Experience Stern | News & Events

Excerpt from Agence France Presse -- "'The French banks, for example, will no longer buy Italian debt. They did it once, not twice,' warned Thomas Philippon, a professor at Stern School of Business (French to English translation)."  Additional coverage appeared in AWP Swiss News.

Excerpt from USA Today -- "Buy U.S. small-company stocks. These volatile and economically sensitive stocks will work well and outperform if the dreaded 'double dip' recession doesn't occur, Bernstein says." Additional coverage appeared in another USA Today piece, MSN Money and MoneyShow.com.

Excerpt from PRWeb -- “While European retail growth is off 2.3 percent year-on-year, the e-commerce channel is expected to grow at 12.2 percent annually.”

Excerpt from Reuters -- "What they’re struggling with both here and abroad is being able to differentiate between risk mitigation and risk taking. We will probably have a second-best solution that will decrease the amount of derivatives in the world, but maybe that’s the best we can do."

Excerpt from Harvard Business School's Working Knowledge blog -- "It remains unclear, for instance, whether William Baumol's neat distinction between productive and unproductive entrepreneurship is borne out by historical experience."

Excerpt from San Francisco Chronicle -- "A March 2010 study by Malcolm Baker, Brendan Bradley and Jeffrey Wurgler, published in the Jan./Feb. 2011 Financial Analysts Journal and entitled, 'Benchmarks as Limits to Arbitrage: Understanding the Low-Volatility Anomaly,' demonstrated that from Jan. 1968 to Dec. 2008 portfolios of low-risk stocks actually outperformed portfolios of high-risk stocks by a whopping margin. "

Excerpt from Bloomberg -- “The regulators should be accountable, and they should at least face some risk of disrepute in case of mistakes and oversights in the process." Additional coverage appeared in another Bloomberg piece and Bloomberg Businessweek.

Excerpt from The Wall Street Journal blog -- "Mr. Hong, along with economists Kingsley Fong, Marcin Kacperczyk and Jeffrey Kubik, looked to what happens to credit ratings when a company loses an analyst as a result of a brokerage merger."

Excerpt from HeraldNet.com -- "Philippon's research indicates that over the years our financial system has become less and less efficient."

Excerpt from Business Standard -- "The IAB would comprise of seven members, including the Sebi Chairman UK Sinha. The six outside members include Viral Acharya from New York University's Stern School of Business ... " Additional coverage appeared in Asia Pulse.

Excerpt from Financial Times blog -- "In a move that will get Nouriel Roubini’s blessing, Fitch Ratings has upgraded Indonesia’s long-term, foreign and local, currency issuer default ratings to investment grade (to ‘BBB-’ from ‘BB+’)."

Excerpt from The Huffington Post -- "The downgrades reflect 'balance sheet damage' emanating from the increased riskiness of European sovereign debt, but they would not result in any major economic repercussions, said Michael Spence."

Excerpt from Financial News -- "Financial News commentator Roy Smith first suggested the creation of eurobonds to refinance regional debt burdens a year ago."

Marking its ninth year, NYU Stern’s Citi Leadership & Ethics Program appointed Jeffrey Hollender, co-founder of Seventh Generation, one of the country’s leading providers of natural products, as its 2011-2012 Distinguished Citi Fellow in Leadership and Ethics.

Excerpt from Project-Syndicate -- "The outlook for the global economy in 2012 is clear, but it isn’t pretty: recession in Europe, anemic growth at best in the United States, and a sharp slowdown in China and in most emerging-market economies." Additional coverage appeared in The Wall Street Journal blog, Gulf News, Alarabiya and Slate.

Excerpt from Livemint -- "When a government spends, its citizens eventually pay, either today or tomorrow, either through explicit taxes or implicit ones like inflation and defaults on debts."

Excerpt from Xinhua -- "I think it's perfectly natural that Chinese growth is going to slow down. The more successful and developed a country becomes, the growth rate generally starts slowing down. We expect that to be a natural trend. That's a sign of success by the way, not of problems."

Excerpt from Insurance News Net -- "The extent and timing of an issuer's access to capital markets depends on both demand and supply side factors. On the demand side are the number, wealth, intelligence, liquidity-and risk-appetites, and confidence of investors, which affects market liquidity, as well as the attractiveness of opportunities to spend or invest their money elsewhere."

Excerpt from New York Post -- "FirstMark Capital, founded by managing director Lawrence Lenihan, announced the fundraising on its Web site yesterday."

Excerpt from Bloomberg -- "So it’s official. The New York Times, or at least columnist Paul Krugman, has declared us to be in a worldwide depression. And just in time for Christmas." Additional coverage appeared in San Francisco Chronicle, The Jakarta Globe, DelawareOnline.com and Press Democrat.

Excerpt from Xinhua -- "The economists emphasize that the European Central Bank needs to play a more aggressive role in the capitalization of EU banks."

Excerpt from PR.com -- "For someone interested in highly competitive, quantitative-focused MBA and MPA programs such as UT Austin McCombs, Wharton, Chicago Booth, NYU Stern, Stanford, Columbia, MIT Sloan, and Michigan Ross, comprehensive GMAT preparation courses may not provide the requisite focus."

Excerpt from Reuters -- "We have seen a growing interest on campus -- an interest on the company side and on the student side in the luxury & retail sector, media & entertainment, social enterprise to some extent as well as entrepreneurial tech start-ups."

Excerpt from Financial Times -- "The European banking sector also remains under pressure in large part owing to its exposure to European sovereign credit. A firewall is needed now to stabilise the markets, bring yields down, allow for sovereign refinancings, reduce stress in the banking sector and provide protection against likely future credit events."

Excerpt from GFS News -- "Viral Acharya, an economics professor at New York University, says ring-fencing requirements are not the priority tool for preventing another financial crisis and should be looked at as part of a group of rules."