Experience Stern | News & Events

Excerpt from Bloomberg -- "'We are reaching the limits of what monetary policy can do and we have to have the use of fiscal policy,' Roubini said."

Excerpt from PayScale.com -- "The results of this research indicate that when co-workers are at the same status level, they are less likely to support one another than when they have a little more distance between them. Perhaps this is because these employees feel competitive with one another, or they feel that it wouldn't be fair to them and their time to help someone who is in roughly the same place as they are. Similarly, when someone's status is very distant, they are less likely to help out as well. There is, however, a kind of sweet spot where co-workers are most likely to support one another and offer help – a moderate status distance."

Excerpt from Reuters -- "In his new book, 'The End of Alchemy', Mervyn King argues that financial crises arise because people hold mistaken beliefs about an uncertain future. 'Crises don't come out of thin air,' he writes, 'but are the result of unavoidable mistakes made by people struggling to cope with unknowable futures.'"

Excerpt from CBS News -- "'Many large corporations truly believe the administration's attitude on corporate mergers is anti-business and politically motivated,' said Roy Smith, a professor at New York University and a former Goldman Sachs partner, in an email. 'Those more left-leaning think government has to protect the people from greedy corporations, etc. There is no agreed answer to the question. But it seems to be true that the Obama people are more restrictive on M&A than the (Bill) Clinton people were.'"

Excerpt from Bloomberg -- "I would say that part of the yen's strength, and is also the same thing with the euro, has to do with what's going on with the United States. The Fed has gone very dovish. They've now signaled that they're going to hike only, at best, twice a year. Even some Fed governors were talking down the dollar."

Excerpt from The Economic Times -- "I think that increasingly countries are interconnected. If there is a correction in the US, you are going to see it ripple through the globe and you are going to see larger impacts in emerging markets and developed markets. So Indian markets are less about the Indian economy than they used to be, they are all connected to the global economy and that is why these negative interest rates in Europe and Japan are problematic because they are sending a signal about future growth that is not good for the global economy."

Excerpt from the International Business Times -- "'In 10 years there may be no more stock exchanges and far fewer banks and so forth. All of these things can be made 90 percent cheaper by introducing this technology,' said David Yermack, chairman of the finance department and a professor at New York University Stern School of Business. 'Financial services are going to get a lot cheaper for most people.'"

Philip Krim, co-founder and CEO of Casper, joined Professor Jeffrey Carr, MBA students and alumni for a 2015-2016 Langone Speaker Series event.

On Friday, April 8, NYU Stern and Columbia Business School will co-host the 2016 MBA Media & Entertainment Conference.

On April 4 and 5, the NYU Stern Urbanization Project and UN-Habitat released the preliminary results of Monitoring Global Urban Expansion, a research program exploring the characteristics of the world’s 4,230 cities, at the Habitat III Thematic Meeting on Public Space in Barcelona, Spain. 

Excerpt from Inc. -- "Based on our own research last summer during the NYU Launchpad Program, when we talked to hundreds of potential users--we even put up a lemonade stand in Washington Square Park--60% of those who didn't have tattoos wanted to get one but didn't. They are into fashion or think it's cool, or hip...people are hungry for ink and not getting it because of its permanence."

Excerpt from Women's Wear Daily -- "'It will be the end of the billion-dollar brand. By trying to mean something to more people, the luxury brand [actually] means less to [everyone],' he concluded. That thought is predicated on the view that luxury is about having something that no one else has, even though that inherently also means fewer sales. 'Shifting from large megabrands to small specific brands will disrupt every facet of the fashion industry,' Lenihan concluded."

Excerpt from Forbes -- "Attempts to shield students from words, ideas, and people that might cause them emotional discomfort are bad for the students. They are bad for the workplace, which will be mired in unending litigation if student expectations of safety are carried forward. And they are bad for American democracy, which is already paralyzed by worsening partisanship. When the ideas, values, and speech of the other side are seen not just as wrong but as willfully aggressive toward innocent victims, it is hard to imagine the kind of mutual respect, negotiation, and compromise that are needed to make politics a positive-sum game."

