Experience Stern | News & Events

Excerpt from The Wall Street Journal -- People rush through experiences because they don't realize that slowing down consumption leads to more pleasure, a study [by Justin Kruger and co-authors] finds.

Excerpt from Financial Times -- "William Silber’s forthcoming biography of former US Federal Reserve chairman Paul Volcker will probably teach the median American reader more about macro-economics than Allan Meltzer’s multi-volume history of the Fed or Friedman and Schwartz’s Monetary History of the United States."

Excerpt from The Wall Street Journal -- "Aswath Damodaran, a finance professor at New York University and an expert on valuation, says Facebook probably is fairly valued at around $75 billion to $80 billion, assuming its revenues and earnings keep rising briskly and it can keep profit margins near 30%."

Excerpt from Bloomberg Businessweek -- " ... the only way the euro zone as a whole can stick to its inflation target is for the stronger countries, such as Germany, to permit inflation rates above the euro zone average. ... 'It’s simple arithmetic,' says Kermit Schoenholtz, director of the Center for Global Economy & Business at New York University’s Stern School of Business."

Excerpt from Bloomberg Businessweek -- "He may head France’s Socialist Party, but 'there is not a chance in the world that Hollande would try to implement old-fashioned socialism in France,' says Thomas Philippon, a French citizen and adviser to the Hollande campaign who is an economist at New York University’s Stern School of Business."

Excerpt from CFO Magazine -- "Economist Nouriel Roubini ... comments on Twitter that the result of the Greek election is 'much more serious than the French one as the former leads to chaos while Hollande will turn out to be a moderate.' Not only is Greece’s continuing membership in the European Union now 'at risk,' Roubini says, a 'negotiated exit' is the only option to restore growth in that country."

New York University Stern School of Business today announced that Jonathan Haidt will join its faculty in the fall of 2012 as the Thomas Cooley Professor of Ethical Leadership.

Excerpt from NPR -- "Paul Romer, an economist at NYU, came up with the idea: Establish a special zone in an impoverished country, and import the legal and political system from one or more rich countries."

Excerpt from The Wall Street Journal -- "The exercise was part of an unusual collaboration between New York University's Stern School of Business and the Council of Fashion Designers of America's two-year-old Fashion Incubator program, which gives emerging designer labels mentoring from established fashion executives and designers, networking opportunities and office space in New York's garment district."

Excerpt from Bloomberg -- "Lawrence White, an economics professor at New York University’s Stern School of Business, said it may be a long time before the two companies, which are now essentially paying interest to Treasury, can significantly reduce their debt."

Excerpt from Financial Times -- "Ideally, a bailout for Spanish banks should come immediately and in the form of direct capital injections from the EU bailout funds."

Excerpt from The New York Times Magazine -- "Romer, who is expected to be chairman, is hoping to build a city that can accommodate 10 million people, which is 2 million more than the current population of Honduras. His charter city will have extremely open immigration policies to attract foreign workers from all over."

Excerpt from Los Angeles Times -- "'The euro zone has an austerity strategy but no growth strategy,' [Roubini] observed recently."

Excerpt from Reuters India -- "'This is a guy who got along with the board, who got along with employees and who got along with Ted Waitt as the stock went from $80 to a buck,' said Scott Galloway, a well-known activist investor and marketing professor at New York University who was on Gateway's board at the time."

Excerpt from IEDP blog -- "What brings about the ‘aha’ moment, when the strategy puzzle suddenly falls into place? Melissa Schilling of NYU Stern School of Business, has studied this process and discovered that often it happens when an unlikely association of ideas occurs through a random yet purposeful search that then creates a ‘shortcut’ to seeing a new pattern or system."

 Excerpt from New York Daily News -- "The more you can blend in for an interview looks-wise, the better (it is) so they can focus on what you're saying and the value you'll add."

Excerpt from Bloomberg Radio -- "I think they need one more party at least to be able have a viable coalition and the most likely candidate is a party called Democratic Left which is against the austerity but maybe not as strong in that respect as the other parties."

As part of a new annual tradition, NYU Stern faculty and guests gathered to celebrate a number of recent faculty accomplishments across the School.

The winners of this year’s NYU Stern Entrepreneurs Challenge received more than $200,000 in seed money and in-kind support. After pitching their venture ideas, the five winning teams, each led by NYU students, were chosen by a panel of judges from the venture capital, technology and social enterprise sectors.

Excerpt from Financial Times -- "'It’s the paradox of a free market,' Mr. Sargent said. 'Markets are great, they function very well, but nobody has the incentive to create the set of rules.'"

Excerpt from US News & World Report -- "'The valuation [of Facebook] does seem high relative to their most recent revenues. However, I don't think the optimism is unwarranted,' says Arun Sundararajan, an associate professor of Information, Operations and Management Sciences at NYU's Stern School of Business."

Excerpt from Risk Magazine -- "Unlike many in the quantitative finance world, Robert Engle, the Michael Armellino professor of finance at New York University (NYU) is no physicist or mathematician – he is an economist through and through. Before going into finance, he worked in urban economics and econometrics, and even studied the effect of weather on electricity demand ... "

Excerpt from Bloomberg TV -- "There's a whole bunch of [anti-austerity parties in Greece], both from the left and from the right. ... They don't like the present situation, they want to change it, but they don't have any concrete plans, except possibly some would say Greece would leave the euro."

Fred Wilson of Union Square Ventures, Alexis Ohanian of Reddit and Billy Chasen of Turntable.fm participated in a panel discussion at NYU Stern to discuss some of the complex issues surrounding recent legislative proposals in the area of online intellectual property.

Excerpt from CNBC -- 'People who believe that in five years we’re going to be energy-independent are deluding themselves. It’s going to be a 10- to 20-year story,' he said."