Experience Stern | News & Events

Excerpt from Project Syndicate -- "The United States Federal Reserve’s decision to undertake a third round of quantitative easing, or QE3, has raised three important questions. Will QE3 jump-start America’s anemic economic growth? Will it lead to a persistent increase in risky assets, especially in US and other global equity markets? Finally, will its effects on GDP growth and equity markets be similar or different?"

Excerpt from The Huffington Post -- Translated from Italian using Google Translate: "In the period 1990-2009, gross domestic product per capita Italian (real, that is, correcting for inflation) grew at an average of 0.6 percent per year. In other words, in less than twenty years, GDP per capita grew by only 11% (Bank of Italy)."

The 27th Annual AHBBS Conference, hosted by the NYU Stern Association of Hispanic & Black Business Students (AHBBS) is themed, “Leadership Through Innovation: Creating a Career of Opportunity and Choice.”

A conference jointly sponsored by the Federal Reserve Bank of New York and the NYU Stern Salomon Center.  This conference aims to promote a better understanding of the role of private equity in the US economy, including real economic effects of private equity transactions and economic welfare implications.

On Thursday, October 11, 2012, NYU Stern co-hosted, with the Ministry of Foreign Affairs of the Republic of Poland, a panel discussion on Europe’s Economic and Financial Future with Commissioner Janusz Lewandowski, Member of the European Commission, Financial Programming and Budget.

Excerpt from ABC News -- “There used to be liberal Republicans and conservative Democrats; those are largely gone,” Haidt said. ”So now we’re not like two sports teams competing, we are like something from ‘Lord of the Rings.’ ‘We’ are the perfectly good people and ‘they’ are the forces of darkness. And that’s unfortunate, it’s hard to have a democracy without compromise, and it’s very hard to compromise when the people think the other side is evil.”

Excerpt from NerdWallet -- "I think that some classes should be made mandatory in high school — high school rather than college, because it’s the least educated who need those classes the most. Finance is a somewhat novel and abstract field, and it should be learned. Some basic rules of thumb are pretty simple to learn, but they will go a long way towards avoiding catastrophic finances down the road."

Excerpt from Psychology Today -- "One possibility is that by completing several small tasks, I give myself a sense of competence that I can do what I set out to do, or what psychologist Albert Bandura has termed “self-efficacy.” Another possibility, however, is that trying to pay attention to a number of smaller sub-tasks makes it harder for me to maintain my focus on the big picture (think: 'Well, I just finished these three little things, so I may as well as check out what’s new and exciting on Facebook for three hours before writing this blog post')."

Excerpt from CNBC -- "It's the speed of real time data being generated that makes it so appealing to businesses...Macy's used it to determine how many customers they will get at Thanksgiving, and can plan on what to sell in real time. And Sears personalized promotions for customers in a just a week when it used to take them eight. There's so much that can be done with it."

Excerpt from Ignites (a Financial Times service) -- "Creating a leadership development program internally, rather than outsourcing that entire function, is important for firms because it sends a signal to all employees, says R. Kabaliswaran, a clinical professor of management at New York University who also teaches MBA courses on leadership, power, politics and strategic design at the NYU Stern School of Business."

Excerpt from Financial Times -- "For Ms Dole, who is studying at New York University’s Stern School of Business, the decision to take an MBA does not reflect a change of career. 'I’ve been in the arts my whole life – it’s my passion,' she says. 'I’ve spent a career in dance and I’m looking for ways to increase my ability to have an impact on the field I love so much.'"

Excerpt from TIME -- "Both candidates are essentially saying, Vote for me because the other side destroyed a fair America in which hard work paid off. Vote for me because I’ll restore fairness and the American Dream. But if we dig a little deeper into what the two sides mean by fairness, the similarities melt away."

Excerpt from Financial News -- "The last time economic issues took centre stage with such significant importance was 20 years ago when Ross Perot, as an independent, gathered 19% of the popular vote in support of his deficit reduction agenda."

Excerpt from The New York Times -- "As the cost of health care continues to be a battering ram in the 2012 presidential campaign, Professor Baumol’s seemingly academic treatise contains a couple of zingers that one can imagine President Obama incorporating into his stump speech. The future is bright, this book argues, as long as policy makers don’t do things that are sure to bring on the storm clouds."

