Experience Stern | News & Events

Peter Blair Henry, dean of New York University Stern School of Business, will share lessons from his new book, "Turnaround: Third World Lessons for First World Growth," before an audience of more than 350 undergraduate and MBA students and alumni.

Excerpt from the New York Post -- "At New York University's Stern School of Business, students are volunteering on-campus for a program that pairs them with low-income New Yorkers in need of help with their tax returns."

Excerpt from CNBC -- "A 2010 study by researchers at New York University's Stern School of Business and the University of Pennsylvania's Wharton School found that wages for computer programmers, system analysts and software engineers declined by as much as 6 percent at companies using the H-1B program."

As part of NYU Stern’s Block Lunch event series, Dean Peter Henry interviewed Dr. Helene Gayle, president and CEO of CARE USA, before an audience of more than 100 MBA students.

Excerpt from The Globe and Mail -- "In his new book, Drunk Tank Pink: And Other Unexpected Forces That Shape How We Think, Feel, and Behave, Alter draws upon decades of research to demonstrate how everything from our names to the weather can potentially change the course of our lives."

Excerpt from MIT Technology Review -- "But are existing mobile ads really performing poorly? Anindya Ghose, an associate professor at NYU’s Stern School of Business and co-director of Stern’s Center for Business Analytics, doesn’t think so. Ghose, who tracks the effectiveness of ads across smartphones, tablets, and PCs, says people tend to see ads on one device and may end up buying the product in question on another."

Excerpt from Project Syndicate -- "In sum, among advanced economies, the US is in the best relative shape, followed by Japan, where Abenomics is boosting confidence. The eurozone and the UK remain mired in recessions made worse by tight monetary and fiscal policies. Among emerging economies, China could face a hard landing by late 2014 if critical structural reforms are postponed, and the other BRICs need to turn away from state capitalism. While other emerging markets in Asia and Latin America are showing more dynamism than the BRICs, their strength will not be enough to turn the global tide."

Excerpt from Glamour -- "Contribute to your 401(k) - at least up to the maximum your employer will match. Unconvinced? Look at pictures of yourself getting old -- a recent study found this can inspire you to save more."

Excerpt from HuffPost Live -- "The book is interested in the forces in the world around us that shape how we think, feel and behave across a whole range of different domains, and I think one of the most interesting effects for me in the whole book is the power of this color red, especially in the dating context. There is a lot of very good evidence from some very good researchers showing that when you load photos of yourself on to a dating website, that you can have exactly the same picture, but if you're wearing the color red in that picture, you're going to do much better and get many more hits, much more interest..."

Excerpt from MSNBC -- "I think the key thing is understanding that what we need is discipline, and discipline does not mean fiscal austerity. It means having a good sense of where you want to go, and focusing on things that produce growth."

Excerpt from CNBC -- "I think the key question for Cyprus is what kinds of precedents does it set for the future, and how will markets interpret what's been done? And in particular let's think about the capital controls that are currently in place. The key question is how long will they be in place, and will markets become worried that we're headed back to a time where capitol controls will become more widespread?"

Excerpt from Bloomberg -- “'Libor may not be being manipulated currently, but it is not responding to market conditions the way it would be expected,' said Abrantes-Metz, who is also an associate professor at New York University’s Stern School of Business. 'That compromises the reliability of Libor as a key benchmark, to the detriment of the market.'”

Excerpt from The New York Times -- "In past times of rising crime, a cold war, rising nuclear war fears, and rising Islamic terrorism, there was a lot to hold together the large conservative coalition. Now, with diminished external threats, there is much less 'to galvanize people with a psychologically conservative disposition.' Instead, Haidt argued, the more intensely felt current threats are economic, and it is not immediately clear why shrinking the government is the best way to meet those threats."

Excerpt from Luxury Daily -- "What I am suggesting therefore is that the change of name is not a case of 'corporate rebranding,' as several analysts rushed to contemptuously point out, [one destined] “to fill a library” along with those that failed to move the needle upwards. This change of name, along with its tag line, 'Empowering Imagination,' are expressions of the conglomerate’s clearly defined business strategy in creating synergies among its brands."

Excerpt from Forbes -- “'They may believe they’re doing all that’s called for,' says Zur Shapira, William Berkeley Professor of Entrepreneurship at NYU’s Stern School of Management, 'but in chasing growth, it’s easy to overlook the people issues. The truth is, too many are not likely paying the amount of attention that’s called for.'”

Richard Berner, the first Director of the US Treasury’s Office of Financial Research (OFR), spoke to Stern faculty and students about financial stability, financial regulation and the goals of OFR to measure and report on the health of the financial system.

Excerpt from Bloomberg Businessweek -- "A desire to make a difference in the world is also a contributing factor, says Scott Stimpfel, assistant dean of student engagement and innovation at Stern. In fact, many of his students are pursuing social entrepreneurship, or at least getting exposed to it, as early as high school, he says."

Excerpt from Bloomberg -- "The markets are assumed to be bipolar. Apple could do no wrong a year ago and now everyone's decided that it's had this huge fall from grace. It is still the product that's a self-expressive benefit, it says something about you, it stands for innovation, heritage, incredible price premium. Hands down, the best brand in the world."

Excerpt from MIT Technology Review -- "NYU’s Sundararajan believes the time could be right for some (non-vertical-specific sharing marketplace) service like it to catch on, though he believes integrating with Facebook heavily is a strategic risk because any budding competitor can do the same."

Excerpt from Reuters -- "It is still 'early days,' Richard Berner, the newly appointed director of the U.S. Treasury's Office of Financial Research, said, when asked what lessons the United States might learn [from Cyprus] on the durability of financial markets. I think it's probably early days and too soon to draw those lessons, Berner said after a speech at New York University's Stern School of Business. 'That's something that's going to be worth looking at.'"

Excerpt from the Washington Post -- “'The one big lesson is, it can be done,' Henry said. 'You can get to yes. You can turn things around.'”

In a new study entitled “Immunity,” NYU Stern Assistant Professor of Economics Vasiliki Skreta and her co-authors, Karthik Reddy of Harvard Law School and Moritz Schularick of the University of Bonn, examine the political immunity provisions which exist throughout much of the modern democratic world. The researchers show that the incidence of corruption soars when politicians are placed above the law, and demonstrate the mechanisms behind the phenomenon.

Excerpt from Zócalo Public Square -- "In 'The Righteous Mind,' Haidt argues that our morals and beliefs are far less reason-based than many of us would like to think.  We often come to a conclusion first and then think up the reasons for it next; as a result, we misjudge people who feel differently.  If we can take responsibility for breaking out of our righteous mindsets, we just might be able to understand and get along with one another better."

Excerpt from Marketplace -- "In the book, Alter reveals that in general we are sharper, clearer thinkers when it's cold outside and that the colors around us can impact our mood -- from how angry we are to how willing we are to buy. He says his book is not so much about taking advantage of others as it is about educating consumers on what these cues are, because once they recognize them they can cope with them and deal with them and sometimes even harness them for personal benefit."

Excerpt from Bloomberg Businessweek -- "Discipline means focusing on what needs to be done to generate prosperity. Not austerity, not necessarily extreme measures...Discipline means a long-term focus on pragmatic solutions."