Faculty News

Prof. Aswath Damodaran invites the public to attend his course on valuation

Excerpt from BVWire News -- "Aswath Damodaran, Professor of Finance at the NYU Stern School of Business, is teaching one class this year—valuation—and you are invited to attend."
Faculty News

Nobel Laureate Prof. Michael Spence on US American unemployment

Excerpt from Triple Pundit -- “What makes the current situation so hard is that we’re trying to solve a long-term problem with a very constrained fiscal situation."  Additional coverage appeared on a Council on Foreign Relations blog.
Faculty News

Prof. Nouriel Roubini is highlighted for his views on Karl Marx

Excerpt from Bloomberg Businessweek - "Marx has gotten an attentive reading recently from the likes of New York University economist Nouriel Roubini and George Magnus, the London-based senior economic adviser to UBS Investment Bank."  Additional coverage appeared in Livemint.
Faculty News

Prof. Richard Sylla on John Jacob Astor

Investor's Business Daily logo
Excerpt from Investor's Business Daily -- "'He was good at sensing when to get in and out of things,' said Richard Sylla, professor of the history of financial institutions and markets at New York University's Stern School of Business."
Faculty News

Nobel Laureate Prof. Michael Spence on China lending to the euro zone

Excerpt from Bloomberg Businessweek -- “With relatively high yields, if there is a credible plan in Italy -- Italy has very low private debt, its public debt is relatively stable if they adopt sensible policies -- so could be quite a good investment as well.”  Additional coverage appeared on Channel News Asia.
Faculty News

Nobel Laureate Prof. Michael Spence on the state of the US economy

Excerpt from Bloomberg -- "Spence, a professor at New York University’s Stern School of Business who won the Nobel Prize in economics in 2001, stopped short of saying the U.S. is in a crisis. 'We have a debt problem, we have a political problem dealing with it, and we certainly have a growth and unemployment problem, but it’s not a crisis,' he said."  Additional coverage appeared in Washington Times.
School News

Post-Doctoral Scholar Moran Cerf on his neuroscience research

Excerpt from KCRW -- "Moran Cerf tells the story of what it's like to try and subdue a science fiction monster as it threatens to devour years of serious research."
Faculty News

Profs Viral Acharya, Itamar Drechsler and Philipp Schnabl's paper on CDS is cited

Excerpt from The Independent -- "I was also struck by this chart in Vickers, based on work by a paper by Viral Acharya, Itamar Drechsler and Philipp Schnabl of NYU-Stern, which shows the movement over time of credit default swaps (CDS) in the Irish and British banking sectors, and also the movement over time of the CDS of Irish and British government bonds."
Faculty News

Nobel Laureate Prof. Michael Spence on China's economy

Xinhua logo
Excerpt from Xinhua -- "'China has a Five-Year Plan. It's easy to read, it's understandable,' Spence said of China's 12th Five-Year Plan (2011-2015)."
Faculty News

A review by Prof. Amity Shlaes of Michael Hiltzik's book, "The New Deal"

Wall Street Journal logo
Excerpt from The Wall Street Journal -- "Can you wage war against an economic downturn by attacking it like a military opponent? If so, can you win such a war? In "The New Deal," a blow-by-blow account of Roosevelt's campaign against the Great Depression, Michael Hiltzik implicitly answers both questions with a 'yes.'"
Faculty News

Prof. Hal Hershfield's research on the lack of retirement savings is featured

Excerpt from the Boston College Financial Security Project -- "Economists’ explanation for why people don’t save for retirement is that they “discount” the future, placing a higher value on today’s pleasures."
Faculty News

Prof. Scott Galloway's digital IQ ranking of prestige brands in China is featured

Excerpt from PR Newswire -- "Audi took the top rank in the second-annual Prestige 100®: China IQ, which measures the digital footprint of 100 prestige brands in China, the world's fastest-growing luxury market."  Additional coverage appeared on Newswise, MarketWatch, Betanews, StreetInsider.com, Yahoo! News, TheStreet.com, At the Center of it All, Newsblaze.com and Bradenton.com.
Faculty News

