Experience Stern | News & Events

Excerpt from Vanity Fair -- "'EB-5 capital continues to thrive as a mainstream source of capital for real estate development projects,' according to the NYU study. 'It flourishes despite the uncertainty surrounding the EB-5 Program posed by the looming threat of reform.'"

Excerpt from Retail Dive -- "'Audits are certainly important,' Casey O'Connor, senior program manager for New York University's Stern Center for Business and Human Rights, said in an interview with Retail Dive. 'But I think it's fair to say that there's industry consensus that audits alone have not really moved the needle on a lot of the kind of problematic labor conditions that remain fairly pervasive in the apparel industry.'"

Excerpt from Folha de S. Paolo -- (translated from Portuguese using Google Translate) "'There is a real chance of plunging the global economy into recession. I think we'll see that in the first half of 2020,' Robert Salomon, professor at the New York University Stern School of Business, told Folha."

Excerpt from Bloomberg-- "Only five developing countries have made the transition to advanced-nation status while maintaining high levels of growth since 1960, according to Nobel laureate Michael Spence, a professor at New York University’s Stern School of Business."

Excerpt from Financial Times -- "Amy Webb’s The Big Nine examines the largest US and Chinese companies dominating the introduction of AI into our lives. She offers dystopian and more optimistic scenarios for how machines may develop — and how humans could influence their development."

Excerpt from Bloomberg -- "There are only two companies in the world right now that are effectively landing punches on big tech. One of them is Walmart, landing some counter-blows on Amazon, and the other is Disney, that is probably the only content company that could effectively land counter-blows on Netflix."

Excerpt from Clear Admit -- "This past June, the NYU Impact Investment Fund (NIIF) completed its inaugural investment, subscribing for $30,000 of convertible notes issued by Sapient Industries, an exciting Philly-based start-up that uses a combination of smart hardware and machine learning algorithms to reduce energy waste in commercial real estate. I’m extremely honoured to have played a modest part in this deal, which demonstrates in very real terms the growing realization at graduate schools, and indeed, in society as a whole, that investing can align financial and social returns."

Excerpt from Retail Dive -- "'It's very avant-garde, and that sort of avant-garde fashion needs a different type of consumer, which there aren't that many of anymore,' she said. 'It was sort of a three-dimensional glossy magazine, with a curatorial point of view and a very specific urban selection of apparel.'"

Excerpt from Business Insider -- "...If you buy something which is really cheap, then after that, the likelihood of you buying something else that is more expensive will increase. So, shopping creates a momentum."

Excerpt from Bloomberg -- "I think over the next year we'll see both Uber and Lyft demonstrate that in the densely populated cities, they have a profitable business model. I think the big open question is, how big can this business be? How much can they expand out of the cities into the suburbs... get into that budget that is not just urban transportation but is the trillions of dollars that people are spending on buying and maintaining their cars?"

Excerpt from Retail Dive -- "'It's a Catch 22 — as retail falls apart, that's the core of Simon's mall business, without retailers they own too much real estate,' he said in an interview. 'They can put in pop up stores or entertainment but there's only so many fitness centers. So it makes sense for them to try to help retailers survive because Simon would benefit.'"

Excerpt from The New York Times -- "'FedEx has made the decision that is no longer wants to sharpen its executioner’s sword,' said Scott Galloway, a professor at New York University’s Stern School of Business. 'It’s another reflection of this winner-take-all "Hunger Games" economy that is dominated by an increasingly few number of companies.'"

Excerpt from Xinhua -- (translated from Chinese using Google Translate) "Joseph Foudy, a professor at the Stern School of Business at New York University, said that in recent years, China has always been committed to keeping the RMB exchange rate basically stable. The US’s move to list China as a 'currency manipulator' is a political act and the US has upgraded its economic and trade frictions."

Excerpt from Project Syndicate -- "Jonathan Haidt, author of The Happiness Hypothesis and The Righteous Mind, uses a metaphor reminiscent of Plato, but in support of a view closer to Hume, to illustrate what he calls the social intuitionist perspective on ethics: 'The mind is divided, like a rider on an elephant,' he writes on the first page of The Righteous Mind, 'and the rider’s job is to serve the elephant.'"

Excerpt from Accepted.com -- "There are also scholarship programmes, such as NYU’s William R. Berkley Scholarship Program, which not only provides early entry to their MBA, Tech MBA, or Fashion & Luxury MBA, but also full funding."

Excerpt from The New York Times -- "'We started the club because we tended to feel clear and confident about advice we would give others about when to say no, but were less likely to take that advice ourselves,' Chugh said. 'The No Club gives us a confidential place to get that advice and be held accountable for acting on it.'"

Excerpt from The Hill -- "'I think it would be important for the major social media platforms to more prominently and continually warn their users that some of what they are likely to see in their feeds is phony,' Barrett said. 'I think there should be regular digital literacy education going on, on the sites themselves in a way that will warn people.'"

Excerpt from Working Capital Review -- "I’m excited about the potential for AI to spur economic growth, but I think that the effects on labor, they get talked about in the popular press, have been misleading. There will be some substitution, but I think it’s going to far more be the case that there’ll be a lot more complementarities between AI and jobs. I think that there’ll be, as a result, a lot of employment growth. Those stories don’t get told enough, but I’m pretty optimistic about the net effect of AI on jobs."

Except from the CFA Institute blog -- "History shows that even with positive GDP growth, default rates on US corporate debt can and will start rising prior to a recession. The current cycle has also been extended by numerous out-of-court restructurings, the covenant-lite environment, and expectations that the US Federal Reserve will respond to signs of an economic slowdown or increased market volatility, or both, with aggressive monetary stimulus."

Excerpt from The Wall Street Journal -- "The DOJ’s review of internal company documents in previous collusion cases has often preceded criminal charges, said Rosa Abrantes-Metz, an adjunct associate professor at New York University’s business school who has researched and worked on corporate collusion cases. 'The fact that there is a request for documents means the suspicions are strong,' she said."

Excerpt from The Wrap -- "'Following up on its disappointing results for the last quarter, Netflix wants to aggressively build its international footprint, and there are few better or more important markets than India,' Alvin Lieberman, executive director at New York University’s Entertainment, Media and Technology Initiative, said. 'India’s OTT demand is expected to grow rapidly and having a low-priced mobile-only offering is a way for Netflix to expand its subscriber base.'"

Excerpt from Marketplace -- "'The idea of focusing on your strengths and outsourcing the rest is not new,” he said. What is new: the advent of technology platforms that seamlessly connect companies with contract workers — the 'Uberizing' of everything. Sundararajan said that allows businesses to be increasingly picky about which jobs they want to be in house and which they’ll contract out."

Excerpt from Adweek -- "And it’s SMBs like these sellers that are in a more vulnerable position now. Ironically, that’s in part because of the opportunity they found. Many Amazon shoppers don’t care about brand name products, but are instead looking for items with good reviews at a certain price point, Adamson said. By raising prices, however, those sellers become less competitive on the platform, which could ultimately put them out of business, he added."

Excerpt from China Daily -- "Paul Romer, co-recipient of the 2018 Nobel Memorial Prize in Economic Sciences, said during the Lujiazui Forum that there is still much work that China needs to explore the social value of equity financing. That will make a big difference to China's financial opening-up."

Excerpt from CGTN -- "Dr. Carla Della Gatta from the University of Southern California said she was quite impressed by all the competitors while Professor Robert Lyon from New York University said he believes the Chinese students are going to be future leaders."