Experience Stern | News & Events

Excerpt from US News -- "Budgeting for the year is better largely because people feel less confident in monthly estimates, so they tend to add more of a buffer for unexpected expenses, according to research by University of Southern California’s Gulden Ulkumen, Cornell University's Manoj Thomas​ and New York University’s Vicki Morwitz​. The professors suggest taking a longer term view for a more accurate budget that you can stick with."

Excerpt from Project Syndicate -- "Indeed, as the euro weakens, the periphery countries’ external accounts have swung from deficit to balance and, increasingly, to surplus. Germany and the eurozone core were already running large surpluses; in the absence of policies to boost domestic demand, those surpluses have simply risen further. Thus, the ECB’s monetary policy will take on an increasingly beggar-thy-neighbor cast, leading to trade and currency tensions with the United States and other trade partners."

Excerpt from The Huffington Post -- "'We’re probably at a tipping point,' said Irv Schenkler, a clinical professor of management communication at New York University’s Stern School of Business. Things have certainly evolved since 2012, when no Fortune 500 companies opposed North Carolina’s proposed law banning same-sex marriage."

Excerpt from Financial Times -- "Thomas Philippon, professor of finance at New York University’s Stern school of business, has found little evidence of such a boost to productivity, at least for the finance industry as a whole. His research suggests the costs of finance to society remain fairly static, at about 1.5-2 per cent of the total amount being intermediated."

Excerpt from BBC -- "People have been able to raise the amount that they wanted to raise, but they falter on the actual delivery. On issues like packaging, on issues like fulfilling the actual amount of orders."

Excerpt from Winston-Salem Journal -- "'More than 225 years have passed since Alexander Hamilton created one of the nation’s first commercial banks,' the authors said. 'Over time, these institutions have changed hands, names and locations, reflecting a wave of mergers, acquisitions and other restructuring efforts that echo changes in American finance.'"

Excerpt from Sourcing Journal Online -- "'Labowitz describes Bangladesh’s RMG sector as a hub and spoke model of production, where the hub factories are the ones that have direct relationships with foreign brands, are often in good condition, with their own power plants, and are well lit and ventilated. And those hub factories have a lot of relationships with spoke factories. 'The spoke factories are the invisible factories,' Labowitz said. They are often in mixed-use buildings, above auto repair shops, for example, and some don’t appear on any registry of factories in Bangladesh. Labowitz and her partner Dorothée Baumann-Pauly, co-authors of the report, 'Business as Usual is Not an Option,' are currently conducting research on how many unregistered facilities there are in Bangladesh.'"

Excerpt from Financial Times -- "Stephen Cecchetti and Kermit Schoenholtz have a more conventional but also more exhaustive and detailed guide to secular stagnation. It includes a couple of more possible causes: most interesting are demographics (which is slowing the growth of the labour force) and high debt (which may reduce demand). They also very usefully sort them into supply-side and demand-side mechanisms."

Excerpt from LinkedIn -- "An exit can be done well, and it can be done badly. Even if you really hate your boss and loathe your job, you still want to leave a good last impression. Be professional. Out of sight isn’t out of mind. These people can be useful for networking, recommendations or business referrals — and you never know where your career will take you. You may circle back as an employee, a client, or something altogether unexpected."

Excerpt from TIME -- "Now there’s the AIIB. For decades, Washington has used its dominant influence in the World Bank, International Monetary Fund (IMF) and Asian Development Bank to strengthen relations with European and Asian partners and guide developing countries toward Western values by conditioning aid on U.S.-backed reforms. Those countries had no choice: there was no credible alternative to the U.S.-led system. That’s changing."

Excerpt from Project Syndicate -- "In my view, it is difficult to make a strong case for a significant sustained increase in earnings growth in this environment, meaning that growth alone would not justify current equity valuations. But the lower-discount-rate argument is more persuasive, and is consistent with underlying economic conditions and central banks’ mandates."

Excerpt from Nation News -- "The countries that have managed to produce higher standards of living have done so because their leaders have demonstrated three basic principles. They have demonstrated discipline, they have demonstrated clarity and the combination of discipline and clarity will produce trust amongst the people in their leadership about the direction of their country."

