Experience Stern | News & Events

Excerpt from WIRED -- "Amazon did not reply to a query about activity on Mechanical Turk, but Panos Ipeirotis, an NYU professor who has studied Mechanical Turk workers, says he’s seen more Turkers recently from Canada, Italy, and Brazil in particular."

Excerpt from InvestorPlace -- "According to Ed Altman, a professor at the New York University Stern School of Business who created the Altman Z-Score to measure financial distress, a big chunk of so-called investment-grade bonds should be in the junk category already. Altman examined 350 BBB-rated U.S. companies as of the end of 2019 and determined that more than 30% of them, with $600 billion or more of bonds, should have been rated 'junk.'”

Excerpt from AlphaWeek -- "'I had been a CTA for many years, and it was getting harder to make money. Volatility was coming down; interest rates were coming down. The risk was something I began to look at in more detail, and I began to study academic literature and found Robert Engle's work,' says Rothe."

Excerpt from Adweek -- “'The pandemic is an acceleration of what trends were happening anyway,' said Paul Hardart, clinical professor of marketing at NYU Stern School of Business."

Excerpt from Los Angeles Times -- "It will be gradual and guarded, and many businesses will continue grappling for months or even years with significantly lower sales. 'Consumers will not simply flock to restaurants because they are open,' said Tom Meyvis, a marketing professor at New York University who focuses on consumer behavior."

Excerpt from Handelsblatt -- " When futurologist Amy Webb appears at conferences like South by Southwest (SXSW) in Austin, Texas, there is rarely a place left. Thousands follow each year as the founder of the Future Today Institute presents her “Tech Trends Report” . For her analysis, the Professor of Strategic Future Planning at the Stern School of Business at New York University is collecting hundreds of trends and technologies that will become more important in the coming months."

Excerpt from Quartz -- “'This is almost certainly something that can be done in many parts of India as mobile text messaging apps are also very popular in the country and can enable this kind of grassroots coordination in large housing complexes and gated communities of India,' said Anindya Ghose, professor of technology, operations, and statistics at New York University’s Stern School of business."

Excerpt from Bloomberg -- "Unprecedented debt issuance over the years could lead to a historic number of defaults driven by the coronavirus and the drop in oil prices, with a peak coming in 2021, according to Dr. Edward Altman. 'I’m afraid we are going to have a large number of bankruptcies in the next 12 to 24 months,' the Stern School of Business, New York University professor emeritus said in a webinar sponsored by the school on Tuesday."

Excerpt from Financial Sense -- "You might not hear many people talking about the return of inflation right now. Richard Sylla says that doesn’t mean inflation isn’t coming. The NYU professor and co-author of A History of Interest Rates joined Jim Puplava on a recent edition of the Financial Sense Newshour podcast where they discussed the return of inflation, ultra-low interest rates, MMT and the financial impacts from the coronavirus."

Excerpt from BYU Radio -- "When we used to take photos with our kodaks and our disposable cameras, it was more of a special occasion when we would get out the camera. You might have a slideshow night and share that with a few people. Now we’re sharing our photos with hundreds or thousands of our followers. That’s drastically changing the nature of the photo-taking process. This is definitely a new phenomenon."

Excerpt from S&P Global -- "Part of the concern is that companies could be cut off from creditors, said Joseph Foudy, an economics professor at New York University. 'You get into a cycle where we downgrade them, which raises their borrowing costs, which leads to more fears of insolvency, which leads to downgrading, and you get into some kind of cycle where the downgrades themselves become the problem because they get cut off from banks,' he said."

Excerpt from CCN -- "BBB-rated corporate bonds, which make up a majority of the investment-grade corporate universe, are also a major concern. Many of these BBB-rated companies don’t pass the criteria to be rated BBB by the rating agencies. As New York University Economist Nouriel Roubini put it, the Fed is essentially buying junk bonds."

Excerpt from Philadelphia Inquirer -- "Overseas investors are less equipped to take on the administrative tasks that would accompany a foreclosure than domestic funders, so are more likely to extend forbearance, said Gary Friedland, who specializes in the EB-5 program as a scholar-in-residence at New York University’s Stern School of Business."

