Experience Stern | News & Events

Excerpt from Forbes -- "Accelerators serve an important need for startups that may have great, viable ideas but lack the diversity of expertise to pull them off and maximize their potential. Accelerators serve important roles for existing companies, infusing them with new perspectives, an entrepreneurial spirit and providing cutting-edge learning through mutual problem solving."

Excerpt from ValueWalk -- "Most mathematical articles in peer reviewed academic finance journals suffer from lack of model specificity, failing either to properly define terms or to specify exactly what they are trying to prove, or drawing conclusions in ordinary language that aren’t warranted by the mathematics. In these respects, they resemble more what economist Paul Romer has called mathiness than real mathematics." 

Excerpt from BusinessBecuase -- "'The potential appears to be enormous. Most of the large banks and other financial record-keeping institutions are looking closely at the technology,' says David Yermack, chair of NYU Stern’s finance department. 'It may turn out to be as important as the advent of double-entry bookkeeping in the Renaissance.'"

Excerpt from US News & World Report -- "NYU's Stern School of Business has created a series of market-specific courses, for example, by partnering with business schools in 25 countries that provide course materials used for the semester and host students for one- or two-week trips."

Excerpt from Project Syndicate -- "Over the last 35 years, Western democracies have seen a rapid rise in political instability, characterized by frequent shifts in governing parties and their programs and philosophies, driven at least partly by economic transformation and hardship. The question now is how to improve economic performance at a time when political instability is impeding effective policymaking."

Excerpt from BusinessBecause -- "Roy Lee, assistant dean of NYU Stern’s MS in Business Analytics, says students see the curriculum as an opportunity. 'They looked within their own organizations and saw companies that claimed to be analytical but that weren’t taking full advantage of business analytics to fuel future growth,' he says."

Lord Mervyn King, former Governor of the Bank of England, Baron King of Lothbury, Alan Greenspan Professor of Economics, and Professor of Economics and Law at NYU, addressed students, faculty and alumni from NYU Stern and NYU School of Law during a fireside chat on his new book The End of Alchemy: Money, Banking, and the Future of the Global Economy this March.  

Excerpt from Marketplace -- "[Alter] said plenty of people want to leave reviews, 'especially if they're really really happy or really really unhappy.' Alter said companies use this feedback in different ways. 'So some will just use the numbers as a threshold just to help them make very broad personnel decisions,' Alter said 'Others might even tie compensation to the numbers.'"

Excerpt from MarketWatch -- "I think that, in Europe particularly, and increasingly now in China and probably other emerging markets, that the bank system is a lot weaker than people would like to feel it is and we should be concerned about that because we haven’t made the fundamental reforms to banking that I think are necessary to mean that we are immune from bank runs. And a loss of confidence in the banking system in another part of the world will impact back on us. One of the things I do feel is that people in the United States often do not give sufficient weight to the impact of what’s happening in the rest of the world. It feeds back on the U.S."

Excerpt from Fortune -- "Such regulations level the playing field of competition between the cable company and the streaming services. The big beneficiaries are the consumers who will end up paying only for what they watch, and paying much less. Expect millions to cut the cable cord. And innovation will finally reach the cable TV world." 

Excerpt from BusinessBecause -- "Applications to these programs have surged. Stijn Van Nieuwerburgh, director of NYU Stern’s Center for Real Estate Finance Research, says: 'The tangibility of real estate assets differentiates it from finance in a way that many students find very attractive.'"

Excerpt from WPIX -- "This is just the beginning, as an economist at the NYU Stern School of Business pointed out. 'They've got a lot of catching up to do,' Lawrence White said about Cuba's economy in an interview with PIX11 News. '[Cuba will] achieve bigger gains. [But] to the extent that Americans want to spend leisure time' in Cuba, and in other ways that Americans want to take advantage of their neighbor to the south, 'It's not a zero sum game, that's for sure,' White said."

Excerpt from The Wall Street Journal -- "Under current accounting rules, U.S. companies don’t record those items on their books as assets. 'It’s 19th-century accounting,' said Baruch Lev, an accounting and finance professor at New York University’s Stern School of Business. The absence of abstractions like brand value on corporate balance sheets prevents investors from properly gauging their risks, said Mr. Lev. 'It’s an incredibly important issue,” he said. “Investment in intangibles is almost completely obscured from investors.'"

