Experience Stern | News & Events

Excerpt from The New York Times -- "Irving Schenkler, a professor and crisis management expert at New York University, said there have been few parallels in history. 'It’s unprecedented in terms of the cross-national scope of it, the degree of the problems,' he said. 'There are so many different fronts.'"

Excerpt from Marketplace -- "Scott Galloway, a marketing professor at the Stern School of Business at NYU, said it's clear what Uber needs to do in response: First, acknowledge what happened. Second, make sure it's the company's top person, the CEO, who publicly addresses the issues. 'The third is you have to over-correct,' Galloway said, 'They have to announce immediately a serious of additional screening tools that they're implementing.'"

On Friday, February 26, the Latin American Business Associations (LABA) of NYU Stern and Columbia Business School will host their inaugural joint conference, themed “Latin America: Navigating Uncertainty.”

Excerpt from Bloomberg -- "There's some upside risk to the economy. I see that with low oil prices, low gas prices, consumer spending could actually even be stronger than what we've seen in the last couple years. And it's been the biggest driver by far of the US economy."

Excerpt from Reuters -- "'I favor an eclectic approach, recognizing that policy is always made with a high degree of uncertainty and one shouldn't place all their bets on one approach,' he said at the NYU Stern School of Business. 'While I understand the impetus behind wanting a single rule to follow, it's just not ready for prime time.'"

Excerpt from The Wall Street Journal -- "'My own view is that it was time' to lift short-term rates off the near-zero levels they were at then, Mr. Williams said in the text of a speech to be presented at New York University. 'The economy has been showing solid momentum, the recovery was well into its seventh year, and I'm someone who takes forecasts into account,' Mr. Williams said. The economy's likely path supported 'getting on the normalization track,' he said."

Excerpt from Bloomberg -- "I think that most companies look to global markets and they think that they're incredibly exciting. And they are; there's a lot of growth around the world, at least up until recently in emerging markets. There's a lot of growth in the world and companies want to tap into that. But the problem is that they often overlook the challenges that exist in those markets. And those are, principally, three challenges: cultural challenges, political challenges and economic challenges that they'll face in those markets."

Excerpt from BusinessBecause -- "'I take students on visits to places "off the beaten path" to help them gain an appreciation of hand-made luxury goods,' says Thomaï Serdari, director of the program’s luxury marketing specialization. ... 'NYU Stern gives [students] access to the strongest luxury retail market in the US,' says Thomaï. 'Our network of graduates is global, strong, and renowned for its effectiveness.'"

Excerpt from TIME -- "A vote to leave would force the British government to renegotiate trade and investment relationships with other E.U. members. Over time, Britain might secure access to E.U. markets for its goods on fairly favorable terms, but European leaders would make the process as arduous and painful as possible to discourage other E.U. states from threatening exit to win concessions. Two years of negotiations–at least–would generate enough uncertainty to create serious problems for Britain’s growth and investment outlook."

NYU Stern's Center for Global Economy and Business will welcome Dr. John C. Williams, President and CEO, Federal Reserve Bank of San Francisco for a talk with the Stern community on Thursday, February 25.

Excerpt from China Radio International -- "I think the government is trying to efficiently use the land but through this great experiment. Remember, it's just an experiment. Number one, we know it's very difficult to change people's eating habits. And secondly, all these reasons that have been given here is, 'Well, it's more scientific,' and so on a so forth, 'use less water.' And it did not mention the economic side of it."

Excerpt from Ethical Systems -- "My work at the NYU Center for Business and Human Rights focuses on just that-- the role of business in human rights. I am currently most interested in new forms of global governance mechanisms for human rights, such as multi-stakeholder initiatives, the organizational challenges of implementing the corporate commitment to human rights, and questions about the legitimacy of emerging private governance schemes for human rights."

Excerpt from The Chronicle of Philanthropy -- "$1 million to New York University Stern School of Business to launch the new Center for Sustainable Business. The research center’s programs will help current and future business leaders gain experience and learn how the public and private sectors can work together to address issues like global climate change and urbanization, while stimulating sustainable economic growth."

