Experience Stern | News & Events

Excerpt from Reuters -- "'Uber is adopting the shock-and- awe strategy,' said finance professor Aswath Damodaran at New York University's Stern School of Business. 'I think it's a very high- risk strategy.'"

Excerpt from Commercial Observer -- "Before Congress grapples with the difficult task of how to define the geographical area that qualifies as a TEA, it must first update its vision for the program. And this raises many questions. Does Congress wish to encourage investment in rural and depressed areas? Does it care where the workers live? Does it matter whether the jobs likely would have been created even if the program didn’t exist?"

NYU Stern's Center for Global Economy and Business hosted Timothy F. Geithner, 75th secretary of the US Department of the Treasury and president of Warburg Pincus, for a talk and Q&A session on October 5.

Excerpt from The New York Times -- "'This time last year few politicians were paying attention to the work force that powers these start-ups, and now they’re trying to figure out how to protect them,' Professor Sundararajan said."

Excerpt from The Economist -- "Researchers at Wharton Business School, Columbia University and New York University wrote an identical e-mail to 6,500 professors, ostensibly from students wanting to meet the academic. White men got notably more responses than other groups; Asian-Americans of both sexes got fewer."

Excerpt from BBC -- "... if you look at the overall statistics, what's basically happened is Asia has traded places with the European Union in terms of its share of world income. That's the positive in terms of growth. ... [Asia is] still at just 30% of European Union per capita income, and despite faster growth, that might increase to 40-42% by 2030."
 

Excerpt from The Huffington Post -- "...businesses can start on a new course in one day that will change them forever. All it takes is a willingness to embrace new ways of thinking."

Excerpt from The New York Times -- "Eduardo Dávila, an assistant professor of finance at New York University’s Stern School of Business who has studied these taxes, issued an additional important reminder: All too often, these discussions forget about the good that the new tax revenue could do. In this instance, Senator Sanders wants to use it for free public college education."

Excerpt from TechDay -- "Figure out exactly what you want to do, and relentlessly go after it. Some folks might be disciplined and hardworking enough to recruit for more than one industry, but I believe you're a lot more likely to land your target job if you focus."

Excerpt from CNBC -- "Eventually, Uber's most powerful weapon in these battles that they fight in different cities is to sort of amass sufficient consumer support after they sort of establish that they are in fact like, you know, a good service in a particular city. So it's not surprising to me that like, you know, they've taken the approach of, sort of grassroots rather than high powered lobbyist."

Excerpt from Project Syndicate -- "First, some of these conflicts may yet lead to an actual supply disruption, as in 1973, 1979, and 1990. Second, civil wars that turn millions of people into refugees will destabilize Europe economically and socially, which is bound to hit the global economy hard. And the economies and societies of frontline states like Lebanon, Jordan, and Turkey, already under severe stress from absorbing millions of such refugees, face even greater risks."

Excerpt from The Washington Post -- "'Amazon, Google, Facebook and Apple are all bumping up against each other as their businesses are becoming more and more similar,' said Scott Galloway, a professor who teaches marketing and branding at New York University's Stern School of Business. He noted that Amazon's move is not the first barb these firms have thrown at each other; Apple's move to block ads on its phones, for example, was seen as a way to undercut Google's advertising business."

Excerpt from The Huffington Post -- "Bitcoin has prompted many people to expect a revolution in the means by which we make and settle everyday payments. Our view is that Bitcoin and other 'virtual currency schemes' (VCS) lack critical features of money, so their use is likely to remain very limited."

Excerpt from Exame -- "'Modi had a clear path to proceed with his agenda in Parliament,' says Indian economist Pankaj Ghemawat... 'Since President Dilma Rousseff is already in her second term and is currently very unpopular, she is not in a position to push a lot of policy changes.'"

Excerpt from CCTV -- "I don't think there was ever a Euro crisis in the sense of, the European, like a currency crisis. The Euro as a currency was always very stable. It has never moved very low against the Dollar. And I don't think it's going to, I think it's going to remain more or less where it is. There was a crisis of confidence within Europe about banks and some sovereign countries. But as a currency, I think the Euro has been stable and will remain stable."

The Right Honourable Gordon Brown, former Prime Minister of the United Kingdom, presented a talk entitled "Making Strides: Seven Years After the Global Financial Crisis" to more than 100 students from NYU’s Stern School of Business, the School of Arts & Sciences, the School of Professional Studies, Wagner School of Public Service and Steinhardt School of Culture, Education and Human Development this fall.

Excerpt from NDTV -- "'Technologically-driven solutions fall short in addressing an issue that is inherently social in nature,' said one of the researchers Anindya Ghose from New York University Stern School of Business in the US. 'Instead of engaging in a technological rat race with extremists, we should consider incorporating critical literacies - including digital media, anti-racism and social justice - into school curricula as an alternative strategy,' Ghose noted."

The Leadership Development Initiative welcomed Daniel Schwartz, CEO of Restaurant Brands International, for a fireside chat on September 29 as part of the Leadership Development Speaker Series.

Excerpt from Cliffs Notes -- "As a teacher, my goal is to enable [students] to accomplish great things. Education is such an important tool to solving social problems. That's why I teach."

Excerpt from BusinessBecause -- "'We’re seeing some companies that were traditionally considered to be in the financial services space — including MasterCard and American Express — expand their recruiting efforts into the digital, product or innovation space,' says Roxanne Hori, associate dean of corporate relations and career services at NYU Stern School of Business."

Excerpt from Project Syndicate -- "The truth is that the Internet-led process of exploiting under-utilized resources – be they physical and financial capital or human capital and talent – is both unstoppable and accelerating."
 

New research from Carlson School of Management Professor Jason Chan and NYU Stern Professors Anindya Ghose and Robert Seamans finds that broadband availability increased the incidence of racial hate crimes committed by lone-wolf perpetrators in the United States during the period 2001-2008.

Excerpt from TIME -- "In a talk earlier this year, Scott Galloway of research firm L2 explained why this is such a big deal for Nike. 'There is a tectonic shift taking place in apparel, the second-largest consumer category in the world. Essentially, people are moving from denim to sweatpants,' he said. 'It sounds minor but it’s a huge trend in a gigantic industry.'"

Excerpt from Forbes -- "'When a company is trying to reposition itself, for example from being a value brand to a more prestigious brand, this change must also get reflected in its packaging from being more basic to being fancier,' says NYU’s Raghubir. 'A great example is when Tropicana went the other route, of simplifying its package design, and there was a consumer backlash. Consumers do infer quality from the package.'"

Excerpt from Financial Times -- "'It isn’t like there were all these hugely profitable lending opportunities out there in the economy that banks didn’t take advantage of … the statement by banks that the reason they were not lending more is because there were no additional profitable lending opportunities appears to hold true, at least in the credit card market. We can see that in the data.'"