Experience Stern | News & Events

Excerpt from Financial News -- "China is the 'miracle economy' of today. It has much in common with the centralised, export-led economy of Japan before 1990. And it is vulnerable to similar sorts of asset bubbles that can devastate its economic momentum and progress."

Excerpt from Straits Times -- "In 2015, China's economy will deliver strong growth, and its talented leaders will maintain their monopoly on power. And China's fate will become even more important for international politics and the entire global economy."

Excerpt from The New York Times -- "Arun Sundararajan, a professor at New York University’s Stern School of Business, says that services like Spare5 can be empowering to people who want more control over when and how they work, even if it’s for peanuts. But he says that can be taken too far. 'Spare time is a good thing to have,” he said. “You don’t want to spend every minute making money.'"

Excerpt from The New York Times -- "'It was mostly a symbolic move,' said Richard Sylla, a professor of the history of financial markets and institutions at New York University. 'Which isn’t to say that it was crazy or unfounded. What the Swiss were really saying by considering the plan was that some of them were going to feel a whole lot better if they had tons of gold inside the bank.'"

Excerpt from The Washington Post -- "'Thinking of them as a company that transports people from one place to another is one part of the story,' says Sundararajan, pausing our phone call to get into an arriving Uber vehicle. 'But you wouldn't come up with a $40 billion valuation from just that. Their investors are betting on a behavioral change amount where a lot of people are willing to spend more than they do now to get things on demand.'"

Excerpt from Psychology Today -- "Specifically, Adam Alter of the Stern School of Business at NYU and Hal Hershfield of the Anderson School of Management at UCLA conducted a series of studies to determine if approaching a new decade in age is associated with increased meaning-related appraisals and endeavors... In short, actually approaching a new decade in age or imagining approaching a new decade in age motivated a desire for meaning."

Excerpt from Associated Press -- "Uber is offering car service in 250 cities in 50 countries now, up from 60 cities in 21 countries just a year ago. You can order a car using its popular mobile app in Asia, North America, and Europe. That's a big market. Taxi and limousine companies around the world generate maybe $100 billion a year, estimates New York University's Aswath Damodaran, a finance professor who blogs about Uber."

Excerpt from New York Post -- "'We still have a long way to go to undo the damage from the financial crisis,' said New York University economics professor Joe Foudy. 'The percentage of Americans in the labor force remains far below where it should be.'"

Excerpt from TIME -- "'A healthy Japan is good for the U.S. and good for the world economy,' says Kim Schoenholtz, director of the Center for Global Economy and Business at New York University’s Stern School of Business."

Excerpt from Marketplace -- "'This is not inflation increases, this is something that is really extraordinary, and replicates the index of living extremely well,' says Thomai Serdari, a professor of  marketing at NYU’s Stern School of Business. She adds, 'it is a manufactured, namely, an artificial market that keeps going up, as long as there are people who are wiling to spend.'"

Excerpt from Ethisphere -- "Haidt is Founder and Director of Ethical Systems (www.ethicalsystems.org), a non-profit collaboration of researchers from America’s top business schools that pool their research insights to promote the ethical functioning of corporations. Haidt has also performed pioneering research that exerts a profound impact on the ethical functioning of companies... Through her research and teachings, Chugh has emerged as a passionate advocate for, and participant in, the education reform movement."

Excerpt from The Economist -- "By using satellite images, old maps and population data, Mr Angel has run a ruler over some 3,600 metropolitan areas. He finds that, with few exceptions, they are less dense in wealthier countries. Paris is less than one-third as densely populated as Cairo and barely one-seventh as dense as Mumbai. Even rich cities that seem packed are sparsely populated compared with poorer ones. Tokyo is only one-fifth as densely populated as Dhaka, for example."

Excerpt from Entrepreneur -- "When going head-to-head with a rival, motivation can easily become untethered from what's at stake, because 'beating that opponent carries a psychological value in and of itself independent of the size of the prize,' Kilduff says. And that can be dangerous: Laser-focusing in on one rival at the expense of the bigger picture leaves us vulnerable to 'other competitive threats that may be newly emerging.'"

