Experience Stern | News & Events

Organized by NYU Stern’s Citi Leadership & Ethics Program and Business & Society Program, with generous support from the Citi Foundation, the 2014 conference featured this year’s Distinguished Citi Fellow in Leadership & Ethics Ellen Seidman, former director of the US Treasury Department’s Office of Thrift Supervision and senior fellow at the Urban Institute.

Excerpt from Verizon Wireless -- "In Episode 8, we meet Yaopeng Zhou and Marc Albanese, co-founders of Smart Vision Labs, who created a portable vision examination device that works with a smartphone, called an autorefractor. It's a critical innovation for places like Rwanda where there are 10.5 million people and only 14 vision care providers. Now, by taking just a single picture, prescriptions and glasses can be handed out on the spot to people in need, bringing vision testing to places where it currently doesn't exist."

Excerpt from Forbes -- “'Five years is a long time for a market to expand without having a major drop,' says Richard Sylla, a professor of financial history at New York University’s Stern School of Business."

Excerpt from Financial Times -- "In a paper published last week*, Michael Feroli, Anil Kashyap, Kermit Schoenholtz and Hyun Song Shin argue that regulators should be taking a wider view when considering the issue of a potential credit bubble."

MBA Students Michael Caruana & Shyamali Rajivan work on a Faculty Fellows project supporting the NYU Stern Urbanization Project’s advisory services to the City of Detroit.

The MBA Media & Entertainment Conference (MEC), which will take place on Friday, March 7, is an annual conference co-hosted by students at NYU Stern, Columbia, Wharton, MIT Sloan, Duke Fuqua and Chicago Booth.

Excerpt from Reuters -- "It's been a brutal winter. When it's a brutal winter, people are not going to go out and shop. And so the fact that there is an increase rather than a drop is a pleasant surprise to me."

Excerpt from Bloomberg -- "Those in the U.S. in the top one-fourth of income distribution have an 85 percent chance of going to college, compared with 8 percent for those in the lowest quarter, said Peter Henry, dean of the Stern School of Business at New York University, in an interview on Bloomberg TV Feb. 27, citing Yellen’s comments on income inequality."

Excerpt from Bloomberg -- "I wouldn't put it in Bitcoins. To me, Bitcoin is a fad that is going to implode. They're like a Ponzi scheme. I Iove contemporary art... it's nice to have an investment you want to look at it in your home rather than to have stocks that are sitting in a drawer. So I would go for contemporary art."

Excerpt from The Wall Street Journal -- "Jonathan Haidt, a professor at New York University's Stern School of Business, suggested at one of the AEI panels that critiques of capitalism thrive because 'we judge people based on their intentions. And when people do something for us without intending to help us, we don't tend to give them much credit.' In other words, the 'invisible hand' of the markets gets no respect."

Excerpt from CNC World -- "Bitcoin is incredibly risky and there is no intristic value behind it. If you invest in a stock, there is a company paying dividends that supports the value of a stock. If you invest in a government bond, you have the government’s promise to pay interest; with Bitcoin, all you really have is hope."

Excerpt from Bloomberg -- “'It’s clear to me that prices are predominantly going down,' said Abrantes-Metz. 'If the argument is that someone is selling, my question is who is buying, and who benefits from prices going down to an extent that could be driving them further down? We should have a fix that’s based on actual trades that are visible to the market. We need to reduce the ability to manipulate it, independently of whether or not it has already been abused.'”

Excerpt from Financial News -- "Only UBS has announced a move radical enough to distance itself from the capital markets business, to save its crown jewel and restore shareholder value, and the stock market has begun to buy into it. There is plenty of room and still time for others to make similar strategic changes."

Excerpt from Forbes -- "Most Americans own their homes with freeholds–that is to say, the title lasts forever. Leaseholds in the UK and Singapore can last anywhere from a very short time to 999 years. If people didn’t care about the distant future, they should be indifferent as to whether they have a freehold and a, say, 200 year leasehold."

Excerpt from Just Security -- "This year the State Department has increased attention to issues of corruption in its Human Rights Reports. In recent years it has devoted enhanced attention to other evolving human rights subjects such as the treatment of LGBT communities, or persecution directed against bloggers and others using social media. Greater attention to the constellation of national security issues in future Human Rights Reports will both help inform the human rights debate globally, and encourage a more rights-oriented debate on those issues here at home."

Excerpt from The Wall Street Journal -- "The market's focus on how the Federal Reserve will wind down or cease its current round of quantitative easing is unwarranted. While the "taper" does reflect its movement away from extreme monetary accommodation, thus far the reduced pace of Treasury and mortgage-backed securities have had, on balance, no visible effect on markets."

Excerpt from The New York Times -- "In his book 'The Righteous Mind: Why Good People Are Divided by Politics and Religion,' Jonathan Haidt, a social psychologist at New York University’s Stern School of Business, argues that the culture has shifted toward promoting social and professional manipulation over morality. 'Our reasoning appears to have evolved not to help us seek the truth but to help us win arguments.'”

Excerpt from The New York Times -- "Today’s regulatory misalignment is slowing the immense innovation and economic growth it will generate. It’s time to place more trust in the digital trust infrastructure, and give the 'sharing economy' platforms their fair share of the regulatory responsibility."

Excerpt from Business Insider -- "A big part of the problem is that Russia is a declining power, and it’s in the West's best interest to let that slowly play out over time. But the recent response on Ukraine pushed too hard, prompting President Vladimir Putin to retaliate with a decisive response. To say the US-Russia relationship is presently broken is an understatement."

Excerpt from Yahoo! Finance -- "In fact, the elimination of many fees, and clarity on other penalties and repayment terms, is saving consumers $12.6 billion annually according to a paper published Jan. 26 by a team of academics led by economist Johannes Stroebel of New York University. The team found the true cost of credit – interest rate plus fees – has shrunk significantly since implementation of the CARD Act, and even more for consumers with poor credit."

Excerpt from Financial Times -- "In New York, Sam Craig, professor of entrepreneurship and arts and media management at NYU Stern, highlights the power shifts in the industry. 'Control is passing from the firms to the consumer,' he says."

Excerpt from Delta Sky Magazine -- "By the end of the course, they've learned the simple, yet thorough, process of disruptive thinking to solve real-world problems."

Excerpt from GQ -- “'The thing that's really striking to me is that a lot of people who use Uber—it's not like they used to take taxis,' says Arun Sundararajan, a professor at NYU's Stern School of Business who specializes in the digital economy. 'It's almost like you're inventing a new way of organizing your day because you can get a car in three minutes. You can define a new lifestyle for yourself.'”

Excerpt from The New York Times -- “'Our analysis does suggest that unconventional monetary policies (including QE and forward guidance) can build future hazards by encouraging certain types of risk-taking that are not easily reversed in a controlled manner,' write the authors, the economists Michael Feroli of JPMorgan Chase; Anil Kashyap of the University of Chicago; Kermit Schoenholtz of New York University; and Hyun Song Shin of Princeton."

Excerpt from CBS News -- "They do represent the future of digital money because for the first time we have a technology that is allowing us to create digital money that is like cash."