Experience Stern | News & Events

Excerpt from Livemint -- "When a government spends, its citizens eventually pay, either today or tomorrow, either through explicit taxes or implicit ones like inflation and defaults on debts."

Excerpt from Project-Syndicate -- "The outlook for the global economy in 2012 is clear, but it isn’t pretty: recession in Europe, anemic growth at best in the United States, and a sharp slowdown in China and in most emerging-market economies." Additional coverage appeared in The Wall Street Journal blog, Gulf News, Alarabiya and Slate.

Excerpt from Xinhua -- "I think it's perfectly natural that Chinese growth is going to slow down. The more successful and developed a country becomes, the growth rate generally starts slowing down. We expect that to be a natural trend. That's a sign of success by the way, not of problems."

Excerpt from Insurance News Net -- "The extent and timing of an issuer's access to capital markets depends on both demand and supply side factors. On the demand side are the number, wealth, intelligence, liquidity-and risk-appetites, and confidence of investors, which affects market liquidity, as well as the attractiveness of opportunities to spend or invest their money elsewhere."

Excerpt from New York Post -- "FirstMark Capital, founded by managing director Lawrence Lenihan, announced the fundraising on its Web site yesterday."

Excerpt from Bloomberg -- "So it’s official. The New York Times, or at least columnist Paul Krugman, has declared us to be in a worldwide depression. And just in time for Christmas." Additional coverage appeared in San Francisco Chronicle, The Jakarta Globe, DelawareOnline.com and Press Democrat.

Excerpt from Xinhua -- "The economists emphasize that the European Central Bank needs to play a more aggressive role in the capitalization of EU banks."

Excerpt from PR.com -- "For someone interested in highly competitive, quantitative-focused MBA and MPA programs such as UT Austin McCombs, Wharton, Chicago Booth, NYU Stern, Stanford, Columbia, MIT Sloan, and Michigan Ross, comprehensive GMAT preparation courses may not provide the requisite focus."

Excerpt from Reuters -- "We have seen a growing interest on campus -- an interest on the company side and on the student side in the luxury & retail sector, media & entertainment, social enterprise to some extent as well as entrepreneurial tech start-ups."

Excerpt from Financial Times -- "The European banking sector also remains under pressure in large part owing to its exposure to European sovereign credit. A firewall is needed now to stabilise the markets, bring yields down, allow for sovereign refinancings, reduce stress in the banking sector and provide protection against likely future credit events."

Excerpt from GFS News -- "Viral Acharya, an economics professor at New York University, says ring-fencing requirements are not the priority tool for preventing another financial crisis and should be looked at as part of a group of rules."

Excerpt from Downtown Express -- "'We need to absolutely make sure that the Peck incubator will fit in Tweed for all three years,' echoed Eric Greenleaf, a business professor at New York University whose student enrollment projections indicate severe overcrowding in Downtown schools in the years to come."

Excerpt from Financial Times -- "It is a shame that Prof Kay’s macroeconomic education stopped in the 1970s. He might find more recent work to his liking, including Prof Sargent’s work (with Lars Hansen) on behaviour when you are not sure how the world works."

Excerpt from The Huffington Post -- "In fact, American TV is stronger now than ever, with no signs of slowing down. Rather than destroying television, these 'disruptive' technologies have created something new called 'TV,' which is more potent, more vital and more important than at any point since the first black and white broadcasts." Additional coverage appeared in Popbytes.com.

More than 400 students, faculty and administrators from across NYU gathered to hear Eric Schmidt, executive chairman of Google, Inc., interviewed by NYU Trustee and alumna Maria Bartiromo (WSC ’89), anchor at CNBC, in NYU Stern’s Paulson Auditorium.

Excerpt from Bloomberg TV -- "It's inspired by Germany, it's a way to go forward with much more discipline. I'm afraid though that the way it was set up, it was almost blackmail fashion. You have to accept it, or if you don't accept it the financial markets are going to eat you alive."

Excerpt from CNBC -- "Discussing why Home Depot is still in a good position despite the drop in contractor business, with Kenneth Langone, Invemed Associates/Home Depot co-founder." Additional coverage appeared in Capital.gr.

Excerpt from NBC New York's ThreadNY blog -- "We also have a program with NYU Stern students, who are getting their MBAs, who work with designers on their business plans. We are now in our second CFDA Incubator class. It’s really a fully-rounded opportunity for designers."

Excerpt from Risk and Insurance -- "William R. Berkley has been in the insurance business ever since he launched his company with $2,500 out of Harvard's business school in 1967. That means he's been playing the property/casualty coverage game for nearly 45 years."

Excerpt from The Wall Street Journal -- "To use an American analogy recently promoted by Nobel laureate and New York University economist Thomas Sargent, the 17 have been trying to fix their debt and banking problems under the equivalent of the Articles of Confederation, not the Constitution."

Excerpt from Newstrack India -- "Last year we did a small conference around this time, Michael Spence was the international speaker."

On December 12, NYU Stern's Salomon Center and Center on Global Economy and Business hosted an event to discuss the state of the Eurozone and the Euro.

Excerpt from Business Insider -- "Keene also shared his seasonal reads with us. For the winter he's all over Daniel Kahneman's Thinking Fast and Slow, and his book for the fall was Michael Spence's, The Next Convergence: The Future of Economic Growth in a Multispeed World."

Excerpt from The Huffington Post -- "American banks' vulnerability to the crisis in Europe is 'substantial across the board,' said Nicholas Economides, economics professor at New York University's Stern School of Business."

Excerpt from The New American -- "'From 1929 to 1940, from Hoover to Roosevelt, government intervention helped make the Depression Great,' writes Amity Shlaes in 'The Forgotten Man: A New History of the Great Depression.'" Additional coverage appeared in Belleville News Democrat and American Spectator blog.