Experience Stern | News & Events

Excerpt from Bloomberg TV -- "The question here is, is this Amazon, where its losses are funding some sort of sustainable advantage, like what Amazon did with convenience and incredible distribution facilities that were kind of expensive at the time or is this Pets.com where it's funding growth that's not sustainable? And we would probably argue that it's the latter."

Excerpt from The Wall Street Journal -- "'If someone works half-time at Starbucks and half-time at McDonald's, it counts twice,' says Thomas Cooley, a professor at New York University's Stern School of Business who has spent time studying the jobs data."

Excerpt from CNBC -- "Thomas Sargent and Christopher Sims, Harvard classmates, were just awarded the 2011 Noble prize for Economic Sciences. Selected for their real-world science of modeling, the laureates are extolled for explaining the impact the global markets have on domestic economies."  Additional coverage appeared on a Reuters blog.

Excerpt from Indie Wire -- "When I first got [to Tribeca Film], there were three of us, including Keith, and Sharon Badal who now heads shorts programming."

Excerpt from BigThink -- "Greece has brought most of its problems on itself. Its people have a history of evading taxes, and its government fudged the books for many years. But Greece isn’t the only country to blame." Additional coverage appeared in BigThink

Excerpt from Future of Capitalism -- "Amity Shlaes, the chairman of the International Policy Network, which awards the prizes, began the awards dinner by noting that Frederic Bastiat (1801-1850) did not hide his religiosity."

Excerpt from ThinkProgress -- "[Spence] divided employment into two sectors. One sector is called tradable jobs – jobs where you make stuff like airplanes, cars, food and electronics that can be shipped and sold around the world. The second sector is called non-tradable jobs, which are jobs that can’t be traded, like real estate, hotel and restaurant workers, health care professionals and government jobs." Additional coverage appeared in Wellington Advertiser

Excerpt from Seeking Alpha -- "Nouriel Roubini, in 'Crisis Economics: A Crash Course in the Future of Finance' (highly recommended), does an excellent job of detailing the full extent of the bailouts which far exceeded previous monetary efforts with some interesting and innovative strategies that likely avoided another depression."

Excerpt from Forbes -- "For the last few months, everyone from Nouriel Roubini to news reports from CNN have been asking when China’s development bubble will burst. At the heart of the hard landing call is China’s real estate market, its lenders, and the developers who probably overbuilt." Additional coverage appeared in Forbes

Excerpt from Financial Times Women at the Top blog -- “There will be an assumption that a woman can’t accept that promotion or can’t move because she’s got kids in school. So [the company] offers the job to Jim instead of Jane. I really worry about this. Particularly now because we need all the brains we can get."

Excerpt from Financial Times -- “These funds don’t pick at the carcasses of companies that have died, but try to bring them back to life."  Additional coverage appeared on VCCircle.com.

Excerpt from Bloomberg -- "In a recent paper, Clifford Asness, Lasse Pedersen and I showed that applying value (using long-term five-year return performance of the asset class) and momentum (using performance over the past year) to assets as diverse as government bonds, equity index futures, commodities and currencies produces strikingly similar results to those for individual stocks."

Excerpt from MSNBC -- "What happened with Simpson-Bowles? There was a perfect one; that was a home run! And they could all say, ‘look, here’s two bipartisan guys knowledgeable on the situation, no ax to grind, no re-election, none of that.’ And guess what? Nothing happened."

Excerpt from Scientific American blog -- "A study recently published online in 'The Journal of Consumer Research' found marketing from the bottom up works in some but not all cases. Vicki Morwitz of New York University, and Edith Shalev of the Technicon Israel Institute of Technology acknowledged in their article the existence of a new form of social influence process called Comparison-Driven Self Evaluation and Restoration."

Excerpt from BigThink -- "According to Jonathan Haidt and his colleagues, their patterns of moral sentiment and judgment make libertarians look a lot like liberals who care a great deal about liberty and not very much for suffering."

Excerpt from Bloomberg -- "In short, the big vulnerability of NGDP targeting is that it’s a license to inflate. It will inevitably undermine the Fed’s mandate to maintain price stability." Additional coverage in Bloomberg Newsweek, National Post, The New York Times Economix Blog, National Review

Excerpt from Motley Fool -- "For a company to be truly undervalued, Damodaran says in his book 'Investment Fables': 'You need to get a mismatch: a low price-to-earnings ratio without the stigma of high risk or poor growth.'"

Excerpt from The New York Times -- " ... many prominent voices have argued for more than a year that it is impossible for Greece to regain competitiveness while clinging to the euro currency. They include prominent economists like Nouriel Roubini ..." Additional coverage appeared in CNBC, The Huffington Post, Wall Street Journal Blog, Estadao, AFP, Financial Times Blog, Economist Blog, Forbes

Excerpt from Bloomberg -- "Whether the U.S. economy falls into a recession or expands more slowly matters little when it comes to stock-market strategy, according to Richard Bernstein, chief executive officer of Richard Bernstein Advisors LLC." Additional coverage appeared on Bloomberg, The New York Times, NewsMax.com and Bloomberg Businessweek.

Excerpt from The New York Times Dealbook blog -- “We believe working with Professor Sargent will be of significant value in developing a deeper understanding of the macroeconomic background that has had such a large impact on risk sentiment and asset prices, especially during the past three years."

Excerpt from Human Resources Executive -- "Power can lead people to be less open to factual advice, even when that advice can help achieve accuracy objectives and improve performance."

Excerpt from The Huffington Post -- "The European Union has missed the opportunity to get rid of the Greek problem once and for all by putting some money there in making Greece an isolated case. Right now the EU has to face the consequences in all the other weak countries."

Excerpt from Harvard Business Review -- "... research by me and other academics indicates that guidance increases analyst following and cuts down on unwelcome surprises, which in turn reduces stock price volatility and lessens the threat and consequences of shareholder lawsuits."

Excerpt from a TIME Magazine blog -- "We are going to have significant players in the shadow banking business have liquidity problems and we have to be willing to allow firms to sour when that occurs. ... MF Global was correct to be identified as small enough to fail."

Excerpt from Haute Living -- "The legendary Kenneth Langone was the former director of the New York Stock Exchange and a financial backer of Home Depot. Today, his focus is on philanthropic efforts. ... As Chairman and CEO of Hartz Mountain Industry and Hartz Group, Leonard Stern began the Hartz Mountain’s real estate operations in 1966 when he started to purchase land in New Jersey’s Meadowlands."