Experience Stern | News & Events

Excerpt from Bloomberg TV -- "The issue about RadioShack is, sure Amazon's been a factor, but these are self-inflicted wounds. This is a company that's never been able to express its reason for being."

Excerpt from the University of Delaware Review -- "Governors have become interested in the prospect of overseas businesses coming to the United States so that jobs can be supplied for their constituents, according to New York University economics and global business professor Thomas Pugel."

Excerpt from Bloomberg BusinessWeek -- "Research should be done at business school, but it should be done in moderation and not in the way it is being done now. The way professors are judged is 99 percent dependent on their research and 1 percent dependent on everything else. People who do research well should do it. People who don’t do it as well should not."

Excerpt from Yahoo! Finance -- "Economist Nouriel Roubini of NYU’s Stern School of Business tells The Daily Ticker that it’s not only monetary stimulus by the Fed that’s been driving stocks higher but also “more unconventional monetary policy” from the ECB, Bank of Japan, Bank of England and the Swiss National Bank."

Excerpt from NYT Magazine -- "There’s shareholder value, and there’s stakeholder value. The banking industry is worried about shareholder value, and NGOs are primarily interested in stakeholder value. But things that drive up shareholder value can actually be very good for society at large. We have to have a different way of thinking about the role of business in society."

Excerpt from Bloomberg -- "For the first time, we are hearing some people on the Federal Open Market Committee worry about lower yields, yields that are too low for too long. Institutions are reaching for assets, junk bonds, and one of the members gave a speech two weeks ago, Jeremy Stein, who is a former professor at Harvard, with great intellectual fire power warning about that."

Excerpt from The New York Times -- "Instead, there is a better way. Eliminate the government’s regulatory reliance on ratings. Since the 1930s, financial regulators have required many financial institutions to heed the ratings of a handful of raters. The goals of the regulators were good: making sure those institutions’ portfolios held safe bonds. But mandating reliance on the Big Three enhanced their importance and made it harder for other rating firms to compete with them."

Excerpt from Project Syndicate -- "For developed countries, increasing resilience and flexibility over time by building public assets should be a long-term priority. Periodic systemic risk affects entire economies and public finances, not only financial markets, and governments should be able to respond during periods of rapid structural change."

Excerpt from The Wall Street Journal -- "It's hard to think of another Republican with the fortitude to push back against the outlays, to make government smaller, to lower taxes. And to show that such moves can yield prosperity."

Excerpt from The New York Times -- "For instance, in his recent book, 'The Righteous Mind: Why Good People Are Divided by Politics and Religion,' Jonathan Haidt argues that, far from being a way of holding our moral beliefs up to critical scrutiny, moral reasoning is generally something we use merely to convince others of long-held beliefs that we are unwilling to abandon."

Excerpt from The New York Times -- "Is love for sale? Maybe not quite as directly as sex is, but economists believe that the quest for a romantic partner obeys essentially the same cost-benefit logic that governs every other market."

Excerpt from Washington City Paper -- "Arun Sundararajan, a professor at New York University’s Stern School of Business who traces the rise of the sharing economy from the early days of music and file sharing in the 1990s, says it’s time for regulators to adapt: 'Historically, when technology makes things more efficient, it always leads in the short term to disruptions and [regulatory] trouble.'”

Excerpt from Nightly Business Report -- "The one thing they have going for them is, they’ve run other companies very well in Brazil for a long time and these are people with a long history in consumer products."

Excerpt from Bloomberg -- "I think it's generally recognized when the bond issuers ask and are paying for the rating, there's a potential conflict. No question. But that conflict was present not only in the mortgage bonds but it's been present for over 40 years in plain vanilla corporate bonds, muni bonds, sovereign government bonds, and it didn't blow up there."

Excerpt from Institutional Investor -- "Observers predict that the FSB will impose minimums. If they’re too high, 'the market will, in boom times, find other ways to increase leverage,' says Bruce Tuckman, clinical professor of finance at New York University’s Leonard N. Stern School of Business. One solution is instruments that can mimic repos, like total return swaps. As so often happens, the market may remain one step ahead of regulators."

Excerpt from The Huffington Post -- "But the dollars simply can't achieve the objective, said David Backus, an economist at NYU's Stern School of Business. 'Fifty billion dollars is basically an immaterial number for the U.S. economy,' Backus said. 'We have a 14-trillion dollar economy. Will there be an employment effect? Maybe. But it'll be swamped by anything else that goes on.'"

Excerpt from The Wall Street Journal -- "A trio of business professors studied six years of supermarket purchases in counties covering nearly half the U.S. population and found that, when it comes to groceries, conservatives like established national brands—and are significantly less likely to try new items."

Excerpt from The Atlantic Wire -- "Our inclinations in the polling booth may influence our choices in the supermarket, according to a new study led by Vishal Singh of New York University's Stern School of Business."

Excerpt from the Financial Times -- "At the core of Prof Henry’s research is historical analysis of stock market reactions to government reforms in emerging economies. He concludes that decisive and transparent plans to implement market-friendly policies repeatedly inspired market optimism in future growth."

Excerpt from the Financial Times -- "'The challenge,' John Seaman and George David Smith, historical and archival consultants, wrote in Harvard Business Review recently, 'is to find in an organisation’s history its usable past'."

Excerpt from Financial News -- "A more informed solution to avoiding avalanches would be to learn what Samuelson never did – how to identify where the next one might occur, (currently in the high-yield debt market) – and what to do to minimise widespread fallout. But this is not something former prosecutors, newly appointed as financial regulators, will find easy to do."

Excerpt from the Financial Times -- "Apple’s mix of momentum, growth and value investors, and a rumour ecosystem that feeds trading means the two processes can yield very different numbers. Investors have to make judgments: first on the stock’s value relative to price; and second on whether the gap will close."

Excerpt from Marketplace -- "There's another risk with a high price tag, says Adam Alter, a professor of marketing and psychology at New York University. If you’re a friend or family member of a suspect, and you’re on the fence about turning in someone you love, a big reward might actually backfire because 'you're turning it in to an economic transaction for someone's freedom, which I think is for a lot of people quite offensive,' Alter said."

Excerpt from CNBC -- "'India, Russia, and China, all of them are moving towards state capitalism, and that's actually going to slow potential growth,' he told CNBC."

Excerpt from Foreign Policy -- "In an era of bubbles, crashes, tarnished reputations, and outrage over the gulf between the wealthy and the struggling classes, it may seem like the height of insolence to suggest that stock markets hold the key to economic recovery in the United States and Europe. Wasn't it market misbehavior that got us into this mess in the first place? But, in fact, policymakers would still do well to look to the stock market as an essential indicator of the likely impact of their reforms."