Experience Stern | News & Events

Excerpt from Bloomberg -- "The global economy is levering up rather than the reverse. There's a useful McKinsey Global Institute study that documents that. That's not the direction we want to go. We don't want to try to create additional demand by levering up."

Excerpt from Business Insider -- "... for those who've got minimal time and attention to spare, there's a simpler strategy that can help you stand out in virtually any circumstance: Channel the confidence to act like a leader by recalling a time when you felt powerful. The technique is based on a study by Gavin Kilduff, Ph.D., and Adam Galinsky, Ph.D."

Excerpt from CIO -- "'These results hold even for firms that met or exceeded analyst expectations for the quarter and have a history of consistently providing guidance in previous quarters,' the authors said. 'Since guidance has been shown to be beneficial to capital market participants in many ways, reduced guidance has meaningful market implications.'"

Excerpt from Reuters -- "'Uber is adopting the shock-and- awe strategy,' said finance professor Aswath Damodaran at New York University's Stern School of Business. 'I think it's a very high- risk strategy.'"

Excerpt from Commercial Observer -- "Before Congress grapples with the difficult task of how to define the geographical area that qualifies as a TEA, it must first update its vision for the program. And this raises many questions. Does Congress wish to encourage investment in rural and depressed areas? Does it care where the workers live? Does it matter whether the jobs likely would have been created even if the program didn’t exist?"

Excerpt from The New York Times -- "'This time last year few politicians were paying attention to the work force that powers these start-ups, and now they’re trying to figure out how to protect them,' Professor Sundararajan said."

Excerpt from The Economist -- "Researchers at Wharton Business School, Columbia University and New York University wrote an identical e-mail to 6,500 professors, ostensibly from students wanting to meet the academic. White men got notably more responses than other groups; Asian-Americans of both sexes got fewer."

Excerpt from BBC -- "... if you look at the overall statistics, what's basically happened is Asia has traded places with the European Union in terms of its share of world income. That's the positive in terms of growth. ... [Asia is] still at just 30% of European Union per capita income, and despite faster growth, that might increase to 40-42% by 2030."
 

Excerpt from The Huffington Post -- "...businesses can start on a new course in one day that will change them forever. All it takes is a willingness to embrace new ways of thinking."

Excerpt from The New York Times -- "Eduardo Dávila, an assistant professor of finance at New York University’s Stern School of Business who has studied these taxes, issued an additional important reminder: All too often, these discussions forget about the good that the new tax revenue could do. In this instance, Senator Sanders wants to use it for free public college education."

Excerpt from CNBC -- "Eventually, Uber's most powerful weapon in these battles that they fight in different cities is to sort of amass sufficient consumer support after they sort of establish that they are in fact like, you know, a good service in a particular city. So it's not surprising to me that like, you know, they've taken the approach of, sort of grassroots rather than high powered lobbyist."

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."

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."

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."
 

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.'"

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.'"