NYU Stern
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  • OZY logo
    Excerpt from OZY -- "We bet you haven’t asked yourself what Chile and Barbados did to rebound. That’s what Henry did, and he found that some small countries that committed to fiscal discipline were able to recover better than even big ones, who should have had better resources and bigger brain trusts."
  • financial times logo feature
    Excerpt from Financial Times -- "'Whether we like it or not, art is used for tax avoidance and evasion,' said Prof Roubini, himself an art collector. 'It can be used for money laundering. You can buy something for half a million, not show a passport, and ship it. Plenty of people are using it for laundering.'"
  • daily mail logo feature
    Excerpt from The Daily Mail -- "The researchers concluded: 'Consumption can sometimes compensate for our blunders and failures, but this doesn’t always work. Consumers who use products to boost their sense of self-worth tend to dwell on their shortcomings and their ability to exert self-control is impaired.'"
  • quartz logo
    Excerpt from Quartz -- "'It’s one of the famous addresses in American capitalism and finance,' said Richard Sylla, a financial historian at NYU’s Stern School of Business. 'The idea that it would have a bowling alley there, you know, Morgan would probably roll over in his grave.'"
  • – Faculty News

    Prof. Karen Brenner on Marissa Mayer's tenure at Yahoo

    January 21, 2015
    NYTIMESLOGO
    Excerpt from The New York Times -- "'What’s important in all turnarounds is for the C.E.O. to identify where the future lies — to have a plan,' said Karen Brenner, a professor at the New York University Stern School of Business who has studied successful turnarounds."
  • bloomberg logo feature
    Excerpt from Bloomberg -- "A bubble in the leveraged-finance market is growing and may burst in 12 to 18 months, said Edward Altman, a specialist in credit markets who developed a model for predicting corporate bankruptcies. 'We think it’s building,' Altman told a gathering of corporate restructuring experts Wednesday in New York. He said the current 'benign credit cycle' encouraged by low interest rates has been going on for five years and led to a 'frothy' market. 'You’ll be busier at this time next year.'"
  • bloomberg logo feature
    Excerpt from Bloomberg -- "Inequality is worsening in many advanced economies and especially in the United States. You have to ask yourself why. I think it's because technological innovation is capital-intensive and labor-saving because trade and globalization reduces the income and jobs of those who have low skills or are partially skilled... There are lots of factors that are driving [inequality] and it's leading first to social and political instability, but it also negatively affects economic growth because you are redistributing the income from those who spend more to those who save more. So, over time, the fall in the share of labor income is going to have a negative impact on economic growth and aggregate demand."
  • reuters logo feature
    Excerpt from Reuters -- "China is, today, the second largest economy in the world, so if the slowdown in China were to be more than expected, it has significant impact on commodity exporters... it affects both emerging markets and advanced economies alike."
  • project syndicate logo feature
    Excerpt from Project Syndicate -- "At a time of lackluster economic growth, countries around the world are attempting to devise and implement strategies to spur and sustain recovery. The key word is strategy: to succeed, policymakers must ensure that measures to open the economy, boost public investment, enhance macroeconomic stability, and increase reliance on markets and incentives for resource allocation are implemented in reasonably complete packages. Pursuing only some of these objectives produces distinctly inferior results."
  • – Faculty News

    Prof. Anindya Ghose on new cybersecurity legislation

    January 20, 2015
    the guardian logo feature
    Excerpt from The Guardian -- "Despite the massive, high-profile hacks of Sony, Target and Home Depot, new legislation will struggle to gain traction, said Anindya Ghose, professor of Information, Operations and Management Sciences at New York University’s Stern School of Business. 'I don’t think anyone wants to see another Sony. It’s bad for everyone, but I find it difficult to see any legislation going through despite the importance of it,' said Ghose."
  • financial times logo feature
    Excerpt from Financial Times -- "Michael Spence, economics professor at the Stern School of Business, New York University, agreed there were problems in parts of the global economy, but said cheaper energy would boost economies that have experienced demand problems. 'With China still growing and the US improving . . . I doubt the [oil] price decline could be attributed to a sharply negative view of the global economy,' the 2001 Nobel laureate said."
  • luxury daily logo feature
    Excerpt from Luxury Daily -- "'The campaign has been timed well for Valentine’s day, fast approaching, making Intenso a top-of-mind product for women who are looking for something new for their men,' said Thomaï Serdari, Ph.D. brand strategist and adjunct professor of marketing at New York University, New York."
  • bloomberg logo feature
    Excerpt from Bloomberg -- "It’s unlikely competitors will elbow out smaller manufacturers like Sierra Wireless, said Anindya Ghose, a professor at New York University who studies how the trend will affect businesses. Instead, smaller companies could become acquisition targets for technology giants looking to build out their presence in connected devices, Ghose said in an interview from New Delhi, declining to comment on whether Sierra would be a target."
  • economist logo feature
    Excerpt from The Economist -- "Banks are also reporting losses on the Swiss franc trade and this must raise further questions about their risk modelling. The classic approach is the value at risk model (VAR) which NYU Stern explains is used most often by commercial and investment banks to capture the potential loss in value of their traded portfolios from adverse market movements over a specified period."
  • – Faculty News

