School News

An excerpt from Reserve Bank of India Governor D. Subbarao's talk at NYU Stern is cited

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Excerpt from Livemint -- "It has been argued that raising interest rates will do little to bring down food prices. But here’s what Subbarao said in a speech at the Stern School of Business, New York University, in September: 'Rising incomes, especially in rural areas, have resulted in a shift in dietary habits away from cereals and toward protein-based foods.'"
Faculty News

Research Scholar Robert Frank's book, "The Darwin Economy," is reviewed

Excerpt from Arab News -- "One of the main ideas of the book is that individual interests expressed in free markets do not always produce outcomes that are best from the perspective of the group. This Darwinian understanding of the competition, according to the author, is currently lacking in our view of things."
Faculty News

Prof. Nouriel Roubini on the global economic crisis

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Excerpt from Yahoo! Finance -- "The contagion has now gone viral, cross Atlantic and global." Additional coverage appeared in Business Insider, Forbes, and The Wall Street Journal blog.
Faculty News

Prof. Amity Shlaes on Newt Gingrich's recent rise in the polls

Excerpt from Bloomberg -- "Whether his recent rise in the polls is lasting or not, Newt Gingrich has already shifted Campaign 2012 for the better. The feisty former speaker of the House has reminded us through his debate performances that knowledge is an important part of a president’s work." Additional coverage appeared in Brainerd Dispatch, New York Post, NewsMax.com, and Bloomberg Businessweek.
Faculty News

Prof. Edward Altman's Z-Score tool for predicting the probability of bankruptcy is featured

Excerpt from Benzinga.com -- "Dr. Altman developed the widely-used Altman Z-score, which was initially designed to estimate the probability of a firm defaulting. Recently, he has reworked his metrics to apply them toward analyzing sovereign risk."
Faculty News

An op-ed by Research Scholar Robert Frank on ending the Black Friday madness

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Excerpt from The New York Times -- "Few people actually want to shop in the wee hours, and the purchases that do occur then are presumably offset, dollar for dollar, by reduced sales during normal business hours." Additional coverage appeared in The Washington Post, Wicked Local, Forbes, Telegraph.co.uk, Business Insider, Newser.com and The New American.
Faculty News

Research Scholar Robert Frank participated in a poll on the future of the euro zone

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Excerpt from Reuters -- "Fourteen out of 20 prominent academics, former policymakers and independent thinkers polled over the last 10 days agreed the euro zone's make-up would change."
School News

TRIUM Global Executive MBA student Kalpana Sankar is featured

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Excerpt from The Economic Times -- "Sankar knew an MBA was important for her to gain management skills as her NGO increases in scope. 'I am a researcher with two doctorates but I am basically an introvert. I was skeptical about how I am going to cope with the aggressive business guys. The experience has been amazing.'"
School News

Prof. Scott Galloway says media brands have failed to embrace social media

Excerpt from The Media Briefing -- "Galloway argues that media brands have dropped the ball on social media. The thing they are (were?) good at was connecting with people – but in a digital age its brands that are taking over."
School News

NYU Stern's Global Systemic Risk rankings are featured

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Excerpt from Seeking Alpha -- "NYU Stern School of Business has come up with a global ranking of financials instead of just a ranking for U.S. financials."
School News

NYU Stern is cited for meeting with representatives from The Ecole Hôtelière de Lausanne (EHL)

Excerpt from Hospitalitynet.org -- "The EHL delegation seized the opportunity to meet with distinguished representatives of the Robert Tisch Center for Hospitality, Tourism, and Sports Management, the Stern School of Business and with the Swiss Society in New York for potential future collaborations."
Faculty News

An op-ed by Prof. Viral Acharya on re-capitalizing European banks

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Excerpt from VoxEU -- "The aim of the recapitalisation is to ensure that European banks can absorb potential losses from sovereign-debt restructuring." Additional coverage appeared in the Financial Times blog.
Faculty News

