Business and Policy Leader Events

Author Roberto Saviano & Professor Nouriel Roubini Examine the Crisis in Italy & the US

Author and journalist Roberto Saviano and Professor Nouriel Roubini sat down with Ruth Ben-Ghiat, chair of NYU’s Department of Italian Studies, to share their perspectives on the financial crisis, criminal activities and money laundering, and how they undermine trust in the global financial system. Presented by NYU’s Department of Italian Studies, Casa Italiana Zerilli-Marimò and the Global and Joint Program Studies at the Arthur L. Carter Journalism Institute, and hosted at NYU Stern, the event drew some 400 students, faculty, press and members of the community to campus.
Faculty News

Prof. Lawrence White on endorsing Rutledge & Raynes as a credit ratings agency

Excerpt from International Herald Tribune -- ‘‘Customers may be happy to employ R&R, and pay some fees, but a public vouching may be more than the customer wants to do."  Additional coverage appeared on a New York Times blog.
Faculty News

An interview with Nobel Laureate Prof. Michael Spence on the prospects for the European Union

Excerpt from Bloomberg TV -- "I think this is one of the many two-scenario situations where we could get a sufficient commitment from the European Union and the eurozone to prevent Italy from spiraling out of control even with a credible reform program or we could get some kind of deadlock in the process as they try to figure out what a fiscal union would look like and then I think most of us would probably want to take cover." Additional coverage appeared in Yahoo! Finance and Bloomberg Radio.
School News

Vice Chair of NYU Trustees & Chair of the Board of Overseers William R. Berkley is featured

Excerpt from Insurance News Net -- "William R. Berkley, chairman and chief executive officer of W. R. Berkley Corp., said smart insurance companies should be making strong moves to position themselves as the market continues to show signs of hardening."
School News

NYU Stern students are highlighted for their participation in America Reads

Excerpt from The Villager -- "America Reads and Counts tutors come from almost every college at N.Y.U. About one-third of the tutors are enrolled in the Steinhardt School; one-third in the College and Graduate School of Arts and Science; and the remaining tutors are enrolled in the Tisch School of the Arts, Wagner School of Public Service, Stern School of Business, Silver School of Social Work, the Gallatin School for Individualized Study and the Liberal Studies Program."
Faculty News

Prof. Hal Hershfield's research on retirement savings is featuredE

Excerpt from About.com -- "An assistant professor of Marketing at New York University's Stern School of Business, Hershfield found young people were more motivated to save for retirement when they saw older versions of themselves in a virtual world."
Faculty News

Prof. David Poltrack on the impact of DVR playback on late night TV

Excerpt from TV Guide -- "But the biggest change impacting late night is DVR playback, according to CBS research chief David Poltrack. Poltrack says DVR usage at 11:30 p.m. would collectively rate a 3.0 in adults 18-49, nearly doubling what Leno and Letterman rate combined."
Faculty News

Executive Board Member & Prof. Richard Bernstein on the global economic conditions

Council on Foreign Relations blog logo
Excerpt from Council on Foreign Relations -- "Experts analyze the current economic conditions around the world and discuss potential threats in 2012." Additional coverage appeared in Xinhua.
Faculty News

Prof. David Yermack's research on how Michelle Obama's fashion choices affect stock prices is cited

Huffington Post logo
Excerpt from The Huffington Post -- "'The stock price gains of the companies whose clothes she wore in public appearances are cumulative abnormal returns. That is, the returns cannot be attributed to normal market variations. The stock price gains persist days after the outfit is worn and in some cases even trend slightly higher three weeks later,' [Yermack] told Harvard Business Review."
Faculty News

Prof. Nouriel Roubini is cited as a contributor to "The Occupy Handbook"

The New York Observer logo
Excerpt from New York Observer -- "Little, Brown also just signed an Occupy anthology, "The Occupy Handbook," edited by Janet Byrne and including contributions from Paul Krugman and Robin Wells, Michael Lewis, Robert Reich, Nouriel Roubini, Robert Shiller, Barbara Ehrenreich, and Bethany McLean, among others."
Faculty News

Prof. Amity Shlaes on the GOP presidential candidates

Marketplace Logo
Excerpt from Marketplace Radio -- "This year the GOP is fielding plenty of new candidates. John Huntsman and Mitt Romney have not represented a state in Washington. But Newt Gingrich is gaining popularity. Newt is not new."
Faculty News

