Experience Stern | News & Events

Excerpt from WPIX -- "This is just the beginning, as an economist at the NYU Stern School of Business pointed out. 'They've got a lot of catching up to do,' Lawrence White said about Cuba's economy in an interview with PIX11 News. '[Cuba will] achieve bigger gains. [But] to the extent that Americans want to spend leisure time' in Cuba, and in other ways that Americans want to take advantage of their neighbor to the south, 'It's not a zero sum game, that's for sure,' White said."

Excerpt from The Wall Street Journal -- "Under current accounting rules, U.S. companies don’t record those items on their books as assets. 'It’s 19th-century accounting,' said Baruch Lev, an accounting and finance professor at New York University’s Stern School of Business. The absence of abstractions like brand value on corporate balance sheets prevents investors from properly gauging their risks, said Mr. Lev. 'It’s an incredibly important issue,” he said. “Investment in intangibles is almost completely obscured from investors.'"

Excerpt from BBC News -- "'[Mr Ackman] has put his credibility on the line and it could make or break him,' Aswath Damodaran a professor of finance at New York University, told the BBC. 'The markets are going to decide [Valeant's] value- his words could initially stem the problem, but they don't mean as much now,' said Mr Damodaran."

Excerpt from Bloomberg -- "'Five years from now, if there is not enough structural reform, if eventually the fiscal problems are not resolved, you are going to run out of monetary policy bullets,' Roubini said. 'The right thing can be done and therefore there will be light at the end of the tunnel for Japan. So I would not give up on Japan.'"

Excerpt from Foreign Affairs -- "... lots of people look at say the Chinese stock market, specially given the huge run up and then the meltdown that's happened over the last year-and-a-half. Now, what's interesting is that between 1990 and 2013, Chinese stock prices were essentially flat while the country was growing rapidly. So this is a little bit of a reminder that we still have very different economic systems, and that stock prices are way less informative in countries like China, where pretty much all stocks tend to move up or down on a given day, than they tend to be in countries with well functioning capital markets, like the United States."

Excerpt from HK TV -- "Well, certainly for China, our national pride. There's certainly pride in having national champions out there operating on a global basis. This is something that provides economic pride. Something that folks in the Chinese economy can look at and say, 'Hey, wow, look, we're a player on the global stage now. We have companies that are operating all throughout the globe." 

Excerpt from Big Data -- "Google CEO Eric Schmidt gave the opening talk, listing the recent advancements in AI that have enabled capabilities for solving previously intractable problems. He stressed that AI should forge a future that benefits 'the many' instead of 'the few.' Challenges in water purification, synthetic food production, logistics of distribution, and optimal management of supply/demand of energy are some of the areas where our ability to leverage natural flows of data governs our ability to meet our collective needs."

Excerpt from Christian Science Monitor -- "The 2011 film 'The Adjustment Bureau,' which combined aspects of a thriller and a romance, was marketed using separate trailers aimed at women and at men, write Al Lieberman and Patricia Esgate in their 2011 book 'The Definitive Guide to Entertainment Marketing.' 'The trailers were accurate in their use of footage from the film but simply focused on the action and drama for the male audience and made the romantic scenes more prominent and expansive for the female audience,' they write. 'Neither audience was disappointed because both were satisfied by the story, content, and elements each was seeking.'"

Excerpt from Bloomberg -- "I think they're really trying to squeeze this turnip as hard as they can, right? Little too big, little too small. But this is basically the iPhone 5 with updated components, and a lot of people like the small phone. So it makes a lot of sense. It's evolutionary, not revolutionary. But they'll get incremental profits and margins because this is arguably the first tech product in history that its margins have expanded as it's matured. People still love the iPhone."

Excerpt from WIRED -- "'The attitude is if you violate my values, you won’t get to speak,' says Jonathan Haidt, a social psychologist at the New York University Stern School of Business. In fact, Trump has blamed supporters of Democratic presidential candidate Bernie Sanders and the liberal group MoveOn for trouble at the rallies. 'Of course they hate Trump and what he stands for,' Haidt says. 'But what gives them the right to disrupt, interrupt and shut down a political event? If they do that at a Trump rally, are they surprised that people will try to hit them?'"

Excerpt from ABC -- "Vengo designs and manages mini high-tech vending machines. Vengo sets up shop in your favorite locations and gets you the products you need, instantly."

