Experience Stern | News & Events

Excerpt from Bloomberg View -- "The estimate that cognitive function peaks at age 53 comes from a 2009 paper by Laibson, Sumit Agarwal, John C. Driscoll and Xavier Gabaix titled 'The Age of Reason: Financial Decisions over the Life Cycle and Implications for Regulation.' The four economists examined the fees and interest rates paid by thousands of borrowers in 10 different types of credit transactions, and found that, on average, such costs were minimized at age 53.3."

Excerpt from Business Times Singapore -- "A 2014 Time magazine article claimed that compared to Singapore, 'no other place on earth has so engineered itself to prosper from globalisation - and succeeded at it'. The DHL Global Connectedness Index, which we first released in 2011 and have since updated regularly, confirms the Lion City to be a leader on several aspects of globalisation, but also identifies gaps in Singapore's globality."

Excerpt from Project Syndicate -- "Only bold policies can halt Europe’s slide toward secular stagnation and nationalist populism. Timidity of the type witnessed in the past five years will only increase the risks. Failure to act decisively now will lead to the eventual failure of the peaceful, integrated, globalized, supra-national state that is the EU, and the rise of dystopian nationalist regimes."

Excerpt from Bloomberg -- "Lawrence White, an economics professor at New York University’s Stern School of Business, argues that sales to local buyers wouldn’t go far enough. The FTC will want a buyer that can replace the branded competition that Rite Aid is providing, possibly a large regional pharmacy with aspirations of going national, he said. 'It would have to be a viable party who could really take those multiple hundreds of stores and turn them into something that looks like Rite Aid,' said White. 'You’re losing the No. 3 player in an already pretty concentrated industry.'"

Excerpt from InsideSources -- "Nicholas Economides, an economics professor at NYU, was the only expert on hand to defend the regulations, which he said would bolster other areas of the Internet economy even if broadband investment declines. 'Network neutrality has facilitated businesses innovation 'at the edge of the Internet' without seeking approval from network operators,' Economides said. 'The decentralization of the Internet based on network neutrality fueled innovation resulting in big successes such as Google and Skype, as well as a myriad of smaller innovative companies.'"

Excerpt from The Verge -- "Ratings systems fall along a continuum. They can be used to establish trust between customers and workers, but they can also be a way to enforce standards of service, said Arun Sundararajan, a professor at NYU’s Stern School of Business who studies digital platforms. 'It’s not helping customers make better choices by giving more information, it’s having a mechanism that allows automated customer feedback to identify workers who are subpar.' The rating systems used by on-demand platforms all have a disciplinary element."

Excerpt from Bloomberg -- "Announcements by his predecessors 'have lacked credibility because they didn’t want to admit that they couldn’t make it in investment banking, or because cost-cutting in Europe is harder to do than elsewhere,' [Roy] Smith said. 'But a dividend holiday truly gets attention, and may set Cryan apart from the rest as a doer.'"

Excerpt from CNBC Africa -- "... if you look at the level of urbanization and the level of living standards, they track quite well across counties around the world. And Nigeria is right on trend. It's right in the middle of the trend, in fact. So for the level of urbanization that it has, its living standards are just about where you'd expect them to be."

Excerpt from The Hill -- "New York University professor Nicholas Economides, the only witness who supports the rules, said that the economic impact of the entire Internet marketplace, and not just Internet service providers, should be taken into account. Echoing analysis from the FCC, he noted that even if broadband investment declines because of the rules, different areas would see increases because of new protections."

Excerpt from eFinancialCareers -- "How safe are regulatory jobs? Credit Suisse suggests that banks are offshoring some of their regulatory jobs, but only at the junior end. 'Banks still need compliance and control skills,' says Roy Smith, a professor at NYU Stern and former partner at Goldman Sachs."

Excerpt from The Economic Times -- "'VCs are pricing these companies at very large numbers. This pricing reflects the expectation that disruption is coming to many Indian businesses, which have historically been poorly run, inefficient and splintered,' said Professor Aswath Damodaran of the Stern School of Business at New York University. 'Whether they are being overly optimistic in their assessments, only time will tell for the individual companies,' he added."

