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Stern in the News: April 2011

In April, NYU Stern generated more than 450 media hits. Stern faculty were featured for their research and perspectives on a variety of subjects including pricing psychology, methods of creative thinking, CEO compensation and the relationship between blogging and productivity in a number of prominent outlets such as the BBC, The Economist, The New York Times and The Wall Street Journal. Additionally, in 33 op-eds, Stern faculty discussed the sustainability of China’s economy, Kate Middleton’s fashion influence, one percent tax rates for the rich and survival lessons for CEOs.

Please continue reading for news highlights from April 2011.

Faculty Research & Accolades

The New York Review of Books: “The Wall Street Leviathan”
April 28, 2011

Professors Viral Acharya, Thomas Cooley, Matthew Richardson and Ingo Walter’s co-edited book, Regulating Wall Street, was reviewed. Professor Acharya discussed the book in an exclusive interview with International Affairs Forum.

Seeking Alpha: “Book Review: ‘The Little Book of Valuation’”
April 28, 2011

Professor Aswath Damodaran’s book, The Little Book of Valuation, was reviewed. Data collected by Professor Damodaran was used to estimate US equity risk premiums on iStockAnalyst.com. His research on companies’ effective income tax rates was highlighted in CFO Magazine, and his research showing that stocks with low price-to-earnings multiples outperform stocks with high P/E was referenced in two Motley Fool pieces.

CBS MoneyWatch: “Spend Less Money: Three New Behavioral Tricks”
April 27, 2011

Professor Priya Raghubir’s research, showing people tend to spend less when using cash versus credit, was highlighted.

Investors Chronicle: “Why Uncertainty Matters”
April 27, 2011

Professor Menachem Brenner’s research, showing that uncertainty is associated with reduced levels of overconfidence, was referenced.

Travel Agent Central: “Delta, Southwest, AA, W Hotels and Hilton in Top Spots"     
April 26, 2011

An index developed by Professor Scott Galloway, which measures the digital competence of travel brands, was featured.

TechCrunch.com: “Higher Education’s Toughest Test”
April 24, 2011

Nobel Laureate Professor Michael Spence was highlighted for receiving the 2001 Nobel Prize in Economics. His economic concept of “signaling,” using tactics to purposefully convey information about yourself to others, was featured on The Baker Orange.

The Times of India: “Kris, Kamath Top Contenders for Infosys Chairman Post”
April 21, 2011

Professor Marti Subrahmanyam was highlighted as a member of Infosys Technologies’s board of directors.

The Wall Street Journal: “The Daily Docket: Bondholders Seek to Move Vitro Chapter 15”
April 21, 2011

The Z-score, developed by Professor Edward Altman to measure the probability of bankruptcy, was used to determine the 20 retailers with the highest bankruptcy risk, with additional pick-up on TheStreet.com. The metric was also used to predict the probability of bankruptcy for Barnes and Noble on TheStreet.com.

The Jakarta Post: “Green Palm Oil and Indonesia Inc. 2015”
April 19, 2011

Professor Adam Brandenburger’s book, Co-opetition, was referenced.

Science Letter: “Forecasting Science; Reports From New York University Describe Recent Advances in Forecasting Science”
April 19, 2011

Post Doctoral Research Fellow Christian Brownlees was cited for his research on the use of shrinkage type estimation for the parameters of deterministic components.

TheStreet.com: “Citigroup's Reverse Split Is Bad for Investors”
April 18, 2011

Professor April Klein’s research on the market performance of reverse stock splits was referenced.

The Huffington Post: “A Simple Trick to Boost Your Creativity”
April 16, 2011

Professor Evan Polman’s research on how to improve creative thinking was featured. His research on the effect of anger on decision making was also featured in Politics & Government Week.

Investment Weekly News: “Financial Economics; Studies from New York University Provide New Data on Financial Economics”
April 16, 2011

Professor Robert Whitelaw’s research investigating the significance of extreme positive returns in the cross-sectional pricing of stocks was featured.

