Experience Stern | News & Events

Join fellow alumni and business leaders on April 17, 2012, at the New York Public Library for our Annual Haskins Award Dinner. This year's dinner celebrates and recognizes the contributions of our Chairman's Circle, Haskins Founders, Haskins Benefactors, and Haskins Investors, and the 2012 Charles Waldo Haskins Award recipient Mayor Michael R. Bloomberg, City of New York.

NYU Stern’s Berkley Center for Entrepreneurship & Innovation hosted Alex Osterwalder, co-author of Business Model Generation, as part of the Himelberg Speaker Series this Spring. Osterwalder shared insights on how to develop a disruptive business model. His Business Model Canvas, a tool to visualize, challenge and reinvent business models, is used by leading organizations around the world.

Excerpt from Bloomberg -- "...Dodd-Frank failed to heed a fundamental law of architecture: Form must follow function. For financial regulation to be effective, it should focus on economic function, rather than legal form. If it doesn’t, institutions will quickly find new forms that free them of regulatory constraints. What walks like a duck and quacks like a duck must be regulated as a duck, even if it is legally a goose."

Excerpt from Bloomberg -- "'People of status and power have an illusory sense they can control more than they do,' said Pettit. 'That leads to unrealistic optimism, increased risk-taking and decreased inhibitions.'"

The Craigslist website has become synonymous with easily linking up buyers and sellers of products and services in many US states with no monetary cost. According to new research by Anindya Ghose, Associate Professor of Business Associate Professor of Information, Operations and Management Sciences, with doctoral student Jason Chan, the online classified may provide more than a forum for commerce and camaraderie, and indeed comes with a high cost. The authors find that the expansion of Craigslist into different US states over eight years has increased the incidence of sexually transmitted diseases (STDs) because of the personal ads that enable casual sexual encounters.

Excerpt from VoxEU -- "The deadliest aspect of the Eurozone crisis is the tripwire linking the riskiness of banks and governments. This column provides evidence of the link and explains how it arose. It argues that given the near-chaos-like interaction, the zero risk weights on sovereign bonds should be revisited"

Excerpt from The Huffington Post -- "So why has Wall Street gotten so inefficient, flying in the face of market theory? Philippon offers one possible reason: Technological advancements have actually increased trading activity, which makes more money for Wall Street, but doesn't do anything for its efficiency."

Excerpt from The Economist -- " ... a group of American academics circulated a paper showing that banks’ individual estimates of their borrowing costs were surprisingly close, given their different levels of risk. That suggested something fishy but was not conclusive proof, according to Rosa Abrantes-Metz of New York University Stern School of Business, one of the paper’s authors."

Dean Peter Henry, with current MBA students and faculty, rang the NASDAQ Closing Bell in Times Square in New York City.

Excerpt from The Washington Post -- "The entry of Craigslist produces a transformative shift in casual sex-seeking behavior,' Jason Chan and Anindya Ghose write in 'Internet's Dirty Secret: Assessing the Impact of Technology Shocks on the Outbreaks of Sexually Transmitted Diseases.'"

Excerpt from MSNBC -- "As the balance of power tilts even more toward the Kindle platform, book publishers will lose bargaining power, [Sundararajan] added, and eventually, as it gathers more market power, Amazon.com will be able to raise prices."

Excerpt from Project Syndicate -- " ... the recession on the euro zone’s periphery is deepening and moving to the core, namely France and Germany. Indeed, the recession will worsen throughout this year, for many reasons."

Former Chairman of the Federal Reserve Board Paul Volcker spoke with a group of more than 100 students at the seventh annual Haitkin Lecture, organized by Stern’s Business & Society Program Area. Looking at the prospects for financial reform, Volcker underscored the importance of government oversight in today’s markets and stressed the critical role of internal controls in banks.

Excerpt from The Real Deal -- "'We learned from the global financial crisis of the systemic importance of real estate finance and continue to see how housing influences the direction and speed of the economic recovery,' said Stijn Van Nieuwerburgh, a professor of finance at NYU’s Stern school and the director of the Center for Real Estate Finance Research."

Excerpt from MarketWatch -- "NYU Stern School of Business will visit the NASDAQ MarketSite in New York City's Times Square to kick off 'Pre-View weekend' for students admitted to the Stern Full-time MBA Class of 2014."

Excerpt from Barron's -- "Back when Nouriel Roubini was a teenager, Kaufman was the original Dr. Doom whose bearish -- and prescient -- pronouncements about interest rates and inflation regularly shook the markets."

Excerpt from Investor's Business Daily -- "'If you try to buy a book now, you often will see that the price of the electronic or digital version is higher than the price of the hard-cover version, which is completely absurd,' said Nicholas Economides, a professor at New York University's Stern School of Business."

Combining its strength in finance with eminent scholars pursuing the study of real estate from the perspective of financial markets, economics, and commercial real estate development, NYU Stern launches a new Center for Real Estate Finance Research.

Excerpt from Downtown Express -- "The consequences for Downtown Manhattan’s post-9/11 rebirth may be devastating. Unless a sensible overcrowding solution is found soon, many families will move out of Downtown, and not just wait-listed families will leave."

Excerpt from NPR All Things Considered -- "Hershfield and a group of researchers wanted to help young people vividly imagine their own old age, so they recruited college-age men and women, gave them goggles and sent them into a virtual reality laboratory where they encountered a kind of mirror."

Excerpt from The American Prospect -- " ... markets may well become more efficient in achieving their primary social function—raising capital for enterprises, as Professor Thomas Philippon has argued."

NYU students walked the red carpet this month at the ProMotion Pictures Gala to celebrate the University’s 2011-2012 partnership with SUBWAY® and Content & Co. Through the ProMotion Pictures Program, graduate students from the Stern and Tisch Schools joined forces to produce branded entertainment as part of the Subway Fresh Artists™ Challenge. Hosted at the Tribeca Cinemas, the event featured screenings of two winning web series, produced by NYU students.

Excerpt from Marketplace -- "I just am unsure about how strong the banks are. I still worry that there are lurking losses in mortgages."

Excerpt from The Economist -- "Between 1990 and 2008, the [Spence and co-author] say, value added rose most in America's tradable sectors. Virtually all of the net employment growth, by contrast, occurred in non-tradable sectors."

Excerpt from Bloomberg -- "In 1812, all of the top five companies, and nine of the top 10, were banks. ... The finance sector made up 44 percent of the 500 largest corporations and 72 percent of all the authorized capital that year."