Experience Stern | News & Events

Tune in for a virtual celebration on Wednesday, May 20, 2020.

Excerpt from Global Finance Magazine -- "Viral V. Acharya, C.V. Starr Professor of Economics at New York University’s Stern School of Business and a former deputy governor of the Reserve Bank of India, speaks with Global Finance about the fallout of the coronavirus epidemic."

Excerpt from Newsy -- "'The platforms are taking the initiative and being more aggressive generally in how they approach the coronavirus crisis,' said Paul Barrett, deputy director of New York University's Stern Center for Business and Human Rights and author of several studies on disinformation. 'I think there's a lot of evidence of a lot of goodwill and a lot of energy being invested here, but they can't get everything.'"

Excerpt from Newsweek -- "This pandemic is a watershed event for America. How we collectively manage the coming months will determine whether we will further polarize along generational lines or emerge a truly multi-generational society. Let's choose the latter. #InThisTogether"

Excerpt from Poets & Quants -- "Many schools are making the most of it, pulling together pre-recorded video segments and surprise elements that have made commencement for the Class of 2020 more memorable than ever.
 

Excerpt from China Daily -- "Michael Spence, professor of economics at New York University’s Stern School of Business and a Nobel Prize winner for economics, said there would have to be substantial input from China if the system was to be reformed. 'If it happens, China will have to play a major role. If China is left out, it won’t work — just like if the US or Europe were not there,' he said."

Endless Frontier Labs (EFL), a program for early-stage science and technology-based startups at New York University Stern School of Business, graduated its 2019-2020 cohort of startups, concluding its nine-month program.  The EFL application for the 2020-2021 cycle is now open until 9 PM (ET), Friday, August 21, 2020.  Founders of life sciences and deep technology startups at an early stage (pre-Series A financing) are encouraged to apply to the 2020-2021 program cycle.

Excerpt from The Economist -- "Edward Altman of nyu Stern Business School reckons that about 8% of all firms whose debt is rated speculative grade (about 1,900 in all) will default in the next 12 months. This figure could reach 20% over two years. He expects at least 165 large firms, those with more than $100m in liabilities, to go bankrupt by the end of 2020."

Excerpt from Yahoo Finance -- "The problem, according to those who study it, is that misinformation on Instagram often takes the form of memes and other images that are harder for the company’s systems to detect and can be more difficult for the company’s human reviewers to parse. And while Instagram is building out new systems to address this, images can be a much more effective conduit for bad actors, says Paul Barrett, the deputy director of NYU's Stern Center for Business and Human Rights."

Excerpt from Pix11 -- “'I think you can look at Amazon as an indication of the future,' said Allen Adamson, NYU Stern School of Business. 'They were selling books online and book sellers didn’t taken the seriously… People looked at Peloton as a niche and it’s going to become far more mainstream preeminently after this event.'”

Excerpt from The New York Times -- "The first of these two estimates is from a working paper by Arpit Gupta and Joshua Coven of New York University, who used smartphone location data to measure disparities and mobility patterns among New York City residents from March 2 to March 27."

Excerpt from VoxEU -- "In the wake of the COVID-19 crisis, governments around the world have raced to buttress their economies (Baldwin and di Mauro 2020). National venture capital sectors have not been exempted: Canada, France, Germany, the UK, and many other nations have committed billions of dollars to shore up venture firms and the companies they fund."

Excerpt from Newsday -- “'Producers and productions crews are used to trouble shooting so I think they’re going to come up with various workarounds which is kind of how they’re wired,' said New York University professor Paul Hardart, director of the entertainment, media and technology program at the university’s Stern business school."

Excerpt from Yahoo Finance -- "Other people, now facing an increased reliance on technology, such as virtual meetings and online shopping, could be looking for something that feels real, said Tom Meyvis, professor of marketing at New York University."

Excerpt from Abacus -- "Nouriel Roubini, a professor of economics at New York University's Stern School of Business, said the main problem, however, with the potential success of central bank digital currencies would be that they could disrupt the current system of traditional banking business of taking deposits to use the funds to extend loans."

Excerpt from InvestorPlace -- "Stern Business School management professor Melissa A. Schilling points out: 'As a professional manager, Mr Pichai will inevitably strike a more cautious stance than Google’s founders … We’re likely to see more risk aversion, and a move to make the company more ordinary.'”

Excerpt from Pix11 -- "However, smaller companies that just do home cleaning in a given neighborhood do not have the option to simply move around their workforces. NYU Stern School of Business Economist Joseph Foudy is not so sure the commercial business will make up for loss of home cleaning revenue, especially with all the offices and schools closed during the lockdown."

Excerpt from CNBC -- “'Science shows there is an arc to happiness. Specifically, it looks like a smile,' Galloway previously told CNBC Make It. 'So, your younger years, your childhood, your teens, your college years [and] young adulthood are the stuff of college football games, time with friends, sexual exploration, experimentation — a lot of great stuff. And, you’re taught that the world is yours for the taking and you believe it,' he said."

Excerpt from The Hill -- "But the rise of delivery services doesn’t need to be at the expense of restaurants, said Arun Sundararajan, professor at New York University Stern School of Business. 'A number of restaurants are going out of business. If you think about things through that lens, the restaurants that survive are likely to be the ones who were either doing a lot of deliveries through these platforms or turned to this channel and used it well,' he said."

Excerpt from Poets & Quants -- "There are many reasons to love business school, but I really enjoyed and appreciated the student engagement opportunities and community I found at Stern. New York City can feel like an intimidating place, but NYU Stern prides itself on the community aspect of the experience. As President of our Stern Student Government, I worked with professional clubs, affinity organizations, and individuals who were committed to improving our school and student experience. Between our academics, recruiting, and navigating the city, it amazed me to see how committed my fellow classmates were to creating a really special environment at school."

Excerpt from CMS Wire -- "Last week during the MIT Sloan Disruption 2020 event, Amy Webb shared her view into the new normal and how it will disrupt business going forward. Webb was candid: 'Would I have known that a coronavirus at this point in time would have caused this amount of disruption — the answer is no. There is no way to build that kind of a model. However, should pandemics have been in someone’s strategic plan? The answer is yes.'"

Excerpt from MarketWatch -- "The huge Chinese market is just 'so alluring' to investors that they can’t turn down a chance to get a piece of it, even with the obvious high risks, said Paul Zarowin, a professor of accounting at the Stern School of Business at New York University. 'It’s an enormous market, [and] everybody wants a piece.'”

Excerpt from Marketing Dive -- "'We've seen that you can stop pollution on a dime, you can clear up the skies overnight,' Tensie Whelan, director of the NYU Stern Center for Sustainable Business, told Marketing Dive in a phone interview. 'You can actually pour an enormous amount of money at a problem in ways that everybody's told us we can't.'"

Excerpt from Pix11 -- "Paul Hardart with NYU’s Stern School of Business said smaller institutions without big endowments or fundraising bases will be particularly hard hit. 'When the revenue stops, the cost does not stop,' he said. 'There’s mortgages and taxes and upkeep. The challenge is the cost has remained and the revenue has disappeared.'"

Excerpt from The Hour News -- “'Until we come out of this economic decline, there’s going to be less need for investment banking,' said Lawrence J. White, an economics professor at New York University. 'I think the net effect is going to be adverse to UBS here in in the United States.'”