Experience Stern | News & Events

Excerpt from BusinessBecause -- "'In New York, the banks have come back,' says Roxanne Hori, associate dean of career services and corporate relations at NYU Stern. … ‘Hiring is active across all sizes of banking organizations,’ says NYU Stern’s Roxanne."

Excerpt from The Conversation -- "In our work, we show that governments with deeper pockets are able to offer more comprehensive deposit insurance programs and are therefore more willing to undertake and disclose informative stress tests. In contrast, fiscally constrained governments cannot afford to guarantee as many deposits and will therefore not risk disclosing detailed information that could cause bank runs."

Excerpt from Pensions & Investments -- "Stephen J. Brown was named executive editor of the Financial Analysts Journal, effective Sept. 1, the CFA Institute, which owns the publication, announced Wednesday. Mr. Brown — the David S. Loeb professor of finance at the Leonard N. Stern School of Business, New York University — was appointed by the institute."

Excerpt from Knowledge @ Wharton -- "The president has spoken often about greater engagement in the world, but a principled engagement, and I support that... Nigeria is an enormously important country in Africa, but when we talk about economic development, the other side of that coin is the weakness in governance, and that's really been a challenge for many decades in Nigeria."

Excerpt from The New York Times -- "... The simplest way to reduce the number of vehicles on the road is to increase the number of people traveling in each vehicle, and these new ridesharing apps hold particular promise on this front. Services like UberPool and Lyft Line use sophisticated algorithms to match people going in the same direction in real-time, increasing vehicle occupancy with minimal rider inconvenience. They are modern-day, market-based, digital successors to yesterday’s neighborhood carpool."
 

Excerpt from Wallethub -- "Buying a home is a substantial commitment. In addition to the monthly mortgage payment, there are property taxes, homeowners insurance, and regular maintenance expenses which add up to 3-6% of the value of the house each year. And that is absent major maintenance expenses such as roof replacement, new HVAC systems, kitchen remodeling, etc. Therefore, it is important to have some financial buffer before making the plunge. I think a good rule of thumb is that the total cost of spending on a house should not be much more than a third of total spending budget."

Excerpt from Planetizen -- "By measuring 20 streetscape features and numerous other variables for 588 blocks in New York City, we were able to identify variables that explain pedestrian traffic volumes. We found significant positive correlations between three out of 20 streetscape features with pedestrian counts after controlling for density and other built environmental variables. The significant streetscape features are the number of pieces of street furniture, the proportion of windows on the street, and the proportion of active street frontage."

Excerpt from Business Insider -- "'There is no need to build out your whole two years this summer, but you should consider classes or professors that your school is known for and make sure you aren't missing out on anything in early days that would hurt your chances of taking their classes,' Johnson says."

Excerpt from Sports Illustrated -- "Wertheim and Sommers discuss the definition of rivalries, partly based on a study led by New York University Assistant Professor of Management and Organizations Gavin Kilduff, titled 'The psychology of rivalry: a relationally dependent analysis of competition,' which investigates the idea that teams’ similarity and histories can predict rivalry, and that rivalry may affect athletes’ motivation and performance. Can a person have an unrequited rival? Or are rivalries actually quite symmetrical?"

Excerpt from Bloomberg -- "There is a major piece of legislation that is going to come up on Wednesday, this week, in the Greek Parliament, and there will be defections from the ruling party. And we'll see how it will go. It will most likely pass with the vote of the opposition, but the ruling party is becoming weaker and weaker... most likely, we'll see elections in September or October."

Excerpt from Bloomberg -- "If you ask me where we are right now, the IMF is not going to support a new bailout. We're not heading for soft landing over time for Greece. Right now, we're heading for another Euro summit."

Excerpt from Voice of America -- "Paul Wachtel, an economics professor at New York University, told VOA that long-standing U.S. sanctions and the more recent U.N. restrictions "severely hampered" Tehran's economy, pushing it into a 'deep recession.' He said Iran's economy could recover within two or three years of the lifting of the sanctions. But Wachtel said questions remain about what Tehran might do with its windfall of cash, as frozen bank accounts are unlocked at the same time the country boosts its oil exports. 'It is enough money to make a lot of trouble' in the Mideast through support of insurgencies Iran favors, Wachtel said."

Excerpt from Bloomberg -- "Proposed legislation seeks to redirect investments to poor and rural communities and would make it tougher for developers to access funds in big cities such as New York, where at least $3.2 billion of EB-5 cash has gone toward building the skyline since 2010, according to a study by Jeanne Calderon and Gary Friedlander, professors at New York University’s Stern School of Business."

