Experience Stern | News & Events

Excerpt from Reuters -- "'A euro bond that was clearly backed by some kind of euro-wide fiscal authority would have the same kinds of advantages that U.S. treasury bills do now,' added Sims, who will share the 2011 Nobel prize for economics with Thomas Sargent."

Excerpt from National Review -- "I am keenly aware that I am, in Jonathan Haidt’s terms, a person who prizes in-group loyalty very highly. This has defined my personal relationships, and also, I increasingly realize, my mental model of partisanship."

Excerpt from Financial Times -- "Robert Frank ... has equated payday lending with 'handing a suicidal person a noose.'"

Excerpt from Politico -- "Hamilton’s approach provides a roadmap for Europe to rescue not just the euro, but the entire euro-area financial system." Additional coverage appeared on Politico.

Some 200 students gathered on November 30, 2011, for a panel discussion on the Occupy Wall Street movement, hosted by the Stern Government and Business Association (GBA) MBA club. The panel, moderated by Vice Dean for Graduate Education Adam Brandenburger, featured Justin Wedes, New York City general assembly organizer for Occupy Wall Street; David Paterson, former governor of New York; Andrew Serwer, managing editor of Fortune magazine; and Roy Smith, Kenneth G. Langone professor of entrepreneurship and finance. The panelists reflected on the sentiment behind the Occupy Wall Street movement and assessed the movement’s successes and challenges. A very lively floor discussion followed.

Excerpt from Financial Times -- "At NYU Stern we relish the opportunity to inspire our students to engage in “an education in possible” – a journey that equips them with the tools they need to transform the challenges of the 21st century into opportunities to create value for business and society."

Excerpt from NYConvergence -- "On Thursday, December 8 at 6:30 at the NYU Stern Business School, Ultra Light Startups will be hosting its Investor Feedback Forum and Pitch Showdown. By receiving comments and constructive criticism from panelists and the audience, startups will have the chance to perfect their investor pitch."

Excerpt from The Washington Post -- "There’s a new paper out from Bryan Bollinger of NYU’s Stern School and Kenneth Gillingham of Yale finding that, in California, solar power seems to be contagious." Additional coverage appeared in Forbes.

Excerpt from China Economic Net -- "Mei Jianping, finance professor of Cheung Kong Graduate School of Business and co-founder of the Mei Moses Art Index, suggested that he was optimistic about this year's autumn auction."

Excerpt from Deadline -- "[Poltrack] says that the broadcast networks are in for a great 2012 with ad sales up 7.3% — and not just because of the quadrennial effect. Even without the impact of political spending and the Olympics, broadcast sales would be up 5% he says."

Excerpt from The American -- "Romer is best known for several breakthrough papers in the theory of economic growth. I draw not so much on the technique of those papers but a few of Romer's ideas about ideas, most importantly that ideas are sunk costs."

Excerpt from New York Times -- “We believe that consumer spending will continue to increase ... fueling that recovery.” Additional coverage appeared in TV Week.

Excerpt from New York Post -- “'China wants to dramatically increase its outbound investments,' Spence said, and could learn how to invest like a buyout firm by working closely for a time with the industry giants."

Excerpt from Kimmel Cancer Center blog -- "About 150 people joined Richard Pestell, M.D., Ph.D., Director, Kimmel Cancer Center at Jefferson, Leonard Gomella, M.D., Chair, Department of Urology at Jefferson and 2011 Men’s Event Co-Chairs Edward Glickman, President of Pennsylvania Real Estate Investment Trust, and Joseph Weiss, Chairman, Electronic Ink, for an evening of cocktails, dinner, entertainment, auctions and friends."

Excerpt from Slate -- "In short, the growing income inequality that OWS protesters are calling to our attention is not the nonissue that many of the movement’s critics say it is. Growing income disparities have imposed enormous costs on almost everyone." Additional coverage appeared in New America Foundation.

Excerpt from Mother Jones -- "The cost of intermediation in the US is between 1.3% and 2.3% over 130 years. However, the finance cost index has been trending upward, especially since the 1970s." Additional coverage appeared on AdvisorOne.

Excerpt from Business Daily Africa -- "Providing earnings guidance is just a start. Giving more information to investors generally, and doing it in an honest and understandable way, is good business."

Excerpt from The New York Times -- "Google 'Thomas Sargent' and 'rational expectations' and you’ll get hundreds of hits. ... Mr. Sargent is widely considered one of the founders of the theory, though he says it had many earlier proponents, including Keynes." Additional coverage appeared in The New York Times blog.

Excerpt from The News Journal -- "Nobel Prize-winning economist Michael Spence warns that Americans have to start thinking differently about jobs. The current downturn is part of a cycle. It will end. Companies will spend and hire."

Excerpt from Associated Press -- "Shlaes said on air that McGovern had taken 'a spill' and wasn't able to be on the program as planned, but she said he was fine."

Excerpt from CNC World -- "Europe was able to prosper for basically 40 years from the late 1940s until 1999 on the basis of separate national currencies. The euro was mostly a political effort to try to bring greater unity, greater unification."

Excerpt from Rag Radio -- "In The Darwin Economy, Frank argues against Adam Smith's theory of the 'invisible hand' which says that competition channels self-interest for the common good."

Excerpt from VoxEU -- "The cost of intermediation in the US is between 1.3% and 2.3% over 130 years. However, the finance cost index has been trending upward, especially since the 1970s. This is counter-intuitive. If anything, the technological development of the past 40 years – in IT in particular – should have disproportionately increased efficiency in the finance industry."

Excerpt from National Journal -- “The [potential] shock we’re talking about is of very large magnitude. ... If you’re just having an Armageddon coming your way, [America’s] buffers may not be adequate.”