Excerpt from New York Magazine -- "After analyzing the transactions, Karmarkar and Bollinger found small but statistically significant trends associated with bringing reusable bags. First, those with reusable bags were slightly more likely — 0.25 percent — to buy organic basics like milk and eggs. One green behavior may provide a gentle nudge into another, the researchers conclude. But those who brought their own bags were also slightly more likely — 1.24 percent — to buy indulgent (nonorganic) items, like potato chips and candy."

Excerpt from CNC World -- "The idea of having an Asian infrastructure investment bank is a very good one. The needs for infrastructure development are enormous. The fact that China and other more developed or developing countries have the resources to channel through a development bank is clear, so it's basically a very good idea."

Excerpt from CKGSB Knowledge -- "One New York University economist sees the availability of on-tap computing and memory storage as a particularly important new advantage. Where 10 years ago, a start-up had to invest significant money in computer systems, today it will simply rent the computing power it needs, says Nicholas Economides, a professor of economics at NYU’s Stern School of Business and a noted scholar on network effects. 'Now you can just go to Amazon or Microsoft or Google and rent computing power at a very low price, so innovating has become much cheaper.'"

Excerpt from CBS News -- "'Because of the fact that Uber's brand and Lyft's brand have emerged very rapidly and have sort of taken on the sheen of, you know, "This is a big company; I can trust this company,"' Sundararajan said. But he urged caution. 'Until we understand what the risks associated with this are, and that can only come with time, I would be cautious about engaging in behaviors like sending kids alone in an Uber or Lyft,' he said."

Excerpt from Xinhua -- "Associate professor at New York University's Stern School Jennifer Carpenter believes that the current Chinese A-share bubble does not exist, but as the A shares continue to rise, the market volatility will increase."

Excerpt from Forbes -- "The Bangladesh Accord on Fire and Building Safety (the Accord) and the Alliance for Bangladesh Worker Safety (the Alliance) are working to improve the building and fire safety of Bangladeshi garment firms. According to a Guardian post by Sarah Labowitz of the Center for Business and Human Rights at NYU’s Stern School of Business, an average cost of factory upgrades is estimated by the Alliance to be around $250,000 per factory. Since the total number of factories recognized by various brands comes to about 1,800, the upgrades could cost $400 million for those identified factories alone."

Excerpt from International Finance News -- "First, giving local governments more authority and liability for their bond issuances strengthens their incentives to leverage their local knowledge about which projects have the best potential. Second, because the borrowing is directly from markets, local governments will pay a more market-based cost of capital, which aggregates information across a diffuse investor base and helps to allocate capital toward better uses. Third, creating a tradable standardized set of bonds will help create liquidity and attract capital. It will also increase transparency about the use of the capital, as observable yield spreads will contain clear signals about the market’s assessment of default risk, although this will reflect both asset risk and political risk."

Excerpt from OZY -- "Ironically, the best pitch you can make to your boss may be what Lechner explains: 'We have full transparency now,' she says. 'You can see the trail of technology — when you called, who you emailed, which conference call you jumped in and out of. We know exactly what you’re doing. Who cares where you’re doing it from?'"

Excerpt from The Washington Post -- "Economist Nouriel Roubini also doubts that education will be enough to spread the gains from automation around, which could mean that policymakers will need to create a greater degree of income support for those whose jobs are rendered obsolete."

Excerpt from Fortune -- "Despite the progress women have made in the U.S. workforce over the past decades, a recent study I conducted with colleagues Emily Amanatullah and Taeya Howell, finds that many men and women still believe in traditional gender roles and prefer the husband to be the primary breadwinner and the wife the primary family caretaker."

Excerpt from Fox Business -- "I know from running the entrepreneurship center at NYU, and we have 600 students through every year...Getting clarification on who's doing what in a team and getting it in writing is critical right from the starting point."

Excerpt from Financial News -- "Seven years after the financial crisis, global capital market banks have largely achieved compliance with tough new capital standards. However, the economic damage to their businesses in doing so has divided the industry into survivors, committed to strategies that are likely to succeed in a permanently changed world, and laggards that have lost their way."

Excerpt from Luxury Daily -- "'Heritage Italian brands Lamborghini and d’Avenza share a past that has remained exclusive to a select clientele,' said Thomaï Serdari, Ph.D., founder of PIQLuxury and adjunct professor of luxury marketing at New York University, New York. 'Recently however, both brands have made a definite turn towards a wider market where they can promote products that are destined for a particular type of clientele, most probably of foreign origins.'"