Excerpt from Forbes -- "The challenge is to know what to look for when stepping outside your native market, be able to quantify the downside risk, and implement the required strategy in each of the new markets. In a new book, 'Global Vision,' by NYU Stern School of Business scholar and leader Robert Salomon, I finally found some great insights on what to look for, and how to make the necessary changes."

Excerpt from ABC.net -- "What I find odd about the present situation is that having controlled inflation and got away from the world in which we had 15%, 20% inflation, now people are getting paranoid about the fact that inflation is instead of being 2% is maybe only 1. Or horror of all horrors, it's 0. And this is a disaster in some sense. Now I find this utterly incompatible with the original intention of inflation targeting."

Excerpt from China Radio International -- "It doesn't seem the taxes set up will make them prohibitively expensive. One thing that's important to keep in mind is that there tends to be much less sensitivity to price in the luxury goods market. So if you were talking the Louis Vuitton bag, or something like this, I don't think that a 10% or 17% value-added taxes is going to make a difference for the type of consumers who look to consume those luxury goods."

Excerpt from Inc. -- "Founded in 2014 by a team of New York University students, Ephemeral is developing a unique tattoo ink that gives consumers the option to safely, easily and effectively remove unwanted body art. The startup, which expects to have a finalized product within 12 to 18 months, was founded by Joshua Sakhai, 19; Seung Shin, 22; Anthony Lam, 22; Vandan Shah, 27; and Brennal Pierre, 34. It has already won other competitions, including an NYU Stern competition that earned it $75,000."

Excerpt from Bloomberg -- "Edward Altman, New York University professor and creator of the widely used Z-Score method for predicting bankruptcies, has also forecast rising U.S. defaults this year, saying in January that recession could follow even with a rate of less than 10 percent, given the increase in debt since the financial crisis."

NYU Stern has established the Advancement of Women in Business Scholarship Fund, thanks to the generosity of Nomi Ghez, PHD GSAS '76/ADCRT '81.

Excerpt from The Australian Financial Review -- "Another perspective on alternative assets comes from Stephen Brown of Monash University and the Stern School of Business at New York University. Brown highlights a 60/40 stock/bond portfolio has a 10-year annualised return of 6.6 per cent against 5.6 per cent for hedge funds. Despite this, Brown advocates a small allocation towards hedge funds (5 per cent) and says they do reduce financial risk."

Excerpt from Seeking Alpha -- "I spoke to Professor Rosa Abrantes-Metz at the New York University Stern School of Business. She is the leading expert on globe price manipulation. She actually testifies in some of these gold manipulation cases that are going on. She wrote a report reaching the same conclusions. It's not just an opinion, it's not just a deep, dark conspiracy theory. Here's a PhD statistician and a prominent market expert lawyer, expert witness in litigation qualified by the courts, who independently reached the same conclusion."

Excerpt from Kellogg Insight -- "Waytz’s research, in collaboration with Eileen Y. Chou of the University of Virginia, Joe C. Magee of New York University, and Adam D. Galinsky of Columbia University, examines how being highly placed in a social hierarchy affects loneliness."

Excerpt from RT -- "Well, I would disagree that the sharing economy is reaching a dead end. I think that the process that we're seeing is simply a natural outcome of experimentation at the early stages of a phenomenon. So today's sharing economy are sort of early stage instances of a much broader transition in the economy. We're inventing a new way of organizing economic activity. Any time that happens, different companies will experiment with different ways of sort of fulfilling the dream, and some of them will succeed and grow on to be big and some of them won't."

Excerpt from The Huffington Post -- "The bottom line: international experience suggests that negative interest rates, at least as low as we are seeing today and (in some places) significantly lower, will become a permanent part of the monetary policy toolkit. If that’s right, we need not worry quite so much whether a 2% inflation target is too low."

On April 4 and 5, NYU Stern hosted the sixth edition of the Blockchain Workshops series, which brought together more than 100 scientists, investors and legal experts to understand the upcoming challenges and opportunities provided by blockchain technologies, and their impact on financial services and entrepreneurship, as well as on the broader social, economic and political order.