Experience Stern | News & Events

Excerpt from Bloomberg -- "In 1812, all of the top five companies, and nine of the top 10, were banks. ... The finance sector made up 44 percent of the 500 largest corporations and 72 percent of all the authorized capital that year."

Excerpt from Financial Times -- "The recent Greek debt restructuring illustrates how the empty creditor phenomenon may lead some players to attempt to derail a debt workout highly beneficial to the entity, and to its ordinary (i.e., non CDS-holding) lenders."

Excerpt from Livemint -- "Given how crowd-funding has fuelled innovation and entrepreneurship elsewhere, it’s only right that policymakers in India start to deal with crowd-funding in a serious way."

Excerpt from Forbes -- "We’ve also had more recent economists such as William Baumol showing us that it just isn’t the invention of new things which increases wealth, it’s the use of those new things which does."

Excerpt from New York Magazine -- "At the vanguard of this movement is Jonathan Haidt, a moral psychologist whose best-selling new book, The Righteous Mind, collects his own experiments—testing biases, prejudices, and ­preferences—and the work of like-minded colleagues to unmask much of our political 'thinking' as moral instinct papered over, post facto, with ideological rationalization."

Excerpt from Fox News -- "I think there will be a time when coins will be something just for a museum. Probably not in my lifetime, perhaps in my 16-year-old son's lifetime where the electronics will get so easy, so cheap that even when you want to go to the local candy store and just by 17 cents worth of candy you use a credit card."

Excerpt from Christian Science Monitor -- " ... high heels are an example of the kind of pointless competition that Robert Frank highlights in his recent book, 'The Darwin Economy.'"

Excerpt from The Wall Street Journal blog -- "'Girouard’s leaving Google now is less serious than it would have been a couple years ago,' Sundararajan said. Girouard was such a strong presence in evangelizing Google’s cloud the last five years that CIOs of small and large businesses alike are comfortable with the platform and strategy, he added."

Excerpt from The New York Times -- " ... even when unconstrained, price movements are often insufficient to clear markets, as pointed out by George Akerlof, A. Michael Spence and Joseph Stiglitz in work that garnered them the Nobel Prize."

Excerpt from The New York Times Dealbook blog -- " ... it is worth reading a study by Thomas Philippon and Ariell Reshef of the National Bureau of Economic Research, which traces industry wages over the last century. Its conclusion might not surprise you: financiers, to put it plainly, were overpaid."

Excerpt from The New York Times -- "Tom Meyvis, an associate professor of marketing at the New York University Stern School of Business, warned, however, that although running-shoe buyers might say they care where merchandise was made, 'in a concrete shopping situation, a lot of ideals don’t matter that much anymore. Features such as price and design have a bigger impact.'"

Excerpt from Bloomberg -- "'As long as JPMorgan cuts its ties, it is no longer involved,” said Roy Smith ... 'Its public reputation may be affected for a while but its reputation with clients for competence, professionalism and integrity is likely to survive unchanged.'"

Excerpt from The Times of London -- "David Yermack, a finance professor at New York's Stern School of Business, reckons that public companies go into a kind of purdah when their bosses are on holiday. News announcements drop by 40 per cent."  Additional coverage appeared in another Times of London piece.

Excerpt from Financial Times -- "'Japan had a Great Recession, and a Great Stagnation, but it never had a Great Depression,' [Roubini] says. 'But recession in some euro zone countries could become a depression, just like the 1930s.'"

Excerpt from The Huffington Post -- "Gomory, who is co-author of the book 'Global Trade and Conflicting National Interests,' pointed out: 'With unbalanced trade, we are consuming more than we produce and that cannot go on without us being poor and in debt to everyone else.'"

Excerpt from Financial Times -- "The eurozone still lacks essential features of monetary unions that have stood the test of time; and planned reforms may exacerbate latent fiscal, banking and external imbalances, leaving it less, rather than more, resilient to regional shocks."

Excerpt from Fortune -- "In a paper published in 2009, NYU Stern School of Business professor April Klein looked at 151 activist hedge fund targets between 2003 and 2005. She found that out of those 151 targets, activist shareholders received a seat on the board about 44% of the time."

Excerpt from Global Finance Magazine -- "Pay for the ratings with advertising. This could be lucrative if ratings agencies were to publish their ratings on a website in real time and the ads were online, notes Lawrence White, an economics professor at the NYU Stern School of Business."

Excerpt from Financial Times -- " ... the US Treasury market after the end of the Second World War ... yields on long-term Treasuries hovered around 2 percent. 'This was the crest of the 26-year bull bond market,' write Sidney Homer and Richard Sylla in 'A History of Interest Rates.'"

Excerpt from Harvard Business Review -- "The economist Paul Romer is credited with leading the new growth theory, which holds that growth has no natural limits because the capacity for technological innovation is unlimited. Investments in human capital increase rates of return, in his view."

Excerpt from CNN -- " ... every known religion has some sort of rite or procedure for taking people out of their ordinary lives and opening them up to something larger than themselves. It was almost as if there was an "off" switch for the self, buried deep in our minds, and the world's religions were a thousand different ways of pressing the switch."

Excerpt from The New York Times -- " ... even when unconstrained, price movements are often insufficient to clear markets, as pointed out by George Akerlof, A. Michael Spence and Joseph Stiglitz in work that garnered them the Nobel Prize. This outcome is particularly likely in markets where both sides of an economic transaction have differing sets of information, like in the credit market."

Excerpt from All You Magazine -- "Research [by Professor Priya Raghubir] shows that you might be less likely to break a $50 bill for a spur-of-the-moment purchase than smaller currency."

Excerpt from Barron's -- "'Income taxes were quite low, and most people didn't pay them at all,' says Richard Sylla, professor of economics and financial history at NYU's Stern School of Business. Wages were much lower, too."

Excerpt from Fox News -- Professor Aaron Tenenbein discussed the recent Mega Millions jackpot in an exclusive interview with Fox News.