Experience Stern | News & Events

Among the 360-plus (and growing) economists, scholars, former Fed officials and investors that have signed and are circulating a petition to Congress and the Executive Branch urging them to keep the Federal Reserve independent are seven NYU Stern professors.

Anindya Ghose, NYU Stern Assistant Professor of Information, Operations and Management Sciences, and his NYU collaborators were awarded a $2.124 million grant from the National Science Foundation (NSF) based on the Federal Cyber Service: Scholarship For Service (SFS) program for research and teaching of security and privacy issues on the Internet and other critical information infrastructure.

Sinan Aral, assistant professor of Information, Operations and Management Sciences, was given the 2009 IBM faculty award, a cash grant that is awarded annually as a result of a worldwide competition created to foster collaboration between researchers at leading universities and those in IBM research, development and services organizations.

At an intimate reception on October 5, sponsored by the Ewing Marion Kauffman Foundation, Princeton University Press and NYU Stern, William Baumol, Harold Price Professor of Entrepreneurship and academic director of Stern’s Berkley Center for Entrepreneurship and Innovation, was honored for his most recently published book, The Microtheory of Innovative Entrepreneurship.

In September, NYU Stern generated more than 1,000 media hits. Stern faculty were featured for their views on a number of topics including the threat of a double dip recession, the challenges facing the Eurozone, proposed financial regulation and consumer psychology in a variety of prominent media outlets including Bloomberg Businessweek, the Financial Times and The Wall Street Journal. Additionally, in more than 40 op-eds, Stern faculty offered their perspectives on a number of topics including BP and the Gulf oil spill, Tea Party victories, the trajectories of foreign economies and recommended priorities for reform.

Professor Stephen Brown, David S. Loeb Professor of Finance at NYU Stern, was selected by the Australian Research Council (ARC) as a member of Research Evaluation Committee for the Excellence in Research Australia (ERA) initiative for 2010. The Research Evaluation Committee, consisting of 149 internationally recognized scholars, will be evaluating every academic discipline within all Australian universities.

The US Departments of Housing and Urban Development, and the Treasury, are convening policymakers, industry groups, private industry participants, and citizen advocacy groups to discuss the policies and goals of housing finance reform. NYU Stern Professor of Economics Lawrence J. White, a former bank regulator who served as a Board Member of Freddie Mac, is a conference panelist and available for interviews.

On September 22, Robin Chase spoke candidly to an audience of aspiring entrepreneurs about how she grew Zipcar into the world’s largest car-sharing service. As part of the David & Rose Himelberg Speaker Series, the event was hosted by NYU Stern’s Berkley Center for Entrepreneurship & Innovation.

More than 450 NYU students, alumni and researchers gathered, standing-room-only, in Paulson auditorium on September 21 to hear about this year’s Entrepreneurs Challenge.

Second quarter corporate earnings reports showing strong growth from luxury retailers such as Neiman Marcus and Tiffany indicate that high-end brands, vs. mass market retailers, are leading in the economic recovery. Academic and industry experts explain why and discuss the future of the global luxury sector.

In September, NYU Stern hosted WIN – Workshop on Information in Networks – to bring together leading researchers across disciplines studying ‘information in networks.’ The conference was attended by speakers and participants from top companies and universities, including Google Research, HP Labs, IBM, Carnegie Mellon University, Columbia University, Harvard University, MIT, NYU Stern, Stanford University, University of Cambridge, and University of Pennsylvania.

 Sinan Aral, Assistant Professor of Information, Operations and Management Sciences, has been selected as a 2010 PopTech Science Fellow. Professor Aral joins a handful of other extremely high potential, socially engaged working scientists who view science as an essential way of thinking, discovering, understanding and deciding, and who can effectively communicate their work and its importance to the public.

Despite the greatest economic crisis since the Depression, retailers saw revenues from e-commerce increase in 2009, signaling a shift from bricks to clicks. By 2014 U.S. online retail sales are forecasted to increase to $250 billion and the web influences 46 percent of offline purchases.

