Experience Stern | News & Events

Excerpt from MarketWatch -- "Schoenholtz cautioned that the Fed has zero experience with using the interest rate of reserves as the primary tightening tool and doubts will persist until it works in practice. 'It works in theory but until we see it in actual practice we don’t know if it is useful,' he said."

Excerpt from Reuters -- "'They want to get their reputation back,' said Roy Smith, a professor at New York University's Stern School of Business. 'They know that means giving up some business.'"

Excerpt from Risk Magazine -- “'Transaction-based indexes are by far the best, but Libor has a challenge in that there just aren’t enough transactions. Given that, the committed quote system will guarantee – more than other systems – continuation of the index whenever transactions don’t exist,' says Rosa Abrantes-Metz, adjunct associate professor at New York University’s Stern School of Business."

Excerpt from Reuters -- "First off, his record is unbelievably outstanding. And I don't think there is anybody that can add value to putting in and somehow confusing the role. Jamie Dimon is an incredibly hard-working, able, there is nobody even close to him in the financial world in terms of his ability to run that enterprise. And it just clutters it up to force somehow a chairman. In fact, I think it could probably only hurt the company, in the sense that it would just confuse who is in charge."

Excerpt from ABC News -- "'These new platforms let people start playing with your children—your brands, your most valuable assets, which you're incredibly proud of. You feel protective, very uncomfortable,' says Scott Galloway, professor of marketing at NYU's Stern School of Business. 'But this is also a huge opportunity, because the more you let people be emotionally invested in your brand, the stronger it is.'"

Excerpt from Bloomberg -- "There’s nothing wrong with Apple taking advantage of tax loopholes. Where Apple has screwed up here, is bragging about it and raising the concern and complaining about it. If you’re able to have some of the lowest tax rates in the world, while being the most profitable company in the world, you don’t go in front of Congress to complain about it…He [Apple CEO Tim Cook] is justifiably going to get mauled in front of Congress."

Excerpt from CNBC -- "I think in general, the idea of having split roles can be a good thing, but that doesn't obviate the need to think through the particulars of every single case. And in this case, there is absolutely no reason to call for splitting the roles. The company has performed in a stellar fashion and even when it suffered the loss from the London trade, the company was forthright in dealing with the problem. So I think that's the best you can expect from any company."

Excerpt from Forbes -- "NYU’s most promising innovators received a combined $200,000 in startup cash at the annual $200K Entrepreneurs Challenge held by NYU Stern’s Berkley Center for Entrepreneurship & Innovation. The four winning teams composed of students, alumni and faculty from seven different schools across campus, were chosen after pitching their ideas and enduring grueling Q&A by judges from venture capital, technology and design and social enterprise sectors."

Excerpt from Charlie Rose -- "Both economies face very large challenges. They're different, but ours is out of balance, struggling to find a sustainable path of growth that deals with employment and the distributional aspects of our pattern of growth and the Chinese have... a very substantial mass of structural change coming in their economy. At $6,000 per capita income, they aren't going to be the low-cost competitor in a number of industries so...what we believed after we spent some time with each other is that the old relationship is changing very fast and what we needed to do was to bilaterally understand the challenges in both economies and then go after the places where we can make a material positive difference."

Excerpt from Bloomberg -- "At NYU we track upstream and downstream traffic to try and get a sense of a company or a platform's power in the ecosystem and what you see across social media networks is while platforms like Pinterest and Instagram are accelerating, year on year, we actually saw that Tumblr's upstream and downstream traffic to and from retailers who would likely be a big source of advertising dollars is only slightly up, so among the battle of who is the fairest platforms, it looks like Tumblr is kind of flat to modestly down in our research."

Excerpt from National Review Online -- "In 'The Cost Disease,' the economist William Baumol observes that in 2005, U.S. health care spending per capita was $6,400 while all other spending per capita was $35,400. He projects that if growth in output continues at its historical average while growth in medical expenditures does the same over the next century, health care spending per capita in 2105 will be $213,000 while all other spending per capita will be $130,000."