Bloomberg: “Top Business Books, From ‘Civilization’ to ‘Ugly Beauty’”
April 15, 2011

Professors Viral Acharya, Matthew Richardson, Stijn Van Nieuwerburgh and Lawrence White's new book, Guaranteed to Fail, was highlighted as one of the top business books of the year. The book was also featured in Barron’s and Investment Weekly News. Professor White discussed the book in interviews on Businessmatters.net, Marketplace Radio and Market Wrap with Moe.

The Economist: “On Cyprus, Intervention, Political Dynasties, the State, Companies as People”
April 14, 2011

Professor William Baumol’s theory, “Baumol’s cost disease,” was featured in a commentary on the growing costs of health care and pensions. His book, Good Capitalism, Bad Capitalism, was referenced on World Politics Review

The New York Times: “For US Workers, Global Capitalism Fails to Deliver”
April 14, 2011

Nobel Laureate Professor Michael Spence and Research Assistant Sandile Hlatshwayo’s research on US job growth was featured, with additional pick-up on Bloomberg, Bloomberg Businessweek, Business Report, The Economist, DailyKos.com, Reuters and eight other outlets.

Washington Square News: “Study Shows Blogging May Increase Productivity at Work”
April 14, 2011

Professor Anindya Ghose’s research, showing that blogging can lead to increased workplace productivity, was featured.

The Huffington Post: “A Research Agenda for Solving America's Trade Crisis”
April 12, 2011

Professors William Baumol and Ralph Gomory’s research on multiple-equilibrium trade theory was featured.

Forbes.com: “Another Argument for Network Neutrality”
April 11, 2011

A paper by Professor Nicholas Economides on the economics of network neutrality was featured in the Technobabble blog, with additional pick-up on YubaNet.com. His nomination for a Gabby Award in education was highlighted in Greek Reporter.

Slate.com: “The Fight That Just Won’t Die”
April 10, 2011

Professor Amity Shlaes’s book, The Forgotten Man, was featured, with additional pick-up by four other outlets. She participated in the development of a blueprint for accelerated US economic growth at a George W. Bush Institute conference in April, reported CNBC.com, with additional pick-up on Yahoo! Finance and four other outlets. She was also cited as an economic historian who would add value to the RNC-sponsored 2012 presidential nominee debates in the Washington Examiner

CNNMoney.com: “What You Need to Know About Active Fund Managers”
April 8, 2011

Professor Antti Petajisto’s research, finding that truly actively managed funds outperform those managed funds that adhere to a benchmark index, was highlighted, with additional pick-up in the Financial Times.

NewsBusters.org: “Corporate Spending on Perks ‘Egregious’? What About the Feds?”
April 7, 2011                          

Professor Xavier Gabaix’s research, which attributes the increase of CEO compensation to market capitalization, was highlighted.

BBC: “Royal Roundup: Palace Sends Etiquette Guide to Wedding Guests”
April 9, 2011

Professor David Yermack’s commentary on Kate Middleton's style influence, in relation to his research on the financial impact of Michelle Obama’s fashion choices, was featured, with additional pick-up in the Financial Times and El Cronista Comercial

Jamaica Gleaner: “Is Jamaica Poised for Recovery?”
April 3, 2011

Dean Peter Henry’s research on the economies of Barbados and Jamaica was highlighted.

Financial Times Magazine: “Is It Time to Outsource Cities?”
April 2, 2011

Professor Paul Romer was featured for his charter city theory. His research on accounting fraud was cited on Benzinga.com and Ritholtz.com.

The Atlantic: “Why Experts Get It Wrong”
April 1, 2011

Professor Amitav Chakravarti’s research on the pitfalls of buying into expert opinion was cited.

Financial Express: “The Secret of Government Banks”
April 1, 2011

Professor Viral Acharya’s research comparing the risk levels of several Indian banks was referenced. His paper on state ownership and systemic risk was also cited in the article.

Financial Times: “Hedging Exchange Rate Risk: A Tempting Option”
April 1, 2011

Professor Richard Levich’s paper, which compared investment styles and returns for managed currency fund returns, was referenced.

Psychology Today: “When You’re Having Fun”
March/April 2011

Professors Priya Raghubir, Vicki Morwitz and Amitav Chakravarti’s research on time perception, finding that a journey to a destination seems longer than the journey home, was referenced.

