Experience Stern | News & Events

Excerpt from Bloomberg -- "'It is based on actual trades amongst a select group, rather than being based on trades by all market participants,' Rosa Abrantes-Metz, a professor at New York University’s Stern School of Business, said today by phone. 'The benchmark should be based on trades that are occurring for a longer period of time in the day. It should be based on trades that can be collected electronically and by anybody that’s traded during that time period.'"

Excerpt from San Francisco Chronicle -- "Arun Sundararajan, an NYU business professor who studies emerging digital economies, said it's not possible to determine whether the complaints are from a vocal minority or represent widespread dissatisfaction. 'It seemed like (the new model) was a necessary shift for TaskRabbit to grow, but they may have underestimated the extent to which providers and clients felt a sense of ownership over doing things the old way,' he said. 'In any marketplace, the people who are trading start to feel engaged with the process they have learned.'"

Excerpt from Business News Network -- "It's actually very difficult to really say whether insider trading occurs or not... We got inspired by a series of insider trading cases that were discussed in the financial press. We just thought we should go out there and do a systematic study on this in the context of M&A activity and in the options market. Now, within that market, what we see is that there is unusual activity in the options market going on ahead of these announcements, but that only suggests that there is a lot of informed trading. So it's very difficult to say whether that is insider trading or not."

Excerpt from BusinessBecause -- "NYU Stern created the Social Impact Internship Fund, a financial stipend of up to $10,000, which supports first-year full-time MBA students who wish to complete a summer internship working at the intersection of business and society. Several other schools have followed suit. Recipients have worked with nonprofit organizations [and] for-profit social enterprises, and started their own social ventures."

Excerpt from Bloomberg -- "IBM is a huge company, and right now, if you're not Google or Apple, it sucks to be a big company in tech. Anyone associated with the desktop era of the 80s and 90s is suffering, whether it's HP or IBM... IBM is better suited than those guys because they have a really robust services division."

Excerpt from Bloomberg -- "'It is easier for a seller to predict how a consumer will value a collection of goods than it is to value any good individually,' wrote [Erik] Brynjolfsson, who directs the Massachusetts Institute of Technology’s Center for Digital Business, and Yannis Bakos of New York University’s Stern School of Business in a 2000 Marketing Science article."

Excerpt from CCTV -- "We're seeing record increases in exports of dairy... to China, where we're seeing 20-30% growth year-on-year over the last several years, huge increases in exports to southeast Asia, Mexico... we're seeing just a record boom across a range of dairy products."

Excerpt from MBAPrograms.org -- "NYU Stern graduates should feel confident that their education has prepared them not only for the next step in their career after the MBA, but also for a future of career opportunities. While at Stern, students learn from our world-renowned faculty while also gaining hands-on experience in management and leadership through a variety of programs such as the Leadership Development Initiative, Board Fellows Program and Stern Consulting Corps. This combination of theory and practice prepares students to transform challenges into opportunities and create value for business and society."

Excerpt from Reuters -- "'The strike is not as effective a weapon as it once might have been,' Foudy said ahead of a threatened strike by unionized workers on the Long Island Rail Road that could effectively shut down the nation's largest commuter railway at 12:01 a.m. Sunday."

Excerpt from Greek Reporter -- "Greece has not yet convinced investors that it is at a stage of recovery. How can it convince them? Through public investment with money raised from the sale of new bonds. Greece should issue, every year for 3-4 years, €5 billion per year of 5-year or 7-year bonds at an interest rate of 4-4.5% and put all the money raised in a 'Development Fund.' Greece should ask the large European countries (Germany, France) to put €1 billion in total to the same fund, and have common governance."

Excerpt from Bloomberg -- "In the end, the courses that probably... pull it all together are... the corporate strategy courses. You see them at many of the major business schools where you're actually playing against each other. In the case of the course I'm teaching, it's a course on managing financial institutions where, essentially, you're taking the knowledge base of the first year, and you're saying, this is how it's actually done at the companies. And we're going to be teaching cases where we're talking about the strengths and the weaknesses."

Excerpt from MarketWatch -- "More movies, television shows and live sporting events being produced by one company means less competition and more seller power, says Samuel Craig, director of the Entertainment, Media and Technology Program at New York University’s Stern School of Business. 'Consumers may see a slight increase in their cable bill to see the content they want,' he says. As media reports of the bid have suggested, it’s unlikely that the Federal Communications Commission would allow one company to own both CNN and Fox News, he adds."

