Experience Stern | News & Events

Excerpt from Forbes -- "Haidt says problems that are 'tame problems' can be solved by experts. These are problems like: How can we prevent Cholera? They are 'definable, understandable and consensual.' Scientists can converge on a solution. But problems that are 'wicked problems' cannot be solved by experts. These are problems like poverty, racism and education. Our approach to these problems is 'shaped by moral and political values,' he says, and that is true even of the experts."

Excerpt from TIME -- "In 2015, political conflict among the world’s great powers is in play more than at any time since the end of the Cold War. U.S. relations with Russia are now fully broken. China’s powerful President Xi Jinping is creating a new economy, and the effects will be felt across East Asia and the rest of the world. Geopolitical uncertainty has Turkey, the Gulf Arab states, Brazil and India hedging their bets."

Excerpt from Business Today -- "It would be a folly to advocate more (or less) globalisation without a clear understanding of how globalised India really is today. We answer that question here based on the results of our DHL Global Connectedness Index 2014, which measures the globalisation levels of 140 countries. It factors in hard data related to trade, capital, information, and people flows."

Excerpt from Economic Times -- "As dean, Menon works with three core principles for the undergraduate college — academic excellence and innovation; glocal (global plus local) perspective, increasing opportunities for students to participate in the academic, cultural and professional communities of NYC; and a vibrant Stern community, working through students, alumni, parents, corporate partners and employers. Under her watch, applications to the undergraduate college have reached an all-time high."

Excerpt from The New York Times -- "Stereotypes flourish in ignorance. Liberal and conservative perceptions of one another can be ignorant and patronizing because they have so little personal experience of one another. Intriguingly, research by the social psychologists Jesse Graham, Brian A. Nozek and Jonathan Haidt has shown that liberals exhibit the least accurate perception of those with opposing political views."

Excerpt from Marketplace -- "'Grocery is the largest consumer category in the world,' [Galloway] says. 'It’s this unique combination of being the biggest consumer category in the world and also the most digitally inept, which all spells opportunity.'"

Excerpt from The New York Times -- "'I do think they’re at a critical moment,' said Thomas F. Cooley, an economics professor at the Stern School of Business at New York University. 'There has got to be some attempt on the part of the E.C.B. to stimulate the economy. They are the only ones capable of doing the heavy lifting.'"

Excerpt from mbaMission -- "[Carr] served formerly as the executive director of the Berkley Center for Entrepreneurship & Innovation and has quickly garnered a reputation as one of the school’s most respected marketing experts, featured by such major news outlets as NBC and the New York Times. Carr is president of Marketing Foundations Inc. and has worked on projects for Booz Allen Hamilton, IBM, General Electric, Pfizer, Kodak, Time Inc., and Unilever."

Excerpt from Economic Times -- "'Surge pricing is a way of balancing supply and demand,' agreed Arun Sundararajan, a professor at the Stern School of Business at New York University, whose research is focused on digital economics."

Excerpt from CNBC -- "With lower energy prices, I think we're going to see an environment where retail consumption is going to increase and ... [for] companies who have a cost structure highly tilted towards energy prices, you're going to see that reduced and you're going to see an increase in earnings and an increase in free cash flow."

Excerpt from CCTV -- "'You’ve got a captive audience. We love that in the advertising industry because the folks are there, waiting for something to happen. The ball to drop, the countdown, there’s entertainment,' said Al Lieberman, director of entertainment, media and technology at New York University’s Stern School of Business."

Excerpt from Inc. -- "'Today we are focused on technology, and there is so much fascination about the latest major innovations,' says Richard Sylla, a professor of economic and financial history at New York University's Stern School of Business. 'And our fascination with technology today borders on the fascination with energy in the 1970s and 1980s.'"

Excerpt from Project Syndicate -- "Recent technological advances have three biases: They tend to be capital-intensive (thus favoring those who already have financial resources); skill-intensive (thus favoring those who already have a high level of technical proficiency); and labor-saving (thus reducing the total number of unskilled and semi-skilled jobs in the economy). The risk is that robotics and automation will displace workers in blue-collar manufacturing jobs before the dust of the Third Industrial Revolution settles."

Excerpt from The Times of India -- "'I believe that markets often get the macro trend right but get over-optimistic about the micro trends. There'll be a day of reckoning, where investors will start demanding results and start re-pricing these companies. There'll be a shaking out of the sector and the wheat will be separated from the chaff,' says Aswath Damodaran, professor of finance at the Stern School of Business at New York University."

