Experience Stern | News & Events

Excerpt from The Australian -- "In Canberra today Nobel Laureate economist Professor Michael Spence will address the National Press Club on 'The Next Convergence: The Future of Economic Growth in a Multispeed World.'"  Additional coverage appeared in The Sydney Morning Herald.

Excerpt from The Huffington Post -- "Roubini reminded of the obvious: 'We destroyed our fiscal sustainability before [President Obama] came to power.'"  Additional coverage appeared in International Business Times.

Excerpt from Euromoney -- "In an August interview with Euromoney Ed Altman, Max Heine professor of finance at the Stern Business School at NYU, warns that all triple-A rated eurozone sovereigns could be downgraded before the crisis is over."

Excerpt from The New York Times Dealbook blog -- "Though its roots stretch back to the venerable E.M. Warburg & Company, Warburg Pincus dates to 1966, when Lionel I. Pincus and John Vogelstein created a partnership aimed at investing in a variety of companies."

Excerpt from The New York Times -- "That said, weaning housing finance off the government cannot happen overnight. We liken this to the way one would treat a patient with a drug addiction. One would not double the dose (which is arguably what we have been doing), but neither would one go cold turkey. Existing subsidies would be honored. And to minimize the system-wide shock of closing Fannie and Freddie and removing government support, we envision a decade-long transition from where we are today to where we need to be."  Additional coverage appeared on Realtor.org.

Excerpt from The Wall Street Journal -- "The result, as Lawrence J. White, an economics professor at New York University's Stern School of Business, put it in a paper last year, was that financial groups 'could satisfy the safety requirements of their regulators by just heeding the ratings, rather than their own evaluations of the risks of the bonds.'"

Excerpt from Australian Broadcasting Corporation -- "Countries like Australia and Canada, the United States, if we're on our game, we're gonna, you know, be highly competitive, we'll be playing in an enormous global economy but there's no reason to think that we won't do just fine."  Additional coverage appeared on BNet.com.

Excerpt from Australian Financial Review -- "Nobel Laureate economist Michael Spence says the current global economic woes are a signal that a major power shift is occurring."  Additional coverage appeared in Hattiesburg American, EconoMonitor, Foreign Policy, Trading Room, Superior Telegram and Eurasia Review.

Excerpt from Calgary Herald -- "As Nobel-prize winning economist Michael Spence recently wrote in an article for Foreign Affairs Magazine, the ranks of the employed in the United States grew from 122 million to 149 million between 1990 and 2008, with about 98 per cent of the jobs created being in the so-called 'nontradable' sector of the economy; the goods and services produced and consumed domestically."  Additional coverage appeared on Foreign Policy.

Excerpt from Reuters blog -- "Perhaps more important for the performance of the market in the short-term, however, is that the Congressional committee charged with coming up with an additional $1.5 trillion in spending cuts is likely to be fractious enough to lead to what we might term the 'Amity Shlaes' problem1 - the uncertainty and the unpleasantness surrounding the nature of future cuts in spending is likely to lead capital to go on strike."

Excerpt from Forbes -- "In terms of the United States, the one place I think people should be very cautious is financials. We have been, and continue to be, quite cautious on financials."

Excerpt from Business Spectator -- "Spence pointed out that in recent decades, all the US jobs growth has been in non-tradeable goods like health, government services and housing construction, which was unsustainable."

Excerpt from Mineweb.com -- "Nouriel Roubini, professor of economics at the New York University's Stern School of Business said gold was a bubble when the price was $1100 an ounce."

Excerpt from Think Progress -- “Perry’s Remarks on Bernanke are criminal."  Additional coverage appeared on Politico, Business Insider, two New York Post pieces, AdvisorOne.com, National Review and a TIME blog.

Excerpt from SmartMoney -- "But research by Thomas Philippon, a finance professor at New York University's Stern School of Business, shows there has been surprisingly strong variation in the relative importance of banks in the economy."

Excerpt from The Daily Beast -- "To restore a stable pattern of inclusive growth—the kind that truly lifts all boats—the first step is to reduce the debt loads in these economies, not suddenly but systematically."

Excerpt from Financial Times (German Edition) -- "If all investors really behave as so-called rational agents, the average returns and the volatility of market prices would be a whole lot lower," says Thomas Mertens.

Excerpt from Project-Syndicate.org -- "The massive volatility and sharp equity-price correction now hitting global financial markets signal that most advanced economies are on the brink of a double-dip recession."  Additional coverage appeared on Truthdig.com, Slate.com, TodayOnline.com, Business Daily Africa and Aljazeera.

Excerpt from Bloomberg Businessweek -- "Pamela Mittman, assistant dean of Career Services and Leadership Development at NYU Stern School of Business ... will answer your questions on everything from whether bank jobs are viable to the best ways to network with recruiters in an ever-more competitive job market." Additional coverage appeared in two Bloomberg Businessweek pieces.

Excerpt from The Business Times -- "Studying auction prices alone gives some insight into the art market. Art.net, the Mei-Moses Art index and Astron.net (Chinese art) are all useful references."

Excerpt from PR Newswire -- "PwC US today announced that Paul DeNicola is joining PwC's Center for Board Governance as a director."

Excerpt from Diamond News -- "Scott Galloway discussed the strategic importance of social media in luxury marketing ... "

Excerpt from MarketingProfs.com -- "Time Magazine, People, and Self earned the top three spots among a list of 87 prominent magazine brands for exceptional marketing performance across digital, social, and mobile channels, according to the newly launched L2 ThinkTank Digital IQ Index, which measures and ranks the digital competence of magazine brands."

Excerpt from Seeking Alpha -- " ... mentioned in a New York University paper by Professor Edward Altman, is the intuitively obvious fact that the mix of industries in the high yield universe also influences the aggregate default rate."

Excerpt from the Australian Broadcasting Corporation -- "The way I've calibrated it is if the major industrial countries experience very low growth, they can sustain the growth, but if we take a big downturn, they can't replace the lost aggregate demand."