Experience Stern | News & Events

NYU Stern alumnus Mike Indursky (MBA ’90), president of Bliss World Holdings Inc., recently sat down with a group of MBA students through the School’s Leadership Luncheon Series. Indursky shared what he called, “Lessons Learned through a Career of Self-Discovery and Self-Actualization.”

Excerpt from Xinhua -- "We have a fragile recovery in America and difficulty in Japan, but Europe has the danger of really having a major crisis either in the banking system or in general."

Excerpt from Reuters -- "White noted that the SEC's investigation of S&P follows steps by Congress in the Dodd-Frank Act to make the agencies more responsible for their judgments."

Excerpt from The Japan Times -- "Nobel laureate Michael Spence in his recent seminal work has shown that the United States has not created jobs in the tradable sectors of the economy — basically manufacturing — for 20 years and that job creation has come in the less productive sectors."  Additional coverage appeared in Bahamas Tribune.

Excerpt from BigThink -- "Chinese incomes are a lot lower than American incomes right now. Even if they were to rise to the level of Korean incomes right now it would still be a pretty close match between the US and China for which was the biggest economy in the world."

Excerpt from Revamp.com -- "A three-day affair designed to allow shoppers to engage with the best of the Fall/Winter 2011/2012 season collections at various stores inside the posh Northern Virginia mall, this year’s festivities began with an engaging panel on Thursday evening featuring Washington Post Fashion Washington Editor-in-Chief Jennifer Barger, Ogilvy Senior Veep Rohit Bhargava, The Luxury Marketing Council founder Gregory Furma ... "

Excerpt from Bloomberg -- "But a close read of both Buffett and Mellon makes clear that the two men differ in a subtle but key way: Buffett puts fairness of the tax code first. From fairness, he believes, follow other benefits. Mellon puts access to capital for business as the top priority. Call it the Mellon Rule."  Additional coverage appeared on Cincinnati.com and Minyanville.

Excerpt from CBS St. Louis -- "Charlie talks with NYU Economics Professor Richard Sylla about the long-term outlook for stocks."

Excerpt from InvestmentNews -- "To my mind, if a client's Roth assets have declined, it probably makes sense to re-characterize and re-Roth. The bigger decision is whether to re-Roth this year or wait until early next year."

Excerpt from Seeking Alpha -- "I found historical average EV/EBITDA multiples for firms in this industry (from Aswath Damodaran’s website here. Note, MHK is found in the Furnishings industry, which has a long-term EV/EBITDA multiple of 6.6x, and a range of 3.32x in 2008 to 8.17x in 2010) and used these multiples to derive an estimated enterprise value for the firm using its normalized EBITDA in each scenario."

Excerpt from Investeens.com -- "In fact, [Spence's] optimism relies on the fact that Europe pulls through but its "a close call" to make at this point. Roubini is affirmatively stating that a recession will occur, but he's just not sure how severe it will be."

Excerpt from Xinhua -- "There is a general sense of great uncertainty about the willingness of policy makers in both America and Europe to aggressively tackle the issues." Additional coverage appeared on Xinhua.

Excerpt from Financial Times -- "Devised by the US academic Edward Altman in the 1960s, [the Z-score] seeks out common financial characteristics among firms that have gone bust, and then looks for those characteristics among existing firms."  Additional coverage appeared in Seeking Alpha and TheStreet.com.

Excerpt from VoxEU.org -- "Viral Acharya talks to Viv Davies about the recent report issued by the UK's Independent Commission on Banking. They discuss capital requirements and the proposal to ringfence bank’s retail versus investment activities."

Excerpt from The New York Times -- “When the crisis hit and people really started to feel a pinch in their pocketbooks, they started to spend less across the board, especially in discretionary kinds of things. ... But it's difficult, I think, for people to do that for a long time, even when they need to.” Additional coverage appeared in Rutland Herald.

Excerpt from FOX Business -- "I think the main thing we need to do in this country is get our economy moving again, growing at normal rates, not 1 or 2 percent, but historically, it's growth at 3-4%. If we get that back, there will be a lot of the problems we're worried about now that will go away..."  Additional coverage appeared on Yahoo! Finance.

Excerpt from Financial Times -- "In his memoir of life on Wall Street, "On Money and Markets," Henry Kaufman, the Salomon Brothers economist, notes that when he showed up for his first day of work in 1962, 'most partners sat on the trading floor, including Billy Salomon, the managing partner.'"

Excerpt from Poynter.org -- " ... [Time.com was] named by the L2 Digital Think Tank and NYU’s Stern School of Business as the No. 1 brand in the magazine industry for digital excellence, the only brand of 87 surveyed to earn a “genius” distinction."

Excerpt from States News Service -- "Hal Hershfield, Assistant Professor, Stern School of Business, New York University, will discuss his innovative research on how presenting people an image of their future selves could change their attitudes toward retirement savings."  Additional coverage appeared in Reuters Daybook.

More than 450 aspiring entrepreneurs from NYU’s student, alumni and faculty communities gathered in Paulson Auditorium to hear about this year’s Entrepreneurs Challenge. During the official Kick-Off, attendees received information about NYU Stern’s 13th Annual New Venture Competition and 9th Annual Social Venture Competition – both sponsored by Stern’s Berkley Center for Entrepreneurship & Innovation – and NYU’s 2nd Annual Technology Venture Competition, hosted by Stern’s Berkley Center and NYU’s Innovation Venture Fund.

Excerpt from Reuters TV -- "Greece is so far out of bounds in terms of productivity and competitiveness that even if the European Union gets together and provides enough support to stabilize the fiscal situation, they can't compete and they can't grow."

Excerpt from Yahoo! Finance -- "'You can easily make an argument that the short run and medium run doesn't look very good,' says Spence. However, unlike his colleague Roubini, Spence says a recession is not a sure thing." Additional coverage appeared on Ritholz.

Excerpt from Bloomberg -- "'Banking is risky,' Vickers said today on a panel hosted by New York University’s Stern School of Business. 'Those risks 'should sit with investors, not the taxpayers. Nor should they sit with retail depositors,' he said."  Additional coverage appeared on Reuters.

Excerpt from Bloomberg -- "Financial risk management can’t be effective if there aren’t good operational controls in place, such as confirming trades, said Leon Metzger."  Additional coverage appeared in Brisbane Times.

Excerpt from SignOnSanDiego.com -- "In 2003, UCSD's Clive W.J. Granger shared the Nobel Prize in economics. He shared the prize with Robert Engle, who retired from the UCSD faculty that same year."