Faculty News

Professor Scott Galloway comments on Apple's impending legal fight with the Justice Department to defend encryption on its iPhones

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Excerpt from The New York Times -- “'It’s brilliant marketing'” Scott Galloway, a New York University marketing professor who has written a book on the tech giants, said of Apple. 'They’re so concerned with your privacy that they’re willing to wave the finger at the F.B.I.'”
Faculty News

"Scholar-in-Residence Gary Friedland shares his perspective on a new proposed bill which would ease restrictions stemming from the EB-5 program, from his joint research with Professor Jeanne Calderon "

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Excerpt from The Wall Street Journal -- "Gary Friedland, a scholar-in-residence at New York University Stern School of Business, said the bill would 'effectively nullify' the new EB-5 regulations. Lowering the minimum investment amount outside low-employment areas, he added, would 'eviscerate the incentive to attract EB-5 capital to projects in rural and economically distressed areas.'”
Faculty News

Professor David Yermack offers his perspective on Brooklyn Nets player Spencer Dinwiddie's plan to tokenize his new contract

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Excerpt from Inverse -- "David Yermack, a professor of finance and business transformation at New York University, tells Inverse this idea actually isn’t really new. He says the only thing that’s new about it is that it relies on blockchain, but that’s not a huge development."
Faculty News

Professor Simon Bowmaker's new book, "When the President Calls," is reviewed

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Excerpt from Nature -- "Over the past half-century, Bowmaker shows, economic advisers to US presidents from Richard Nixon to Donald Trump have enabled central bankers and treasury officials to implement untethered ideas. Often described in terms borrowed from mathematics or physics (such as the ‘velocity of money’), these concepts neither command an expert consensus nor are they necessarily reproducible."
Faculty News

Professor Robert Engle's research on how geopolitical risk affects financial markets is referenced

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Excerpt from The Wall Street Journal -- "Nobel Prize-winning economist Robert Engle isn’t so sure that geopolitical risk in markets is all that high right now. In his work, he analyzes the factors driving cross-asset and cross-country volatility. When something affects all asset classes across countries, the cause is likely to be geopolitical. By his measure, such international events haven’t been particularly severe at all in recent years."
Faculty News

Professor Allen Adamson discusses the Dutch government's plan to rebrand its country as the Netherlands

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Excerpt from The New York Times -- "Allen Adamson, a founder of the branding firm Metaforce and an adjunct professor of branding at New York University, said that the country’s new campaign was irrelevant because, for many people, the two names were interchangeable, so the rebranding wouldn’t affect their behaviors."
Faculty News

Professor Arun Sundararajan comments on the state of capitalism in a special series on the future of capitalism, noting that the distribution of wealth is not well-defined in today's digital era

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Excerpt from Nikkei Asian Review --"NYU's Sundararajan is convinced that a well-functioning democracy still promises a better overall outcome for society. 'Capitalism needs a certain control mechanism,' he said, 'and the right kind of democracy will push the government toward the right kind of control.'"
Faculty News

Professor Menachem Brenner weighs in on the current state of the US stock market heading into 2020

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Excerpt from Agencia EFE -- "Professor Menachem Brenner of the Stern School of Business at the University of New York, predicts that the new year will once again be marked by the trade war between China and the United States. 'My personal view is that you could never tell if it is overvalued or undervalued. Whoever says it has about a 50% chance of being right.'"
Faculty News

Data from the 2019 update of the DHL Global Connectedness Index (GCI), co-authored by Professor Steven A. Altman and Research Scholar Phillip Bastian, is spotlighted

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Excerpt from Il Foglio Quotidiano -- "The promise of Donald Trump to raise barriers to trade with China hits of duties has created a feeling of economic insecurity over the course of 2019, but despite this, as documented by a study published in mid-December by DHL and the NYU Stern School of Business, international flows of capital and trade have suffered only a slight decline and 'the world is now more connected than in almost all other moments of history, with no signs of a broad reversal of the trend of globalisation.'"
Faculty News

In an in-depth interview, Professor Amy Webb shares insights on the role of data in business, government, society and culture

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Excerpt from CXOTalk -- "Amy Webb is a quantitative futurist and professor of strategic foresight at the NYU Stern School of Business and the Founder of the Future Today Institute, a leading foresight and strategy firm. Now in its second decade, the Future Today Institute helps leaders and their organizations prepare for deep uncertainties and complex futures."
Faculty News

In a podcast interview, Professor Anindya Ghose shares takeaways from his joint research with Professor Xiao Liu on the effect of voice AI on consumer purchase and search behavior; his book, "Tap: Unlocking the Mobile Economy," is mentioned

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Excerpt from Working Capital Review -- "'These are the four verticals of AI. In each of these verticals, we have a race between the US and China and at least in on two of these verticals, China’s clearly ahead of the US in AI implementation – the first of which is consumer AI and the second of which is the perception AI. I think the third vertical the business AI, we are ahead of them mostly because we have a lot of really high quality unstructured data. In the fourth vertical the autonomous AI. It’s a neck and neck race right now brewing between, the Googles and Teslas with self-driving cars and they’re on counterparts in China.'"
Faculty News

Professor Ari Ginsberg discusses how WeWork's struggles have impacted the perception of unicorns

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Excerpt from CGTN -- “'This whole kind of…fantasy about ‘we’ and ‘community’…it was just thrown in their faces. People have a sense of fairness: if the CEO suffers together with them, you know we all went under, you know you stuck with the troops, we all went under. He didn’t stick with the troops.'”
Faculty News

