Experience Stern | News & Events

Excerpt from the Triangle Business Journal -- "The share of students strapped with more than $50,000 in student debt has exploded since 2000, according to new research from Adam Looney of The Brookings Institution and Constantine Yannelis of NYU Stern. While there were 5 percent of student borrowers who had more than $50,000 in student debt back in 2000, that share grew to 17 percent of student borrowers by 2014."

Excerpt from ABC News Radio -- "'In the case of bitcoin and other digital currencies, you're really relying on the mathematics and probabilities behind them that provide the basis for security that you believe that there won't be too many issued because you can see the equations and the criteria for adding more units of currency,' added Yermack, who also teaches a course on bitcoin and cryptocurrencies."

Excerpt from the Economic Times -- "Automation is going to gulp up a lot of the jobs where China, Thailand, Vietnam and Bangladesh have historically relied heavily on certain professions to employ unskilled people. It really depends on the profession and the extent to which supply and demand are collocated."

Excerpt from Livemint -- "This is going to be a period of adjustment for everybody. Asset prices that have perhaps been inflated because money was so cheap and so things will have to adjust. Now what form that adjustment is going to take—nobody has a crystal ball to be able see but it is going to be a difficult period for everybody in financial markets."

Excerpt from BizCommunity -- "'The university will confer an honorary doctorate on Prof Engle in recognition of his pioneering discovery of a method for analysing unpredictable movements in financial market prices and interest rates. This method, employed by private and public sector economic researchers and practitioners operating as financial markets analysts and economic decision-makers, has become indispensable,' said the Executive Dean of the College of Business and Economics (CBE), Prof Daneel van Lill."

Excerpt from The Star -- "'Technically, all development is a form of TOD. Otherwise, you would never have development in a place without adequate transportation. Unless it is built with subsidies for example,' said Lamson-Hall, who has a master’s degree in Urban Planning from the NYU Wagner School of Public Service."

Excerpt from CIO -- "The first question for regulators, Dhar says, is do state-of-the-art AI systems — regardless of application domain — result in acceptable error costs? For example, transportation regulators might determine that since autonomous vehicles would save 20,000 lives a year, the technology is worthwhile for society. 'But for insurance markets to emerge, we might need to consider regulation that would cap damages for errors,' he says."

Excerpt from Adweek -- "'The NBA and its players are very effective at reaching fans through social media,' said Paul Hardart, marketing professor at the NYU Stern School of Business. 'They’ve done a great job with connecting with broader cultural trends, whether it’s with music—Drake and Jay-Z citing the game in their songs—or fashion, to the point where the NBA has become its own fashion brand to some degree.'"

Excerpt from BusinessBecause -- “Our business and human rights courses and research opportunities explore how businesses can proactively address issues that may have an impact on the bottom line such as: the risks in global manufacturing supply chains, the exploitation of migrant workers or the dangers to leading Internet companies posed by harmful content online.”

Excerpt from Poets & Quants -- "While the Big Apple may be the perfect starting point for a finance career, Scheer credits something altogether different for his decision to enroll at Stern. 'It was the passion, warmth, and propensity for mentorship displayed by the Stern Military Veterans Club that made the choice easy,' he writes."

Excerpt from The New York Times -- "...when employers want to know how good a worker is, they have several alternatives to considering salary history, many of them more revealing. They can, for example, interview the candidate, read letters of recommendation, and talk to former employers and co-workers. In a recent study, the economists John Horton of New York University and Moshe Barach of Georgetown University conducted an experiment on a prominent online freelancing platform and found that employers responded in precisely this way."

Excerpt from The New Yorker -- "In 'Quirky: The Remarkable Story of the Traits, Foibles, and Genius of Breakthrough Innovators Who Changed the World,' Melissa Schilling gathers eight titans of STEM—among them Albert Einstein, Steve Jobs, Nikola Tesla, and Benjamin Franklin—and finds that they share a handful of key traits."

