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Italy’s Slow-Motion Euro Train Wreck - By Nouriel Roubini
The arrival in power of a populist, Euroskeptic government in Italy has focused investors’ minds like few other events this year. The yield differential, or spread, between Italian and German bonds has widened sharply, indicating that investors view Italy as a riskier bet. And Italian equity prices have fallen – particularly in domestic bank shares, the best proxy of country risk – while insurance premia against a sovereign default have increased. There are even fears that Italy could trigger another global financial crisis, especially if a fresh election becomes a de facto referendum on the euro.
—- Biography: Professor Nouriel Roubini
- Department: Economics
— Opinion
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Open Innovation Model Furthers Innovation at NASA - By Hila Lifshitz-Assaf
NYU Stern Professor NYU Stern Professor Hila Lifshitz-Assaf’s research paper “Dismantling Knowledge Boundaries at NASA: The Critical Role of Professional Identity in Open Innovation,” provides an in-depth analysis of a three-year crowdsourced innovation initiative at U.S. National Aeronautics and Space Administration (NASA).
—- Biography: Professor Hila Lifshitz-Assaf
- Department: Information, Operations and Management Sciences
— Research Highlights
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A Study of NASA Scientists Shows How to Overcome Barriers to Open Innovation - By Hila Lifshitz-Assaf
Open innovation processes promise to enhance creative output, yet we have heard little about successful launches of new technologies, products, or services arising from these approaches. Certainly, crowdsourcing platforms (among other open innovation methods) have yielded striking solutions to hard scientific and technological problems.
—- Biography: Professor Hila Lifshitz-Assaf
- Department: Department of Information, Operations and Management Sciences
— Opinion
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Fossil-Fuel Divestment Is Futile - By Paul H. Tice
The fossil-fuel divestment campaign has made its way from the campus quad to Wall Street. Watch for disruptions at Wednesday’s annual meeting of Exxon Mobil shareholders.
—- Biography: Executive in Residence Paul Tice
— Opinion
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Six Things That Surprise Me About The Starbucks Response - By Dolly Chugh
As a social psychologist, I know how hard it is to do unconscious bias training well. After all, we do not yet have the research-based “solution” everyone is always asking for. So when Starbucks decided to close 8000 stores for unconscious bias training of almost 175,000 employees, I had a lot of questions.
—- Biography: Professor Dolly Chugh
- Department: Management and Organizations
— Opinion
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Effects of Copyrights on Science - By Petra Moser
With digitisation, the costs of distributing new research, textbooks, and other types of knowledge has become negligible. In principle, people across the world could now have access to a new research paper within minutes of its publication. Yet copyrights, which grant publishers exclusive rights to content for nearly 100 years, create enormous access costs. These costs are high enough to prevent people outside of universities and wealthy institutions from accessing new research.
—- Biography: Professor Petra Moser
- Department: Economics
— Opinion
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How the intention to share photos can undermine enjoyment - By Alixandra Barasch
Though people both take and share more photos than ever before, we know very little about how different reasons for taking photos impact people’s actual experiences. For instance, when touring a city, some people take photos to share with others (e.g., to post on Facebook), while others take photos for themselves (e.g., to remember an experience later on). Will those who take photos to share enjoy the experience more or less than those who take photos for themselves? How do people’s goals for taking photos impact their enjoyment of photographed experiences?
—— Opinion
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Initial Coin Scams - By Nouriel Roubini
Initial coin offerings have become the most common way to finance cryptocurrency ventures, of which there are now nearly 1,600 and rising. In exchange for your dollars, pounds, euros, or other currency, an ICO issues digital “tokens,” or “coins,” that may or may not be used to purchase some specified good or service in the future.
—- Biography: Professor Nouriel Roubini
- Department: Economics
— Opinion
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The T-Mobile-Sprint Merger Isn’t Really About 5G - By Nicholas Economides
Sprint and T-Mobile are trying to justify their recently announced merger by claiming that the combined company would be able to invest in 5G service. Yet no matter how much T-Mobile CEO John Legere and Sprint CEO Marcelo Claure push this justification for their merger, it doesn’t make any sense.
—- Biography: Professor Nicholas Economides
- Department: Economics
— Opinion
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India’s AI Strategy Should Be to Create a Data Infrastructure - By Vasant Dhar
Hardly a week passes without yet another story about the Artificial Intelligence race between China and the US. China has allocated massive funding to AI to enable new capabilities in transportation, surveillance and weapons.
—- Biography: Professor Vasant Dhar
- Department: IOMS
— Opinion
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Impediments to Effective Altruism - By Alixandra Barasch
When choosing which charities to donate to, individuals will prioritize personal preferences, even when presented with more effective donation alternatives, according to new joint research from Professor Alixandra Barasch.
—— Research Highlights
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Senior Leaders Fail to Connect Useful Workers Together - By Gavin Kilduff
New research from NYU Stern Professor Gavin Kilduff, Blaine Landis, Martin Kilduff and Jochen Menges finds that powerful bosses can be “blind” to gaps in workplace connections between employees.
—- Biography: Professor Gavin Kilduff
- Department: Management and Organizations
— Research Highlights
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Where Does the ECB Go From Here? - By Mervyn King
I once congratulated Mario Draghi on his performance as president of the European Central Bank, telling him he had made only one mistake. “What’s that?” came the instant question. “Taking the job,” I replied.
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My point was that by the time Draghi was appointed, the ECB could no longer hope to be a conventional central bank, if indeed it ever had been. Instead it had to serve as a highly political organization, compelled to stand in for the absent finance ministry of an incomplete political union. That’s an assignment no unelected central banker should relish.- Biography: Lord Mervyn King
- Department: Economics
— Opinion
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We Need a Plan to Stop Polluting Space Before It’s Too Late - By Amy Webb
There is a lot of junk floating out in space, and it’s a problem we’ve been talking about, in fits and spurts, since the 1960s.
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Space junk was the topic of my middle school futurists' society challenge. That year, three friends and I mapped the probable timeline and implications of all the broken bits of dead spacecraft and orbital clutter, writing scenarios about how all that garbage would eventually make it difficult to launch new satellites. Our solution: an enormous net, connected to an Earth-based, rocket-powered launching and landing system.— Opinion
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Five Years After Rana Plaza - By Stern Center for Business and Human Rights
A new report from the NYU Stern Center for Business and Human Rights, "Five Years After Rana Plaza: The Way Forward," expands on its previous research explaining what has made many garment factories in Bangladesh dangerous and offering steps forward for making them safer.
—— Research Highlights