Experience Stern | News & Events

Excerpt from The Washington Post -- "The entry of Craigslist produces a transformative shift in casual sex-seeking behavior,' Jason Chan and Anindya Ghose write in 'Internet's Dirty Secret: Assessing the Impact of Technology Shocks on the Outbreaks of Sexually Transmitted Diseases.'"

Excerpt from MSNBC -- "As the balance of power tilts even more toward the Kindle platform, book publishers will lose bargaining power, [Sundararajan] added, and eventually, as it gathers more market power, Amazon.com will be able to raise prices."

Excerpt from Project Syndicate -- " ... the recession on the euro zone’s periphery is deepening and moving to the core, namely France and Germany. Indeed, the recession will worsen throughout this year, for many reasons."

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."

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."

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 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.'"

Excerpt from The Times of London -- "David Yermack, a finance professor at New York's Stern School of Business, reckons that public companies go into a kind of purdah when their bosses are on holiday. News announcements drop by 40 per cent."  Additional coverage appeared in another Times of London piece.

Excerpt from Financial Times -- "'Japan had a Great Recession, and a Great Stagnation, but it never had a Great Depression,' [Roubini] says. 'But recession in some euro zone countries could become a depression, just like the 1930s.'"

Excerpt from The Huffington Post -- "Gomory, who is co-author of the book 'Global Trade and Conflicting National Interests,' pointed out: 'With unbalanced trade, we are consuming more than we produce and that cannot go on without us being poor and in debt to everyone else.'"