Experience Stern | News & Events

Edward Altman, the Max L. Heine Professor of Finance at NYU Stern and an esteemed bankruptcy scholar for nearly five decades testified at the Loan Syndications & Trading Association conference in New York City for the American Bankruptcy Institute’s Hearings on Reform of the Bankruptcy Code.

Excerpt from Reuters -- "Roy Smith, a professor at New York University Leonard N. Stern School of Business, said the existing securities and commodities laws provide legal standards for prosecuting executives who provide false and misleading information. The challenge is showing the executive’s intent, he said."

Excerpt from CBS News -- "I felt a responsibility to my students to explain who Paul Volcker was and why every central banker since is in his debt."

Excerpt from The New York Times -- "In short, the economist’s cost-benefit approach — itself long an important arrow in the moral philosopher’s quiver — has much to say about the effects of rising inequality. We need not reach agreement on all philosophical principles of fairness to recognize that it has imposed considerable harm across the income scale without generating significant offsetting benefits."

Excerpt from Forbes -- "While most NYU students probably set out to enjoy the lovely October sunshine this past weekend, a select few with particular drive gathered at the Stern School of Business to partake in the Lean Startup Machine, the most intensive workshop arranged by the Berkley Center so far this fall."

NYU Stern alumni and students filled Paulson Auditorium on October 15 to hear Professor William Silber discuss his newly published biography of Paul Volcker, “Volcker: The Triumph of Persistence.”

On October 15, 2012, NYU Stern's Development and Alumni Relations Office and the Center for Global Economy and Business will host a discussion of Professor William Silber's book, "VOLCKER: The Triumph of Persistence.

Excerpt from Project Syndicate -- "The major emerging economies were the world’s main growth engines following the eruption of the financial crisis in 2008, and, to some extent, they still are. But their resilience has always been a function of their ability to generate enough incremental aggregate demand to support their growth, without having to make up for a large loss of demand in developed countries. A combination of negligible (or even negative) growth in Europe and a significant growth slowdown in the United States has now created that loss, undermining emerging economies’ exports."

Excerpt from The Huffington Post -- "First, flaws in the design and implementation of the EMU have made the crisis worse. Second, the decentralized decision-making process of the EU, with political power concentrated in countries rather than Europe, makes effective crisis management nearly impossible."

Excerpt from Financial Times -- "Lewis never taught in a business school, but his dedication to a life of scholarship and public engagement reminds us what is possible when we bind the pursuit of knowledge to the search for pragmatic solutions."

Excerpt from Financial Times -- "Mindful she would not be considered for a management job at Delta without a business degree, she decided to study for an executive MBA. 'I was aware of the ‘GI Bill’ [the Post-9/11 Veterans Educational Assistance Act of 2008] and wanted to explore other opportunities,' says Swart, who is set to graduate from New York University’s Stern School of Business in January."

Excerpt from Project Syndicate -- "The United States Federal Reserve’s decision to undertake a third round of quantitative easing, or QE3, has raised three important questions. Will QE3 jump-start America’s anemic economic growth? Will it lead to a persistent increase in risky assets, especially in US and other global equity markets? Finally, will its effects on GDP growth and equity markets be similar or different?"

Excerpt from The Huffington Post -- Translated from Italian using Google Translate: "In the period 1990-2009, gross domestic product per capita Italian (real, that is, correcting for inflation) grew at an average of 0.6 percent per year. In other words, in less than twenty years, GDP per capita grew by only 11% (Bank of Italy)."

The 27th Annual AHBBS Conference, hosted by the NYU Stern Association of Hispanic & Black Business Students (AHBBS) is themed, “Leadership Through Innovation: Creating a Career of Opportunity and Choice.”

A conference jointly sponsored by the Federal Reserve Bank of New York and the NYU Stern Salomon Center.  This conference aims to promote a better understanding of the role of private equity in the US economy, including real economic effects of private equity transactions and economic welfare implications.

On Thursday, October 11, 2012, NYU Stern co-hosted, with the Ministry of Foreign Affairs of the Republic of Poland, a panel discussion on Europe’s Economic and Financial Future with Commissioner Janusz Lewandowski, Member of the European Commission, Financial Programming and Budget.

Excerpt from ABC News -- “There used to be liberal Republicans and conservative Democrats; those are largely gone,” Haidt said. ”So now we’re not like two sports teams competing, we are like something from ‘Lord of the Rings.’ ‘We’ are the perfectly good people and ‘they’ are the forces of darkness. And that’s unfortunate, it’s hard to have a democracy without compromise, and it’s very hard to compromise when the people think the other side is evil.”

Excerpt from NerdWallet -- "I think that some classes should be made mandatory in high school — high school rather than college, because it’s the least educated who need those classes the most. Finance is a somewhat novel and abstract field, and it should be learned. Some basic rules of thumb are pretty simple to learn, but they will go a long way towards avoiding catastrophic finances down the road."

Excerpt from Psychology Today -- "One possibility is that by completing several small tasks, I give myself a sense of competence that I can do what I set out to do, or what psychologist Albert Bandura has termed “self-efficacy.” Another possibility, however, is that trying to pay attention to a number of smaller sub-tasks makes it harder for me to maintain my focus on the big picture (think: 'Well, I just finished these three little things, so I may as well as check out what’s new and exciting on Facebook for three hours before writing this blog post')."

Excerpt from CNBC -- "It's the speed of real time data being generated that makes it so appealing to businesses...Macy's used it to determine how many customers they will get at Thanksgiving, and can plan on what to sell in real time. And Sears personalized promotions for customers in a just a week when it used to take them eight. There's so much that can be done with it."

Excerpt from Ignites (a Financial Times service) -- "Creating a leadership development program internally, rather than outsourcing that entire function, is important for firms because it sends a signal to all employees, says R. Kabaliswaran, a clinical professor of management at New York University who also teaches MBA courses on leadership, power, politics and strategic design at the NYU Stern School of Business."

Excerpt from Financial Times -- "For Ms Dole, who is studying at New York University’s Stern School of Business, the decision to take an MBA does not reflect a change of career. 'I’ve been in the arts my whole life – it’s my passion,' she says. 'I’ve spent a career in dance and I’m looking for ways to increase my ability to have an impact on the field I love so much.'"

Excerpt from TIME -- "Both candidates are essentially saying, Vote for me because the other side destroyed a fair America in which hard work paid off. Vote for me because I’ll restore fairness and the American Dream. But if we dig a little deeper into what the two sides mean by fairness, the similarities melt away."

Excerpt from Financial News -- "The last time economic issues took centre stage with such significant importance was 20 years ago when Ross Perot, as an independent, gathered 19% of the popular vote in support of his deficit reduction agenda."

Excerpt from The New York Times -- "As the cost of health care continues to be a battering ram in the 2012 presidential campaign, Professor Baumol’s seemingly academic treatise contains a couple of zingers that one can imagine President Obama incorporating into his stump speech. The future is bright, this book argues, as long as policy makers don’t do things that are sure to bring on the storm clouds."