Experience Stern | News & Events

Excerpt from CBC -- "Taxing robots is a particularly a bad idea in an era of low productivity growth, according to Robert Seamans, an associate professor of management at New York University. 'The existing empirical evidence suggests that robots boost productivity growth, so a tax on robots would limit that productivity,' he says."

NYU Stern welcomes new faculty for the 2017-2018 academic year.

Excerpt from Missoula Independent -- "David Yermack, a professor of finance at New York University and bitcoin expert, says mining companies have no special reason for secrecy beyond 'standard security concerns.' Mine locations are usually dictated by access to cheap electricity (in Project Spokane's case, power is supplied by the Séliš Ksanka Ql'ispé Dam, according to Northwestern Energy documents posted online). 'Knowing the location of a bitcoin mine would not be particularly valuable information, except perhaps to potential competitors who might move to the area and try to exploit the same cheap sources of electricity,' Yermack says."

Excerpt from IR Magazine -- "The number of listed companies in the US hit a peak of 7,428 in 1996. In 2015 that figure had fallen to 3,754, according to data from Alexander Ljungqvist, director of the Salomon Center for the Study of Financial Institutions at NYU Stern."

Excerpt from Livemint -- "In December 2015, though, a study published by The Centre for Business and Human Rights at New York University’s Stern School of Business—Beyond the Tip of the Iceberg: Bangladesh’s Forgotten Apparel Workers—shone some sharp light on matters. The authors, Sarah Labowitz and Dorothée Baumann-Pauly, claimed among other things that even after 3,425 inspections by trackers of the Accord, the Alliance and overseers International Labour Organization, 'only eight factories have passed final inspection'."

Excerpt from MetroMBA -- "'New York City is an epicenter of global business and a thriving hub of innovation that companies from multinationals to technology firms to startups call home,' NYU Stern Dean Peter Henry said in the press release. ... 'We are honored to work with SRW&Co. and to welcome AGLP participants to our campus, where they will have access to some of our most celebrated faculty and participate in stimulating conversation on key topics for both the ASEAN region and the global economy,' Zemel would go on to say."

Excerpt from CNBC -- "'It continues to be a bet on the iPhone, with a great deal riding on how well the iPhone 8 does,' Aswath Damodaran, a professor of corporate finance and valuation at New York University's Stern School of Business, told CNBC in an email. 'If it does well, I think [Apple] will make the trillion dollar market cap,' he said. 'If the iPhone 8 does badly, all bets are off.'"

Excerpt from Cheddar -- "'I think by saying that, 'I want to go public in 18-36 months'...what Dara is doing is re-insuring investors... The choice of Dara is very clearly a signal that investors are serious about taking Uber rapidly to profitability.'"

Excerpt from WalletHub -- "'The buyer should take his/her time and not be rushed. Shop around -- this includes shopping for financing, which means visiting local banks, credit unions, etc. Ask lots of questions.'"

Excerpt from Business Insider -- "Treasury Secretary Steven Mnuchin has said it will take up to two years for the economy to sustain this pace. But some economists have said the target is too high. That's partly because new technologies are not producing the same kind of productivity growth that they did before the Great Recession, said Gian Luca Clementi, an associate professor of economics at New York University’s Stern School of Business. 'If anything, President Trump has brought about a lot of policy uncertainty, and that is just bad news for the economy,' he told Business Insider."

Excerpt from CNBC -- "There was a bipartisan report in 2012 on economic recovery and jobs and competitiveness in the United States which told us that, by 2020, we were going to be 1.5 million skilled, college educated, workers short in the United States... So that suggests that you've got to do two things. One, you've got to grow those workers. You've got to find a way to create more educational ability within the country. But while you're trying to catch up on that front, you've also got to encourage immigration of skilled workers. And so, if you really want an agenda that's going to drive shared prosperity, a pro-immigration agenda is a pro-growth agenda."

Excerpt from Bloomberg -- "Late last year, a study by a New York University professor, Thomas Philippon, and a graduate student, German Gutierrez, examined the reasons R&D spending has been weaker than expected since at least 2002 but plunged after the Great Recession.They found only three factors that at least mathematically appeared to correlate with the drop in R&D. One was an increase in index investors."

