Experience Stern | News & Events

Excerpt from Business Insider -- "There is a moral component to this crisis and 'looting' is the key. George Akerlof and Paul Romer captured the component in the title of their famous 1993 article ('Looting: the Economic Underworld of Bankruptcy for Profit')."  Additional coverage appeared on MotherJones.com.

Excerpt from NPR: All Things Considered -- "Our long-term proposal is to reduce the extent of home ownership subsidies that we are providing, so wind down Fannie Mae and Freddie Mac in the long run, and second, remove the tax deductibility of mortgage interest rates so we are not distorting the system to over-borrow on houses." Additional coverage appeared on WBUR.org, WNYC and KOSU.org.

Excerpt from Australian Broadcasting Corporation -- "I think when this is all over and things get to be more normal again, we'll look back on it and say, 'Well, Bernanke didn't turn things around right away, but he prevented something much worse from happening.'"  Additional coverage appeared in Credit Writedowns.

Excerpt from Barron's -- "April Klein of the Stern School of Business at NYU, along with Seoyoung Kim and James Rosenthal, both of Emory University's Goizueta School of Business, tracked more than 1,600 reverse splits done from 1962 through 2001."

Excerpt from The Wall Street Journal -- "New York's billionaire mayor Michael Bloomberg disclosed earlier this year that he will declare no net capital gains on his 2010 tax return. Robert Gordon, who heads Twenty-First Securities, believes that, in part, is due to wise loss harvesting during the 2008 meltdown."

Excerpt from Miami Herald -- "'There are 100 ways to restore your self worth,' says Nathan Pettit, an assistant professor at NYU’s Stern School of Business."

Excerpt from The Australian -- "Economic guru Nouriel Roubini, predictor of the global financial crisis, says 'most advanced economies are on the brink of a double-dip recession' ... US Nobel laureate economist Michael Spence, visiting Australia, warns the world is facing a 'pretty tough decade.'"

Excerpt from International Herald Tribune -- ‘‘'In a crisis, spreads widen because no one wants to lend long term,’' said Mr. Acharya, who has studied the interbank market."

Excerpt from The Wall Street Journal blog -- "As Sidney Homer and Richard Sylla point out in their wonk classic 'A History of Interest Rates': During the years 1932-1936 business recovered substantially and commodity prices rose 35%."

Excerpt from Marketplace Radio -- "Longer run, if we don't get out from under the AA rating, we may have to pay a slightly higher interest rate, but it's not the end of the world."

Excerpt from The Washington Post -- "I don’t think there’s a solution to the employment problem in the short run."  Additional coverage appeared in India PR Wire, Asia Sentinel and BusinessFinance Magazine.

Excerpt from Economics Week -- "Financial risk management has generally focused on short-term risks rather than long-term risks, and arguably this was an important component of the recent financial crisis."

Excerpt from BBC -- " ... continued pursuance of present policy is threatening a double dip recession (Morgan Stanley, the Bank of England's Andy Haldane), a 1930s-style monetary collapse (Fed dissenter Richard Fisher), Eurozone breakup (Nouriel Roubini) and political mayhem (Jeff Sachs)."  Additional coverage appeared in The Telegraph, Seeking Alpha, Coffee House Spectator blog, FXStreet.com, Benzinga.com, Times Union blog, Motley Fool and BusinessWorld Online.

Excerpt from New York Post -- “In a difficult economic environment, consumers may pay 3D premiums for compelling entertainment but ignore others, for example, ‘Drive Angry 3D.'"

Excerpt from Detroit News -- "Amity Shlaes writes in 'The Forgotten Man,' Roosevelt denounced the 'economic royalists' for trashing the economy."  Additional coverage appeared in Town Hall and The Washington Examiner.

Excerpt from The Atlantic Wire -- "Richard Sylla, a professor at NYU, told the Times a case from the Justice Department would have, 'a major impact if there was a successful fraud case that would suggest there would be momentum for legislation that would force them to change their business model.'"

Excerpt from ContactMusic.com -- "Amir Malin of Qualia Capital told the New York Post in a difficult economic environment, consumers may pay 3D premiums for compelling entertainment but ignore others.'"

Excerpt from The Independent Review -- "The basic argument for bailing out large banks is that a single failure of such a firm can contaminate the whole financial system, which is a public good that the government must safeguard."  Additional coverage appeared in Heartlander.

Excerpt from CampaignAsia.com -- "In all, the study measured the online impacts of 87 magazine brands according to the quality and integration of their respective websites, digital marketing, social media and mobile presences." Additional coverage appeared on CampaignAsia.com.

Excerpt from The New York Times -- "Professor Sylla said that the ratings agencies could be forced to stop making their money off the entities they rate and instead charge investors who use the ratings. ... The ratings agencies lost a bit of ground on their First Amendment protections in the recent financial reform bill, which put the ratings firms on the same legal liability level as accounting firms, Professor White said." Additional coverage appeared on CNBC, Sacramento Bee, Herald T ribune, Gainsville.com and Seattle Times.

Excerpt from Times Live -- "The CDE report quotes the Treasury and internationally-renowned growth economist, Professor Paul Romer, who both argue that inequality is not the best measure of social inclusion."

Excerpt from The Australian -- "In Canberra today Nobel Laureate economist Professor Michael Spence will address the National Press Club on 'The Next Convergence: The Future of Economic Growth in a Multispeed World.'"  Additional coverage appeared in The Sydney Morning Herald.

Excerpt from The Huffington Post -- "Roubini reminded of the obvious: 'We destroyed our fiscal sustainability before [President Obama] came to power.'"  Additional coverage appeared in International Business Times.

Excerpt from Euromoney -- "In an August interview with Euromoney Ed Altman, Max Heine professor of finance at the Stern Business School at NYU, warns that all triple-A rated eurozone sovereigns could be downgraded before the crisis is over."

Excerpt from The New York Times -- "That said, weaning housing finance off the government cannot happen overnight. We liken this to the way one would treat a patient with a drug addiction. One would not double the dose (which is arguably what we have been doing), but neither would one go cold turkey. Existing subsidies would be honored. And to minimize the system-wide shock of closing Fannie and Freddie and removing government support, we envision a decade-long transition from where we are today to where we need to be."  Additional coverage appeared on Realtor.org.