Experience Stern | News & Events

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."

Excerpt from Bloomberg -- “'Supervision by itself is not enough because it is within the regulatory perimeter' in which the Fed focuses primarily on banks, said Viral Acharya, a finance professor at New York University’s Stern School of Business who has served as an adviser to several Fed district banks."

Excerpt from The New York Times -- "'It’s all about association. If Samsung wants to be perceived as hip, cool and cutting edge, it has to have a partner with the same qualities,' Hal Hershfield, assistant professor of marketing at New York University’s Stern School of Business, said of Samsung’s alliance with Mr. Wang. 'Like Apple, which has a certain image, both Microsoft — with indie bands — and Samsung with fashion are saying that we can play this game, too,' Mr. Hershfield said."

Excerpt from CNBC -- "'This is a company that's being priced for no growth and compressed margins already, so I don't understand why the market would react the way it does to news that is, in a sense, is not being built into the stock price,' he said."

Excerpt from CNBC -- "The 'easy money' policy of the Federal Reserve will continue for 'as far as the eye can see' and that's going to continue to be good for the U.S. stock market, noted economist Nouriel Roubini told CNBC on Tuesday."

Excerpt from LiveMint -- "While India has not experienced a crisis recently, the ownership structure of government debt seems problematic from the view of financial and economic stability. More than 80% of government debt in India is held by banks and state-owned insurance companies. This ownership structure, coupled with substantial public ownership of banks and financial institutions, implies a strong nexus between banks and governments."

Excerpt from Bloomberg BusinessWeek -- "The World Bank estimates that over the next five to 10 years, China will export something like 85 to 100 million jobs to earlier-stage developing countries, and that they will be replaced by higher-value-added activities. This is the opportunity of the century for the earlier-stage developing countries, because for a long time they’ve been saying, rightly or wrongly, that they can’t compete with China. Well, China is moving on just like Korea did before, and now is their chance."

Excerpt from MSNBC -- "I think the main thing for the vehicle graphics company and anyone considering this is are you ready to be a franchise? Meaning, have you built a brand that other people would be interested in?"