Experience Stern | News & Events

Excerpt from The Wall Street Journal -- "What a brief review of 'The Righteous Mind' can only touch upon is the scientific ambition of Mr. Haidt's project. His observations about American politics are just the most accessible part of a wider argument about the nature and origins of morality itself."

Excerpt from The New York Times blog -- " ... we’ve seen the sudden re-emergence of the older culture war — the one between the religious right and the secular left that raged for so many years before the financial crisis and the rise of the Tea Party. When sacred objects are threatened, we can expect a ferocious tribal response."

Excerpt from The Morehead-Cain -- "'Education is subversive, in the most positive sense of the word,' [Peter Henry] said. 'The goal of classical education is to create a mind that will, in some sense, undermine the teacher. We need to get that spirit back into the business school environment.'"

Excerpt from TheStreet.com -- "'We can create opportunities online that would have been impossible before,' Sproull says. 'We can connect volunteers around the world with community development projects in Africa that need specific expertise they're not going to find on the ground.'"

Excerpt from The New York Times -- "On Wall Street, and generally in the financial industry, moral and ethical behavior has another name, fiduciary responsibility."

Excerpt from Reuters -- "It's what the brand represents, not necessarily only lifestyle. So lifestyle could be part of it but the overall personality, what it signals to that consumer about the consumer themselves, which is smart, innovative, cutting edge, and worth a few extra dollars."

Viral Acharya, C.V. Starr Professor of Economics, was selected to receive the inaugural 2011 Banque de France-Toulouse School of Economics Junior Prize in Monetary Economics and Finance.

Dean Peter Henry welcomed Prime Minister David Cameron to NYU for a questions and answers session, which spanned topics including the economy, foreign affairs and political reform.

Excerpt from The Wall Street Journal -- "As shown by research conducted by New York University economist Thomas Philippon, the cost of financial intermediation—what the financial sector charges the rest of the economy for its services—began a move around 2000 that would take it by 2010 to its highest level in 140 years."

Excerpt from Bloomberg -- "NYU’s Smith ... said Wall Street’s culture has changed because trading has become a more important source of revenue than the fees banks get from advising companies on takeovers or financing."

Excerpt from The Wall Street Journal -- "Speaking at New York University Thursday, Mr. Cameron said he and Mr. Obama on Wednesday discussed tapping oil reserves. 'We'd both like to see global oil prices at a lower level than they are today,' Mr. Cameron said."

Excerpt from Bloomberg -- "The Securities and Exchange Commission should use its existing authority to protect investors by requiring that corporations disclose their political contributions."

Excerpt from Fox Business -- "['Citigroup has] come a long way from where they were in 2008. I don’t see this as necessarily a smack down of them. It’s a mixed bag of news,' said David Yermack, a finance professor at the NYU School of Business."

Excerpt from Bloomberg -- "When the EBA gets a fourth turn at bat this year, the authority can -- and should -- make use of a growing body of knowledge and experience regarding stress tests. And supportive actions by the European Central Bank and the fiscal authorities may raise the chances of success."

Excerpt from Reuters blog -- "Canellos was speaking as part of a panel last week on trends in financial enforcement and securities litigation after Dodd-Frank. The panel was organized by NYU Stern Business School and NERA Economic Consulting."

Excerpt from VoxEU -- "Systemic risk should not be described in terms of a financial firm’s failure per se but in the context of a firm’s overall contribution to system-wide failure. The intuition is straightforward. When only an individual financial firm’s capital is low, the firm can no longer financially intermediate."

Excerpt from Reuters -- "Rather than opposing the EU, we urge your administration to support their efforts to price carbon in the context of the ICAO."

Excerpt from MarketWatch -- "'I can see a situation where the center of trading a Swiss stock will migrate in time to another market,' Amihud added. London, for example, could be a more suitable trading platform for Swiss stocks because of its time zone compared with New York."

Excerpt from MSNBC -- "White said the Fed will probably let its 'Operation Twist' wind down later this year as planned, and is unlikely to announce any further actions to increase the money supply."

Excerpt from Financial Times -- "[Crowdfunding] provides entrepreneurs with 'market validation' ahead of a launch, he says. 'You know there is demand, you are combining market research with raising funds.'"

Excerpt from The Huffington Post -- "In their well-documented book, 'A History of Interest Rates,' Sidney Homer & Richard Sylla trace the evolution of credit and the influence of the religious communities almost every step of the way in the process."

Excerpt from CNN Money -- "'If you move it even a little bit, it can cause massive redistribution of resources because it's so extensively used,' said Rosa Abrantes-Metz, a professor at New York University's Stern School of Business and a former economist with the Federal Trade Commission."

Excerpt from The New York Times -- "'Every decade or so,' said Paul Romer ... 'any finite system of financial regulation will lead to systemic financial crisis.'"

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."