Experience Stern | News & Events

Excerpt from Economic Times -- "Well, there is no question that the global economy is now in a financial crisis, perhaps unprecedented in its type and quite different than the one in 2008-2009. The extent of this crisis and how long it will last is very much related to the virus and its continued devastation to the global economy. Early indications are that in terms of bankruptcies, defaults, credit issues, this year will perhaps be a record-breaking one."

Excerpt from Business Insider -- "COVID-19 has presented an opportunity to envision our lives when turned upside down, powder redistributed. We can start over. We hoard relationships and the accoutrements of a life others have fashioned for us. We often don't know any better, or don't have the confidence to draw outside the lines until we're older."

Excerpt from U.S. News -- "Adds Acharya: 'It's possible this may not just be [a] phenomenon of three months.' Indeed, new estimates from the European Commission predicted the EU economy could shrink by 7.4% this year, compared to previous predictions of 1.2% growth."

Excerpt from BBC -- "He warned of 'unprecedented' recession. Professor Roubini foresaw the financial crisis in 2008 before many others. 'During the global financial crisis it took about three years until output fell sharply' he told the BBC's Talking Asia programme from his home in New York."

Excerpt from Adweek -- "Additionally, Allen Adamson, founder of marketing firm Metaforce and adjunct professor at New York University’s Stern School of Business, said acquisitions are sometimes used as catalysts to “get your own people to move faster” and the internal competition between Walmart and Jet staffers could have forced each team to work harder."

Excerpt from Quartz -- “'It’s a phase in the evolution of ride hailing that we expected to see at some point, where [ride-hailing companies] would rely less on aggressive discounting and prices would go up,' says Arun Sundararajan, a professor at New York University’s Stern School of Business who focuses on the sharing economy. 'We would have reached a point where prices were in line with what people are willing to pay for a higher quality product—we’re just reaching that point faster.'"

Excerpt from The New York Times -- "The opposition among conservative Republicans to the lockdown — designed to protect American from contact with the coronavirus — presents an interesting corollary to the moral foundations theory developed by Jonathan Haidt of N.Y.U. and Jesse Graham of the University of Utah. In essence, the theory posits that conservatives are more preoccupied with notions of purity and disgust than liberals."

Excerpt from Salt Lake Tribune -- "The first observation is they moved to something called ‘stay-at-home stocks,’ said Haran Segram, a clinical assistant professor of finance at New York University’s Stern School of Business. Segram, who teaches a course in the valuation of stocks, defines that term as companies consumers will keep using or use more often while social isolating."

Excerpt from Marketing Dive -- "'That kind of public statement is rare, but it does happen when you have somebody who has strong moral convictions, sees things going wrong and knows that, in their position, they can make a fuss about it,' Tensie Whelan, director of the NYU Stern Center for Sustainable Business, said in a phone interview."

Excerpt from Retail Dive -- "'With a few years of experience in buying online and several painful experiences of having to return the product, consumers realize that e-commerce is not a guarantee of seamless shopping,' said Thomai Serdari, a marketing and branding professor at New York University's Stern School of Business, and author of the forthcoming book 'Rethinking Luxury Fashion: The Role of Cultural Intelligence in Creative Strategy.'"

Excerpt from Global Finance Magazine -- "Viral V. Acharya, C.V. Starr Professor of Economics at New York University’s Stern School of Business and a former deputy governor of the Reserve Bank of India, speaks with Global Finance about the fallout of the coronavirus epidemic."

Excerpt from Newsy -- "'The platforms are taking the initiative and being more aggressive generally in how they approach the coronavirus crisis,' said Paul Barrett, deputy director of New York University's Stern Center for Business and Human Rights and author of several studies on disinformation. 'I think there's a lot of evidence of a lot of goodwill and a lot of energy being invested here, but they can't get everything.'"

Excerpt from Newsweek -- "This pandemic is a watershed event for America. How we collectively manage the coming months will determine whether we will further polarize along generational lines or emerge a truly multi-generational society. Let's choose the latter. #InThisTogether"

Excerpt from China Daily -- "Michael Spence, professor of economics at New York University’s Stern School of Business and a Nobel Prize winner for economics, said there would have to be substantial input from China if the system was to be reformed. 'If it happens, China will have to play a major role. If China is left out, it won’t work — just like if the US or Europe were not there,' he said."

Excerpt from The Economist -- "Edward Altman of nyu Stern Business School reckons that about 8% of all firms whose debt is rated speculative grade (about 1,900 in all) will default in the next 12 months. This figure could reach 20% over two years. He expects at least 165 large firms, those with more than $100m in liabilities, to go bankrupt by the end of 2020."

Excerpt from Yahoo Finance -- "The problem, according to those who study it, is that misinformation on Instagram often takes the form of memes and other images that are harder for the company’s systems to detect and can be more difficult for the company’s human reviewers to parse. And while Instagram is building out new systems to address this, images can be a much more effective conduit for bad actors, says Paul Barrett, the deputy director of NYU's Stern Center for Business and Human Rights."

Excerpt from Pix11 -- “'I think you can look at Amazon as an indication of the future,' said Allen Adamson, NYU Stern School of Business. 'They were selling books online and book sellers didn’t taken the seriously… People looked at Peloton as a niche and it’s going to become far more mainstream preeminently after this event.'”

Excerpt from The New York Times -- "The first of these two estimates is from a working paper by Arpit Gupta and Joshua Coven of New York University, who used smartphone location data to measure disparities and mobility patterns among New York City residents from March 2 to March 27."

Excerpt from VoxEU -- "In the wake of the COVID-19 crisis, governments around the world have raced to buttress their economies (Baldwin and di Mauro 2020). National venture capital sectors have not been exempted: Canada, France, Germany, the UK, and many other nations have committed billions of dollars to shore up venture firms and the companies they fund."

Excerpt from Newsday -- “'Producers and productions crews are used to trouble shooting so I think they’re going to come up with various workarounds which is kind of how they’re wired,' said New York University professor Paul Hardart, director of the entertainment, media and technology program at the university’s Stern business school."

Excerpt from Yahoo Finance -- "Other people, now facing an increased reliance on technology, such as virtual meetings and online shopping, could be looking for something that feels real, said Tom Meyvis, professor of marketing at New York University."

Excerpt from Abacus -- "Nouriel Roubini, a professor of economics at New York University's Stern School of Business, said the main problem, however, with the potential success of central bank digital currencies would be that they could disrupt the current system of traditional banking business of taking deposits to use the funds to extend loans."

Excerpt from InvestorPlace -- "Stern Business School management professor Melissa A. Schilling points out: 'As a professional manager, Mr Pichai will inevitably strike a more cautious stance than Google’s founders … We’re likely to see more risk aversion, and a move to make the company more ordinary.'”

Excerpt from Pix11 -- "However, smaller companies that just do home cleaning in a given neighborhood do not have the option to simply move around their workforces. NYU Stern School of Business Economist Joseph Foudy is not so sure the commercial business will make up for loss of home cleaning revenue, especially with all the offices and schools closed during the lockdown."