Experience Stern | News & Events

Excerpt from PBS -- "I'm like Warren Buffett. I don't buy something if I don't understand it. And for all I know, the person who created Bitcoins would be like King Henry VIII in Britain, who decided suddenly to double the amount of British money units around, and there was a big inflation."

Excerpt from China Daily -- "'The supply side shifts are important and necessary, but for China not sufficient. The demand and income side restructuring is also a key component,' [Spence] says. He agrees that there should not be major credit expansion to fuel consumption but higher domestic consumption is a fundamental part of rebalancing the economy."

Hosted by the Entrepreneurs Exchange, the Amazon.com Innovation Competition challenges second-year MBA students to create an actionable product or service for Amazon.

Excerpt from Bloomberg TV -- "There are spillover effects [from the government shutdown] on growth, especially in relatively weak areas these days such as Europe, but in the far east as well. So growth is going to slow down worldwide because of the government shutdown. And there is also the impending risk of the debt ceiling not being raised in time."

Excerpt from The New York Times -- "The best science book I read was Adam Alter’s 'Drunk Tank Pink,' which is a really provocative look at how much our behavior is contextually determined."

As a part of the Conversations on Urbanization series held by NYU Stern’s Urbanization Project, Paul Romer, Director of the Urbanization Project, Director of the Marron Institute and Professor of Economics, spoke with Bill Bratton, who formerly served as chief of police of the Los Angeles Police Department, New York police commissioner and Boston police commissioner, in a public presentation on October 2.

Excerpt from This View of Life -- "NYU Stern’s Business & Society Program and the Evolution Institute co-hosted a one-day symposium 'Darwin's Business: New Evolutionary Thinking About Cooperation, Groups, Firms, Societies' featuring an international roster of experts on evolution, economics, and human nature. Participants and audience members assessed the possible applications of evolutionary thinking for business and business ethics."

Excerpt from Xinhua -- "If the U.S. government couldn't pay the obligations or at least not on time, the holders would not be sure if they want to continue to hold U.S. treasury bills, which could be really disruptive, said White."

Learn more about doctorate degrees in business and meet representatives from over 20 PhD programs.

Excerpt from BBC Capital -- "'With an election, there's a lot of anticipation ahead of time,' said Lawrence White, professor of economics at New York University's Stern School of Business. 'Markets try to anticipate elections by looking at the polls and trying to anticipate the consequences of the future.'"

Excerpt from Harvard Business Review -- "We analyzed the earnings calls of 2,113 publicly held U.S. firms based in the Eastern and Central time zones from January 2001 to June 2007—a total of 26,585 calls. We used linguistic algorithms to measure positivity, negativity, and uncertainty during the Q&A. Tone grew more negative and less resolute as the morning progressed and improved slightly at midday, presumably because participants recharged at lunch. Negativity increased during the afternoon but fell off after the market’s closing bell—probably because the close reduced participants’ stress. Overall, calls originating late in the afternoon were more negative, irritable, and combative than calls made early in the morning, even after controlling for factors such as industry norms, financial distress, growth opportunities, and the news that companies were reporting."

Excerpt from Hispanic Executive -- "Today, I am assistant vice president and senior counsel for The Guardian Life Insurance Company of America, a life insurance and financial services provider. As AVP and senior counsel, I develop and implement lobbying strategy for several issues, including life insurance, investments, dental, and federal health-care reform. I also provide regular briefings to senior executives on relevant legislative and political developments. I spend a lot of time on the road traveling to state capitols to meet with legislators and insurance regulators. With the support of Guardian, I recently enrolled in New York University’s executive MBA program where I plan to specialize in leadership. In my spare time, I host a women’s leadership podcast and I speak at women’s leadership events."

Excerpt from CreditCards.com -- "The Credit CARD Act of 2009 succeeded in cutting fees for cardholders to the tune of about $20 billion per year -- without boosting interest rates or drying up the availability of credit, according to a new study based on 150 million accounts. 'We find that regulations to limit fees were highly effective,' said the authors of the working paper posted online Sept. 26 by the National Bureau of Economic Research."