Excerpt from Washington Examiner -- "The Volcker Rule, criticized for its complexity, has already forced some megabanks to divest in ways they might not have had to under the late-stage versions of Glass-Steagall... The 21st Century Glass-Steagall Act would go far beyond that, White said... The financial industry would survive, he said, but might not be safer. 'If Glass-Steagall, with all of its pristine beauty of 1933, had still been in place, nothing would have been different' in 2008, he said."

Excerpt from The New York Times -- "According to a 2014 Treasury Department report, $270 million worth of Cuban assets are frozen in United States bank accounts. 'It’s going to be a mess that may not get resolved for many, many years,' said Roy C. Smith, a finance professor at N.Y.U.’s Stern School of Business who has also studied the claims."

Excerpt from Financial Times -- "Mobile payment may ease the ‘pain’ of spending but could make you poorer...The academics Priya Raghubir and Joydeep Srivastava have found that we are less likely to remember purchases made by electronic means."

Excerpt from Mashable -- "Arun Sundararajan, a professor of business at New York University, says several startups in the on-demand market, including Lyft and Airbnb, have ramped political efforts at an earlier stage precisely because these services largely operate offline and run up against local regulators earlier. 'They all developed political and government relation functions way, way earlier than the typical technology company,' he says. Even by that standard, however, Sundararajan notes that the political maneuvering of these other companies are 'not as brash and in your face as Uber.'"

Excerpt from Forbes -- "'Amazon cannot survive as a pure-play retailer,' said Scott Galloway, founder of L2 Research and a professor at the NYU Stern School of Business, at the January DLD15 conference. 'Stores are the new black in the world of ecommerce. We have discovered these incredibly robust, flexible warehouses called stores.'"

Excerpt from The New York Times -- "Yet compared with its turmoil in some other big cities, Uber has negotiated the regulatory wringer of New York with relative ease. 'So far, this has been one of their success stories,' said Arun Sundararajan, a professor at the Stern School of Business at New York University who has studied the company. 'But if this [new legistlation] goes through, it will severely restrict their ability to grow.'"

Excerpt from Voice of America -- "With sanctions being removed slowly, by timetable agreement, Paul Wachtel, economics professor at New York University's Stern School of Business, said, 'In the short run, the effects will be relatively limited. The sanctions don’t even get removed immediately...I wouldn't expect much to happen for the next six months, a year, maybe two years. Beyond that, it will begin to affect the world economy. In a sense, Iran is a large economy, it’s got a large population, a well-educated population and lots of economic resources. If this agreement leads to Iran being integrated into the global economy, you have got a brand-new big player in the world economy.'"

Excerpt from Bloomberg -- "'The significant number of ‘no’ votes from Syriza, including by some of the ministers, puts Mr. Tsipras at a very difficult position,' said Nicholas Economides, a professor at New York University’s Stern School of Business. 'Either he has to continue as a minority government at the mercy of the votes of the pro-Europe opposition parties, or create a new coalition that includes the opposition parties, or call for elections.'"

Excerpt from The Huffington Post -- "'Our economy is designed to provide a social safety net to people who have full-time jobs, but we don’t have the infrastructure to provide a similar safety net for people who do productive work but are not full time,' said Arun Sundararajan, a professor at New York University's Stern School of Business. 'Uber drivers are trying to become full time because that’s where benefits are, but classifying them as full time is retrofitting an old system. There’s a new way people are making a living, and it’s about finding a way to extend protections to more of them.'"

Excerpt from The Wall Street Journal -- "'This is a country where high fructose syrup has a better supply chain than fresh tomatoes, and half of our produce comes from the state of California,' said Hans Taparia, clinical assistant professor at NYU Stern School of Business, where he teaches classes on food entrepreneurship."

Excerpt from Financial News -- "Barclays has made a big step by replacing [Antony] Jenkins in the middle of his efforts to turn things around. It appears that the main reason for the change was that what he was doing was taking too long, and the markets no longer believed his efforts would change anything, not that the basic strategy was wrong. [John] McFarlane must convince the market that he can deliver strategy that will yield better results, or he too will be out. Many other global investment banks are in the same position, sticking to the old strategy while working to improve execution. But the real fault is in the strategy itself, not the execution, however slow that has been."

Excerpt from MBA Today -- "The NYU Stern's Center of Business and Human Rights is led by co-directors, Research Scholar Sarah Labowitz and Professor Michael Posner, former Assistant Secretary of State for Democracy, Human Rights and Labor. The representation of these figures from this field within a business school is rare and exceptional. Yet, this is just the beginning. Though only two years old, the CBHR has already helped grow substantive initiatives internationally, and with it sought to establish ongoing links with NYU Stern. This has been seen in the Center's work throughout the developing region, with works in Bangladesh."