Experience Stern | News & Events

Excerpt from Charlie Rose -- "After the global financial crisis, somepeople like Mohamed El-Erian, who is the co-CEO of PIMCO, said we are entering the new normal, a period of time where economic growth in advanced economies would be low, anemic, sub-par and so on...Our point is that this situation is one that is not a stable equilibrium. It is not even a stable disequilibirium. It is an unstable disequilibrium. Take for example the eurozone. You can't have just a monetary union without banking, political, economic, fiscal union. Either you move towards more integration, or you are going to have fragmentation disintegration."

Excerpt from Mashable -- "'We saw a huge opportunity for the installed base of cars,' Jamyn Edis, co-founder and CEO of Dash, told Mashable in an interview. 'We've only scratched the surface around what you can do with all that data.' Edis described Dash as being like a 'Fitbit for cars,' and said it aims to help people drive more safely through real-time feedback, and to better track the wear and tear on their car, so they know when to bring it in for repairs."

Excerpt from Bloomberg TV -- "It feels like in this instance it's one of the few environments you look at where transparency doesn't help because they can never be fully transparent. And people start, there's sort of this kabuki dance where everyone is interpreting it a different way so it feels to me like you need one voice and that voice should probably be Bernanke and then we can all interpret it how we want. But my sense is we spent a lot of time staring at our navel trying to figure out every single piece of information and interpret it and it doesn't really add to the dialogue."

Excerpt from Bloomberg TV -- "American violations of privacy were usually about the bad guys and it was going to be used against us. Now, the bottom line is, Americans have their privacy violated every day and they're fine with it as long as they get a coupon at the end of the violation or they feel more secure. Americans have been forced to signal what are their priorities. They've put security well ahead of privacy."

Excerpt from China Economic Review -- "In Asia, risk is increasing, and has been increasing for a decade. The financial crisis did not show up very much in Asian banks, but they look substantially riskier today than they did five years ago. And in China, the rate of increase is very high. Its banking sector is taking on a risk at a very rapid rate. This is by publicly available accounting numbers. So, my feeling is, at the moment, that China is big enough, strong enough that they could recapitalize the banks."

Excerpt from TIME -- "'These are new models, and they don't fit into the old boxes,' says Arun Sundararajan, a professor at New York University's Stern School of Business who studies the sharing economy."

Excerpt from the Economist -- "A 2011 paper by Xavier Gabaix of New York University explains how diversification works when firms are independent and their sizes follow a regular “bell-shaped” distribution. Imagine an economy where one firm produces everything: its volatility of earnings determines volatility in GDP. But as the number of firms grows GDP volatility shrinks, because firms’ shocks cancel out. With 100 firms, volatility falls to a tenth of the level in a one-firm economy; with 1m firms, it falls to a thousandth. Since there are more firms than this, company-specific shocks disappear."

Excerpt from Big Think -- "So after a hurricane comes through, if it’s a damaging hurricane there will be considerable attempts to raise funds. So what you find is that people are much more likely to give to hurricane aid when the hurricane happens to share their initial."

Excerpt from The New York Times -- "Bryan Bollinger, who also worked on that study, drew my attention to something else in it. For the most part, Starbucks customers ordering sugary, creamy coffee beverages kept on doing so, seemingly because they had already figured that the drinks were fattening and had made a flabby peace with that. But customers indeed adjusted their food orders upon realizing that a pastry could easily exceed 400 calories. They hadn’t bargained on, or planned for, that. 'What really matters is what your prior beliefs are,' said Bollinger, who teaches marketing at New York University’s Stern School of Business."

Excerpt from Caijing Magazine -- (Loosely translated by Google from Chinese) "To celebrate NYU Shanghai--two Nobel Laureates Michael Spence and Robert Engle, New York University's Stern School of Business, attended the forum and made speeches."

