Experience Stern | News & Events

Excerpt from Retail Dive -- "'It's a Catch 22 — as retail falls apart, that's the core of Simon's mall business, without retailers they own too much real estate,' he said in an interview. 'They can put in pop up stores or entertainment but there's only so many fitness centers. So it makes sense for them to try to help retailers survive because Simon would benefit.'"

Excerpt from The New York Times -- "'FedEx has made the decision that is no longer wants to sharpen its executioner’s sword,' said Scott Galloway, a professor at New York University’s Stern School of Business. 'It’s another reflection of this winner-take-all "Hunger Games" economy that is dominated by an increasingly few number of companies.'"

Excerpt from Xinhua -- (translated from Chinese using Google Translate) "Joseph Foudy, a professor at the Stern School of Business at New York University, said that in recent years, China has always been committed to keeping the RMB exchange rate basically stable. The US’s move to list China as a 'currency manipulator' is a political act and the US has upgraded its economic and trade frictions."

Excerpt from Project Syndicate -- "Jonathan Haidt, author of The Happiness Hypothesis and The Righteous Mind, uses a metaphor reminiscent of Plato, but in support of a view closer to Hume, to illustrate what he calls the social intuitionist perspective on ethics: 'The mind is divided, like a rider on an elephant,' he writes on the first page of The Righteous Mind, 'and the rider’s job is to serve the elephant.'"

Excerpt from Accepted.com -- "There are also scholarship programmes, such as NYU’s William R. Berkley Scholarship Program, which not only provides early entry to their MBA, Tech MBA, or Fashion & Luxury MBA, but also full funding."

Excerpt from The New York Times -- "'We started the club because we tended to feel clear and confident about advice we would give others about when to say no, but were less likely to take that advice ourselves,' Chugh said. 'The No Club gives us a confidential place to get that advice and be held accountable for acting on it.'"

Excerpt from The Hill -- "'I think it would be important for the major social media platforms to more prominently and continually warn their users that some of what they are likely to see in their feeds is phony,' Barrett said. 'I think there should be regular digital literacy education going on, on the sites themselves in a way that will warn people.'"

Excerpt from Working Capital Review -- "I’m excited about the potential for AI to spur economic growth, but I think that the effects on labor, they get talked about in the popular press, have been misleading. There will be some substitution, but I think it’s going to far more be the case that there’ll be a lot more complementarities between AI and jobs. I think that there’ll be, as a result, a lot of employment growth. Those stories don’t get told enough, but I’m pretty optimistic about the net effect of AI on jobs."

Except from the CFA Institute blog -- "History shows that even with positive GDP growth, default rates on US corporate debt can and will start rising prior to a recession. The current cycle has also been extended by numerous out-of-court restructurings, the covenant-lite environment, and expectations that the US Federal Reserve will respond to signs of an economic slowdown or increased market volatility, or both, with aggressive monetary stimulus."

Excerpt from The Wall Street Journal -- "The DOJ’s review of internal company documents in previous collusion cases has often preceded criminal charges, said Rosa Abrantes-Metz, an adjunct associate professor at New York University’s business school who has researched and worked on corporate collusion cases. 'The fact that there is a request for documents means the suspicions are strong,' she said."

Excerpt from The Wrap -- "'Following up on its disappointing results for the last quarter, Netflix wants to aggressively build its international footprint, and there are few better or more important markets than India,' Alvin Lieberman, executive director at New York University’s Entertainment, Media and Technology Initiative, said. 'India’s OTT demand is expected to grow rapidly and having a low-priced mobile-only offering is a way for Netflix to expand its subscriber base.'"

Excerpt from Marketplace -- "'The idea of focusing on your strengths and outsourcing the rest is not new,” he said. What is new: the advent of technology platforms that seamlessly connect companies with contract workers — the 'Uberizing' of everything. Sundararajan said that allows businesses to be increasingly picky about which jobs they want to be in house and which they’ll contract out."

Excerpt from Adweek -- "And it’s SMBs like these sellers that are in a more vulnerable position now. Ironically, that’s in part because of the opportunity they found. Many Amazon shoppers don’t care about brand name products, but are instead looking for items with good reviews at a certain price point, Adamson said. By raising prices, however, those sellers become less competitive on the platform, which could ultimately put them out of business, he added."

Excerpt from China Daily -- "Paul Romer, co-recipient of the 2018 Nobel Memorial Prize in Economic Sciences, said during the Lujiazui Forum that there is still much work that China needs to explore the social value of equity financing. That will make a big difference to China's financial opening-up."

Excerpt from CGTN -- "Dr. Carla Della Gatta from the University of Southern California said she was quite impressed by all the competitors while Professor Robert Lyon from New York University said he believes the Chinese students are going to be future leaders."

Excerpt from CQ Researcher -- "'The United States has a reasonable concern that itself and its allies do not use equipment that spies on them,' says Nicholas Economides, an economics professor at New York University who has worked on 5G issues under a National Science Foundation grant."

Excerpt from Financial Times -- "'Younger people care more about values than ever before,' said Ms Greenwald. '[Tech companies] have all kinds of amenities, free food and gym memberships,' she said. 'But another criteria is: what do they stand for?'"

Excerpt from Bloomberg Quint -- "[Damodaran] touched upon the practice of valuing an asset first and then working backwards to arrive at the necessary calculations, stressing all along that a combination of numbers and narrative make for a perfect combination to find the right valuation."

Excerpt from Inc. -- "'The Wienermobile is just such an iconic thing. Everyone knows about it, even if you've never seen one on the street,' says Carr. But really, he adds: 'It comes down to the uniqueness of the experience that the brand can offer.'"

Excerpt from Marketplace -- "I don’t think it’s wrong to say that we all have some role to play as individual consumers. But there is really an army of people who are doing everything they can with considerable resources, with access to huge amounts of data, to ensure that we spend every spare minute on our phones. It’s not really a fair fight."

Excerpt from Poets & Quants -- At NYU Stern, location plays a big part in the recent uptick in salaries — and the overall success of MBA interns. 'We are very proud of our summer internship outcomes,' Beth Briggs says. 'For the Class of 2019, 100% of students seeking internships secured them. Given our NYC location and deep connections to a diverse set of industries, students benefit from multiple high-touch engagements with our alumni that result in strong internship outcomes.'"

Excerpt from Clear Admit -- "The NYU MBA Class of 2021 is expected to arrive on campus with more women than last year—female enrollment rose from 35 percent to 36 percent. ... 7 percent of students are still U.S. Military veterans or on active duty, which is owed in part to the Fertitta Veterans Program."

Excerpt from CGTN -- "A rate cut is always good news for the financial markets, but I think that the financial markets overreacted today. I expect that the Fed will proceed with one or two cuts in the fall, so it won't be contrary to most of the desires of the financial markets."

Excerpt from Bloomberg Businessweek -- "Next year 'is shaping up to be The Hunger Games for the streaming services,' says Jamyn Edis, an adjunct associate professor at the New York University Stern School of Business."

Excerpt from Retail Dive -- "Retail innovation will result from strategic thinking that is risk taking and laser focused. A private company (think of retail space STORY) or a majority privately held business can create the long-term horizon necessary to tackle the challenge."