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  • luxury daily logo feature
    Excerpt from Luxury Daily -- "'[This] campaign is not about engaging with consumers. It is about inspiring consumers, teasing them, making them get curious, igniting interest,' said Thomaï Serdari, Ph.D. brand strategist and adjunct professor of marketing at New York University, New York. 'After all, luxury, especially in such conceptual form and not as a product to be displayed and acquired, is a top-down reality.'"
  • – Faculty News

    Prof. Prasanna Tambe discusses the IT labor market

    November 4, 2014
    wired logo feature
    Excerpt from WIRED -- "'IT work is not strictly siloed away from the rest of the organization anymore, so it’s becoming harder to think of it in this geographically separate way,' says Prasanna Tambe, an associate professor at NYU’s Stern School of Business, who researches the IT workforce."
  • economic times logo feature
    Excerpt from Economic Times -- "It would be irresponsible to answer in favour of more or less globalisation without first having a clear understanding of how globally-connected India is. On November 3, the DHL Global Connectedness Index 2014 was released. This provides a unique 3-D view of the globalisation of 140 countries’ trade, capital, information and people flows. It measures their Depth (relative to domestic activity), their (geographic) Distribution and their Directionality (inward versus outward). India ranks 71st out of 140 countries on its overall level of global connectedness, down from 68th two years ago. Its overall middle-of-the-pack ranking, however, masks major weaknesses – or, untapped opportunities."
  • harvard business review logo feature
    Excerpt from Harvard Business Review -- "The index is compiled by Pankaj Ghemawat, a professor at NYU’s Stern School of Business and the IESE Business School in Barcelona, and Steven Altman, a lecturer at IESE. Ghemawat, a frequent HBR contributor, began arguing in 2007, with the book Redefining Global Strategy, that the world isn’t nearly as flat as Tom Friedman said it was."
  • huffington post logo feature
    Excerpt from The Huffington Post -- "Mortgage subsidies through federal agencies are the modern-day version of the Homestead Act. But unlike the land grants of the 19th century, government loan subsidies have proven to be a rather bad idea. They drive up prices and increase the size of the average house, at the same time that they encourage people with little savings and highly variable incomes to purchase homes and shoulder the risks of house price fluctuations. The result -- as we saw in the 'subprime crisis' -- was ruinous for the borrowers, the lenders and the economy as a whole."
  • slate logo feature
    Excerpt from Slate -- "First buy her the book The Righteous Mind: Why Good People are Divided by Politics and Religion by Jonathan Haidt. Hand it to her and say since you’re both in a book club, you thought that this would speak to the problem you two are having about your differing political views. Then say that you would appreciate if she would stop bringing up politics and denigrating your husband. Explain that Haidt shows how people can look across this divide and understand each other better."
  • bloomberg logo feature
    Excerpt from Bloomberg -- "Perhaps [globalization] was never quite what people thought it was a few years ago, because I think a few years ago, the rhetoric was about whether distance was dead, the world was flat, et cetera, and now the rhetoric has shifted to, is globalization over? And what our study points out is both extremes are probably missing the mark. Globalization never was complete, but it did show an uptick last year."
  • financial times logo feature
    Excerpt from Financial Times -- "In Global Perspectives on Enterprise Systems, an NYU elective led by Prof George Smith, our class examined Wedgwood’s life story and the lessons it offered. The course looks to answer some very important questions: why have Britain, the US, Germany and Japan been so prosperous over recent centuries? Why did these countries modernise their economies before their respective peers? Why did their reforms work and what lessons can we draw for other nations today?"
  • strategy and business logo feature
    Excerpt from Strategy + Business -- "Forecasts aside, the results to date are unequivocal: The challenges of doing business abroad are daunting and will remain so. However, business leaders should not be too gloomy. Large untapped opportunities to create value across national borders still exist. In a world of semi-globalization, where markets are only partially integrated, smart strategies can still create big profits by scaling business across borders and arbitraging across international differences, especially when those efforts are coupled with appropriate adaptation to local and national contexts."
  • new yorker logo feature
    Excerpt from The New Yorker -- "The brute fact is that most mergers don’t work. Aswath Damodaran, a finance professor at N.Y.U., has said, 'More value is destroyed by acquisitions than by any other single action taken by companies.'"
  • the point magazine logo
    Excerpt from The Point -- "My law professor was explaining this idea without the jargon—that law school changes how you approach the task of consuming information—and books like The Tipping Point and The Secret Life of Pronouns achieve the same lofty goal. Once you’ve read them, you perceive the same people, places, objects, ideas and concepts through a more sophisticated lens."