Prof. Roy Smith on Jon Corzine and MF Global's collapse

Marketplace Logo
Excerpt from Marketplace -- "He'd been out of the game for 10 years. And this is a very difficult game to leave for such a long time. Very hard to just go away for 10 years and come back and assume everything is the same."
Faculty News

Prof. Stephen Brown's research on hedge fund portfolio disclosure is cited

Wall Street Journal logo
Excerpt from The Wall Street Journal -- "Stephen Brown, a finance professor at New York University, says his research shows other investors don't lose out when investors like Mr. Buffett hide their stakes from the public. 'There's no way to make money' with a 'copycat' portfolio, he says."
Faculty News

Prof. Jonathan Haidt is featured for his research on morality

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Excerpt from Scientific American blog -- "Meet Jonathan Haidt, a professor ... who studies morality and emotion. If social psychology was a sport, Haidt would be a Phil Mickelson or Rodger Federer – likable, fun to watch and one of the best."
Faculty News

Prof. Nouriel Roubini on the outlook for global financial markets

WNYC logo
Excerpt from WNYC -- "A deep recession likely will lead to another financial panic that could spread around the world — an outcome that will be 'very painful,' [Roubini] said." Additional coverage appeared in NPR and The Huffington Post.
Faculty News

In an op-ed, Research Scholar Robert Frank proposes a progressive tax on household consumption

Excerpt from Slate -- "A progressive consumption tax may be our only politically realistic hope for ending the downturn quickly and limiting the growth in consumption inequality that has made life so much more difficult for the 99 percent." Additional coverage appeared on a Washington Post blog, Boston Review, Slate blog and Princeton University Press.
Faculty News

An op-ed by NYU Stern Faculty on what a euro zone collapse means for the US

New York Post logo
Excerpt from New York Post -- "The eurozone financial system is at serious risk of collapse — which would mean calamity for the US system, too. But our government’s not prepared."
Faculty News

Prof. Thomas Sargent is cited for receiving the 2011 Nobel Prize in Economics

Associated Press logo
Excerpt from Associated Press -- "Sims and Sargent won the Nobel prize for research on the cause-and-effect relationship between the economy and government policy, which helps policymakers determine if governments should cut deficits or spend more to help invigorate the global economy." Additional coverage appeared in Financial Times.
Faculty News

An op-ed by Prof. Amity Shlaes on the plan to extend the payroll-tax holiday

Excerpt from Bloomberg -- "In the name of making Americans feel less bad about their situation now, lawmakers are proposing something that sounds good, but will actually make our financial future worse."
Faculty News

In an op-ed, Prof. Ralph Gomory discusses bringing manufacturing back to the US

Excerpt from The American Prospect -- "If we want a company to produce in the U.S., let’s reward companies for doing that, for producing more value-added within the U.S. Give them better tax rates."
Faculty News

Nobel Laureate Prof. Michael Spence explains how the US got out of the Great Depression

The Washington Post logo
Excerpt from The Washington Post -- "Michael Spence, the Nobel Prize-winning economist, points out that the United States got out of the Great Depression because of the spending associated with World War II but also because during the war, it dramatically reduced its consumption and expanded investments. People spent less, saved more and bought war bonds."
Faculty News

Prof. Gregory Furman on the Luxury Marketing Council’s new China chapter

Excerpt from Jing Daily -- "The functions of the China chapter are to be a thought leader in every segment of retail, consulting, and publishing so as to better serve the best customers, to better educate the best customers about what makes luxury worth the price." Additional coverage appeared in another Jing Daily piece.
School News

NYU Stern's 2011 Global Systemic Risk Rankings are featured

Excerpt from Motley Fool -- "NYU Stern School of Business recently has come up with a global ranking of financials in regards to Systemic risk and I love this list."
Faculty News

Prof. David Poltrack on the outlook for broadcast advertising

Excerpt from Media Life Magazine -- "At yesterday's UBS media conference in New York Poltrack presented his forecast, which predicted that broadcast ad revenue will rise 7.3 percent in 2012." Additional coverage appeared in MediaPost.com, MediaPost, and MultiChannel.com.
Faculty News

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

Reuters logo
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."