Experience Stern | News & Events

Excerpt from Financial News -- "Corporate cash has become a potential source of flight capital in the marketplace, taking account of the failure of the super-committee to strike a deal on reducing the country’s debt."

Excerpt from Donga.com -- "Professor Daniel Altman at New York University Stern School of Business put the revival of the U.S. as the first of 12 trends that will reshape the global economy, based on the American people’s consumption power."

Excerpt from Technology Digital -- "These incidents are putting retailers 'in the black' -- as the companies compete for customers in a weak economy, said Jacob Jacoby, an expert on consumer behavior at New York University." Additional coverage appeared in Care2.com and Gamer.blorge.com.

Excerpt from Bankrate.com -- "A recent study regarding low-volatility stocks, by Malcolm Baker of Harvard University and Jeffrey Wurgler of New York University in the Financial Analysts Journal, shows low-volatility stocks are less risky and have a higher return than the overall market." Additional coverage appeared on Fox Business and OurBusinessNews.com.

Excerpt from Benzinga.com -- "The economists George Akerlof and Paul Romer wrote an article about accounting control fraud entitled 'Looting: the Economic Underworld of Bankruptcy for Profit.' They concluded the article with this passage about the criminogenic environment produced by S&L deregulation in the 1980s."

Excerpt from Reuters -- "Slowly but steadily, consumers are exploring more normal ways of returning to a more normal pattern when it comes to borrowing habits."

Excerpt from Holyrood.com -- “It’s no wonder that voters’ outrage over exorbitant executive pay is mounting. After all, the government just had to bail out financial firms that paid big bonuses last year to many of the same executives who helped precipitate the current financial crisis."

Excerpt from CNN -- "Hundreds of millions of people in the developing world have entered the global labor force which is in an - an increasingly a great global economy." Additional coverage appeared in Orlando Sentinel, The Boston Globe, and Los Angeles Times.

Excerpt from Associated Press -- "There's the notion of scarcity — when something's scarce it's more valued. And a resource that can be very scarce is time: If you don't get there in time, it's going to be gone." Additional Coverage appeared in The Wall Street Journal, TwinCities.com, PressHerald.com, The Washington Post, USA Today, Hawaii Tribune, CBC.ca, AZCentral.com, Politico.com, NBC New York, Yahoo! News, Freep.com, among other outlets.

Excerpt from Bloomberg -- “Banks don’t give lines of credit to corporations for free ... Why should all these government guarantees and liquidity facilities be for free?”

Excerpt from The Wall Street Journal -- "This is a classic example of one bank acquiring another bank and coming up with some old records as a result."

Excerpt from Newsday -- "The bigger the line and the earlier the line forms implies that there's a good deal, said Tom Meyvis, associate professor of marketing at New York University's Stern School of Business." Additional coverage appeared in AM New York.

Excerpt from Barron's -- "New York University finance professor Baruch Lev admits to being thankful for 'our divided government and do-nothing Congress.' Lev adds, 'With a unified Congress, we would have stringent climate-change laws, higher taxes on millionaires and billionaires, and public-employee pension-fund bailouts.'"

Excerpt from The Wall Street Journal -- "Acronyms may be catchy, says Richard Bernstein, chief executive of Richard Bernstein Advisors, 'but anytime you hear one, you have to wonder what part of the story hasn't been told.'"

Excerpt from Associated Press -- "Authors as varied as the economist Robert H. Frank (1999's 'Luxury Fever') and the political theorist Benjamin R. Barber (2007's 'Consumed') have ganged up on what they see as the particularly unequal and excessive American spending habits." Additional coverage appeared in The Wall Street Journal.

Excerpt from Financial Times -- "Nouriel Roubini, economics professor at New York university, points out that the failure makes a double-dip recession as soon as next year likely as it results not only in automatic cuts that begin in 2013 but also endangers other measures that were to be part of the compromise."

Excerpt from CNBC -- "The U.S. market is the best house on a bad block. The dollar has been telling you this for awhile."

Excerpt from CNBC -- "I'm jealous. I'd love to have this problem, you know, having people noticing my hair was a little misplaced."

Excerpt from Arab News -- "One of the main ideas of the book is that individual interests expressed in free markets do not always produce outcomes that are best from the perspective of the group. This Darwinian understanding of the competition, according to the author, is currently lacking in our view of things."

Excerpt from Yahoo! Finance -- "The contagion has now gone viral, cross Atlantic and global." Additional coverage appeared in Business Insider, Forbes, and The Wall Street Journal blog.

Excerpt from Bloomberg -- "Whether his recent rise in the polls is lasting or not, Newt Gingrich has already shifted Campaign 2012 for the better. The feisty former speaker of the House has reminded us through his debate performances that knowledge is an important part of a president’s work." Additional coverage appeared in Brainerd Dispatch, New York Post, NewsMax.com, and Bloomberg Businessweek.

Excerpt from Benzinga.com -- "Dr. Altman developed the widely-used Altman Z-score, which was initially designed to estimate the probability of a firm defaulting. Recently, he has reworked his metrics to apply them toward analyzing sovereign risk."

Excerpt from The New York Times -- "Few people actually want to shop in the wee hours, and the purchases that do occur then are presumably offset, dollar for dollar, by reduced sales during normal business hours." Additional coverage appeared in The Washington Post, Wicked Local, Forbes, Telegraph.co.uk, Business Insider, Newser.com and The New American.

Excerpt from Reuters -- "Fourteen out of 20 prominent academics, former policymakers and independent thinkers polled over the last 10 days agreed the euro zone's make-up would change."