Faculty Speaking Engagements

Associated Press: “Metro New York – Day Schedule”
April 20, 2011

Professors Viral Acharya, Matthew Richardson and Lawrence White’s discussion of their new book, Guaranteed to Fail, co-authored with Professor Stijn Van Nieuwerburgh, at NYU Stern on April 20, was featured.

The Times: “Business: The Week Ahead”
April 14, 2011

Professor Nouriel Roubini spoke at the European Association for Investors in Non-listed Real Estate Funds in April. He also spoke at the Milken Institute Global Conference on May 1-4, as referenced in RealClearPolitics.com.

WallStreetPit.com: “How Has the Financial System Changed? (And What to Do About It)”
April 13, 2011

Professor Viral Acharya was highlighted for his presentation at the Atlanta Fed’s annual Financial Markets Conference on April 5, in which he argued that greater capital buffers would help stabilize the financial system.

American Banking News: “Frontiers of Research”
April 9, 2011

Professor Vicki Morwitz was referenced as a speaker at TRC’s market research conference, Frontiers of Research, on May 3, with additional pick-up at Redorbit.com

CNBC.com 
April 6, 2011

Professor Richard Sylla participated in a panel discussion on Alexander Hamilton on April 7 at the Museum of American Finance, with additional pick-up on Morningstar.com and two other outlets.

Stern's Programs & Community

FrumForum.com: “Market Won’t Indulge GOP Debt Threats”
April 29, 2011

Vice Chairman of NYU's Board of Trustees and Vice Chairman of the NYU Stern Board of Overseers Kenneth Langone (MBA '60) was cited for his views on US budget reform.

Bloomberg: “Best Job Market for US Grads Since 2008 Bears Multiple Offers”
April 28, 2011

Undergraduate student Danielle Even commented on the ease of her job search. NYU Stern was also featured for its culture of peer support during the job search process on Veritas Prep.

PRLog: “Local Bigwig Partnered With NYU Stern EEX to Define the Biggest Opportunities Ahead for the Company”
April 28, 2011

The NYU Stern student club Entrepreneurs’ Exchange (EEX) was highlighted for its consulting work with Local Bigwig, analyzing the company’s growth potential in the extended stay home rental market.

The Washington Post: “It’s Time to Require Students to Do Good”
April 28, 2011

Dean Peter Henry’s support for NYU Stern’s social impact initiatives was highlighted.

Xconomy.com: “NYU-Poly Varick Street Incubator Taps Into Student Talent and Helps Startups Grow Up”
April 27, 2011

NYU Stern was highlighted for participating in NYU-Poly’s startup incubator.  

Crain’s New York Business: “Number of Military Veterans Swells at NYC Universities”
April 24, 2011

Director of MBA Admissions Alison Goggin commented on NYU Stern’s new veterans scholarship program for MBA students.

Bloomberg Businessweek: “For Part-time MBAs, a Full Size ROI”
April 21, 2011

A photo of part-time MBA students at NYU Stern was featured in a trend piece on the ROI of a part-time MBA degree.

Insurance News Net: “Top Execs on Conference Panel Discuss Pressure Caused by Soft Commercial Market”
April 18, 2011

Vice Chairman of NYU Trustees and Chairman of the NYU Stern Board of Overseers William Berkley (BS '66) joined a panel of insurance executives to discuss the pressures of a soft commercial market. He was featured for his ongoing support of NYU in Observer Philanthropy.

Poets & Quants: “When MBAs Get Downright Silly”
April 18, 2011

The NYU Stern follies, an annual spoof on business school culture, were featured, with additional pick-up on Dealbreaker.com.

Bradenton Herald: “Noted Global Peace Leader Sri Sri Ravi Shankar Tours US”
April 16, 2011

NYU Trustee, member of the NYU Stern Board of Overseers and Executive-in-Residence Chandrika Tandon was highlighted for her performance at I Meditate NY’s launch event at Lincoln Center on April 10.

Gulf Coast Business Review: “Tower Time”
April 15, 2011

Member of the NYU Stern Board of Overseers Ronald Blaylock (MBA '89) praised David Grain, head of Sarasota-based Grain Management, for his business acumen.

