Experience Stern | News & Events

Excerpt from Bloomberg -- "'Any deal right now is going to be hard for Greece,' Nicholas Economides, an economics professor at New York University’s Stern School of Business told Tom Keene and Michael McKee on Bloomberg Radio. 'Greece is a small country with a lot of imported stuff, a lot of tourism, a lot of exchanges of money. It’s very hard to work under these conditions. The economy has stalled.'"

Excerpt from Science Magazine -- "Romer had noticed that students in intro economics courses were blowing off homework assignments. And even when the students did do the problem sets, many faculty members couldn't provide much feedback because the classes were so large. Romer thought that technology could solve the problem. ... The software gives immediate feedback on wrong answers and allows students to participate in interactive group exercises that simulate market conditions—'it's like lab experiments in the natural sciences,' Romer explains."

Excerpt from The New York Times -- "There is already an emerging academic focus on applying modern digital technology to cities' physical systems. Leading examples include New York University’s Center for the Urban Science and Progress, and the University of Chicago’s Urban Center for Computation and Data. 'It’s great to see an ambitious private sector initiative like this recognize that cities are important,' said Steven E. Koonin, director of the N.Y.U. urban science center. 'And there are technology opportunities, but they are complicated.'"

Excerpt from Bloomberg View -- "Viral Acharya, a finance professor at New York University, argued at the IMF conference that policy makers have made a lot of progress in quantifying systemic risk (which was at the heart of the 2008 collapse)..."

Excerpt from The Economist -- "Promoting one’s own business idea, rather than a pre-conceived case from a framework thought up by contest organisers, is more dynamic and representative of real life, believes Mr Williams. Gone are the days of competition entrants crafting their business plan without putting together a prototype or speaking to customers to validate their assumptions, he says. The modern form of entrepreneurship puts much less emphasis on writing business plans and more emphasis on testing assumptions and talking to customers."

Excerpt from The Huffington Post -- "As the 2016 U.S. presidential candidate heats up, it's time for an adult conversation about America's role in tomorrow's world. Whatever some candidates might say, successful foreign policy is not simply a reflection of the generosity of the president's vision and the strength of his will. It involves hard choices that require tradeoffs, risk and sacrifice."

Excerpt from Financial News -- "Since the crisis, Deutsche Bank has delayed making difficult decisions. Now it is up to Cryan to make them. Though General Electric has decided to sell off most of its GE Capital unit, and American Express spun off its Lehman Brothers subsidiary in 1994, no major bank has been willing to go that far. Cryan will have to take a hard look at spinning off the capital markets unit, or explain to investors why he didn't do so."

Excerpt from TIME -- "But what are we supposed to do with the Chinese information once we have it? Sell it to advertisers? The U.S. doesn’t do industrial espionage. Is Huckabee suggesting that we start? This election, we need to demand more from our Presidential candidates than the easiest soundbite."

Excerpt from International Business Times --  "'I think if you're comparing Apple's service to Spotify’s, for example, there's a lot of similarity,' Craig continued. 'For that reason, given Apple's advantages, it's going to be an uphill battle for Spotify.'"

Excerpt from The New York Times -- "Mr. Sundararajan of N.Y.U. said he thought that at the heart of debate over regulating the sharing economy was the fact that it had blurred the lines between personal and professional realms, commercializing some tasks historically performed for friends. 'We’ve always given people rides to the airport,” he said. “We’ve lent our apartments to friends and cooked meals for them.'"

Excerpt from Daily Mail -- "Experts say that the 'planning fallacy' - a phenomenon in which predictions about how much time is needed to complete a task are incorrectly optimistic - is one of the most difficult changes to make. Justin Kruger, a social psychologist and professor of marketing at New York University’s Stern School of Business told The Wall Street Journal’s Sumathi Reddy that despite there being lots of punishments for being late, people still find it difficult to change their habits."