    Prof. Joseph Foudy on China's economic growth

    January 17, 2015
    cnc world logo feature
    Excerpt from CNC World -- "So it's really time for China to sort of think about what is the quality of growth. And I think anything in the 5 to 7 percent range is actually quite healthy as long as the economy is reforming, moving to a consumption-based economy and moving to an innovation-based economy. So I think it's good news."
  • science codex logo
    Excerpt from Science Codex -- "Researchers found that since 2000, most inventors when given the choice opted to disclose information about their patents before patent approval - even small inventors - and this disclosure correlates with more valuable patents."
  • voxeu logo feature
    Excerpt from Vox -- "The tax rate would start out low and would then rise steadily as taxable consumption rises. Under the current income tax, rates can't rise too high without choking off savings and investment. But higher marginal tax rates on consumption actually encourage savings and investment."
  • – Faculty News

    Prof. Edward Altman's Z-Score measure is featured

    January 15, 2015
    usa today logo feature
    Excerpt from USA Today -- "An easy-to-use financial measure, invented decades ago by New York University Stern School of business professor Edward Altman, was designed to be an early warning signal of companies in major trouble. Professional investors swear by the Altman Z-Score and the number has proved prescient, yet again."
  • science daily logo feature
    Excerpt from Science Daily -- "Common wisdom and prior economic research suggest that an inventor filing a patent would want to keep the technical know-how secret as long as possible. But a new study of nearly 2 million patents in the United States shows that inventors are not as concerned with secrecy as previously thought. Researchers found that since 2000, most inventors when given the choice opted to disclose information about their patents before patent approval -- even small inventors -- and this disclosure correlates with more valuable patents."
  • atlantic logo feature
    Excerpt from The Atlantic -- "In their paper, 'Unskilled and Unaware of It: How Difficulties in Recognizing One's Own Incompetence Lead to Inflated Self-Assessments,' professors Justin Kruger and David Dunning write that, 'People tend to hold an overly favorable view of their abilities in many social and intellectual domains.'"
  • forbes logo feature
    Excerpt from Forbes -- "...Prudential Investment Management recently issued a report arguing that urbanization across the globe is in its 'prime time.' The report cites a projection from New York University professors Paul Romer and Brandon Fuller that cities worldwide will gain more than 60 million people annually over the next three decades."
  • yahoo finance logo feature
    Excerpt from Yahoo! Finance -- "'Two of the world’s largest economies' -- the United States and China-- 'actually look very stable,' Bremmer notes. 'And yet neither of those countries want to do an awful lot to actually fix geopolitical concerns that don’t affect them very much.'"
  • the guardian logo feature
    Excerpt from The Guardian -- "The American political psychologist Jonathan Haidt regards voters as 'deeply intuitive creatures whose gut feelings drive out strategic reasoning'. They no longer look just to their wallets. They seek comfort in identity, personality, above all security for themselves and their families."
  • – Faculty News

    Prof. Anindya Ghose on the future of Flipkart

    January 14, 2015
    economic times logo feature
    Excerpt from Economic Times -- "'What they (Flipkart) need to focus on now is building an installed base of loyal users who will find the platform sticky enough and not go to competitors like Snapdeal or Amazon at the drop of a hat,' said Anindya Ghose, professor of IT and marketing at New York University's Leonard Stern School of Business."
  • fortune logo feature
    Excerpt from Fortune -- "If you keep prices low for long enough, you get rid of those who are high marginal-cost producers, whether it’s shale gas and oil, or Russia, or Venezuela, you name it. Secondly, you commit to your fixed investment schedule and continue to increase capacity. That’s going to lead to everybody else to underinvest in increasing capacity. In the short term, you have lower oil prices, but in the medium term you’ve flushed out your competition … you take the pain for the next 12 to 18 months, but the result is higher prices and market share down the road."

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Contact NYU Stern Public Affairs

If you're a member of the press, please contact Stern’s Office of Public Affairs at:

Phone: 212-998-0670
Fax: 212-995-4950
Email: paffairs@stern.nyu.edu

Or contact us directly:

Joanne Hvala, Associate Dean
(212) 998-0995; jhvala@stern.nyu.edu

Jessica Neville, Executive Director
(416) 516-7677; jneville@stern.nyu.edu

Rika Nazem, Director
(212) 998-0678; rnazem@stern.nyu.edu

Carolyn Ritter, Senior Associate Director
(212) 998-0624; critter@stern.nyu.edu

Anna Christensen, Associate Director
(212) 998-0561; achriste@stern.nyu.edu

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