Experience Stern | News & Events

On March 8th, NYU Stern’s Entrepreneurs’ Exchange Club (EEX) will send more than 50 MBA students to Austin for the SXSW Interactive Conference. Over the past few years, SXSW Interactive has emerged as the premier event for entrepreneurs and entertainment/media/technology aficionados.

Excerpt from Bloomberg Businessweek -- "You could have found them listed by name in the V-Lab data from the Volatility Institute at the NYU Stern School of Business. The institute, run by Robert Engle, a financial economist who won a Nobel Prize in 2003, has come up with a way to estimate how much equity each firm would lose in a crisis, and how much each would contribute to the total expected capital shortfall of the entire financial sector."

As a part of the Conversations on Urbanization series held by NYU Stern’s Urbanization Project, former Toronto Mayor David Miller spoke with Paul Romer, Director of the Urbanization Project and Professor of Economics, in a public presentation on March 7.

Excerpt from Reuters -- "'I think the estimate for Friday is about 160,000 jobs. You know, 100,000, 150,000 people enter the workforce every month so just treading water means that we have to hit those kind of numbers. For sustained improvement, we really need a quarter of a million jobs a month and we need that for a few years. And we are just waiting to see when the economy is strong enough to start producing those kind of numbers.'"

Excerpt from The Huffington Post -- "'The enduring brand loyalty is about the core offerings, which is not just coffee,' Raghubir explained. 'It is the experience of going to Starbucks.'"

Excerpt from Bloomberg -- “'There’s room for two competitors,' said Tom Meyvis, a marketing professor at New York University’s Stern School of Business. 'What Peapod can do is to focus less on the gourmet segment and emphasize regular products at a competitive price.'”

Excerpt from Fox Business -- "To spur lending and help the economic recovery, the Federal Reserve has been keeping the federal funds rate low. “The Fed is trying to keep expectations of inflation low by keeping rates low for the foreseeable future,” says Cooley."

Excerpt from The Wall Street Journal -- "Ignoring inflation, Mr. Sylla said, the Dow appears to be roughly 140 times its level of 100 years ago, an enormous gain. But removing price increases and counting only real gains, the Dow is roughly seven times its level of 100 years ago, a good gain but far from what it appears."

Excerpt from CNBC -- "'...chances are it's not going to be Apple that makes the next breakthrough consumer technology,' Sundararajan said. 'It's not so much that Apple has lost the secret sauce, it's just that the sauce is less important right now—it's less effective at this point in the evolution of the industry.'"

Excerpt from the Hindustan Times -- "Undergraduate business students are considering alternatives to traditional career paths. Business students are prepared for a multitude of postgraduate opportunities, including traditional business careers and degrees, but also beyond. Students are showing an interest in working in the non-profit and government sectors, and support for this is growing at the administrative level."

Excerpt from the Economic Times -- "That would be global exposure. We talk about crossing boundaries. Students have to have some exposure across boundaries. They are the global managers of the future. We are part of a global network of universities. At least 67 per cent of our students have one semester abroad and all our students spend a week on international studies."

Excerpt from The Wall Street Journal -- "I would say it shows a really improving outlook for our economy. Investors are optimistic, maybe the economy is on the mend and if we're lucky, we may see a series of these all-time highs."

The Center for Real Estate Finance Research (CREFR) and Marc H. Bell, General Partner of Barbican Capital host a full-day conference on the future of the U.S. housing finance system.

Excerpt from The Times of India -- "Like many business schools, there are more men than women in the student body. I would like to see more women enrolling in business programmes in general. Business is a wonderful undergraduate degree as it provides students with a wellrounded education and prepares them for nearly any field, besides opening up career opportunities."

Excerpt from Bloomberg -- “'Markets are underestimating how much the sequester and the gridlock in the United States could have negative effects on the economy and eventually on the market,' Roubini said."

The 10th Annual NYU Stern-Citi Conference in Leadership & Ethics addressed the theme of “Integrating Sustainability Into Capital Markets.” Organized by NYU Stern’s Citi Leadership & Ethics Program and Business & Society Program Area, with generous support from the Citi Foundation, the 2013 conference featured this year’s Distinguished Citi Fellow in Leadership & Ethics, Mindy Lubber, president of Ceres.

Excerpt from Democracy Journal -- "In this essay I offer such a map, showing the territory currently controlled by Democrats (equality and positive liberty) and by Republicans (proportionality and negative liberty). What remains up for grabs is “procedural fairness”: the integrity of the process by which we decide who gets what. Both parties are open to charges that they don’t want everyone to “play by the same rules.” Both parties have ways of answering this charge and persuading the broader public that its concept of fairness is the better one. The party that wins that point will have the upper hand in this new culture war."

Excerpt from Vanity Fair -- "In 'Turnaround' (Basic Books), Peter Blair Henry explains how discipline in policy reform reflects the likelihood of economic success in emerging countries."

Excerpt from Fora.tv -- "Banks, for centuries, have played a key role in economic development...the countries that had the most developed banks and really the most developed financial systems early on were the ones that were successful in modern history. The Northern Italian city-states are an example and what I noted here was that these city-states of Northern Italy 600-700 years ago developed modern banking, innovated it and they also innovated double-entry bookkeeping."

Excerpt from Delta Sky Magazine -- "Sandberg has been described as a consummate socializer, one who is a genuine friend. She remembers birthdays, answers emails and maintains more real relationships than most people have Facebook friends. It seems fitting that the Facebook COO would be so focused on relationships. Social capital is invaluable, and Sandberg knows how to cultivate and maintain it."

Excerpt from CBS -- Adam Alter with Malcolm Gladwell: Drunk Tank Pink: And Other Unexpected Forces that Shape How We Think, Feel, and Behave

Excerpt from Charlie Rose -- "...the big issues that excite me are the massive wave of urbanization we're going to see in the developing world...The rich countries face this problem of insufficient investment demand. This is our big challenge macroeconomically. But the developing world has this enormous investment demand for urban infrastructure so there's a deal that can be done here between the places that have a lot of investment capacity and financing capacity and parts of the world that really could use that productively."

Excerpt from Foreign Policy -- "'At NYU Stern we categorically reject the "or" and embrace the "and." Profits and principle must coexist as citizens and consumers around the globe demand both. Mike is respected around the world for his distinguished 30-year career as a lawyer, advocate and policymaker,' Stern Dean Peter Henry said in the statement."

Excerpt from Smithsonian Magazine -- "Alter covers the ways that names, labels, symbols, people, culture and many other factors affect our brains."

Excerpt from the Harvard Business Review -- "You might think a culture would have an effect on you only if you’ve spent some time immersed in it, but that’s not the case. Culture influences you more easily than you realize. Thanks to the internet and the rise of global commerce and travel over the past 15 to 20 years, we’ve all become more aware of foreign ideas and symbols."