Excerpt from the Los Angeles Times -- "Although Skynet was programmed to make decisions, it couldn’t learn how to interpret new kinds of data, especially if the information broke any of its established rules. So it is with our president, who operates with a retrograde understanding of modern warfare."

Excerpt from CNBC -- "'Both economies and markets have essentially assumed that this is a lot of noise,' [Spence] said. 'The worrying scenario is that there's rising risk that's not properly perceived.'"

Excerpt from RT -- "'We're certainly going to see a great deal of advancement in convenience and in comfort because of artificial intelligence and robotics. Today's AIs are solving the problem of perception--being able to see what's around you and make sense of it, and of national language processing--being able to communicate like humans. And so across a wide range of both businesses and in the household, we're going to see a lot of convenience. But in many ways, every generation that has this kind of revolutionary for their time technology enjoys the same kinds of benefits.'"

Excerpt from Fast Company -- "[Improving the company's value is] likely what he’ll do for Uber, says Arun Sundararajan, professor at NYU Stern Business School and author of The Sharing Economy. 'My guess is that the board has brought him in as someone who can rapidly take them to short-term profitability,' he says."

Excerpt from CNBC -- "The central bank's involvement in the financial market and the system is not going to diminish. It's going to be as high if not bigger than it is today. As long as you have very large institutions that are so highly concentrated and so highly focused, the central bank is going to have to play an increasing role in managing those assets and liabilities. Actually, commercial banks don't want to admit it, but very large institutions are the wards of the central bank."

Excerpt from the Financial Times -- "Peter Henry, dean of NYU Stern School of Business, said: 'It is true that we have broader recovery than we have had in a very long time but keep in mind the recovery is still quite weak and tepid relative to what we have seen in the past. We are hearing central bankers essentially say to world leaders and lawmakers, "We have done our job and we need you to step up."'"

Excerpt from the Financial Times -- "'There is one thing in common among the largest advertisers in the world: they’re all losing [market]share,' says Scott Galloway, professor of marketing at New York University’s Stern School of Business."

Excerpt from VICE -- "'In principle, a consumer who’s upset with Uber because of the investigation of sexual harassment or other issues could switch to Lyft or another competitor,' Seamans said. 'In practice, though, it looks like the switching costs for consumers is high enough that few actually do make the switch.'"

Excerpt from The Washington Post -- "The majority of companies measure the effort they’re making — touting their own policies or codes of conduct — but stop short of assessing whether those efforts are delivering their promised effects, according to new research by New York University’s Stern Center for Business and Human Rights. 'Having strong policies in place around workplace safety or wages is important, but it does not guarantee that workers are in fact safe and adequately paid,' said Casey O’Connor, who co-authored the report. That leaves consumers in the dark about the type of labor standards they’re supporting. 'It’s very hard to distinguish,' said Dorothée Baumann-Pauly, research director at NYU’s Center for Business and Human Rights. 'The facade looks identical.'"

Excerpt from Xinhua -- "'I think there's a recognition that the physical space that Whole Foods owned when Amazon makes the purchase is incredibly important both in terms of proximity to high-end consumers that are who Amazon is looking to attract, but also with the idea if they're looking to do more fresh delivery options that the warehousing space in most of those stores,' he said."

Excerpt from Wharton Business Radio -- "I think business can play an incredibly important role. If you think about it, $22 trillion of the U.S. GDP is in business. $3 trillion is in government and NGO. So right there, in terms of the power business has, it's huge. And I think, as we've seen with the recent resignations from the President's council over his various remarks and actions, they can stand up. But they've stood up on others things: transgender issues, climate change issues. We have a coalition called 'We Mean Business' that has said, we're going to go ahead and have 60% of greenhouse gas emissions, no matter what the government does. We're going to really commit to what the Paris Accord laid out on our own."

Excerpt from the Jakarta Globe -- "'NYU Stern's executive education programs are committed to the belief that a global approach to education is integral for today's business leaders,' NYU Stern Vice Dean Eitan Zemel said in a statement on Tuesday (22/08)."

Excerpt from Bloomberg -- "I think it's a really big threat because you're combining the AI and device power of Google with the largest stakes and retail expertise from Walmart. I think it's a win-win for both Walmart and Google."