Experience Stern | News & Events

Excerpt from Foreign Policy -- "Spence emphasizes further that because of the on-going restructuring of the global supply chain, 'the range of employment opportunities available in the tradable sector is declining, which is limiting choices for U.S. workers in the middle-income bracket.'"

Excerpt from McKinsey Quarterly -- "Michael Spence ... sees structural changes in the economy that present major challenges to job creation."

Excerpt from Fortune -- "Pusillanimous managers complain that they're forced to make these cuts by short-term oriented investors. But research by New York University's Baruch Lev and others shows that it isn't so."

Excerpt from Financial Times -- "Nouriel Roubini, also known as 'Dr Doom', predicts a downturn. 'A stopped clock', some will mutter. Yet he is surely right that the buffers have mostly gone: interest rates are low, fiscal deficits are huge and the eurozone is stressed."  Additional coverage appeared in Bloomberg, iStockAnalyst, CityWire and OnWallStreet.com.

Excerpt from Forbes.com -- "On Tuesday morning, Nouriel Roubini tweeted a very interesting interview with influential high tech pundit Jaron Lanier."

Excerpt from The Globe and Mail -- "I think tablets will be game changing, and will lead to a whole new generation of media that we haven't seen yet today."

"Nouriel Roubini, also known as 'Dr Doom', predicts a downturn. 'A stopped clock', some will mutter. Yet he is surely right that the buffers have mostly gone: interest rates are low, fiscal deficits are huge and the eurozone is stressed." Additional coverage in Bloomberg.

Excerpt from the Sun Herald -- "W. R. Berkley Corporation (NYSE: WRB) announced today that William R. Berkley, its chairman and chief executive officer, will present at the 2011 Keefe, Bruyette & Woods Insurance Conference being held in New York City."

Excerpt from Reuters -- "'The notion that workers won't pay more for healthcare is almost certainly lost,' said Professor Joseph Foudy of New York University's Stern School of Business."  Additional coverage appeared in NewsDaily and FierceTelecom.com.

Excerpt from The Scotsman -- "The remedy for the fears afflicting business and consumer confidence, he argues in a posting on his website, is the kind of regime change US economist Thomas Sargent identified 30 years ago."

Excerpt from TimesLive -- "'Too bad the government didn't do the same with TARP. Taxpayers got ripped off in comparison to the terms Buffett got,' Bernstein said." Additional coverage appeared in The Monterey County Herald.

Excerpt from ShellyPalmer -- "The FCC announced last week that it is throwing out the Fairness Doctrine along with 80 other rules it considers 'outdated and obsolete.'"

Excerpt from The Observer (Yeshiva University) -- "Positive changes have been made to the leadership team of YU's business school, with the appointment of a new director, Dr. Moses Pava, along with two new associate directors, Professor Michael Strauss, and Dr. Avi Giloni."

Excerpt from the Washington Square News -- "Geeta Menon has been at NYU for 21 years, having taught at the university as a professor of marketing. She now will replace Frederick Choi as the new undergraduate dean of the Stern School of Business."

Excerpt from Bloomberg -- "But let's question the premise behind the push. For although unions may be good for a worker, singular, they are not always good for workers, plural."

Excerpt from FinanceAsia -- “'Rather than buy and hold under-valued companies, which is what he used to do, he focuses on companies that have lost credibility and he sells them his credibility at a hefty price,' said NYU Stern finance professor Aswath Damodaran."

Excerpt from the San Francisco Chronicle -- "Only five economies -- Japan, South Korea, Taiwan, Hong Kong and Singapore -- have moved from middle-income nations to developed country status while maintaining relatively high growth rates, according to Nobel laureate Michael Spence."

Excerpt from Sun-Sentinel -- " ... many wealthy liberals are willing to pay more taxes. Examples include investment banker Eric Schoenberg, who said, 'I'm in favor of higher taxes on people like me.'"

Excerpt from Investment News -- "Aware of the difficulty of making money in the recent/current market storm, some managers have employed black-swan financial strategies — which attempt to protect against statistically possible but highly unlikely events."

Excerpt from Albawaba -- "The global economy has a 50-percent chance of slipping into recession as Europe and the United States struggle to grow, according to Nobel laureate Michael Spence." Additional coverage appeared in Business Standard.

Excerpt from Business Insider -- "The latter theories being underpinned by Paul Romer’s reflection on the fact that ideas are fundamentally non rival."

Excerpt from Moneylife -- "Aswath Damodaran is the undisputed guru of this difficult art of valuing companies, listed and unlisted."

Excerpt from Investment Weekly News -- "When we allow returns to be predictable and introduce wealth shocks calibrated to labor income, transaction costs are able to produce per-annum liquidity premia that are the same order of magnitude as the transaction cost spread."

Excerpt from CNBC -- "'The reality is that we are headed toward a recession and we are running out of policy bullets,' Roubini told CNBC in an interview."  Additional coverage appeared in Forbes, Livemint, OnWallStreet.com, Barron's, NASDAQ, Forex News Now, GulfNews and Forexdice.