Faculty News

Prof. Richard Sylla's book, "A History of Interested rates," is referenced

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Excerpt from The Wall Street Journal blog -- "As Sidney Homer and Richard Sylla point out in their wonk classic 'A History of Interest Rates': During the years 1932-1936 business recovered substantially and commodity prices rose 35%."
Faculty News

Prof. Richard Sylla on the US credit rating

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Excerpt from Marketplace Radio -- "Longer run, if we don't get out from under the AA rating, we may have to pay a slightly higher interest rate, but it's not the end of the world."
Faculty News

An interview with Nobel Laureate Prof. Michael Spence on his book, "The Next Convergence"

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Excerpt from The Washington Post -- "I don’t think there’s a solution to the employment problem in the short run."  Additional coverage appeared in India PR Wire, Asia Sentinel and BusinessFinance Magazine.
School News

N R Narayana Murthy's NYU Stern pre-commencement speech is cited

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Excerpt from Times of India -- "NRN then is a template to follow. He is best typified in his own words, culled from a pre-commencement address he made at the New York University, Stern School of Business a few years ago: 'I believe that we have all at some time eaten the fruit from trees that we did not plant...'"
Faculty News

Nobel Laureate Prof. Robert Engle's research on financial risk management

Excerpt from Economics Week -- "Financial risk management has generally focused on short-term risks rather than long-term risks, and arguably this was an important component of the recent financial crisis."
Faculty News

Prof. Nouriel Roubini on the global economy

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Excerpt from BBC -- " ... continued pursuance of present policy is threatening a double dip recession (Morgan Stanley, the Bank of England's Andy Haldane), a 1930s-style monetary collapse (Fed dissenter Richard Fisher), Eurozone breakup (Nouriel Roubini) and political mayhem (Jeff Sachs)."  Additional coverage appeared in The Telegraph, Seeking Alpha, Coffee House Spectator blog, FXStreet.com, Benzinga.com, Times Union blog, Motley Fool and BusinessWorld Online.
School News

The Stern Consulting Corps partnership with the CFDA fashion incubator is featured

Excerpt from Elle -- "Target’s renewing their contract to sponsor the space and NYU’s Stern School of Business will give the designers a chance to partner with MBA students on finance and business plans."  Additional coverage appeared in Woman's Wear Daily, Fashionista.com and a New York Magazine blog.
Faculty News

Prof. Amir Malin on paying a premium for 3D movies

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Excerpt from New York Post -- “In a difficult economic environment, consumers may pay 3D premiums for compelling entertainment but ignore others, for example, ‘Drive Angry 3D.'"
Faculty News

Prof. Amity Shlaes's book, "The Forgotten Man," is cited

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Excerpt from Detroit News -- "Amity Shlaes writes in 'The Forgotten Man,' Roosevelt denounced the 'economic royalists' for trashing the economy."  Additional coverage appeared in Town Hall and The Washington Examiner.
Faculty News

Prof. Richard Sylla on the investigation of S&P

Excerpt from The Atlantic Wire -- "Richard Sylla, a professor at NYU, told the Times a case from the Justice Department would have, 'a major impact if there was a successful fraud case that would suggest there would be momentum for legislation that would force them to change their business model.'"
Faculty News

Prof. Amir Malin on 3-D movies

Excerpt from ContactMusic.com -- "Amir Malin of Qualia Capital told the New York Post in a difficult economic environment, consumers may pay 3D premiums for compelling entertainment but ignore others.'"
Faculty News

An op-ed by Prof. Roy Smith on the dilemma of government bailouts

Excerpt from The Independent Review -- "The basic argument for bailing out large banks is that a single failure of such a firm can contaminate the whole financial system, which is a public good that the government must safeguard."  Additional coverage appeared in Heartlander.
School News

NYU Stern's new Abu Dhabi campus is referenced

Excerpt from BusinessDay -- "New York University’s Stern School recently set up a campus in Abu Dhabi; and so have many universities in the United States and Australia that are tapping into governments eager and serious to raise standards and willing students (not unlike their Nigerian counterparts) focused on getting foreign degrees."
School News

A speech at NYU Stern, made by Craig Mundie, Microsoft Senior VP is referenced

Excerpt from ITWord -- "Mundie's remarks were made in a speech to The New York University Stern School of Business, and it is one of the earliest trial balloons for the Microsoft concept of shared source, where just a little source code is opened to select customers and not really shared with anyone else."
Faculty News

Prof. Scott Galloway's Digital IQ ranking of magazine brands in featured

Excerpt from CampaignAsia.com -- "In all, the study measured the online impacts of 87 magazine brands according to the quality and integration of their respective websites, digital marketing, social media and mobile presences." Additional coverage appeared on CampaignAsia.com.
Faculty News

Profs Richard Sylla and Lawrence White on ratings agencies

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Excerpt from The New York Times -- "Professor Sylla said that the ratings agencies could be forced to stop making their money off the entities they rate and instead charge investors who use the ratings. ... The ratings agencies lost a bit of ground on their First Amendment protections in the recent financial reform bill, which put the ratings firms on the same legal liability level as accounting firms, Professor White said." Additional coverage appeared on CNBC, Sacramento Bee, Herald T ribune, Gainsville.com and Seattle Times.
Faculty News

Prof. Paul Romer on social inclusion in South Africa

Excerpt from Times Live -- "The CDE report quotes the Treasury and internationally-renowned growth economist, Professor Paul Romer, who both argue that inequality is not the best measure of social inclusion."
Faculty News

Nobel Laureate Prof. Michael Spence spoke at the National Press Club in Canberra on August 17

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.
Faculty News

Prof. Nouriel Roubini on Obama's presidency

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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.
Faculty News

Prof. Edward Altman on the eurozone's credit ratings

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."
School News

NYU Trustee and Vice Chairman of the Board of Overseers John Vogelstein is highlighted

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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."
Faculty News

NYU Stern faculty authors of Guaranteed to Fail on mortgage finance reform

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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.
Faculty News

A paper by Prof. Lawrence White on credit ratings agencies is referenced

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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.'"
Faculty News

An interview with Nobel Laureate Prof. Michael Spence on his book, The Next Convergence

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.
Faculty News

Nobel Laureate Prof. Michael Spence on the state of the global economic

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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.