Excerpt from Xinhua -- "'Japan is not at the center of global concern as such, but certain policy decisions including the BOJ adopting a negative interest rate recently have had a ripple effect following similar moves in Europe, with banks there also going negative,' Roubini, also a professor of economics at New York University's Stern School of Business, explained."
 

Excerpt from WIRED -- "'This is unambiguously bad for theater owners,' says William Greene, an economics professor at the NYU Stern School of Business, who studies the media and entertainment industries. 'But I do not see much of an upside for studios.'''

Excerpt from Clear Admit -- "Violeta Stolpen, 29, was drawn to Stern because she saw it as a place where she could be part of a growing social impact and sustainability movement. 'I thought at Stern I could make a mark rather than getting lost in the crowd,' she says. She saw a ton of social impact courses that interested her, but she also knew she wanted to have a well-rounded management education that wasn’t solely focused on social impact."

Excerpt from South China Morning Post -- "Michael Spence, another Nobel laureate, said China was 'well on the way' to shifting to the growth pattern that would underpin its ­future prosperity. The 'unsettled' issue in policymaking was about state-owned enterprises, including state firms in the financial sector, he said. 'One thing China has been very good at is managing the process – making steady progress and not trying to do everything at once,' Spence said."

Excerpt from Aspen Institute blog -- "The story for CSR, for Corporate Social Responsibility, is generally positive, though not always. The story for internal ethics, that is, can you trust the people you work with, that seems to always be associated with better financial returns in the long run."

Excerpt from WIRED -- "Sundararajan says proclaiming the demise of the on-demand idea overlooks the many ways on-demand businesses can be configured, from how prices are set to whether they hire independent contractors or official employees. Companies are still figuring out what works. Some will rise, some will fall. What the on-demand economy creates as a whole, he says, is the possibility of a more decentralized labor force, which consumers are increasingly coming to expect. 'A lot of economic activity down the road is going to flow through platforms that have a mix of centralized and decentralized labor,' Sundararajan says."

Excerpt from Bloomberg -- "It's been lasting for over 6 years now. And I've been predicting for the last 7-8 months that we were probably in the 7th inning of a 9-inning game. Now I think we're in the 9th inning, maybe over. Except the Fed is still kind of anxious about things, and as you know this week, they didn't raise interest rates. So they may try to keep that cycle going a little bit longer, but it's just about over."

Excerpt from Entrepreneur -- "'This study disrupts the position that higher education may not be conducive to fostering innovation by suggesting that both personality and structured higher education experiences contribute to cultivating innovation potential among college students,' said Mayhew. 'The good news is that innovative entrepreneurial intentions can be influenced by educators, regardless of the many differences in traits and experiences that students across cultures bring to college campuses.'"

Excerpt from MarketWatch -- "'The Fed is driving on a cliff road on a foggy night, it makes sense to go slow,' said Kim Schoenholtz, an economics professor at NYU Stern School of Business."

 

Excerpt from Silicon Hills News -- "'We have these new innovations, but we have to think about how much of the spoils of innovation the workers who are providing that innovation are going to see,' Sundararajan said."

Excerpt from Fortune -- "...it’s a tempting proposition: For only a few billion dollars, we can bring broadband connectivity to poor families, providing them with no less than an improved chance in life. The ultimate answer, of course, is more complicated. And it is a mistake to think that mere access to the Internet is going to close the gap between rich and poor."

Excerpt from Marketplace -- "The choice of stock exchange becomes more important when comparing internationally, said Whitelaw. Companies tend to list in the country where their shareholders live for one thing. For companies in developing or emerging markets, listing in the United States, for example, offers a seal of approval because exchanges there have high standards for governance and reporting."

US News and World Report published its rankings of full-time MBA programs today. In the rankings as published, Stern dropped from 11 last year to 20 this year, a shocking fall given the stability of Stern's performance over the years on the 8 objective criteria used to determine the rankings.

Excerpt from Forbes Poland -- "In some ways, there isn’t much difference. They are both comprised of smart, ambitious, and success-driven leaders who have (at some point) stepped beyond just running a company to attempt to influence how society works. The biggest difference is probably in terms of age and, therefore, perspective. Many of the young people on the current list became incredibly wealthy at a pretty young age, which gives them the opportunity to still be more idealistic than those who typically succeed after decades of trying and running a business. So they exhibit more naivety, but also more idealism, in many cases."