Variety: “Tailoring Tomorrow’s ‘Suits’”
April 14, 2011

Professor Al Lieberman was featured as the “Media Mentor of the Year” in a multi-story feature on NYU Stern’s Entertainment, Media and Technology Program. The feature also highlighted Professor Lieberman and Professor Samuel Craig’s work on ProMotion Pictures, a program developed by alumni Jeffrey Grossman (MBA '04) and Russ Axelrod (MBA '05) as a collaboration between NYU Stern and Tisch Kanbar, and comments from Dean Peter Henry and MBA/MFA students Heather Jack, Claire Harlam and Ryan Heller. Additional coverage of Professor Lieberman appeared on NYConvergence.com.  

NYConvergence.com: “Peretti Talks Secrets of Viral Marketing at NYU Today”
April 13, 2011

The NYU Stern student club Technology and New Media Group (TANG) was highlighted for co-hosting The Hidden Secrets of Social Media and Viral Advertising on April 13.

Clean Energy Report: “Bipartisan Plan for ‘Green’ Bank Appears Sidelined by Partisan Sniping”
April 11, 2011

NYU Stern was highlighted for co-hosting an upcoming conference in fall 2011 with the Coalition for Green Capital on the concept of a federal “green capital bank,” with additional pick-up in Energy Washington Week. NYU Stern was also featured in Entrepreneur as a top MBA program for students seeking an education in "green business.”

Financial Times: “Trains, Planes and EMBAs”
April 11, 2011

The TRIUM Global Executive MBA program, a joint program with NYU Stern, London School of Economics and HEC Paris, was featured, with additional pick-up in Le Point and The Times. The program was featured as one of the most innovative global MBA programs in Poets & Quants. Associate Dean of Executive Education Jaki Sitterle commented on the program in ACCION.

Politico.com: “Klain to Join Centrist Third Way”
April 11, 2011

NYU Trustee and Vice Chairman of the NYU Stern Board of Overseers John Vogelstein (Parent '98) was highlighted for his role as chairman of Third Way’s board of trustees.

Seeking Alpha: “D.E. Shaw's Favorite Long-term Stock Picks”
April 11, 2011

Member of the NYU Stern Board of Overseers Paul Tanico (BS ’77) was referenced for his hedge fund, Castlerock’s, investment in WCRX.

TopMBA: “US Institutions Top in Business School Research Ranking”
April 11, 2011

Vice Dean of Faculty and Professor Ingo Walter commented that US schools lead the world in research investments but non-US schools are catching up.

GeekWire.com: “Seattle Teens Behind ‘The Grim Tweeper’ App Dream of Making It Big…in Silicon Valley”
April 10, 2011

Undergraduate student Ajay Mehta was featured for creating a Twitter application, The Grim Tweeper, which allows users to excise unwanted contacts.

Korea Times: “MBALife: HKUST Business School”
April 10, 2011

NYU Stern was highlighted as a destination for the HKUST Business School’s four-month exchange program.

Bejing Review: “Investing in a Greener Tomorrow”
April 8, 2011

NYU Stern was highlighted for co-hosting the New Ventures Global Investor Forum, “Green Opportunities in Tomorrow’s Markets,” on April 6.

Bloomberg: “Henry Kaufman Says US Debt Limit Will Be Extended”
April 8, 2011

NYU Life Trustee and Chairman Emeritus of the NYU Stern Board of Overseers Henry Kaufman (PhD ’58) discussed the likelihood that the US debt ceiling would be raised, with additional pick-up in the Washington Post and four other outlets. His views on the future of credit, civility on Wall Street and large financial institutions were featured in Economic Policy Journal, a Financial Times video and three other outlets. His participation in an Economic Club of New York event was referenced on NASDAQ.

Financial Times: “Spring Break Adventures”
April 7, 2011

MBA student Chloe Weisberg wrote about her travels through South Africa on an NYU Stern spring break trek on the MBA blog.

The Independent: “The Challenges of Tomorrow’s World Today”
April 7, 2011

NYU Stern was highlighted as one of three schools that participated in the inaugural Aspen Institute Business & Society International MBA Case Competition in 2002.