Excerpt from Forbes -- "Michael Moses, co-founder of the Mei Moses Art Indices and Beautiful Asset Advisors, shared repeat sales data with me from the post-war and contemporary day and evening sales held at Sotheby’s and Christie’s last week, or in other words, data drawn from the lots that had appeared at auction before. The average compound annual return on the repeat sales during these auctions was 10.4%. ‘This was a really strong set of sales,' says Moses. 'They don’t get much stronger than this. Nor were there any really outsized returns that would skew the results.'”

At the end of the Fall 2012 semester, a group of NYU Stern undergraduate students in the Business and Political Economy (BPE) degree program were selected to represent NYU in the Up to Us Campaign - a nationwide competition, sponsored by the Clinton Global Initiative University, Net Impact, and the Peter G. Peterson Foundation - in which students educated classmates and their local communities on the federal government’s debt.

New York University Stern School of Business today welcomes to its New York campus the inaugural class of the Master of Science in Business Analytics program. The MS in Business Analytics is the first accredited graduate-level program in business analytics to be offered by a leading business school. It exposes students to innovative methodologies that support data-driven decision-making, and will equip graduates with the ability to transform data into a powerful and predictive strategic asset to ultimately drive better business results.

Excerpt from the New Yorker -- "In the mid-nineteen-sixties, two economists, William J. Baumol and William G. Bowen, diagnosed a “cost disease” in industries like education, and the theory continues to inform thinking about pressure in the system."

Excerpt from VoxEU -- "This is hardly the first time that the US government has faced the question of whether it should discriminate among its different promises (see Hall and Sargent 2013). In 1868, immediately following the Civil War, the US faced what seemed a crushing debt burden with outstanding Treasury obligations exceeding 35% of GDP."

Excerpt from CBS Sunday Morning -- "'Some of the researchers believe that it's biological in origin -- that there's something about the way this color interacts with our eyes and with our brains and with our physiology to weaken us,' said Alter. 'I think another alternative is that it's just based on the association.'"

Excerpt from New York Daily News -- “'This fall, I will start NYU’s Wagner School of Government working on a master’s in government administration,' she says. 'I’d like to work in city government, in veterans affairs, helping my fellow veterans.'"

Excerpt from Project Syndicate -- "If public-sector deleveraging is not a complete growth policy – and it isn’t – why is there so much attention on fiscal austerity and so little action (as opposed to lip service) on growth and employment?"

Excerpt from CNNMoney -- "'If you put in a price that is a bit off, you can affect the benchmark in a meaningful way, particularly because there just aren't that many transactions at the end of the day,' she said. 'You may try and move Platts in a particular way and lose in that transaction, but then gain, by moving the index, in a larger transaction on the opposite side or on your derivatives position.'"

Excerpt from The Economist -- "In a new working paper, Karthik Reddy of Harvard Law School, Moritz Schularick of the Free University of Berlin and Vasiliki Skreta of New York University’s Stern Business School explore the relationship between the two phenomena. 'Whether immunity is a vice or a virtue,' they write, 'depends on whether stronger immunity is relatively more valuable to corrupt politicians or to honest ones.'”

Excerpt from Financial Times -- "Michael Posner, a professor at New York University’s Stern business school, said the reluctance of some companies stemmed from 'a judgment that they don’t bear ultimate responsibility because they don’t own or operate factories.'"

Excerpt from Boston Magazine -- "'I think there is the growing realization that some portion of your business, in a number of industries, is going to involve a shared product rather than an owned asset,' he said. 'Now companies have to say, well, after I sell my product to my customers, are they using it efficiently? Because if they’re not using it efficiently, can I be sure that some sharing economy marketplace isn’t gonna come along and offer them a more efficient substitute?'”

Excerpt from Financial Times -- "David Yermack, a professor of finance and business transformation at New York University’s Stern School of Business, and co-authors, Tanja Artiga González and Markus Schmid of the University of St Gallen in Switzerland, examine more than 200 US companies accused by governments of price-fixing between 1986 and 2010."

Excerpt from Bloomberg -- "Certainly, Michael Dell and Carl Icahn's two plans are very, very different for what the vision for the company is and everyone and the board and the shareholders needs to decide which path they want to go down."