Experience Stern | News & Events

Experts from academia, the finance sector, regulatory agencies and legal and accounting professions gathered at NYU Stern on April 4 for a roundtable discussion on "Assessing Materiality: The FASB's Proposed Accounting Standards Update," hosted by the Vincent C. Ross Institute of Accounting Research.

Excerpt from CBC Radio -- "'If we look forward ten years, a healthy double digit percentage of many large economies will be sharing economy activity' he says. He sees a particularly strong role for countries like China, where the emerging middle class '...think about getting a car on demand rather than owning a car, or staying in Airbnb-style accommodation rather than going to a hotel. So the entire model of consumption that they embrace as they become middle class consumers may end up being sharing economy aligned.'"

Excerpt from Bloomberg -- "'The leak and the e-mail exchanges between Tsipras and Lagarde have strengthened the negotiating position of the IMF toward both Greece and the Europeans,' Economides said. 'The IMF has made it even more clear that it will not participate in the program without a debt reduction.'"
 

Excerpt from Boston.com -- "Arun Sundararajan, a business professor at New York University, said the rulings indicate that taxi regulations across the country are in need of updating. 'I see them as part of a process of remaking the way that we regulate paid, chauffeured transportation,' he said. 'I sort of see things like this as an opportunity for a city to say, "OK, now we have to sit down and rewrite this."'"

Excerpt from The New York Times -- "Discrimination is also pervasive in the white-collar world. Researchers found that white state legislators, Democrats and Republicans alike, were less likely to respond to a constituent letter signed with a stereotypically black name. Even at universities, emails sent to professors from stereotypically black names asking for a chance to discuss research possibilities received fewer responses."

Excerpt from Associated Press -- "Scott Galloway, clinical professor of marketing at NYU Stern School of Business, said Apple risked public sentiment turning against the company as people became more informed about the case, and particularly if Apple lost. For now, he said, 'the line isn't going to be any shorter for the iPhone because the FBI in concert with a third party figured out a way to hack into one phone. I haven't heard anybody say "That's it, I'm switching to Samsung."'"

Excerpt from The Real Deal -- "One reason is that EB-5 capital is 'remarkably flexible,' meaning it can be debt or equity, secured or unsecured, and can account for as little as 1 percent of a project’s cost or as much as 100 percent, according to a research paper by New York University professors Jeanne Calderon and Gary Friedland. 'It can contain virtually any features, with few limitations or restrictions imposed by the EB-5 program,' the duo wrote."

Excerpt from Project Syndicate -- "... if current conditions in the advanced economies remain entrenched a decade from now, helicopter drops, debt monetization, and taxation of cash may turn out to be the new QE, CE, FG, ZIRP, and NIRP. Desperate times call for desperate measures."

Excerpt from mbaMission -- "Through Stern Consulting Corps, students can partner on consulting projects with New York City–based nonprofits. And for those who also have the entrepreneurial bug, Stern added a Social Venture Competition—in which participants compete for a $50K prize—to its traditional for-profit $200K Entrepreneurs Challenge."

Excerpt from Ethical Systems -- "Bharara highlighted that collectively, as a society, we see the difficulty of speaking up against higher authorities. In response, there are long-standing legal protections- as early as 1863- when the False Claims Act was promulgated to motivate reporting of cases of fraud against the government, and more recent laws such as Sarbanes-Oxley and the Dodd-Frank Act which provide whistleblower protection."

Excerpt from Marketplace -- "MetLife has always said it’s just an insurance company. Lawrence J. White, professor of economics at NYU’s Stern School of Business, said MetLife has some ground to stand on to argue that it is different from a bank. 'They tend to have more capital which means they are somewhat less leveraged,' he said. ... 'But if they got into trouble, the consequences for the rest of the economy could be substantial,' White said."

Excerpt from CNBC -- "In creating opportunities for businesses to reach consumers directly, Ghose points out that social media has also created opportunities for a wide range of job seekers. He said there is a need for graphic designers who create a platform's look, a need for security specialists who ensure data is protected, a need for app developers for mobile sites and a need for data scientists who mine the platform's data to parse clients whims and wishes."