Excerpt from Forbes -- "For JPMorgan and Goldman the drop off has been manageable, but the rest of the field has been forced to pitch securities businesses to investors as a loss leader. At current activity levels both JPMorgan and Goldman 'can operate in a viable business model in which their return on equity is equal or greater than their cost on equity capital. That is not true for anybody else,' says Roy C. Smith, a professor at New York University’s Stern School of Business and former Goldman Sachs limited partner."

Excerpt from OZY -- "Vasant Dhar, a professor at NYU Stern Business School who specializes in data and cloud technologies, says it’s likely to be three or four years before clear winners emerge in these worlds: 'There’s a huge opportunity, but also huge amounts of uncertainty.'"

Excerpt from Bloomberg -- "'Rate movement is almost never going to happen in a vacuum,” Damodaran said by phone. 'If rates go up because the economy is going stronger and you ask me what the effect on stocks will be -- it depends. It depends on how much the economy getting stronger pushes up earnings.'"

Excerpt from Real Time with Bill Maher -- "I'd say, long-term, China's the biggest threat because it's the only country with a global strategy. They're spending over a trillion dollars. They're trying to align countries towards themselves [which] ultimately undermines the dollar, and that's going to affect all of us. But in the near-term, it's the single most powerful individual in the world, Vladimir Putin, who is in decline and very unhappy and wants to punish us. ... We're punishing him and ... he wants the Americans to understand that that's not costless for us."

Excerpt from NPR -- "'I'm not sure this explains hierarchies,' Blader said. 'This does not mean that the masses are tolerant of unfairness or slow to perceive it, just that there's an amplification of the deed among the powerful.'"

Excerpt from The Huffington Post -- "Congress must not give away its prerogatives to pressure groups. Congress must reject 'fast track.' Our elected representatives should be willing to, and empowered to, change new proposed trade arrangements before they go into effect."

Excerpt from Bloomberg -- "'The delay in the payment to the IMF is an escalation of the confrontation,' Nicholas Economides, an economics professor at New York University’s Stern School of Business. 'It increases the risk of bankruptcy and Grexit.'"

Excerpt from The Wall Street Journal -- "The political scientist and global risk strategist Ian Bremmer, a foreign-affairs columnist at Time, has written a book asking Americans themselves to decide what our policy should be, and offering what he sees as three central options. 'America,' he writes, 'will remain the world’s only superpower for the foreseeable future. But what sort of superpower should it be? What role should America play in the world? What role do you want America to play?'"

Excerpt from Yahoo! Finance -- "'When companies distract people with sideshows and entertainment, it’s pretty clear that they’re trying to draw attention from some of their labor practices,' [Yermack] said."

Excerpt from Forbes -- "Dominique Ansel is undoubtedly the most celebrated and innovative pastry chef in the Western Hemisphere and for good reason. Aside from creating the Cronut phenomenon, he has innovated in so many other ways. He combines magic, entertainment, craft, nostalgia, analogies, complexity, surprise, shapes, interesting presentations, contrasting textures and temperatures, and wow factor into his creations."

Excerpt from TIME -- "China continuing to grow economically and challenging the American economic system does automatically mean less American influence. And the question is, how is the US going to respond to that? One way to respond to it is by saying, you know what, we can't do global anymore. We'd like to do a global trade agreement, but we can't. We have to support coalitions of the willing. So the more attractive the United States looks as a market, the more over time, China is likely to reform its own economic systems to challenge the US less even as it continues to grow."

Excerpt from Bloomberg -- "'The odds are much, much lower for a bank CEO becoming a billionaire than a guy going to a hedge fund or private equity,' said Roy Smith, a professor at New York University Stern School of Business and a former Goldman Sachs Group Inc. partner who started on Wall Street in 1966. 'The real lucre in this business has always been on the transactional side. The CEOs of Wall Street have to deal with litigation, regulation and the relatively short tenures you have at the top of the pile.'"

Excerpt from Quartz -- "'The announcement of charges is an important first step toward accountability,' Labowitz told Quartz. 'But there is still a long way to go before anyone is brought to justice.'"