Experience Stern | News & Events

Dean Peter Henry posed economic policy questions to former Treasury Secretaries Robert Rubin and Lawrence Summers in an exclusive forum for MBA students in Stern’s Global Economy course.

Excerpt from Marketplace -- "...Blader says, even if fast-tracking isn’t officially acknowledged, it’s a common practice, and so are the problems it can cause – no matter what demographic the fast-tracked worker is from. Imagine, says Blader, that you’re a worker watching your colleague get promoted quickly. 'I feel demotivated,' he says. 'I feel that no matter how hard I try, I may not benefit from all those efforts, because [the organization is] prioritizing things besides my efforts, and skills, and abilities. And as a result, I'm going to become more complacent, because I’m going to kind of start to feel like, "What’s the point?"'"

Excerpt from Marketplace -- "'You start buying everything through Amazon,' says Scott Galloway, professor of marketing at NYU's Stern School of Business. Galloway says Amazon has purposefully sacrificed short term profits to get more customers and more pricing muscle. 'It's going to have tremendous pricing power and, at a certain point, it will be able to flex that muscle and become a very profitable company.'"

Excerpt from Bloomberg -- "Normally, you would think that an insider would not be the person to change the company. You would expect that it would be kind of business as usual. But I think that given the fact that the company has been so much about the Office system and Windows that bringing up somebody who's got very little allegiance to those parts of the system gives them a real opportunity to know the business, but to be a real agent for change."

Excerpt from Project Syndicate -- "This mini perfect storm in emerging markets was soon transmitted, via international investors’ risk aversion, to advanced economies’ stock markets. But the immediate trigger for these pressures should not be confused with their deeper causes: Many emerging markets are in real trouble."

Excerpt from Science Magazine -- "Digital access was positively associated with civil liberties and media freedom. Mobile penetration had a greater impact on civil liberties than Internet access. Dynamic analyses revealed that greater access to mobile technology had an increased effect on civil liberties when a neighboring country (or a trade partner) scored high in civil liberties, suggesting that the diffusion of civil liberties is enhanced by digital access."

Excerpt from The Los Angeles Times -- "As former IBM chief scientist and former Sloan Foundation President Ralph Gomory and former American Economics Assn. President William Baumol noted in their groundbreaking book, 'Global Trade and Conflicting National Interests,' free trade is not always a win-win proposition. It can be win-win under some circumstances, but it can also be a losing proposition under other circumstances. For the United States, the latter has too often been the case."

Excerpt from TopMBA -- “One of the key MBA skills I gained was learning not to just focus on getting the right answer, but to be aware of how to get there. There are always several ways to solve a problem, but in real life there are several constraints, so knowing which path to take is critical. I think it has made a huge difference in my approach to solving problems. Now, when I look at the problem, I don’t just jump in; instead I take a step back and focus on figuring out the best approach to solve the problem."

Excerpt from Library Journal -- "According to research shared in the article “Be Seen As a Leader” by Adam Galinsky and Gavin Kilduff, there is a simple exercise you can practice to improve your presence and increase your leaderly attributes. The techniques are equally available to all of us, because they are completely detached from our physical appearance. In this case, it really is all in your mind."

Excerpt from The Atlantic -- "There’s no evidence that this is some innate animal response to the color pink; it is much more likely to be driven by social associations. 'When burly men are exposed to the color pink, they’re primed to think of the concepts that we associate with pinkness,' says Adam Alter, a professor of marketing and psychology at New York University, and author of the book Drunk Tank Pink: And Other Unexpected Forces That Shape Our Thoughts, Feelings, and Behaviors."

Excerpt from The New York Times -- “Rental housing is often the forgotten element of a lot of rhetoric about housing. Even in the president’s speech last night, it was about the American dream, which is supposedly home ownership, but surely if we have learned anything over these past five, eight years, it’s that home ownership is not for everybody.”

Excerpt from CCTV -- "'Once you see China transition to an innovation economy, this rebalancing that the Chinese government has talked about for the last year or two, you’re going to see real large increases in Chinese investment in the US and Europe. Going forward it’s going to be about building brands, building factories, linking up with US firms and getting technology, that’s going to transform China and lead to much more investment,' Joseph Foudy, economics professor from NYU Stern, said."

Excerpt from Fox Business -- "Prof. Lawrence White, economic professor at NYU’s Stern Business School, says the president's call for more employers to offer 401(k)s would help increase retirement readiness, but both plans lacked details. 'It’s the "how' we still need; will they get tax breaks, government matches? There are lots of good intentions, but we need to see more details.'”

Excerpt from The Washington Post -- "For 30-year-old Adam Teeter of Auburn, Ala., who will complete his business degree studies at Stern Business School in the spring, the competition was further research to help with his new start-up wine company, VinePair.com. Teammate Alex Reicherter, 30, of Westchester, N.Y., said he hopes to work in marketing for wine or spirits."

Excerpt from Slate -- "Brandon Fuller of NYU’s Stern Business School meanwhile suggests that rather than giving Detroit a share of existing EB-2 visas, as Snyder is suggesting, the federal government should make additional visas available for state-based programs."

Excerpt from Kentucky.com -- "Haidt writes that one way for conservatives and liberals to better understand each other is by focusing on the way they perceive and balance six basic moral concerns: care, liberty, fairness, loyalty, authority and sanctity."

Excerpt from The Wall Street Journal -- "Professor David Yermack of NYU’s Stern School found in a 2010 study that the first lady’s wardrobe choices could not only boost stock prices of associated companies, but, on average, a public appearance in a brand’s clothing was worth about $14 million."

Excerpt from Moneylife -- "'When there is rain, umbrellas become expensive. But when there is no rain, nobody cares about the umbrella and the prices are low. The case of Liquidity is similar', says Professor Yakov Amihud, Ira Rennert Professor of Entrepreneurial Finance at the Stern School of Business, New York University."

Excerpt from MeJudice -- "My concern is that the debt-fueled growth in China, especially of the last five years, is coming to, I wouldn't say a screeching halt, but it's coming to a significant slowdown."

Excerpt from Bloomberg TV -- "Amazon, right now, is the Tony Soprano of ecommerce. They're showing up and saying, 'Do you want protection for your brand? And if the answer is yes, you need to pay us one way or the other.' When L'Oreal starts advertising on Amazon, the Kiehl's product magically gets cleaned up and the pricing and the discounting goes away. But if you do not want to play with Amazon, then, like I said, the marketplace takes over, and it can get really ugly really fast."

Excerpt from Financial Times -- "There is 'no evidence' that copycat strategies based on 13F disclosed positions provide any benefit to long-term investors, according to a recent paper by Stephen Brown, a finance professor at New York University’s Stern School of Business, and Christopher Schwarz, an assistant professor of finance at the University of California."

Excerpt from Bloomberg -- “'There is strong evidence to suggest that when news becomes public about something wrong in a market, such as collusion, there is immediate and often permanent change in market outcomes,' said Abrantes-Metz, whose 2008 paper 'Libor Manipulation' helped spark a global probe of attempted rigging of interbank borrowing rates. 'What you are finding seems to be consistent with this evidence.'”

Excerpt from City Journal -- "Across the world, public safety is the most important task facing city governments. In many poor countries, crime holds back the kind of urbanization essential for economic development."

Excerpt from HuffPost Live -- "'What is not surprising is that when you make a big change in the way things are organized, there's a lot of bumps along the road until you find a new path,' Spence said."

Excerpt from CNBC -- "'I worry that this is going to be a gradual process and China is not going to rebalance fast enough, compared to what is desirable and optimal, and therefore the risk of a potential hard landing have not been totally, actually cleared yet,' he said."