Experience Stern | News & Events

Excerpt from Marketplace -- "Lawrence J. White teaches economics at the NYU Stern School of Business. He says it makes sense for banks to loosen up credit right now for the less-than-perfect consumer: 'Because the economy is better, he or she is more likely to stay employed and be in a position where he or she can repay.' And White says consumers have learned not to live beyond their means; they don’t want to slide back to where they were during the Great Recession, and are using credit more wisely."

Excerpt from Bloomberg -- "Clearly, McDonald's has been struggling with a way to communicate with a new generation in a lot of ways... They've been trying to spin their wheels to keep creating new products to try and solve the problem and that's created its own set of problems because that's been very inefficient within the stores. But the reality is millennials clearly don't value McDonald's products the way earlier generations do and they don't have the same relationship with the brand that previous generations have had."

Excerpt from The Atlantic -- "[Greene] says that the value of a halftime slot would be more valuable to lesser-known acts, and that the stigma of paying to play might be enough to deter a big-name musician, like Beyoncé. 'Imagine the blowback if it got out that she had paid to be the one to do the halftime show,' Greene says. 'Part of her wild appeal stems from the fact that she is so highly paid.' Agreeing to provide the NFL kickback for the privilege of doing something that you’re usually paid for would probably appear desperate."

Excerpt from The Washington Post -- "'The needed reforms lie outside the mandate of central banks and fall squarely in the laps of elected officials,' said economist Peter Henry, dean of the business school at New York University. 'It will do no good if central bankers give the labor market room to grow if politicians shoot the recovery in the foot.'"

Excerpt from The Australian -- "While companies sell Fair Trade food, clothing and bedding products because they believe in being socially responsible, the goods can also be part of a marketing strategy, says Russell Winer, a marketing professor at New York University's Stern School of Business. Sixty per cent of shoppers are willing to pay the higher prices that Fair Trade items tend to have, according to a 2013 study he co-wrote."

Excerpt from Bloomberg -- "It's certainly a challenging economic environment right now, but the key thing to remember is that emerging markets account for roughly half of global GDP and almost two-thirds of global growth, so what happens in emerging markets certainly matters for what happens in the US."

Excerpt from Bloomberg -- "If you just get a specialized degree, you can apply that tool in one area. If you understand data science, but you're also a leader and you also see the range of problems that are facing the world and that need solutions, then you're in a position to actually go out and start a new business. Then you're in a position to actually be in an organization to lead change."

Excerpt from Bloomberg -- "I think the key thing for which President Obama will be remembered, for which his team has not gotten a lot of recognition, frankly, in the short term, is pulling the US economy back from the brink... If you think about it, would you rather be living in the United States, or be living in Western Europe? The United States Economy is growing at 2% per year... we are creating jobs and we now are debating whether the Fed should raise interest rates because there isn't enough slack in the economy. Europe is in a very different situation."

Excerpt from Bloomberg -- "The point is, it's not so simple to understand whether the economy is at full employment or not. That's the key issue. If the economy is at full employment, then the Fed has to do what it needs to begin to think about raising interest rates to keep prices from rising, inflation from rising. But we don't know. There's a mystery right now. And the key thing about [Janet Yellen's] speech is she said, very clearly, one piece of information is not going to solve this mystery. Looking at wage inflation alone is not going to tell us whether we should raise interest rates."

Excerpt from CCTV -- "In the absence of more information about whether these changes are structural or cyclical, Chair Yellen has said we need to be very open-minded and look at the data that comes in to make decisions about whether or not there is slack in the economy to keep interest rates low or whether we need to raise interest rates because the labor market is tightening more quickly than we expect."

Excerpt from The Epoch Times -- "To a consumer who couldn’t hail a cab from his phone before 2013, regulatory change is moving at a glacial pace. But it’s to the credit of sharing companies that sometimes inherently provide services that go against existing laws that better business environments are being created, according to Sundararajan. 'The specification of different areas … complicates this for the startups that have to fight city by city, state by state, country by country, widely varying levels,' Sundararajan said. 'It’s very interesting to me how much of the venture capital is being spent on regulatory reform.'"

Excerpt from Australian Financial Review -- "My great fear is there is too much a sense of complacency in Australia – there is too much of a sense that Australia avoided the worst of the financial crisis and it will do so again. I think for that reason, this financial system inquiry is extremely timely – to actually have a fact based analysis of how well we did we do, and what can we do to reduce the incidences and impact of financial crisis. I don't think the experience of Australia during the financial crisis is necessarily an indication of how Australia will fare in future financial crises."