Professor Nouriel Roubini urges the Indian government to focus on the economic slowdown, including potential challenges stemming from the US-Iran conflict

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Excerpt from Business Insider -- "The Indian government has chosen to focus on ideological considerations rather than economic slowdown, American economist Nouriel Roubini said on Thursday."
Faculty News

Takeaways from Professor Thomas Philippon's book, "The Great Reversal," are highlighted

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Excerpt from Project Syndicate -- "As the recent global surge of reports on competition policy and digital regulation suggests, the search for possible answers is underway. Unfortunately, academic economics is behind the curve. As Thomas Philippon remarks in his excellent recent book The Great Reversal, in studying the growing dysfunction of the American economy, 'I was surprised by the gap between economic research and policy.'"
Faculty News

Joint research from Professor Nicholas Economides on the intersection of competition law with the protection of privacy is featured

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Excerpt from TechPolicy.com -- "Many online platform companies –Google and Facebook are examined in Professors Economides and Lianos’ article—utilize a requirement provision in the boiler plate contract with their users that allows the company to collect personal information from each user without compensation. In exchange, the user has access to the services provided by these companies. However, users have no option other than to allow access to their personal data if they want to use the services offered."
Faculty News

In a Q&A interview, Professor Scott Galloway shares insights on how California’s new privacy laws will fare against the power of Big Tech

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Excerpt from LA Times -- "Scott Galloway is a marketing professor at New York University with serious chops in the business world, and serious insights into how Big Tech has maneuvered itself into positions of invulnerability in this culture. He has some ideas about how California’s new laws will fare against the power of the mega-companies of Silicon Valley."
Faculty News

Professor Petra Moser's joint research on the economic effects stemming from the US' national immigration quota system of the 1920s is featured

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Excerpt from The Wall Street Journal -- "Racial quotas on immigration from southern and eastern Europe in the 1920s left the U.S. with about 1,200 fewer scientists than if the quotas had never existed, conclude Petra Moser and Shmuel San of New York University."
 
Faculty News

Professor Richard Sylla argues that cryptocurrency innovations are likely to be nationalized by central banks

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Excerpt from Global Finance Magazine -- “'Cryptocurrency innovations—if they really are advantageous—are likely to be nationalized at some point as an exercise of national sovereignty,' Richard Sylla, Professor Emeritus of Economics at New York University Stern School of Business told Global Finance."
 
Faculty News

Professor Jonathan Haidt's book, "The Coddling of the American Mind," is mentioned

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Excerpt from The Atlantic -- "Jonathan Haidt and Greg Lukianoff’s book, The Coddling of the American Mind, warns of the consequences of industries becoming too politically homogeneous: If the police service is full of instinctive authoritarians and academia the exclusive home of liberals, both are likely to become more extreme."
Faculty News

Professor Adam Alter offers tips on how to break away from technological devices

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Excerpt from Woman's World -- "Once you’ve allowed yourself breaks from your devices, it is possible to reintegrate them into your life in healthier ways, promises technology expert Adam Alter, Ph.D., who notes that the average person checks her email about 15 times per day, ratcheting up anxiety with every click. The tension-taming solution: 'Just check your personal email three times per day, say, 9 am, 12 pm and 4 pm,' he suggests."
 
Faculty News

Professor Edward Altman's Z-score research is featured

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Excerpt from Seeking Alpha -- "NYU Stern Finance Professor Edward Altman came up with the Altman Z-score in 1967. Altman himself concluded the Z-score had an accuracy between 82% and 94% in predicting bankruptcy."
Faculty News

Professor Lawrence White explains why cryptocurrencies will continue to be a big topic of interest and regulatory scrutiny in 2020

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Excerpt from NBC News -- "Facebook’s introduction of its Libra cryptocurrency platform is a shot across the bow to gatekeepers of traditional financial and currency systems that will continue to reverberate, said Lawrence White, an economics professor at New York University's Stern School of Business."
Faculty News

Center for Business and Human Rights Deputy Director Paul Barrett comments on the rising threats of political deepfakes

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Excerpt from Yahoo! News -- "'The Sanders-Biden dustup is a good illustration that you don't even need to have a full-fledged deepfake in order to potentially cause disruption or raise questions and so forth because you can use much cruder methods to distort video evidence,' Paul Barrett, NYU Stern Center for Business and Human Rights deputy director and author of its recent report on disinformation and the 2020 presidential race, told Yahoo News."
Faculty News

Research from Professor Anindya Ghose on AI’s impact on consumers’ search and purchase behavior in an e-commerce setting is highlighted

Excerpt from Adweek -- "This new year may be the year voice shopping finally takes off in the U.S. That’s according to Anindya Ghose, professor of business at New York University’s Stern School of Business, who said one of the biggest retail trends in 2020 will be voice-enabled commerce. In November 2019, Ghose published a research paper on this topic, which found voice-activated shopping devices like Amazon’s Echo and Alibaba’s Tmall Genie are gaining popularity as a new channel for shopping."
Faculty News

Professor Haran Segram shares his thoughts on the future of private prisons

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Excerpt from CNBC -- "'The business is largely dependent on who's funding and who's in power rather than the fundamentals itself, therefore as long as this administration is willing to fund them, they're going to be doing reasonably well.'"

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