New York Daily News: “Develop, Design & Pitch”
April 6, 2011

NYU Stern hosted a “Develop, Design & Pitch” series on April 11.

The Village Voice: “Sustainable MBA Programs Look To Provide Entrepreneurial Solutions to the World's Social Woes”
April 6, 2011

Vice Dean of MBA Programs and Professor Kim Corfman, Professor Jill Kickul and MBA students Jennifer Tsai and Matthew Edmundson were featured in a trend story about MBA programs in social entrepreneurship.

vadvert.co.uk: “Orange Launches International Airtime Hub, an Innovative Airtime Transfer Service for Its Mobile Operators Customers”
April 5, 2011

Member of the NYU Stern Executive Board Alexandre Pèbereau (MBA ’91) commented on the airtime transfer service International Airtime Hub.

Entrepreneur: “Friending Facebook to Connect With New Customers”
April 4, 2011

NYU Stern Business Plan Competition winner Chris Mirabile (BS ’06) was featured for his social networking site, Hotlist, which he developed with Jamie Briones (BS ’06).

NYConvergence.com: “NYU CrowdPitch: Yoga, Space, Framing and Golf Startups”
April 4, 2011

NYU Stern was highlighted for hosting the NYU CrowdPitch event, in which five start-ups had four minutes to present their ideas to an audience.

Reuters: “Windstar Cruises Parent Files Bankruptcy, Plans Sale”
April 1, 2011

Member of the NYU Stern Executive Board Shelley Greenhaus (MBA ’78) commented on Whippoorwill Associates, Inc.’s acquisition of Windstar Cruises, with additional pick-up by CNBC.com and three other outlets.

Expert Commentary from Faculty

CBS MoneyWatch: “Pricing Psychology: 7 Sneaky Retail Tricks”
April 29, 2011

Professor Vicki Morwitz described how retailers entice customers through pricing psychology to spend more than they normally would.

The Australian: “Lessons in Global Reform: The US and Europe are Leading in Post-crisis Regulation”
April 28, 2011

In an op-ed, Professor Stephen Brown argued that Australia’s regulatory response to the housing crisis falls short of the international benchmarks set by the US and the EU. He commented on stock exchange takeovers in Australian Financial Review.

Reuters: “Special Report: Does Corporate America Kowtow to China?”
April 27, 2011

Professor Ralph Gomory argued that US multinationals in China are seeking short-term profits without considering long-term harm to the US economy. His comments were picked up on CNBC, Chicago Tribune, Dow Jones Wealth Chinese, MarketWatch.com and eight other outlets.

Financial Times: “EM Central Banks are Doing Fed’s Dirty Work”
April 26, 2011

In an op-ed, member of the NYU Stern Executive Board and Professor Richard Bernstein (MBA '87) argued that monetary policies in emerging markets will help curb US inflation. His positive outlook on the US economy was featured on CNBC, The New York Times, USA Today and two other outlets. His comments on the rise in US house sales were cited in the NZ Herald and Reuters.

Bloomberg: “School Kids in Handcuffs Reveal Teacher Bondage”
April 25, 2011

In an op-ed, Professor Amity Shlaes commented on recent education scandals, with additional pick-up in Bloomberg Businessweek and four other outlets. In three other Bloomberg op-eds, she wrote about tax reform proposals, the US budget crisis and the correlation between rainfall levels and democracy, with additional pick-up in seven other outlets. She commented on the legacy of President Calvin Coolidge on Marketplace Radio and on technologies available to terrorists in The Orange County Register. Her advice on how the US can help Japan was cited by a columnist in Forbes, and she was recently highlighted as one of Bloomberg’s commentary writers on Bloomberg and The Huffington Post.

The Huffington Post: “How I Paid Only 1% of My Income in Federal Income Tax”
April 25, 2011

In an op-ed, Professor Eric Schoenberg wrote about low tax rates for wealthy Americans. His call for higher taxes on the rich was cited by ABC News, Associated Press, Boston Globe, CNBC, MSNBC, Yahoo! News and 14 other outlets.

The New York Times: “The Big Board Tunes Out Its Own Rules”
April 25, 2011

Professor John Biggs commented on corporate governance issues surrounding the NYSE Euronext board on the Dealbook blog.

