Experience Stern | News & Events

Excerpt from TheStreet.com -- "The main thing is to think carefully about the political, cultural and economic hurdles that you'll face in every market, and then adapt your business model to those environments."

Excerpt from The Guardian -- "The economist Paul Romer, whose work in the 1990s shaped our understanding of infocapitalism, defined information as 'instructions for making things.' Because these instructions are reproducible using minute amounts of labour, energy and mass, and not used up in the process of production, Romer concluded they would end up either very cheap or free."

Excerpt from Financial News -- "This year, both parties have been greatly shaken up by populists of the sort that never would have impressed voters in the past. Both Trump and Bernie Sanders, the lifelong socialist seeking the Democratic nomination, are enjoying surprising success because they have tapped into deep-seated anger and frustration of blue collar workers whose real incomes have been stagnant since the 1970s and whose economic future seems bleak and beyond their own control."

Excerpt from Project Syndicate -- "... the principal unaddressed problem affecting China’s financial system is the pervasiveness of state control and ownership, and the implicit guarantees that pervade asset markets. This leads to misallocation of capital (with small and medium-size private enterprises struggling the most) and the mispricing of risk, while contributing to a lax credit culture. The absence of credit discipline is particularly problematic when combined with highly accommodative monetary policy, because it can artificially keep zombie companies afloat."

Excerpt from The New York Times -- "As [Baumol] points out, no matter how fast our computers become or how many people worldwide plug into broadband-Internet access, it will still take roughly 30 minutes for four human beings to play Mozart’s String Quartet No. 14. If your business is playing string quartets for live audiences, there’s a fundamental limit to how much more productive, in raw economic terms, your work can become."

Excerpt from The Economist -- "Even with a perfect transport plan, Manila would probably have a problem. The population of the entire capital area rose from 18m to 23m between 2000 and 2010. It is dense: Shlomo Angel of New York University, who measures cities, estimates that it crammed 274 people into each hectare a decade ago, compared with 64 per hectare in Paris—and Manila will have got only more squashed since."

Excerpt from The Chronicle of Higher Education -- "Well before the events of the fall, this group produced a body of work that underlies the narrative that academe suffers from a leftist ideological uniformity that conflicts with free speech. The New York University psychologist Jonathan Haidt is a key figure here. Haidt’s article in The Atlantic, 'The Coddling of the American Mind,' written with Greg Lukianoff of the Foundation for Individual Rights in Education, was the most prominent summation of this view."

Excerpt from the Los Angeles Daily News -- "Technology and globalization, particularly jobs going overseas, have created the highest gap in income equality in more than 30 years, according to a graph he presented. As artificial intelligence increases, the middle class will get pushed to one end of the spectrum, either up to top income earners, or more likely, down to its lowest, Spence said."

Excerpt from Forbes -- "If ever there were a case of coals to Newcastle it must be the announcement by the U.S.-based coffee shop chain Starbucks that it intends to set up in Italy next year. Chief executive Howard Schultz reportedly describes the move as the fulfilment of a 30-year dream. If it in fact turns out to be a nightmare Schultz will at least have the consolation of knowing he was not alone in mis-reading the market. Indeed, a book just out by Robert Salomon, globalization expert at New York University’s Stern School of Business, describes how often companies from all over the world come unstuck by ill-judged expansion into territories they do not understand as well as they think they do."

Excerpt from Bloomberg -- "Shares of companies making cash-and-stock acquisitions typically decline after a deal is announced, said Menachem Brenner, a finance professor at New York University'™s Stern School of Business."

Excerpt from The New York Times -- "Irving Schenkler, a professor and crisis management expert at New York University, said there have been few parallels in history. 'It’s unprecedented in terms of the cross-national scope of it, the degree of the problems,' he said. 'There are so many different fronts.'"

Excerpt from Marketplace -- "Scott Galloway, a marketing professor at the Stern School of Business at NYU, said it's clear what Uber needs to do in response: First, acknowledge what happened. Second, make sure it's the company's top person, the CEO, who publicly addresses the issues. 'The third is you have to over-correct,' Galloway said, 'They have to announce immediately a serious of additional screening tools that they're implementing.'"

