Experience Stern | News & Events

Excerpt from The New York Times -- "Some of that [higher education tuition] growth has resulted from a phenomenon called Baumol’s disease, after the economist William J. Baumol, who described it in a 1965 article he wrote with William G. Bowen. The basic idea is that while productivity gains have made it possible to assemble cars with only a tiny fraction of the labor that was once required, it still takes four musicians nine minutes to perform Beethoven’s String Quartet No. 4 in C minor, just as it did in the 19th century."

Excerpt from The Economist -- "'Apple needs to watch out for dividend addicts,' says Aswath Damodaran, a finance professor at New York University who owns Apple stock. Such shareholders, he adds, will be obsessed with extracting as much cash as possible from Apple rather than with its mission of making mind-blowing products."

Excerpt from CNBC -- "There are several euro-zone countries in trouble, including Italy and Spain, but Roubini sees Portugal as the weakest."

Professor Baruch Lev, author of "Winning Investors Over: Surprising Truths About Honesty, Earnings Guidance and Other Ways to Boost Your Stock Price" (HBR, November 2011), sat down with Gene Epstein, economic and book review editor at Barron’s, for a discussion about his research.

Excerpt from The Washington Post -- "'There’s kind of continued steady improvement in the employment situation,' said Tom Cooley, economics professor at New York University’s Stern School of Business. But, he added, 'It’s not anything like what we would like to see.'"

Excerpt from The Wall Street Journal -- "U.S. economic data are looking 'mixed' and the economic recovery is "anemic," economist Nouriel Roubini said Friday."

Excerpt from CNN Money -- "'The overall economy is still relatively weak,' said Larry White, professor of economics at the NYU Stern School of Business. 'We are clearly in a better position than we were two or three years ago, but the Fed will probably be steady as she goes well into 2013.'"

Excerpt from China Daily -- "'What we are about to go through is this incredible acceleration of the pace of urbanization in the developing world,' Romer remarked."

Excerpt from Financial Times Germany -- "The argument that a collapse of the banking system must be prevented, is basically correct: without a functioning banking system is not functioning economy. But here is worth looking into detail. It is crucial not to confuse the rescue of banks to bail out their shareholders and bondholders (Translated from German)."

On February 9, 2012, the Strategy & Operations Club (SOC) and Management Consulting Association (MCA) co-hosted the 2nd Annual NYU Stern Strategy Forum. This year’s theme, "Emerging from the Great Recession," focused on leaders who have made significant strides by moving businesses abroad and who understand the impact this has on the future.

The NYU ProMotion Pictures program facilitates interdisciplinary media projects among students within the Stern School of Business, as well as the Interactive Telecommunications Program and the Graduate Film Program, both in the Kanbar Institute of Film and Television at the Tisch School of the Arts. The SUBWAY® brand challenged students to develop a scripted episodic web series based on a brand brief entitled, Every Breakfast Sandwich Tells A Story.

Excerpt from Financial Times -- "The reality is that most of the gains in good times – and until the PSI – were privatised while most of the losses have been now socialised. Taxpayers of Greece’s official creditors, not private bondholders, will end up paying for most of the losses deriving from Greece’s past, current and future insolvency."

Excerpt from Financial Times -- "From a distribution perspective, watch and jewelery brands have traditionally sold through third-party retailers that not only manage inventory but also the relationship with the end consumer. The shift to digital requires both a shift in operations to facilitate a direct-to-consumer selling channel and a much larger strategy for managing these relationships"

Excerpt from Variety -- "'Today's content industry depends upon creative, business and technological excellence, and the opportunity for our students to combine forces has been truly inspiring for them and our faculty alike,' said Sam Craig, director of the entertainment, media and technology program at NYU's Stern School of Business."

Excerpt from Reuters blog -- "From the point of view of taxpayers, policy action to address the systemic threat is long overdue. Aside from the government-sponsored enterprises, the most glaring omission in the Dodd-Frank financial reform was the failure to address critical short-term markets such as those for money funds and repurchase agreements."

Some 50 academics, practitioners and policymakers gathered at NYU Stern in March for a roundtable discussion on securities litigation post-Dodd-Frank, co-hosted by Stern’s Vincent C. Ross Institute of Accounting and NERA Economic Consulting. Industry experts discussed recent developments in shareholder litigation and regulatory enforcement, the impact of regulatory reform and current academic research.

Excerpt from The Wall Street Journal -- "'His skills in communication in that environment are so extraordinary,' said NYU Stern School of Business professor Kim Schoenholtz. 'What we've seen under Chairman Bernanke is the willingness to explore a variety of mechanisms to communicate the Fed's goals.'"

Excerpt from Reuters -- "'There is too much emphasis on getting out, and getting on with business rather than whether it is going to work,' said Ed Altman, the Max L. Heine Professor of Finance at the Stern School of Business at New York University."

Excerpt from Forbes -- "Claudia herself supports such female non-profits as NEST, ShestheFirst, FACE Africa, and has always participated in the women in business community including panels for Stern Women in Business, the New York Times Small Business Summit, the Women’s Small Business Expo, and more."

Tony Alvarez (MBA '76), co-founder of Alvarez & Marsal LLC, a global professional services firm with expertise in turnaround management, corporate restructuring and performance enhancement, spoke to a group of MBA students through NYU Stern’s Leadership Luncheon Series, coordinated by the School’s Leadership Development Team.

Excerpt from The Washington Post -- "'With the iPad, Apple is relying on the fact that they have a package to offer with the iPhone, iPod and laptop at home and all the content under that umbrella,' said Eitan Muller."

Excerpt from The Epoch Times -- "'New York City has a long history of trying to encourage locally based smaller retailers and trying to discourage larger chains' retailers headquartered somewhere else,' said Lawrence J. White, professor of economics at NYU, mentioning the that the city has yet to have a Walmart and only recently opened a Target."

Excerpt from CNBC -- " ... if job creation continues at the 12-month average of some 142,000, more than 1.1 million jobs will be added by Election Day. 'He’s lucky that the recovery has taken so long, coming now rather than a year ago,' says White."

Excerpt from Financial News -- "If Bank of America should stumble again, and the FSOC had done nothing to prevent it, the political, as well as the economic, fallout could be devastating."

Excerpt from Crain's New York Business -- "'Cloud computing is increasingly used for things it wasn't used for before,' said Arun Sundararajan, a professor at New York University's Stern School of Business. He cited personal music collections that are now kept in Apple's cloud, and the use of the Web for everything from social networking to finding babysitters."