Experience Stern | News & Events

Excerpt from Bloomberg -- "One of the reasons this is a good deal for the United States is because, within a year, certainly by the end of 2016, we will see a million additional barrels [of oil] a day of production coming on line from Iran. That's why America's ally, the Saudis, really don't want a deal. And I don't blame them. But the problem is, the Americans and the Saudis have very different interests, on this and on many other things. And so the United States is pushing for something that is clearly an unmitigated good for the American economy. If the Iran deal happens, OPEC is effectively destroyed."

Excerpt from The Wall Street Journal -- "Over the past 40 years, lower-risk banks haven’t had lower costs of equity, according to a paper recently published in The American Economic Review. 'All else being equal, making regulated banks less risky may actually raise their cost of capital,' argue the authors, Malcolm Baker of Harvard Business School and Jeffrey Wurgler of New York University’s Stern School of Business."

Excerpt from Barron's -- "A Greek debt deal 'looks like it is going to happen,' according to Nicholas Economides, a professor of economics at the Stern School of Business at New York University, speaking on Bloomberg radio. Economides said that implementing the deal and getting political support behind it are big tasks, but he emphasized the “tremendous pressure” for the Greek government to avert a default and capital controls."

Excerpt from the Financial Times -- "Health coverage, insurance against workplace injuries, paid vacations and maternity leave: these have long been universal entitlements in many economies. They should not become exclusive perks for a dwindling band of salaried employees."

Excerpt from BBC -- "It's extremely difficult to reach an agreement today because they [the Greek government and the EU leaders] haven't reached an agreement on lower levels on the technical ground...I think there are two major issues in this agreement. One has to do with balancing the budget and having a bit of surplus. And the other one is balancing the payments to pensions..."

Excerpt from Charlie Rose -- "It's between Greece and Germany, but it's also between the Greek leadership and their own people. They need to have enough of a sense of crisis internally so that when they make a deal -- and they want to make a deal -- that they don't lose their government, that they don't have defections from Syriza that make it impossible for Tsipras to win. So it's an incredibly difficult position. And from the beginning, it should have been abundantly apparent that this deal had to go down to the wire for that very reason."

 

Excerpt from Financial Times -- "Even some experienced investment professionals are drawn to the MiF [Masters in Finance], either as a replacement for or as a complement to the CFA, according to Kasper Meisner Nielsen, associate professor of finance who teaches in the Hong Kong University of Science and Technology-NYU Stern Masters in Global Finance (MSGF) programme. The programme is an 'executive-level” masters where “most students have 10 or 11 years of work experience', he says."

Excerpt from Xinhua -- "I personally think that what Twitter needs is a CEO who can increase user adoption, and align their strengths more clearly with the company's strategy and revenue model. So it's got to be a very product-focused CEO, rather than a tech-focused CEO, because I think that their technology is extremely good, it's more of a question of coming up with a good solution for new customers... Someone who understands the customer experience, rather than is focused on the capability of the product."

Excerpt from TIME -- "The massive breach of the Office of Personnel Management a couple weeks ago made headlines, but Washington has been fending off cyber-attacks for years now. The federal government suffered a staggering 61,000 cyber-security breaches last year alone. This most recent wave of hacks exposed the records of up to 14 million current and former US government employees, some dating back to 1985. Compromised information includes Social Security numbers, job assignments and performance evaluations. This is dangerous information in the hands of the wrong people, which by definition these hackers are. There is a good reason why the U.S. Director of National Intelligence ranks cyber crime as the No. 1 national security threat, ahead of terrorism, espionage and weapons of mass destruction."

Excerpt from Poets & Quants -- "My favorite professor is Dolly Chugh because I’ve been able to learn from her inside and outside the classroom. Inside the classroom, it is evident that she puts a lot of thought into her lectures and experiential activities. Outside of the classroom, she has worked with several student clubs to host events focused on pushing dialogue further at Stern and to help Stern form a more inclusive community. On a more personal level, she is also an incredible moderator, speaker, mentor, and accomplished researcher and has been a valuable member of my support team during my time at Stern."

Excerpt from Big Data -- "One trend appears quite certain: as the data emanating from the markets and society continues to increase, artificial intelligence approaches will grow and offer alternative ways of investing. Robots are more likely to be embraced by millenials than by the baby boomer generation that abdicated investing mostly to human advisors. A proliferation of robots does raise the tantalizing possibility of machines competing with other machines in the way humans have done in the past."

