Experience Stern | News & Events

Excerpt from TIME -- "Now there’s the AIIB. For decades, Washington has used its dominant influence in the World Bank, International Monetary Fund (IMF) and Asian Development Bank to strengthen relations with European and Asian partners and guide developing countries toward Western values by conditioning aid on U.S.-backed reforms. Those countries had no choice: there was no credible alternative to the U.S.-led system. That’s changing."

Excerpt from Project Syndicate -- "In my view, it is difficult to make a strong case for a significant sustained increase in earnings growth in this environment, meaning that growth alone would not justify current equity valuations. But the lower-discount-rate argument is more persuasive, and is consistent with underlying economic conditions and central banks’ mandates."

Excerpt from Nation News -- "The countries that have managed to produce higher standards of living have done so because their leaders have demonstrated three basic principles. They have demonstrated discipline, they have demonstrated clarity and the combination of discipline and clarity will produce trust amongst the people in their leadership about the direction of their country."

NYU Stern’s chapter of The Adam Smith Society (TASS) was awarded Chapter of the Year at TASS’s National Meeting. The award recognizes the success of Stern’s chapter in the number and quality of on-campus events and in the growth of their membership.

Susan Crawford, author of Captive Audience: The Telecom Industry and Monopoly Power in the New Guilded Age, delivered the 10th Annual Haitkin lecture, entitled "The Responsive City: Communications in Context."

Excerpt from New York Magazine -- "After analyzing the transactions, Karmarkar and Bollinger found small but statistically significant trends associated with bringing reusable bags. First, those with reusable bags were slightly more likely — 0.25 percent — to buy organic basics like milk and eggs. One green behavior may provide a gentle nudge into another, the researchers conclude. But those who brought their own bags were also slightly more likely — 1.24 percent — to buy indulgent (nonorganic) items, like potato chips and candy."

Excerpt from CNC World -- "The idea of having an Asian infrastructure investment bank is a very good one. The needs for infrastructure development are enormous. The fact that China and other more developed or developing countries have the resources to channel through a development bank is clear, so it's basically a very good idea."

Excerpt from CKGSB Knowledge -- "One New York University economist sees the availability of on-tap computing and memory storage as a particularly important new advantage. Where 10 years ago, a start-up had to invest significant money in computer systems, today it will simply rent the computing power it needs, says Nicholas Economides, a professor of economics at NYU’s Stern School of Business and a noted scholar on network effects. 'Now you can just go to Amazon or Microsoft or Google and rent computing power at a very low price, so innovating has become much cheaper.'"

Excerpt from Accepted.com -- "Make sure an MBA program is going to give you the value that you're seeking. It's a big investment. Time, money and effort. And so, be really sure that this is what you need for the next step in your career and profession and that this is the right time to do it."

Excerpt from CBS News -- "'Because of the fact that Uber's brand and Lyft's brand have emerged very rapidly and have sort of taken on the sheen of, you know, "This is a big company; I can trust this company,"' Sundararajan said. But he urged caution. 'Until we understand what the risks associated with this are, and that can only come with time, I would be cautious about engaging in behaviors like sending kids alone in an Uber or Lyft,' he said."

The NYU Stern Center for Global Economy and Business will welcome Montek Ahluwalia, former deputy chairman of the Planning Commission of the Republic of India, for a talk and Q&A session on March 25.

Excerpt from Xinhua -- "Associate professor at New York University's Stern School Jennifer Carpenter believes that the current Chinese A-share bubble does not exist, but as the A shares continue to rise, the market volatility will increase."

Excerpt from Forbes -- "The Bangladesh Accord on Fire and Building Safety (the Accord) and the Alliance for Bangladesh Worker Safety (the Alliance) are working to improve the building and fire safety of Bangladeshi garment firms. According to a Guardian post by Sarah Labowitz of the Center for Business and Human Rights at NYU’s Stern School of Business, an average cost of factory upgrades is estimated by the Alliance to be around $250,000 per factory. Since the total number of factories recognized by various brands comes to about 1,800, the upgrades could cost $400 million for those identified factories alone."

