Experience Stern | News & Events

Excerpt from The New York Times -- "It’s inevitable that Bloomberg and Trump will be scrutinized as a pair. Both are political outsiders. Neither can claim credibly that immense personal success alone qualifies him to be president. But Bloomberg, unlike Trump, has a record of governance. Trump can use his wealth and style to pander to voters who hate authority. Bloomberg proved as mayor that he need not pander to anyone. We saw that in his defense of construction of the 'Ground Zero Mosque' at a time when a majority of New Yorkers opposed it. Agree or disagree with his opinion, his political courage speaks for itself. At this moment in our history, that’s exactly what the country needs."

Excerpt from The New York Times -- "'At its core, it’s about global inequality,' says David Segall, a policy associate at the NYU Stern Center for Business and Human Rights. 'Because of that supply and demand, workers have a strong incentive not to ruffle any feathers by asserting their rights,' adds Segall, who focuses on the recruitment and migration of construction workers from South Asia to the Persian Gulf."

Excerpt from Bloomberg -- "'The high-yield markets have grown so big, you don’t need to have a large default rate to have tons of debt in trouble,' said Altman. At a 2.8 percent rate, as much as $45 billion of U.S. debt defaulted last year. This year, he expects Chapter 11 filings to rise led by companies in energy, coal and metals and mining."

Excerpt from The Wall Street Journal -- "The move into smaller cities, said Joseph Foudy, an economics professor at New York University’s Stern School of Business, presents 'more virgin territory for Apple and an even greater opportunity for growth.'"

Excerpt from Forbes -- "When it comes to how evolution impacts our behavior today, there is no one who has influenced my thinking more than Jonathan Haidt. In his book The Happiness Hypothesis, he writes: 'Humans are partially hive creatures, like bees, yet in the modern world we spend nearly all our time outside of the hive.'"

Excerpt from the Financial Times -- "'I’m a big fan of [professors] Aswath Damodaran and Nouriel Roubini and I knew both of them were teaching here so that got me really excited,' he says. Whether or not faculty also work in business is important, says Mijares. 'When you have classes with practitioners, you learn so much more because you’re learning about things that are happening right now.'"

Excerpt from The Economist -- "Science, wrote Paul Romer, an economist, in a paper published last year, leads to broad consensus. Politics does not. ... Anthony Randazzo of the Reason Foundation, a libertarian think-tank, and Jonathan Haidt of New York University recently asked a group of academic economists both moral questions (is it fairer to divide resources equally, or according to effort?) and questions about economics. They found a high correlation between the economists’ views on ethics and on economics."

Excerpt from MarketWatch -- "The NYU economist Nouriel Roubini says improvements in robotics and automation will boost productivity and efficiency, implying significant economic gains for companies. But this also means that many jobs — if not entire occupational categories — will become obsolete. ... ' By contrast, the Nobel laureate economist Michael Spence and James Manyika of McKinsey are considerably more optimistic about a new era of employment opportunity. They reject 'fatalism,' which they believe assumes that we are powerless to harness what we create to improve our lives — and, indeed, our jobs.'"

Excerpt from Bloomberg -- "Well, the market dynamics between excess supply -- inventory rising -- and demand being soft because of the weather and slow growth in China, emerging markets, and the US, would suggest that oil prices could go lower even from the current level. But if they're going to go lower towards $20 a barrel, I don't think it can stay there for a couple of reasons."

Excerpt from Reuters -- "I would say the good news is that this is not another global financial crisis. This is not another global recession. But I think that this is going to be worse than the recent episodes of risk ... that have been temporary for a month or two, like summer of last year when there was a worry about China. And then the market went down, there was a correction, and then reverted back to the same level by year end."

Excerpt from US News & World Report -- "According to stock return data compiled by Aswath Damodaran, a finance professor at New York University's Stern School of Business, the S&P 500 generates average returns to investors of more than 16.8 percent in the third year of presidential cycles, going back to 1928. That's well above the average 11.41 percent return seen between 1928 and 2015 and the 11.03 percent returns seen during election years like 2016."

Excerpt from China Radio International -- "The Chinese economy is just way bigger than it was 25 years ago. It's actually 30 times approximately as large as it was. And so it's absolutely natural that you would expect, as the economy grows bigger, the headline growth number would decline and to some extent, this transition from sort of an investment economy to a more service and consumption-driven economy is, I think, showing up in the numbers that we see."

