Faculty News

Prof. Scott Galloway on Italian Prime Minister Berlusconi breaking news on Facebook

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Excerpt from Marketplace Radio -- "I don't think you would have seen Obama or Merkel decide to make this sort of decision and announce it Facebook."
Faculty News

A paper by Prof. Paul Romer on using bankruptcy for profit is cited

Excerpt from Benzinga.com -- “Neither the public nor economists foresaw that [S&L deregulation was] bound to produce looting. Nor, unaware of the concept, could they have known how serious it would be."
Faculty News

Nobel Laureate Prof. Michael Spence on the development of the BRIC economies

Excerpt from The Diplomat -- "As Nobel laureate Michael Spence has noted, the current era of economic growth is occurring in 'the third century of the Industrial Revolution.' Like the modernization of Europe and the United States during the 19th century, economic development in Brazil, India, and China has been powered by the prodigious use of fossil fuels."
Faculty News

An op-ed by Prof. Arun Sundararajan on the success of the UID Authority of India

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Excerpt from Livemint -- "Very soon, India will have the world’s largest ever biometrics database, a fertile foundation for creating the myriad applications that will unleash the value of Aadhaar."
Faculty News

An op-ed by Prof. Robert Frank on the problems with replacing the US progressive tax with a flat tax

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Excerpt from The New York Times -- "A flat tax would do nothing to make filing tax returns any simpler. But, more important, it would greatly exacerbate longstanding growth in income inequality."
Faculty News

Nobel Laureate Prof. Michael Spence is cited as the chair of SEED

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Excerpt from Forbes -- "Investor Robert E. King and his wife have given $150 million (part of which is a challenge grant) to found the Stanford school’s Institute for Innovation in Developing Economies, which will informally be known as SEED. ... (SEED itself will be chaired by Nobel winner Michael Spence, another specialist on development economics and dean emeritus of Stanford GSB.)."
Faculty News

Prof. Baruch Lev's new book, "Winning Investors Over," is reviewed

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Excerpt from Barron's -- "Lev empirically proves the parental admonition that honesty is the best policy. In a company's case, honesty without delay will almost always result in better stock performance over time than evasion and obfuscation."
Faculty News

Board of Overseers Member Peter Schoenfeld (ARTS '66, MBA '68) on Yahoo!'s board

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Excerpt from The Wall Street Journal -- "The board should be focused on unlocking [Yahoo] value for all shareholders instead of protecting a small group." Additional coverage appeared in CNET
Faculty News

Prof. Amir Malin on print and advertizing funding for films

Excerpt from Variety -- "The volume of submissions is up but the commercial viability is down. Most of the submissions we are seeing don't merit a viable commercial release."
Faculty News

Prof. Jonathan Haidt on social psychology as a "tribal moral community”

Excerpt from Occidental Observer -- "Jonathan Haidt (a social psychologist himself) has made a major contribution calling attention to social psychology as a 'tribal moral community' united in its liberal political commitments. He notes that articles that contravene the tribal liberalism are subjected to much higher standards in order to get published."
Faculty News

Prof. Edward Altman will speak at the NYSSA Wealth Management Summit on 11/1

Excerpt from Investment Weekly News -- "The event will culminate with a closing keynote presentation on sovereign debt today and its position in the global economy from Edward I. Altman, PhD, Max L. Heine Professor of Finance at NYU Stern School of Business and an internationally renowned expert on corporate bankruptcy, high yield bonds, distressed debt and credit risk analysis."
Faculty News

Prof. Xavier Gabaix on power laws

Excerpt from Science News -- "Power laws are one of those intriguing facts that force people to write new theories that hopefully will explain them."
Research Center Events

Leading Experts Convene for NYU Stern’s Eighth Annual Conference on Social Entrepreneurship

