Experience Stern | News & Events

Excerpt from Bloomberg -- "'The Greek recovery is once more significantly delayed by politics,' said Nicholas Economides, a professor of economics at New York University’s Stern School of Business. 'Tsipras will blink at some point in time, the question is when.'"

Excerpt from The Wall Street Journal -- "If ever there was going to be a good year for CEO pay, it was going to be 2016,” said David Yermack, a finance professor at New York University’s Stern School of Business who studies executive pay. ... Mr. Yermack said regular shareholder votes on executive pay have forced boards 'to do their homework' in better tying top-boss pay packages to performance."

Excerpt from CNBC -- "'[Markets] are overestimating the positives of the US-Trump policies. Infrastructure, stimulus, deregulation, tax cuts: I think Trump will achieve much less on those dimensions,' he said. 'And they're underestimating the risk that the U.S. protectionist policies are going to lead to trade wars, that the restrictions on immigration are going to slow down labor supply, and that micromanaging the corporate sector is going to be negative.'"

Excerpt from CGTN -- "I don't think poverty is that bad in Germany, by international standards they are close to the average of the European Union. So they are not in a desperate situation but definitely they can do better. I think the welcomed news here is that growth is going well in Germany. This was a danger because Germany didn't do a stimulus package like the United States for the recession that just preceded us."

Excerpt from Bloomberg -- "Dodd-Frank is very inefficient in some ways. But the Choice Act, which is the proposed replacement for Dodd-Frank, would actually make the system less safe. So if I had to choose, even if I don't like the inefficiency, I'd prefer safety."

Excerpt from Business Day -- "A frequently used metric is the SRISK, a measure of systemic risk used by Nobel laureate Robert Engle and his associates from the New York University’s Stern School of Business. At the firm level, SRISK is the expected capital shortfall — the amount it would cost to bail out the institution to maintain stability in the markets — that is associated with the collapse of the institution under stressed market conditions. This measure is a function of the size of the firm; the extent to which debt is used to finance activity. Equity losses would be expected to be incurred in the long term when the system is under distress."

Excerpt from Bloomberg -- "The European Union just reaffirmed its commitment not only to globalization, but to the multilateral approach. I think it's multilateralism vs. bilateralism that's going to be the area of possible disagreement."

Excerpt from The Guardian -- "'It’s been happening for a couple of years. It’s not as easy to raise capital and VCs are demanding better terms,' added Aswath Damodaran, a professor of finance at the Stern School of Business."

Excerpt from Quartz -- "'I’d imagine that the feature "I am re-purposing an under-utilised asset to make a little extra money" is more prevalent in the US and Western Europe than it is in South America or Asia. Part of this has to do with the fact that the labour arbitrage opportunity in Asia and South America is less,' Sundararajan, author of The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism, said."

Excerpt from Marketplace -- "... They've got some blemishes. They may have delayed repayment in the past."

Excerpt from The New York Times -- "To the average person, this raw material is undetectable noise. But for organizations that know how to identify signals, there’s immense value in refining what has become an unlimited supply."

Excerpt from The Outline -- "'How do you really control these systems that you don’t really fully understand?' Dhar said. 'One of the consequences of this change that has occurred in AI is that you now have a machine that has learned how to learn, which historically has been the purview of human beings. The machines can now learn stuff autonomously, and you have no idea whether it’s learning desirable things or undesirable things.'"

Excerpt from The Guardian -- "'Environmental stewardship and sustainability are going to be big issues of contention,' said Irv Schenkler, clinical professor of management communication at New York University’s Stern School of Business. 'Many large corporations have committed themselves to alternative energy, but the outlook is that the new administration is going to take a very different tack in this regard.'"

Excerpt from Thomson Reuters Accelus -- "'In the end, one has to evaluate the CHOICE Act by asking whether the future of the financial system would be safe and more stable under it or with Dodd-Frank -- even in its current form,' said Professor Kermit Schoenholtz, one of the editors. 'We think the CHOICE Act would increase the riskiness of our financial system.'"

Excerpt from Marketplace -- "I think that this will hit Uber drivers hard, because as you know if you've been in an Uber in London, New York or LA, significant fractions of these drivers are recent immigrants, who may be challenged by an English-language writing test ... In many ways this is one of the professions where a complete absence of communication between the service provider and the service receiver is theoretically possible."

Excerpt from Seeking Alpha -- "Even the S&P 500, which is weighted by market value and is not rebalanced, undergoes 20 to 25 changes in an average year as companies are added to and removed from the index, according to a study by Jeffrey Wurgler, a professor at NYU Stern School of Business."

Excerpt from Bloomberg -- "We are seeing wage inflation begin to pick up. We're seeing actual inflation rise a bit. I think that's why the Fed is going to be tightening because they're now confident that inflation will rise to their target."

Excerpt from CNNMoney -- "Trump has already argued that Dodd-Frank is holding back the American economy, even though data show that business lending and bank profits have never been higher. 'You can't get deregulation done unless you've got people in place. You can't just wipe regulations off the books. You need to do that in a formal fashion,' said NYU Stern professor Lawrence White."

Excerpt from NPR -- "'Ten years ago, before the iPad and iPhone were mainstream, the average person had an attention span of about 12 seconds,' Alter tells Fresh Air's Dave Davies. Now, he says, 'research suggests that there's been a drop from 12 to eight seconds ... shorter than the attention of the average goldfish, which is nine seconds.'"

Excerpt from Bloomberg -- "The jobs that are lost to automation aren't coming back. I think seven out of eight jobs that we lost in manufacturing over the last 15 years were lost to automation, and maybe one was lost to China out of eight. It's a pretty significant force to contend with. The model of making a living in the future is going to be capital ownership. You own your own tiny business that you use to generate revenue, perhaps using some AI technology."

Excerpt from Reuters -- "Roy Smith, professor of finance at New York University's Stern School of Business, and a former partner at Goldman Sachs, notes the new environment may require greater independence for those guarding large institutions. 'Maybe we need to make these guys a little bit more independent, particularly if they are challenging more than market risk,' says Smith."

Excerpt from TODAY.com -- "There will be certain high-end niches, but for the most part, and also it becomes a complicated conversation because there is an American manufacturing index - what car is the most manufactured car in the US? And the winner? The Toyota Camry. So what it means to be made in America is now taking on new meaning."

Excerpt from the Financial Times -- "Browsing Twitter this week, I came across an interview with Adam Alter, a New York University social psychologist. His book, Irresistible, details the addictive qualities of smartphones, social networks and other digital technologies. And while I once may have read the fleeting tweet and forgotten about it, instead I clicked a button on my web browser to save the story for later."

Excerpt from The New York Times -- "Used within reasonable limits, of course, these devices also offer us new graces. But we are not using them within reasonable limits. They are the masters; we are not. They are built to addict us, as the social psychologist Adam Alter’s new book 'Irresistible' points out — and to madden us, distract us, arouse us and deceive us."

Excerpt from The New York Times -- "'When something becomes a religion, we don’t choose the actions that are most likely to solve the problem,' said Haidt, the author of the 2012 best seller 'The Righteous Mind' and a professor at New York University. 'We do the things that are the most ritually satisfying.'"