Experience Stern | News & Events

Excerpt from The Wall Street Journal -- "Institutions should not be allowed to issue uncovered contracts—those not backed by an offsetting position to reduce risk—that are prone to runs. Banks could collateralize short-term assets with cash reserves or Treasurys and draw upon these in the event of a run. This would be a simpler, more focused and less resource intensive way to contain systemic risk."

Excerpt from Project Syndicate -- "But, as a recent analysis has shown, there is little correlation between a country’s relative economic performance in several dimensions and how 'functional' its government is. In fact, in the six years since the global financial crisis erupted, the US has outperformed advanced countries in terms of growth, unemployment, productivity, and unit labor costs, despite a record-high level of political polarization at the national level."

Excerpt from US News -- "'Be as well-versed as possible in terms of the offerings of your school,' says Pamela Mittman, assistant dean of career services and leadership development at New York University's Stern School of Business. 'We leverage our second-year students, refer to them as career coaches and train them to provide direct feedback,' Mittman explains."

Excerpt from Bloomberg -- "In this paper we show how credit ratings have value in equilibrium and how reputation insures that, in equilibrium, ratings will reflect sound assessments of credit worthiness."

Excerpt from Inc. -- "Keen Home builds proactive hardware devices that aim to enhance the core functions of the home, so that your home can start to take care of you. For our first product, we are focusing on a home's heating and cooling system."

Excerpt from LiveMint -- "Professor Aswath Damodaran of Stern School at New York University neatly segregates the two camps into investors and traders—the former believe in value, the latter in price and he cautions that it can be dangerous to think that you can control or even explain how the other side works."

Excerpt from Financial Times -- "A detailed study by financial economists Viral Acharya and Sascha Steffen came up with an estimate of €510bn-€770bn for the shortfall."

Excerpt from Barron's -- "Traditionally, hedge funds profited on proprietary research and fought to maintain that edge as long as possible. Lately, however, some short-sellers have been freely posting investment research on the Internet. Are they crazy? If a recent working paper by Alexander Ljungqvist and Wenlan Qian, respectively of New York University and the National University of Singapore, is any indication, they might be crazily successful."

Excerpt from The Huffington Post -- "Both Michael Posner, the former Assistant Secretary of State for the Bureau of Democracy, Human Rights and Labor at the State Department, and Harold Koh, the former top State Department Lawyer, have said that there are no reasons for the US to maintain an 'increasingly implausible legal interpretation.'"

Excerpt from WNYC -- “'I would not be feeling very proud belonging to an organization that, because of some level of carelessness, [people] lost their lives,' she said. 'People who trusted us with their lives, lost lives. That must be traumatic.' But that trauma, she said, can be used to send a message that could be helpful in changing the organization’s culture to one that is more safety oriented. 'You start a campaign that says, never again.'”

Excerpt from Forbes -- "HireCanvas, an emerging startup, aims to make that hunt more efficient by connecting the right employers to the right candidates. This Manhattan-based venture was one of 80 startups showcased at the New York University Entrepreneurs Festival earlier this month."

Excerpt from Vox -- "This column argues that macro stress tests would be more effective if capital requirements were measured differently from the current regulatory risk weight-based approach, and in particular, were based on total assets and on market risks."

Excerpt from Bloomberg -- "There is a huge demand for these kinds of courses that train people for the new emerging economy. The real question really is whether the destruction of jobs that's caused by technology will be far faster than the creation of these new jobs in the long run."

Excerpt from Reuters -- "It wasn't until the crisis truly erupted that the West began to open its pocketbook. What happens when the next global tension flares and the international media's attention shifts? Will Western diplomatic efforts shift with it? Are the United States and Europe prepared to backstop a Ukrainian economy in free-fall when they have pressing economic concerns back home?"

Excerpt from China Daily -- "A. Michael Spence, who was awarded the Nobel Prize for economics in 2001 and chaired the World Bank's Commission on Growth and Development, said the growth target mentioned in Chinese Premier Li Keqiang's government work report during the two sessions was a 'reasonable' goal. 'This figure seems a very reasonable estimate and goal for growth this year, provided there isn't some major crisis outside - somewhere in the global economy or financial system,' said Spence."

Excerpt from The Huffington Post -- "However, Hal Hershfield, assistant professor of marketing at NYU's Stern School of Business, has found that when people can realistically imagine their future selves in a clear and positive light they are increasingly able to make choices that will benefit that future self."

Excerpt from Financial Times -- "Thomas Philippon, a professor at New York’s Stern Business School and a former adviser to Pierre Moscovici, the finance minister, says Mr Hollande’s unpopularity is more a function of a general disaffection that has emerged post-crisis than his own policies. 'Where Hollande is now says more about the country than about him. All the issues that were not properly dealt with in the past have crystallised now. It happened to occur under his presidency.'”

Excerpt from Bloomberg -- “'Both sides have personalized the issues,' said Scott Galloway, a professor of marketing at New York University."

Excerpt from Forbes -- "Bases for new products and services innovation can be ground-breaking and revolutionary, resulting from major new technologies such as 3D printing or nanotechnology, or small, simple, and seemingly obvious, like turning a ketchup bottle upside down, adding a 4th ball to a tennis ball can, or offering bright colors to items previously only white, black, or monochromatic. Innovations can involve simply taking something that has long been utilized or enjoyed in one market, such as a food, or face cream, and introducing it to a market that has never seen it."

Excerpt from CNBC -- "One noted economist, Michael Spence, has argued high-frequency trading should be banned. And regulators have periodically expressed qualms about the practice and its effect on markets, particularly regarding the Flash Crash."

Excerpt from CNC World -- "In a market like China, you would want some sort of government regulation to enforce that only accredited investors can come and participate in these markets and on of top that, you also want a self-policing community system in place."

Excerpt from Slate -- "Dear Blues, I have a suggestion for a birthday present: Get yourself a copy of Jonathan Haidt’s The Happiness Hypothesis and read how all of us struggle like riders atop an elephant to control our thoughts."

Excerpt from Science Codex -- "'We predict that in a gift-giving situation, both the gift givers and gift receivers will focus on the gift receivers when thinking about the gift. Givers will choose gifts that are more desirable over gifts that are more practical, whereas receivers will give greater weight to the gift's practicality,' write authors Ernest Baskin (Yale University), Cheryl J. Wakslak (University of Southern California), Yaacov Trope (New York University), and Nathan Novemsky (Yale University)."

Excerpt from Bloomberg -- “'The Fed is right to worry about fire-sale risk,' Viral Acharya, a finance professor who focuses on liquidity risk and regulation at New York University’s Stern School of Business, said in a telephone interview on Feb. 25. Lehman and Bear Stearns showed the consequences when 'creditors in the repo market started worrying about these counterparties.'”

Excerpt from The New York Post -- “'This thing is nuts,' says NYU Stern professor and psychologist Jacob Jacoby, who likens the lakkris latte to an ostentatious Gucci or Hermès belt. 'It’s about conspicuous consumption — displaying wealth. It says something about themselves: 'Look, I can do this,' he explains."