NYU Stern
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  • bloomberg logo feature
    Excerpt from Bloomberg -- "The big challenge is this transition we're in. Many Americans prepared themselves, with society's input, for a world of work that's moving away from them. And so we have labor markets that are out of long-run equilibrium, where the skills on the supply side don't match what the demand side is asking for. And there's no perfect solution to this, but, for people of all ages, we have to help people close that gap."
  • politico logo feature
    Excerpt from Politico -- "In an article on July 25, the Nobel Laureate economist Michael Spence put it this way: '[A]t this moment in history, the main threats to prosperity … are the huge uncontained negative spillover effects of regional tensions, conflict, and competing claims to spheres of influence. The most powerful impediment to growth and recovery is not this or that economic imbalance; it is a loss of confidence in the systems that made rising global interdependence possible.' A claim of this sort can’t be quantified – but it worries Spence, and it worries me."
  • marketplace radio logo feature
    Excerpt from Marketplace -- "'Asking for full payment is totally appropriate,' he says. The original owners of a country’s securities are ill-equipped to negotiate when those countries renege on their commitments, and the vultures have the appetite and ability to play hardball. Like vultures in the wild, vulture funds may serve an important ecological purpose. 'They provide in the case of distressed assets a liquidity that simply wouldn’t be there,' he says."
  • bloomberg businessweek logo feature
    Excerpt from Bloomberg Businessweek -- "[Biggs] got to know the insurance business as chairman and chief executive officer of Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, better known as TIAA-CREF, from 1993 to 2002. Now he’s an executive in residence at New York University’s Stern School of Business and the co-editor with Stern economist Matthew Richardson of a new book, Modernizing Insurance Regulation."
  • reuters logo feature
    Excerpt from Reuters -- "A very strong argument for regulatory change is demonstrating that you're valuable, demonstrating that you're creating value for society."
  • OZY logo
    Excerpt from OZY -- "After four years when no bank would touch it, Greece was able to borrow abroad by issuing 5-year bonds at 4.75 percent interest, raising 3 billion euros. A booming tourism industry — occupancy rates are up by 25 percent — has helped the economy return to timid growth but doesn’t provide a long-term solution. Foreign investment? Just a dream. 'Greece has not yet convinced investors that it is at a stage of recovery,' says Nicholas Economides, professor of economics at NYU and UC Berkeley."
  • SC Magazine Logo
    Excerpt from SC Magazine -- "Katharine Kendrick, policy associate at the Center for Business and Human Rights at NYU Stern School of Business, told SCMagazine.com in a Wednesday interview that 'one of the most promising things in the bill is that it adds back in the second on transparency' that didn't appear in the House bill."
  • marketwatch logo feature
    Excerpt from MarketWatch -- "'This new act would lead to greater price confusion and would be a big step backward,' [Morwitz] says. 'The most important piece of information consumers need to know is how much the air ticket will cost them in total and whether they can afford it,' Morwitz says. Airlines break down the total cost of the ticket during the booking process, she adds."
  • World Economic Forum Logo
    Excerpt from World Economic Forum -- "Sustainable companies also are promoting greater economic participation of women, and combating corruption by embedding rule of law principles in their operations and initiatives. Taking this broader view of business sustainability is important both because it’s the right thing to do, but also because it serves a company’s long-term commercial interests."
  • forbes logo feature
    Excerpt from Forbes -- "Through examining the timing of company news and CEO’s absences from its headquarters, Yermack found that companies’ news frequency level is significantly lower when the CEOs are out of office for vacations. Therefore investors can get valuable signals about upcoming news events by tracking down the company’s corporate jet record and the chief executive’s vacation plan."
  • Mashable Logo
    Excerpt from Mashable -- "'[Amazon] put downward pressure on prices because Amazon was always trying to lower e-book prices. Publishers were always trying to prevent that from happening because it lowered the perceived value of books,' said Arun Sundararajan, a professor at New York University who specializes in digital economics."
  • iam magazine logo
    Excerpt from IAM Magazine -- "The paper’s authors analysed the prosecution histories of 2.15 million patent applications filed at the USPTO between 1996 and 2005. Overall, of the applications filed in that timeframe, 55.8% resulted in patent grants without the use of continuation procedures. However, Hegde, Carley and Marco also found that allowance rates declined significantly over that time period, from 70% in 1996 to just 40% in 2005."
  • quartz logo
    Excerpt from Quartz -- "Compensation plans like these originated in the go-go days of the 1980s, as US corporate raiders perfected the art of the hostile take-over. David Yermack, a finance professor at New York University, says that managers were often loathe to give up their job, even if a deal made sense, so golden parachutes were created to take managers’ personal financial situation out of the picture, so they wouldn’t protect themselves while their companies stumbled."
  • luxury daily logo feature
    Excerpt from Luxury Daily -- "When Chinese interact with Western retailers, they often complain about translation and shipping issues, miscalculation of prices and fees and inability to pay in RMB. Alipay, a product established in China and designed to respond to the demographic particularities of the Chinese consumer is positioning itself as the only product that can bridge East and West to make online shopping easy and enjoyable. Also, Alipay provides a new opportunity to Western retailers to increase their presence in the Chinese market without having to physically move there."
  • cctv logo
