Experience Stern | News & Events

Excerpt from TIME -- "Sure, free trade helps U.S. exports, but again, it doesn't necessarily create more jobs. Indeed, as Nobel laureate Michael Spence has shown, net job creation in areas of the American economy most open to trade has been basically nil since the 1980s. Immigration could bring in more skilled labor. But that's also a marginal change, not a structural shift in our economy."

Excerpt from The Economist -- "Weak government services are the main reason poor countries fail to catch up with rich ones, says Mr Romer. One response is for people in poorly run places to move to well governed ones. Better would be to bring efficient government services to them. In a recent paper with Brandon Fuller, also of NYU, Mr Romer argues that either response would bring more benefits than further lowering the barriers to trade in privately provided goods and services."

Stern Women in Business (SWIB) will host their 22nd annual conference on Friday, February 7. This year's theme, "Reframing the Conversation: New Perspectives on Women in Business," will feature a keynote talk from Rosanne Haggerty, President of Common Solutions, as well as a keynote panel.

On February 6, Dstillery and NYU Stern's Center for Business Analytics (CBA) co-hosted Advertising and Data Science Congress (ADS*CON), a half-day symposium dedicated to exploring the impact of the data science revolution on the digital advertising ecosystem.

Excerpt from Bloomberg Businessweek -- “'This is a nothingburger,' says Robert Salomon, a management professor at New York University’s Stern School of Business. 'A blip on the radar. It makes for interesting theater, but in the world of M&A this is barely an average-size deal.'”

Excerpt from Bloomberg Businessweek -- "For the Stern team, the road to Bordeaux began last fall, when full-time MBA student Alex Reicherter hooked up with part-timers Adam Teeter and Michael Modisett. Shortly after the group formed, Dan Amatuzzi, a Stern alum and wine director at New York City market Eataly, reached out to offer his expertise."

Excerpt from Al Jazeera -- "Obviously this was not part of the plan when Mr. Gates stepped away at that point in time, but I think, given the struggles the company has had in terms of its strategy, in terms of its innovation and technology, there's a strong sense that he needs to become more involved. He is very clearly the public face to developers, to investors, to everyone of Microsoft and this is his legacy. This is his baby in many ways and I think he has a vested interest in seeing it succeed at this point."

Excerpt from The Wall Street Journal -- "'It's like a glimmer of sunshine, that one-year uptick,' said Richard Sylla, a financial historian at New York University. 'That's what you would expect to see in a growing, vibrant economy.'"

Excerpt from TIME -- "If you’re a sponsor, a spectator, or Vladimir Putin himself, you better brace yourself for the Sochi Olympic Games. Between the security risks, violence in neighboring Ukraine, protests from the international community and the staggering price tag, Sochi has earned its status as the most geopolitically interesting Olympics since 1980 (incidentally, the last time the Games were held in Russia)."

Excerpt from Business Insider -- "We already know that credit cards dull 'the pain of paying' compared to cash, according to a study from NYU’s Stern School of Business, so paying with someone else’s credit card is essentially pain free—and that’s why it’s so dangerous."

Excerpt from Bloomberg -- "[In] the enterprise space they've been much more successful and they have to continue to grow that and be successful there, but they're going to need something else on top of that, whether it's finding some way that they can translate the Office products relatively well into the mobile and tablet space, or something else entirely, they need something without a doubt."

Excerpt from Canadian Lawyer Magazine -- "A mercurial economy and the many ups and downs of the legal profession are changing the game but law firms, particularly Canadian ones, are not the most agile and responsive. But New York University Stern School of Business professor Luke Williams told an audience at Legal Tech today that this is the type of environment that forces disruptive innovation."

Excerpt from The Guardian -- "The key concept here, explored in depth by the psychologist Adam Alter, author of the book Drunk Tank Pink, is 'cognitive disfluency'. When information glides by too frictionlessly, we're liable to find it harder both to understand and to retain."

Excerpt from This View of Life -- "What are the odds that anyone will change Harris’s mind with a reasoned essay of under 1000 words? I’ll put my money on Hume and issue my own challenge, The Righteous Mind challenge: If anyone can convince Harris to renounce his views, I’ll pay Harris the $10,000 that it would cost him to do so."

Excerpt from Quartz -- "It turns out there is a kind of data that, like black holes or evil wizards of Middle Earth, only becomes more powerful the larger it grows. What’s more, suggest researchers Enric Junqué de Fortuny, David Martens and Foster Provost, even if you’re not gathering this kind of data at present, the new results suggest you may lose out to a competitor who is."

Excerpt from MarketWatch -- "Research conducted by Robert Engle III, a finance professor at New York University who received the Nobel Prize in economics in 2003 for his work on market volatility, found that periods of high volatility tend to be clustered together."

Excerpt from Financial Times -- "Professor Spence argues that we are in the midst of a 'century-long journey in the global economy. The end point is likely to be a world in which perhaps 75 per cent or more of the world’s people live in advanced countries.'”

Excerpt from Bloomberg -- "In the typically materialistic, bling-obsessed U.S., for example, economists like New York University's Arun Sundararajan see the makings of a new wave of productivity gains as consumers lend and borrow cars, bicycles, homes, electronics, designer clothes, baby toys, golf clubs, you name it. Now, there are signs the phenomenon is reaching Asia."

NYU Stern's Center for Global Economy and Business will host the Economic Outlook Forum on Monday, February 3, 2014.

Excerpt from The New York Times -- "Managers hiring people to work in teams might learn from the research, said Nathan Pettit, an assistant professor at the Stern School of Business at New York University who studies social status in the workplace. While the study doesn’t address the quality of work actually performed, he said it does suggest that hiring decisions should take into account that neurotics might be more valuable, and extroverts less so, than they initially seem in interviews. 'We may be populating organizations with more extroverts than we should be,' he said."

Dean Peter Henry posed economic policy questions to former Treasury Secretaries Robert Rubin and Lawrence Summers in an exclusive forum for MBA students in Stern’s Global Economy course.

Excerpt from Marketplace -- "...Blader says, even if fast-tracking isn’t officially acknowledged, it’s a common practice, and so are the problems it can cause – no matter what demographic the fast-tracked worker is from. Imagine, says Blader, that you’re a worker watching your colleague get promoted quickly. 'I feel demotivated,' he says. 'I feel that no matter how hard I try, I may not benefit from all those efforts, because [the organization is] prioritizing things besides my efforts, and skills, and abilities. And as a result, I'm going to become more complacent, because I’m going to kind of start to feel like, "What’s the point?"'"

Excerpt from Marketplace -- "'You start buying everything through Amazon,' says Scott Galloway, professor of marketing at NYU's Stern School of Business. Galloway says Amazon has purposefully sacrificed short term profits to get more customers and more pricing muscle. 'It's going to have tremendous pricing power and, at a certain point, it will be able to flex that muscle and become a very profitable company.'"

Excerpt from Bloomberg -- "Normally, you would think that an insider would not be the person to change the company. You would expect that it would be kind of business as usual. But I think that given the fact that the company has been so much about the Office system and Windows that bringing up somebody who's got very little allegiance to those parts of the system gives them a real opportunity to know the business, but to be a real agent for change."

Excerpt from Project Syndicate -- "This mini perfect storm in emerging markets was soon transmitted, via international investors’ risk aversion, to advanced economies’ stock markets. But the immediate trigger for these pressures should not be confused with their deeper causes: Many emerging markets are in real trouble."