Experience Stern | News & Events

Excerpt from Poets & Quants -- "...Stern recently received an $8 million donation from an alumnus to establish the Fubon Center for Technology, Business, and Innovation, a central hub to support technological innovation in areas such as fintech, business analytics, technology, and entrepreneurship. Part of those dollars will go into hiring new professors for fintech as well as faculty and curricular development in the area, Yermack says. ... 'The overall message is, like the world out there, we’re trying to evolve at the right pace. That means helping our students evolve too,' DeRose continues."

Excerpt from CNBC -- "..internet service is an interstate service across states and is regulated by the federal government so I don't think the states are going to be successful. What might happen is that congress might pass a rule, a law, that says net neutrality is okay and reverses the present regulation.."

Excerpt from WalletHub -- "If someone desperately needs credit, then an unsecured credit card may make sense; but the risks are that he/she will find repayment difficult, and then will face mounting late fees and penalties, which can greatly increase the debt burden. Further, he/she ought to explore other (potentially lower-cost) possibilities, such as borrowing from a credit union -- or even borrowing from friends or family. If he/she does use the credit card, focusing on repayment as soon as possible can help reduce the burden of those fees and penalties."

Excerpt from PolitiFact -- "'Data on other states indicate that a majority of individuals in jails (as opposed to prisons) are present due to failure to make bail, and so are awaiting criminal trial prior to sentencing,' said Arpit Gupta, an assistant professor of finance at NYU's Stern School of Business who has researched the bail system and its impact on low-income defendants."

NYU Stern's W. R. Berkley Innovation Labs will welcome NYU alumni, angel investors, venture capitalists, entrepreneurs and industry innovators to the 16th Annual New Venture Showcase.

Excerpt from CNNMoney -- "Russell Winer, a marketing professor at NYU's Stern School of Business, said low-cost competitors aren't going away anytime soon, but established companies have a key ingredient new ones lack: brand power."

Excerpt from the Triangle Business Journal -- "The share of students strapped with more than $50,000 in student debt has exploded since 2000, according to new research from Adam Looney of The Brookings Institution and Constantine Yannelis of NYU Stern. While there were 5 percent of student borrowers who had more than $50,000 in student debt back in 2000, that share grew to 17 percent of student borrowers by 2014."

Excerpt from ABC News Radio -- "'In the case of bitcoin and other digital currencies, you're really relying on the mathematics and probabilities behind them that provide the basis for security that you believe that there won't be too many issued because you can see the equations and the criteria for adding more units of currency,' added Yermack, who also teaches a course on bitcoin and cryptocurrencies."

Excerpt from the Economic Times -- "Automation is going to gulp up a lot of the jobs where China, Thailand, Vietnam and Bangladesh have historically relied heavily on certain professions to employ unskilled people. It really depends on the profession and the extent to which supply and demand are collocated."

Excerpt from Livemint -- "This is going to be a period of adjustment for everybody. Asset prices that have perhaps been inflated because money was so cheap and so things will have to adjust. Now what form that adjustment is going to take—nobody has a crystal ball to be able see but it is going to be a difficult period for everybody in financial markets."

Excerpt from BizCommunity -- "'The university will confer an honorary doctorate on Prof Engle in recognition of his pioneering discovery of a method for analysing unpredictable movements in financial market prices and interest rates. This method, employed by private and public sector economic researchers and practitioners operating as financial markets analysts and economic decision-makers, has become indispensable,' said the Executive Dean of the College of Business and Economics (CBE), Prof Daneel van Lill."

Excerpt from The Star -- "'Technically, all development is a form of TOD. Otherwise, you would never have development in a place without adequate transportation. Unless it is built with subsidies for example,' said Lamson-Hall, who has a master’s degree in Urban Planning from the NYU Wagner School of Public Service."

Excerpt from CIO -- "The first question for regulators, Dhar says, is do state-of-the-art AI systems — regardless of application domain — result in acceptable error costs? For example, transportation regulators might determine that since autonomous vehicles would save 20,000 lives a year, the technology is worthwhile for society. 'But for insurance markets to emerge, we might need to consider regulation that would cap damages for errors,' he says."

