Experience Stern | News & Events

Excerpt from Bloomberg -- "I think the road to prosperity in the United States has gotten a lot steeper, and the road to prosperity in developing countries also got a lot steeper. And it's not surprising. Just two days ago, the Secretary General from the UN, Antonio Guterres, came to Stern to give a speech about climate change, and I think he chose the business school at NYU for a reason. This agreement is about business, and jobs are a critical part of this."

Excerpt from EPFL Magazine -- "The ARCH model is sort of a fundamental tool, the most commonly used tool for short-run risk measure by financial institutions, hedge funds, pension funds, banks — all sorts of institutions use this measure and I think it helps provide some measure of security and discipline to managing risk. But more broadly, ARCH is a tool that helps finance people do better statistics."

Excerpt from Entrepreneur -- "'Uber is good at a lot of things -- technology, global scaling -- but its weakness for years has been its relationship with its drivers,' says Arun Sundararajan, a professor at New York University and an expert on the sharing economy. 'That left open an opportunity for an entrant to differentiate themselves on that weakness.'"

Excerpt from The Washington Post -- "'Many of these affluent-area projects would have been built and jobs created without the infusion of EB-5 capital,' said Gary Friedland, a scholar in residence at New York University’s Stern School of Business. 'Consequently, deserving projects can’t be built and the resulting jobs are lost because the projects are deprived of the essential capital to proceed.'"

Excerpt from the Thomson Reuters Foundation -- "Simply extending the mandate of the current private initiatives in Bangladesh while following the same premises will not make the RMG sector safe and sustainable. All of those working on these issues, inside Bangladesh and in the greater international community, need to go back to the drawing board, and build on the lessons from the past four years."

On June 1, the NYU Stern School of Business will present a new book, “Regulating Wall Street: CHOICE Act vs. Dodd-Frank”, authored by more than a dozen faculty members from Stern and the NYU School of Law. 

Excerpt from BuzzFeed -- "'Each ride-sharing market is sort of independently contestable city by city,' said Arun Sundararajan, a professor at New York University and author of the book The Sharing Economy."

Excerpt from The Federalist -- "State-sponsored visa programs would direct temporary foreign workers to the states that want them without pushing additional migrants on the states that don’t. Many states have already exhibited an interest in administering their own visa programs. The Johnson-Buck plan meets them halfway. Lawmakers across the political spectrum should welcome the opportunity to pilot state-based visa programs that can generate jobs and growth in their home states."

Excerpt from Bloomberg -- "A 2016 study by Ethan Mollick of the University of Pennsylvania’s Wharton School and Jason Greenberg of New York University’s Stern School on crowdfunding campaigns showed that potential male funders didn’t care whether a project was created by a man or women. Two-thirds of women thought a project was better when told it was created by a man than the project created by a woman, even when it was exactly the same project."

Excerpt from the International Business Times -- "Some, however, like Lawrence White, an economics professor at New York University’s Stern School of Business, aren’t too worried about the burden of a nationwide stimulus being thrown on the shoulders of local debt issuers, as much of the funding should come from the federal government or public-private partnerships if the projects are federally-mandated. 'There will be some kind of presence there. The feds are going to be involved,' White said. Still, he added, citing the general uncertainty associated with the Trump administration, 'Who knows?'"

Excerpt from CNBC -- "In a speech on Tuesday at the New York University Stern School of Business, António Guterres said that it was 'absolutely essential' that the world implemented the Paris Agreement. He also sought to draw attention to the links between policy and security, stating that there was a 'compelling security case for climate action.'"

Excerpt from The Wall Street Journal -- "Kim Corfman, a professor of marketing and academic director of NYU Stern’s new fashion-focused program, says the new degree is a good fit for the school, given classes like 'Luxury Marketing' and 'Next Generation Fashion' that the school already offered to M.B.A. students."

