Experience Stern | News & Events

Excerpt from Investment Weekly News -- "When we allow returns to be predictable and introduce wealth shocks calibrated to labor income, transaction costs are able to produce per-annum liquidity premia that are the same order of magnitude as the transaction cost spread."

Excerpt from CNBC -- "'The reality is that we are headed toward a recession and we are running out of policy bullets,' Roubini told CNBC in an interview."  Additional coverage appeared in Forbes, Livemint, OnWallStreet.com, Barron's, NASDAQ, Forex News Now, GulfNews and Forexdice.

Excerpt from CNNMoney -- "'In the emerging markets, the risk is overheating,' says Alexi Savov, a professor at New York University's Stern School of Business."

Excerpt from Bloomberg -- “There isn’t going to be an easy political consensus on injecting capital into the banking sector.” Additional coverage appeared in GulfNews.

Excerpt from Bloomberg TV -- "Nobel laureate Michael Spence spoke yesterday in Hong Kong with Bloomberg's Robyn Meredith about the outlook for the global economy." Additional coverage appeared in The Washington Post, two Bloomberg pieces, CityWire, two San Francisco Chronicle pieces, Market Oracle and FXStreet.com.

Excerpt from Corporate Compliance Insights -- "Nov. 1 will mark the 20th anniversary of the Federal Sentencing Guidelines for Organizations, and of the expectations that they created concerning compliance and ethics programs."

Excerpt from the San Francisco Chronicle -- "Aswath Damodaran, Professor of Finance at the Stern School of Business at New York University, calculated the average tax rate of various business sectors using public financial statements." Additional coverage appeared in FInancial Edge.

Excerpt from Business Recorder -- "I don't think there's much he can do about it. We need fiscal stimulus and monetary policy has done as much as it could do."

Excerpt from VoxEU.org -- "A useful review of such strategies is provided by Acharya et al (2009); the IMF (2010) highlights the importance of recognising tail risk in financial stability analysis."

Excerpt from Bloomberg -- "This week, we looked at the so-called Congressional Effect, the phenomenon whereby stocks rise more when Congress is out of session. The data underlying that effect suggest that active government chills markets."

Excerpt from Reuters -- "'Mr. Buffett is a very shrewd investor and is not altruistic at all. The terms he gets are very favorable to him,' said Richard Bernstein."

Excerpt from Xinhua News -- "Stiglitz was awarded the Nobel Economics Prize in 2001 together with George Akerlof and Michael Spence for their analyses of markets with asymmetric information."

Excerpt from NASDAQ -- "Robert Engle, who was awarded the 2003 Nobel Prize in economics, said Friday that the U.S. 'hasn't learned the lessons of 1929,' and that the U.S. economy needs more short-term stimulus to recover."

Excerpt from NBC -- "Start putting 15 or $20 a month into that Roth IRA retirement account. You'll benefit from the compounding interest and watch your money grow."

Excerpt from the Financial Times -- "Robert Lucas ... and Chicago colleagues, along with others such as Edward Prescott and Thomas Sargent, are the founders of the programme known as 'dynamic stochastic general equilibrium' (DSGE), which dominates teaching and research in macroeconomics."

Excerpt from The Huffington Post -- "Or to echo Ralph Gomory, former president of the Sloan Foundation and head scientist at IBM, America's response to the Chinese challenge requires an alignment of the interests of its companies with the interest of the country."  Additional coverage appeared on NewDeal20.org.

Excerpt from Reuters -- "'The real question is, despite their early apparent success maintaining the client relationships they had, are they going to be able to hang on to all that?' Smith said."  Additional coverage appeared on CNBC.

Excerpt from BigThink -- "In their recent paper The Single Bottom Line, Altman and Berman argue that companies need to evaluate their social and environmental efforts in terms of their impact on the classic, single bottom line – profit."

Excerpt from CNBC -- "A third round of quantitative easing by the Federal Reserve is coming by year end, influential economist Nouriel Roubini told CNBC Thursday."  Additional coverage appeared in Forbes, Business Insider, Creditwritedowns.com, Forex news Now, First Post and Toronto Star.

Excerpt from The New York Times -- "A. Michael Spence, the winner in 2001 of the Nobel Memorial Prize in Economic Science and the former dean of the Stanford Graduate School of Business in California, will be the chairman of the academic board."  Additional coverage appeared in The Standard, Associated Press, Financial Times blog, BusinessDay and more than 50 additional outlets.

Incorporating advice from others can improve decision making, yet all too often, powerful people ignore it, according to new research from NYU Stern Management Professors Kelly E. See and Elizabeth W. Morrison, along with co-authors Naomi B. Rothman of Lehigh University and Jack B. Soll of Duke University.

Excerpt from States News Service -- "Tuck valuation expert Anant Sundaram has collaborated with Stern school’s Aswath Damodaran to create a new valuation app called uValue for all levels of investors."

Excerpt from Forbes -- “'Once you’re in a position of power, it tends to make you more confident in your decisions,' explains See."

Excerpt from Bloomberg TV -- "Eugene Munster, analyst at Piper Jaffray Cos., Scott Galloway, professor at New York University, Alan Deutschman, a professor at the University of Nevada, Reno, and Om Malik, founder of the technology blog GigaOM, talk about Steve Jobs's resignation as chief executive officer of Apple Inc." Additional coverage appeared on Bloomberg TV and two Washington Post pieces.

Excerpt from Forbes -- "We examine whether investors benefit from 'selective access' to corporate managers, which we define as the opportunity for investors to meet privately with management in individual or small-group settings."