Experience Stern | News & Events

Excerpt from Project Syndicate -- "First, some of these conflicts may yet lead to an actual supply disruption, as in 1973, 1979, and 1990. Second, civil wars that turn millions of people into refugees will destabilize Europe economically and socially, which is bound to hit the global economy hard. And the economies and societies of frontline states like Lebanon, Jordan, and Turkey, already under severe stress from absorbing millions of such refugees, face even greater risks."

Excerpt from The Washington Post -- "'Amazon, Google, Facebook and Apple are all bumping up against each other as their businesses are becoming more and more similar,' said Scott Galloway, a professor who teaches marketing and branding at New York University's Stern School of Business. He noted that Amazon's move is not the first barb these firms have thrown at each other; Apple's move to block ads on its phones, for example, was seen as a way to undercut Google's advertising business."

Excerpt from The Huffington Post -- "Bitcoin has prompted many people to expect a revolution in the means by which we make and settle everyday payments. Our view is that Bitcoin and other 'virtual currency schemes' (VCS) lack critical features of money, so their use is likely to remain very limited."

Excerpt from Exame -- "'Modi had a clear path to proceed with his agenda in Parliament,' says Indian economist Pankaj Ghemawat... 'Since President Dilma Rousseff is already in her second term and is currently very unpopular, she is not in a position to push a lot of policy changes.'"

Excerpt from CCTV -- "I don't think there was ever a Euro crisis in the sense of, the European, like a currency crisis. The Euro as a currency was always very stable. It has never moved very low against the Dollar. And I don't think it's going to, I think it's going to remain more or less where it is. There was a crisis of confidence within Europe about banks and some sovereign countries. But as a currency, I think the Euro has been stable and will remain stable."

Excerpt from NDTV -- "'Technologically-driven solutions fall short in addressing an issue that is inherently social in nature,' said one of the researchers Anindya Ghose from New York University Stern School of Business in the US. 'Instead of engaging in a technological rat race with extremists, we should consider incorporating critical literacies - including digital media, anti-racism and social justice - into school curricula as an alternative strategy,' Ghose noted."

Excerpt from Project Syndicate -- "The truth is that the Internet-led process of exploiting under-utilized resources – be they physical and financial capital or human capital and talent – is both unstoppable and accelerating."
 

Excerpt from TIME -- "In a talk earlier this year, Scott Galloway of research firm L2 explained why this is such a big deal for Nike. 'There is a tectonic shift taking place in apparel, the second-largest consumer category in the world. Essentially, people are moving from denim to sweatpants,' he said. 'It sounds minor but it’s a huge trend in a gigantic industry.'"

Excerpt from Forbes -- "'When a company is trying to reposition itself, for example from being a value brand to a more prestigious brand, this change must also get reflected in its packaging from being more basic to being fancier,' says NYU’s Raghubir. 'A great example is when Tropicana went the other route, of simplifying its package design, and there was a consumer backlash. Consumers do infer quality from the package.'"

Excerpt from Financial Times -- "'It isn’t like there were all these hugely profitable lending opportunities out there in the economy that banks didn’t take advantage of … the statement by banks that the reason they were not lending more is because there were no additional profitable lending opportunities appears to hold true, at least in the credit card market. We can see that in the data.'"

Excerpt from The Huffington Post -- "There is an increasing consensus on his specific point about ending the carried interest loophole...[Paul] Romer noted that this mood strikes American politics periodically, as it did under President Ronald Reagan, when Congress passed the Tax Reform Act of 1986. 'It could be that what’s emerging is a consensus from various parts of the political spectrum ... that the complexity and special treatment and special favors have just gotten to be too much,' he said."

Excerpt from The Economist -- "After credit dried up in America in 2008, the Federal Reserve scrabbled for ways to perk up spending. One trick it tried was to offer banks concessionary funding, hoping they would lend more to consumers and so induce Americans to open their wallets. An NBER working paper published this week by Sumit Agarwal of the National University of Singapore, Souphala Chomsisengphet of the Treasury Department, Neale Mahoney of the University of Chicago and Johannes Stroebel of New York University looks at data from hundreds of millions of credit cards from 2008 to 2014 to work out why the results were so disappointing."

