Experience Stern | News & Events

Excerpt from CBS News -- "The chance of your winning if you don't play is zero, but the chance of your winning if you do play is about the same."

Excerpt from U.S. News -- "Ghose has also observed significant demand from job recruiters for analytical skills. 'Most companies understand that there is some value in business analytics and big data, but they just don't have, often, the in-house skills to do something with that,' he says."

Excerpt from CNBC -- "The fiscal cliff is on everybody's radar but I think it's not the only thing that needs to be on our radar because I think that the situation in Europe could actually turn out to be just as damaging for the US economy as the fiscal cliff."

Excerpt from BBC -- "It's a temporary deal. It's not perfect. It's a compromise. It gives more time to Greece to improve things but ultimately I think we will find ourselves in the same spot in a few months or in a year."

Excerpt from the Washington Post -- "If our leaders want to be statesmen rather than panderers, they need to do the same. Pledges to protect this or that group from all sacrifice are as counterproductive as pledges never to raise taxes. President Obama and Speaker Boehner should develop shared language to convey to the American people the severity of our problems and the need for all Americans to make some sacrifices."

Excerpt from Barron's -- "AQR Capital’s Andrea Frazzini and New York University’s Lasse H. Pedersen have a new paper on the subject of 'embedded leverage.' The term refers to options contracts or exchange-traded funds where leverage is built into the product."

Excerpt from Reuters -- "'We don't think twice about having the best surgeon or the best engineer or the best mathematician. Having the best central banker is not a bad idea,' said Kim Schoenholtz, director of the Center for Global Economy and Business at New York University, and a former chief economist at Citigroup."

Excerpt from the Washington Post -- "The book offers behind-the-scenes accounts of Volcker’s time at the Department of Treasury and the Federal Reserve. It also chronicles his resolve and independent thinking during times of crisis."

Excerpt from the Economist -- "The stockmarket is not as short-sighted as some people think. Amazon is not the only firm it has rewarded for taking the long view, notes Baruch Lev of New York University’s Stern School of Business."

Excerpt from The New York Times -- "'Out of the $8.8 billion, I’d be very surprised if more than a couple of billion was due to accounting improprieties,' said Aswath Damodaran, a professor of finance at New York University’s Stern School of Business."

Excerpt from The Huffington Post -- "Humans are better at focusing on the moderate, specific, localized devastation of a major earthquake than on the great but murky devastation that global warming will bring in the middle part of the 21st century."

Excerpt from Bloomberg BusinessWeek -- "William Baumol, 90, a professor of entrepreneurship at New York University’s Stern School of Business isn’t letting his age stop him from writing new books. His latest, published by Yale University Press, is The Cost Disease: Why Computers Get Cheaper and Healthcare Doesn’t (@NYUStern, 11/19)."

Excerpt from CNBC -- "'Until now, the recessionary fiscal drag has been concentrated in the euro zone periphery and the U.K.. But now it is permeating the euro zone’s core,' Roubini wrote."

Excerpt from Business Insider -- "Aswath Damodaran, the legendary NYU finance professor, has a knack for drawing excellent comparisons between current events and the markets. A month ago, he used investors’ expectations to demonstrate how investors were either Orioles or Yankees fans. In the aftermath of Hurricane Sandy, he now has some sound advice for dealing with unexpected, disruptive shocks in the market."

Excerpt from Project Syndicate -- "As consumers, firms, and investors become more cautious and risk-averse, the equity-market rally of the second half of 2012 has crested. And, given the seriousness of the downside risks to growth in advanced and emerging economies alike, the correction could be a bellwether of worse to come for the global economy and financial markets in 2013."

Excerpt from the Associated Press -- "There's also the famous analogy of Princeton economists William Baumol and William Bowen from the 1960s, that college teaching is akin to a string quartet. No matter how technology improves, a string quartet simply can't be performed (well) by fewer people than in Beethoven's day."

Excerpt from Luxury Daily -- "Ironically, Harry Winston’s Web site design is aligned with the retailer’s loss of direction. The cleanliness of the site is inconsistent with the allure expected from Harry Winston."

Excerpt from Bloomberg -- "'The economic contraction used to be in the periphery of the euro zone,' Roubini said in a speech in Mainz, Germany, today. 'It is spreading now to the core of the euro zone. For example, it is quite clear that France is entering a recession.'"

Excerpt from Bloomberg -- "There are three elements of a fiscal cliff that are coming up to debate: one is what to do about the budget for 2013, that's the fiscal cliff debate, then there will be a separate debate about the debt ceiling for the United States, and then the two parties, Democrats and Republicans, they have to reach an agreement also over the medium term fiscal consolidation to reduce the deficit over the next 5-10 years so there are three separate situations in which the two parties are going to be fighting about this budget."

Excerpt from YourStory -- “My advice to them would be care about analytics. In a world where top level strategy doesn’t matter so much any more, what is going to matter is given the data sets that are being generated, invest in resources within your company to mine that data using tools to identify trends and usage patterns.”

Excerpt from Marketplace -- "Joe Magee, a professor at NYU’s Stern School of Business, notes that history skips over most corporate leaders, with the rare exception of company founders and business icons."

Excerpt from Foreign Policy -- "'You might, for example, compare different moderators' work against each other,' says Ipeirotis. 'So, if you're worried about cultural biases, you can take five moderators from different regions and get blended input on an image.'"

Prasanna ("Sonny") Tambe, Assistant Professor of Information, Operations and Management Sciences, was awarded a $401,624 grant from the Alfred P. Sloan Foundation. The three-year grant is to provide funding for research on the “Economics of Information Technology Labor Markets Using Administrative Datasets.”

Excerpt from The Huffington Post -- "I think most Americans, including most Republicans, would reject the Trojan Horse gift if they knew what was inside it."

Excerpt from Techonomy -- "... you may not be connected to the peer economy, but because it is disrupting industries that are heavily regulated, it is something that you should pay attention to. Because the case law that will be the precedent for future answers to the question, 'is a digital intermediary liable for actions that are taken on its platform,' is probably going to happen in the next decade with these peer economy platforms."