Experience Stern | News & Events

Stern's Department of Information, Operations, and Management Sciences (IOMS) will host the 2016 Collective Intelligence Conference. 

Excerpt from Marketplace -- "'Very quietly, companies have been returning call center jobs to the U.S. from where they were outsourced to, whether it was India, the Philippines,' or elsewhere, said Mor Armony, an associate professor at New York University’s Stern School of Business. ... 'There’s been a big backlash-- not only politically,' said Armony. 'But also from a business perspective… there’s a basic trade-off between quality and costs.'"

Excerpt from ABC.net -- "'If you look at the economy of the world, half of the hundred biggest economies are not states, they're private companies,' [Posner] says. 'Walmart's the 30th biggest economy in the world if you compare revenues to gross domestic product: $500 billion a year."

Excerpt from the National Post -- "A seminal contribution of the New York University economist Paul Romer — who came to economics from physics — was to recognize that 'more output' was the wrong way to think about economic growth. Instead of producing more stuff, economic growth consists of re-arranging the stuff that is already there in ways that we value more. New technology is best seen as the creation of new 'recipes,' and there’s no obvious limit to human ingenuity in coming up with more of those."

Excerpt from The Wall Street Journal -- "Jacob Jacoby, a marketing professor at New York University, said Coke could face a high bar if it challenges beverage companies’ use of 'zero' in court after not demonstrating consumer confusion in the case of Diet Rite Pure Zero."

Excerpt from The Globe and Mail -- "In his view, it is difficult to have an edge in an environment of certainty. For companies 'with profit-making histories and a well-established business model in a mature market,' it’s easy to build valuation models – but this ease also means many more investors are in the hunt, making it hard to find true bargains before they are captured by others."

Excerpt from The Atlantic -- "'To me, what these sharing economy platforms represent is early examples of a different way of organizing economic activity, which sits somewhere between the 20th-century organization and even the 18th-century one-person shop selling to an individual market,' [Sundararajan] said. 'It’s not a pure sort of marketplace... It’s not a traditional organization like a hotel or a train company, but it’s somewhere in between.'"

Excerpt from USA Today -- "'The basic business idea behind these companies is very good, but it’s going to take a particular company to make the model work,' says Arun Sundararajan, a professor at New York University’s Stern School of Business and author of The Sharing Economy."

Excerpt from Financial News -- “During the crisis, CLS saved the day by making it safe for dealers to put up one leg of a deal and yet be content waiting to receive the second leg of the transaction hours later. It is thanks to CLS that the FX market did not freeze up after Lehman, which happened in other financial markets.”

Excerpt from the Financial Times -- "The anonymity of cash helps to free people from their governments and some criminality is a price worth paying for liberty, as professors Stephen Cecchetti and Kermit Schoenholtz observe. It is better if the government creates trusted, anonymous notes and coins rather than some private agent."
 

Excerpt from The Boston Globe -- "'Uber and Lyft are spending more and more money to run in place,' [Damodaran] said. 'The alternative services are not going to do much better, either. The key in this business is finding ways to create barriers to entry and competitive advantages that eventually may help these companies charge higher prices.'"

Excerpt from The Atlantic -- "'The Dow is hardly a history of the U.S. economy. It is an index—unweighted—of the stock prices of a small number of America's largest corporations selected to represent the leading firms at particular times in our economic history,' explains Richard Sylla, a professor of economics at NYU’s Stern School of Business who studies the history of financial institutions."

Excerpt from New York Magazine -- "'The consequences of awe should be of interest to emotion researchers and to society in general,' they wrote in the study, published in the journal Cognition and Emotion. 'Awe-inducing events may be one of the fastest and most powerful methods of personal change and growth.'"

Excerpt from Bloomberg -- "Viral Acharya, who works on financial stability at New York University’s Stern School of Business, said that while he’s much more worried about an economic collapse in China than he is about shadow banks, regulators aren’t yet focused on the issue. Risks -- such as short-term funding -- will always move from closely watched areas into the shadows. 'This has been the real problem of regulation,' he said. 'It’s always fighting the last war.'"

