Experience Stern | News & Events

On September 18, 2017, the NYU Stern Center for Global Economy and Business hosted the inaugural David K. Backus Memorial Lecture featuring Professor and Nobel Laureate Thomas J. Sargent for a discussion entitled, “Risk Aversion or Mistaken Beliefs?”

Excerpt from The Daily Beast -- "David Yermack, the chair of New York University’s finance department who teaches courses on cryptocurrency, said buyers of any cryptocurrency should read the fine print to understand what they’re purchasing. 'You have to encourage people to do their homework on what they’re buying,' Yermack told The Daily Beast. 'You see people thinking they’re going to make a profit and flip this to someone more gullible next week. It’s what we in finance call the greater fool theory.'"

Excerpt from Xinhua -- "'We're awaiting the Trump administration's tax policy proposals, if what we hear is correct, we anticipate that they will propose to reduce the corporate tax down to about 20 or 25 percent,' Robert Salomon, associate professor at the Stern School of Business, New York University, told Xinhua in a recent interview. 'They will also attempt to reduce the individual income tax rates down to about the highest rate of 35 percent more or less,' he said."

Excerpt from Xinhua -- "'There are probably a number of big reasons for this,' [Eggers] explained. Pop-up stores have been attractive because of lower cost of renting real estate, lack of demand for other types of stores, and entrepreneurs who want to try out their concept and get a chance to see how the public reacts to it in different ways."

Excerpt from NBC News -- "'Modern economies depend on the provision of credit and the ability to quickly obtain household credit risk,' key efficiencies that the agencies provide. 'When there are public goods involved, the public sector should be involved to make sure there are protections for this data,' [Schoenholtz] said."

Excerpt from TheStreet.com -- "...NYU finance professor Aswath Damodaran suggests that unless Bitcoin becomes widely used to conduct transactions, it's just 'a lucrative, but dangerous, pricing game with no good ending.'"

Excerpt from the Associated Press -- "In a 2014 paper, two economists — Alexander Ljungqvist of New York University and Michael Smolyansky of the Federal Reserve — concluded that state corporate tax cuts did little to strengthen economic activity unless the cuts were made during a recession."

Excerpt from Fortune -- "Nordstrom Local, the latest of the upscale retailer’s initiatives as it experiments with new delivery formats, promises an in-store bar with wine, beer, coffee, and juices; eight fitting rooms; alterations; convenient merchandise pick-ups and returns; manicures; and expert image consulting advice from its knowledgeable personal stylists. Instead of a point of sale, the Local aspires to become a physical manifestation of the Nordstrom brand, creating indulgent customer experiences that can be completed with purchases through any of the retailer's other channels."

Excerpt from Engadget -- "'There are some parallels with Japan's protectionism of its auto industry, which runs very deep in its political and economic system,' said Anindya Ghose, a China business expert at NYU's Stern School of Business. ... 'The fact that Facebook, Google, Twitter, Instagram and YouTube are all blocked in China has no doubt benefited the tech titans of China, such as Baidu, Weibo and Tencent,' said Ghose."

Excerpt from CityLab -- "Public charging stations in the U.S., by comparison, clock in at just 16,000. Still, 'I don’t think there are more than a couple dozen publicly available charging stations in any city,' Sabrina Howell, a New York University finance expert who focuses on China, tells CityLab in an email."

Excerpt from Sourcing Journal -- "In an interview with Sourcing Journal, Dorothée Baumann-Pauly, the research director and author of the new brief, said, 'There’s mounting evidence now that this universe of factories in Bangladesh is currently larger than any stakeholder is willing to acknowledge. If you now assume a universe of factories that’s larger than 8,000, that just shows that a lot of workers are still unprotected and fall outside of the scope of these programs.'"

Excerpt from Find MBA -- "In the EMBA program, classes will meet one weekend a month, which means that students from the surrounding area would be able to travel in for classes. The program takes just under two years to complete. Two specialty tracks will be available as part of the EMBA: Finance & Analytics and Strategy & Leadership. The program will also include a Global Study Tour, which is a week-long residency in a country outside of the US."