Excerpt from Marketplace -- "Companies that figure out how to make such same-day services work, could cash in on a growing area of e-commerce: local shopping. That's according to Arun Sundararajan of New York University's business school. 'The company that controls that interface, and has the logistics locally to be able to fulfill local retail on demand, could be potentially sitting on a massive market,' Sundararajan said."

Excerpt from NPR -- "'The money you put into a hedge fund is not guaranteed at all by anybody, and if you're worried that your hedge fund is going to start losing money, you may start pulling that money out,' White says. While hedge funds and money market funds are usually too small to cause systemic problems for the economy, large bank holding companies are another story: Many of them engage in shadow banking through their less-regulated subsidiaries."

Excerpt from The New York Times -- "Emily Ekins, director of polling at the Cato Institute, and Jonathan Haidt, a professor at New York University’s Stern School of Business, examined the results of a November 2015 You.gov survey of 2,000 respondents and summarized their findings in a smart Vox essay."

NYU Stern's W.R. Berkley Innovation Lab will welcome alumni, angel investors, venture capitalists, entrepreneurs and industry innovators to the 2016 New Venture Showcase.  Attendees will have a chance to meet startups from across NYU who are competing in the $200K Entrepreneurs Challenge.  This year's startups range from software and consumer product ventures to medical device technologies.

Excerpt from Forbes -- "Material ConneXion is a resource worth knowing about, as a potentially important partner in product design, interior design, and creative development processes."

Excerpt from 33 Voices -- "Globalization is pretty exciting. Whenever people think about globalization, they tend to think about the world becoming smaller. That everybody is becoming more similar. Goods are traveling across countries. Goods, not just 'goods' but ideas, people, things flowing across borders that lead to a higher and better understanding amongst people that lead to greater prosperity for people. And even can help lift people out of poverty. And there are a lot of exciting things about globalization. But I think in all the excitement about it, people often overlook how challenging and how difficult it is to conduct business across country borders."

Excerpt from CFA Institute blog -- "I believe a bubble is building in the credit market today. A bubble is defined as unsustainable prices in an asset class. Most fixed-income products’ prices are limited on the upside to par, so bubble in fixed income is defined by default rate. High yield is my vantage point. A bubble is building when [the] default rate goes above [the] historical average. It will burst when a two standard deviation year — i.e., a greater than 10% default rate — happens. It has happened five times since 1990, far higher than the two times implied by a normal distribution."

Excerpt from Quartz -- "'When there’s a group of contractors who say, 'I want a different model' … they’re not asking for the model of full-time employment, they’re asking for the nice things that come with it,' said Arun Sundararajan, a professor at New York University’s Stern School of Business."

Excerpt from Luxury Daily -- "'What Chanel is, in other words, is a well-defined brand,' [Serdari] said. 'This is extremely important, not only in the context of the previous 13 chapters that spoke to individual elements of Chanel’s mythology and heritage, but most importantly in the context of today’s fashion world and the challenges a lot of fashion brands face as they try to preserve their heritage while also move into the future.'"

Excerpt from The Economist -- "I don’t necessarily think that Britain leaving would suddenly lead to a wave. I don’t think it would lead to the end of the EU. Because people will also see how painful it is. And they’ll also see how technically difficult it is to engineer. I think that will scare them."

Excerpt from Fast Company -- "'What matters most, and what all these metrics should try and point to is impact,' Peretti said during a presentation at NYU's Stern Business School. 'Does it have an impact on people's actual lives, are people using the content, is it something that matters to them? We've been thinking a lot about how do we measure impact.'"

Excerpt from The Wall Street Journal -- "With the rise in crime, amplified by the rise of cable TV, we saw much more protective, fearful parenting. Children since the 1980s have been raised very differently—protected as fragile. The key psychological idea, which should be mentioned in everything written about this, is Nassim Taleb’s concept of anti-fragility."