Experience Stern | News & Events

On Wednesday, April 10, MBA students celebrated the final weeks before graduation at the 2013 Bowling Night with President John Sexton and Dean Peter Henry.

Excerpt from CKGSB Knowledge -- "The average Chinese consumer is far ahead in terms of mobile device adoption and usage. They’re also ahead in terms of not just downloading of apps, but also retention. One of the fundamental problems (of retention rates for apps in Europe and in the US) is that there are a lot of apps out there that get downloaded, only a fraction of them actually get used consistently. Whereas, in the Asia-Pacific region (South Korea, China, Japan, etc.) the average consumer is significantly ahead not just in the adoption of the mobile, but also in the adoption of apps and continued usage."

Excerpt from Bloomberg Businessweek -- "Ehrlich says Franklin & Marshall College in Pennsylvania has an economics course that broadens students’ perspectives by treating neoclassical economics as one approach among many, while the Business and Society Program at NYU’s Stern School of Business offers a series of four required courses placing business in a larger societal context."

Excerpt from the National Post -- "'Some form of "digital trust" is essential for sharing-based business models, especially those that involve exchange between peers,' wrote Arun Sundararajan, a New York University professor and sharing economy researcher, in an email to the Post."

Excerpt from the Los Angeles Times -- “'It could be the tip of the iceberg,' Joshua Ronen, a professor of accounting at New York University's business school, said Tuesday as details from the scandal were emerging. 'But if it is just isolated events, then that by itself is just a glitch.'”

Excerpt from Barron's -- "Titled 'A Rose Among Thorns,' Roubini argues that the U.S. economy may have its problems but 'among advanced economies, the U.S. is in the best relative shape, followed by Japan, where Abenomics is boosting confidence.'"

Excerpt from Bloomberg TV -- "I think the US should be very concerned about Europe because obviously it has a great feedback effect on US companies, US demand. Europe is one of our biggest customers. And the uncertainty about the stability of the Eurozone and the Eurozone banks actually feeds back to the US economy. That level of uncertainty is very high right now following the events in Cyprus and so there's a great deal of concern about the stability of the European financial system and the European banks, even in some of the major economies."

Maria Bartiromo, with Suresh Sani, Undergraduate College Dean Geeta Menon and Professor Batia Wiesenfeld, was this year’s 2013 Sani Lecture keynote.

As part of NYU Stern's Leadership Development Initiative, coordinated by the School's Leadership Development Team, Marla Capozzi, head of McKinsey & Company's Innovation practice, spoke with Luke Williams, executive director of Stern's Berkley Center for Entrepreneurship & Innovation, about how leaders can foster innovation.

Excerpt from MarketWatch -- "But using round numbers made J.C. Penney seem less like a discount store à la Target, which sells sports jackets at $49.99 instead of $50, experts say. 'A high-end restaurant will charge $32 for a steak because it makes it seem more luxurious than a steak for $31.99,' says Vicki G. Morwitz, a professor of marketing at the Stern School of Business at New York University.'"

Excerpt from The New York Times -- "'Luis Cabral, a Portuguese economist and professor at New York University, said the court still went beyond a legal ruling and delivered what amounted to 'a significant political statement,' which means that 'effectively, government expenditure cannot be reduced.' In terms of Portugal’s budgetary commitments, Mr. Cabral added, 'when you put it all together, it’s clear that things do not add up.'"

Excerpt from CNBC -- "'It's hard to see this as humane,' Frank said. 'Seniors are facing hardships economically with cost-of-living increases, especially in health care.'"

Excerpt from The Wall Street Journal -- "Speaking Monday at a panel at New York University’s Stern School of Business, Mr. Volcker conceded that fixing and restructuring the country’s complex financial system is 'a very difficult process… that’s not going to happen in a hurry.' That is because 'attitudes haven’t changed,' and politics have ensnared the drafting of some regulations. Three years ago, the Dodd-Frank omnibus reform measure, was signed into law."

Excerpt from Bloomberg -- "Alcoa grew at the beginning of the 20th century to dominate U.S. industry as an integrated monopolist alongside John D. Rockefeller’s Standard Oil and Andrew Carnegie’s U.S. Steel Corporation, according to George David Smith, a professor of business history at New York University’s Stern School of Business who has consulted for Alcoa."