Excerpt from CNNMoney -- "'There's a point where products derive much more attention than any rational expectation would suggest,' said Jason Greenberg, PhD and assistant professor at New York University's business school, 'In a market where potato salad can raise $55,000, it's not that surprising.'"

Excerpt from Financial Times -- "Students at leading business schools... the biggest secular macro-trend that they're going to deal with is the migration of people from rural to urban, which, in turn, opens up massive business opportunities all around you in infrastructure, you name it, there's opportunities... Most business schools that I know don't seem to address the whole, with the exception of NYU, which has actually set up an entire center to basically study the city as a unit of analysis."

Excerpt from Bloomberg BNA -- "'The biggest takeaway is just that implementing an affirmative action plan alone is not enough,' Lisa Leslie, the study’s lead author and an associate professor in New York University’s Stern School of Business, told Bloomberg BNA Aug. 20. 'It needs to be done as part of a broader effort to minimize any unintended consequences.'"

Excerpt from NPR -- "Edward Altman of NYU's Stern School of Business says there's nothing illegal about the hedge funds' demands. 'They have the right to not accept what they think was a flawed plan and the fact that they were holdouts doesn't make them vultures,' he says."

Excerpt from Marketplace -- "It's not going to cripple the company, but it gets headlines. It wipes out their annual profit. I'm sure they're saying to themselves, 'this is largely about organizations we acquired. Let's just get this behind us.'"

Excerpt from Sydney Morning Herald -- "NYU Stern School of Business professor Stephen Brown, who has studied the interim report, said policy around financial advice needed to ensure conflicts of interest were minimised and remuneration structures had a big effect. 'I am a great proponent of fee-based financial advice,' he said. 'That is ethical and the appropriate way to do this. People need advice and they need unconflicted advice.'"

Excerpt from BBC -- "In terms of a solution, [human connection is] a big part of it. We tend to be isolated from the events and from the communities and from the neighborhoods around us, and having sort of a stronger human connection and having a stronger context for what is around us, I think, is a big part of the solution. Eventually, we're all human. If we have a closer connection to either the people or to the neighborhoods in which these things happen, I think that will go a long way in preventing them from happening again in the future."

Excerpt from CCTV -- "On the one hand, it’s a good move because the people getting these loans don’t understand how bad things can get if they don’t pay them back. So one solution to go after the lenders who are being exploitative. But it’s also important we recognize there is a significant fraction of the United States that is unbanked."

Excerpt from CNBC -- "We have a Center for Business and Human Rights precisely because millennials are concerned with this. They're not just concerned about doing good, they're not just concerned about making ethical decisions on tax inversion and re-domiciling, but they're concerned about, how do they do that in the context in which they are also capitalists. They also want to make money. They want to do well for their families. So, how do we... address that? And I think that what we are trying to instill here with the Center for Business & Human Rights is really, how does human rights and these other questions... how do they come up in the classroom? And, more importantly, we're seeing them pop up not just in ethics... but we're treating it as a business question... I think that, at Stern, it's important to us to instill that character and integrity in our students."

Excerpt from CNBC -- "One of the things we're really focused on with our students is helping them be leaders by asking the right questions. So, this morning, actually, we just welcomed our incoming class of 409 MBA students. And we put in front of them Malcolm Gladwell, who spoke very, very passionately about the connection between leadership and data, actually. So, in other words, it's not enough just to have lots of information. You have to ask the right questions about how to use that information."

Excerpt from International Business Times -- "Using Sageworks’ data from 2001 to 2011, researchers from New York University, Harvard and NBER found in a July 31 paper that private firms invest significantly more than publicly traded companies of similar size and industries. Private companies also invest in a way that’s 3.5 times more responsive to changes in investment opportunities, especially in industries in which stock prices are most sensitive to earnings news, said the report’s authors, John Asker from NYU’s economics department and business school; Joan Farre-Mensa from Harvard’s business school; and Alexander Ljungqvist from NYU and NBER."

Excerpt from The Huffington Post -- "Just as companies have begun in recent years to monitor social media like Facebook and Twitter for feedback, the recent spate of high-profile recorded customer-service calls may push some companies to improve their customer service, according to Priya Raghubir, a professor of marketing at New York University's Stern School of Business. 'Just the mere fact that consumers could be doing this will get companies to start being a little more cognizant of trying to reduce the extent they try to hold customers hostage,' Raghubir told HuffPost."

Excerpt from Bloomberg -- "I think [Google's] ultimate goal, even if none of these great things - self-driving cars, or blimps that increase broadband - come to fruition ... as long as they maintain that status as the supreme source, the most trusted source of information in the world, they're going to do just fine without driverless cars or any other product. So the future looks pretty good for them other than the law of big numbers. It's hard to improve a 400 billion dollar market cap."