Excerpt from Adweek -- "'The NBA and its players are very effective at reaching fans through social media,' said Paul Hardart, marketing professor at the NYU Stern School of Business. 'They’ve done a great job with connecting with broader cultural trends, whether it’s with music—Drake and Jay-Z citing the game in their songs—or fashion, to the point where the NBA has become its own fashion brand to some degree.'"

Excerpt from BusinessBecause -- “Our business and human rights courses and research opportunities explore how businesses can proactively address issues that may have an impact on the bottom line such as: the risks in global manufacturing supply chains, the exploitation of migrant workers or the dangers to leading Internet companies posed by harmful content online.”

Excerpt from Poets & Quants -- "While the Big Apple may be the perfect starting point for a finance career, Scheer credits something altogether different for his decision to enroll at Stern. 'It was the passion, warmth, and propensity for mentorship displayed by the Stern Military Veterans Club that made the choice easy,' he writes."

Excerpt from The New York Times -- "...when employers want to know how good a worker is, they have several alternatives to considering salary history, many of them more revealing. They can, for example, interview the candidate, read letters of recommendation, and talk to former employers and co-workers. In a recent study, the economists John Horton of New York University and Moshe Barach of Georgetown University conducted an experiment on a prominent online freelancing platform and found that employers responded in precisely this way."

Excerpt from The New Yorker -- "In 'Quirky: The Remarkable Story of the Traits, Foibles, and Genius of Breakthrough Innovators Who Changed the World,' Melissa Schilling gathers eight titans of STEM—among them Albert Einstein, Steve Jobs, Nikola Tesla, and Benjamin Franklin—and finds that they share a handful of key traits."

Excerpt from MoneyControl -- "Is there any good ideological reason for holding on to nationalised banks? My personal opinion again, probably not. I think one of the things that a nationalised bank has is this implicit safety net that the government is going to bail us out anyway. So somewhere I read recently that of the USD 200 billion of impaired loans in the system is something like a 180 billion are in various public sector banks which makes the recent recapitalisation of USD 32 billion seem like if not a drop in the ocean, at least - inadequate."

Excerpt from Mother Jones -- "The credibility boost was similarly strong when subjects were told the ads were not vetted by regulators—which is true. 'We made explicit to half of participants (and repeatedly reminded them) that the Federal Election Commission had not evaluated the content,' Critcher and Jung write. Even subjects who acknowledged that the Stand By Your Ad tagline did not reflect an ad’s truthfulness were significantly influenced, according to the paper."

Excerpt from China Daily -- "'Many Chinese consumers have a lot of disposable income and during the New Year there are a lot of parties involving family and friends. It’s not surprising that companies would be interested in trying to get people to buy during a season when they are predisposed to buy,' Russell Winer, professor at the Stern School of Business at New York University, said in an interview."

Excerpt from the CPA Journal -- "What is possible to do is to assess the usefulness of items in the financial report. And the key item is, of course, the bottom line. I did so recently in an article published in Financial Analysts Journal. Basically, what my coauthor Feng Gu and I said was: if earnings indeed reflect value creation by companies, then investing in companies with good earnings should yield very high returns."

Excerpt from IndiaSpend -- "As flows of trade and people fell the world over since the 2008 global financial crash, India dropped 16 spots to 78 from 62 among 140 countries in 11 years to 2015 on a globalisation index brought out by international logistics company DHL. The Global Connectedness Index 2016, the fourth since it was first released in 2011, prepared by Pankaj Ghemawat and Steven A. Altman (both teach management at New York University Stern School of Business, US), was released on November 15, 2016."

Excerpt from The Wall Street Journal -- "'A relatively small share of borrowers accounts for the majority of outstanding student-loan dollars, so the outcomes of this small group of individuals has outsized implications for the loan system and for taxpayers,' the authors say."

Excerpt from WIRED -- "'The platforms are walking a fine line: Clearly they each want as much time as possible from the drivers, but they also don’t want to step over the line where there’s any indication that this is anything other than an independent contracting relationship,' says Arun Sundararajan, a professor of business at New York University and author of The Sharing Economy. 'There’s also potentially a danger in blocking the app, because both Uber and Lyft have market power now. This is an app in an adjacent space, and it could attract antitrust attention if they blocked it.'"