Faculty News

Prof. Michael Moses on fine art as a financial asset

Excerpt from The Spectator -- "Artwork is an uncorrelated asset ... It doesn't relate to anything that happens in other assets, like oil or gold or the price of wheat or corn. That improves its allure."  Additional coverage appeared on Bizcommunity.com.
Faculty News

In an op-ed Prof. Thomas Cooley offers solutions for the European financial crisis

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Excerpt from Reuters -- "For all of the Eurozone countries faced with unsustainable fiscal policies the solution will involve considerable pain in the form of budget cuts, shrinking public sectors and increases in tax collections."  Additional coverage appeared in a Reuters blog.
Faculty News

Nobel Laureate Prof. Michael Spence on Europe's need for a rescue fund

Excerpt from Bloomberg -- "Europe may need $2 trillion in its rescue fund to fight the debt crisis, more than the 940 billion euros ($1.3 trillion) that governments are said to be seeking, said Michael Spence, the Nobel Prize-winning economist." Additional coverage appeared in Bloomberg Businessweek.
Faculty News

An interview with Prof. Richard Sylla on Alexander Hamilton

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Excerpt from TheDeal.com -- "'He knew more about finance than anyone at that time,' says New York University business professor Richard Sylla about Alexander Hamilton, the first secretary of the U.S. Treasury."
Faculty News

Prof. Jonathan Haidt on the relationship between disgust and morality

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Excerpt from WIRED -- "'It’s a great example of the increasingly sturdy bridge between biology and political science,' said Jonathan Haidt, a New York University psychologist who studies the relationship between disgust and morality."
Faculty News

Prof. Nicholas Economides on Greece's debt problems

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Excerpt from The Huffington Post -- "Without new development, without new jobs, without growth, the Greek economy will keep going down." Additional coverage appeared in Skal.
School News

Vice Chairman, NYU Trustees & Chairman of the Board of Overseers William Berkley is quoted

Excerpt from Bernews.com -- "Yes, we will get our tax legislation passed. ... And all those guys who are offshore taking advantage of Americans who pay tax–[those companies] who reinsure their affiliated business offshore will eventually have to pay up."
School News

NYU Stern is cited for helping to select the 2011 Leader of Change recipients

Excerpt from 3BL Media -- "The Leaders for 2011 were chosen by recommendations from the Leaders of Change for 2010, the United Nations Office for Partnerships, NYU Stern School of Business and the Foundation for Social Change."
Faculty News

An op-ed by Prof. Michelle Lederman on the importance of expanding your professional network

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Excerpt from CNBC -- "It is crucial, though, to keep expanding your network, and not settle into complacency once you’ve found a group of people with whom you’re comfortable."
Student Club Events

26th Annual Association of Hispanic & Black Business Students (AHBBS) Conference

The 26th Annual AHBBS Conference, themed "Shifting Landscapes," will feature a variety of speakers and panelists that will share their insights and experiences on the keys to succeeding in a borderless world. The event will also feature a sit-down lunch and closing networking reception with representatives from corporate sponsors such as JPMorgan, Bank of New York Mellon, Credit Suisse, Bank of America Merrill Lynch, Houlihan Lokey, Morgan Stanley, American Express, Barclays Capital, Citi, Deloitte, Merck and Unilever.
Faculty News

Prof. Nouriel Roubini says the financial system problems have not yet been resolved

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Excerpt from Knowledge@Wharton -- “The problems of the financial system on Wall Street have not been resolved. People talk about Dodd-Frank, but have we really changed the system of compensation? Have we dealt with the corporate governance problem? Have we divided commercial banking and the more risky shadow banking and investment banking? No."  Additional coverage appeared in The Huffington Post.
School News

NYU Stern's "Think Social, Drink Local" community-building event is featured

Excerpt from MBA Mission -- "Hosted jointly by the Social Enterprise Club and the Luxury Goods and Retail Club at NYU Stern, the Think Social, Drink Local event features a fashion show highlighting offerings by ecofriendly, or 'green,' designers (modeled by Stern students and administrators) and organic beverages produced by local vineyards and breweries."
Faculty News

Prof. Nathan Pettit's research, linking social status to trustworthiness, is featured

