Experience Stern | News & Events

Excerpt from Bloomberg -- "'Guaranteed to Fail' by Viral V. Acharya, Matthew Richardson, Stijn Van Nieuwerburgh and Lawrence J. White (Princeton). Four professors at New York University’s Stern School of Business explain how Fannie Mae and Freddie Mac got so big and why we must fix them."

Excerpt from Bloomberg -- “The problem is exacerbated when Wall Street reacts and the stock moves too much,” said Susan Stehlik, a professor at New York University’s Stern School of Business. “That stock ticker can be as dramatic as an EKG or cholesterol test for some people.”  Additional coverage appeared in the San Francisco Chronicle.

Excerpt from Forbes.com -- "A few months back the folks at Dow Jones Indexes hosted a get-together to celebrate the Dow’s 115th anniversary, and one of the speakers was Professor Richard Sylla from NYU. Sylla discussed the Dow’s history, and featured a slide revealing just what came of the 12 original components selected by Charles Dow back in 1896."  Additional coverage appeared on Yahoo! News.

Excerpt from Bloomberg -- “If the M&F board decides to put up the ‘for sale’ sign, then it has to be guided by Revlon,” Roy Smith, a finance professor at New York University’s Stern School of Business, said in an e-mail message.

Excerpt from Nightly Business Report -- "Companies tend to do the reverse stock split because their prices are low. Why are their prices low? Because they`ve been having poor earnings. So, unless they can change things around dramatically, it`s not going to go back up."

Excerpt from The Huffington Post -- "Frances Milliken did a marvelous study comparing how those in power think and communicate differently from the rest of us. They're more optimistic, prepared to take bigger risks and think in more abstract terms. And the more cut off they become, the more certain they are that they are right."

Excerpt from the New York Daily News -- "The stock market will tank, which will damage everyone's portfolio and/or pension fund," White said. That's what happened when Congress initially failed to pass the TARP legislation in Oct. of 2008, White noted.  Additional coverage appeared on Zeit Online and PolitiFact.com.

The Harry Potter movies have been magic for Hollywood, raking in more than $6 billion at the box office as the final movie installment is released.

On The Daily Show, Prof. Matthew Richardson discusses Fannie Mae and Freddie Mac from Guaranteed to Fail, co-authored with Profs Viral Acharya, Stijn Van Nieuwerburgh and Lawrence White.

Excerpt from The New York Times -- "Priya Raghubir, a marketing professor at the Stern School of Business at New York University, praised Burrell’s choice of a bulldog as a 'mascot' for the RAV4. 'It’s extremely memorable, like the Budweiser Clydesdale horses in their Super Bowl ads,' she said."

Excerpt from Journal of Robotics & Machine Learning -- "We consider the problem of cooperatively minimizing the sum of convex functions, where the functions represent local objective functions of the agents."

Xavier Serbia Gabriela Frias and Luis Cabral interview, IESE Business School of Spain.

Excerpt from Bloomberg -- "In Smith’s view, the power of Dodd-Frank can already be seen in moves like Citigroup Inc. (C)’s decision to sell off lines of business such as its consumer-lending unit. New regulations governing different lines of business, in addition to the substantial increase in the amount of liquid capital banks must hold, are making it too expensive for financial institutions to stay at their current size, Smith said."

Excerpt from Investment Weekly News -- "With the launch of the Group, Credit Suisse's Asset Management division is forming a Systematic Trading Advisory Board. The Board will initially consist of Robert Engle, Nobel Prize in Economics 2003."

Excerpt from Politics & Government Week -- "Plumper and Troeger (2007) propose a three-step procedure for the estimation of a fixed effects (FE) model that, it is claimed, 'provides the most reliable estimates under a wide variety of specifications common to real world data.'"

Excerpt from Politics & Government Week -- "We study the policy choices of an incumbent politician when voters imperfectly observe aggregate spending and the incumbent's ability."

Excerpt from USA Today -- "Drops in solar cell prices and surging interest in developing nations led to a 32% increase in investments in renewable energy globally in 2010, a United Nations report finds."

Excerpt from Bloomberg -- "Scott Galloway, founder of L2 Think Tank and a professor at New York University, talks about Facebook Inc.'s plan to offer free video calls over its site through a partnership with Skype Technologies SA, and Facebook's competition with Google Inc.'s social networking site Google+."

Excerpt from CNBC -- "My prediction for the perfect storm is not this year or next year but 2013, because everybody is kicking the can down the road," he said in a live interview. "We now have a problem in the US after the election if we don't resolve our fiscal problems. China is overheating...eventually it's going to have a hard landing."

Excerpt from Information Technology Newsweekly -- "In this paper we show that selecting mutual funds using alpha computed from a fund's holdings and security betas produces better future alphas than selecting funds using alpha computed from a time-series regression on fund returns."

Excerpt from Fast Company -- "Aral's viral strategies are up to 10 times more effective than banner ads in converting users and around twice as effective as email advertising. He also writes that "notifications and invites also vastly outperform the ad campaign used in our recruitment phase on Facebook," meaning that, for this particular product, there was little need for a traditional banner ad campaign to generate an existing base of users."

Excerpt from Bloomberg -- “The people they’re hiring from central banks tend to have valuable understandings of monetary policies, currencies, what’s going on with regulation and have access to all sorts of important people,” said Roy Smith, a finance professor at New York University and former Goldman Sachs partner. “Goldman Sachs has taken a bashing in the crisis. It’s bound to be near the bottom or recovering now, as there’s nothing of substance to follow the charges. Governments recognize that to be the case.”

Excerpt from The Wall Street Journal -- "More competition is almost always a good thing," said Lawrence White, an economics professor at New York University. "What worries me is…this is going to be a politically driven entity."

In June, NYU Stern generated more than 900 media hits. Stern faculty were featured for their research and perspectives on a variety of subjects including the debt ceiling debate, cross-cultural marketing theory and online social sharing in prominent outlets such as the Associated Press, Bloomberg, Forbes and The Wall Street Journal. Additionally, in 45 op-eds, Stern faculty discussed the risk of a double-dip recession, the potential break-up of the Eurozone and the Fed’s policy of quantitative easing.

Excerpt from Financial Times -- "The muddle-through approach to the eurozone crisis has failed to resolve the fundamental problems of economic and competitiveness divergence within the union. If this continues the euro will move towards disorderly debt workouts, and eventually a break-up of the monetary union itself, as some of the weaker members crash out."