Experience Stern | News & Events

Excerpt from Salon -- "A working paper by Solly Angel and Patrick Lamson-Hall, 'The Rise and Fall of Manhattan’s Densities, 1800-2010,' touches on all of these issues in its quest to chart two centuries of settlement patterns on the island. Angel, a professor at NYU’s Stern Urbanization Project, and Lamson-Hall, a research scholar at the same, show that historical density is not as simple as dividing population by area — and above all, that it is only tenuously related to the architectural profile of the city."

Excerpt from MarketWatch -- "...we’re kidding ourselves if we think that market reforms will be able to prevent [stock market crashes]. The only real solution is to devise investment strategies with the knowledge that big daily drops are unavoidable. These truths are what emerge from academic research into the frequency of market crashes. That research traces to 'Institutional Investors and Stock Market Volatility,' a study conducted a decade ago by Xavier Gabaix, a finance professor at New York University, and three scientists at Boston University’s Center for Polymer Studies: H. Eugene Stanley, Parameswaran Gopikrishnan, and Vasiliki Plerou."

Excerpt from Luxury Daily -- "'What is missing is cultural insight that needs to be internal,' Ms. Serdari said. 'To either partner with people who are bicultural–which is very different than bilingual, by the way–or to hire talent because even though it is expensive, [brands] will have much more return on their investment in the long term if [they] really have people who interpret who the local celebrity is, what TV show is watched, is there a Gossip Girl in Brazil, for example,' she said. '[Brands should ask], are we going to showcase our merchandise with that particular platform? Why or why not?'"

More than 20 TRIUM Global Executive MBA program alumni and students gathered at NYU Stern on Wednesday, October 15, to hear about and discuss their entrepreneurial projects and Global Incubator Capstone stories

Excerpt from Harvard Business Review -- "'When I was just starting at HBS [as a professor] in 1983, Fudenberg and Tirole were kind of the reigning duo of young theorists,' says Pankaj Ghemawat, who now teaches at NYU’s Stern School and the IESE Business School in Barcelona. 'Every single working paper of theirs was eagerly awaited.'"

Excerpt from Christian Science Monitor -- "Public announcements like Burse’s can become the pretext for asking departments to reign in their budgets and employees to take similar salary cuts. An executive can use himself as an example in these situations, Dr. Yermack says. The Courier-Journal reported that Kentucky State University has a $7 million budget gap. 'This is purely symbolic,' Yermack says."

Excerpt from SNL Financial -- "The insurers took on an increasing percentage of below-investment-grade bonds and shifted more assets to off-balance-sheet vehicles, while escaping scrutiny through "regulatory arbitrage" techniques, C.V. Starr Professor of Economics Viral Acharya said Oct. 14. The result is an industry that has added to its systemic risk during a period where most others are focused on reducing financial hazards. 'Everything in financial plumbing is connected to each other,' he said. 'We find that the insurance sector really doesn't seem that different from the banking sector.'"

Excerpt from BBC News -- "As NYU economics Prof Gian Luca Clementi tells the Tampa Bay Times, 'factors like government expenditure and private investment mean that buying power and [the total income produced in a country] aren't comparable.'"

Excerpt from Crain's -- "'Research suggests STEM education develops critical-thinking skills and science literacy, which drives innovation and economic expansion,' said Ari Ginsberg, a professor of entrepreneurship at New York University. 'The business world has signaled its need to hire people with substantial STEM expertise, and parents want to make sure those opportunities are available to their children.'"

Excerpt from Marketplace Radio -- "It's going to make it more costly for these entities to borrow, so they're going to less of it... And, in the event the entity runs into difficulties, the amount of collateral will be greater. The lenders to the entity will feel more secure, [it] will be less likely that there will be a run on this entity and less likely that there will be a run on other similar entities."

Excerpt from The Wall Street Journal -- "'Uber and Lyft are sort of changing the business model, whereas Hailo is trying to layer on top of the existing one,' said Arun Sundararajan, a professor at New York University’s Leonard N. Stern School of Business."

Excerpt from Bloomberg Businessweek -- "I spoke today with Lawrence J. White, who helped develop the original Justice Department horizontal merger guidelines as chief economist of its Antitrust Division under President Reagan in 1982 and 1983. 'This is a well-deserved award,' says White, who is a professor of economics at New York University’s Stern School of Business. The theories of Tirole and others probably influenced antitrust regulators to put conditions on Comcast’s acquisition of NBC Universal, White says."