The Stern Hedge Fund Association (SHFA) joins the ranks of NYU Stern’s some 40 MBA student clubs this fall. “As the hedge fund industry continues to grow and seek talent with graduate degrees, the SHFA will serve as a gateway for current MBA students to learn about the hedge fund industry,” explains Agata Rzamek, CAIA, club co-president. “The club will also facilitate networking between current students and alumni and other professionals in the field.”

In August, NYU Stern generated nearly 900 media hits. Stern faculty were featured for their perspectives on a number of topics including the threat of a double dip recession, the financial reform bill and the economic recovery in a variety of prominent media outlets including Bloomberg, the Financial Times and Forbes. Additionally in some 30 op-eds, Stern faculty offered their perspectives on the floods in Pakistan and banking reform, and shared lessons from the Great Depression.

In a new study, the first and largest of its kind, NYU Stern Professor of Marketing Scott Galloway, Dean of The George Washington University School of Business Doug Guthrie, and a team of experts evaluated and ranked 100 US Senators’ Digital IQ® including website strength, social media following and sentiment, digital marketing aptitude and search engine optimization skills. The results reveal that Republican Senators are savvier online and are acquiring likes and followers at a greater velocity than Democratic Senators.

 Anindya Ghose, Assistant Professor of Information, Operations and Management Sciences, and four NYU colleagues were awarded a five-year, $2.9 million grant from the National Science Foundation’s prestigious and highly competitive IGERT (The Integrative Graduate Education and Research Traineeship) program for research. The award is to pursue the research and teaching of security and privacy issues on the Internet and other critical information infrastructures.

On August 2, NYU Stern hosted Timothy Geithner, US Secretary of the Treasury, who gave his first public remarks since the enactment of the Wall Street Reform and Consumer Protection Act. The Secretary addressed the core principles that will guide the implementation of these historic reforms.

In July, NYU Stern generated more than 800 media hits. Stern faculty were featured for their perspectives on a number of topics including the threat of a double dip recession, the financial reform bill and Greek public debt in a variety of prominent media outlets including Bloomberg, the Financial Times and Forbes. Additionally in 35 op-eds, Stern faculty offered their perspectives on Goldman Sachs and the SEC, AIG’s problems and the Eurozone economy.

The Stern Campus Greening Initiative, led by MBA student Sarah Driansky (above), received a $10,000 grant from The Brita Products Company for their proposal to install 25+ water bottle filing stations in NYU campus buildings. The grant is provided by the College FilterForGood Eco-Challenge www.filterforgood.com/ecochallenge/, which challenges college students to make their campuses more sustainable.

On July 19, Lawrence White, Arthur E. Imperatore Professorship in Entrepreneurial Studies and Deputy Chair of the Economics Department at NYU Stern, testified at the Community Reinvestment Act (CRA) hearing held jointly by the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision. Professor White has previously written on the CRA, which was created in 1977 to reduce discriminatory credit practices against low-income neighborhoods.

Statistics show that green-lighting a movie script that fails to produce profits at the box office can lead to financial ruin for studios – close to negative 50% ROI for unsuccessful films. On the upside, box office hits can produce more than 200% ROI.

Each year, Microsoft Research appoints seven fellows to its prestigious Faculty Fellowship Program, which seeks nominees who are advancing computing research in novel directions, and who demonstrate the likelihood of becoming thought leaders in the field. Sinan Aral, Assistant Professor of Information, Operations and Management Sciences, was chosen this spring as a Microsoft Faculty Fellow, having competed with nominees from all over the world.

NYU Stern faculty are available to provide commentary on the Dodd-Frank Wall Street Reform and Consumer Protection Act up for final vote in the Senate.

Nomura Professor of Finance Jeffrey Wurgler received a 2010 Rising Star in Finance Award. The award was presented at a conference at the Rochester Institute of Technology held in June.