Experience Stern | News & Events

Excerpt from TIME -- "In a remarkable new book, "The Darwin Economy," economist Robert Frank explores how these sorts of arms races play out in myriad areas of economic life—and how we could create a more productive economy if we understood their nature and impact."

Excerpt from CNBC Squawk Box -- "The rating has to do with the risk the company will go under. This risk has to do with whether they will go under when the economy tanks."

Excerpt from Reuters -- "It could lead to fire sales of assets, which would have further spiraling effects on other firms in the economy. ... This is an aggressive move to meet the dollar shortages of the European banks. ... It is a signal that the situation is getting pretty tight for the banks." Additional coverage appeared in Yahoo! News, Chicago Tribune, and lse.co.uk.

Excerpt from The Wall Street Journal -- So far, job losses in finance have not been so large relative to the rest of the economy. ... There will be more to come.

Excerpt from Bloomberg Businessweek -- "Robert Frank, the Cornell economist, argued in 'The Winner-Take-All Society,' culture and technology narrow the market for pro athletes and entertainers — and, more recently, business and the professions — in a way that offers outsized rewards to a few stars."

Excerpt from BigThink -- "Microfinance, once viewed as a panacea for the economic problems of the poor, may also suffer from a general equilibrium problem. Even though extending credit to poor women has allowed many thousands of them to start small businesses and invest in household essentials, it hasn’t been proven to reduce poverty."

Excerpt from Bloomberg -- "Swift, the phenom, suggests the market for pop culture features elements of a vicious cycle perpetuated by music professionals, at least in the case of girls." Additional coverage appeared in Bloomberg Businessweek and San Francisco Chronicle.

Excerpt from National Review Online -- "Clearly, the United States is an outlier in its government involvement in mortgage markets, providing much more support than does any other country."

Excerpt from Financial Times, The A-List blog -- "It is increasingly clear that Italy’s public debt is unsustainable and needs an orderly restructuring to avert a disorderly default." Additional coverage appeared in CNBC, Bloomberg, Bloomberg Businessweek, Forbes, and Speigel.de.

Excerpt from The Huffington Post -- "Ultimately everybody in the markets believes that the lender of last resort is really the Federal Reserve."

Excerpt from Bloomberg -- "Let’s have the government allocate 20 of its more than 10,000 square miles of public land to build a charter city. We can call it Romerton after New York University economist Paul Romer, who is organizing a charter city for Honduras."

Excerpt from YouTube -- "Sinan Aral is an Assistant Professor and Microsoft Faculty Fellow at the NYU Stern School of Business. He studies how behavioral contagions spread through social networks -- from products to productivity to public health."

Excerpt from Financial Post -- "Dr. Haidt notes that what makes morality — our notions of good and bad, and right and wrong — so hard to examine is the nature of morality itself, which has been a topic of philosophical inquiry since before Socrates." Additional coverage appeared in Financial Post.

Excerpt from Accounting Today -- "The Public Company Accounting Oversight Board has expanded the membership of its Standing Advisory Group to 42, and increased its members' terms from two years to three years."

Excerpt from Christian Science Monitor -- "In a salute to Paul Romer and other growth thinkers, we believe that new ideas can and will arrive that will save the day so that we do not starve and do not suffer in a changing world."

Excerpt from eYugoslavia -- "Speakers at each event are well-known leaders of finance and include the CFOs of major corporations as well as thought leaders in management, strategy, and innovation. Upcoming speakers include ... Baruch Lev, Philip Bardes Professor of Accounting and Finance, NYU-Stern ... "

Excerpt from Motley Fool -- "For a company to be truly undervalued, Damodaran says in his book 'Investment Fables,' 'You need to get a mismatch: a low price-to-earnings ratio without the stigma of high risk or poor growth.'" Additional coverage appeared in another Motley Fool piece.

Excerpt from Business Insider -- "Information asymmetry is a difficult problem to solve in financial markets, and George Akerlof, Michael Spence, and Joseph E. Stiglitz won the Nobel prize for Economics in 2001 for their work on the phenomenon through exploring economic inefficencies arising from differing, imperfect information levels between buyers and sellers of goods and services in the marketplace."

Excerpt from The Huffington Post -- "If you take a big chunk like Europe and turn it down, it would probably bring everybody else down, including us."

Excerpt from Bloomberg Businessweek -- “'If you want to be a leading university, you have to offer distinguishing programs,' says Sam Craig, director of Stern’s entertainment media and technology program. 'We are among the few universities that can do this, and that is one reason why we offer it.'"

Excerpt from Forward.com -- "Leader, 57, who is a father of three, loves a challenge and has some serious plans up his sleeve to open another, bigger bakery. He was only 29 when he founded Bread Alone in 1983 so there is synchronicity in the fact that his oldest son, who graduates NYU Stern School of Business next year, will be 29 when he joins the company."

Excerpt from BigThink -- "According to economist and author Daniel Altman, culture-bridging experts will thrive economically well into the foreseeable future. As companies set up operations in new countries, they need bicultural middlemen – lawyers, fixers, and accountants among them – to smooth things over with the locals."

Excerpt from Financial News -- "Corporate cash has become a potential source of flight capital in the marketplace, taking account of the failure of the super-committee to strike a deal on reducing the country’s debt."

Excerpt from Donga.com -- "Professor Daniel Altman at New York University Stern School of Business put the revival of the U.S. as the first of 12 trends that will reshape the global economy, based on the American people’s consumption power."

Excerpt from Technology Digital -- "These incidents are putting retailers 'in the black' -- as the companies compete for customers in a weak economy, said Jacob Jacoby, an expert on consumer behavior at New York University." Additional coverage appeared in Care2.com and Gamer.blorge.com.