Excerpt from The New York Times -- "'So now, when there is a major merger that involves important vertical relationships, the authorities take a more nuanced view,' said Mr. White, who served as chief economist of the antitrust division of the Justice Department in the early 1980s. 'And we have Tirole in part to thank.' Mr. White said a recent example came in 2011, when the government conditioned Comcast’s acquisition of NBCUniversal on the terms of a deal that made NBCUniversal’s content available to Comcast’s rivals."

Excerpt from Bloomberg -- "'There was too much complacency about the euro zone getting out of its crisis,' said Nouriel Roubini, chairman of Roubini Global Economics LLC in New York. 'The center of tension is another downturn in the euro zone.'"

Excerpt from The Hill -- "Many observers fear that ICANN could soon be subject to the heavy-handed influences of governments that do not share the values that have led to the innovation, flexibility and openness that has hitherto characterized the Internet. The United States' proposed withdrawal is the opportunity for a rethinking of ICANN's governance structure. Moreover, we believe that there is a reasonable solution to ICANN's longstanding accountability problem that would mitigate concerns of government influence."

Excerpt from PBS NewsHour -- "There’s no clear way of predicting that people are going to lose their jobs in the long run. There’s definitely going to be a shift, in the same way that a century ago, like, 25, 30 percent of the United States worked in agriculture. Today, it’s less than 1 percent."

Excerpt from The New York Times -- "A handful of academic researchers have studied what goes on inside our heads when credit cards are in our wallets, and even people who do not carry a balance each month are prone to overspending for a variety of reasons. ... A study in 2008, titled 'Monopoly Money,' featured a gift card denominated in dollars. Even though the gift card lost value instantly when people used it, people were still more likely to spend freely with it than they did with cash."

In an address at the University of Michigan on Friday, Michael Posner, co-director of the NYU Stern Center for Business and Human Rights, called for American colleges and universities to adopt uniform human rights standards relating to three aspects of their business operations – product licensing, procurement of goods and services and with respect to their investments.

On October 10, NYU Stern's Graduate Finance Association (GFA) will host its 19th annual conference.

Excerpt from Financial Times -- "It is also possible that productivity growth might be only temporarily low in rich countries, a view expressed by professor Paul Romer of the Stern School of Business at New York University. He said it was 'possible we’re really missing a huge opportunity by not being more aggressive on the demand side right now', and called for a more aggressive monetary stimulus."

Excerpt from Marketplace -- "[Icahn is] a 78-year-old man worth $23 billion, whose favorite sport seems to be arguing with CEOs. 'Activism in general draws a person who does not shy away from the limelight or shy away from a fight,' says Scott Galloway, professor of marketing at NYU's Stern School of Business."  

Excerpt from Bloomberg -- "Fund managers need to take into account changes in the composition and behavior of fellow investors, said Aswath Damodaran, who focuses on equity valuation as a professor of finance at New York University’s Stern School of Business. 'These retirement funds have longer time horizons and preferences for larger dividend paying stocks than the rest of the market,' he said in an e-mailed response to questions. 'The old metrics, applied lazily and as rules of thumb, will yield the conclusion that these stocks are over-priced. If you believe that the fund flows have changed, you have to find a way to bring it into your analysis.'"

Excerpt from The Telegraph -- "In a separate IMF panel discussion on Wednesday with NYU professor Paul Romer and Ernesto Zedillo, the former president of Mexico, Mr Spence said it was imperative that governments overhauled labour laws to tip the balance back in favour of younger workers, who had paid a 'dreadful price' in the aftermath of the crisis."

Excerpt from Fast Co.Design -- "'If comprehending human communication consisted merely of translating sentences and syntax into thoughts and ideas, there would be no room for misunderstanding,' Kruger and company write. 'But it does not, and so there is... Email recipients only identified seriousness or sarcasm 56% of the time--not much better than chance.'"

As a part of the Conversations on Urbanization series held by NYU Stern’s Urbanization Project, Paul Romer, Professor of Economics and Director of the Urbanization Project at NYU Stern, University Professor and Director of NYU’s Marron Institute of Urban Management, spoke with Mark Kleiman, Professor of Public Policy in the UCLA School of Public Affairs, in a public presentation on October 9.