Nobel Laureate Prof. Michael Spence's book, "The Next Convergence," is reviewed

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Excerpt from Strategy + Business -- "The fact that "The Next Convergence" covers so much ground means that it has little time for the folksiness and redundancy that make for easy reading. The payoff is coherence — the argument of the book fits together as tightly as the formal models that Spence once built for a living." Additional coverage appeared in Science Mag.
Faculty News

Prof. Roy Smith on the euro zone's debt

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Excerpt from Financial News -- “Bankers will have to do all this – and when they have, the markets are likely to create further opportunities to exchange privately held Irish and Portuguese debt in the same way, maybe even Spanish and Italian debt, too ... Banks handled exchange offers of Brady Bonds for 17 countries in the 1990s, why not again?”
Faculty News

Prof. David Poltrack is hopeful Bluefin will improve TV analytics

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Excerpt from Fast Company -- "'We're looking for Bluefin to add something new,' says CBS chief research officer David Poltrack, who is intrigued by the product."
Faculty News

Prof. Robert Frank on "keeping up with the Joneses"

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Excerpt from The Malaysia Star -- "As described by economist Robert H. Frank, the desire to keep up with the Joneses is similar to the arms race among countries."
Faculty News

A photo of Prof. Nomi Ghez is featuredE

Excerpt from Bloomberg -- "They had gathered for the S.L.E. Lupus Foundation gala honoring U.S. Senator Frank Lautenberg and his wife, Bonnie Englebardt Lautenberg, and featuring a performance by Carole King, including the apt 'You’ve Got a Friend.'"
Faculty News

Prof. Anindya Ghose on collecting consumer data from social media sites

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Excerpt from Knowledge@Wharton -- "... 'social media is democratizing marketing,' Ghose argues, because the viral spread of information is forcing companies to communicate better with their customers and is giving consumers a greater voice."
Faculty News

Prof. Joseph Foudy shares his outlook for the global economy

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Excerpt from CNC World -- "The global outlook is quite tough. Not only do we see continued weakness in Europe ... we see weak economic numbers in the U.S. and ... we see a housing market in China that shows signs of slowing ..."
Faculty News

Prof. Viral Acharya on the Dodd-Frank act

Excerpt from Euromoney -- “The idea of the Dodd-Frank Act was to address the too-big-to-fail problem, at least some of which arises from short-term financing and the shadow banking markets."
Faculty News

Prof. Lawrence Lenihan is cited for his involvement with the new iPhone app, Fondu

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Excerpt from TechCrunch -- "[Fondu] raised a $575,000 seed round led by ENIAC Ventures. The NYU Innovation Fund, Harbor Road Ventures, Blazer Ventures, Lawrence Lenihan, and Zach Aarons also participated in the round. "
Faculty News

Prof. Richard Sylla on US interest rates

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Excerpt from PBS Newshour -- "And, checking with NYU's celebrated economic historian Richard Sylla, we find that today's rates are astonishingly close to the lowest in the entire history of the United States: 1.85 percent, the nadir reached in late 1941." Additional coverage appeared on a New York Times blog.
Faculty News

Prof. William Baumol's theory, Cost Disease, is highlighted

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Excerpt from The New Yorker -- "Baumol recognized that some sectors of the economy, like manufacturing, have rising productivity—they regularly produce more with less, which leads to higher wages and rising living standards. But other sectors, like education, have a harder time increasing productivity."
Faculty News

An op-ed by Nobel Laureate Prof. Michael Spence on what is required to save Italy

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Excerpt from Project-Syndicate -- "Only bold and largely unconditional commitments by both the European Union and Italy can break this dangerous impasse. Absent either one, the risk of a sequential unraveling of eurozone public finances and a global economic downturn will remain high."
Faculty News

Prof. Roy Smith on shrinking Wall Street banks

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Excerpt from Reuters -- "An admission from the head of the second-biggest U.S. investment bank that he's okay with shrinking is an extraordinary recognition of regulatory and market realities, said Roy Smith, a former Goldman Sachs partner who teaches management practice at NYU's Stern School of Business." Additional coverage appeared in US News & World Report, The Chicago Tribune, ABS-CBNNews.com, CNBC, and the International Business Times.