Excerpt from MoneyControl -- "Is there any good ideological reason for holding on to nationalised banks? My personal opinion again, probably not. I think one of the things that a nationalised bank has is this implicit safety net that the government is going to bail us out anyway. So somewhere I read recently that of the USD 200 billion of impaired loans in the system is something like a 180 billion are in various public sector banks which makes the recent recapitalisation of USD 32 billion seem like if not a drop in the ocean, at least - inadequate."

Excerpt from Mother Jones -- "The credibility boost was similarly strong when subjects were told the ads were not vetted by regulators—which is true. 'We made explicit to half of participants (and repeatedly reminded them) that the Federal Election Commission had not evaluated the content,' Critcher and Jung write. Even subjects who acknowledged that the Stand By Your Ad tagline did not reflect an ad’s truthfulness were significantly influenced, according to the paper."

Excerpt from China Daily -- "'Many Chinese consumers have a lot of disposable income and during the New Year there are a lot of parties involving family and friends. It’s not surprising that companies would be interested in trying to get people to buy during a season when they are predisposed to buy,' Russell Winer, professor at the Stern School of Business at New York University, said in an interview."

Excerpt from the CPA Journal -- "What is possible to do is to assess the usefulness of items in the financial report. And the key item is, of course, the bottom line. I did so recently in an article published in Financial Analysts Journal. Basically, what my coauthor Feng Gu and I said was: if earnings indeed reflect value creation by companies, then investing in companies with good earnings should yield very high returns."

Excerpt from IndiaSpend -- "As flows of trade and people fell the world over since the 2008 global financial crash, India dropped 16 spots to 78 from 62 among 140 countries in 11 years to 2015 on a globalisation index brought out by international logistics company DHL. The Global Connectedness Index 2016, the fourth since it was first released in 2011, prepared by Pankaj Ghemawat and Steven A. Altman (both teach management at New York University Stern School of Business, US), was released on November 15, 2016."

Excerpt from The Wall Street Journal -- "'A relatively small share of borrowers accounts for the majority of outstanding student-loan dollars, so the outcomes of this small group of individuals has outsized implications for the loan system and for taxpayers,' the authors say."

Excerpt from WIRED -- "'The platforms are walking a fine line: Clearly they each want as much time as possible from the drivers, but they also don’t want to step over the line where there’s any indication that this is anything other than an independent contracting relationship,' says Arun Sundararajan, a professor of business at New York University and author of The Sharing Economy. 'There’s also potentially a danger in blocking the app, because both Uber and Lyft have market power now. This is an app in an adjacent space, and it could attract antitrust attention if they blocked it.'"

Excerpt from Digital Trends -- "'In my opinion, I think these efforts are not going to work out because internet service is considered an interstate service. This is regulated by the FCC,' said Nick Economides of the NYU Stern Business School, who specializes in electronic commerce and public policy and is pro-net neutrality. 'I don’t think the states have jurisdiction. They can try, and then some court is going to say they don’t have jurisdiction.'"

Excerpt from Bloomberg -- "'His general view would be, yes, these markets sometimes have sinking spells, there are people who are too enthusiastic or too pessimistic,' Sylla said. 'But most of the time, the markets do a great job of allocating capital.'"

On Feb. 15, the NYU Stern Center for Sustainable Business and GlobeScan co-hosted a panel discussion entitled, “Corporate Sustainability Leadership: Past, Present and Future Trends”.

Excerpt from MSNBC -- "I actually think the people that work for these firms are decent people. I know a lot of them. I just think a healthy part of the economic cycle is when a few firms aggregate too much power that the market needs to be oxygenated and they need to be broken up."

Excerpt from CT Post -- "Just as it is critical for companies to be able to get out of their comfort zone in order to successfully shift ahead, it is also critical for companies to maintain their authenticity. Martin Crane is who he is -- a straight-talking, retired police detective who just happens to move in with his pompous, smarty-pants son."

Excerpt from BusinessBecause -- "Citing preeminent nearby firms such as Union Square Ventures, IBM Blockchain Garage, the Digital Currency Group, [Yermack] adds that 'the main financial markets of the world and many of the important regulators are also in New York. It would be inexcusable for us not to tap into all the expertise and innovation that is occurring on our doorstep.'"