Excerpt from International Finance News -- "First, giving local governments more authority and liability for their bond issuances strengthens their incentives to leverage their local knowledge about which projects have the best potential. Second, because the borrowing is directly from markets, local governments will pay a more market-based cost of capital, which aggregates information across a diffuse investor base and helps to allocate capital toward better uses. Third, creating a tradable standardized set of bonds will help create liquidity and attract capital. It will also increase transparency about the use of the capital, as observable yield spreads will contain clear signals about the market’s assessment of default risk, although this will reflect both asset risk and political risk."

Excerpt from OZY -- "Ironically, the best pitch you can make to your boss may be what Lechner explains: 'We have full transparency now,' she says. 'You can see the trail of technology — when you called, who you emailed, which conference call you jumped in and out of. We know exactly what you’re doing. Who cares where you’re doing it from?'"

Excerpt from The Washington Post -- "Economist Nouriel Roubini also doubts that education will be enough to spread the gains from automation around, which could mean that policymakers will need to create a greater degree of income support for those whose jobs are rendered obsolete."

Excerpt from Fortune -- "Despite the progress women have made in the U.S. workforce over the past decades, a recent study I conducted with colleagues Emily Amanatullah and Taeya Howell, finds that many men and women still believe in traditional gender roles and prefer the husband to be the primary breadwinner and the wife the primary family caretaker."

Excerpt from Fox Business -- "I know from running the entrepreneurship center at NYU, and we have 600 students through every year...Getting clarification on who's doing what in a team and getting it in writing is critical right from the starting point."

Excerpt from Financial News -- "Seven years after the financial crisis, global capital market banks have largely achieved compliance with tough new capital standards. However, the economic damage to their businesses in doing so has divided the industry into survivors, committed to strategies that are likely to succeed in a permanently changed world, and laggards that have lost their way."

Excerpt from Luxury Daily -- "'Heritage Italian brands Lamborghini and d’Avenza share a past that has remained exclusive to a select clientele,' said Thomaï Serdari, Ph.D., founder of PIQLuxury and adjunct professor of luxury marketing at New York University, New York. 'Recently however, both brands have made a definite turn towards a wider market where they can promote products that are destined for a particular type of clientele, most probably of foreign origins.'"

Excerpt from Bloomberg -- "'Maintaining a growth rate of 7 percent for the next few years is not possible,' Nouriel Roubini, an economist who teaches at New York University’s Stern School of Business, said at the China Development Forum on Saturday. 'The only way you could do so is by increasing further the amount of credit relative to GDP and that increase of leverage eventually is going to lead to massive losses.'"

Excerpt from The News Journal -- "'DuPont has been doing the same things for many years,' said April Klein, an accounting professor at New York University's Stern School of Business. 'There has to be feeling that the company is resting on its laurels and maybe it's time to shake things up. It's not clear where DuPont's growth opportunities are anymore and its not illogical for someone to come and try to shake up how the company is being run.'"

Excerpt from TIME -- "Globalization isn’t going away—in fact, it will continue apace. But the U.S.-led world order is deteriorating. An inconsistent, war-weary United States is no longer willing and able to provide global leadership—and no other country is stepping up to take its place: the rest of the West is distracted with problems at home, and allies are looking to hedge their bets."

Excerpt from Quartz -- "It is what’s called 'transactional utility' says Dr. Tom Meyvis, a professor of marketing at NYU’s Stern School of Business and an expert in consumer psychology. 'You see this a lot with clothing,' he tells Quartz. 'Part of the joy you get from shopping is not just that you bought something that you really like and you’re going to use, but also that you got a good deal.'"

Excerpt from MOGUL -- "Gain knowledge, build your network, and open doors to new opportunities. These are three key benefits of earning your MBA."