Excerpt from The New York Times -- "As Steve G. Cecchetti and Kermit L. Schoenholtz, economists who write the Money and Banking blog, point out, if regulators managed to address the systemic risks posed by the activities and products that asset managers offer, then the risks posed by the companies themselves would be sharply diminished, if not eliminated."

Excerpt from Financial Times -- "Rosa Abrantes-Metz, adjunct professor at New York University Stern School of Business, and one of the most prominent critics of the precious metals fixes, says she is 'greatly satisfied' with the changes, citing the improved transparency and expanded market participation. 'What is most important is the reduction of conflict of interest between the benchmark administrators and those who trade on it,' Ms Abrantes-Metz says."

Excerpt from Portland Press Herald -- "The problem with trendy foods is that no one really knows what sales will look like five years from now. If a business owner catches the upswing of a trend, Eggers said, they may be able to get several years of good business before having to worry about the bubble bursting. That’s what happened with Crumbs. 'They came in relatively early in the cupcake trend,' Eggers said. 'They actually made a lot of money for a period of time, but they got themselves in trouble because they overexpanded.'"
 

Excerpt from Demos -- "New York University Economics Professor Thomas Philippon has estimated that the financial sector causes a 'misallocation of resources' in the amount of $280 billion each year."

Excerpt from The New York Times -- "Given the evidence, US society would benefit from a more balanced housing policy that puts equal weight on rental and home ownership assistance programs. On the ownership side, we need a policy that stimulates the accumulation of home equity, for example through down payment assistance, rather than mortgage debt. We should cut the benefits for the rich by lowering the limit below which Fannie and Freddie can purchase mortgages (or phase out these government-sponsored enterprises altogether as I have argued in 'Guaranteed To Fail'), by capping the mortgage interest rate deductibility, and by focusing efforts on first-time buyers."

Excerpt from Campus Technology -- "Georgieva and her colleagues hope the program will expose students to a process of collaborative learning that maintains a balance between creative intuition and analytical rigor; challenges students to 'think disruptively;' facilitates experiential learning using digital tools; and inspires students to envision new possibilities for their future careers. It also establishes the notions of participation, collaboration and authentic learning as cultural mainstays of the business curriculum."

Excerpt from The Globe and Mail -- "The report concludes trading volume and volatility in the 30 days preceding the announcement of a takeover deal 'suggests that informed trading is more pervasive than would be expected based on the actual number of prosecuted cases.' The study is a working paper published in May by Patrick Augustin of McGill University in Montreal and co-authors Menachem Brenner and Marti Subrahmanyam, both of New York University."

Excerpt from The Economist -- "A paper by Kei Kawai of New York University’s Stern School of Business and Jun Nakabayashi of Tohoku University examines Japanese public building projects. They collected data on over 40,000 tenders from 2003-06 worth $42 billion (around 3% of national tax revenue). The Japanese government uses a first-price sealed-bid auction: builders write down their best price, and the lowest bid wins the work. If none beats a reserve price that is known only to the auctioneer, the procedure is repeated until a bid beats the reserve."

Excerpt from Bloomberg -- "It's a more complicated story in New York than it is in any other American city because we rely so much more on public transportation or on taxis for our day-to-day functioning, and as a consequence, our regulatory infrastructure is so much deeper and so much more complex. And so the ways in which we regulate the analog, the old way of sharing, taxicabs, is a little more complicated than it is in, say, a city like Austin or a city like San Francisco."

Excerpt from CCTV -- "The day-to-day trade between the two countries is not driven by governments. It's driven by market forces and companies, and that economic relationship just gets stronger every year."

Excerpt from eCampusNews -- "Arun Sundararajan is Professor of Information, Operations and Management Sciences at NYU. If you are interested in the intersection of social media, online privacy and ed-tech startups, you should follow Arun’s Twitter feed for opinionated commentary and curated content."

Excerpt from Yahoo! News -- "At the same time, however, the government is putting the squeeze on the very same banks it wants to ease up on lending standards and provide more credit to businesses and consumers, to help boost spending and growth. 'Banks are not providing the support we need for the economic recovery,' says Smith. 'There may be a political value to punishing the banks for reckless behavior, but there has to be some sense of political closure on this.'"

Excerpt from San Francisco Chronicle -- "Arun Sundararajan, a New York University business professor who specializes in changes wrought by digital technology, said the new nomenclature makes sense. 'My impression is they don't want to be thought of as a site for generic menial labor, and want to communicate that you can find skilled people on TaskRabbit,' he said. 'The word "rabbit" doesn't conjure up highly skilled workers; it may have hurt them because they're not leveraging the pool of talent they have painstakingly acquired.'"