Experience Stern | News & Events

Excerpt from Truthout -- "Another leading economist, William Baumol, calculated that 'nearly 90 percent ... of current GDP [gross domestic product] was contributed by innovation carried out since 1870.'"

The fifth annual Luxury & Retail Conference, themed “From Retail to Me-tail: Delivering to the Connected Consumer,” will explore how the retail customer has evolved in light of changing technological platforms, and what brands are doing to keep up with the trend. Confirmed speakers include Karen Katz, CEO, Neiman Marcus Group; Carol Hamilton, President of Luxury Products Division, L’Oréal; Deanna Berkeley, President, Alice + Olivia; John McDonnell, COO, The Patrón Spirits Com; Annbeth Eschbach, Founder & CEO, Exhale Spa; Neil Blumenthal, CEO, Warby Parker; Daren Hull, VP of Luxury Direct, L’Oréal; Apar Kothari, VP, Rue La La; Deirdre McGuigan, US Retail Director, Indego Africa; Susan Heaney, Global Director of Corporate Responsibility, AVON; Ida Liu, Managing Director, Fashion Financing Group, Citi Private Bank; and Sal Khokhar, Principal, Koka Consulting.

Excerpt from Financial Times -- “The recent decisions will calm the markets but only in the short run. What needs to be addressed for a longer-term return to stability are strategies and implementation of means to address the fundamental issues like growth.”  Additional coverage appeared in Q Finance.

Excerpt from Xinhua -- "The politicians are trying to tell the markets: Look, we are prepared to step up... And so, markets, you should believe we will do the same thing with Portugal, with Spain, if necessary with Italy."

Excerpt from The Huffington Post -- "Infosys (NASDAQ: INFY), the global technology company based in India, has measured the value of its human capital - a method co-developed by Professor Baruch Lev of NYU-Stern's School of Business - in its public and transparent annual reports for the past four years."

Excerpt from Bloomberg TV -- "Greece faces a number of problems. What happened with the writedown of the debt is useful, but you need to be able to get to a public sector surplus and they need to work very hard on that."  Additional coverage appeared on iStockAnalyst.com and giorgospapandreou.com.

Excerpt from Financial Times -- "In their paper, 'Deriving the pricing power of product features by mining consumer reviews,' published in Management Science, Anindya Ghose and Panagiotis Ipeirotis, associate professors in Stern’s department of information, operations and management sciences and Nikolay Archak a doctoral student, aim to estimate the 'economic impact of user-generated product reviews by identifying the weight that consumers put on individual evaluations and product features and estimating the overall impact of review text on sales.'"

Excerpt from Bloomberg -- "'Guaranteed to Fail' by Viral V. Acharya, Matthew Richardson, Stijn Van Nieuwerburgh and Lawrence J. White (Princeton). Four professors at New York University’s Stern School of Business explain how Fannie Mae and Freddie Mac got so big and why we must fix them."  Additional coverage appeared in Bloomberg Businessweek.

Excerpt from Valor Economico -- "In Brazil, we partner with Getulio Vargas, known throughout the country and Latin America for its instruction in management. Additionally, we offer both full-time and part-time MBA students the opportunity to enroll in one or two week intensive courses called Doing Business In (DBi) as part of the Stern MBA curriculum. Students visit the country to engage in local business, policy and culture while earning course credit. Brazil is a regular destination; Stern students who enroll in DBi will go to Brazil this coming January."

Excerpt from Bangor Daily News -- "The report points to model programs including NYU’s Stern School’s four-course liberal arts sequences and its capstone course on Professional Responsibility and Leadership, a case-based approach that exposes students to the three modes of liberal education: analytical thinking to move from the particular to the generalizable, multiple framing to see things in different contexts, and self-reflection to explore meaning, values and commitment."

Excerpt from MediaMatters.org -- "According to data compiled by Aswath Damodaran of NYU, the oil and gas distribution industry paid an effective U.S. income tax rate of 15 percent last year; the petroleum producing sector paid 8.5 percent; integrated petroleum companies paid 27 percent; oilfield services and equipment companies paid 16.5 percent; and the natural gas sector paid 15 percent."

Excerpt from ICIS -- "It takes 50 consecutive years of 7% annual growth for a country to boost per capita income from $500 to $20,000, says Nobel Prize-winning economist Michael Spence."

Excerpt from Xinhua -- "As G20 emerged as the most important inter-government global forum addressing international governance, the NBI established the 21st Century Council grouping elder statesmen and women like ex British Prime Minister Gordon Brown, Nobel Laureates like Michael Spence ... "  Additional coverage appeared in Shanghai Daily.

Excerpt from Reuters -- "Big Bang was clearly the origin of the universe of the modern stock market and all financial transactions in Europe since then."  Additional coverage appeared on CNBC, Portfolio.com and FOX Business.

Excerpt from the NBC Today Show -- "If you think about it, most people negotiate or bargain in some aspect of every day life. I mean, whether it's buying a house you negotiate the terms and the price or even calling your cable operator seeing if you can squeak out a couple extra channels for paying that same fee. ... being a better negotiator will help you get that better deal every time without compromising too much."

Excerpt from Luxury Daily -- “We’re trying to get at this idea of how technology and globalization connectivity has changed the shopping experience and looking at that from a number of lenses whether that is straightforward ecommerce, social or mobile, but also angles such as sustainability and changeable markets."

Excerpt from NYU Local -- “'It’s an exciting and nerve wrecking at the same time,' said a Stern finance junior. 'I mean, I think I have a pretty strong resume and I have an incredible and well-paid internship at a hedge fund right now, and I’ve interned prior to this and have a good GPA, but you never know if it’s enough.'"

Excerpt from The Wall Street Journal -- "The recession is already ongoing in the euro zone. People are going to say it's good financial engineering, but unless you have economic growth there is going to be a train wreck."  Additional coverage appeared on Bloomberg, Bloomberg Businessweek, two Reuters pieces and The Huffington Post.

Excerpt from The American -- "A 2009 paper by Stanford economists Paul Romer and Charles Jones summarized the state of growth economics. Two of the levers for growth policy (a meme worth replicating) are market scale and human capital."

Excerpt from Business Recorder -- "The Growth Commission headed by Michael Spence showed that post-World War-II period, there were 13 countries that sustained above 7 percent growth rate across two decade or more which in turn brought down poverty."

Excerpt from Xinhua/CNC World News -- "First, there is disagreements over who is going to bear the losses. There's going to be some losses. Greece cannot fully repay its debts. So then the question is: Who is going to bear the losses?"

Excerpt from Reuters -- "Investors, at least in conference calls, are less interested in these big movements from managers. They want managers to focus on the specifics of the business."  Additional coverage appeared on MoneyControl.com, NewsDaily.com, Real Clear Markets, Yahoo! Finance, CNBC, Portfolio.com and Zimbio.

Excerpt from New York Daily News -- "Netflix needs to get into damage control mode, perhaps by offering back the old pricing plans, maybe even discounting it."

Excerpt from Bloomberg -- " ... sparing the rich from paying taxes creates jobs. This is especially true for the capital-gains tax, the levy that defines the rentier class that the protesters resent." Additional coverage appeared in Bloomberg Businessweek, iStockAnalyst and San Francisco Chronicle.

Excerpt from Knowledge@Wharton -- "We have shown how textual data can be used to learn consumers' relative preferences for different product features and also how text can be used for predictive modeling of future changes in sales."