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  • economist logo feature
    Excerpt from The Economist -- "[Family businesses] also tend to have better labour relations, according to studies by Holger Mueller and Thomas Philippon of New York University’s Stern business school. This may be because workers are readier to believe promises that they will be rewarded for delivering in the long run, if such pledges are made by founding families rather than outsider bosses who may be gone in a few years."
  • fox business logo feature
    Excerpt from Fox Business -- "My question is, what are you doing at the centralized account level above and beyond just listing all the stuff they've saved and they want to purchase? Are you helping them make better decisions? Are you adding value there?"
  • project syndicate logo feature
    Excerpt from Project Syndicate -- "So the question is whether and for how long the global economy can remain aloft on a single engine. Weakness in the rest of the world implies a stronger dollar, which will invariably weaken US growth. The deeper the slowdown in other countries and the higher the dollar rises, the less the US will be able to decouple from the funk everywhere else, even if domestic demand seems robust."
  • bloomberg logo feature
    Excerpt from Bloomberg -- "Amazon.com Inc. would have to overcome a decade’s worth of falling profitability during the next 10 years to justify its share price, according to Aswath Damodaran, a finance professor at New York University. ...'If the operating margin stays at 7.5 percent or lower, you cannot get above the current stock price' in calculating Amazon’s value in a decade, Damodaran wrote on his Musings on Markets blog."
  • project syndicate logo feature
    Excerpt from Project Syndicate -- "Scientific evidence has eliminated legitimate doubts about the scale of the risks that climate change poses. Now, the Global Commission’s analysis has largely refuted the economic arguments for inaction. Add to that growing public concern about climate change, and the conditions for decisive action may have arrived."
  • policy network
    Excerpt from Policy Network -- "Governments need to understand and embrace this ongoing transition rather than impeding it, realizing that society’s interests are best served if they wield regulatory power to proactively partner with or delegate responsibility to the platforms. In tandem, forward-looking platforms should embrace their new responsibilities, rather than resisting them: participating in the provision of the social safety net is smart capitalism in the long run."
  • new yorker logo feature
    Excerpt from The New Yorker -- "The topics that social psychologists chose to study and how they chose to study them, he argued, suffered from homogeneity. The effect was limited, Haidt was quick to point out, to areas that concerned political ideology and politicized notions, like race, gender, stereotyping, and power and inequality. 'It’s not like the whole field is undercut, but when it comes to research on controversial topics, the effect is most pronounced,' he later told me. (Haidt has now put his remarks in more formal terms, complete with data, in a paper forthcoming this winter in Behavioral and Brain Sciences.)"
  • financial times logo feature
    Excerpt from Financial Times -- "On October 27, Professors Viral Acharya and Sascha Steffen published an alternative estimate, using a different methodology, for 39 publicly listed eurozone banks with a combined balance sheet of €12.5tn (a subset of the banks in the EBA stress test and the ECB’s AQR). They calculated a shortfall of €450bn at the end of 2013 – about 3.6 per cent of assets."
  • – Faculty News

    Prof. Kim Schoenholtz on the Fed's decision to end QE

    October 30, 2014
    new york times logo feature
    Excerpt from The New York Times -- "Kim Schoenholtz, an economics professor at New York University, said the Fed’s bond purchases were particularly effective and important in stabilizing the financial system and stimulating the broader economy in the immediate aftermath of the financial crisis. But he said that the impact of the purchases had diminished as conditions improved, and that it now made sense to end the program. 'I applaud the Fed’s willingness to be aggressive, especially early on in the crisis, and it has made sense for the Fed to run a very accommodative policy,' Mr. Schoenholtz said. 'But we should not be surprised that monetary policy has diminishing returns.'"
  • forbes logo feature
    Excerpt from Forbes -- "It’s brilliant work by economists from the Stern School of Business and Harvard Business School, Alexander Ljungqvist, Joan Farre-Mensa, and John Asker, in an article entitled 'Corporate Investment and Stock Market Listing: A Puzzle?' which compares the investment patterns of public companies and privately held firms. It turns out that the lag in investment is a phenomenon of the public companies more than the privately held firms."
  • daily star logo
    Excerpt from The Daily Star -- "Knowing how the apparel supply chain really operates is the first step toward fixing it. And while this information on its own will not make factories safer, more transparency is a necessary predicate to developing the kind of comprehensive action plan that is urgently needed in Bangladesh."
  • bloomberg logo feature
    Excerpt from Bloomberg -- "I think that what's going to happen is, you end QE and then the question is when do you start lifting rates, and that could be pushed further in the future depending on the data. ... essentially, policy action depends on growth, unemployment, inflation and also global headwinds. And the dollar."
  • washington post logo feature
    Excerpt from The Washington Post -- "When the facts conflict with...sacred values, almost everyone finds a way to stick with their values and reject the evidence. On the left, including the academic left, the most sacred issues involve race and gender. So that's where you find the most direct and I'd say flagrant denial of evidence. I think the results of this study do clearly show that political concerns influence the willingness of sociologists to consider a major class of causal factors in human behavior."
  • baffler logo
    Excerpt from The Baffler -- "Serdari suggests that it is actually the increasing popularity of lower- and mid-level bags that now drives up the cost of higher-level bags. And there’s still a market for them, even at a 150 percent mark-up. Serdari says that, just as existing brands are hiking up their costs to distinguish themselves from the rest, a newly reinvented fashion brand (like Céline) might today choose to produce bags with the most marked increase (at, say, $2,500—up from $1,000 ten years ago)."


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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