Faculty News

Prof. Daniel Altman forecasts urban "lifestyle hubs"

BigThink logo
Excerpt from BigThink -- " ... as Big Think's chief economist Daniel Altman has forecast, a new set of 'lifestyle hubs' will gradually replace today's business hubs. The more the air stinks in these cities will only speed up this process."
Faculty News

Prof. Aswath Damodaran on the value of RIM, the maker of the Blackberry

Forbes logo
Excerpt from Forbes -- "Damodaran is arguing that RIM should give up and that by giving up it will realize more value for shareholders than it would as an operating business or a takeover target."
Faculty News

Nobel Laureate Prof. Michael Spence on the outlook for US employment growth

Financial Times logo
Excerpt from Financial Times -- "As the economist Michael Spence has documented, a process of this kind is under way: essentially all US employment growth over the last generation has come in non-traded goods."
Faculty News

Prof. Michael Moses on his co-created Mei Moses Fine Art Index

Financial Times logo
Excerpt from Financial Times -- “Art prices are not correlated to sudden swings in stock markets but their prices tend to match changes in wealth creation and destruction. I’m not surprised by this growth as we are not seeing the wealth damage of 2008-2009." Additional coverage appeared in City AM, ArtLyst.com, Investment Week, and Mindful Money.
Faculty News

Prof. Ralph Gomory is cited for his support of tax breaks for domestic production and manufacturing

Excerpt from The American Prospect Magazine -- "Whether [Obama] is capable of tilting more to manufacturing—giving domestic manufacturing a tax break along the lines suggested by Santorum or progressives like former IBM executive Ralph Gomory (who also backs tax changes favoring domestic production) is unclear."
Faculty News

Nobel Laureate Prof. Michael Spence on the US economy in 2012

The Telegraph logo
Excerpt from Telegraph -- "'There are signs of life in the economy,' says Michael Spence, a Nobel prize-winning economist at New York University."
Faculty News

A conversation between Prof. Jonathan Haidt and Bill Moyers is cited

The New York Times Logo
Excerpt from The New York Times -- "Just 20 months after retiring his PBS series “Bill Moyers Journal,” Mr. Moyers was back in the studio on a Wednesday morning in December, deep in conversation about moral political psychology with the author Jonathan Haidt." Additional coverage appeared in the Charlotte Observer.
Faculty News

Nobel Laureate Prof. Robert Engle received the IAFE/SunGard Financial Engineer of the Year Award

Excerpt from Sungard -- "The International Association of Financial Engineers (www.iafe.org) and SunGard (http://www.sungard.com) today announced that Robert F. Engle, the Michael Armellino Professor of Finance at New York University and 2003 Nobel Laureate for Economics, has been named the 2011 IAFE/SunGard Financial Engineer of the Year (FEOY)."
Faculty News

Prof. Alvin Lieberman on how appearing in the film "The Italian Job" helped promote the BMW Mini

CNBC logo
Excerpt from CNBC -- "“The impact is enormous. What could be better than to see [the BMW Mini] in ['The Italian Job']? It fits into tight spaces, whips through tunnels. Those things impacted, absolutely, someone who was thinking about buying a small car.”
Faculty News

Prof. Anthony Karydakis is wary of recent evidence indicating economic recovery

Reuters logo
Excerpt from Reuters -- "The Fed will be watching for further credible evidence that this improving trend is gaining traction because we also went through a better period in the first quarter of last year."
Faculty News

Research Scholar Robert Frank's book, "The Darwin Economy," is referenced

Huffington Post logo
Excerpt from The Huffington Post -- "Robert Frank explains how individual incentives often conflict with those of the larger group in a terrific new book, 'The Darwin Economy: Liberty, Competition and the Common Good.'" Additional coverage appeared in Princeton University Press blog.
Faculty News

Prof. Lawrence White expects a rise in service jobs

USA Today logo
Excerpt from USA Today -- "We're a services economy, so you expect to see a rise in services. Some will be hamburger flipping, but some will be higher-skill jobs in health care."
Faculty News

Prof. Paul Romer's charter cities concept is cited as a solution for Asia

Forbes logo
Excerpt from Forbes -- "So much of Asia still could use the kind of remedy U.S. economist Paul Romer has been promoting for a few years--'charter cities ,' or development zones with special streamlined laws (really just rule of law) and low taxes that let trade and commerce flourish."
School News

"The Rap Guide to Business," written to welcome students to NYU Stern, is cited

Excerpt from The Times and Democrat -- "His work on Chaucer led to 'The Rap Guide to Evolution,' 'The Rap Guide to Human Nature' and 'The Rap Guide to Business,' which he was commissioned to write to welcome a new class at New York University's Stern School of Business."
Faculty News

Prof. Baruch Lev's book, "Winning Investors Over," is reviewed

Excerpt from IR Society -- "It looks at the fundamentals of investor communications and breaks down just what it is that investors want, how to achieve this, what to do and not to do."
Faculty News

Prof. Richard Sylla on the fate of Kodak

Excerpt from SmartMoney -- “Things like Apple and phones with digital cameras, they creatively destroyed Kodak. What’s the greatest company in one era is unlikely to be the greatest a half a century later.”
Faculty News

Prof. Jonathan Haidt will speak at the Chattahoochee Valley libraries in the fall

Excerpt from Columbus Ledger-Inquirer -- "And in the fall, University of Virginia psychology professor and author Jonathan Haidt, will discuss his book, 'The Righteous Mind: Why Good People Are Divided by Politics and Religion.'"
Faculty News

Dean Geeta Menon will speak at Madras Christian College's 175th year celebration

Excerpt from IBNLive.com -- "Dr Geeta Menon, Dean, Stern School of Business, New York University and distinguished alumnus of MCC will deliver a lecture on – Business: Past, Present and Future under the distinguished Speakers’ Lecture Series ‘World Class Business Education Programme’ - at Madras Christian College."
Faculty News

Prof. Xavier Gabaix's research on CEO compensation is referenced

Forbes logo
Excerpt from Forbes -- "One study by Xavier Gabaix (of MIT) and Augustine Landier (NYU) points out that the six-fold increase of CEO pay between 1980 and 2003 is 'fully attributed' to the six-fold increase in market capitalization (number of shares times share price) of large US companies."
Faculty News

Prof. Nouriel Roubini on Ireland's economy

Excerpt from Bloomberg Businessweek -- "Ireland’s economy is 'clearly double-dipping,' New York University professor Nouriel Roubini said today, after a report showed the country’s services sector shrank in December for the first time last year." Additional coverage appeared in Financial Times and Independent.
Faculty News

Prof. Edward Altman on US default rates

Excerpt from Dow Jones Daily Bankruptcy Review -- "New York University Professor Ed Altman, who is known for his work predicting corporate defaults, expects the dollar-denominated rate, which is usually lower than the issuer-denominated rates offered by S&P and Moody's, to be north of 3.5% by the end of the year."
Faculty News

An op-ed by Prof. Daniel Altman on election forecasting

BigThink logo
Excerpt from BigThink -- "Mitt Romney, a former governor of Massachusetts, beat Rick Santorum, a former senator from Pennsylvania, by just eight votes in the Iowa caucuses. But the really interesting thing was how the people who tried to forecast the result fared."
Faculty News

Prof. Scott Galloway on Yahoo! Inc.'s new CEO

Excerpt from Bloomberg TV -- "There's no denying they have unbelievable assets. The key is -- are the people who are in charge of these assets -- are they going to unlock the value of these assets? I would argue that this move is another data point in the gang that can't shoot straight."