Excerpt from International Service for Human Rights -- "Going forward a new approach to supply chains is needed. It should be based on: 1. an industry specific, standards based approach; 2. an assessment of the range of serious risks across each end-to-end supply chain; 3. a new remedial model that shares the costs and commitments among public and private actors; and 4. engagement with human rights defenders, trade unionists and community representatives both in developing standards and monitoring implementation and compliance."

Excerpt from the Los Angeles Times -- "'If history is any guide, tech geeks are just as capable of greed and irrational exuberance as bankers are.' [Damodaran] valued Uber then at around $6 billion, but he has since brought his number up."

Excerpt from The Wall Street Journal -- "We believe that QE has redirected capital from the real domestic economy to financial assets at home and abroad. In this environment, it is hard to criticize companies that choose 'shareholder friendly' share buybacks over investment in a new factory. But public policy shouldn’t bias investments to paper assets over investments in the real economy."

Excerpt from The Hill -- "New York University professor Nicholas Economides will argue that the economic impact of the entire Internet marketplace, and not just Internet service providers, should be taken into account. He also says the drop in capital expenditures can largely be traced back to an AT&T plan announced before the rules were approved."

Excerpt from Fortune -- "'Best Buy is one of the most impressive turnarounds in retail over the last decade,' says Scott Galloway, marketing professor at NYU Stern and founder of brand-research firm L2. 'Three years ago the conventional wisdom was they were a carcass that had just been run over by Amazon.'"

Excerpt from Marketplace -- "Arun Sundararajan, a business professor at New York University, said there are also people who are working side jobs. 'People who are working part time on things, in their minds, they might not consider it a job,' he said."

Excerpt from Quartz -- "The thing [Jet.com] has going against it is simple: Amazon. What are they doing that Amazon can't replicate if and when this becomes a competitive threat to the Seattle-based behemoth?"

Excerpt from Bloomberg -- "Cities worldwide have grappled with how to regulate sharing-economy companies that operate outside existing rules, which didn’t anticipate these new business models, said Arun Sundararajan, a business professor at New York University. San Francisco is 'certainly not alone in recognizing that coming up with the right set of regulations, and coming up with the right division of responsibility between the government and the platform, is challenging,' he said."

Excerpt from Luxury Daily -- "'Video is paramount in promoting brand stories as much as it is in showcasing product. M2M content, 'the new face of fashion storytelling,' is thoughtfully designed around the customer’s wish to learn more about favorite brands, designers and fashion icons as well as to be immersed in experiences,' Ms. Serdari said. 'While we know that there has been substantial progress in technology that supports shoppable video, at the moment, M2M is more about contextualizing the work of designers as well as interpreting the identity of brands.'"

Excerpt from Financial Times -- "It is 25 years since Paul Romer published a seminal paper on the role of ideas and knowledge in the sustained growth in living standards. The core insight was that because ideas are 'non-rival' — one person’s use of an idea doesn’t leave any less over for others to use — discovery and innovation enables economies to achieve increasing returns to scale: producing more than one-for-one with the amount of inputs that go into the production process. That, in turn, is what makes it possible for material living standards — the amount we produce per capita — to grow continuously."

Excerpt from JoeGeni.com -- "What's amazing to me is that 14% of global employment is in manufacturing, and with the expansion of the global economy, jobs in these supply chains are incredibly important, particularly in poor places where investment from global companies has been transformative. I've done all this work on Bangladesh and the garment sector there. It's the second biggest garment sector in the world. It's incredibly important to Bangladesh's growth."

Excerpt from Fortune -- "'There’s nothing that one can think about Bernie Sanders that is going to be interpreted as a good thing from the perspective of the firms that are in or around the financial sector,' [White] says."

Excerpt from New York Magazine -- "Schweitzer and Galinsky point to a study by New York University psychologist Gavin Kilduff, who found that people tend to perform better when their rivals are present, as compared to their performance against random strangers."

Excerpt from New York Magazine -- "The theory, pioneered by NYU social psychologist Jonathan Haidt... argues that humans respond to five different sets of moral concerns."