Experience Stern | News & Events

Excerpt from Project Syndicate -- "First, some of these conflicts may yet lead to an actual supply disruption, as in 1973, 1979, and 1990. Second, civil wars that turn millions of people into refugees will destabilize Europe economically and socially, which is bound to hit the global economy hard. And the economies and societies of frontline states like Lebanon, Jordan, and Turkey, already under severe stress from absorbing millions of such refugees, face even greater risks."

Excerpt from The Washington Post -- "'Amazon, Google, Facebook and Apple are all bumping up against each other as their businesses are becoming more and more similar,' said Scott Galloway, a professor who teaches marketing and branding at New York University's Stern School of Business. He noted that Amazon's move is not the first barb these firms have thrown at each other; Apple's move to block ads on its phones, for example, was seen as a way to undercut Google's advertising business."

Excerpt from The Huffington Post -- "Bitcoin has prompted many people to expect a revolution in the means by which we make and settle everyday payments. Our view is that Bitcoin and other 'virtual currency schemes' (VCS) lack critical features of money, so their use is likely to remain very limited."

Excerpt from Exame -- "'Modi had a clear path to proceed with his agenda in Parliament,' says Indian economist Pankaj Ghemawat... 'Since President Dilma Rousseff is already in her second term and is currently very unpopular, she is not in a position to push a lot of policy changes.'"

Excerpt from CCTV -- "I don't think there was ever a Euro crisis in the sense of, the European, like a currency crisis. The Euro as a currency was always very stable. It has never moved very low against the Dollar. And I don't think it's going to, I think it's going to remain more or less where it is. There was a crisis of confidence within Europe about banks and some sovereign countries. But as a currency, I think the Euro has been stable and will remain stable."

The Right Honourable Gordon Brown, former Prime Minister of the United Kingdom, presented a talk entitled "Making Strides: Seven Years After the Global Financial Crisis" to more than 100 students from NYU’s Stern School of Business, the School of Arts & Sciences, the School of Professional Studies, Wagner School of Public Service and Steinhardt School of Culture, Education and Human Development this fall.

Excerpt from NDTV -- "'Technologically-driven solutions fall short in addressing an issue that is inherently social in nature,' said one of the researchers Anindya Ghose from New York University Stern School of Business in the US. 'Instead of engaging in a technological rat race with extremists, we should consider incorporating critical literacies - including digital media, anti-racism and social justice - into school curricula as an alternative strategy,' Ghose noted."

The Leadership Development Initiative welcomed Daniel Schwartz, CEO of Restaurant Brands International, for a fireside chat on September 29 as part of the Leadership Development Speaker Series.

Excerpt from Cliffs Notes -- "As a teacher, my goal is to enable [students] to accomplish great things. Education is such an important tool to solving social problems. That's why I teach."

Excerpt from BusinessBecause -- "'We’re seeing some companies that were traditionally considered to be in the financial services space — including MasterCard and American Express — expand their recruiting efforts into the digital, product or innovation space,' says Roxanne Hori, associate dean of corporate relations and career services at NYU Stern School of Business."

Excerpt from Project Syndicate -- "The truth is that the Internet-led process of exploiting under-utilized resources – be they physical and financial capital or human capital and talent – is both unstoppable and accelerating."
 

New research from Carlson School of Management Professor Jason Chan and NYU Stern Professors Anindya Ghose and Robert Seamans finds that broadband availability increased the incidence of racial hate crimes committed by lone-wolf perpetrators in the United States during the period 2001-2008.

Excerpt from TIME -- "In a talk earlier this year, Scott Galloway of research firm L2 explained why this is such a big deal for Nike. 'There is a tectonic shift taking place in apparel, the second-largest consumer category in the world. Essentially, people are moving from denim to sweatpants,' he said. 'It sounds minor but it’s a huge trend in a gigantic industry.'"