Excerpt from Financial Times -- "The anonymity of cash helps to free people from their governments and some criminality is a price worth paying for liberty, as professors Stephen Cecchetti and Kermit Schoenholtz observe. It is better if the government creates trusted, anonymous notes and coins rather than some private agent."

Excerpt from The Washington Post -- "'This has tarnished a huge, iconic company, so it’s going to be a long and slow process to restore this company,' said Karen Brenner, a business professor who is executive director of law and business initiatives at New York University. 'The damage is only beginning to unfold.'"

Excerpt from BusinessBecause -- "Professor Thomaï Serdari, strategist in luxury marketing and branding at NYU Stern School of Business, said that there will be both new career and business opportunities as a result of luxury’s digital drive. 'We are experiencing a shift,' she said."

Excerpt from Stanford Political Journal -- "We have to push governments to behave better and to protect their people. On a parallel track, companies need to move away from a policing model where they conduct random spot-check audits of some of their factories.They do this as a kind of risk mitigation and sometimes as a public relations gesture to say ‘we’re doing something,’ and move to a more holistic look at how do we actually get at the problem."

Excerpt from Forbes -- "[Ghemawat's] message was that despite the fall in the Yuan, the Chinese stock market, and the labor rates in China, don’t count China out in the shifting power of world trade. In his presentation he contrasted world trade in 2013 and his forecast for world trade in 2040."

Excerpt from Politico -- "Households with the lowest FICO scores had the highest willingness to borrow. Despite lower-cost capital, banks were reluctant to lend to these potential borrowers. The authors estimate that a one percentage point reduction in the costs of funds for banks raises optimal credit limits by only $127 for consumers with low FICO scores. … A bank’s propensity to lend is negatively correlated with a household’s propensity to borrow (i.e., the more likely a household is to borrow, the less likely a bank is to grant additional credit)."

Excerpt from Investor Wired -- "The idea of a volatility index, and financial instruments based on such an index, was first developed and described by Prof. Menachem Brenner and Prof. Dan Galai in 1986. Professors Brenner and Galai published their research in the academic article 'New Financial Instruments for Hedging Changes in Volatility,' which appeared in the July/August 1989 issue of Financial Analysts Journal."

Excerpt from China Daily -- "'Didi Kuaidi has 80 percent of the market to dwarf Uber in China and remember, it's the biggest ride-sharing market in the world,' said Sundararajan."

Excerpt from CNN -- "[Tsipras is] attempting to make a government with one coalition partner, and extreme, right-wing party called Independent Greeks... Its main platform is to be against the deal with Europe, so it's a kind of paradox that Mr. Tsipras is making a government with a sworn enemy of that deal. And I think he would have been much stronger in negotiating with the Europeans if he had made a much more broad coalition of the pro-European forces into his government."

Excerpt from Bloomberg -- "I think people have been tired of the whole situation... Day after day, they are hearing bad news, and they had put all their hopes on Tsipras in January and he made a huge U-turn. So people are now disappointed, but the absence of a very good political alternative from the center right made Tsipras win."
 

Excerpt from Chicago Tribune -- "'Look at the symbolism,' Alter said, 'or how it sounds. Does it sound mellifluous or otherwise really appealing?' In other words, does it sound like the thing it represents?"

Excerpt from PayScale.com -- "Two psychologists, David Dunning and Justin Kruger have worked on cluelessness, finding among other things that incompetence is bliss, as well as numerous highly relevant business insights."

Excerpt from PBS NewsHour -- "No, capitalism is not the culprit [for poverty]. Capitalism, when it’s allowed to do its work, some of us would say work its magic, it has a tremendous ability to raise living levels for the people who live under that system. That doesn’t mean it’s perfect, but I think to sort of say that capitalism is the problem, let’s get rid of it, as the pope may be hinting, is to throw the baby out with the bathwater."