More than 130 experts and thought leaders from the public, nonprofit, for-profit and academic sectors, representing 25+ countries, gathered for the Eighth Annual Conference on Social Entrepreneurship, presented by NYU Stern’s Berkley Center for Entrepreneurship & Innovation. The annual conference explores the latest theory and research on social entrepreneurship and its impact on global communities.
Faculty News

An op-ed by Prof. Joel Rubinson on the evolving "path to purchase"

Excerpt from Retail Wire -- "Where a purchase is made marks the beginning of the journey, not the end. Is the traditional path to purchase model becoming less relevant?"
Faculty News

Prof. Gary Katzenstein will speak at the World Affairs Forum on 11/16

Excerpt from Stamford Times -- "Visiting Associate Professor of Management at the NYU Stern School of Business, Gary Katzenstein, will speak at the World Affairs Forum on Nov. 16 at UConn-Stamford."
Faculty News

An interview with Prof. Paul Romer on charter cities in Honduras

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Excerpt from Fastcoexist.com -- "NYU economist Paul Romer, the originator of the idea of Charter Cities, is working with the Honduran government to help make sure the project there is a success."
Faculty News

Vice Chair of NYU Trustees & Vice Chair of the Board of Overseers Kenneth Langone is featured

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Excerpt from CNBC -- "Let me tell you, I'm a bull. I think America's greatest days are ahead of them. Any way you want to mention them. We have tough decisions to make. we're going to have to make them. I think this election coming up is going to create definition one way or the other." Additional coverage appeared in Capital.gr, The Washington Post, Bloomberg
Faculty News

Prof. Edward Altman is featured for developing the Z-score

Excerpt from Interactive Investor -- "Dr Edward Altman, an American academic, devised the Z-score during the 1960s, although his original work has since been updated. Altman believes that the Z-score will signal 70-80% of bankruptcies of publicly listed companies - before they happen."
Faculty News

An interview with Prof. Paul Wachtel on the Greek Government

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Excerpt from Marketplace Radio -- "Responsibility is in the hands of the Greek government to bring reforms to the economy. The willingness of the European community to support Greek debt depends upon those reforms taking place, and all of that is a big question mark."
Faculty News

An interview with Prof. Nicholas Economides on the Greek government

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Excerpt from CNBC -- "I think most likely there is going to be a short government before elections. He will participate in that government. He is going to endorse the treaty, but at the same time, the actual implementation law for the treaty will not be ratified before a new government comes up." Additional coverage appeared on CBC, SETimes.com, Southern Daily Press, Tech Policy blog, Bloomberg TV, The Huffingotn Post, Ilsussuduario, Kathimerini, Bing.com and Trends.
Faculty News

In an op-ed, Prof. Lawrence White questions restricting ratings on European governments' bonds

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Excerpt from The New York Times -- "Europeans have decided to continue their reliance on ratings for financial regulation – but apparently not when those ratings are unfavorable."
Faculty News

An interview with Prof. Scott Galloway on Groupon's IPO

Excerpt from Bloomberg TV -- "The question here is, is this Amazon, where its losses are funding some sort of sustainable advantage, like what Amazon did with convenience and incredible distribution facilities that were kind of expensive at the time or is this Pets.com where it's funding growth that's not sustainable? And we would probably argue that it's the latter."
Faculty News

Prof. Thomas Cooley on the quirks in the US monthly employment report

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Excerpt from The Wall Street Journal -- "'If someone works half-time at Starbucks and half-time at McDonald's, it counts twice,' says Thomas Cooley, a professor at New York University's Stern School of Business who has spent time studying the jobs data."
Faculty News

Prof. Thomas Sargent is highlighted for winning the 2011 Nobel Prize in Economics

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Excerpt from CNBC -- "Thomas Sargent and Christopher Sims, Harvard classmates, were just awarded the 2011 Noble prize for Economic Sciences. Selected for their real-world science of modeling, the laureates are extolled for explaining the impact the global markets have on domestic economies."  Additional coverage appeared on a Reuters blog.