Experience Stern | News & Events

Excerpt from Business Insider -- "Over at New York University’s Stern School of Business, Hal Hershfield, a psychologist and marketing professor, is studying the idea of how getting acquainted with your future self can help you save more today. ... 'What our research has been showing is that if people think of their future selves as a different person altogether … then that has deep implications,' he said. 'If you can somehow boost their connectedness with that person in the future, they save more.'”

Excerpt from Los Angeles Times -- "The safety goals represent 'a collective step forward' by American retailers, said Mike Posner, a business and human rights professor at New York University’s Stern School of Business. 'But it does not make sense for there to be two competing initiatives, an American one and a European one, that run the risk of duplication and confusion at the local factory level,' he said in a statement."

Excerpt from China Economic Review -- "The country is rapidly upgrading its engines for growth, and some signs of that are already in plain sight, according to Michael Spence, a Nobel laureate in economics and a professor at New York University's Stern School of Business. Spence spoke with China Economic Review in Shanghai in late June."

Excerpt from Financial Times -- "In a paper published last year, Gavin Kilduff of NYU’s Stern School of Business, Adam Galinsky of Northwestern University, Edoardo Gallo of Oxford and James Reade from Birmingham University studied Serie A football teams in Italy. Players, they found, were more likely to commit serious fouls in 'derby' encounters between arch-rivals."

Excerpt from The Huffington Post -- "Guillet de Monthoux is one of the leading figures of the current movement, trying to address the findings of CR II with their fellow teachers at business schools, mostly in Europe...He credits his good friend and colleague, Matt Statler, Professor at Stern School of Business, NYU, for introducing him to the report and thus the Carnegie Foundation and their researcher and one of its authors, Bill Sullivan."

Excerpt from Huffington Post -- "We are allowing much of manufacturing, the great innovation engine that turns ideas into reality, to vanish quietly from our shores. Our global corporations may be benefitting from this; most Americans are not."

Excerpt from Bloomberg -- "Changing the administrator won’t address Libor’s underlying problems, such as its use of estimates and an increasing propensity of banks to leave their submissions unchanged, according to Rosa Abrantes-Metz, an economist with New York-based consulting firm Global Economics Group Inc. and a professor at New York University’s Stern School of Business."

Excerpt from Financial Post -- "Henry brings a unique and pragmatic perspective to the study of international economic growth, having been raised in Jamaica before moving to the United States, where he is now Dean of New York University’s Stern School of Business."

Excerpt from Financial Times -- "Assuming Ben Bernanke leaves his post this year, his successor will inherit a serious policy challenge: disengaging from quantitative easing. Returning to more traditional monetary policy will be tricky. First, there is no precedent in the Fed’s 100-year history. Has there ever been a period in which the US central bank and its leading counterparts worldwide have simultaneously pursued QE against a backdrop of economic faltering and uncoordinated fiscal policies?"

Excerpt from Bloomberg TV -- "All the research shows that, effectively, once you get a consumer to buy from more than one channel - get someone to buy from the side in addition to the store or from a catalog, they immediately begin purchasing more."

Excerpt from ZDF -- (Translated from German using Google Translate) "In the financial crisis of 2008, the U.S. insurance group AIG was rescued with $ 182 billion of taxpayer money before the collapse. The company is trying a new beginning."

Excerpt from San Francisco Chronicle -- "Recent advocacy by several major tech companies for government disclosure is in the public interest, and Americans should support their push for greater transparency."

Excerpt from The New York Times -- "Even though this week’s upheaval in Lisbon can be seen as 'a victory for the anti-austerity camp,' said Luis Cabral, a Portuguese economist who teaches at New York University, he suggested that the European policy debate would continue, as countries like France that have sought to steer away from drastic spending cuts fail to demonstrate that they have the capacity for the kind of government spending — what Mr. Cabral called 'a Keynesian magic wand' — that will solve Europe’s economic problems."

Excerpt from LiveMint -- "Aswath Damodaran of the Stern School of Business, in his paper titled The Value of Transparency and the Cost of Complexity, argues investors give a higher discount to a complex business model over a simpler one."

Excerpt from NPR -- "It may have started out as something that was on the fringes, but the sharing economy is definitely going mainstream."

Excerpt from VoxEU -- "Many central banks have recently employed unprecedented expansionary monetary policy, keeping interest rates at near-zero levels for an extended period of time since the crisis of 2007-08. Quantitative easing interventions have been employed to affect asset prices directly, most notably in government-bond and mortgage markets, in order to keep sovereign and mortgage borrowing costs low. These interventions may have the beneficial aspect of generating wealth transfers to borrowers, notably banks and households with negative home equities. But they may also be stoking asset-price inflation, often in unexpected fashion, by inducing a ‘search for yield’ among savers and intermediaries who manage their savings."

Excerpt from Bloomberg TV -- "These are huge polar opposite deals. Michael Dell wants to completely scrap the existing business and recreate the entire company from the ground up and Icahn wants to basically just milk the existing core PC business down to the last drop and they're so different and so distinct that the money kind of balancing becomes the big issue."

Excerpt from NASDAQ -- "Altman's Z-Score gives one simple number that tells you how a retailer is faring. Any reading above 3.0 implies good health in terms of balance sheet strength and profit results."

Excerpt from BBC -- "I think Americans have accepted that when you watch a TV program, you're going to see somebody selling something in the context of the TV show. There's no doubt about that...with the number of digital video recorders that are here and the penetration rate around 50%, advertisers are looking for nontraditional ways of trying to show their brands being used in context because people are skipping ads, and that's why the market, in fact, is growing here rapidly: because of the ad-skipping that's going on."

Excerpt from Le Monde -- "Baumol's cost disease" has since been diagnosed in many fields, including education and healthcare. In a recent book on the continuing relevance of his discovery, Baumol says that the quantity of labour required to produce these services is difficult to reduce. He distinguishes two sectors. In the first, goods and services can be easily automated, and as machines have replaced humans, the amount of labour required to produce each additional unit has fallen."

Excerpt from Project Syndicate -- "Leaders in developed and developing countries alike must deepen their commitment to economic reform and integration. But only by giving emerging economies a real voice in global governance – thereby reducing the trust deficit and restoring legitimacy to multilateral institutions – can the global economy reach its potential."

Excerpt from The New York Times -- “'This is part of a greater trend — not only in the business world, but in our world generally — toward transparency,' said Mr. Posner, who helped draft the requirements while at the State Department. 'I think it’s a very healthy trend.'”

Excerpt from Project Syndicate -- "A new period of uncertainty and volatility has begun, and it seems likely to lead to choppy economies and choppy markets. Indeed, a broader de-risking cycle for financial markets could be at hand."

Excerpt from New York Daily News -- "Retailers 'don't want anything that can possibly tarnish their brand because they've worked so hard at it,' Sam Craig, a marketing professor at NYU, told the Daily News. 'There are a number of taboo topics, and if you cross the line on those, you become a liability rather than an asset.'"

Excerpt from BBC Capital -- “'[Investors] get a lot of exposure to currency indirectly by buying equities and bonds,' said Richard Levich, professor of finance and international business at New York University’s Stern School of Business."