Experience Stern | News & Events

Excerpt from WNYC -- “'I would not be feeling very proud belonging to an organization that, because of some level of carelessness, [people] lost their lives,' she said. 'People who trusted us with their lives, lost lives. That must be traumatic.' But that trauma, she said, can be used to send a message that could be helpful in changing the organization’s culture to one that is more safety oriented. 'You start a campaign that says, never again.'”

Excerpt from Forbes -- "HireCanvas, an emerging startup, aims to make that hunt more efficient by connecting the right employers to the right candidates. This Manhattan-based venture was one of 80 startups showcased at the New York University Entrepreneurs Festival earlier this month."

Excerpt from Vox -- "This column argues that macro stress tests would be more effective if capital requirements were measured differently from the current regulatory risk weight-based approach, and in particular, were based on total assets and on market risks."

Excerpt from Bloomberg -- "There is a huge demand for these kinds of courses that train people for the new emerging economy. The real question really is whether the destruction of jobs that's caused by technology will be far faster than the creation of these new jobs in the long run."

Excerpt from Reuters -- "It wasn't until the crisis truly erupted that the West began to open its pocketbook. What happens when the next global tension flares and the international media's attention shifts? Will Western diplomatic efforts shift with it? Are the United States and Europe prepared to backstop a Ukrainian economy in free-fall when they have pressing economic concerns back home?"

Excerpt from China Daily -- "A. Michael Spence, who was awarded the Nobel Prize for economics in 2001 and chaired the World Bank's Commission on Growth and Development, said the growth target mentioned in Chinese Premier Li Keqiang's government work report during the two sessions was a 'reasonable' goal. 'This figure seems a very reasonable estimate and goal for growth this year, provided there isn't some major crisis outside - somewhere in the global economy or financial system,' said Spence."

Excerpt from The Huffington Post -- "However, Hal Hershfield, assistant professor of marketing at NYU's Stern School of Business, has found that when people can realistically imagine their future selves in a clear and positive light they are increasingly able to make choices that will benefit that future self."

Excerpt from Financial Times -- "Thomas Philippon, a professor at New York’s Stern Business School and a former adviser to Pierre Moscovici, the finance minister, says Mr Hollande’s unpopularity is more a function of a general disaffection that has emerged post-crisis than his own policies. 'Where Hollande is now says more about the country than about him. All the issues that were not properly dealt with in the past have crystallised now. It happened to occur under his presidency.'”

Excerpt from Bloomberg -- “'Both sides have personalized the issues,' said Scott Galloway, a professor of marketing at New York University."

Excerpt from Forbes -- "Bases for new products and services innovation can be ground-breaking and revolutionary, resulting from major new technologies such as 3D printing or nanotechnology, or small, simple, and seemingly obvious, like turning a ketchup bottle upside down, adding a 4th ball to a tennis ball can, or offering bright colors to items previously only white, black, or monochromatic. Innovations can involve simply taking something that has long been utilized or enjoyed in one market, such as a food, or face cream, and introducing it to a market that has never seen it."

Excerpt from CNBC -- "One noted economist, Michael Spence, has argued high-frequency trading should be banned. And regulators have periodically expressed qualms about the practice and its effect on markets, particularly regarding the Flash Crash."

Excerpt from CNC World -- "In a market like China, you would want some sort of government regulation to enforce that only accredited investors can come and participate in these markets and on of top that, you also want a self-policing community system in place."

Excerpt from Slate -- "Dear Blues, I have a suggestion for a birthday present: Get yourself a copy of Jonathan Haidt’s The Happiness Hypothesis and read how all of us struggle like riders atop an elephant to control our thoughts."

Excerpt from Science Codex -- "'We predict that in a gift-giving situation, both the gift givers and gift receivers will focus on the gift receivers when thinking about the gift. Givers will choose gifts that are more desirable over gifts that are more practical, whereas receivers will give greater weight to the gift's practicality,' write authors Ernest Baskin (Yale University), Cheryl J. Wakslak (University of Southern California), Yaacov Trope (New York University), and Nathan Novemsky (Yale University)."

Excerpt from Bloomberg -- “'The Fed is right to worry about fire-sale risk,' Viral Acharya, a finance professor who focuses on liquidity risk and regulation at New York University’s Stern School of Business, said in a telephone interview on Feb. 25. Lehman and Bear Stearns showed the consequences when 'creditors in the repo market started worrying about these counterparties.'”

Excerpt from The New York Post -- “'This thing is nuts,' says NYU Stern professor and psychologist Jacob Jacoby, who likens the lakkris latte to an ostentatious Gucci or Hermès belt. 'It’s about conspicuous consumption — displaying wealth. It says something about themselves: 'Look, I can do this,' he explains."

Tom Bernstein, president and co-founder of Chelsea Piers, joined Dean Peter Henry and MBA students for NYU Stern’s Block Lunch event series this spring.

Excerpt from The Wall Street Journal -- "The NYU economist and professor, nicknamed Dr. Doom for accurately forecasting the 2008 financial crisis, called bitcoin a 'Ponzi game.'”

Excerpt from Risk.net -- "'Herstatt risk is greater for Asian currencies trading against the euro or US dollar because the time difference between the two legs of the trade is greater, so it's actually more important for Asian currencies to have some sort of risk mitigation in place than for European currencies,' says Richard Levich, professor of finance and international business at New York University's Stern School of Business, and author of a forthcoming paper for the Bank for International Settlements (BIS) on forex market developments in Asia."

Excerpt from LinkedIn -- "Adam Alter, in this recent online New Yorker piece about whether the poor have more meaningful lives than the rich, noted that if happiness was all that mattered, people wouldn't do ultramarathons or Tough Mudder events: 'Some of the most rewarding life experiences are popular because they favor meaningful hardship over simple pleasure.'"

Excerpt from Business Insider -- "Valuation expert and NYU professor Aswath Damodaran finally waded into Bitcoin territory in his latest blog post to rule on the cryptocurrency's staying power and pricing."

Excerpt from The Economist -- "Another bit of bad news for the gold market comes from a forthcoming paper by Rosa Abrantes-Metz, of New York University’s Stern School of Business, and her husband Albert Metz, a ratings-agency chief (writing in a personal capacity). This identifies a puzzling number of large downward price movements in the run-up to the afternoon 'fix': a conference call, typically ten minutes long, when the banks exchange information and decide on the price. Ms Abrantes-Metz terms the spikes 'too frequent and too large' to be mere chance."

Organized by NYU Stern’s Citi Leadership & Ethics Program and Business & Society Program, with generous support from the Citi Foundation, the 2014 conference featured this year’s Distinguished Citi Fellow in Leadership & Ethics Ellen Seidman, former director of the US Treasury Department’s Office of Thrift Supervision and senior fellow at the Urban Institute.

Excerpt from Verizon Wireless -- "In Episode 8, we meet Yaopeng Zhou and Marc Albanese, co-founders of Smart Vision Labs, who created a portable vision examination device that works with a smartphone, called an autorefractor. It's a critical innovation for places like Rwanda where there are 10.5 million people and only 14 vision care providers. Now, by taking just a single picture, prescriptions and glasses can be handed out on the spot to people in need, bringing vision testing to places where it currently doesn't exist."

Excerpt from Forbes -- “'Five years is a long time for a market to expand without having a major drop,' says Richard Sylla, a professor of financial history at New York University’s Stern School of Business."