Faculty News

Prof. Lawrence White expects a rise in service jobs

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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

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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

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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

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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."
Faculty News

Prof. Clifford Hurvich on Mitt Romney's win in Iowa

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Excerpt from Business Insider -- "Since this p-value is so small, it leads us to reject this null hypothesis, and start to believe instead that the two candidates are now running neck and neck."
Faculty News

An op-ed by Prof. Evan Shapiro on the TV hipster character

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Excerpt from The Huffington Post -- "I must say, however, Hipsters are not a new TV phenomenon. With thick glasses, just-so-avant-garde fashion and knowing smirks, Hipsters have had a special place on TV since the beginning of the medium -- even before the birth of the term." Additional coverage appeared in Popbytes.com.
Faculty News

Profs Nouriel Roubini and Luke Williams are featured as business professors to follow on Twitter

Excerpt from OnlineMBA.com -- "College professors are not all old, stuffy windbags. Many of them are youngish professionals who are embracing social media as a way to interact with students and colleagues and keep up with trends in their fields. Here are 50 business profs with Twitter feeds worth following."
Faculty News

Prof. Nouriel Roubini's predictions for China's economic growth are cited

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Excerpt from Forbes -- "Even well regarded economists like Nouriel Roubini of New York University worry that China’s growth could sink to 5 percent or less in 2013 or 2014." Additional coverage appeared in The Atlantic.
Faculty News

Prof. Aswath Damodaran's work on the discounted cash flow (DCF) model is featured

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Excerpt from CFA Institute blog -- "His presentation titled 'Valuation Inferno: Dante Meets DCF — Avoiding Common Mistakes in Valuation Analysis' is a step-by-step dissection of traditional DCF analysis wherein he guides the audience through the process of calculating a more accurate estimate of fair market value."
Faculty News

An op-ed by Nobel Laureate Prof. Michael Spence on global exchange rates

Excerpt from Malta Independent -- "As long as American economic policy remains focused primarily on deficits, domestic demand, exchange rates, and backsliding on trade openness, its investment deficiencies will remain unaddressed." Additional coverage appeared in The Daily News Egypt.
Faculty News

Prof. Lawrence White on banks regulating themselves

Excerpt from Financial Times (Germany) -- "Except for the bonds, the banks would then calculate the risk of the securities themselves largely. 'The proposal is basically a step in the right direction, because it limits the power of the three major rating agencies,' said Professor Lawrence White of the Stern School of Business at New York University" (German to English translation).
Faculty News

Nobel Laureate Prof. Michael Spence predicts global volatility in 2012

Excerpt from Silicon India -- "According to Michael Spence, the economic climate will be marked by instability in various economic and finance sectors which will impose the risk on summative national income, consumption, and investment."
Faculty News

Nobel Laureate Prof. Michael Spence and Prof. Nouriel Roubini on the chance of recession in 2012

Excerpt from The Jakarta Post -- "Most notable economists like Paul Krugman, Robert Reich, Michael Spence, Joseph Stiglitz and Nouriel Roubini agreed that 2012 would offer a 50-50 chance of global and US recession."
Faculty News

Research Scholar Robert Frank on why casinos are economically regressive

Excerpt from Mid Hudson News -- “Those who are determined to gamble will find some way to do so, but why lend government’s imprimatur to predators’ efforts to exploit people who can least afford to bear the inevitable losses?”
Faculty News

Prof. Jonathan Haidt will participate in February's TED 2012

Excerpt from Broadway World -- "... [videos] will be shown at a TED 2012 talk, hosted by Professor Jonathan Haidt, a visiting professor at NYU, and on PBS."
Faculty News

Prof. Scott Galloway on Rupert Murdoch's social media outreach

Excerpt from Bloomberg TV -- "I think it's a smart move. Social media is sort of the equivalent, or this generation's equivalent of skinny jeans -- it makes whoever's doing it look younger."