Experience Stern | News & Events

Excerpt from CNET -- "'Instagram is a FOMO engine. It shows you that other people are leading incredible lives and doing incredible things that you aren't doing,' Adam Alter, associate professor of marketing at the New York University Stern School of Business, said in an email.
 

Excerpt from WalletHub -- "A credit card can be useful: It allows an individual to delay the payments for purchases when cash-on-hand is short. But the use of a credit card also means taking on additional debt: If the individual is careless in spending and thus the accumulation of that debt, then repaying the debt can become difficult; late fees accumulate; personal bankruptcy and/or a bad debt record follows; and then other aspects of the individual's life become more difficult as well."

Excerpt from Los Angeles Times -- They know more about their subscribers than anybody else,' said Aswath Damodaran, a finance professor at New York University’s Stern School of Business. 'They need to figure out a way and take that information from their subscriber base and be more focused.'”
 

Excerpt from Vogue Business -- "Still, India remains a promising untapped market for brands from Alexander McQueen to Valentino. 'These negative developments are short-term hiccups,' says Anindya Ghose, a business professor at New York University who studies Indian retail. 'I can see the battle lines being drawn between Amazon, Walmart and Reliance.'"

Excerpt from Bloomberg -- "Next week marks the 50th anniversary of the Nobel Prize in Economics, as it has come to be known. It was first awarded in 1969 by the Swedish central bank as an addendum to the other, much older, Nobel prizes (and is correctly known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel). This upstart status subtracts nothing from the esteem, or cash, according to the laureates. The latest winner, or winners, will be announced Monday."

On Wednesday, October 9, NYU Stern's Management Communication Program will host its second Speaker Series featuring Lindsey Dietschi (MBA '11), Vice President of Global Health Partnerships at Pfizer and Stern Adjunct Faculty member.

Excerpt from Poets & Quants -- "At New York University, Parbs Anant always looked forward to her Professional Responsibility and Leadership course – despite the course being held in the morning and requiring her to take stands on 'controversial' issues. The reason? Her professor, Shelly London, fostered a comforting environment where students felt safe and supported in exploring and formulating their positions."

Excerpt from This is Money -- "The SME Z-score, created by Altman and one of his former students, Gabriele Sabato, follows the same model but determines whether or not a small company is likely to fail. Currently it covers all unlisted businesses with an annual turnover starting around $1million (£815,000) up to $150million (£122million) across Europe."

Excerpt from Gizmodo -- "The bigger picture is that blockchain will affect all sectors that rely on secure data transacted among many participants, which is basically all sectors. This fall Walmart’s leafy green suppliers will be required to use the IBM blockchain built for supply chain logistics. This is not an accident, because leafy greens are often the site of food borne illnesses and the cause of expensive recalls."

Excerpt from The Wall Street Journal -- "America has a severe plumbing problem. When it comes to crude oil and natural gas, the country can’t seem to replace its aging pipes or put in new lines to meet market demand on a timely and cost-efficient basis. For all the current administration’s vocal support of the industry, the situation has worsened under President Trump."

Excerpt from The New York Times -- "In a paper published Monday, Michael Waugh, a professor of economics at the New York University Leonard N. Stern School of Business, argued that China’s retaliatory tariffs were also having an effect on spending by Americans. The paper showed that parts of the United States that were most exposed to the tariffs China had put on American products in response to the trade war — including the upper Midwest, the West Coast, and parts of Texas, Kansas, Oklahoma and Nebraska — had also seen a drop in consumer spending on automobiles, as well as job creation."

Excerpt from The Conversation -- "When the Colt gun manufacturing corporation announced in September that it would stop producing its AR-15 semiautomatic rifle for sale to the general public — to focus on handguns and military production — some gun-control advocates declared victory, saying the move would help limit the availability of assault weapons in the US."

Excerpt from Strategy + Business -- "Globalization and international commerce have faced strong headwinds before, as author Pankaj Ghemawat notes in his book The New Global Road Map: Enduring Strategies for Turbulent Times (Harvard Business Review Press, 2018)."
 

Excerpt from Medium -- In my experience employees today, more so than ever before, aspire to join organizations that are purpose-driven. Employees are much more likely to be engaged and happy at their company if the organization’s mission and values resonates with their own personal values. Organizations that work to align their culture with their business strategy achieve happy and engaged employees, but it requires a meaningful commitment and unfortunately many organizations fall short.

Excerpt from Yahoo Finance -- "'Unfortunately there is too much uncertainty. We don't really know how things are going to go-- if we're going to go towards reduction of tariffs and an actual agreement within the next couple of months or if we're going to go in the opposite direction. I am more inclined to say we are going to go in the first direction towards an agreement, but at the same time there's a lot of uncertainty.'"

"Melissa Schilling, in her book, 'Quirky,' points to a high level of self-efficacy as one of the key factors in “serial breakthrough innovators”—the likes of Albert Einstein, Marie Curie, Thomas Edison, Nikola Tesla, Dean Kamen, Steve Jobs, Elon Musk."

“Ideas mean that we can have sustained economic growth, and we will not only have more stuff but be better people.”

Excerpt from GARP.org -- "Michael Pinedo, Julius Schlesinger Professor of Operations Management at New York University's Stern School of Business, says the aggregation and standardization of banks' data 'is a valid approach,' but any such effort needs to be assessed regarding the technical details and the degree of statistical expertise employed."

"Under Mr. Manley’s leadership, Jamaica began borrowing heavily to pay for social programs, setting the stage for Jamaica’s recent fiscal struggles, according to Peter Henry, a Jamaican-born economist and former dean of New York University’s business school."
 

“'Some researchers have described phones as adult pacifiers, because they act like pacifiers do for young kids: They soothe anxiety and other forms of psychological discomfort,' said Adam Alter, Associate Professor of Marketing at New York University’s Stern School of Business and author of Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked."

“Americans are increasingly likely to get news from social media sites, even as large percentages of Pew respondents say they’re wary about whether that news is biased or sensationalized,' Barrett told Quartz over email. 'This is a recipe for voter cynicism and intensified political polarization.'"

“Why is espousing the "Slow Movement" beneficial? Dolly Chugh, a psychologist and NYU professor, gave TODAY three reasons why it's important to slow down.”

"That’s because brokerage commissions already were so low that they amounted to nothing more than a 'drop in the bucket' of total transaction costs, according to Aswath Damodaran, a professor of finance at the Stern School of Business at New York University."

"Target Circle is the latest entry in what NYU business professor Alixandra Barasch calls 'an arms race' — one in which retailers are trying to one-up their competitors by offering gold and platinum elite levels and investing big money."

"Lawrence White, professor of economics at New York University’s Leonard N. Stern School of Business, told InsideSources he thinks Deutsche Bank’s report exaggerates the impact of fintech on the banking community."