Excerpt from The Globe and Mail -- "'Every media company in the world has visions of a buy button but it hasn’t worked,' Mr. Galloway says. 'It’s a consumer behaviour thing, when I’m drinking coffee and reading the paper in the morning, I’m not in a buying frame of mind.'"

Excerpt from Marketplace -- "As the economy progresses, technological change is constantly destroying jobs while creating new ones. And so the critical question here is are we at a point where the rate of job disruption has exceeded the rate of job creation or are we ... continuing a trend of creative destruction that leads to some jobs going and some jobs coming back."

Excerpt from Bloomberg -- "I think the underlying fundamental problem is that there is very broad based weakness and fragility in the underlying global market. And so the asset prices went off on a basis of what, with the benefit of hindsight, are unrealistic growth forecasts in China and the emerging markets, in Europe, and so on. And so I think the asset prices are volatile but in the process of resetting down."

Excerpt from CNBC -- "'A year ago they (markets) believed in this rhetoric of the Chinese government that China could achieve a soft landing; they could maintain growth at 7 percent; that the Chinese were a bunch of super heroic technocrats who could not do any wrong. And now they have gone to the other extreme, saying the policymakers are incompetent; they cannot stabilize growth, their currency, their stock market,' he said."

Excerpt from Fox 5 NY News -- "’We are, in-house, creating a prototype for a device that can help reduce bacteria on cell phones.’ [-Casey Clark (MBA '17)] ... ‘We've got two products. We've got a tattoo ink and a removal solution. [-Joshua Sakhai (BS '18)]’"

Excerpt from CCTV -- "There are hundreds of thousands of people who are coming in illegally and there is no set standard mechanism to admit them. ... They're trying to go to the northern European countries, some of them though get stuck in Greece and Italy. It's a huge problem."

Excerpt from Agenda -- "As corporations are increasingly pressed to address environmental and social problems related to their business, the question arises whether there is enhanced compensation disclosure that could help address a pressing, generally acknowledged, societal issue: income inequality and stagnating economic mobility. While there may be little consensus that senior executive pay is too high, it is easier to find consensus on the lack of shared prosperity, and a ratio does little to capture the ethical implications of neglecting pay and other policy considerations on workers’ lives."

Excerpt from LinkedIn -- "At the heart of this year’s meetings is the evolving nature of technology, how it is uniting the world in some ways and fracturing it in others. There’s always a presumption that people will adapt to whatever the world throws at them, and that’s true… until it isn’t. Each revolution is bigger and faster than the previous one, and our current tech revolution is the biggest and fastest one we’ve seen. We know technology can be a force for both good and bad; what matters is how it’s channeled."

Excerpt from the Forté Foundation blog -- "Bolstering the pipeline of diverse leaders organically requires a company to not only train employees to recognize and appreciate diversity of backgrounds—but also invest in development and mentoring early in an employee’s career."

Excerpt from the Forté Foundation blog -- "Being an efficient, high performer is crucial but will only get you so far. Cultivating relationships and building advocates in the workplace is where you truly establish value and position yourself to be indispensable."

Excerpt from The Wall Street Journal -- "Mr. Romer’s breakthrough was to identify the unique characteristics of ideas, information and knowledge to growth: Unlike a machine or a worker, an idea, once conceived, can be reproduced and shared endlessly for free. The determinant of growth then is both how many ideas a society creates, and how quickly and efficiently they are distributed. The printing press, telegraph and universal education were all formidable innovations in the production and dissemination of ideas. Today, the computer, Internet, open-source collaboration and urbanization offer staggering potential for generating new ideas."

Excerpt from the Financial Times -- "According to Nobel laureate Professor Michael Spence of the Stern School of Business at New York University, “[the economy] is a fragile and deteriorating situation globally, with little in the way of effective counter-measures'."

Excerpt from Project Syndicate -- "When Lagarde took the helm in July 2011, she inherited an institution in crisis. The global financial meltdown in 2008 and its economic aftershocks had discredited Western-led multilateral lenders and the free-market 'Washington Consensus.' Lagarde’s leadership has helped to restore the Fund’s reputation."