The Takeaway: “Japan Auto Industry Hit Hard by Quake”
April 25, 2011

Professor Edward Lincoln gave an exclusive radio interview on the outlook for the Japanese auto industry after it released poor production figures.

Marketplace Radio: “Mastering the Art of Sucking Up”
April 22, 2011

Professor Batia Wiesenfeld commented on the importance of studying social networking and leadership in business school.

The Wall Street Journal: “Some CEO Survival Lessons From the Scandal at Renault”
April 22, 2011

Professor Joseph Porac remarked on Renault CEO Carlos Ghosn's credibility after his recent company scandal.

Daily Star: “In the Global Economy, a Good Cause Is Worth Some Inefficiency”
April 21, 2011

Nobel Laureate Professor Michael Spence and Research Assistant Sandile Hlatshwayo’s Project-Syndicate op-ed on the rising importance of emerging market economies, and their impact on the US “tradable” labor sector, was picked up. Professor Spence commented on the continuation of high unemployment figures on Bloomberg, with additional pick-up in Bloomberg Businessweek, Business Report and SouthCoastToday.com

Fortune: “Where’s the Wealth Effect?"
April 21, 2011

Professor David Backus argued that a rise in asset prices might not lead to a rise in consumer spending as it has in the past. 

Bloomberg TV: “NYU's Galloway Interview About Apple, Facebook”
April 20, 2011

Professor Scott Galloway discussed the success of Apple Inc. and the power of Facebook in an interview that was also picked up by The Washington Post.

CNBC: “The Next Crisis”
April 19, 2011

In an interview, Professor Thomas Cooley highlighted some strengths and weaknesses of the Dodd-Frank Act.

CNBC: “S&P Cuts US Debt Outlook”
April 19, 2011

Professor Eric Dinallo discussed US debt and the financial crisis in three CNBC segments that he co-hosted.

Financial Times: “Greece Must Meet Its Restructuring Fate”
April 19, 2011

In an op-ed, Professors Nicholas Economides and Roy Smith argued that Greece’s economy cannot recover unless its debt is restructured, and they recommended the use of “Brady bonds” to reduce the country's debt load.

The Wall Street Journal: “Shorts at Tribeca Film Festival: A User’s Guide”
April 19, 2011

Professor Sharon Badal, head of short film programming at the Tribeca Film Festival, commented on the shorts selected for the festival in the Speakeasy blog.

efinancialnews.com: “Reshaping the Banks Has Only Just Begun”
April 18, 2011

In an op-ed, Professor Roy Smith discussed the reshaping of the banking industry since the 1960s. His defense of Berkshire Hathaway’s corporate governance was featured in Bloomberg Businessweek. He commented on Deutsche Bank’s sale of poor quality assets on Bloomberg and Bloomberg Businessweek. He commented on the exodus of proprietary traders in Advanced Trading.

The Huffington Post: “New Fine Art Fund in the Making”
April 18, 2011

Professor Michael Moses commented on the difficulty of launching a fine arts hedge fund.

Livemint.com: "Too Much Transparency"
April 14, 2011

In a co-authored op-ed, Professor Arun Sundararajan discussed the high level of transparency and release of personal information made possible by the Internet.

PBS Nightly Business Report: “Analysis of the Financial Crisis Report”
April 14, 2011

Professor Richard Sylla asserted that Fed policymakers are keeping a close watch on inflation. On Fox Business, he commented on the last floor traders in an age of electronic trading. He recounted the accomplishments of Alexander Hamilton in The Epoch Times.

