Experience Stern | News & Events

Excerpt from El Pilon -- (translated from Spanish using Google Translate) "According to the advanced studies in the city, Galarza said, they found that there are about 3.3 meters of public space per person in Valledupar, 'similar to the national average, which does not mean that we are doing well on average, really meaning that Colombia has too little public space and especially parks.'"

Excerpt from Forbes -- "Sundararajan described the self-regulating trend of sharing economy companies. An advocate of self regulation, he’s clear to note he is not opposed to regulation generally, though it should be applied carefully. 'I believe in regulation very strongly because I believe in markets very strongly. And the purpose of regulation is to step in and help markets function better, to fill the gaps, correct them when things are going off the wrong way. So you can’t be anti-regulation if you are pro-market, it’s just a question of being surgical about it.'"

Excerpt from New York Magazine -- "This gut-centric view of political psychology isn’t a new idea — researchers like Jonathan Haidt have been doing fascinating work that argues, at its core, that people don’t weigh evidence and then decide where they stand on an issue. Instead, moral impulses embedded deeply within them — impulses that vary widely across exactly the political divisions you’d expect — stack the deck beforehand. To Haidt and other researchers, the stories we tell ourselves and others about why we believe what we believe are mostly window dressing, forms of ex post facto justification for decisions really made at a baser level."

Greg Coleman, president of BuzzFeed and former president of HuffingtonPost.com, joined MBA students and alumni for a 2014-2015 Langone Speaker Series event, presented by U.S. Trust. Professor Jeffrey Carr moderated the discussion, beginning with a one-on-one interview.

Excerpt from Luxury Daily -- "'This is not only about brand synergies, or exposure to a captive audience of ultra wealthy prospects,' she said. 'It is mainly of each brand’s elevated status just based on the fact that they can afford the expenditure required for their presence and events at Cannes."

Excerpt from Business Insider -- "My own research on India's openness for the DHL Global Connectedness Index, which I prepare with my IESE business school colleague Steven A. Altman, indicates that India is still a relatively closed country in many aspects. The ratio of India's exports to its GDP has tripled over the past two decades, but across a broader range of indicators, the depth of India's global connectedness still ranks only 119th out of 140 countries."

Excerpt from TIME -- "Arun Sundararajan, an economist who reviewed the report, believes that Airbnb and its data are something of a red herring. While the site may lead to some units being taken off the market and to disturbances among neighbors who don’t like sharing their buildings with tourists, he says the housing options provided by Airbnb are likely drawing more tourists—and more revenue—to the city. The responsibility of Airbnb in yielding the current lack of housing in the city is 'sort of like a rounding error when you compare it to the population growth in San Francisco and the number of units that are rent-controlled.'"

Excerpt from CNBC -- "Bond investors shouldn't expect a 'rate riot or rate rage' when the Federal Reserve begins to raise interest rates because the central bank has already telegraphed what it is going to do, economist Nouriel Roubini said Tuesday. 'It's not going to be a significant surprise. As the economy recovers, as inflation goes higher, gradually long-term interest rates are going to go higher,' said the co-founder and chairman of Roubini Global Economics, also known as 'Dr. Doom.'"

Excerpt from Marketplace -- "'Nothing is forever in TV land,' says Sam Craig, a professor at New York University. After 15 seasons spanning 13 years, he says this is an 'inexorable movement.'"

Excerpt from Xinhua -- "'China's stock market volatility is quite normal, and let's not pretend that developed markets are immune to the same forces,' Jennifer Carpenter, an associate professor of finance at New York University, told Xinhua in a recent interview."

Excerpt from Foreign Policy -- "As described in my book, Rebooting Democracy: A Citizen’s Guide to Reinventing Politics, a number of extraordinarily encouraging experiments along these lines have taken place in British Columbia, Oregon, and elsewhere over the last decade. What they all have in common is citizen deliberation: the use of large panels of randomly selected citizens to carefully reflect and decide on complex policy matters, a practice which dates back to ancient Greece. Expanding on this experience could usher in a fundamental change to the nature of government."

The Stern School honored Andre J.L. Koo (MBA 1994), Chairman, Chailease Group, today for his generous contributions to Stern at the dedication of the Andre J.L. Koo Lobby in the Henry Kaufman Management Center.

Excerpt from Boston Review -- "By redefining exchange in the markets they mediate, today’s platforms will create new efficiencies that diminish some sources of market failure—for example, the uncertain quality of taxicabs and their drivers that necessitated government licensing in the past. At the same time, though, platforms may induce new forms of market failure, such as the denial of market access to a supplier or a consumer. The regulatory framework should allow the government to respond to specific failures, not prescribe intervention across the board."