Excerpt from Bloomberg -- "The immigration issue... is an economic issue, frankly. We've got a shortage of skilled workers in this country. Even... putting aside the amnesty issue, we need more high-skilled numbers. The United States's key competitive advantage has been the fact that we're an open society and we take in skilled workers, and right now we have a shortage of skilled workers in this country. And immigration policy is a key to economic growth."

Excerpt from Yahoo! Finance -- "We’re currently in the mid-late stretch of this boom, 'so next year we’ll see economic growth and easy money. This frothiness that we’ve seen in financial markets is likely to continue from equities to credit to housing,' says Roubini. He predicts an eventual crash, but not for at least a few years. He believes that valuations in some markets are already stretched and will continue to stretch until seeing a shakeout around two years down the line, in 2016."

Excerpt from Bloomberg -- "I think what's really clear from these numbers... these are double-digit returns people are getting on their education. So the first thing to notice is an education pays... It's a challenge for all of us that the cost of a higher education continues to rise and we're all working to make sure that we deliver the maximum value for education. And I think the numbers suggest that we are doing that."

Excerpt from Bloomberg -- "The European Experiment is definitely under real stress right now. Mario Draghi faces dissension amongst his council. He has to do something very serious with respect to monetary policy. He said he would do whatever was necessary, but the Germans feel very differently. But the real issue facing Europe is... two other words: structural reform. And Europe has not dealt with the structural issues it needs to deal with from the labor market to immigration."

Excerpt from Bloomberg -- "'Europe is only one shock away from deflation and another recession,' [Roubini] told Bloomberg Television. 'The ECB should have done quantitative easing already. They’re waiting until it’s going to be too late.'"

Excerpt from Village Voice -- "'[Bitcoin] reimagines money, which is something that everybody is interested in at some level,' says Yermack. 'And it's the first currency ever that really wasn't connected to a government or some kind of sovereign authority. It's made people think about possibilities for commerce and business and daily life that probably never occurred to them before.'"

Excerpt from CNBC -- "'I think that lower oil prices simply squeeze [Putin] harder, pushes him further into a corner. He feels he has to fight as a consequence,' said Bremmer, whose Eurasia conducts research and advises clients on political risks around the world."

Excerpt from Council on Foreign Relations -- "The reason I think there is pressure now is that whereas in the context of monetary policy, around the world, central banks have evolved a very clear mandate and a system of accountability that was not challenged. When the crisis came, the actions that central banks were called upon to take to act as a lender of last resort were things for which there was not a very clear mandate. And in particular, the Federal Reserve pushed the envelope very hard, right up to the boundary of what could legitimately be said to be within its legal remit, and that was done in order to help protect the United States and its economy."

Excerpt from The New York Times -- "'Everything you buy, starting with your weekly groceries, will be flowing through one pipe called Amazon,' said Scott Galloway, a professor of marketing at New York University’s Stern School of Business. 'They’ll have your credit card purchase history, be able to do data-mining on your needs, offer massive selection with a reputation for low prices.'"

Excerpt from Bloomberg -- "I think these defined moments of shopping are becoming less important and people are getting more confidence with the research that they do online that these products will be available for a while, so that the definitive 24-hour 'just-buy-now' is losing credibility, especially when you see Black Friday moving into Thanksgiving. So, I just don't think people are as worried they're going to miss out."

Excerpt from Project Syndicate -- "The recent decision by the Bank of Japan to increase the scope of its quantitative easing is a signal that another round of currency wars may be under way. The BOJ’s effort to weaken the yen is a beggar-thy-neighbor approach that is inducing policy reactions throughout Asia and around the world."

Excerpt from The Guardian -- "And for the first time, thanks to new research by Alter and Hal Hershfield, an expert on the psychology of time at the University of California’s Anderson School of Management, we have a glimpse of just how profoundly we’re affected when we sense these milestones approaching and experience a 'crisis of meaning'."