Experience Stern | News & Events

Excerpt from CBS News -- "New York University economist Petra Moser says immigrant entrepreneurs have a long history in the United States. 'Go back as far as Andrew Carnegie, who came from Scotland and then built a very, very large industrial, you might even call it an industrial empire and created many, many jobs,' Moser said."

Excerpt from Business Insider -- "Over the past 20 years, freelancing is up 27 percent compared to payroll employment (think more 1099s and fewer W-2s). By 2020, it’s expected that over 40 percent of the workforce will be freelancers. The shift is due in large part to the rise of digital platforms like Etsy, TaskRabbit, and Upwork."

Excerpt from Investors Chronicle -- "They found that US institutional investors did not trade on the anomaly often enough to arbitrage it away (i.e., drive prices up or down so much that prospective risk-free gains vanished). Two connected reasons lay behind this. First, the anomaly tended to dwell in illiquid stocks that were too small for institutions to bother with. Second, such stocks were clearly risky so investing in them might fall foul of so-called ‘prudent-man rules’, which required intermediaries to invest other people’s money as if it were their own."

Excerpt from The New York Times -- "People are attracted by goodness and repelled by selfishness. N.Y.U. social psychologist Jonathan Haidt has studied the surges of elevation we feel when we see somebody performing a selfless action. Haidt describes the time a guy spontaneously leapt out of a car to help an old lady shovel snow from her driveway. One of his friends, who witnessed this small act, later wrote: 'I felt like jumping out of the car and hugging this guy. I felt like singing and running, or skipping and laughing. Just being active. I felt like saying nice things about people. Writing a beautiful poem or love song. Playing in the snow like a child. Telling everybody about his deed.'"

Excerpt from Maeil Business Newspaper -- "You should always be aware of each employee's capabilities and deficiencies. You have to invest in things that can be done more easily (older workers) than on a larger computer screen or factory floor."

Excerpt from Barron's -- "'Amazon has effectively conspired, with voice and technology and about a half-billion consumers, to destroy brands,' said Scott Galloway, a New York University marketing professor in an April talk that still is discussed on Wall Street. Amazon’s view, he argues, is that brands have an 'unearned' price premium that doesn’t match their benefits to consumers."

Excerpt from Bloomberg -- "I think the road to prosperity in the United States has gotten a lot steeper, and the road to prosperity in developing countries also got a lot steeper. And it's not surprising. Just two days ago, the Secretary General from the UN, Antonio Guterres, came to Stern to give a speech about climate change, and I think he chose the business school at NYU for a reason. This agreement is about business, and jobs are a critical part of this."

Excerpt from EPFL Magazine -- "The ARCH model is sort of a fundamental tool, the most commonly used tool for short-run risk measure by financial institutions, hedge funds, pension funds, banks — all sorts of institutions use this measure and I think it helps provide some measure of security and discipline to managing risk. But more broadly, ARCH is a tool that helps finance people do better statistics."

Excerpt from Entrepreneur -- "'Uber is good at a lot of things -- technology, global scaling -- but its weakness for years has been its relationship with its drivers,' says Arun Sundararajan, a professor at New York University and an expert on the sharing economy. 'That left open an opportunity for an entrant to differentiate themselves on that weakness.'"

Excerpt from The Washington Post -- "'Many of these affluent-area projects would have been built and jobs created without the infusion of EB-5 capital,' said Gary Friedland, a scholar in residence at New York University’s Stern School of Business. 'Consequently, deserving projects can’t be built and the resulting jobs are lost because the projects are deprived of the essential capital to proceed.'"

Excerpt from the Thomson Reuters Foundation -- "Simply extending the mandate of the current private initiatives in Bangladesh while following the same premises will not make the RMG sector safe and sustainable. All of those working on these issues, inside Bangladesh and in the greater international community, need to go back to the drawing board, and build on the lessons from the past four years."

On June 1, the NYU Stern School of Business will present a new book, “Regulating Wall Street: CHOICE Act vs. Dodd-Frank”, authored by more than a dozen faculty members from Stern and the NYU School of Law. 

Excerpt from BuzzFeed -- "'Each ride-sharing market is sort of independently contestable city by city,' said Arun Sundararajan, a professor at New York University and author of the book The Sharing Economy."

Excerpt from The Federalist -- "State-sponsored visa programs would direct temporary foreign workers to the states that want them without pushing additional migrants on the states that don’t. Many states have already exhibited an interest in administering their own visa programs. The Johnson-Buck plan meets them halfway. Lawmakers across the political spectrum should welcome the opportunity to pilot state-based visa programs that can generate jobs and growth in their home states."

Excerpt from Bloomberg -- "A 2016 study by Ethan Mollick of the University of Pennsylvania’s Wharton School and Jason Greenberg of New York University’s Stern School on crowdfunding campaigns showed that potential male funders didn’t care whether a project was created by a man or women. Two-thirds of women thought a project was better when told it was created by a man than the project created by a woman, even when it was exactly the same project."

Excerpt from the International Business Times -- "Some, however, like Lawrence White, an economics professor at New York University’s Stern School of Business, aren’t too worried about the burden of a nationwide stimulus being thrown on the shoulders of local debt issuers, as much of the funding should come from the federal government or public-private partnerships if the projects are federally-mandated. 'There will be some kind of presence there. The feds are going to be involved,' White said. Still, he added, citing the general uncertainty associated with the Trump administration, 'Who knows?'"

Excerpt from CNBC -- "In a speech on Tuesday at the New York University Stern School of Business, António Guterres said that it was 'absolutely essential' that the world implemented the Paris Agreement. He also sought to draw attention to the links between policy and security, stating that there was a 'compelling security case for climate action.'"

Excerpt from The Wall Street Journal -- "Kim Corfman, a professor of marketing and academic director of NYU Stern’s new fashion-focused program, says the new degree is a good fit for the school, given classes like 'Luxury Marketing' and 'Next Generation Fashion' that the school already offered to M.B.A. students."

Excerpt from The Wall Street Journal -- "Mervyn King, former governor of the Bank of England, went further, arguing, 'President Trump is right when he identifies a problem with current international trading and monetary relationships.'"

Excerpt from Associated Press -- "Gutteres never mentioned the American leader by name in his speech at New York University’s Stern School of Business, his first major address on climate change since taking the reins of the United Nations on Jan. 1. But he said in response to a question afterward that the United Nations believes 'it would be important for the U.S. not to leave the Paris agreement.'"

Excerpt from NASDAQ -- "From 2007 to 2016, Standard & Poor's 500-stock index delivered an average annual total return of 8.7%, according to Aswath Damodaran of New York University's Stern School of Business."

Excerpt from WashingTECH -- "In my book, I talk about the important distinction that policymakers should provide between government use of our data and corporate use of our data. So what I mean by that is, if Amazon or Google or Apple, any other company, is trying to send me an offer or a message and that's not relevant or that's not well targeted, it may end up being annoying. But it's not going to completely change my life. Whereas, we've also seen issues about government use of our data that goes to the extent of extreme surveillance. So I would like the average consumer to be embracing the distinction between government use of data and corporate use of data, and I think policymakers should also embrace that distinction."

On Tuesday, May 30, The United Nations and New York University Stern School of Business welcomed António Guterres, Secretary-General of the United Nations, for an event entitled "Climate Action: Mobilizing the World."  

Excerpt from Business Insider -- "Alter said in his talk that screens 'rob us of stopping cues,' which are signals that remind us to move on. The distraction and entertainment is constant, unlike a newspaper which finishes when you reach the end. Instead, there is no obvious time to stop — so we don't."