Excerpt from Bloomberg -- "I think that most companies look to global markets and they think that they're incredibly exciting. And they are; there's a lot of growth around the world, at least up until recently in emerging markets. There's a lot of growth in the world and companies want to tap into that. But the problem is that they often overlook the challenges that exist in those markets. And those are, principally, three challenges: cultural challenges, political challenges and economic challenges that they'll face in those markets."

Excerpt from TIME -- "A vote to leave would force the British government to renegotiate trade and investment relationships with other E.U. members. Over time, Britain might secure access to E.U. markets for its goods on fairly favorable terms, but European leaders would make the process as arduous and painful as possible to discourage other E.U. states from threatening exit to win concessions. Two years of negotiations–at least–would generate enough uncertainty to create serious problems for Britain’s growth and investment outlook."

Excerpt from China Radio International -- "I think the government is trying to efficiently use the land but through this great experiment. Remember, it's just an experiment. Number one, we know it's very difficult to change people's eating habits. And secondly, all these reasons that have been given here is, 'Well, it's more scientific,' and so on a so forth, 'use less water.' And it did not mention the economic side of it."

Excerpt from Ethical Systems -- "My work at the NYU Center for Business and Human Rights focuses on just that-- the role of business in human rights. I am currently most interested in new forms of global governance mechanisms for human rights, such as multi-stakeholder initiatives, the organizational challenges of implementing the corporate commitment to human rights, and questions about the legitimacy of emerging private governance schemes for human rights."

Excerpt from Marketplace -- "Companies that figure out how to make such same-day services work, could cash in on a growing area of e-commerce: local shopping. That's according to Arun Sundararajan of New York University's business school. 'The company that controls that interface, and has the logistics locally to be able to fulfill local retail on demand, could be potentially sitting on a massive market,' Sundararajan said."

Excerpt from NPR -- "'The money you put into a hedge fund is not guaranteed at all by anybody, and if you're worried that your hedge fund is going to start losing money, you may start pulling that money out,' White says. While hedge funds and money market funds are usually too small to cause systemic problems for the economy, large bank holding companies are another story: Many of them engage in shadow banking through their less-regulated subsidiaries."

Excerpt from The New York Times -- "Emily Ekins, director of polling at the Cato Institute, and Jonathan Haidt, a professor at New York University’s Stern School of Business, examined the results of a November 2015 You.gov survey of 2,000 respondents and summarized their findings in a smart Vox essay."

Excerpt from Forbes -- "Material ConneXion is a resource worth knowing about, as a potentially important partner in product design, interior design, and creative development processes."

Excerpt from 33 Voices -- "Globalization is pretty exciting. Whenever people think about globalization, they tend to think about the world becoming smaller. That everybody is becoming more similar. Goods are traveling across countries. Goods, not just 'goods' but ideas, people, things flowing across borders that lead to a higher and better understanding amongst people that lead to greater prosperity for people. And even can help lift people out of poverty. And there are a lot of exciting things about globalization. But I think in all the excitement about it, people often overlook how challenging and how difficult it is to conduct business across country borders."

Excerpt from CFA Institute blog -- "I believe a bubble is building in the credit market today. A bubble is defined as unsustainable prices in an asset class. Most fixed-income products’ prices are limited on the upside to par, so bubble in fixed income is defined by default rate. High yield is my vantage point. A bubble is building when [the] default rate goes above [the] historical average. It will burst when a two standard deviation year — i.e., a greater than 10% default rate — happens. It has happened five times since 1990, far higher than the two times implied by a normal distribution."

Excerpt from Quartz -- "'When there’s a group of contractors who say, 'I want a different model' … they’re not asking for the model of full-time employment, they’re asking for the nice things that come with it,' said Arun Sundararajan, a professor at New York University’s Stern School of Business."

Excerpt from Luxury Daily -- "'What Chanel is, in other words, is a well-defined brand,' [Serdari] said. 'This is extremely important, not only in the context of the previous 13 chapters that spoke to individual elements of Chanel’s mythology and heritage, but most importantly in the context of today’s fashion world and the challenges a lot of fashion brands face as they try to preserve their heritage while also move into the future.'"