    Excerpt from CCTV -- "Susan Stehlik is a Professor of Management Communication at NYU Stern. She says what is key to a business’s success is diversity of all kinds. 'Just because a business is owned by a woman, doesn’t mean it is going to be successful. When you have diverse teams – and the research shows it, experience shows it – you have better decision making because you’re not just reflecting each other’s opinion, you’re actually challenging it.' She says asking the tough questions in business leads to better solutions in an increasingly global and diverse world."
  • wall street journal logo feature
    Excerpt from The Wall Street Journal -- "The cost of propping up China’s banks in the event of a financial crisis have nearly quadrupled in the past three years to $526.2 billion, the largest of any banking system, according to the latest analysis by the Volatility Laboratory at New York University’s Stern School of Business."
  • xinhua logo feature
    Excerpt from Xinhua -- "In the eyes of Thomas J. Sargent, 2011 Nobel laureate in economics, Kashgar as a post along the Silk Road Economic Belt is no less important now than in ancient times. Sargent has visited many countries along the Silk Road, but it was his first time in northwest China's Xinjiang Uygur Autonomous Region over the weekend, as he attended a two-day international forum on the Silk Road Economic Belt. The forum focused on the development of central Asia."
  • forbes logo feature
    Excerpt from Forbes -- "Best-case corporate uses of Pinterst include a mix of company generated pins (some of prior blog posts), and curated customer generated content the company screens and chooses. Pinterest provides another way to deliver branded content that target customers will want to read, because it can help them in their jobs and personal lives, and is relevant and interesting."
  • bloomberg logo feature
    Excerpt from Bloomberg -- "Will it work? Probably not. And the same reason why we don't buy products or shop online when we're in a bar, why you're not in a commerce orientation when you're on vogue.com... A lot of stores opened on Facebook in 2012 and the majority of them closed in 2013. We're just not in a buying mood when we're looking at our friends' kids' pictures... What it probably is is a trojan horse to get your credit card number. Because once you have someone's credit card number, you're much further down the funnel in terms of things you can offer them and make it very seamless and frictionless for them to buy something."
  • forbes logo feature
    Excerpt from Forbes -- "Less speculative appraisals suggest a lower number; a fine-mined analysis by Aswath Damodaran, a finance professor who teaches equity valuation at NYU's Stem School of Business, pegged Uber's intrinsic worth at $6 billion."
  • business insider logo feature
    Excerpt from Business Insider -- "While the Fed (or any central bank) does sometimes make generic (and opaque) statements about overall market valuations, it is unusual for it to be this specific about individual sector valuations. In my view, it not only over stepped its bounds but strayed far from its expertise, which is not valuation."
  • marketplace radio logo feature
    Excerpt from Marketplace -- "'For there to be trades, there have to be differences of opinion,' says Lawrence White, a professor of Economics at the NYU Stern School of Business. 'Somebody has to think, "It’s a good time to buy!" and somebody else has to think, "It’s a good time to sell!" When trading volumes are lower, it just means there’s less diversity of opinion, more consensus.'"
  • wall street journal logo feature
    Excerpt from The Wall Street Journal -- "In research recently published in Strategic Management Journal, a trio of business-school professors from New York University, Harvard University and the University of Southern California examined the effect that Craigslist had each time it launched in a different local market, from 2003 to 2008. The online-classifieds company is a popular online marketplace for fans looking to buy and resell tickets. They found that after Craigslist launched in a given vicinity, regardless of the market size or geographical location, promoters generally reacted by raising prices along with booking smaller venues or taking other measures to get shows closer to selling out. It is generally more profitable to sell out a venue with fewer seats at higher prices than to sell only a portion of the available tickets at a bigger venue."
  • quartz logo
    Excerpt from Quartz -- “Detroit is a long way from Dhaka, but the American city’s effort to address blight offer lessons for cleaning up the garment sector in Bangladesh. Released in May, the Detroit’s Blight Removal Task Force’s plan (pdf) offers a practical vision for addressing the more than 78,000 dilapidated buildings that are the primary obstacle to the city’s growth and vitality. In the year since the factory collapse in Dhaka, which killed more than 1,100 garment workers, brands and policymakers have focused on improving inspection in a subset of factories producing for the export market. … The next important step for Bangladesh—and the brands and retailers that depend on the country’s apparel sector—is developing a comprehensive plan for relocating, closing, and fixing factories. Here’s where Detroit can help.”
  • project syndicate logo feature
    Excerpt from Project Syndicate -- "The global economy is a far more highly interconnected place than it was 40 years ago. The cross-border flows of goods, information, people, and capital that are its lifeblood rely on a threshold level of safety, stability, and predictability. It is this threshold that appears to be under threat. Continued economic progress in the developing world and recovery in the developed countries requires preventing local and regional conflict from delivering large systemic shocks."

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Contact NYU Stern Public Affairs

If you're a member of the press, please contact Stern’s Office of Public Affairs at:

Phone: 212-998-0670
Fax: 212-995-4950
Email: paffairs@stern.nyu.edu

Or contact us directly:

Joanne Hvala, Associate Dean
(212) 998-0995; jhvala@stern.nyu.edu

Jessica Neville, Executive Director
(416) 516-7677; jneville@stern.nyu.edu

Rika Nazem, Director
(212) 998-0678; rnazem@stern.nyu.edu

Carolyn Ritter, Senior Associate Director
(212) 998-0624; critter@stern.nyu.edu

Anna Christensen, Associate Director
(212) 998-0561; achriste@stern.nyu.edu

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