Excerpt from OSU's The Lantern -- "People of a higher status were more likely to be trusted on a first encounter than those of lower status."
Faculty News

An op-ed by Prof. Jonathan Haidt on the moral foundations of Occupy Wall Street

Excerpt from Reason -- "In my visit to Zuccotti Park, it was clear that the main moral foundation of OWS is fairness, followed by care and liberty. Loyalty, authority, and sanctity, by contrast, are very little in evidence."  Additional coverage appeared on ThinkProgress.org, Business Insider and Falken Blog.
Faculty News

An interview with Prof. Jeffrey Younger on Virtual Teams in International Business (VIBU)

Excerpt from MMUGM Indonesian TV -- "ViBU Real Game simulates a realistic business challenge. Diverse teams from various universities and countries jump into direct competition with each other, for winning the highest firm's market values."
Faculty News

"Guaranteed to Fail," a book by NYU Stern faculty, is featured

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Excerpt from Business Standard -- "The authors – professors at the Leonard N Stern School of Business at New York University -– have laid bare the way a vital component of the US financial system got distorted and how the process was aided by the government for decades."
Faculty News

Prof. Nouriel Roubini on resolving the financial system's problems

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Excerpt from Knowledge@Wharton -- “The problems of the financial system on Wall Street have not been resolved. People talk about Dodd-Frank, but have we really changed the system of compensation? Have we dealt with the corporate governance problem? Have we divided commercial banking and the more risky shadow banking and investment banking? No. So that remains.”
Faculty News

Prof. Paul Romer's paper on bankruptcy for profit is referenced

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Excerpt from The New York Times -- “Neither the public nor economists foresaw that the [deregulation of savings and loans was] bound to produce looting. The regulators … who understood what was happening from the beginning found lukewarm support, at best, for their cause."
Faculty News

An interview with Nobel Laureate Prof. Michael Spence on the Greek fiscal crisis

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Excerpt from CNBC -- "Greece probably can be bailed out in terms of affordability on the fiscal debt. but they're 40% out of bounds in terms of being able to kind of grow the economy. they have huge trade deficit with the rest of europe. it's -- and they don't have the exchange rate. so it's very hard to see how you can keep greece in the euro zone and have them have a future."
School News

TRIUM is highlighted as an example of a global joint degree program

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Excerpt from The New York Times -- "The [Deloitte Access Economics] report cited the TRIUM Executive M.B.A., a degree run by New York University’s Stern School of Business, the London School of Economics, and the H.E.C. School of Management in Paris. Upon completion of the TRIUM M.B.A., students are awarded an M.B.A. issued jointly by the three schools, and, accordingly, they have access to three alumni networks." Additional coverage appeared on CNBC.
Faculty News

An op-ed by Prof. Amity Shlaes on Halloween's recent surge in popularity

Excerpt from Bloomberg -- "No doubt about it, in many places Halloween reflects urban revival. It also reflects a cultural coming together ... There’s something unifying in the ghoulishness of the spaces between the teeth in the carved pumpkin’s grin." Additional coverage appeared in Bloomberg Businessweek and San Francisco Chronicle.
Faculty News

Prof. Xavier Gabaix's research on stock market plunges is referenced

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Excerpt from a MarketWatch blog -- "According to a fascinating body of research (championed in large part by Xavier Gabaix, a finance professor at New York University) plunges as big as 1987’s Black Monday—while rare—are an inherent part of the investment landscape."
Faculty News

Executive Board Member and Prof. Richard Bernstein suggests a plan to fix the US economy

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Excerpt from CNBC -- " ... any company in the world that wants to build a plant in the united states will get an immediate investment tax credit against the cost of the plant, so the plant's actually tax free. you can then combine that with state and local governments incentives in one form or another to either reduce taxes further or improve education for workers, things like that."  Additional coverage appeared on MSNBC.
Faculty News

An op-ed by Prof. Daniel Altman on the positive outlook for South American economies

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Excerpt from BigThink -- "While countries in North America and Europe suffer through a downturn that has people questioning the very foundations of their economies, something far more positive is happening in South America."
Faculty News

Prof. Priya Raghubir on community food-tasting events

Excerpt from New York Daily News -- "'They bring in people who are unlikely to have gone to the area,' said Priya Raghubir, a professor of marketing at New York University."