and Technology industries. Invitees will gain perspective from alumni and executives working at Microsoft, NBC Universal, Bloomberg, The Economist, Cablevision, IBM, Walt Disney, Yahoo!, and many other companies.

Excerpt from Financial News -- "Capital market banks face three especially tough issues that will shape their future during the next presidential term."

Excerpt from the Wall Street Journal -- "Count New York University economist Paul Romer among the rebalancing skeptics. 'I don’t buy into the consensus,' says Mr. Romer, who is among the U.S.’s most influential economists. 'I don’t think it’s clear that [domestic consumption] is the way to go in China. The degree of certainty with which people advocate this idea obscures the debate.'”