Experience Stern | News & Events

Excerpt from CNC World -- "There's a long-run problem that short-run austerity doesn't deal with and if the austerity is cutting into social investment, infrastructure, human investment, then that is not a recipe for long-term growth."

Excerpt from The Chronicle of Higher Education -- "Haidt also pointed to the extreme underrepresentation of conservatives in social psychology. When he surveyed the 1,000 colleagues who attended his talk, 80 to 90 percent identified themselves as liberals. Only three people said they were conservatives."

Excerpt from The Sunday Times -- "Denrell and Fang found the 'analyst with the largest number as well as the highest proportion of accurate and extreme forecasts, had, by far, the worst forecasting record.'"

Excerpt from Elmundo.es -- "Aswath Damodaran, a finance professor at the Stern School of Business at New York University, believes that it is not so easy and gives four reasons. First, because there is a basic inconsistency in the reasoning of the critics. What is the purpose of taxing financial transactions? Does it increase revenue or to punish the 'evil' speculators (Spanish to English translation)?"

Excerpt from The Chronicle of Higher Education -- "By laying out the science of morality—how it binds people into 'groupish righteousness' and blinds them to their own biases—[Haidt] hopes to drain some vitriol from public debate and enable conversations across ideological divides."

Excerpt from Crain's New York Business -- “This industry is almost winner-take-all. The global investor base uses them regularly, so it's very hard to not use them if you're a company.”

Excerpt from Reuters -- "'The euro zone is a slow-motion train wreck,' said economist Nouriel Roubini, nicknamed Dr Doom after he predicted the U.S. subprime crisis." Additional coverage appeared in The Telegraph, Financial Times blog, Bloomberg and Bloomberg Businessweek.

Excerpt from The Economist -- "Higher debt has accounted for as much as 50% of private equity’s returns in the past, according to a 2011 study co-written by Viral Acharya of New York University’s Stern School of Business."

Excerpt from Associated Press -- "We live in a world where there is still a huge amount of economic and financial fragility. There is a huge amount of uncertainty - macro, financial, fiscal, sovereign, banking, regulatory, taxation - and there is also geopolitical and political and policy uncertainty." Additional coverage appeared in MSNBC, Newser, KMPH, TheSpec.com, Newsday, The Wall Street Journal, BBC, The Huffington Post, Sydney Morning Herald and 10 more additional outlets.

Excerpt from The Hindu -- "The members of the IAB, in addition to the Chairman, SEBI, are: Viral Acharya, Jane Diplock, Mark Maletz, Maureen O'Hara, Arvind Panagariya and Andrew Sheng." Additional coverage appeared in NDTV.

Excerpt from The Huffington Post -- "Among policymakers and investors alike, the sense has taken hold that a pair of European rescue funds -- collectively holding perhaps $1 trillion in lending capacity -- are insufficient to assuage the market's fears. Bailing out Spain and Italy could absorb four times that sum, according to Roubini." Additional coverage appeared in Bloomberg TV, New Zealand Herald, Proactive Investors, The Telegraph, Reuters, Bloomberg, Irish Times, The New York Times and Bloomberg Businessweek.

Excerpt from The New York Times -- "Higher spending on many forms of public consumption would produce clear gains in satisfaction for the wealthy. It’s reasonable to assume, for example, that driving on well-maintained roads is safer and less stressful than driving on pothole-ridden ones."

Excerpt from Associated Press -- "The euro zone 'could be a slow-motion train wreck,' Roubini said." Additional coverage appeared in CBS News, Bloomberg Businessweek, Bloomberg, The Wall Street Journal and CNBC.

Excerpt from Fortune -- "Spence points to Germany as a model where manufacturing makes up about 30% of its GDP compared to only 16% for the U.S. Germany focuses on high-end products that have appeal in global markets."

Excerpt from NDTV -- In an exclusive interview, Nobel Laureate Professor Michael Spence says India can achieve nine percent economic growth.

Excerpt from Techdirt.com -- "Economist Paul Romer's famous research really showed how knowledge and information as a resource is what creates economic growth."

Excerpt from Reuters -- "It seemed [Pandit] was saying that we should measure the riskiness of a bank's portfolio based on some benchmark portfolio and not by whatever the bank is doing. That doesn't make any sense at all."

Excerpt from The New Zealand Herald -- "In his excellent new book Winning Investors Over, Baruch Lev of New York University's Stern School of Business writes that 'the lonely CEO often faces a `team of rivals', sometimes adversaries.'"

Excerpt from The Gulf Today -- “When I heard of my achievement, my initial reaction was that it was unbelievable. I was just delighted. I had been working extremely diligently for the last two years and my hard work had finally paid off.”

Excerpt from The Jakarta Post -- "Spence said the US now has a broad understanding of the structural changes it needs to make in the medium and long terms to get the economy back on track. But politics poses an obstacle."

Excerpt from TIME blog -- "Raghubir and Srivastava’s results—what they’ve described in previous research as the 'denomination effect'—are consistent with an idea we’ve discussed several times: mental accounting. Small bills tend to get assigned to something like a mental petty cash account, and so we’re willing to spend them on petty things." Additional coverage appeared in Business Insider.

Excerpt from CNC World -- "I think there is some substance to the idea that the United States economy is starting to recover. Unemployment has been dropping for the last few months. The housing market may be stabilizing."

Excerpt from Metro New York -- " ... Nouriel Roubini and Lawrence White at NYU do not believe 'government needs to provide more stimulus to create jobs and prosperity' as you assert as 'reality.' In fact, they believe the opposite ... "

Excerpt from Bloomberg -- "From Social Security to Iranian nuclear power, Gingrich articulates better than any other candidate what’s wrong with U.S. policy and how to change it." Additional coverage appeared in San Francisco Chronicle.

Excerpt from Bloomberg -- "China’s economy will slow in 2012, prompting policy makers to reduce interest rates and ease lending restrictions, Nouriel Roubini, an economist who predicted the 2008 financial crisis, said last week."