Excerpt from American Banker -- "Tom Cooley, professor of economics at New York University's Leonard Stern School of Business, said the idea of investigating asset management is not necessarily wrong on its face. But he said the FSOC's approach opened it up to criticism and made the council look weak. 'That was just kind of wrongheaded in the way you think about asset managers,' Cooley said. 'They kind of got it wrong and kind of jumped the gun, and [it] got a lot of people who don't like Dodd-Frank to jump down their throats.'"

Excerpt from Bloomberg -- "[Teen retailers] have been caught in a situation where there have been two real problems. One, they've had these CEOs who have been very outspoken, controversial, gotten themselves into trouble. But we're also seeing a real shift in the generations and the needs and wants of the teenage population. What worked for these companies 5-6 years ago is just not working at this point in time. They need to find a way to connect to a bunch of consumers who don't spend as much money on clothing, who aren't as interested in having the absolute hottest new item on the market, but they still need to find a way to appeal to these consumers."

Excerpt from BBC -- "'The idea that we can go on indefinitely with very low interest rates doesn't make much sense,' said Lord King. However, he warned that if interest rates rose now, it 'would probably lead to another downturn.'"

Excerpt from Beijing Review -- "According to research by the Commission on Growth and Development led by Nobel laureate Michael Spence, after World War II, 13 economies utilized the latecomer advantage to achieve annual GDP growth of 7 percent or more for 25 years or longer, more than double the growth rates of developed countries."

Excerpt from MarketWatch -- "Earlier this year, TWC and Comcast announced plans to merge. (TWC has approximately 11 million video subscribers, and Comcast CMCS, +166.98% has around 22.6 million video customers.) More movies, television shows and live sporting events being produced by one company means less competition and more seller power, says Samuel Craig, director of the Entertainment Media and Technology Program at New York University’s Stern School of Business."

Excerpt from LinkedIn -- "In his excellent book on moral philosophy The Righteous Mind, Jonathan Haidt argues that social binding is one of the secrets of the human race’s extraordinary rise, and that some cultural attributes of human society, such as religion or patriotism, actually inspire people to be willing to sacrifice their very lives for the benefit of the larger group. Military exercises such as marching in step together work well for armies precisely because they trigger our 'hiving' instinct."

Excerpt from CCTV -- "'As long as we we continue to see solid labor market data, it’s pretty likely that you’re going to see a Fed increase, [in the] third or fourth quarter of 2015,' professor Joseph Foudy of New York University’s Stern School of Business said. 'It would take some pretty significant negative surprises to push that off. Similarly speaking, we’d have to see sudden strong increases in inflation, particularly wage inflation, before you got any talk of moving it earlier.'"

Excerpt from The Wall Street Journal -- "The market is a victim of 'the ladder of pricing,' says Aswath Damodaran, a professor of finance at the Stern School of Business at New York University and an expert in corporate valuations. Investors and founders are arguing that if 'A' is worth 'X' billion, then their own company, which has just as many 'eyeballs,' or just as much revenue, or just as big of a market opportunity, must be worth near or above 'X,' he says."

Excerpt from Project Syndicate -- "A remarkable pattern has emerged since the 2008 global financial crisis: Governments, central banks, and international financial institutions have consistently had to revise their growth forecasts downward. With very few exceptions, this has been true of projections for the global economy and individual countries alike. It is a pattern that has caused real damage, because overoptimistic forecasts delay measures that are needed to boost growth, and thus impede full economic recovery. Forecasters need to come to terms with what has gone wrong; fortunately, as the post-crisis experience lengthens, some of the missing pieces are coming into clear focus."

Excerpt from Bloomberg -- "'Syriza’s program includes blackmailing the European Union by not paying the debt Greece owes to European countries,' Nicholas Economides, an economics professor at New York University’s Stern Business School, said in an e-mail. 'It also includes significant increases in salaries, pensions, and the number of civil servants. None of these actions are feasible with Greece in the euro zone.'"

Excerpt from San Francisco Chronicle -- "'Twilio is one of the hidden giants of the sharing economy,' said Arun Sundararajan, an NYU business professor who studies the emerging sector in which people rent, sell or share assets with others. 'They are a critical piece of the infrastructure.' The reasons are clear, he said. Peer-to-peer marketplaces need to facilitate trust among participants, since their core businesses require people to get into strangers’ cars or stay in strangers’ homes, for instance. But at the same time, participants may want to shield aspects of their identity."