Project-Syndicate.org:China’s Bad Growth Bet”
April 14, 2011

In an op-ed, Professor Nouriel Roubini argued that China’s overheated economy is poised for a sharp slowdown, with additional pick-up on Aljazeera.net, Bloomberg, The Economist blog, Slate.com, a Wall Street Journal blog and seven other outlets. In an op-ed for Foreign Affairs, he argued that America is no longer the leader of the G-20, and that we are living in a leaderless, “G-Zero” era. His thoughts on the anemic US recovery, the decline of the dollar and his positive outlook on fiscal debts were featured on Bloomberg TV, CNBC, MarketWatch.com, The Washington Post, TheStreet.com, Yahoo! Finance and four other outlets. His additional comments on the sustainability of China’s growth were picked up in a Financial Times blog, a Wall Street Journal blog and seven other outlets. His comments on the Eurozone crisis, citing Spain’s risky financial situation and Greece and Ireland’s significant debt obligations, were picked up in three Bloomberg pieces, CNBC, Daily Mail, Forbes.com blog, The Guardian, The Independent, Spiegel Online, The Telegraph, The Wall Street Journal and 24 other outlets. He also commented on defaults in the municipal bond markets, the rise of oil prices, the gradual rise of gold prices and Turkey’s economic growth in 20 additional outlets.

Financial Times: “How to Jump-start an Arab Economic Miracle”
April 13, 2011

In an op-ed, Professor Daniel Altman discussed how new Arab governments can improve the region’s economy, with additional pick-up on Zawya.com. He also participated in a discussion on the future of the US dollar, which was summarized in two pieces on BigThink.com.

Advisor.ca: “Canada’s Bank System Good, But No Role Model”
April 12, 2011

Professor Matthew Richardson commented that the Canadian banking system may have escaped the global financial crisis, but it was not immune to a systemic shock.

Forbes.com: “Harry & David’s Bankruptcy, Downturn or Wall Street?”
April 12, 2011

Professor Joel Rubinson attributed the bankruptcy of Harry & David’s to a shift in American values away from over-consumption on the RetailWire: Plugged In blog.

CNNMoney.com: “SEC May Ease Private Stock Rules”
April 8, 2011

Professor Lawrence Lenihan called for easing the SEC’s securities rules, particularly for small, high-growth companies, with additional pick-up in the New York Post. He explained his investment in SecondMarket Holdings on Bloomberg.

The Wall Street Journal: “Europe’s Rates Rise Signals End of Cheap Money Era”
April 8, 2011

Professor Kim Schoenholtz commented on the European Central Bank’s decision to raise interest rates during a fragile recovery.

Business Traveller Middle East: “Tele-Miscommunications. Say What?”
April 7, 2011

Professor Justin Kruger commented on the risks of miscommunication over email.

The Economist: “Peggy Sue Got Old”
April 7, 2011

Professor David Poltrack’s announcement of an alternative way for the media to classify viewers based on tastes and attitudes to media, instead of age, was highlighted, with additional pick-up in Big Hollywood, Jewish Journal and National Ledger.

Reuters: “NYU Stern Professors Available for Comment on Epsilon Data Breach and Argue That Data Governance Is the Next C-suite Reputation Management Issue”
April 7, 2011

In a media alert, Professors Vasant Dhar and Arun Sundararajan urged CEOs to learn from Epsilon’s data breach and take control of their consumer data. The alert was also picked up by CNBC and the Sun Herald.

The Wall Street Journal: “Berkshire Affair Highlights Legal Gray Area”
April 7, 2011

Professor David Yermack’s commentary on regulatory disclosures at Berkshire Hathaway was featured. He also commented on CEOs' use of private company jets in the Atlanta Journal-Constitution.

The State Press: “Why We Label”
April 6, 2011

Professor Adam Alter explained the use of categorical labels to make sense of our environment.

Express Tribune: “Economic Planning: Government Needs to Take a Back Seat”
April 4, 2011

Professor Paul Romer argued that private innovation leads to economic growth, while government planning leads to decline, in a two part series. He also sat down to an exclusive interview with Zurich Minds to discuss charter cities.

livemint.com: “Are Forex Derivatives Different From a Regulation Perspective?”
April 4, 2011

Professor Viral Acharya explained some of the new regulations in the derivatives market.

Treasury & Risk: “New Raters Enter the Fray”
April 1, 2011

Professor Lawrence White commented on the benefits of having additional credit rating agencies.

WCBS Radio: “Jobless”
April 1, 2011

Professor Joseph Foudy commented on job formation in the US.

German TV
April 2011

Professor Samuel Craig was interviewed for a story on McDonald’s National Hiring Day.

NOTE: Due to subscription policies, not all articles cited could be included with a link to the full article.