Experience Stern | News & Events

Excerpt from Costa Rica Star -- "Romer proposes that the new city have a governing charter made up of the best political and economic rules from around the world. Partner nations would provide oversight, guidance and more."

Excerpt from CNN -- "Unlike China, India is a free-market democracy.... One way I certainly think the country can build its infrastructure aggressively is by involving the private sector more…. [The government] needs to pursue these public-private partnerships as actively as they can."

Excerpt from Forbes -- "Over the last dozen years New York University has held a marathon competition that now includes students, faculty and alums for the best startup ideas... Past winners include Dennis Crowley, cofounder of Dodgeball and Foursquare, and Ben ­Silberman, cofounder of Pinterest."

Excerpt from Forbes -- "In a series of five experiments, Blader and Chen demonstrate that it is status in the workplace, rather than power, that motivates people to act fairly. 'In other words,' says Blader, 'although power and status are often thought of as two sides of the same coin, they in fact have opposite effects on the fairness of people’s behavior.'"

Excerpt from The New York Times Magazine -- "In accounts of men in battle, there is an incredible adrenaline rush from group-versus-group conflict. The fervor and passion of partisans is clearly rewarding; and if it’s rewarding, it involves dopamine; and if it involves dopamine, then it is potentially addictive. Put that together with the repeated finding that extreme partisans are happier than average and centrists are less happy, and the picture emerges that just as a bird gotta fly, a fish gotta swim — a human gotta be a part of some group competing with other groups to fully flourish and feel alive."

Excerpt from Life's Little Mysteries -- "'A rivalry in this kind of context is apt to benefit these swimmers' motivation and performance,' said Gavin Kilduff, an assistant professor at New York University who studies the causes and consequences of rivalry. In fact, the swimmers could be boosting each other's performances by as much as 2 percent."

Excerpt from Bloomberg -- "The expectations for the stock have gotten ahead of the performance."

Excerpt from New York Daily News -- "'Mobile apps are enabling new businesses to emerge and thrive,' Ghose said. 'You can potentially have your entire business resolving around apps.'"

Excerpt from Los Angeles Times -- "'Ron Paul is part of a long tradition of challenging the central bank's right to exist,' Sylla said. 'I'm suggesting there is more to the Paul bill than just Congress' legitimate need to know what the Fed is doing.'"

Excerpt from US News & World Report -- "'We've never undone this. The first time we try to exit from these policies, we're going to be learning what that process is like,' says Kim Schoenholtz, director of the Center for Global Economy and Business at NYU's Stern School of Business. 'The Fed seems to be confident that it can do so, but having never done so, one should naturally be cautious about potentially unintended consequences.'"

Excerpt from Bloomberg -- "How to ensure that a damaging scandal won’t happen again? The answer seems straightforward: Wherever feasible, benchmarks for financial contracts should derive from actual transactions, not surveys, as is the case with Libor."

Excerpt from Fast Company -- "In a recent study the economists Arun Sundararajan (of NYU’s Stern school) and Ravi Bapna (of Carlson School of Business at the University of Minnesota) noted that the program has been successful in enrolling Indians who didn’t have any form of ID at all. These newly registered Indians have until now been excluded from banking services, government aid, and numerous other facilities that demanded identification."

Excerpt from Reuters -- "'The bottom line is that they have to get smaller so they can manage better,' said Roy Smith, a finance professor at New York University's Stern School of Business. 'They have to give up the idea of being a universal bank holding company that jams together businesses that have nothing to do with each other.'"

Excerpt from Xinhua -- "If you're able to quiet down the markets, then I think the Spanish economy will have enough time to recover from this recession and go back to a path of growth. That's one of the reasons why politicians have been trying to gain some time but it's becoming clear that time is coming to an end."

Excerpt from Bloomberg -- "Facebook officials will need to convey confidence without making promises they can’t keep, said Baruch Lev, a professor at New York University Stern School of Business and author of 'Winning Investors Over: Surprising Truths About Honesty, Earnings Guidance, and Other Ways to Boost Your Stock Price."

Excerpt from Bloomberg Businessweek -- "'Coming from a investment banking practitioner’s background, he provides practical advice and truly cares about the students. [Murphy] is always available for students to stop by and ask any questions or concerns that we might have.'"

Excerpt from The New York Times Magazine -- "Good news, Shermans: according to a new study, people with easier-to-pronounce surnames occupy higher positions in law firms, particularly 4 to 15 years out of law school, when the likelihood of making partner is most variable."

Excerpt from Barron's -- "'They have always advertised at the Olympics, but the climate is just different now,' says Hal Hershfield, assistant professor of marketing at the NYU Stern School of Business. He think this kind of backlash could spread to the US"

Excerpt from Bloomberg -- "Most of the banks have failed since 2009 to earn a return that exceeds their cost of capital, said Roy Smith, a finance professor at New York University’s Stern School of Business and a former Goldman Sachs partner. The impact of new capital requirements and legislation such as the 2010 Dodd-Frank Act is having a more profound effect on profitability than managements seem willing to acknowledge, he said."

Excerpt from Project Syndicate -- "A significant equity-price correction could, in fact, be the force that in 2013 tips the US economy into outright contraction. And if the US (still the world’s largest economy) starts to sneeze again, the rest of the world – its immunity already weakened by Europe’s malaise and emerging countries’ slowdown – will catch pneumonia."

Excerpt from NY1 -- "'For most small businesses, it's important to remember that most cost increases get passed on to customers,' said Joseph Foudy of the NYU Stern School of Business. 'Anything you do to increase the cost of employees, in most cases, will increase the cost of the goods they are selling.'"

Excerpt from Council of Foreign Relations -- "It distorts trust in the marketplace if you can't trust the rates at which banks are lending to one another,' says Thomas Cooley of New York University's Stern School of Business. "

Excerpt from Bloomberg -- "Plaintiffs would face difficulties, such as proving how much money they lost, said Roy Smith, a finance professor at New York University’s Stern School of Business and a former Goldman Sachs partner. Because Libor rates excluded some of the highest and lowest estimates, it may be hard to calculate which firms were culpable for influencing the outcome, he said."

Excerpt from Fortune -- "'The more rivals you have in the workplace, the more you have a chance of being undermined and being ruined in some instances,' says Seth Freeman, professor of negotiation and conflict management at NYU and Columbia."

Excerpt from NBC News -- "Murphy also said the planned 'clawback' of millions of dollars in bonuses from executives and employees at JPMorgan involved in the bank's misguided trading strategy could go a long way toward changing attitudes on Wall Street."