Experience Stern | News & Events

Former Chairman of the Federal Reserve Board Paul Volcker spoke with a group of more than 100 students at the seventh annual Haitkin Lecture, organized by Stern’s Business & Society Program Area. Looking at the prospects for financial reform, Volcker underscored the importance of government oversight in today’s markets and stressed the critical role of internal controls in banks.

Excerpt from The Real Deal -- "'We learned from the global financial crisis of the systemic importance of real estate finance and continue to see how housing influences the direction and speed of the economic recovery,' said Stijn Van Nieuwerburgh, a professor of finance at NYU’s Stern school and the director of the Center for Real Estate Finance Research."

Excerpt from MarketWatch -- "NYU Stern School of Business will visit the NASDAQ MarketSite in New York City's Times Square to kick off 'Pre-View weekend' for students admitted to the Stern Full-time MBA Class of 2014."

Excerpt from Barron's -- "Back when Nouriel Roubini was a teenager, Kaufman was the original Dr. Doom whose bearish -- and prescient -- pronouncements about interest rates and inflation regularly shook the markets."

Excerpt from Investor's Business Daily -- "'If you try to buy a book now, you often will see that the price of the electronic or digital version is higher than the price of the hard-cover version, which is completely absurd,' said Nicholas Economides, a professor at New York University's Stern School of Business."

Combining its strength in finance with eminent scholars pursuing the study of real estate from the perspective of financial markets, economics, and commercial real estate development, NYU Stern launches a new Center for Real Estate Finance Research.

Excerpt from Downtown Express -- "The consequences for Downtown Manhattan’s post-9/11 rebirth may be devastating. Unless a sensible overcrowding solution is found soon, many families will move out of Downtown, and not just wait-listed families will leave."

Excerpt from NPR All Things Considered -- "Hershfield and a group of researchers wanted to help young people vividly imagine their own old age, so they recruited college-age men and women, gave them goggles and sent them into a virtual reality laboratory where they encountered a kind of mirror."

Excerpt from The American Prospect -- " ... markets may well become more efficient in achieving their primary social function—raising capital for enterprises, as Professor Thomas Philippon has argued."

NYU students walked the red carpet this month at the ProMotion Pictures Gala to celebrate the University’s 2011-2012 partnership with SUBWAY® and Content & Co. Through the ProMotion Pictures Program, graduate students from the Stern and Tisch Schools joined forces to produce branded entertainment as part of the Subway Fresh Artists™ Challenge. Hosted at the Tribeca Cinemas, the event featured screenings of two winning web series, produced by NYU students.

Excerpt from Marketplace -- "I just am unsure about how strong the banks are. I still worry that there are lurking losses in mortgages."

Excerpt from The Economist -- "Between 1990 and 2008, the [Spence and co-author] say, value added rose most in America's tradable sectors. Virtually all of the net employment growth, by contrast, occurred in non-tradable sectors."

Excerpt from Bloomberg -- "In 1812, all of the top five companies, and nine of the top 10, were banks. ... The finance sector made up 44 percent of the 500 largest corporations and 72 percent of all the authorized capital that year."

Excerpt from Financial Times -- "The recent Greek debt restructuring illustrates how the empty creditor phenomenon may lead some players to attempt to derail a debt workout highly beneficial to the entity, and to its ordinary (i.e., non CDS-holding) lenders."

Excerpt from Livemint -- "Given how crowd-funding has fuelled innovation and entrepreneurship elsewhere, it’s only right that policymakers in India start to deal with crowd-funding in a serious way."

Excerpt from Forbes -- "We’ve also had more recent economists such as William Baumol showing us that it just isn’t the invention of new things which increases wealth, it’s the use of those new things which does."

Excerpt from New York Magazine -- "At the vanguard of this movement is Jonathan Haidt, a moral psychologist whose best-selling new book, The Righteous Mind, collects his own experiments—testing biases, prejudices, and ­preferences—and the work of like-minded colleagues to unmask much of our political 'thinking' as moral instinct papered over, post facto, with ideological rationalization."

Excerpt from Fox News -- "I think there will be a time when coins will be something just for a museum. Probably not in my lifetime, perhaps in my 16-year-old son's lifetime where the electronics will get so easy, so cheap that even when you want to go to the local candy store and just by 17 cents worth of candy you use a credit card."

Excerpt from Christian Science Monitor -- " ... high heels are an example of the kind of pointless competition that Robert Frank highlights in his recent book, 'The Darwin Economy.'"

Excerpt from Bloomberg Businessweek -- "Zoe Feldman rents time at The Arm every few weeks to print cards ... and sells them on Etsy. ... The former Pepsi executive and MBA candidate at New York University’s Stern School of Business says she may forsake corporate life if the nascent business takes off."

Excerpt from The Wall Street Journal blog -- "'Girouard’s leaving Google now is less serious than it would have been a couple years ago,' Sundararajan said. Girouard was such a strong presence in evangelizing Google’s cloud the last five years that CIOs of small and large businesses alike are comfortable with the platform and strategy, he added."

Excerpt from The New York Times -- " ... even when unconstrained, price movements are often insufficient to clear markets, as pointed out by George Akerlof, A. Michael Spence and Joseph Stiglitz in work that garnered them the Nobel Prize."

Excerpt from The New York Times Dealbook blog -- " ... it is worth reading a study by Thomas Philippon and Ariell Reshef of the National Bureau of Economic Research, which traces industry wages over the last century. Its conclusion might not surprise you: financiers, to put it plainly, were overpaid."

Excerpt from The New York Times -- "Tom Meyvis, an associate professor of marketing at the New York University Stern School of Business, warned, however, that although running-shoe buyers might say they care where merchandise was made, 'in a concrete shopping situation, a lot of ideals don’t matter that much anymore. Features such as price and design have a bigger impact.'"

Excerpt from Bloomberg -- "'As long as JPMorgan cuts its ties, it is no longer involved,” said Roy Smith ... 'Its public reputation may be affected for a while but its reputation with clients for competence, professionalism and integrity is likely to survive unchanged.'"