Experience Stern | News & Events

Excerpt from Fox Business -- "Here is the key thing. Discipline is not mean what people think it means. Discipline does not mean austerity. Discipline does not mean runaway stimulus either. So in the same way which binge eating is not good for you, neither are crash diets. Discipline needs a long-term focus. And so my favorite example of what fiscal discipline really means is a simple story. Go back to the ant and the grasshopper. When times are flush, you save so that you have money when times are lean."

Excerpt from MSNBC -- "Three decades ago, we went around the world and taught third world countries about the three things that are needed to get the economies back on track: discipline, clarity and trust. And now there's an opportunity for us to learn from what they've been doing the last three decades and turning themselves around."

Excerpt from Forbes -- "In the 1960s the economists William Baumol and William Bowen identified the productivity problem at the root of the rising relative cost of higher education. They identified education as a profession where labor productivity was not amenable to improvement through technological advance."

Excerpt from Forbes -- "The world economy faces a critical moment. Former 'Third World' nations have engineered a historic economic turnaround, becoming the emerging markets that now drive global growth. It seemed important to me that they did this with three decades of economic reforms that were pushed on them by the First World—nations now battered by crises, but whose governments appear loath to take their own prescriptions and seem trapped in ideological debates that today threaten to undermine their recovery."

Excerpt from CNBC -- "'Things are looking good. Companies are returning record amounts in cash flows. I think if you look at the collective dividends and stock buybacks, last year's going to set a record,' he said."

Excerpt from CNNMoney -- "Well I think there are three sets of reasons. One is that the tail risks of a year ago from the global economy are lower. The eurozone is not blowing up, we avoided the fiscal cliff in the U.S., there is no Chinese hard landing, there is still no war between Iran and Israel. Those were significant risks in the first half of last year. Secondly, there's a hope that while economic growth has been really anemic, some of the indicators coming from the U.S., even Japan or China, suggesting a little bit of better growth, not in the eurozone, not in the U.K., but in other parts of the world. And three, there are the effects of all of these new rounds of unconventional monetary easing. As I said, the Fed is doing it, the Bank of England, the Bank of Japan, the Swiss National bank and eventually, too little too late, even the European Central Bank will do it."

Excerpt from Science News -- "The study’s methods are sound, says New York University’s Sinan Aral, an expert on information diffusion in social networks. But the computer performed best on somewhat obvious traits, such as gender, age, and race. Since the researchers didn’t compare the technique with any others, he says, it’s hard to know how its predictive power would stack up against correlations based on other easily available data such as census information and voting records."

Excerpt from US News & World Report -- "I don't think we should make the case that the sharing economy should be completely unregulated, or that it will self-regulate perfectly on its own, but I think it's a good point in time to step back and think about, why do we have regulation on apartments, why do we have regulation on taxi cabs or rental car companies in the first place, and what are the things that the regulators used to do ensuring safety...which parts of these were being done by the marketplace themselves, and which parts do the regulators need to step in for?"

Excerpt from The Wall Street Journal -- "Mr. Altman said the new ETF, called 'Market Vectors-Altman Default & Distressed Bond ETF,' will begin with about half distressed bonds and about half defaulted, but the ratio can shift over time. It won’t directly track his index."

Excerpt from Big Think -- “'The Fed thinks that its approaches to quantitative easing have done what they were designed to do: bring down long-term interest rates,' [Wachtel] said in our conversation this week. 'They think that the policy has been effective in boosting growth, albeit anemic growth. Further quantitative easing cannot do much more to lower long rates, which are at historical lows.'”

Excerpt from Reuters -- "'Grillo spoke in favor of a referendum on Italy's euro membership and restructuring of the debt ... if there are expectations he could win a majority in a new election, the spread could go very high,' said economist Nouriel Roubini."

Excerpt from CNBC -- "'In this time the economy will get worse given the political uncertainty, less investment, less job hiring and less consumption. There's a meaningful chance that the new [political] forces in Italy, whatever combination there is, these will be significantly against austerity and then we'll get a clash between Italy and Germany and the ECB,' he said."

The Stern Hedge Fund Association’s (SHFA) Second Annual Conference, themed, "Generating Alpha in a Low Growth Environment," will be held on March 8, 2013. The event will feature prominent practitioners and academics in the hedge fund industry.

On Friday, March 8, the NYU Stern Latin American Business Association (LABA) will host its fourth annual Latin American Business Conference, themed, “Latin America: The New Breakout Region.” Speakers and panelists will discuss brand strategy and marketing, entrepreneurship, finance and macroeconomic issues.

On March 8th, NYU Stern’s Entrepreneurs’ Exchange Club (EEX) will send more than 50 MBA students to Austin for the SXSW Interactive Conference. Over the past few years, SXSW Interactive has emerged as the premier event for entrepreneurs and entertainment/media/technology aficionados.

Excerpt from Bloomberg Businessweek -- "You could have found them listed by name in the V-Lab data from the Volatility Institute at the NYU Stern School of Business. The institute, run by Robert Engle, a financial economist who won a Nobel Prize in 2003, has come up with a way to estimate how much equity each firm would lose in a crisis, and how much each would contribute to the total expected capital shortfall of the entire financial sector."

As a part of the Conversations on Urbanization series held by NYU Stern’s Urbanization Project, former Toronto Mayor David Miller spoke with Paul Romer, Director of the Urbanization Project and Professor of Economics, in a public presentation on March 7.

Excerpt from Reuters -- "'I think the estimate for Friday is about 160,000 jobs. You know, 100,000, 150,000 people enter the workforce every month so just treading water means that we have to hit those kind of numbers. For sustained improvement, we really need a quarter of a million jobs a month and we need that for a few years. And we are just waiting to see when the economy is strong enough to start producing those kind of numbers.'"

Excerpt from The Huffington Post -- "'The enduring brand loyalty is about the core offerings, which is not just coffee,' Raghubir explained. 'It is the experience of going to Starbucks.'"

Excerpt from Bloomberg -- “'There’s room for two competitors,' said Tom Meyvis, a marketing professor at New York University’s Stern School of Business. 'What Peapod can do is to focus less on the gourmet segment and emphasize regular products at a competitive price.'”

Excerpt from Fox Business -- "To spur lending and help the economic recovery, the Federal Reserve has been keeping the federal funds rate low. “The Fed is trying to keep expectations of inflation low by keeping rates low for the foreseeable future,” says Cooley."

Excerpt from The Wall Street Journal -- "Ignoring inflation, Mr. Sylla said, the Dow appears to be roughly 140 times its level of 100 years ago, an enormous gain. But removing price increases and counting only real gains, the Dow is roughly seven times its level of 100 years ago, a good gain but far from what it appears."

Excerpt from CNBC -- "'...chances are it's not going to be Apple that makes the next breakthrough consumer technology,' Sundararajan said. 'It's not so much that Apple has lost the secret sauce, it's just that the sauce is less important right now—it's less effective at this point in the evolution of the industry.'"

Excerpt from the Hindustan Times -- "Undergraduate business students are considering alternatives to traditional career paths. Business students are prepared for a multitude of postgraduate opportunities, including traditional business careers and degrees, but also beyond. Students are showing an interest in working in the non-profit and government sectors, and support for this is growing at the administrative level."

Excerpt from the Economic Times -- "That would be global exposure. We talk about crossing boundaries. Students have to have some exposure across boundaries. They are the global managers of the future. We are part of a global network of universities. At least 67 per cent of our students have one semester abroad and all our students spend a week on international studies."