Excerpt from FriendFactor -- "Congratulations to this year's #1 ranking school, the NYU Stern School of Business! Stern came up from the #7 spot to take 1st place with a whopping 98% participation among their student body, activated through 28 activities including an ally training series and a massive April Ally Week."

Excerpt from Los Angeles Times -- "'He's the person that set up the financial system,' Sylla said. 'He may have been the most important figure in terms of setting up this country.'"

Excerpt from Bloomberg -- "'The extreme economic uncertainty coupled with fears of currency change have driven withdrawals to unprecedented levels, wiping in four days the cushion of about 3 billion euros of the Greek banking system,' said Nicholas Economides, professor of economics at New York University’s Stern School of Business."

Excerpt from Citywire -- "Jennifer Carpenter and her co-researchers at NYU Stern School of Business suggested last year [the diference between China's A share and other markets] might be due to the isolation of the domestic market, effectively bidding up the cost of funding, this would have a larger effect the greater the ratio of equity capital to capital expenditure. '[This] amounts to an inflated cost of equity capital, constraining the investment of China’s smaller, more profitable enterprises,' they said."

Excerpt from The New York Times -- "'The real question is not when they start but how fast and how high they go,' said Kim Schoenholtz, an economist at New York University. 'And what we’ve seen is they keep scaling back the equilibrium rate they intend to reach and the pace they intend to get there.'"

Excerpt from L2 ThinkTank -- "When Facebook first went public, I valued it as a Google wanna-be — a company that if it was like Google would be a success. … When I value Facebook today, I no longer value it as a Google wanna-be. … Google is going to be the Facebook wanna-be in this market." -- Aswath Damodaran

Excerpt from The Atlantic -- "In addition to tax policies that reward work, cities can think creatively about ways to lower the costs of goods and services sold within their jurisdictions. In most of the cities that Americans would characterize as expensive, for example, housing is especially unaffordable because regulatory bottlenecks keep enough of it from being built. For many cities, easing constraints on the supply of housing could help paychecks stretch further."

Excerpt from CCTV -- "This is not a policy without dangers, because very cheap money creates speculation in commodities and other markets. ... Given what they say is their target inflation rate, they should try to catch up with it as soon as possible."

Excerpt from Project Syndicate -- "China’s leaders surely want international recognition of their country’s global stature. But they also want China’s rise to high-income status to occur in a way that is – and that is perceived to be – beneficial to its neighbors and the world. The new external focus of China’s growth and development strategy seems to be intended to make that vision a reality."

Excerpt from TIME -- "'My students, men and women, talk much more openly about an expectation of work-life balance,' Sonia Marciano, a professor at NYU’s Stern School of Business, told the Times. 'It’s a shift that seems pretty real and substantial.'"

Excerpt from SF Gate -- "Reclassifying drivers as employees could force Uber and other companies to rely on fewer workers who would work longer and more structured hours, eliminating the flexibility that makes them appealing, said Arun Sundararajan, a New York University business professor who studies the on-demand economy. While big companies like Uber and Lyft could handle the financial hit, smaller ones may determine that their business models are no longer viable, he said."

Excerpt from The Trusted Professional -- "According to Paul A. Zarowin, an accounting professor at New York University’s Stern School of Business, there is a school of thought, which he himself subscribes to, that 'our financial reporting and disclosure system is as good as it gets,” and that switching to IFRS is a situation where “we have everything to lose and nothing to gain.'"

Excerpt from MIT Sloan Management Review -- "...the data suggest that most international interactions are, in fact, semiglobalized, and closer to the 'zero-integration' extreme than to the 'complete-integration' extreme — usually by a wide margin. And in terms of changes, a globalization index that one of us (Ghemawat) compiles annually indicates that current levels of globalization are still below those reached before the global financial crisis."

Excerpt from Harvard Business Review -- "Why is it that a vacation seems like a great idea when we first plan it, but feels like more and more of a burden the closer it gets? It all comes down to distance. Over the past 15 years, quite a bit of research has focused on what Yaacov Trope and Nira Liberman call construal level theory. The idea is that the more distant some object or event is for you, the more abstractly you think about it."