Excerpt from Talent Economy -- "'... very often, they might be too narrowly focused in their capabilities,' said Ari Ginsberg, professor of entrepreneurship and management at the NYU Leonard N. Stern School of Business. 'For the company to meet its high-growth potential, that requires a different kind of talent.'"

Excerpt from BusinessBecause -- “The Internet under net neutrality has been an engine of growth for the tech sector and more broadly for the US economy. Killing it will have a devastating effect on entrepreneurs and new small businesses."

Excerpt from Yahoo Finance -- "I think a big part of the competition for the next digital device is going to be those connections they make to physical, real-world retail, getting the stuff that you want. And while Apple is a leader in digital commerce -- they've got the music, they've got iTunes -- they're still lagging behind in preparing for a reality where these mobile devices, they're not just the thing you show off to your friend or the thing you use to manage your digital life, they are the things that we use to interact with the physical world."

On September 13, NYU Stern's W. R. Berkley Innovation Labs welcomed hundreds of aspiring entrepreneurs to learn more about the $300K Entrepreneurs Challenge, one of the largest venture competitions and accelerator programs in the world.

The NYU Stern Center for Global Economy and Business will host a panel discussion entitled "Environmental, Social, and Governance Factors in Portfolio Management" on September 13, 2017.

Excerpt from CNBC -- "...their ability to do what American Express did with the black card and cement its position as the premier product with the iPhone X, I think it's just going to be interesting to see how cool and sexy and aspirational it is as they move towards quadruple digits for a phone and trying to cement their position as the luxury brand in tech."

Excerpt from MetroMBA -- "The forum was titled, 'The Economic and Market Outlook.' NYU Stern Director of the Center for Global Economy and Business Kim Schoenholtz moderated the discussion, which featured three panelists, including: Citigroup’s Willem Buiter, Deutsche Bank’s Peter Hooper, and Berenberg’s Mickey Levy."

Excerpt from Label & Narrow -- "While many might think that the internet is having a negative impact on labels and packaging, Serdari took the opposite approach. 'Everything happening online and through digital channels is affecting–in a positive way–how the field of packaging is evolving,' said Serdari."

Excerpt from Find MBA -- "At NYU Stern, students doing an MBA in general management can select up to three specializations—or choose not to specialize at all. As of fall 2016, Stern’s full-time and part-time MBA students can also choose FinTech as a specialization, a first among top business schools, and take electives from eight new courses. 'We have twice the enrollment expected in our inaugural Foundations of FinTech course, being taught for the first time this fall to undergraduates and in the spring to MBAs,' says Kathleen DeRose, FinTech Executive-in-Residence at NYU Stern. 'We're even expanding beyond the MBA program in our course offerings as the popularity of the newly created foundational course has been way above expectations.'"

Excerpt from Poets & Quants -- "Not only is the center centrally located — four blocks from the Capitol building and 15 minutes from the airport and Union Station — but it also allows the program’s structure and infrastructure to be entirely owned by NYU and Stern. That’s something Sundaram points to as an important factor in deciding to take the EMBA to a new region. He adds that the proximity from New York to Washington makes for relatively short commute for professors who teach in the program."

Excerpt from the Washington Business Journal -- "Students can expect 'an intellectual espresso,' as Henry describes it — a high-impact, high-energy experience that includes social time, professional networking and a deep dive into coursework. Each student will complete about 20 classes, or 60 credits, and faculty will be hand-picked from the New York campus. Students also complete a global study tour, which consists of a week living in another market outside of the U.S."

Excerpt from Bloomberg -- "We need a serious approach to address the skills gap. What I'd like to see, for instance... So we have $2.5 trillion sitting off shore, and we were talking about tax reform. ... Even if you said to U.S. firms, we're going to allow you to bring all those $2.5 trillion assets back tax-free, just a 5% charge, to fund a national skills development pool, that would give you a $250 billion endowment to begin thinking about seriously addressing the skills gap, for instance. I've seen nothing that bold on the table to really say that we're going to address the downsides of globalization."

New York University Stern School of Business is extending its New York City-based Executive MBA program (EMBA) to downtown Washington, D.C. Now senior-level executives who work in the surrounding region, along with others who can travel periodically, can earn an MBA from the highest ranked EMBA program in this local market.