Experience Stern | News & Events

Excerpt from Rediff Business -- "Roubini, who is famous as one of the few people who foretold the financial meltdown of 2008, said in a tweet posted last week that tax cuts of the past were ill-advised. 'Federal taxes were 20% of GDP at time of a balanced budget. Now down to 14% the lowest in 60 years. So any deficit reduction requires tax hikes,' he tweeted." Additional coverage appeared on Sky News.

Excerpt from Evening Standard -- New York economics professor Nouriel Roubini, dubbed Doctor Doom after he predicted the financial crisis, said that the bond market "is a beauty contest about the least ugly"... Additional coverage appeared on a FT.com blog.

Excerpt from the Jakarta Globe -- "Perhaps all this amped-up degree-getting just represents job market “signaling” — the economist A. Michael Spence’s Nobel-worthy notion that degrees are less valuable for what you learn than for broadcasting your go-get-’em qualities."

Excerpt from a Forbes.com blog -- Joel Rubinson of Rubinson Partners predicts that “ultimately the consumer will be the winner as Walmart and its vendors make better marketing decisions that add more value to daily life.”

Excerpt from Irish Times -- "But a study in the Journal of Consumer Psychology earlier this year looked more rigorously at this bias in time perception. The experiments suggest that the phenomenon happens not only on long trips to and from from home, but on shorter excursions too, and also on journeys to a familiar destination that isn’t home."

Excerpt from Bloomberg -- "We're not in a very good place, and that's what the markets are telling us."

Excerpt from Bloomberg -- "To restore fiscal balance on a reasonable time horizon, without doing it too quickly and killing off growth, is a problem nobody actually knows how to solve, and we're going to have to work through it together. In this political climate I don't know how that's going to go, but the challenge is to maintain in the government's budget the things that tend to supoprt medium- and long-term growth..."

Excerpt from Information Technology Newsweekly -- "According to the authors of a study from New York City, New York, 'The Internet Corporation for Assigned Names and Numbers (ICANN) has control over extremely important aspects of the Internet. Yet, its non-profit corporation status, combined with the way that it is funded and governed, make accountability a serious problem.'"

Excerpt from Business Insider -- "We've collected the latest photos and headlines from Doctor Doom's travels."

Excerpt from Accounting Today -- "'What's the role of standards? It's to assure comparability and improve operational and allocational efficiency of the markets,' said Choi, who developed the IFRS template for the NYU accounting curriculum."

Excerpt from Registered Rep -- "Richard Bernstein is shunning emerging markets and focusing on U.S. stocks. It is the kind of contrarian call that advisors have come to expect from Bernstein, a former Merrill Lynch chief investment strategist. Most of the forecasts have proved on target."

Excerpt from Livemint.com -- "The financial crisis that started in the US in 2007 offers valuable policy lessons in how to avoid the build-up to a Lehman event."

Excerpt from New York Daily News -- "Every economy on the planet is headed in this direction," said Prof. William Greene of NYU's Stern School of Business. "The replacement of human labor with machines has been going on ... in every economy since long before the Industrial Revolution."

Excerpt from CNNMoney -- "It's already exacerbating the situation," said New York University Professor of Economics Lawrence White, who testified before Congress last week about the debt crisis.

Excerpt from Bloomberg -- "Those who criticize Gingrich's tactics in budget negotiations are forgetting the big story. President Clinton didn't come into office as an austerity champion. He came to Washington to rearrange health care and promulgate Labor Party-style workplace reforms..." Additional coverage appeared on Newt.org, Sarasota Herald-Tribune and Delawareonline.com

Excerpt from Rapid News Network -- “I think this is all consistent with the idea that odd prices act as an information-processing reduction,” he explained, “indicating a product is a deal. Just because the price ends with 99 cents, it doesn’t mean it’s a really good deal.”

Excerpt from MarketWatch -- "The strategy works because, at least historically, the market’s most volatile days tend to be clustered together rather than occurring randomly. (This crucial finding traces to research conducted by New York University finance professor Robert Engle, for which he won the Nobel Prize in 2003)."

Excerpt from Viewpoint Magazine -- "‘Research shows that companies entering the American stock market tend to perform better when they have a name that’s easier to pronounce,’ says Adam Alter, assistant professor of marketing and a psychologist at New York’s Stern School of Business."

Excerpt from Investment Weekly News -- "It is widely believed that a diversified hedge fund portfolio strategy is an effective hedge against adverse market movements. New research by NYU Stern Finance Professor Stephen Brown, with co-authors Greg Gregoriou and Razvan Pascalau of SUNY College at Plattsburgh School of Business and Economics, shows this is not the case..."

In July, NYU Stern generated more than 700 media hits. Stern faculty were featured for their research and perspectives on a variety of subjects including the credit rating downgrade, the News Corporation scandal and the risk of a double-dip recession in prominent outlets such as Associated Press, Bloomberg, CNN and The Wall Street Journal. Additionally, in more than 50 op-eds, Stern faculty discussed the debt ceiling debate, the Eurozone crisis and the one-year anniversary of Dodd-Frank.

Excerpt from Reuters -- "The best hope would be we'll get the debt ceiling raised and then we'll have a complex, difficult debate about restoring fiscal stability, and hopefully it will keep the pieces that help us rebuild the growth and employment momentum."

Excerpt from Variety -- "NYU Stern's Entertainment, Media and Technology Program head Al Lieberman says News Corp. is clearly the most global among studio parent companies, citing its expansive ownership stakes in the U.K.'s BSkyB, Star India, Star China, Fox Italia and elsewhere."

Excerpt from Reuters -- "Remember, all a downgrade means is at AAA, the rating agencies were saying, extremely unlikely that the US would default, fail to make a payment. A downgrade to AA means still pretty unlikely but we can't use the word "extremely" anymore. It could well happen over this weekend. But it's not a certainty."

Excerpt from Entertainment Close-up -- "New research demonstrates a relationship between a magazine brand's digital aptitude and its advertising revenue per-page, according to the most recent Digital IQ Index published by L2 in conjunction with NYU Stern."

Excerpt from Shanghai Daily -- "The eurozone crisis is reaching its climax. Greece is insolvent. Portugal and Ireland have seen their bonds downgraded to junk status. Spain could lose market access as political uncertainty adds to its fiscal and financial woes. Financial pressure on Italy is now mounting."