Excerpt from Seeking Alpha -- "The framework proposed by Prof. Damodaran offers a more nuanced approach to normalization which we have applied to the financial performance of Western Forest Products Inc. ("WEF") (OTC:OTCPK:WFSTF),over the past ten years to see where we stand on a mid-cycle valuation and the results point to a compelling entry point for contrarian value investors."

Excerpt from Fortune -- "Nicholas Economides, economics professor at New York University’s Stern School of Business, said when it comes to policies directed at the labor market, size matters. In the U.S., the stimulus package was about 10% of GDP and there was a discussion about increasing it 'while in the euro zone they’ve talked about 500 billion euros which is less than 5% of the GDP of the euro zone. I think that would be totally inadequate,' he told Fortune."

Excerpt from Psychology Today -- "While organizations often tout the performance benefits of having a diverse workforce, the reality is more nuanced. Here’s how management scholars Frances Milliken and Luis Martins describe their findings in a well-cited 1996 review paper: 'Diversity thus appears to be a double-edged sword, increasing the opportunity for creativity as well as the likelihood that group members will be dissatisfied and fail to identify with the group.'”

Excerpt from Gadget -- "The study also considered the role of serendipity – exploring how long search paths, scientific reasoning or distant recombination might help inventors make the most of a chance discovery. 'Some inventions do seem to materialize out of thin air,' Kneeland said. 'But that’s not really a process you can encourage or teach.'
The paper was co-authored with Melissa Schilling of New York University’s Stern School of Business and Barak Aharonson of the Coller School of Management at Tel Aviv University.

Excerpt from The Hill -- "Is trading by Congress illegal? Should members of Congress be allowed to trade financial securities that are sensitive to private information? The “coronavirus trades” made by Sen. Richard Burr (R-N.C.) and his wife just prior to the March ’20 market crash raise these questions and signal the need for changes to the law. Some proposals go as far as banning stock trading by members of congress outright. The other extreme is to allow full discretion. The right solution is in between: Only allowing public officials to trade securities based on broad market indices."

Excerpt from Medium -- "Something didn’t seem right in the financial markets on Monday morning, February 24 2020. I wondered whether there was a decimal error in the P&L number that the machine sends out periodically. The number was correct. I scoured the news. Financial markets appeared to be acknowledging the significance of COVID-19. But why today, a full seven weeks after the spread of the deadly virus was first made public by China, and almost a month after it started appearing in the headlines globally?"

Excerpt from Financial Times -- "Mervyn King, in his book with John Kay Radical Uncertainty: Decision-making for an unknowable future, makes a similar point; computer models should inform decision-making, but do not replace the need for qualitative 'narratives' on which the best judgments are made."

Excerpt from CNBC -- “'When you pay CEOs based on earnings, and the metric is quarterly earnings, and the compensation committee says 98% of your compensation is going to be based on the stock price, which investors have linked to the earnings, compensation drives behavior,' Scott Galloway of NYU’s Stern School of Business said on CNBC when Dimon made his remarks in 2018."

Excerpt from NBC News -- “'It took three and a half years, from August of 1929 to March of 1933, to go from robust full employment to the depths of the Great Depression. It looks like we’re going to get there in less than three and a half months,' said Lawrence White, an economics professor at New York University. 'The speed of the descent is unprecedented.'”

Excerpt from Sarasota Herald Tribune -- "Malls 'can do things that are charity related, cause related — like helping first responders, helping health care workers, providing free meals to health care workers and things like that,' said Allen Adamson, co-founder of marketing consulting firm Metaforce and adjunct professor at New York University’s Stern School of Business. 'It’s going to be closer to charity events than entertainment events. Before, it was indoor ski rinks and roller-coasters. Now they need to pivot and do events that can help people.'”

Excerpt from China Daily Asia -- "Some commentators believe the compound effect of this could result in the 2020s becoming a repeat of the Great Depression in the 1930s. Michael Spence, professor of economics at New York University’s Stern School of Business and a Nobel Prize winner for economics, said this is not inconceivable. 'There would have to be a lot of mistakes made to get there. The main risk is the poorer developing countries. They are highly vulnerable, both medically and economically,' he said."

Excerpt from Inventiva -- "'Crisis can be sort of a catalyst or can speed up changes that are on the way — it almost can serve as an accelerant,' said Arun Sundararajan, an NYU Stern School of Business professor researching how digital technologies transform society. This is the time of distress. People are losing their jobs; some are being denied their salaries and some have been laid off."