Prof. Amity Shlaes on fiscal stimuli

Excerpt from Brainerd Daily Dispatch -- “If a stimulus doesn’t take effect quickly, it isn’t really a stimulus, which is what Obama discovered after many millions of his 2009 spending package went unspent.”
Faculty News

Prof. Nouriel Roubini's economic predictions for China are highlighted

CNBC logo
Excerpt from CNBC -- "The big risk for Mongolia, however, remains its dependence on mining exports, especially to China. A crash landing for China’s economy forecasted by hedge fund investors such as Jim Chanos and economist Nouriel Roubini, could set back the country’s ambitious GDP growth targets."
School News

The NYU Stern Berkley Center's Leadership Team is featured as the 2011 Opel Award recipient

Excerpt from Washington Square News -- "For their dedication to New York's business community, the Stern School of Business's Berkley Center was presented the first-ever Outstanding Professionals for their Entrepreneurial Leadership award last week."
Faculty News

School News

The 2010 NYU Stern Business Plan Competition Winner, ToVieFor.com, is featured

The New York Observer logo
Excerpt from New York Observer -- "At the beginning, ToVieFor had incredible momentum. The startup won the $75,000 grand prize at NYU’s Stern School business plan competition, debuted at TechCrunch Disrupt and went on to make the cut into the first TechStars NY class that ended April 15"
Faculty News

A paper by Prof. Paul Romer on growth economics is referenced

Nightly Business Report logo
Excerpt from PBS Nightly Business Report -- "A recent paper by Stanford economists Paul Romer and Charles Jones summarizes the state of growth econ."
Faculty News

Prof. Samuel Craig on products commemorating the tenth anniversary of 9/11

TIME logo
Excerpt from TIME -- "You get the feeling that some of these items have an extremely tangential connection to 9/11, and they seem to want to trade on the event. ... At certain times, it feels excessive."
Faculty News

Prof. Jeffrey Carr on the need for mentors in the New York start-up scene

Excerpt from Xconomy.com -- “One of the hurdles New York City has is, as good as the tech scene is, you’ve got to get those people together.”  Additional coverage appeared on XYDO.com and NYConvergence.
Faculty News

Prof. Paul Romer's research on accounting fraud is cited

Excerpt from Benzinga.com -- "The accounting control fraud recipe, as Akerlof & Romer warned, is a 'sure thing' – it produces record (albeit fictional) short-term income."
Faculty News

In an op-ed, Prof. Amity Shlaes discusses Frederic Bastiat's 1850 Paris campaign

Excerpt from Bloomberg -- "Bastiat noted that over time laws and lawsuits come to accrue more importance than the people and activities they govern."  Additional coverage appeared on Oregonlive.com, Projo.com, Journal Gazette, Powerlineblog, Bloomberg and Vancouver Sun.
Faculty News

Prof. Nouriel Roubini's warnings before the US housing crash are cited

Excerpt from Bloomberg -- "The challenge to the shortage numbers echoes warnings before the U.S. housing crash from doomsayers including New York University Professor Nouriel Roubini, 'The Black Swan' author Nassim Taleb, and Peter Schiff, chief executive officer of Euro Pacific Capital Inc."  Additional covereage appeared in Bloomberg Businessweek.
Faculty News

Prof. Roy Smith advises breaking up the big banks to avoid a recession

MarketWatch logo
Excerpt from MarketWatch -- "Fears of recession, tough trading conditions, an ocean of unresolved litigation and the worsening euro-zone mess have delivered a real pounding to bank stocks this summer. Former Goldman Sachs partner Roy Smith joins Mean Street to offer a solution: Break up the banks."  Additional coverage appeared on The Kevin Trudeau Show.