Excerpt from the Financial Times -- "Yes, there is a place for research but it has to be kept in its place. It can’t be the criteria for hiring or promotion. Teaching ability should be the primary factor. Students are entitled to the best teachers that schools can secure, but not the best researchers. They don’t need the person who invents theoretical models to teach them those models. They need someone to teach them who is a good transmitter of information."

On April 6, the Stern in Africa club (SIA) will host the 2013 NYU African Economic Forum, in partnership with NYU Africa House and The Council of Young African Leaders and Vital Voices.

Excerpt from CNBC -- "Discipline does not mean fiscal austerity. Discipline means a sustained commitment to a pragmatic growth strategy that's both vigilant and flexible and values what's good for the country as a whole over any individual or interest group. And so when you look at it that way and you look at what developing countries have done, they have learned from the things that we've preached to them in the 1980s and 1990s and now if we would just take a look at countries like Brazil, Chile, South America to the countries of East Asia, there's a message there for us to basically take what we taught them and apply it at home and begin to start growing again and begin to get out of this period of low expectations and underperformance."

Excerpt from AtGoogleTalks -- "2002 - 2007 was a great period for the world economy. We're in a much less robust period. In 2012, the advanced nations of the world grew only 1.3% per year. Europe actually contracted. Europe's in a recession. Emerging economies still grew at 3.5%. So in the aftermath of the financial crisis from 2008-2009, from which we're still recovering, and very importantly, we know from work by a number of scholars including Carmen Reinhart and Ken Rogoff that countries recovering from financial crises, when financial crises are the cause of the recession, countries grow much more slowly...and that means we need emerging economies to continue to grow at rapid rates in order to pull along the advanced world."

Excerpt from NPR -- "In his new book Drunk Tank Pink Adam Alter, an assistant professor of psychology and marketing at NYU, explains how subtle cues, such as the sound of someone's name or the color of a room, can influence behaviors and thoughts."

Excerpt from CBS News -- "When I was a graduate student at the University of Pennsylvania in the late 1980s, I set for myself the task of trying to figure out what morality really is. Where does it come from? Why is it so variable around the world, yet at the same time, you see the same basic elements (such as reciprocity, care, loyalty, and authority) repeated over and over again? I studied how morality varied between India, the USA, and Brazil. But after John Kerry's loss to George W. Bush in the presidential election of 2004, the Charlottesville Democratic Association asked me to give a talk on how liberals and conservatives differ. I found that the ideas I had developed to compare different countries worked quite well to compare different sides of the political spectrum. After that talk, I decided to change my research to focus on the left-right divide, which was (and still is) tearing America apart. "The Righteous Mind" is my effort to explain that divide, while at the same time answering the question I set out to answer in grad school: what is morality, and where does it come from?"

Stern’s Entrepreneurs Exchange (EEX) is taking a new approach to how conferences work by arranging a series of "mini-treks" throughout the city, allowing attendees to leverage Stern’s location by visiting firms such as Warby Parker, ZocDoc, Foursquare, Betaworks, OpenSky, RebelMouse, Bitly, Fab.com, SinglePlatform, Sailthru and Iconic Hand Rolls.

Passport Day, organized by the Student Government International Committee, was held on Thursday, April 4 in Gould Plaza.

Excerpt from Science Friday -- "When Carl Jung, one of the most famous psychiatrists of the 20th century, once wondered why he was so fixated on the concept of rebirth, the answer arrived in a flash of insight: his name meant “young,” and from birth he had been preoccupied by the concepts of youth, aging, and rebirth."

Excerpt from CNBC -- "In terms of comparing the US with Europe, with Japan, with the United Kingdom, US economic growth is better. Deleveragings occur faster, there is a housing recovery, there is the shell gas and oil revolution..."

Excerpt from the Los Angeles Times -- "Anindya Ghose, co-director of the Center for Business Analytics at New York University, said Facebook is reaching deeper into users' personal lives but that this is basically what social networks have done since they first bounded onto the scene. 'It's just the way things are,' he said."