Experience Stern | News & Events

Excerpt from CNBC -- “'Science shows there is an arc to happiness. Specifically, it looks like a smile,' Galloway previously told CNBC Make It. 'So, your younger years, your childhood, your teens, your college years [and] young adulthood are the stuff of college football games, time with friends, sexual exploration, experimentation — a lot of great stuff. And, you’re taught that the world is yours for the taking and you believe it,' he said."

Excerpt from The Hill -- "But the rise of delivery services doesn’t need to be at the expense of restaurants, said Arun Sundararajan, professor at New York University Stern School of Business. 'A number of restaurants are going out of business. If you think about things through that lens, the restaurants that survive are likely to be the ones who were either doing a lot of deliveries through these platforms or turned to this channel and used it well,' he said."

Excerpt from CMS Wire -- "Last week during the MIT Sloan Disruption 2020 event, Amy Webb shared her view into the new normal and how it will disrupt business going forward. Webb was candid: 'Would I have known that a coronavirus at this point in time would have caused this amount of disruption — the answer is no. There is no way to build that kind of a model. However, should pandemics have been in someone’s strategic plan? The answer is yes.'"

Excerpt from MarketWatch -- "The huge Chinese market is just 'so alluring' to investors that they can’t turn down a chance to get a piece of it, even with the obvious high risks, said Paul Zarowin, a professor of accounting at the Stern School of Business at New York University. 'It’s an enormous market, [and] everybody wants a piece.'”

Excerpt from Marketing Dive -- "'We've seen that you can stop pollution on a dime, you can clear up the skies overnight,' Tensie Whelan, director of the NYU Stern Center for Sustainable Business, told Marketing Dive in a phone interview. 'You can actually pour an enormous amount of money at a problem in ways that everybody's told us we can't.'"

Excerpt from Pix11 -- "Paul Hardart with NYU’s Stern School of Business said smaller institutions without big endowments or fundraising bases will be particularly hard hit. 'When the revenue stops, the cost does not stop,' he said. 'There’s mortgages and taxes and upkeep. The challenge is the cost has remained and the revenue has disappeared.'"

Excerpt from The Hour News -- “'Until we come out of this economic decline, there’s going to be less need for investment banking,' said Lawrence J. White, an economics professor at New York University. 'I think the net effect is going to be adverse to UBS here in in the United States.'”

Excerpt from Reuters -- "Former Bank of England governor Mervyn King said he also supported an extension of the scheme. 'I hope that (Sunak) will extend these support schemes today to give businesses some comfort, needed comfort, over the next few months,' King told BBC radio."

Excerpt from Pix11 -- "Unfortunately for Tanriverdi, economists like Nicholas Economides of NYU’s Stern School of Business, say personal service providers might be some of the last businesses that’ll open back up. 'The rational thing is to open factories where people can be far apart,' Economides said. 'Then go to industries with closer contact.'”

Excerpt from Pix11 -- "'At least over the next six to 12 months I would not be surprised to see 50% of workforce cut,' said NYU Stern’s School of Business Arun Sundararajan. In recent years, New York City welcomed about 65 million visitors for business and tourism each year. Sundararajan said people will likely make different choices in the years ahead."

Excerpt from City Journal -- "NYU economist Thomas Philippon’s 2019 book, The Great Reversal: How America Gave Up on Free Markets, was motivated by his observation that European economies have advanced past the U.S. in—as his primary example—'home Internet access.' Citing a survey indicating that U.S. households paid about $66 a month for residential broadband while German households paid just $36, he asks, 'How did the U.S. . . . become such a laggard?'”

Excerpt from The New York Times -- “'The quality of care declines after the private equity buyout, which seems to reflect staffing cuts,' said one of the report’s authors, Sabrina T. Howell, assistant professor of finance at New York University’s Stern School of Business."

Excerpt from Pix11 -- "PIX11 News asked NYU Stern School of Business’s Hans Taparia if working through these conditions would give them more leverage moving forward. 'I think the social justice efforts will pick up steam,” Taparia said. “But the corporation is getting more powerful… and with large unemployment the leverage shifts to the corporation.'”

Excerpt from Medium -- "According to Prof. Henry Assael of NYU, most consumer purchase decisions can be summarised as complex buying decisions, dissonance buying decisions, variety seeking decisions or habitual buying decisions."

Excerpt from Adweek -- "The Times, like other publishers, has seen an uptick in traffic to its coronavirus coverage. Also like other publishers, the Times has made a substantial amount of that coverage (including a live blog) available for free. It’s a way for the media organization to put its journalism front and center for a potentially new audience, said Paul Hardart, clinical professor of marketing at NYU Stern School of Business."

Excerpt from Retail Dive -- "The label 'had a major cultural moment' after Mickey Drexler arrived from Gap in 2003 to become CEO, and later promoted Jenna Lyons to lead its creative team, according to 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 WalletHub -- "Free balance transfers have been around for decades. Specific cards offer them a specific promotion at various times. I expect that they will continue to be offered but not continuously by the same card for a long time."

Excerpt from Business Insider -- "Galloway predicts that Amazon will be the fastest-growing healthcare company in the world by 2025. It's no accident, he says, that the company is investing a lot of money in better COVID-19 testing."

Excerpt from BNN Bloomberg -- "Famed economist Nouriel Roubini, who predicted the 2008 financial crisis, is calling for a global depression in the middle of the decade. In an interview with BNN Bloomberg's Amanda Lang Tuesday, the author and New York University economist says the most likely economic scenario 'is that of a "U-shaped recovery' and 'there is also a risk of an L, what I call a greater depression, that's my baseline for the rest of the decade, but not this year.'"

Excerpt from Pix11 -- "Priya Raghubir with NYU’s Stern School of Business expects mandatory mask, gloves and maybe even temperature checks to be a standard part of air travel going forward. She expects some resistance at first, similar to the changes made after 9/11. 'Everyone had to be told many times take off your shoes, take off your belts, take out your change, take out your phone,' Raghubir she said. 'People eventually get used to it.'

Excerpt from WSBT -- "According to Deepak Hegde, an associate professor of management at New York University's Stern School of Business, there is a long term issue at play: weakening links between employers and employees could put the American economy in a weak position when the global economy restarts. 'Those other economies will be able to get started, restarted very soon and get launched where as we might fall behind as our companies struggle to replace and retrain all the employees that they have fired off in the short run,' Hegde said."

Excerpt from CNN -- "Her influence led to both sold-out stock and stock market boosts: In a 2010 study, New York University professor David Yermack found that J. Crew's stock increased 25% after Obama wore J.Crew on "The Tonight Show" in October 2008."

Excerpt from Forbes -- "As NYU moral psychology professor Jonathan Haidt and his co-author Greg Lukianoff put it, 'A culture that allows the concept of ‘safety’ to creep so far that it equates emotional discomfort with physical danger is a culture that encourages people to systematically protect one another from the very experiences embedded in everyday life that they need in order to become strong and healthy.'”

Excerpt from Medium -- "The closure of borders hit the U.S. with almost immediate effect and lasted for four decades: a 68% plunge in U.S. patents in the fields where the blocked immigrants worked, including electrochemistry, fluid dynamics, and mathematical analysis, according to a recent paper co-authored by Petra Moser, a professor at New York University. The innovation drought continued through 1965 when the Johnson administration’s Immigration Act reopened the country."

Excerpt from The Economist -- "But any evidence of lasting damage to the brand would be slow to emerge, points out Tom Meyvis, a professor of marketing at the Stern School of Business, at New York University. Market research amid a lockdown is unreliable, as is purchasing behaviour during a global recession."