Excerpt from The Guardian -- "Tensie Whelan, director of New York University’s Center for Sustainable Business, said that while companies should be applauded for switching to BPA-free lining in their cans, they need to make sure they aren’t swapping out one potentially dangerous chemical for another. 'It’ll be critical that they publicly and transparently disclose the substitutes they use and work with scientists, government and civil society to ensure those alternatives are safe as well,' she said."

Excerpt from Fortune -- "With net neutrality ensuring that telecommunications and cable companies will not determine the winner in streaming video, it is now time to experience competition among Netflix, Amazon, Hulu and others, based on their merits, content availability, quality of picture, etc. It is a pity that download caps make video more expensive in wireless competition."

Excerpt from Bloomberg View -- "The book asks deep, difficult questions about the theory and practice of finance and economics, and comes up with interesting answers every time. They're sobering answers too, in many cases, because they show how hard it will be for policy makers to avoid the next crisis."

Excerpt from The Wall Street Journal -- "... a recent study by Jonathan Haidt of New York University showed that 96% of social psychologists identify as left of center, 3.7% as centrist/moderate and only 0.03% as right of center."

Excerpt from The New York Times -- "Scott Galloway, a professor of marketing at New York University’s Stern School of Business, said Amazon would one day go even further by analyzing customer shopping patterns and proactively sending people replenishments of common household items. 'I think that’s where this is all headed,' he said. 'I will get a box once a week with stuff they figure I need.'"

Excerpt from Financial News -- "For a while 2015 looked like a year that would signify the end of the post-crisis slump for the banks: mergers, equities, debt and leveraged buyouts all were firing away, and some predicted that the long wait for a profits recovery would soon be over. But, the first quarter data shows it was not to be. The oil glut rattled stock, debt and currency markets and recession fears forced unexpected credit write-downs."

Thanks to the generosity of NYU Trustee Larry Silverstein, Arts ‘52, New York University Stern School of Business has established the William R. Berkley Scholars Fund, and provides $1 million endowed scholarship to support high-achieving, low-income students admitted to the Undergraduate College.

Excerpt from TopMBA -- "'The financial results of companies that operate in the luxury sector have piqued MBA students' interest. Many more people wish to understand why is it that these companies can weather most financial crises practically unscathed,' reflects Thomaï Serdari, a professor specializing in luxury brands at NYU Stern. She notes that after the school introduced the specialization, there was increasing interest in high-end product development across the board – quality and prestige, it seems, will always out."

Excerpt from The Washington Post -- "Scott Galloway, a professor at NYU's Stern School of Business, said that tech companies 'age in dog years, so the founders are usually still alive. By the time a [consumer-packaged goods] company goes through maturity and decline, they're talking to the grandkids. Some of it is just the pace of the lifecycle.'"

Excerpt from China Radio International -- "I would characterize the response to the negative interest rates as relatively tepid, if you will. The stock market did not jump up as a reaction to that January 29th move, and actually, if anything, the currency strengthened, which is a little unusual to see with the cut in interest rates."

NYU Stern’s Center for Sustainable Business, VICE Media and Collectively co-hosted the Future Jobs Fair on Wednesday, March 30. NYU and Stern students had the opportunity to share their ambitions on the future of work, design their perfect job of the future, and gain insights and skills into what the world of work will look like. 

Excerpt from Bloomberg -- "Well, we follow this in a high frequency way. We have a way of doing our own little stress test that we do for about a thousand banks around the world every week. So we can follow what's happening--how's the capital adequacy look for these banks? And actually you can see it on the Internet on V-Lab. So what do we see? What we're seeing is that Europe has improved its balance sheets moderately. It's particularly true in Germany and Italy. But France and UK have stayed pretty flat, and we're not seeing much improvement there."

Excerpt from Medium -- "You have to see politics as occurring at multiple levels simultaneously. Just as at a university we’ve got psychologists studying individual experiences, we’ve got neurologists studying neurons, we’ve got political scientists and sociologists studying emergent phenomena, that’s what you have to do to study politics. If you look at the history, if you look at the higher‑level constructs, yeah, it’s bizarre what’s happening. It’s unprecedented, and people expected the past to predict the future. But what if the emerging social constructs of the Republican Party have been getting progressively out of tune with the moral intuitions and the psychology of the voters? I think that’s what we have seen happening."