Experience Stern | News & Events

Excerpt from Huffington Post -- "We are allowing much of manufacturing, the great innovation engine that turns ideas into reality, to vanish quietly from our shores. Our global corporations may be benefitting from this; most Americans are not."

Excerpt from Bloomberg -- "Changing the administrator won’t address Libor’s underlying problems, such as its use of estimates and an increasing propensity of banks to leave their submissions unchanged, according to Rosa Abrantes-Metz, an economist with New York-based consulting firm Global Economics Group Inc. and a professor at New York University’s Stern School of Business."

Excerpt from Financial Post -- "Henry brings a unique and pragmatic perspective to the study of international economic growth, having been raised in Jamaica before moving to the United States, where he is now Dean of New York University’s Stern School of Business."

Excerpt from Financial Times -- "Assuming Ben Bernanke leaves his post this year, his successor will inherit a serious policy challenge: disengaging from quantitative easing. Returning to more traditional monetary policy will be tricky. First, there is no precedent in the Fed’s 100-year history. Has there ever been a period in which the US central bank and its leading counterparts worldwide have simultaneously pursued QE against a backdrop of economic faltering and uncoordinated fiscal policies?"

Excerpt from Bloomberg TV -- "All the research shows that, effectively, once you get a consumer to buy from more than one channel - get someone to buy from the side in addition to the store or from a catalog, they immediately begin purchasing more."

Excerpt from ZDF -- (Translated from German using Google Translate) "In the financial crisis of 2008, the U.S. insurance group AIG was rescued with $ 182 billion of taxpayer money before the collapse. The company is trying a new beginning."

Excerpt from San Francisco Chronicle -- "Recent advocacy by several major tech companies for government disclosure is in the public interest, and Americans should support their push for greater transparency."

Excerpt from The New York Times -- "Even though this week’s upheaval in Lisbon can be seen as 'a victory for the anti-austerity camp,' said Luis Cabral, a Portuguese economist who teaches at New York University, he suggested that the European policy debate would continue, as countries like France that have sought to steer away from drastic spending cuts fail to demonstrate that they have the capacity for the kind of government spending — what Mr. Cabral called 'a Keynesian magic wand' — that will solve Europe’s economic problems."

Excerpt from LiveMint -- "Aswath Damodaran of the Stern School of Business, in his paper titled The Value of Transparency and the Cost of Complexity, argues investors give a higher discount to a complex business model over a simpler one."

Excerpt from NPR -- "It may have started out as something that was on the fringes, but the sharing economy is definitely going mainstream."

Excerpt from VoxEU -- "Many central banks have recently employed unprecedented expansionary monetary policy, keeping interest rates at near-zero levels for an extended period of time since the crisis of 2007-08. Quantitative easing interventions have been employed to affect asset prices directly, most notably in government-bond and mortgage markets, in order to keep sovereign and mortgage borrowing costs low. These interventions may have the beneficial aspect of generating wealth transfers to borrowers, notably banks and households with negative home equities. But they may also be stoking asset-price inflation, often in unexpected fashion, by inducing a ‘search for yield’ among savers and intermediaries who manage their savings."

Excerpt from Bloomberg TV -- "These are huge polar opposite deals. Michael Dell wants to completely scrap the existing business and recreate the entire company from the ground up and Icahn wants to basically just milk the existing core PC business down to the last drop and they're so different and so distinct that the money kind of balancing becomes the big issue."

Excerpt from NASDAQ -- "Altman's Z-Score gives one simple number that tells you how a retailer is faring. Any reading above 3.0 implies good health in terms of balance sheet strength and profit results."

Excerpt from BBC -- "I think Americans have accepted that when you watch a TV program, you're going to see somebody selling something in the context of the TV show. There's no doubt about that...with the number of digital video recorders that are here and the penetration rate around 50%, advertisers are looking for nontraditional ways of trying to show their brands being used in context because people are skipping ads, and that's why the market, in fact, is growing here rapidly: because of the ad-skipping that's going on."

Excerpt from Le Monde -- "Baumol's cost disease" has since been diagnosed in many fields, including education and healthcare. In a recent book on the continuing relevance of his discovery, Baumol says that the quantity of labour required to produce these services is difficult to reduce. He distinguishes two sectors. In the first, goods and services can be easily automated, and as machines have replaced humans, the amount of labour required to produce each additional unit has fallen."

Excerpt from Project Syndicate -- "Leaders in developed and developing countries alike must deepen their commitment to economic reform and integration. But only by giving emerging economies a real voice in global governance – thereby reducing the trust deficit and restoring legitimacy to multilateral institutions – can the global economy reach its potential."

Excerpt from The New York Times -- “'This is part of a greater trend — not only in the business world, but in our world generally — toward transparency,' said Mr. Posner, who helped draft the requirements while at the State Department. 'I think it’s a very healthy trend.'”

Excerpt from Project Syndicate -- "A new period of uncertainty and volatility has begun, and it seems likely to lead to choppy economies and choppy markets. Indeed, a broader de-risking cycle for financial markets could be at hand."

Excerpt from New York Daily News -- "Retailers 'don't want anything that can possibly tarnish their brand because they've worked so hard at it,' Sam Craig, a marketing professor at NYU, told the Daily News. 'There are a number of taboo topics, and if you cross the line on those, you become a liability rather than an asset.'"

Excerpt from BBC Capital -- “'[Investors] get a lot of exposure to currency indirectly by buying equities and bonds,' said Richard Levich, professor of finance and international business at New York University’s Stern School of Business."

Excerpt from Washington Post -- "The laws of evolution and the experiences of daily life suggest that humans have an inherent desire to contribute to others. Organizations that take this side of human nature into account may well function better than those whose single goal is profit. And the people in those corporations, using both sides of their natures, will also lead more fulfilling lives."

Excerpt from The New York Times -- “'The U.S. decision sends a very strong signal to the government of Bangladesh that they have to do things differently, that there’s a consequence to the way they’ve been operating,' said Michael H. Posner, a former assistant secretary of state of human and labor rights in the Obama administration."

Excerpt from CNBC -- "'I think in a sense you've got to play the cycles, commodity-price cycles and economic cycles, so I would go to commodity companies and cyclical companies,' he said. 'Not all of them are cheap, but I think your best chance of finding bargains are in those segments.'"

Excerpt from Poets & Quants -- "These international learning opportunities were a deciding factor in my decision to enroll at NYU Stern last August."

Excerpt from Charlie Rose -- "After the global financial crisis, somepeople like Mohamed El-Erian, who is the co-CEO of PIMCO, said we are entering the new normal, a period of time where economic growth in advanced economies would be low, anemic, sub-par and so on...Our point is that this situation is one that is not a stable equilibrium. It is not even a stable disequilibirium. It is an unstable disequilibrium. Take for example the eurozone. You can't have just a monetary union without banking, political, economic, fiscal union. Either you move towards more integration, or you are going to have fragmentation disintegration."