In just two years, NYU Stern has lifted the number of full scholarships from zero to 34 for high-achieving/low-income business students who are admitted to the School’s Undergraduate College. Named “The Access Initiative,” the effort marks a radical change in the School’s ability to open its doors to the most promising young people with extreme financial need.

Excerpt from Vogue -- "Youssef and his fellow co-designers will move into the CFDA Incubator space in the Garment District this month and stay in their personal, low-rent studios and communal spaces through 2018. Prior to moving in, the designers completed a semester-long consulting engagement with MBA students at NYU’s Stern School of Business, and will continue to receive mentorship throughout their two-year residency from more than 50 fashion insiders."

Excerpt from Marketplace -- "'If Goldman is a giant face-sucking squid then Google and Facebook are Predator and Alien,' said Scott Galloway, a professor of marketing at NYU’s Stern School of Business. Both Silicon Valley and Wall Street are made up of powerful companies focused on shareholders. So both should fall under the same scrutiny, said Galloway."

Excerpt from Poets & Quants -- "I think there is an important conversation to be had among universities, policymakers and the business community to have a vested interest in making education more affordable. The Access Initiative is our effort to help bridge that gap and make sure every student who is qualified is able to attend business school regardless of their economic background."

Excerpt from Reuters -- "'It strengthens the hand of investors in other price-fixing cases based on benchmarks that were reached in collaborative, or outright collusive, arrangements,' said Lawrence White, a professor at New York University's Stern School of Business."

Excerpt from Bloomberg -- "'The Greek parliament approved significant increases in taxes and reductions in pensions, which are likely to intensify the recession, and also approved selling a large swath of state assets to partially pay for its debt,' said Nicholas Economides, professor at Stern School of Business at New York University. The IMF and the EU are too far apart on the issue of debt relief to converge by the May 24 Eurogroup meeting, Economides said, 'therefore the likely outcome is an approval of an installment of the EU part of the Greek loan with the IMF’s position to be clarified at a later time.'"
 

Excerpt from TopMBA -- "Over the past few years, we have seen a growing diversity of companies coming to campus to recruit. One particular industry that is increasing MBA hiring of NYU Stern talent is technology. We are seeing more and more mature technology companies, such as Amazon and Google, participate in on-campus recruitment. Because we are in New York, we can also partner readily with growing tech firms such as e-commerce firm, Jet.com, and music streaming service, Spotify, to organize networking events and company visits. In addition, we are seeing increased interest from entertainment and media firms as well as luxury and retail companies, such as NBCUniversal, Time Warner, and Michael Kors. Similarly, we partner with companies in these sectors to organize networking events and information sessions to accelerate the connection between our students and these opportunities."
 

Excerpt from Bloomberg -- "'The EU put again temporal political considerations above the long terms interests,' Nicholas Economides, professor of economics at Stern School of Business, New York University, said by e-mail. 'There is a real danger that, by the time decisions on Greek debt are made in 2018, interest rates would have risen sharply, eliminating any chance of eventual recovery for Greece.'"

Excerpt from CityLab -- "For respondents who report that they regularly talk to their friends about whether property is a good investment, we find a strong relationship between their friends’ house price experiences and their own assessment whether property in their own zip code is a good investment."

Excerpt from Clear Admit -- "We still have many top companies who partner with us and hire strong numbers of students every year. In fact, that list of companies is growing year over year. And it’s increasing in the tech space. Google and Amazon, in particular, have been increasing their hiring of Stern students, which is terrific. But we also have more and more students looking to do unique kinds of things outside of more traditional MBA recruiting. Because we have alumni in all kinds of interesting places, we are able to connect them."

Excerpt from NPR -- "To see how quickly the rising tide of 'effective AI' may smash into daily life, consider the legal ramifications of machines behaving in ways we don't understand. How do we create regulations (i.e. robot law) when the possibility of robot decisions we don't understand must be included. As Dhar asks, 'Who is responsible for the actions of a robot that designs itself and learns to get better over time?' Better yet, who is responsible if a network of robots, acting in a way consistent with their design, carries out actions that turn dangerous — or even deadly?"