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Bargain with Feelings – By Julianna Pillemer
"Negotiations are often a very emotional matter. Sometimes the feelings overflow. In 2011, the sale of a three million dollar brownstone building in New York's Greenwich Village district threatened to fail due to an old washing machine. The sellers had removed the device from the house two days before the contract was signed. Stephen Raphael, the lawyer for the owners, said in an article in the 'New York Times' that the buyers had been annoyed before: 'They had to improve their offer and accept many disadvantages. The washing machine broke the barrel.'"
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The Need of the Hour -- Both Fiscal and Financial Stability - By Viral Acharya
Professor Viral Acharya op-ed: "The Need of the Hour -- Both Fiscal and Financial Stability."
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Income Inequality is Changing You from the Inside Out – A Post COVID-19 Perspective - By Haran Segram
"The pandemic is amplifying all of the detrimental effects of sustained income inequality. To combat this looming societal crisis, redistribution policies are the most effective and efficient ways to ensure a just future for all."
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Is the Almighty Dollar Slipping? - By Nouriel Roubini
"The recent sharp depreciation of the US dollar has led to concerns that it may lose its role as the main global reserve currency. After all, in addition to the US Federal Reserve’s aggressive monetary easing – which threatens to debase the world’s key fiat currency even further – gold prices and inflation expectations have also been rising."
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Handbook of Regression Analysis With Applications in R, 2nd Edition - By Jeffrey Simonoff
Handbook of Regression Analysis with Applications in R, Second Edition is a comprehensive and up-to-date guide to conducting complex regressions in the R statistical programming language. The authors’ thorough treatment of “classical” regression analysis in the first edition is complemented here by their discussion of more advanced topics including time-to-event survival data and longitudinal and clustered data.
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From ‘Rock’ to Wreck - By Ronni Burns
"From my small perch, as a coach, a colleague, a family member, a neighbor, a friend, a citizen and a college professor, I have seen sturdy, strong men and women, people others would call “rocks” become wrecks, in the last few months. Many didn’t initially recognize that it was the COVID-19 wall they had crashed into and left them feeling vulnerable and confused."
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How Facebook Fails To Fight QAnon - By Michael Posner
"Last week, Marjorie Taylor Green easily won a Republican Congressional primary in Georgia and is likely to be elected in November to represent Georgia’s 14th Congressional District. Green is a deeply divisive candidate, who has delivered a steady stream of inflammatory attacks on Muslims, immigrants, African Americans, and Jews. She also is an avid supporter of QAnon, which occupies a dark corner of the internet, and whose followers believe that there is a worldwide network of Satan-worshiping pedophiles who control politicians and the media. With over a dozen Congressional candidates expressing support for QAnon, its growing collection of misguided and often hateful content poses an emerging threat to our democracy. Its explosive growth also underscores the inadequacy of Facebook’s efforts to address this type of political disinformation."
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If You Like Lockdowns, You’ll Love the Carbon-Free Future - By Paul Tice
"The climate-change movement is taking advantage of the Covid-19 pandemic, equating it with the “existential crisis” of man-made global warming. While praising the current display of unilateral government action as a model for addressing climate change, many environmentalists and liberal politicians have also called for a surge in government spending on renewable energy projects. The 2020 Democratic Party platform champions “decarbonization” as the best way to “build back better” from the coronavirus."
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Why Corporate Purpose Statements Often Miss Their Mark - By Christopher Michaelson
"In extraordinary times, a statement of purpose can serve as an organization’s anchor. A clear reminder of a company’s core identity grounds employees, customers, and other stakeholders, who may feel adrift — enabling them to focus on addressing critical problems. Most recently, the coronavirus pandemic has prompted the world to reconsider what work and which organizations are essential to society’s function. And unrest over social injustice has led many organizations to reflect on their role in promoting diversity, equity, and inclusion. These important initiatives will be most effective if they involve a close examination of purpose."
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Making a Better Business Case for ESG - By Tensie Whelan
"As COVID-19 kills and sickens millions of people around the world, it is also stress testing many institutions and cultural norms, among them companies and their compact with society. It's an extraordinary challenge joining many already connected deeply to the business world, from economic inequality to racial injustice to climate change. When questioned about their role in responding to deep-rooted problems facing all of society, companies often indicate that they can't afford to invest in environmental protection, strong employee compensation, or other elements of a social issue because they must return sufficient profits to shareholders."
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Grants vs. Loans, but Equity is the Need of the Hour - By Marti Subrahmanyam
In a joint op-ed, Professor Marti Subrahmanyam suggests that the European Union needs to create a Pandemic Equity Fund to provide equity to profitable businesses all across Europe.
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America’s Public Pension Challenges Can Be Fixed. Canada Is Proof. - By Ingo Walter
"There are about 5,300 public pension funds in the U.S. today, overseeing some $4 trillion in assets. The 25 largest account for more than half the total. The rest of the market is highly fragmented, with thousands of public pension portfolios managed independently and locally. Fragmentation results in less efficient portfolios and higher operating costs, potentially leading to lower net returns and ultimately a greater funding burden on taxpayers. Especially given the impact of Covid-19 on public finances, there must be a better way."
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Euro Area Bank Bailout Policies After the Global Financial Crisis Sowed Seeds of the Next Crisis - By Viral Acharya
"When considering interventions in the banking sector during crises, governments can either use system-wide or bank-specific measures (Farhi and Tirole 2012). Bank-specific measures can be grouped into three categories (Pazarbasioglu et al. 2011) – (1) guarantees, (2) capital injections, and (3) asset restructuring/resolution – the implementation of which induces different fiscal costs (Stavrakeva 2020)."
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Can Entrepreneurship Be Taught in a Classroom? - By Ashish Bhatia and Natalia Levina
"In early April, a Thai student in our entrepreneurship class saw a shortage of high quality, low cost hand sanitizer across Thailand. To support the Covid relief effort and generate revenue, he quickly shifted his family’s medical supply company to sanitizer production. Closer to home, when Dollaride, a business incubated in NYU’s Future Labs, recognized that the pandemic had eliminated demand for their shared commuting van business in New York, they refreshed their business model to leverage their existing vans, technology, and routes to support burgeoning package delivery demands."
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COVID-19 Is Beating Trump - By Michael Spence
"Given the stark differences between US President Donald Trump and Joe Biden, his presumptive Democratic challenger, the outcome of the November presidential election will have far-reaching implications not only for the United States, but also for the rest of the world. So should we brace for four more years of Trump, or is change coming?"
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