Excerpt from BusinessBecause -- "'Companies now need marketing managers who are comfortable with data analytics,' says Anindya Ghose, professor of marketing at NYU’s Stern School of Business. ... 'Students who understand the digital ecosystem and who have technical skills are much in demand,' says Professor Samuel Craig, director of NYU Stern’s Entertainment, Media and Technology MBA track."

Excerpt from Quartz -- "We buy things that make us somehow feel we are better—more attractive, more powerful—and that show the outside world that we’re good enough, smart enough, and people like us. Scott Galloway, a professor of marketing at NYU’s Stern School of Business, goes a step further, saying the cachet that all vanity capital carries is distinctly libidinous. 'Men want to spread their seed to the four corners of the world,' he says, and women want their choice of mate. Anything that projects prestige or increases our physical attractiveness helps us accomplish those goals."

Excerpt from CNNMoney -- "'Like any other market, you need more price transparency and more information to make it more efficient,' [Roubini] said."

Excerpt from Seeking Alpha -- "The Knowledge Effect was originally discovered by academic researchers, spearheaded by Baruch Lev, who studied 20 years of financial data and discovered an important association between a firm's level of knowledge capital and its subsequent stock returns. Further research advanced the original findings and in 2005 Lev, building on his own earlier research as well as that of others, proved the existence of a market inefficiency traceable to missing information about corporate knowledge investments. This inefficiency has led highly innovative companies to deliver persistently positive abnormal returns in the stock market."

Excerpt from The Guardian -- "'Although the sudden visibility of the sharing economy over the last five years was induced primarily by digital factors, many sharing behaviours will be sustained over time by ethical and social rather than technological considerations', explains Arun Sundararajan, a professor of information, operations and management sciences at New York University’s Stern School of Business and a leading authority on the sharing economy."

In April, NYU celebrated Ally Week to promote the practice of “Allyship,” defined as the active and consistent practice of unlearning and re-evaluating beliefs and actions, as a person seeks to work in solidarity with a marginalized individual or group of people.

Excerpt from The Daily Star -- "Rana Plaza and other factory disasters in Bangladesh highlight the risks for workers in a system where a significant number of factories operate in the shadows. Yes, the government and brands should inspect their primary, hub suppliers. But acknowledging the role of spoke factories in the current model and developing a plan to conduct oversight of them is one of the major outstanding challenges as we mark the second anniversary of Rana Plaza."

Excerpt from Financial Times -- "As part of orientation for its full-time and part-time MBA programme, Stern has put students to work on short projects that integrate Google Glass and a clip-on camera called Narrative Clip. An early project had teams using the camera to observe New York City streets and then using that data to develop a proposal for improving traffic safety, says Maya Georgieva, associate director of Stern’s Center for Innovation in Teaching and Learning, who lead the project."

Excerpt from MSNBC -- "On efficiency grounds [a land tax] does make a lot of sense, which is why folks like Milton Friedman were so supportive of the tax. I think, also, we've heard a lot about wealth inequality recently because of Thomas Piketty. An analysis of his data suggests that... what's driving capital to output ratios in a country like the United States is mostly land and housing values. So we've seen this surge in wealth inequality in the United States that's coming mostly from land and housing... the idea of taxing land is appealing for those who want to reduce wealth inequality in the United States."

Excerpt from Yahoo Finance -- "'The case for having a stronger role of women in the business world is compelling,' Roubini said during a speech at The Next Billion: Women and the Economy of the Future conference. 'Lots of work has been done, but more needs to be done.'"

Excerpt from Fox Business -- "I think in terms of the labels or the category we put them in, that's really important. So if you call this a fitness tracking device -- FitBit, Jawbone -- their longevity is almost nonexistent. I think they're going to be replaced by Apple. But if you change the label and actually put them in this category of 'calm technology,' because the whole promise of this category is that it's going to keep us in the flow of information without constantly demanding our attention like looking at our phones. So you'll get a buzz on your wrist, or you'll be able to see it out of your peripheral vision. That category is going to be huge. There's a big future. There's going to be a lot of players. So it depends what category you put them into."

Excerpt from TIME -- "There is a silver lining. Brazil needed a reason to escape its lethargy, and now it has one. While the Petrobras investigations threaten to grind government to a halt, they also provide an opportunity to clean house. Rousseff will salvage what she can, enacting plans to restore investor confidence by raising more revenue and spending less. That’s important in a country where the public deficit last year was nearly 7% of GDP."