Experience Stern | News & Events

Excerpt from The Economist -- "When Thomas Philippon moved from France to America in 1999 to begin a PhD in economics, he found a consumer paradise. Domestic flights were dazzlingly cheap. Household electronics were a relative bargain. In the days of dial-up modems Americans, who were charged a flat rate for local calls, paid far less than Europeans to get online. But over the past two decades, Mr. Philippon writes in “The Great Reversal”, this paradise has been lost."

Excerpt from CoinDesk -- "The promise of these government-backed digital currencies is that they might reduce the need for paper bills and coins, making it easier for consumers and businesses alike to exchange payments. Those are benefits that Volcker likely would have embraced, says Richard Sylla, a New York University economics professor emeritus who specializes in financial history."

Excerpt from The Wall Street Journal -- “'The trade war has been a drag on the global economy,' said Peter Henry, an economics and finance professor at New York University, who also serves as a member of Protiviti’s advisory board."

Excerpt from Forbes -- “'One thing that these women realize is that they can use the power of their artistry,' says NYU Stern Professor and former Food Network CEO Erica Gruen. 'They don't have to get arrested or lead a political movement. They can just do what they're doing, but do it in a way that gives direct inspiration to people.'”

Excerpt from Marker -- "Retailers also possess the one asset every CPG covets: troves of data to help them make decisions about which products resonate with customers. 'You understand the brands that are doing well, you learn from those brands, and then you launch your own brand in that category,' says Amika Sharma, an adjunct assistant professor at NYU Stern and a marketing professional."

Excerpt from France24 -- "But he cautioned that humans would not necessarily recognise a system failure or make the right call. 'Consider the fact that humans can make bad decisions as well. You can't assume that the human in the loop will make the right decision,' Dhar told AFP."

Excerpt from Yahoo Finance -- "Those communities also saw slower job growth, according to Michael Waugh, an associate professor of economics at New York University's Stern School of Business and the study's author."

Excerpt from The Epoch Times -- "What are the solutions? There are many, no doubt, but here’s one to consider: moral elevation. That’s the 'warm, uplifting feeling that people experience when they see unexpected acts of human goodness, kindness, courage, or compassion,' according to psychologist Jonathan Haidt, now the Thomas Cooley Professor of Ethical Leadership at the NYU Stern School of Business."

Excerpt from CoinDesk -- "However, economist Nicholas Economides, whose previous advisory clients include the Bank of Greece in 1993, disagreed that this policy represents a dramatic shift. To the contrary, Economides said, the Greek government has required digital receipts for tax deductibles for more than five years. If citizens are unable to show bank records or credit card statements for deductible bills, paper receipts no longer suffice. As such, he argued this is merely another modernization push."

Excerpt from CBS News -- "'I wouldn't even call this a failure. I'd call it an assisted suicide,' Scott Galloway, a professor of marketing at New York University's Stern Business School, told Bloomberg. 'It's amazing it's taken this long for this company to go out of business.'"

Excerpt from Eater -- "As Adam Alter, a marketing professor at New York University, told Vice, 'this humanization of brands … means we’ve come to expect small doses of humanity from even large brands that may have once seemed faceless and corporate before the rise of social media.'”

Excerpt from Financial Times -- "As a professional manager, Mr Pichai will inevitably strike a more cautious stance than Google’s founders, says Melissa Schilling, a Stern business school professor. 'We’re likely to see more risk aversion, and a move to make the company more ordinary,' she says. But it is hard to see Mr. Page and Mr. Brin — whose shareholdings and board seats leave them still in the driving seat — settling for something quite so prosaic."

Excerpt from Knowledge@Wharton -- "NYU scholar Anindya Ghose recently quantified the scale of this problem saying one in five ads one sees on a smartphone are fraudulent. "
 

Excerpt from MarketWatch -- "Aswath Damodaran, a New York University professor, calculated Aramco at a valuation of $1.7 trillion might be a pretty good investment for Saudi nationals, but just for the dividends as the stock price won’t have much room to appreciate."
 

