Faculty News

An op-ed by Prof. Nouriel Roubini on Greece's debt restructuring

Financial Times logo
Excerpt from Financial Times -- "The reality is that most of the gains in good times – and until the PSI – were privatised while most of the losses have been now socialised. Taxpayers of Greece’s official creditors, not private bondholders, will end up paying for most of the losses deriving from Greece’s past, current and future insolvency."
Faculty News

Prof. Scott Galloway on L2's recent Digital IQ ranking of luxury jewelery and watch brands

Financial Times logo
Excerpt from Financial Times -- "From a distribution perspective, watch and jewelery brands have traditionally sold through third-party retailers that not only manage inventory but also the relationship with the end consumer. The shift to digital requires both a shift in operations to facilitate a direct-to-consumer selling channel and a much larger strategy for managing these relationships"
Faculty News

Prof. Sam Craig on “Subway Fresh Artists Filmmakers” being expanded to NYU ProMotion Pictures

Excerpt from Variety -- "'Today's content industry depends upon creative, business and technological excellence, and the opportunity for our students to combine forces has been truly inspiring for them and our faculty alike,' said Sam Craig, director of the entertainment, media and technology program at NYU's Stern School of Business."
Faculty News

An op-ed by Profs Thomas Cooley and Kim Schoenholtz on regulating money market funds

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Excerpt from Reuters blog -- "From the point of view of taxpayers, policy action to address the systemic threat is long overdue. Aside from the government-sponsored enterprises, the most glaring omission in the Dodd-Frank financial reform was the failure to address critical short-term markets such as those for money funds and repurchase agreements."
Faculty News

Prof. Kim Schoenholtz on Fed Chairman Ben Bernanke

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Excerpt from The Wall Street Journal -- "'His skills in communication in that environment are so extraordinary,' said NYU Stern School of Business professor Kim Schoenholtz. 'What we've seen under Chairman Bernanke is the willingness to explore a variety of mechanisms to communicate the Fed's goals.'"
Faculty News

Prof. Edward Altman on companies that fall into bankruptcy more than once

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Excerpt from Reuters -- "'There is too much emphasis on getting out, and getting on with business rather than whether it is going to work,' said Ed Altman, the Max L. Heine Professor of Finance at the Stern School of Business at New York University."
Faculty News

Prof. Eitan Muller on Apple's marketing strategy for the iPad3 release

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Excerpt from The Washington Post -- "'With the iPad, Apple is relying on the fact that they have a package to offer with the iPhone, iPod and laptop at home and all the content under that umbrella,' said Eitan Muller."
Faculty News

Prof. Lawrence White on NYC's plan to limit chain store growth

Excerpt from The Epoch Times -- "'New York City has a long history of trying to encourage locally based smaller retailers and trying to discourage larger chains' retailers headquartered somewhere else,' said Lawrence J. White, professor of economics at NYU, mentioning the that the city has yet to have a Walmart and only recently opened a Target."
Faculty News

Prof. Lawrence White on how the state of the economy can affect Obama's re-election chances

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Excerpt from CNBC -- " ... if job creation continues at the 12-month average of some 142,000, more than 1.1 million jobs will be added by Election Day. 'He’s lucky that the recovery has taken so long, coming now rather than a year ago,' says White."
Faculty News

An op-ed by Prof. Roy Smith on Bank of America

Financial News logo
Excerpt from Financial News -- "If Bank of America should stumble again, and the FSOC had done nothing to prevent it, the political, as well as the economic, fallout could be devastating."
Faculty News

Prof. Arun Sundararajan on the rise in use of cloud computing

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Excerpt from Crain's New York Business -- "'Cloud computing is increasingly used for things it wasn't used for before,' said Arun Sundararajan, a professor at New York University's Stern School of Business. He cited personal music collections that are now kept in Apple's cloud, and the use of the Web for everything from social networking to finding babysitters."
Faculty News

Prof. Hal Hershfield's research on saving for retirement is highlighted

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Excerpt from TIME -- " ... Ersner-Hershfield [have] come up with an imaginative way, by taking pictures of subjects and running them through software that adds 30 years to their age. People who see the self of tomorrow and then participate in a simulated 401(k) exercise put away more money than those who haven't gotten a glimpse of the person who awaits them three decades hence."
Faculty News

Prof. Joseph Foudy on the US manufacturing industry

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Excerpt from The Wall Street Journal Japan -- "Mr. Foudy ironically, currently, China also have the same problem. Both in the U.S., even if it has a bachelor's degree, many low-skill workers, fewer personnel he experienced moderate skill and technical knowledge. Company would have no choice but to increase the investment in vocational education and training. In any case, the story of the long-term in the span 10 to 20 years (Translated from Japanese) ."
Faculty News

Research by Prof. Thomas Philippon finds the finance is industry inefficient

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Excerpt from The Huffington Post -- "Philippon's conclusion -- based on an analysis of the financial sector's output in recent decades, as well as what its workers have been collecting in profits and wages -- is that high finance is highly inefficient."
Faculty News

Prof. Scott Galloway says publishers must embrace Facebook

Excerpt from Women's Wear Daily -- "Galloway said publishers should be spending more with Facebook because it’s the least expensive way to target a young, affluent audience."
Faculty News

Prof. Arun Sundararajan on Google's privacy changes

Excerpt from InformationWeek -- "I see it as a move where Google is reducing its own risk. But I'd like to see them be more forthright in spelling out what they will and won't do with customer data."
Faculty News

Nobel Laureate Prof. Michael Spence on the rise of service jobs

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Excerpt from The Atlantic -- "Health care and government alone accounted for 40 percent of that growth, according to economist Michael Spence."
Faculty News

An interview with Prof. Baruch Lev on his new book, "Winning Investors Over"

Excerpt from IR Update -- "Over the years, listening to corporate executives and observing what they do, I have concluded that many are captive to a web of misperceptions about the workings of capital markets."
Faculty News

Prof. Vicki Morwitz on retail pricing tricks

Excerpt from SmartMoney -- "'A high-end restaurant will charge $32 for a steak because it makes it seem more luxurious than a steak for $31.99,' [Morwitz] says."
Faculty News

Prof. Jonathan Haidt is featured for his book, "The Righteous Mind"

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Excerpt from NPR -- "In 'The Righteous Mind,' Jonathan Haidt ... a moral perspective, he argues, is a feature of our evolutionary design. Morality has made it possible for human beings — unlike any other creatures — to forge large, cohesive, cooperative groups."
Faculty News

Prof. Xavier Gabaix on Wall Street bonuses

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Excerpt from MarketWatch -- "'Those numbers are just cash bonuses, but you don’t have the full compensation,' said Xavier Gabaix ... 'The comptroller should absolutely report deferred compensation. Otherwise, it’s hard to interpret the results.'"
Faculty News

Prof. Thomas Philippon's research on finance's share of GDP is cited

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Excerpt from Reuters blog -- "Thomas Philippon, a professor at New York University, has shown that the share of U.S. national income dedicated to finance has fallen only slightly since the crisis, when it was at its highest since records began in 1865."
Faculty News

Prof. Paul Romer is highlighted for first proposing the concept of meta-ideas

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Excerpt from WIRED -- "The secret, it turns out, is the presence of particular meta-ideas, which support the spread of other ideas. First proposed by economist Paul Romer, meta-ideas include concepts like the patent system, public libraries, and universal education."
Faculty News

Prof. Nouriel Roubini on global economic risk

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Excerpt from BBC blog -- "Nouriel Roubini thinks the oil price spike out of the Arab revolts could push the world economy into stagflation. There is also the risk that currency war breaks out into open trade war."

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