Experience Stern | News & Events

Excerpt from the Financial Times -- "I think that the worst consequence of the fiscal cliff is that it's really taking attention away from what really needs to be done for the long run."

Excerpt from Nightly Business Report -- "I know they say you can't be too rich or too thin, but companies can in fact be too rich and sometimes you want to shrink out the cash."

Excerpt from Reuters -- "'What we are seeing now is a gamesmanship dance in which firms do whatever they can to avoid regulation, which is an age-old phenomenon,' said Thomas Cooley, a professor of economics at New York University's Stern School of Business."

Excerpt from the Star Tribune -- "The concept comes from economist William Baumol, whose groundbreaking work studying the arts in the 1960s with a Princeton University colleague led to his simple observation that productivity gains in the performing arts are all but impossible to achieve."

Excerpt from Foreign Policy -- "NOURIEL ROUBINI, For being not just gloomy, but right... PAUL ROMER, For dreaming big about how to reinvent cities... JONATHAN HAIDT, For revealing the psychology of partisanship."

Excerpt from the Harvard Business Review -- "A sophisticated understanding of the past is one of the most powerful tools we have for shaping the future."

Excerpt from The New York Times -- "'If you can talk to someone who’s gone through it who has a positive view, then they could really alleviate some of the concerns,' said Bryan Bollinger, an assistant professor of marketing at the Stern School of Business at New York University who has studied patterns of solar adoption."

Excerpt from the Wall Street Journal -- "Ralph Gomory, former head of Sloan Foundation, and NYU economic historian Richard Sylla, trace the history of the corporation in a long essay to be published next year in Daedalus, and ask, 'How do we align the actions of corporations with the broader interests of the country?'"

Excerpt from The Huffington Post -- "Perhaps the central challenge for the future of Europe is to decide which risks qualify for insurance and which do not. Their choices must balance insurance with incentives. And once they decide, they must make a firm commitment to paying any claims that make their list."

Excerpt from CBS News -- "The chance of your winning if you don't play is zero, but the chance of your winning if you do play is about the same."

Excerpt from U.S. News -- "Ghose has also observed significant demand from job recruiters for analytical skills. 'Most companies understand that there is some value in business analytics and big data, but they just don't have, often, the in-house skills to do something with that,' he says."

Excerpt from CNBC -- "The fiscal cliff is on everybody's radar but I think it's not the only thing that needs to be on our radar because I think that the situation in Europe could actually turn out to be just as damaging for the US economy as the fiscal cliff."

Excerpt from BBC -- "It's a temporary deal. It's not perfect. It's a compromise. It gives more time to Greece to improve things but ultimately I think we will find ourselves in the same spot in a few months or in a year."

Excerpt from the Washington Post -- "If our leaders want to be statesmen rather than panderers, they need to do the same. Pledges to protect this or that group from all sacrifice are as counterproductive as pledges never to raise taxes. President Obama and Speaker Boehner should develop shared language to convey to the American people the severity of our problems and the need for all Americans to make some sacrifices."

Excerpt from Barron's -- "AQR Capital’s Andrea Frazzini and New York University’s Lasse H. Pedersen have a new paper on the subject of 'embedded leverage.' The term refers to options contracts or exchange-traded funds where leverage is built into the product."

Excerpt from Reuters -- "'We don't think twice about having the best surgeon or the best engineer or the best mathematician. Having the best central banker is not a bad idea,' said Kim Schoenholtz, director of the Center for Global Economy and Business at New York University, and a former chief economist at Citigroup."

Excerpt from the Washington Post -- "The book offers behind-the-scenes accounts of Volcker’s time at the Department of Treasury and the Federal Reserve. It also chronicles his resolve and independent thinking during times of crisis."

Excerpt from the Economist -- "The stockmarket is not as short-sighted as some people think. Amazon is not the only firm it has rewarded for taking the long view, notes Baruch Lev of New York University’s Stern School of Business."

Excerpt from The New York Times -- "'Out of the $8.8 billion, I’d be very surprised if more than a couple of billion was due to accounting improprieties,' said Aswath Damodaran, a professor of finance at New York University’s Stern School of Business."

Excerpt from The Huffington Post -- "Humans are better at focusing on the moderate, specific, localized devastation of a major earthquake than on the great but murky devastation that global warming will bring in the middle part of the 21st century."

Excerpt from Bloomberg BusinessWeek -- "William Baumol, 90, a professor of entrepreneurship at New York University’s Stern School of Business isn’t letting his age stop him from writing new books. His latest, published by Yale University Press, is The Cost Disease: Why Computers Get Cheaper and Healthcare Doesn’t (@NYUStern, 11/19)."

Excerpt from CNBC -- "'Until now, the recessionary fiscal drag has been concentrated in the euro zone periphery and the U.K.. But now it is permeating the euro zone’s core,' Roubini wrote."

Excerpt from Business Insider -- "Aswath Damodaran, the legendary NYU finance professor, has a knack for drawing excellent comparisons between current events and the markets. A month ago, he used investors’ expectations to demonstrate how investors were either Orioles or Yankees fans. In the aftermath of Hurricane Sandy, he now has some sound advice for dealing with unexpected, disruptive shocks in the market."

Excerpt from Project Syndicate -- "As consumers, firms, and investors become more cautious and risk-averse, the equity-market rally of the second half of 2012 has crested. And, given the seriousness of the downside risks to growth in advanced and emerging economies alike, the correction could be a bellwether of worse to come for the global economy and financial markets in 2013."

Excerpt from the Associated Press -- "There's also the famous analogy of Princeton economists William Baumol and William Bowen from the 1960s, that college teaching is akin to a string quartet. No matter how technology improves, a string quartet simply can't be performed (well) by fewer people than in Beethoven's day."