Experience Stern | News & Events

Excerpt from Bloomberg -- "There is a huge demand for these kinds of courses that train people for the new emerging economy. The real question really is whether the destruction of jobs that's caused by technology will be far faster than the creation of these new jobs in the long run."

Excerpt from Reuters -- "It wasn't until the crisis truly erupted that the West began to open its pocketbook. What happens when the next global tension flares and the international media's attention shifts? Will Western diplomatic efforts shift with it? Are the United States and Europe prepared to backstop a Ukrainian economy in free-fall when they have pressing economic concerns back home?"

Excerpt from China Daily -- "A. Michael Spence, who was awarded the Nobel Prize for economics in 2001 and chaired the World Bank's Commission on Growth and Development, said the growth target mentioned in Chinese Premier Li Keqiang's government work report during the two sessions was a 'reasonable' goal. 'This figure seems a very reasonable estimate and goal for growth this year, provided there isn't some major crisis outside - somewhere in the global economy or financial system,' said Spence."

Excerpt from The Huffington Post -- "However, Hal Hershfield, assistant professor of marketing at NYU's Stern School of Business, has found that when people can realistically imagine their future selves in a clear and positive light they are increasingly able to make choices that will benefit that future self."

Excerpt from Financial Times -- "Thomas Philippon, a professor at New York’s Stern Business School and a former adviser to Pierre Moscovici, the finance minister, says Mr Hollande’s unpopularity is more a function of a general disaffection that has emerged post-crisis than his own policies. 'Where Hollande is now says more about the country than about him. All the issues that were not properly dealt with in the past have crystallised now. It happened to occur under his presidency.'”

Excerpt from Bloomberg -- “'Both sides have personalized the issues,' said Scott Galloway, a professor of marketing at New York University."

Excerpt from Forbes -- "Bases for new products and services innovation can be ground-breaking and revolutionary, resulting from major new technologies such as 3D printing or nanotechnology, or small, simple, and seemingly obvious, like turning a ketchup bottle upside down, adding a 4th ball to a tennis ball can, or offering bright colors to items previously only white, black, or monochromatic. Innovations can involve simply taking something that has long been utilized or enjoyed in one market, such as a food, or face cream, and introducing it to a market that has never seen it."

Excerpt from CNBC -- "One noted economist, Michael Spence, has argued high-frequency trading should be banned. And regulators have periodically expressed qualms about the practice and its effect on markets, particularly regarding the Flash Crash."

Excerpt from CNC World -- "In a market like China, you would want some sort of government regulation to enforce that only accredited investors can come and participate in these markets and on of top that, you also want a self-policing community system in place."

Excerpt from Slate -- "Dear Blues, I have a suggestion for a birthday present: Get yourself a copy of Jonathan Haidt’s The Happiness Hypothesis and read how all of us struggle like riders atop an elephant to control our thoughts."

Excerpt from Science Codex -- "'We predict that in a gift-giving situation, both the gift givers and gift receivers will focus on the gift receivers when thinking about the gift. Givers will choose gifts that are more desirable over gifts that are more practical, whereas receivers will give greater weight to the gift's practicality,' write authors Ernest Baskin (Yale University), Cheryl J. Wakslak (University of Southern California), Yaacov Trope (New York University), and Nathan Novemsky (Yale University)."

Excerpt from Bloomberg -- “'The Fed is right to worry about fire-sale risk,' Viral Acharya, a finance professor who focuses on liquidity risk and regulation at New York University’s Stern School of Business, said in a telephone interview on Feb. 25. Lehman and Bear Stearns showed the consequences when 'creditors in the repo market started worrying about these counterparties.'”

Excerpt from The New York Post -- “'This thing is nuts,' says NYU Stern professor and psychologist Jacob Jacoby, who likens the lakkris latte to an ostentatious Gucci or Hermès belt. 'It’s about conspicuous consumption — displaying wealth. It says something about themselves: 'Look, I can do this,' he explains."

Excerpt from The Wall Street Journal -- "The NYU economist and professor, nicknamed Dr. Doom for accurately forecasting the 2008 financial crisis, called bitcoin a 'Ponzi game.'”

Excerpt from Risk.net -- "'Herstatt risk is greater for Asian currencies trading against the euro or US dollar because the time difference between the two legs of the trade is greater, so it's actually more important for Asian currencies to have some sort of risk mitigation in place than for European currencies,' says Richard Levich, professor of finance and international business at New York University's Stern School of Business, and author of a forthcoming paper for the Bank for International Settlements (BIS) on forex market developments in Asia."

Excerpt from LinkedIn -- "Adam Alter, in this recent online New Yorker piece about whether the poor have more meaningful lives than the rich, noted that if happiness was all that mattered, people wouldn't do ultramarathons or Tough Mudder events: 'Some of the most rewarding life experiences are popular because they favor meaningful hardship over simple pleasure.'"

Excerpt from Business Insider -- "Valuation expert and NYU professor Aswath Damodaran finally waded into Bitcoin territory in his latest blog post to rule on the cryptocurrency's staying power and pricing."

Excerpt from The Economist -- "Another bit of bad news for the gold market comes from a forthcoming paper by Rosa Abrantes-Metz, of New York University’s Stern School of Business, and her husband Albert Metz, a ratings-agency chief (writing in a personal capacity). This identifies a puzzling number of large downward price movements in the run-up to the afternoon 'fix': a conference call, typically ten minutes long, when the banks exchange information and decide on the price. Ms Abrantes-Metz terms the spikes 'too frequent and too large' to be mere chance."

Excerpt from Forbes -- “'Five years is a long time for a market to expand without having a major drop,' says Richard Sylla, a professor of financial history at New York University’s Stern School of Business."

Excerpt from Financial Times -- "In a paper published last week*, Michael Feroli, Anil Kashyap, Kermit Schoenholtz and Hyun Song Shin argue that regulators should be taking a wider view when considering the issue of a potential credit bubble."

Excerpt from Reuters -- "It's been a brutal winter. When it's a brutal winter, people are not going to go out and shop. And so the fact that there is an increase rather than a drop is a pleasant surprise to me."

Excerpt from Bloomberg -- "Those in the U.S. in the top one-fourth of income distribution have an 85 percent chance of going to college, compared with 8 percent for those in the lowest quarter, said Peter Henry, dean of the Stern School of Business at New York University, in an interview on Bloomberg TV Feb. 27, citing Yellen’s comments on income inequality."

Excerpt from Bloomberg -- "I wouldn't put it in Bitcoins. To me, Bitcoin is a fad that is going to implode. They're like a Ponzi scheme. I Iove contemporary art... it's nice to have an investment you want to look at it in your home rather than to have stocks that are sitting in a drawer. So I would go for contemporary art."

Excerpt from The Wall Street Journal -- "Jonathan Haidt, a professor at New York University's Stern School of Business, suggested at one of the AEI panels that critiques of capitalism thrive because 'we judge people based on their intentions. And when people do something for us without intending to help us, we don't tend to give them much credit.' In other words, the 'invisible hand' of the markets gets no respect."

Excerpt from CNC World -- "Bitcoin is incredibly risky and there is no intristic value behind it. If you invest in a stock, there is a company paying dividends that supports the value of a stock. If you invest in a government bond, you have the government’s promise to pay interest; with Bitcoin, all you really have is hope."