Excerpt from BBC News -- "'[Mr Ackman] has put his credibility on the line and it could make or break him,' Aswath Damodaran a professor of finance at New York University, told the BBC. 'The markets are going to decide [Valeant's] value- his words could initially stem the problem, but they don't mean as much now,' said Mr Damodaran."

Excerpt from Bloomberg -- "'Five years from now, if there is not enough structural reform, if eventually the fiscal problems are not resolved, you are going to run out of monetary policy bullets,' Roubini said. 'The right thing can be done and therefore there will be light at the end of the tunnel for Japan. So I would not give up on Japan.'"

Excerpt from Foreign Affairs -- "... lots of people look at say the Chinese stock market, specially given the huge run up and then the meltdown that's happened over the last year-and-a-half. Now, what's interesting is that between 1990 and 2013, Chinese stock prices were essentially flat while the country was growing rapidly. So this is a little bit of a reminder that we still have very different economic systems, and that stock prices are way less informative in countries like China, where pretty much all stocks tend to move up or down on a given day, than they tend to be in countries with well functioning capital markets, like the United States."

Excerpt from HK TV -- "Well, certainly for China, our national pride. There's certainly pride in having national champions out there operating on a global basis. This is something that provides economic pride. Something that folks in the Chinese economy can look at and say, 'Hey, wow, look, we're a player on the global stage now. We have companies that are operating all throughout the globe." 

Excerpt from Big Data -- "Google CEO Eric Schmidt gave the opening talk, listing the recent advancements in AI that have enabled capabilities for solving previously intractable problems. He stressed that AI should forge a future that benefits 'the many' instead of 'the few.' Challenges in water purification, synthetic food production, logistics of distribution, and optimal management of supply/demand of energy are some of the areas where our ability to leverage natural flows of data governs our ability to meet our collective needs."

Excerpt from Christian Science Monitor -- "The 2011 film 'The Adjustment Bureau,' which combined aspects of a thriller and a romance, was marketed using separate trailers aimed at women and at men, write Al Lieberman and Patricia Esgate in their 2011 book 'The Definitive Guide to Entertainment Marketing.' 'The trailers were accurate in their use of footage from the film but simply focused on the action and drama for the male audience and made the romantic scenes more prominent and expansive for the female audience,' they write. 'Neither audience was disappointed because both were satisfied by the story, content, and elements each was seeking.'"

Excerpt from Bloomberg -- "I think they're really trying to squeeze this turnip as hard as they can, right? Little too big, little too small. But this is basically the iPhone 5 with updated components, and a lot of people like the small phone. So it makes a lot of sense. It's evolutionary, not revolutionary. But they'll get incremental profits and margins because this is arguably the first tech product in history that its margins have expanded as it's matured. People still love the iPhone."

Excerpt from WIRED -- "'The attitude is if you violate my values, you won’t get to speak,' says Jonathan Haidt, a social psychologist at the New York University Stern School of Business. In fact, Trump has blamed supporters of Democratic presidential candidate Bernie Sanders and the liberal group MoveOn for trouble at the rallies. 'Of course they hate Trump and what he stands for,' Haidt says. 'But what gives them the right to disrupt, interrupt and shut down a political event? If they do that at a Trump rally, are they surprised that people will try to hit them?'"

Excerpt from ABC -- "Vengo designs and manages mini high-tech vending machines. Vengo sets up shop in your favorite locations and gets you the products you need, instantly."

Excerpt from Xinhua -- "'Japan is not at the center of global concern as such, but certain policy decisions including the BOJ adopting a negative interest rate recently have had a ripple effect following similar moves in Europe, with banks there also going negative,' Roubini, also a professor of economics at New York University's Stern School of Business, explained."
 

Excerpt from WIRED -- "'This is unambiguously bad for theater owners,' says William Greene, an economics professor at the NYU Stern School of Business, who studies the media and entertainment industries. 'But I do not see much of an upside for studios.'''

Excerpt from Clear Admit -- "Violeta Stolpen, 29, was drawn to Stern because she saw it as a place where she could be part of a growing social impact and sustainability movement. 'I thought at Stern I could make a mark rather than getting lost in the crowd,' she says. She saw a ton of social impact courses that interested her, but she also knew she wanted to have a well-rounded management education that wasn’t solely focused on social impact."