Experience Stern | News & Events

Excerpt from Bloomberg Businessweek -- "The world economy has a 50 percent chance of slipping into recession, Michael Spence, a professor at New York University’s Stern School of Business who won the Nobel Prize in economics in 2001, said in an Aug. 25 interview on Bloomberg Television."  Additional coverage appeared in Treasury & Risk.

Excerpt from Bloomberg -- "Fung last month founded the Fung Global Institute, a think tank with Nobel laureate Michael Spence overseeing its research agenda."

Excerpt from MSNBC -- "I would say we have to basically hammer home the message that we can't support the housing market without actually sometimes cleansing the housing book, We have to fix bankruptcies."

Excerpt from The New York Times -- "As economist Michael Spence has argued, nearly all of the job growth over the past 20 years has been in sectors where American workers don’t have to compete with workers overseas."  Additional coverage appeared on a CNN blog, The Economist, China Daily, Slate.com and Foreign Policy.

Excerpt from BBC -- "Mr Gray quotes American economist Professor Nouriel Roubini saying his approach was fiscal integration and not economic nationalism."

Excerpt from Mission Markets -- "Impact investing is a strategy where investments are made with the intention of creating environmental and social impacts in addition to some level of financial return."

Excerpt from Psychology Today -- "'Most people come to terms with their decisions, but a maximizer may continue looking at apartments even after signing a lease,' says Evan Polman, a visiting assistant professor at New York University."

Excerpt from The New York Times Economix blog -- "... in a new working paper, 'Too-Systemic-to-Fail: What Option Markets Imply About Sector-Wide Government Guarantees,' Bryan T. Kelly, Hanno Lustig and Stijn Van Nieuwerburgh compare the price of put options for the financial sector stock index relative to put options on individual banks' stocks."  Additional coverage appeared in Sarasota Herald-Tribune.

Excerpt from Financial Planning -- "'If you went to six different restaurants and ordered coq au vin, you'd get six slightly different variations of the recipe,' Gruber says. He believes it's the same with indexes."

Excerpt from Moneyweb -- "In my view, this double dip or recession will occur regardless of whether the Central Bank of the United States, etcetera tries to do more quantitative easing."  Additional coverage appeared on Moneyweb and The Citizen.

Excerpt from Sydney Morning Herald -- “The market is going to fizzle out when the real economy is going to go and tank. We’re entering a recession based on my numbers.”  Additional coverage appeared in New Zealand Herald, Business Insider and Vancouver Sun.

Excerpt from Computer Weekly News -- "We study a reliable facility location problem wherein some facilities are subject to failure from time to time."

Excerpt from Bloomberg TV -- "Roubini tells Brennan, 'we're going into a recession based on my numbers' and that the Federal Reserve and other authorities no longer have the ability to provide emergency support."  Additional coverage appeared in two Bloomberg pieces, three Bloomberg Businessweek pieces, AdvisorOne, Vancouver Sun, Courier-Journal and Portfolio.com.

Excerpt from CNBC -- "'The difference is whether the shock has a temporary liquidity impact versus an underlying credit impact. Nine-eleven didn’t necessarily go to the underlying credit-worthiness of the institutions,' says Silber, who chronicled the monetary crisis surrounding WWI in 'The Day Washington Shut Down Wall Street.'"

Excerpt from Fitness Magazine -- "Predict you will eat better and work out more next week and you probably will, according to a recent study in the Journal of Consumer Research."

Excerpt from ENP Newswire -- "The conference is organised under the Norwegian Finance Initiative (NFI), newly set up by NBIM to promote financial economic research and education in areas relevant to the long-term management of the fund."

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."