Excerpt from Forbes -- "'When a company is trying to reposition itself, for example from being a value brand to a more prestigious brand, this change must also get reflected in its packaging from being more basic to being fancier,' says NYU’s Raghubir. 'A great example is when Tropicana went the other route, of simplifying its package design, and there was a consumer backlash. Consumers do infer quality from the package.'"

Excerpt from Financial Times -- "'It isn’t like there were all these hugely profitable lending opportunities out there in the economy that banks didn’t take advantage of … the statement by banks that the reason they were not lending more is because there were no additional profitable lending opportunities appears to hold true, at least in the credit card market. We can see that in the data.'"

Dan Schulman, CEO and President of PayPal, joined MBA students and alumni for a 2015-2016 Speaker Series event, presented by U.S. Trust.

Excerpt from The Huffington Post -- "There is an increasing consensus on his specific point about ending the carried interest loophole...[Paul] Romer noted that this mood strikes American politics periodically, as it did under President Ronald Reagan, when Congress passed the Tax Reform Act of 1986. 'It could be that what’s emerging is a consensus from various parts of the political spectrum ... that the complexity and special treatment and special favors have just gotten to be too much,' he said."

Excerpt from The Economist -- "After credit dried up in America in 2008, the Federal Reserve scrabbled for ways to perk up spending. One trick it tried was to offer banks concessionary funding, hoping they would lend more to consumers and so induce Americans to open their wallets. An NBER working paper published this week by Sumit Agarwal of the National University of Singapore, Souphala Chomsisengphet of the Treasury Department, Neale Mahoney of the University of Chicago and Johannes Stroebel of New York University looks at data from hundreds of millions of credit cards from 2008 to 2014 to work out why the results were so disappointing."

Excerpt from Financial Times -- "The anonymity of cash helps to free people from their governments and some criminality is a price worth paying for liberty, as professors Stephen Cecchetti and Kermit Schoenholtz observe. It is better if the government creates trusted, anonymous notes and coins rather than some private agent."

Excerpt from The Washington Post -- "'This has tarnished a huge, iconic company, so it’s going to be a long and slow process to restore this company,' said Karen Brenner, a business professor who is executive director of law and business initiatives at New York University. 'The damage is only beginning to unfold.'"

Excerpt from BusinessBecause -- "Professor Thomaï Serdari, strategist in luxury marketing and branding at NYU Stern School of Business, said that there will be both new career and business opportunities as a result of luxury’s digital drive. 'We are experiencing a shift,' she said."

Excerpt from Financial Times -- "Though much of the hype is centered around bitcoin, Prof Yermack says the blockchain could have huge applications for record-keeping in a range of industries, such as the media or arts as well as manufacturing and finance. 'It looks like the blockchain is a replacement for double entry bookkeeping.'... For Mr Lee, this kind of open enrolment programme is a way of differentiating the school from competing institutions through cutting-edge thinking. 'We think about the alignment of market interest and faculty research. We view our short courses as an innovation lab for the school.'"

Excerpt from Stanford Political Journal -- "We have to push governments to behave better and to protect their people. On a parallel track, companies need to move away from a policing model where they conduct random spot-check audits of some of their factories.They do this as a kind of risk mitigation and sometimes as a public relations gesture to say ‘we’re doing something,’ and move to a more holistic look at how do we actually get at the problem."

Excerpt from Forbes -- "[Ghemawat's] message was that despite the fall in the Yuan, the Chinese stock market, and the labor rates in China, don’t count China out in the shifting power of world trade. In his presentation he contrasted world trade in 2013 and his forecast for world trade in 2040."

Excerpt from Politico -- "Households with the lowest FICO scores had the highest willingness to borrow. Despite lower-cost capital, banks were reluctant to lend to these potential borrowers. The authors estimate that a one percentage point reduction in the costs of funds for banks raises optimal credit limits by only $127 for consumers with low FICO scores. … A bank’s propensity to lend is negatively correlated with a household’s propensity to borrow (i.e., the more likely a household is to borrow, the less likely a bank is to grant additional credit)."