Three teams of MBA students went head-to-head, pitching their ideas for future business endeavors in the finals of Amazon’s Innovation Competition. Student teams competed for prizes ranging from a Kindle Fire to a job interview at Amazon’s Seattle headquarters by writing proposals that answer the question, “If I were at Amazon I would totally …”

Hosted by EEX, the competition gives MBA2 student teams three weeks to create an actionable product or service for Amazon. Written submissions will be reviewed by Amazon management, and finalists will pitch their ideas to Amazon executives at an on-campus event on Friday, October 5.

On October 5, the Luxury & Retail Club will host their sixth annual conference, themed, "Knowing the New Consumer: Retail’s Response to Changing Demographics." Featured speakers include Jean-Marc Plisson, CEO, Fresh; Farooq Kathwari, CEO, Ethan Allen; Jeffry Aronsson, CEO, Aronsson Group and former CEO, Oscar de la Renta, DKNY and Marc Jacobs; Jennifer Hyman, CEO and Co-Founder, Rent the Runway; and Deborah McWhinney, COO, Citi Global Enterprise Payments.

Excerpt from Outsource Magazine -- "In today’s global services outsourcing arena, increasing numbers of companies adopt “multisourcing”; that is, they select and combine information technology (IT) and business services from multiple providers. The decrease in deal size, well-documented by the Global TPI Index, is one indicator that buyers are dividing their business among multiple providers."

Excerpt from HuffPost Live -- "My point of view is that especially with "Golden Dawn" in Greece right now, this is a reaction by significant parts of the population to the fact that the police doesn't do its job right, there is much more violence in Greece than you expect and the middle class does not want to tolerate. There has been widespread distribution of drugs by immigrants and widespread prostitution by immigrants in middle class neighborhoods and a lot of people are very upset and that has given rise, to some extent, to the Golden Dawn."

Excerpt from Forbes -- "...health care is just going to carry on getting more expensive. That’s the very gloomy headline lesson from William Baumol’s new book. Given that it is Baumol’s Cost Disease, one of Professor Baumol’s contributions to economic theory, that tells us that health care is just going to keep getting more expensive he’s probably a very good guy for us to be listening to on the point."

As part of NYU Stern’s Block Lunch event series, hosted by Dean Peter Henry, former chairman of the Republican National Committee Ken Mehlman, head of Global Public Affairs at Kohlberg Kravis Roberts & Co., engaged with more than 100 MBA students. Based on his experience in politics and, more recently, private equity, he shared some professional advice.

Excerpt from The Saturday Evening Post -- "The problem is not just limited to politicians. Technology and changing residential patterns have allowed each of us to isolate ourselves within cocoons of like-minded individuals. In 1976, only 27 percent of Americans lived in 'landslide counties'—counties that voted either Democratic or Republican by a margin of 20 percent or more. But the number has risen steadily; in 2008, 48 percent of Americans lived in a landslide county. Our counties and towns are becoming increasingly segregated into 'lifestyle enclaves,' in which ways of voting, eating, working, and worshipping are increasingly aligned."

The Foundation for Social Change, the United Nations Office for Partnerships and the NYU Stern School of Business are teaming up to host the third annual Global Conference for Social Change: Making the Business Care for Sustainability. This year’s event will recognize the annual Leader of Change award – organizations committed to FSC’s mission of building a business case for environmental sustainability.

Excerpt from Forbes -- "'I use the analogy of the atrium that Steve Jobs built at Pixar Studios,' Williams said. 'Jobs came in, scrapped the idea of designing offices in three separate buildings, said ‘we’re going to have one building,’ and put a giant atrium in the middle, because he wanted everyone and their ideas to mix. But he knew that it wasn’t enough just to have the physical space where people could mix, he had to force people to mix. So he put the mailboxes, the cafeteria, the gift shop, and the only set of bathrooms in the building down there. I think the Berkley Center plays that role. It has to be a virtual atrium of some sort. It has to be the reason and the catalyst for this mixing to happen.'"

Excerpt from ABC News -- "Lindsey recently met with her mentor, business man and Mayor of New York City, Michael Bloomberg, and his Chief Service Officer, Diahann Billings-Burford. They discussed Lindsey’s strengths and weaknesses, as well as the importance of corporate social responsibility, and explored the areas that Lindsey might be able to make the most impact."