Experience Stern | News & Events

Excerpt from The Hill -- "While the incentive auction is important and deserves the attention it is receiving from the commission and Congress, attention should also be paid to another category of spectrum: the Mobile Satellite Service (MSS) spectrum. This is the most immediately available spectrum—indeed, the only significant block of spectrum that is already licensed but not deployed."

Excerpt from Project Syndicate -- "Watching for progress on these key elements of structural change and reform seems to be the right stance. If markets are confused or pessimistic about China’s longer-term agenda, but if the direction of structural change and reform is positive, there may be investment opportunities that were absent in the more exuberant recent past."

Excerpt from CNC World -- "This previous government [in Portugal] up to now did a very good job, in my opinion, in terms of the restructuring the foreign debt; did a very poor job in terms of explaining and selling ... internally, the policy of fiscal consolidation, because it's had tremendous social costs and some of those costs could have been minimized by a better communication strategy."

Excerpt from CNBC -- "...even though we've not seen the kind of recovery in the labor market that we've seen, for instance, in the stock market, labor and capital do not necessarily need to be in conflict. This is not a zero sum game. And what we have to remember is the thing that is really driving all of this is...technological advancement and globalization."

Excerpt from Financial Times -- "New York University Stern School of Business and New York University School of Law today announced that Sir Mervyn King, the former head of the Bank of England, will be a distinguished visiting professor at both schools in the fall semester. He stepped down from his position of Governor of the Bank of England on June 30, 2013, having served in that role for 10 of his 22 years at the Bank."

Excerpt from Project Syndicate -- "Some factors are cyclical, but others – state capitalism, the risk of a hard landing in China, the end of the commodity super-cycle – are more structural. Thus, many emerging markets’ growth rates in the next decade may be lower than in the last – as may the outsize returns that investors realized from these economies’ financial assets (currencies, equities, bonds, and commodities)."

New York University Stern School of Business and New York University School of Law announced that Sir Mervyn King, the former head of the Bank of England, will be a distinguished visiting professor at both schools in the fall semester.

Excerpt from Financial Times -- "Last semester, about 30,000 students tuned in to his Massive open online course (Mooc) on Apple’s iTunes U and about 20,000 more watched it on YouTube and other online venues. ... 'Fundamentally as teachers, we like an audience and we like to perform,' says Prof Damodaran. 'My primary mission is to reach as many people as I can and technology allows me to expand my classroom.'"

Excerpt from Poets & Quants -- "In 2011, Stern gave CourseHorse $75,000 for winning the Audience Choice Award at its 12th Annual New Venture Competition. ... 'I went to undergrad at Stern and I benefited tremendously from it,' Parthasarathi says."

Excerpt from Quartz -- "The two plans initiated by US and European brands are an unprecedented acknowledgment of their responsibility and commitment to improve working conditions where their products are made. To be sure, there are flaws in both plans and their competing nature makes implementation all the more challenging. But they are an important step forward for workers in Bangladesh."

Excerpt from Bloomberg -- "I think what I see in companies that do very well, I see also in countries. And that is, they put economic 'stuff' in the right place...it's an enormously important skill."

Excerpt from The Wall Street Journal -- "The auditing business rests on what Joshua Ronen, a New York University accounting professor, once called 'a structural infirmity.'"

Excerpt from Morningstar -- "In 'Corporate Investment and Stock Market Listing: A Puzzle?,' professors John Asker, Joan Farre-Mensa, and Alexander Ljungqvist held company size and industry constant and found that the private companies in their (new and extensive) database plowed an average of 6.8% of their assets back into their businesses each year, as opposed to 3.7% for the public companies."

Excerpt from MarketWatch -- “'There’s a real disconnect because your life pre-retirement is much different than your life post-retirement,' says Hal Hershfield, a professor at NYU’s Stern School of Business who conducts research on judgment, decision-making and social psychology with an emphasis on how thinking about time can alter decisions and emotions."

Excerpt from The Huffington Post -- "I think in the long run our greatest hope is capitalism. That might sound like a strange thing to many people now because America is engaged in a debate on the ethical nature of capitalism. What I'm hoping is that we as Americans, and people in other countries, too, can think more clearly about capitalism as the engine of growth that lifts people out of poverty. It can only work when you have efficient markets, and you can only have efficient markets when you have government tamping down on monopoly, on those who exploit public goods, and on those who pass externalities on to others."

Excerpt from the Financial Times -- "Investors depend on long-term returns from stocks to fund their retirements. What a nasty irony, therefore, that public ownership gives company managers reason to favour short-term profits over long-term growth. In a recent paper, John Asker, Joan Farre-Mensa and Alexander Ljungqvist – researchers at New York University and Harvard – find new evidence of this. They compare investment levels at a large sample of private and publicly traded companies over a decade. They find that the private ones invest more than the public ones, growing their total assets by, on average, 6.8 per cent a year versus 3.7 per cent."

Excerpt from Financial Times -- "If Myanmar were to invest quickly and heavily in broadband and mobile telecoms, it could be one of the fastest-growing economies in the world, potentially quadrupling GDP from $45bn in 2010 to over $200bn in 2030, and taking 18m people out of poverty."

Excerpt from Forbes -- "In 2000 he partnered [with] the noted economist William Baumol in Global Trade and Conflicting National Interests, a book that explodes the myth that nations always benefit from free trade. In a debate where most anti-trade arguments don’t pass even elementary tests of economic literacy, Gomory marshaled higher mathematics to confound economic orthodoxy."

Excerpt from Poets & Quants -- "In the NYU Stern Executive MBA program, customization is alive and kicking. In early May, we were given 39 electives to choose from to build our curriculum for the 2nd year of the program. By offering this multitude and breadth of courses, we can tailor our experience to our career goals and interests."

Excerpt from Financial Times -- "Prof Posner has three items on his agenda: to develop a group of well-educated business leaders who respect human rights; to advance the research agenda with rigorous analysis; and to convene the companies and individuals who decide strategy."

Excerpt from Bloomberg TV -- "The best marketers will probably invest in digital, boring things like search and email and CRM, some limited event marketing, and I would say print."

Excerpt from CCTV -- "It feels like this company could be accused of chasing the shiny bright object and re-orging. And that's typically signs of a company that has kind of plateaued or declining."

Excerpt from Bloomberg TV -- "Every company has to think about not just their present but their future. And if this industry is going the way of consumers really wanting an integrated approach - hardware, software and services - then this rather large organization really needs to realign itself in order to be able to provide that kind of delivery. And that's going to require teamwork and collaboration."

Excerpt from Bloomberg TV -- "On the one hand, with technology...it is the age of the consumer because there is so much information out there ... but on the other hand, it's an age of a squeezed consumer and so everyone's trying to find ways to those consumers that are really struggling with low employment."

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.'”