Excerpt from The Wall Street Journal -- "Mervyn King, former governor of the Bank of England, went further, arguing, 'President Trump is right when he identifies a problem with current international trading and monetary relationships.'"

Excerpt from Associated Press -- "Gutteres never mentioned the American leader by name in his speech at New York University’s Stern School of Business, his first major address on climate change since taking the reins of the United Nations on Jan. 1. But he said in response to a question afterward that the United Nations believes 'it would be important for the U.S. not to leave the Paris agreement.'"

Excerpt from NASDAQ -- "From 2007 to 2016, Standard & Poor's 500-stock index delivered an average annual total return of 8.7%, according to Aswath Damodaran of New York University's Stern School of Business."

Excerpt from WashingTECH -- "In my book, I talk about the important distinction that policymakers should provide between government use of our data and corporate use of our data. So what I mean by that is, if Amazon or Google or Apple, any other company, is trying to send me an offer or a message and that's not relevant or that's not well targeted, it may end up being annoying. But it's not going to completely change my life. Whereas, we've also seen issues about government use of our data that goes to the extent of extreme surveillance. So I would like the average consumer to be embracing the distinction between government use of data and corporate use of data, and I think policymakers should also embrace that distinction."

On Tuesday, May 30, The United Nations and New York University Stern School of Business welcomed António Guterres, Secretary-General of the United Nations, for an event entitled "Climate Action: Mobilizing the World."  

Excerpt from Business Insider -- "Alter said in his talk that screens 'rob us of stopping cues,' which are signals that remind us to move on. The distraction and entertainment is constant, unlike a newspaper which finishes when you reach the end. Instead, there is no obvious time to stop — so we don't."

Excerpt from WIRED -- "'But do you really expect to keep seeing returns of 200 to 300 percent?' says David Yermack, a New York University professor of finance. 'You'd have to have all the wealth in the world in bitcoin to keep that up.' In other words, past performance is not indicative of future results."

Excerpt from Forbes -- "The recognition that the few hundred people in the room had barely started their journey was reflected in remarks by NYU Stern Business School professor Luke Williams. 'It takes a long time for people’s thinking to catch up to the technology,' he said. 'One of the reasons we’re here today is to allow our thinking to keep track with the mechanism of technology. Thinking changes much slower because we’re dealing with really well-established concepts like money.'"

Excerpt from Commodity Trade Mantra -- "I also spoke to Professor Rosa Abrantes-Metz at the New York University Stern School of Business. She is the leading expert on globe price manipulation. She actually testifies in gold price manipulation cases that are going on. She wrote a report reaching the same conclusions. It’s not just an opinion, it’s not just a deep, dark conspiracy theory. Here’s a PhD statistician and a prominent market expert lawyer, expert witness in litigation qualified by the courts, who independently reached the same conclusion."

Excerpt from Xinhua -- "Robert Engle, from the New York University's Stern School of Business and the Nobel prize winner in 2003, has been awarded almost 324,000 U.S. dollars for the period of three years. Engle will try to measure the connection between climate changes and risk and return in the management of oil fund money."

Excerpt from ETF.com -- "As Stijn Van Nieuwerburgh shows in his April 2017 paper 'Why Are REITs Currently So Expensive?,' REIT valuations have changed over time. He showed that for the period 1972 through 2004, the price-dividend ratio (the inverse of the dividend yield, or D/P) on publicly owned REITs ranged between about 12 and 18."

Excerpt from Coindesk.com -- "To kick off the event, hosted at the NYU Stern School of Business, one of the earliest innovators in the crypto-space, Erik Voorhees – who sold his first bitcoin company, Satoshi Dice, in 2013 – revealed more details about digital currency exchange ShapeShift's new product, Prism."

Excerpt from Fox News -- "Every time you check an email, it could be something fantastic or it could be something mundane or maybe you don't have one at all. The same is true of every social media experience you have. You send something out into the world, sometimes you get great feedback, sometimes you don't. And that question mark is something that humans find really compelling."