Experience Stern | News & Events

The MBA Media & Entertainment Conference (MEC) is a joint effort of students in the MBA programs at Columbia Business School, NYU Stern, Wharton, MIT Sloan, and Duke Fuqua. The conference is an annual event for MBA students exploring careers in media, entertainment, and technology-related industries.

Excerpt from Fox Business -- "Well, they are receiving only enough money to make sure they're not going to default in the short run, but there is not yet an agreement between Greece and the troika. And if an agreement has not been reached in the next few weeks, you could have a Greek accident... I think the risk of a Greek accident is still large because the two sides are negotiating, but they are very, very far apart."

Excerpt from TIME -- "It’s clear that Obama and Netanyahu don’t trust or like each other. But the widening divide between these countries can’t be reduced to a personality conflict between leaders. Differences in the interests and worldviews of the two governments are becoming more important."

Excerpt from The Verge -- "A choice of just two, even three, providers isn’t enough to create a competitive market that will keep a check on prices, said Nicholas Economides, an economics professor at New York University who studies telecommunications. 'The only competition that remains is between telephone internet service providers and cable internet service providers — if you have it,' Economides said. 'That’s the real problem, and that’s why we don’t have enough competition and higher prices.'"

Excerpt from Harvard Law Blog -- "Academic studies, including our own, have previously documented empirical evidence of informed trading ahead of major corporate events such as earnings announcements, mergers and acquisitions (M&A) and corporate bankruptcies."

Excerpt from Financial Executive -- "Regaining investors’ trust and support should be at the top of managers’ agendas. There are no shortcuts or magic tricks to achieve this task. It requires a substantial shift in managers’ conception of investors’ needs and the workings of capital markets, and a persistent execution of a capital markets strategy, based on honesty, relevant information sharing and smart communication with investors."

Excerpt from US News -- "Budgeting for the year is better largely because people feel less confident in monthly estimates, so they tend to add more of a buffer for unexpected expenses, according to research by University of Southern California’s Gulden Ulkumen, Cornell University's Manoj Thomas​ and New York University’s Vicki Morwitz​. The professors suggest taking a longer term view for a more accurate budget that you can stick with."

Excerpt from Project Syndicate -- "Indeed, as the euro weakens, the periphery countries’ external accounts have swung from deficit to balance and, increasingly, to surplus. Germany and the eurozone core were already running large surpluses; in the absence of policies to boost domestic demand, those surpluses have simply risen further. Thus, the ECB’s monetary policy will take on an increasingly beggar-thy-neighbor cast, leading to trade and currency tensions with the United States and other trade partners."

Excerpt from The Huffington Post -- "'We’re probably at a tipping point,' said Irv Schenkler, a clinical professor of management communication at New York University’s Stern School of Business. Things have certainly evolved since 2012, when no Fortune 500 companies opposed North Carolina’s proposed law banning same-sex marriage."

Excerpt from Financial Times -- "Thomas Philippon, professor of finance at New York University’s Stern school of business, has found little evidence of such a boost to productivity, at least for the finance industry as a whole. His research suggests the costs of finance to society remain fairly static, at about 1.5-2 per cent of the total amount being intermediated."

The NYU Stern Center for Business and Human Rights is beginning a new research project to promote human rights in the supply chain for construction labor that runs from South Asia to the Arabian Gulf.

Excerpt from BBC -- "People have been able to raise the amount that they wanted to raise, but they falter on the actual delivery. On issues like packaging, on issues like fulfilling the actual amount of orders."

Excerpt from Winston-Salem Journal -- "'More than 225 years have passed since Alexander Hamilton created one of the nation’s first commercial banks,' the authors said. 'Over time, these institutions have changed hands, names and locations, reflecting a wave of mergers, acquisitions and other restructuring efforts that echo changes in American finance.'"

Excerpt from Sourcing Journal Online -- "'Labowitz describes Bangladesh’s RMG sector as a hub and spoke model of production, where the hub factories are the ones that have direct relationships with foreign brands, are often in good condition, with their own power plants, and are well lit and ventilated. And those hub factories have a lot of relationships with spoke factories. 'The spoke factories are the invisible factories,' Labowitz said. They are often in mixed-use buildings, above auto repair shops, for example, and some don’t appear on any registry of factories in Bangladesh. Labowitz and her partner Dorothée Baumann-Pauly, co-authors of the report, 'Business as Usual is Not an Option,' are currently conducting research on how many unregistered facilities there are in Bangladesh.'"

Excerpt from Financial Times -- "Stephen Cecchetti and Kermit Schoenholtz have a more conventional but also more exhaustive and detailed guide to secular stagnation. It includes a couple of more possible causes: most interesting are demographics (which is slowing the growth of the labour force) and high debt (which may reduce demand). They also very usefully sort them into supply-side and demand-side mechanisms."

Excerpt from LinkedIn -- "An exit can be done well, and it can be done badly. Even if you really hate your boss and loathe your job, you still want to leave a good last impression. Be professional. Out of sight isn’t out of mind. These people can be useful for networking, recommendations or business referrals — and you never know where your career will take you. You may circle back as an employee, a client, or something altogether unexpected."

The Stern Investment Management & Research (SIMR) club will host the 14th Annual NYU Stern SIMR Conference on Friday, March 27, 2015. Themed, “Investing in a Post-Fed World,” the conference will offer the opportunity to hear from distinguished speakers and panelists on idea generation and the best investment ideas in today's markets.

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.'"