Experience Stern | News & Events

Excerpt from Xinhua -- "It is conceivable that the Trump administration could throw the global economy into recession. Not necessarily. I'm not even predicting it myself. But it is a possibility."

Excerpt from WIRED -- "Sundararajan, whose work focuses on the on-demand economy, expects to see tax policies friendly to small businesses, including people who set themselves up as 'businesses of one.' On the other hand, Trump’s pledge to repeal the Affordable Care Act would be hugely damaging to gig economy workers. As independent contractors, they don’t get paid time off, workers’ compensation, or health insurance through the companies they gig for, such as Uber. If the ACA is dismantled, they may need to seek full-time jobs that offer health benefits, which could hurt the companies that rely on their labor."

Excerpt from The Hollywood Reporter -- "'It seems obvious that as a former fashion model, Mrs. Trump may have a large impact on the apparel industry,' said David Yermack, professor of finance at New York University’s Stern School of Business, who studied Michelle Obama’s impact on the fashion industry and found that for 189 public appearances the first lady made between November 2008 and December 2009, she generated about $2.7 billion in value for the brands she wore, including U.S. labels J. Crew and Liz Claiborne, and European labels, too."

Excerpt from BusinessBecause -- "NYU Stern was a great launch-pad. We partook in and won a business plan competition which gave us a crash-course in starting up the company. And there’s a startup incubator at the school, where we were super-focused on figuring out our first target market."

Excerpt from the Financial Times -- "I think the one box where the Trump effect could be significant is what he said about trade. Because to the extent that he stands behind his words, and that's always with a caveat that all politicians say things when they are getting elected that they might not carry through, he's signaled the intent to not just not sign new trade contracts and trade agreements but also revisit old ones. And this is like game theory, which is if you go back and decide that you're not going to do something in the trade arena, there are going to be people 'oh you put up tariffs against certain countries, there are going to be others,' you could potentially set off a trade war. And that is not good news for anybody involved."

Excerpt from Crowdfund Insider -- "On Wednesday, New York University’s Stern School Business held its inaugural Fintech Conference. The event addressed critical issues in the fintech industry, which included regulations to public policy, equity crowdfunding, marketplace investing, and blockchain technology. Dan Schulman, president and CEO of PayPal, was the keynote speaker."

Excerpt from Ethisphere -- "Sustainability for business is a journey, so we are all learning along the way. This is about redesign. It's hard to say that any business is fully sustainable right now. But the way that I would define it is a sustainable business at minimum is having no negative impact on material, environmental, social and governance factors in its business."

Excerpt from NBC News -- "'Mr. Trump claims he's going to bring jobs back to America. That would seem to favor companies like steel companies, coal, maybe there are a few sectors where companies might benefit from the restraints on trade. But as a general matter, big companies are unlikely to be benefiting from the Trump agenda,' White said, because of their international exposure and global supply chains. 'To go back to the 1950s would be a wrenching experience.'"

Excerpt from Yahoo Finance -- "'The way you make money is by broadening the marketplace, so the interest of these companies is to broaden the marketplace as much as possible. But to renegotiate a trade deal could start a trade war that could reduce the size of the market,' Clementi explained."

Excerpt from The Wall Street Journal -- "'Realizing that, the rational thing to do is to settle,' said Nicholas Economides, an economics professor at New York University Stern School of Business."

Excerpt from The Washington Post -- "'He’s built this enormously resonant brand with what I’ll affectionately call angry white males. It’s not only a big market, but it appears to be growing,' said Scott Galloway, a professor of marketing who teaches brand strategy at New York University, on Tuesday. 'But his current product offering caters to affluent, fortunate and relatively happy people. And as a general rule, the affluent are mildly horrified by the current trajectory of the Trump brand.'"

Excerpt from the Harvard Business Review -- "...for Mexico’s long-term economy, the question of who will be the next U.S. president was never pivotal. To judge Mexico’s economic future, you might want to pay closer attention to the Mexican Hass avocado and less attention to the price of the peso."

Excerpt from The Wall Street Journal -- "Businesses face similar challenges in asking the right questions and collecting accurate data. The human tendency to rely on data that reinforces what is already known can inhibit organizations from making sound strategic decisions, said Vasant Dhar, a professor at New York University’s Stern School of Business and the NYU Center for Data Science."

Excerpt from the Financial Times -- "For example, one recent study (by Katherine Milkman, Modupe Akinola and Dolly Chugh) sent 6,500 emails to professors from a fictional student, requesting a 10-minute meeting to discuss applying to a doctoral programme. The emails were all identical except for the race or gender of the imaginary applicant. Generally, emails from white men were more likely to receive a response. But this was true for almost all subjects -- economics was not particularly blameworthy."

Excerpt from Bloomberg -- "'Postponement of debt restructuring and the possibility of a new -- fourth -- program would be huge political blows to the government, and they can lead to early elections,' Nicholas Economides, professor of economics at Stern School of Business, New York University, said."

Excerpt from WIRED -- "New York University management professor Anindya Ghose suggests that the best way forward might be for a large company to acquire Twitter and then sell shares to a new co-op, creating a sort of hybrid model."

Excerpt from Barron's -- "In this provocative book that should cause investors to rethink their assumptions, Baruch Lev and Feng Gu indict the accounting rules that are supposed to give the financial data meaning."

Excerpt from Bloomberg -- "'If we could be running it much closer to full capacity, all of the shortages, bottlenecks and constraints' would surface, Romer said in an interview Thursday in Washington."

Excerpt from The Atlantic -- "Missing from growth are many things: health, distributional aspects of growth patterns, sense of security, freedoms of various kinds, leisure broadly defined, and more."

Excerpt from Bloomberg -- "The volatility is pretty low right now. We see how it moves up every now and then. I see the vixes going up relative to air volatility measures, which means, I think it's got something that thinks it's worried about in the future, and I suppose that's the election next week."

Excerpt from TED blog -- "'Both sides are right about something,' Haidt says. 'There are a lot of problems in the country, but neither side is capable of seeing them all.'"

Excerpt from the Financial Times -- “'He was very involved with the big banks during his Atlantic City days, but none of that worked out well for the banks,' says Roy Smith, a former Goldman Sachs partner who is a professor at the New York University Stern School of Business. 'I don’t know anyone in a top position at a major publicly traded financial firm who is for him.'"

Excerpt from Bloomberg -- "Arun Sundararajan, professor at New York University’s Stern School of Business and author of 'The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism,' makes the point with a few specific examples: There are 80 million power drills in the U.S. and on average each is used just 13 minutes during its lifetime; there are 250 million cars in the country and most do nothing more than take up parking spaces or fill garages; millions of dwellings have spare rooms that sit empty; unworn clothing fills closets."