Experience Stern | News & Events

Excerpt from The Guardian -- "Probably the most important work recently was that of Jonathan Haidt (professor of psychology at the University of Virginia) who looked at a moral theory and talked about importance of relationships."

Excerpt from New York Observer -- "Sitting on the board of N.Y.U.’s Stern Business School, hedge funder Peter Schoenfeld knows a thing or two about economics: buy low, sell high."

Excerpt from Euromoney -- "The academics at NYU Stern have proposed a repo clearing house or repo resolution authority that would step in and allow for an orderly liquidation of collateral backing repo contracts should there be a shock to an asset class such as mortgages."

Excerpt from The Huffington post -- "The [labor force's] share dropped to 57.1 percent, according to economist Nouriel Roubini, compared to an average of nearly 65 percent percent before the year 2000."

Eric Varvel, Chief Executive Officer of Credit Suisse's Global Investment Bank, headlined the conference. He shared his unique insights on the status of the world economy in his presentation entitled "Adapting to Change."

Excerpt from TIME -- "In a remarkable new book, "The Darwin Economy," economist Robert Frank explores how these sorts of arms races play out in myriad areas of economic life—and how we could create a more productive economy if we understood their nature and impact."

Excerpt from CNBC Squawk Box -- "The rating has to do with the risk the company will go under. This risk has to do with whether they will go under when the economy tanks."

Excerpt from Reuters -- "It could lead to fire sales of assets, which would have further spiraling effects on other firms in the economy. ... This is an aggressive move to meet the dollar shortages of the European banks. ... It is a signal that the situation is getting pretty tight for the banks." Additional coverage appeared in Yahoo! News, Chicago Tribune, and lse.co.uk.

Excerpt from The Wall Street Journal -- So far, job losses in finance have not been so large relative to the rest of the economy. ... There will be more to come.

Excerpt from Bloomberg Businessweek -- "Robert Frank, the Cornell economist, argued in 'The Winner-Take-All Society,' culture and technology narrow the market for pro athletes and entertainers — and, more recently, business and the professions — in a way that offers outsized rewards to a few stars."

Excerpt from BigThink -- "Microfinance, once viewed as a panacea for the economic problems of the poor, may also suffer from a general equilibrium problem. Even though extending credit to poor women has allowed many thousands of them to start small businesses and invest in household essentials, it hasn’t been proven to reduce poverty."

Excerpt from Bloomberg -- "Swift, the phenom, suggests the market for pop culture features elements of a vicious cycle perpetuated by music professionals, at least in the case of girls." Additional coverage appeared in Bloomberg Businessweek and San Francisco Chronicle.

Excerpt from National Review Online -- "Clearly, the United States is an outlier in its government involvement in mortgage markets, providing much more support than does any other country."

Excerpt from Financial Times, The A-List blog -- "It is increasingly clear that Italy’s public debt is unsustainable and needs an orderly restructuring to avert a disorderly default." Additional coverage appeared in CNBC, Bloomberg, Bloomberg Businessweek, Forbes, and Speigel.de.

Excerpt from The Huffington Post -- "Ultimately everybody in the markets believes that the lender of last resort is really the Federal Reserve."

Excerpt from Bloomberg -- "Let’s have the government allocate 20 of its more than 10,000 square miles of public land to build a charter city. We can call it Romerton after New York University economist Paul Romer, who is organizing a charter city for Honduras."

Excerpt from YouTube -- "Sinan Aral is an Assistant Professor and Microsoft Faculty Fellow at the NYU Stern School of Business. He studies how behavioral contagions spread through social networks -- from products to productivity to public health."

Excerpt from Financial Post -- "Dr. Haidt notes that what makes morality — our notions of good and bad, and right and wrong — so hard to examine is the nature of morality itself, which has been a topic of philosophical inquiry since before Socrates." Additional coverage appeared in Financial Post.

Excerpt from Accounting Today -- "The Public Company Accounting Oversight Board has expanded the membership of its Standing Advisory Group to 42, and increased its members' terms from two years to three years."

Excerpt from Christian Science Monitor -- "In a salute to Paul Romer and other growth thinkers, we believe that new ideas can and will arrive that will save the day so that we do not starve and do not suffer in a changing world."

Excerpt from eYugoslavia -- "Speakers at each event are well-known leaders of finance and include the CFOs of major corporations as well as thought leaders in management, strategy, and innovation. Upcoming speakers include ... Baruch Lev, Philip Bardes Professor of Accounting and Finance, NYU-Stern ... "

Excerpt from Motley Fool -- "For a company to be truly undervalued, Damodaran says in his book 'Investment Fables,' 'You need to get a mismatch: a low price-to-earnings ratio without the stigma of high risk or poor growth.'" Additional coverage appeared in another Motley Fool piece.

Excerpt from Business Insider -- "Information asymmetry is a difficult problem to solve in financial markets, and George Akerlof, Michael Spence, and Joseph E. Stiglitz won the Nobel prize for Economics in 2001 for their work on the phenomenon through exploring economic inefficencies arising from differing, imperfect information levels between buyers and sellers of goods and services in the marketplace."

Excerpt from The Huffington Post -- "If you take a big chunk like Europe and turn it down, it would probably bring everybody else down, including us."

Excerpt from Bloomberg Businessweek -- “'If you want to be a leading university, you have to offer distinguishing programs,' says Sam Craig, director of Stern’s entertainment media and technology program. 'We are among the few universities that can do this, and that is one reason why we offer it.'"