Excerpt from Bloomberg TV -- "Big companies typically don't want to disrupt themselves. I would argue both Steve Jobs and Ballmer were innovators. Constant product innovation that they were able to get a higher price. But the problem is when you raise your prices faster than inflation...you make yourself vulnerable to startups who will come in and give you a bad version of Word, in the Cloud, for free. Free is a really attractive price. Those disruptors go after the customers that Microsoft doesn't want and slowly start nipping at their heels and nipping at their shins and before they know it they're taking the whole torso into the great white shark of a disruptor. So both companies [Apple and Microsoft] are vulnerable to disruption."

Excerpt from Adweek -- "The increased visibility of social also amplifies the potential risk of such deals. For one, it raises the bar for what passes as a convincing celeb-marketer marriage, said Chris Raih, managing director of Los Angeles agency Zambezi, which this summer launched a Popchips ad starring Katy Perry (an investor and creative partner in the company). Or a brand may find itself entangled in a fiasco on the scale of the Mountain Dew-Tyler, the Creator dustup, the Rick Ross lyrics controversy or the Paula Deen meltdown. Still, 'it doesn’t happen that often,' said C. Samuel Craig, professor of marketing at NYU’s Stern school, plus brands can usually distance themselves quickly."

Excerpt from Project Syndicate -- "A little more than a year ago, in the summer of 2012, the eurozone, faced with growing fears of a Greek exit and unsustainably high borrowing costs for Italy and Spain, appeared to be on the brink of collapse. Today, the risk that the monetary union could disintegrate has diminished significantly – but the factors that fueled it remain largely unaddressed."

Excerpt from Financial Times -- "[Pugel] believes that what distinguishes a good overseas programme from a bad one is not the length of time spent in another country, it is the academic component, something he says NYU Stern takes very seriously."

Excerpt from Los Angeles Times -- "Years of experience with Amazon.com have accustomed us to transacting business online, and eBay has given people confidence that a business deal 'doesn't have to have a brand name on the other side,' says Arun Sundararajan, an expert in digital technologies at New York University."

The Center for Global Economy and Business of the NYU Stern School of Business and the Laboratory for Aggregate Economics and Finance of The University of California at Santa Barbara will hold a joint conference on Demography for Economists.

Excerpt from Reuters -- "Separately, an academic study said people reacted best to the challenge of climate change if it was not presented as doom and gloom. 'The best way to encourage environmentally friendly behavior is to emphasize the long life expectancy of a nation, not its imminent downfall,' according to the study of 131 nations led by NYU Stern Professor Hal Hershfield."

Excerpt from Bloomberg -- "Japan, South Korea, Taiwan, Hong Kong and Singapore are the only economies that have moved from middle-income to developed nation status while maintaining relatively high growth rates, according to Nobel laureate Michael Spence, a professor at New York University’s Stern School of Business."

Excerpt from Bloomberg TV -- "[Global growth] is going to be hard for the next few years because the process of deleveraging that started after the global financial crisis still continues. In the Eurozone you still have high debt ratios of the banking system, of the housing sector, in the United States we have not done much of the fiscal adjustment yet. Therefore I think that you'll have slow economic growth in most advanced economies for the time being."

Excerpt from PCWorld -- "So what, apart from the money itself, does crowdfunding offer a fledgling venture? In an April 2013 paper coauthored by Burtch, Anindya Ghose of NYU’s Stern School of Business, and Sunil Wattal of Temple University’s Fox School of Business, one clear benefit stood out: Crowdfunding gives new ventures an opportunity to generate valuable publicity. 'Crowdfunding helps to create a lot of buzz, word-of-mouth, and awareness of a project, which then eventually helps in the final demand or consumption of that project,' says Ghose."

Excerpt from Luxury Daily -- “'Think of a microsite as an enhancement of brand DNA,' said Thomai Serdari, director of research and adjunct associate professor at NYU’s Leonard N. Stern School of Business. 'Being able to excite the consumer in the luxury market is one of the most important things,' she said."

NYU Stern Professor Hal Hershfield and his colleagues H. Min Bang and Elke U. Weber of Columbia University find that the best way to encourage environmentally friendly behavior is to emphasize the long life expectancy of a nation, not its imminent downfall.