Experience Stern | News & Events

Excerpt from Livemint -- "The Chinese stimulus of the past five years has been a big driver of the global rebound from the abyss of fall 2008. As the stimulus subsides and the Chinese government looks for a shift from investment-driven growth to consumption-driven growth, the rest of the world cannot escape a difficult adjustment."

Excerpt from The New York Times -- "In practice, however, winner-take-all effects still appear to dominate. Long-tail proponents predict that the least-popular offerings should be capturing market share from the most popular. But as Anita Elberse, a professor at the Harvard Business School, recounts in her 2013 book 'Blockbusters,' the entertainment industry’s experience has been the reverse. Digital song titles selling more than one million copies, for example, accounted for 15 percent of sales in 2011, up from 7 percent in 2007. The publishing and film industries experienced similar trends."

Excerpt from PsychCentral -- "The researchers, Uma R. Karmarkar, Ph.D., assistant professor of business administration at HBS, and Bryan Bollinger, Ph.D., assistant professor of marketing at New York University’s Leonard N. Stern School of Business, were surprised to find that the influential effects linked to reusable bags were not causal, but seemed to worked in tandem, pushing shoppers in seemingly opposite directions at the same time."

Excerpt from Bloomberg -- "In a paper for the National Bureau of Economic Research, economist David Yermack said that Bitcoin shifts too much to be a unit of account or a store of value."

Paula Kerger, President and CEO of PBS, joined Langone MBA students for a 2013-2014 Langone Speaker Series event. Professor Charlie Murphy moderated the conversation, which began with a one-on-one interview focused on Kerger’s experiences at PBS, career path and professional pointers for Langone MBAs.

Excerpt from the Los Angeles Times -- "It isn't 1999, but companies with loads of users — but few prospects for making money — are being handed lofty market values, said Aswath Damodaran, who teaches corporate finance and valuations at New York University's Stern School of Business."

Excerpt for Marketplace -- "'I think in some ways this is a first in the history of Hollywood,' says NYU Stern School of Business professor Luis Cabral.

Excerpt from CIO Magazine -- "Trends of who's going where, in the aggregate, could be an interesting way of discovering things you didn't know were happening in your city, much like trending information on Twitter sometimes leads people to discover news stories, said Arun Sundararajan, professor of information, operations and management sciences at New York University, who studies digital economics."

Excerpt from Bloomberg -- "'The most likely scenario,' he writes, 'is that most major emerging markets, including China, will experience a transitional growth slowdown but will not be derailed by shifts in monetary policy in the West, with high growth rates returning in the course of the coming year.'"

MBA student Julie Raskin takes on a new partnership role in the private sector, after a career in government.

On Friday, February 21, 2014, the Salomon Center for the Study of Financial Institutions will host Research Day 2014, featuring presentations on in-progress research at NYU Stern and a panel discussion on the current state of the world economy and financial system.

The social enterprise communities of NYU's Leonard N. Stern School of Business, School of Law, and Robert F. Wagner Graduate School of Public Service are co-hosting this year's 4th Annual NYU Social Innovation Symposium (SIS).

A team of four Stern MBA students (Steven Stein, Kathleen Urbani, Lauren Sanders and Jason Davis) took second place and a $5,000 prize in the 2014 UNC Real Estate Development Challenge. It was the first time at the annual challenge that a team from Stern placed within the top three.

Excerpt from ABC News -- “'This is such a wonderful day when a revered religious leader who is particularly beloved on the left comes to a free market think tank, so this is scrambling all the categories,' said Jonathan Haidt, a panelist from New York University."

Excerpt from Financial Times -- "For decades, shifts in energy markets have reshuffled the deck of geopolitical winners and losers. That is now happening again. The latest trend looks here to stay, and the fallout has just begun."

Excerpt from Project Syndicate -- "Even so, amid growing concerns about emerging economies’ prospects, China is attracting attention because of its scale and central position in the structure of global trade (and, increasingly, global finance). As a result, risk assessment in China focuses on the magnitude of the structural transformation, resistance from powerful domestic interests, and domestic financial distortions."

Excerpt from The Atlantic Cities -- "A new working paper by my colleagues Brandon Fuller and Paul Romer of NYU’s Marron Institute projects that the world’s urban population will reach 9.8 billion people by 2210, with nearly 87 percent of the 11.3 billion people on Earth living in cities."

The Berkley Center for Entrepreneurship and Innovation and Founder.org welcome Michael Baum, founder of six startups, for an informational talk entitled "Building a Billion Dollar Company Takes More than Just a Big Idea." This event marks the kick-off of the $100K Founder.org annual competition.

Excerpt from The New Yorker -- "According to a great deal of research, positive fantasies may lessen your chances of succeeding. In one experiment, the social psychologists Gabriele Oettingen and Doris Mayer asked eighty-three German students to rate the extent to which they 'experienced positive thoughts, images, or fantasies on the subject of transition into work life, graduating from university, looking for and finding a job.' Two years later, they approached the same students and asked about their post-college job experiences. Those who harbored positive fantasies put in fewer job applications, received fewer job offers, and ultimately earned lower salaries."

Excerpt from TIME -- "About two thirds of Ukraine’s citizens are ethnic Ukrainians whose first language is Ukrainian. About one-sixth are ethnic Ukrainians who speak Russian. Another one-sixth are ethnic Russians, who live primarily in the east and south near the Russian border. This division creates a fault-line beneath the country that potentially pits one group against the other."

Excerpt from The Atlantic -- "Many people will tell you that flag burning, the eating of a deceased pet, and consensual sex between adult siblings are wrong, but when pressed to explain why, they suffer what Jonathan Haidt has described as 'moral dumbfounding.' They flail around trying to find reasons, which suggests it’s not the reasons themselves that guided their judgments, but their gut intuition."

Excerpt from The Huffington Post -- "There is new and exciting research about the scientific study of religion. Instead of asking theological or philosophical questions, these scholars are looking at religion from sociological, psychological and behavioral perspectives. Authors like Jonathan Haidt in his book The Righteous Mind: Why Good People Are Divided by Politics and Religion or Robert Wright in The Evolution of God are using science to give much more nuance to what religion truly is -- and what it could be."

Excerpt from Bloomberg -- “'You need to have some degree of monetary easing and credit easing, possibly negative deposit rates, to weaken the euro, to ease financial conditions, to jump start credit growth,' Roubini, the co-founder of Roubini Global Economics LLC, said in an interview with Bloomberg Television in Rome today."

Excerpt from AFP -- "David Yermack, a professor at the New York University Stern School of Business, listed Bitcoin's flaws in a recent commentary in the MIT Technology Review as MtGox's woe continued. Among the problems was its 'digital wallets' that are 'vulnerable to thieves and hackers', he wrote in the commentary dated Tuesday."

Excerpt from The New York Times -- "Europe needs a credible plan to rehabilitate its banks. The most direct way would be for the governments of the euro zone to pool resources and issue the same ultimatum America did: Raise more capital or our governments will invest in your banks in ways that will benefit taxpayers and disadvantage your shareholders. The economists Viral V. Acharya and Sascha Steffen have estimated that the capital backstop needed could exceed 500 billion euros."