Excerpt from Benzinga -- "Steven Altman, a senior research scholar at the NYU Stern School of Business and the lead author of the DHL GCI, spoke at length on the causes and impact of global connectedness that had visibly declined over the last year. He pointed out that though the index did fall, it only reversed part of the increase that had propelled its figures to a record high in 2017 – noting that the index was still close to its all-time high."

Excerpt from Bloomberg -- "Scott Galloway, a professor of marketing a the NYU Stern School of Business, said the commercial itself is tone deaf and borderline offensive. But 'in this attention-driven economy, anything that gets attention is arguably a positive,' he said in an interview. 'It’s bringing Peloton into the social discourse on very regular basis, which is what ads are supposed to do' If Peloton had to do it again, Galloway said, 'I’d argue they probably would.'”

Excerpt from Marketplace -- "New York University professor Arun Sundararajan, who studies how technologies transform business, said shippers and online retailers are feeling increased pressure to deliver quickly. 'A lot of the expectations of consumers regarding speed of shipping have been driven by Amazon,' Sundararajan said. 'And for a smaller retailers, keeping up with that kind of expectation is incredibly hard.'”

Excerpt from Bloomberg -- "That leaves Fitzpatrick more or less alone to steer Soros through this cultural transformation—while keeping alive its reputation as a premier asset manager. 'For a company to undergo a personality change, especially when there’s not a crisis, is almost impossible,' says Anat Lechner, a management professor at New York University’s Stern School of Business."

Excerpt from BBC -- "Management Science published a study on online dating in 2017 which highlighted the paradox of choice, noting that increasing the number of potential matches has a positive effect due to larger choice, but also a negative effect due to competition between agents on the same side.'"

Excerpt from E-Commerce Times -- "'The last straw that smaller retailers were holding onto was their ability to offer a more personal and special in-store experience versus the larger retailers,' he told the E-Commerce Times. 'Now that even American Express can't get consumers off their couch for Small Business Saturdays, they have to go head-to-head against Amazon online, where competing on price and delivery speed is a non-starter.'"

Excerpt from Fortune -- “'The magnitude of the next spike in default rates, whenever it occurs, will be severe,' said Edward Altman, professor emeritus at New York University’s Stern School of Business and director of the Credit and Fixed Income Research Program at the NYU Salomon Center. The pain will last longer than is typical, he believes, and more money will be lost than normal through defaults."

Excerpt from Innovation Leader -- "When Ari Ginsberg discusses the business ecosystem, it can sound like he’s narrating an episode of the nature show Planet Earth. Ginsberg, a Professor of Entrepreneurship and Management at New York University’s Stern School of Business, talks about young startups as field mice —tiny players in the ecosystem.
 

Excerpt from Reuters TV -- "'We know from Amazon it takes a tremendous amount of investment to actually get there. In addition, Amazon has a massive amount of logistics infrastructure knowing how to distribute to warehouses. If you have many, many small warehouses, how do you actually deal with that in logistics aspect? Just to put in some scale to it, Amazon in a decade went from a $1 billion in shipping to $60 billion and Q4 alone it's estimated that they are going to spend $1.5 billion just on same day delivery under Prime.'"

Excerpt from WIRED UK -- "The cinema chains will likely claim that Netflix’s decision to buy the lease to the Paris Theatre has been done in response to the fraught relationship the streaming giant has had with the major cinema chains. But they could go further. 'To me, it's a pretty smart move,' says Paul Hardart, director of entertainment, media and technology at New York University Stern School of Business. 'For a long time, they were just saying, we want people to watch it, wherever they want to watch it, how they want to watch it – in their homes.'”

Excerpt from Fast Company -- "Vasant Dhar, an artificial intelligence researcher and professor at New York University’s Stern School of Business, says some countries are working on systems that could more easily free up data for such projects. A data protection bill on the table in India would create an app where people can collect and view their data, for instance. It would also appoint a “data fiduciary” to each account, someone who would act as a gatekeeper to a person’s data."