Excerpt from Outlook India -- "According to Damodaran, an investment philosophy 'is a core set of beliefs about markets, a behavioural set of assumptions about how markets work, how they fail to work, and how to take advantage of common mistakes made by investors in the markets. This is as opposed to an investment strategy, such as buying low price to earnings stocks or going contrarian.'"

Excerpt from Bloomberg -- "'I would be surprised if they allow this [slowdown of growth] to go on much longer,' Nobel laureate Michael Spence said in an interview in Shanghai yesterday."

Excerpt from The Guardian -- "Olympic competitors, when they're randomly drawn, when they are in combat sports, they're randomly drawn to wear either red or blue and when they get red, they do better. They win about 65% of bouts when they're evenly matched. So red is a winning color."

Excerpt from CNC World -- "My thinking is that this immediate short-run market reaction on the day of the announcement was a bit of an overreaction because this was all predictable. That said, in the longer run, moving forward over the course of the next year, interest rates will be moving up. The long-term U.S. government bond rates have been at historical lows for a long, long, long time. They are going to be easing up over time as the Fed reduces its easing policy and the economy begins to improve."

In celebration of the launch of NYU Shanghai, the University’s third portal campus, NYU Stern held its biennial Global Alumni Conference in our newest home of Shanghai June 20-22, 2013.

Excerpt from Reuters TV -- "You should look at [the 1950s] because that's a period when not quickly but just gradually, long-term government bond interest rates trended up from 2 1/2 percent, where they were at the beginning of the period, to between 4 1/4 and 5 percent toward the end of the period, and while that was happening, the stock market had a great boom."

Excerpt from Bloomberg TV -- "[The proposed Federal Mortgage Insurance Corp.] is just going to be a recreating something that may have a different name but will end up being much like Fannie and Freddie."

Excerpt from The New York Times -- "To the extent that the U.S. government has excess revenue to subsidize the economy, it would be better to invest in more productive parts of the economy that offer higher rates of return, like education and human capital, or fixing the nation’s outdated and crumbling infrastructure."

Excerpt from China Daily -- "Michael Spence, a Nobel prize winner and now professor of economics at the Leonard N. Stern School of Business at New York University, is one who believes Lin is wrong to downplay the importance of domestic consumption. 'The supply-side shifts are important and necessary, but, for China, not sufficient. The demand- and income-side restructuring is also a key component,' he says."

Excerpt from Bloomberg Businessweek -- "Fashion may be an unconventional career choice for MBAs, but NYU’s Stern School of Business has a novel program for the sartorially inclined. Stern MBAs can apply to participate in the Stern Consulting Corps’ partnership with the Council of Fashion Designers of America, which pairs students with fashion designers for ten weeks to provide advice on a variety of subjects, including business plans, e-commerce strategies, and cash flow projections."

In celebration of the establishment of New York University’s campus in Shanghai, NYU’s Stern School of Business hosts this year’s Global Alumni Conference in Shanghai, its newest “home” city, from June 20-22, 2013.

2013年6月20日—中国上海浦东。为了庆祝上海纽约大学的成立，纽约大学斯特恩商学院将于2013年6月20日至22日，在“新家”上海举办今年的全球校友会。斯特恩商学院将召集包括两名诺贝尔经济学奖得主在内的核心教职人员、亚洲地区的重要商业、城市领导参与本届校友会，并邀请全球10万校友借此机会再次相聚，相互交流，讨论当下的商业话题以及中国在全球经济中的地位。

Excerpt from The European Financial Review -- "In the end, it is probably leadership more than anything else that separates winners from losers over the long term – the notion that appropriate professional behaviour reinforced by a sense of belonging to a quality franchise constitutes a decisive comparative advantage. In the absence of this crucial ingredient, the financial architecture will have to rely even more on intrusive and sometimes suffocating regulation – extending well beyond systemic issues – to protect the general public from systemic risk, ultimately at substantial cost to financial efficiency and economic growth."

Excerpt from Daily Mail -- "WeeSpring allows users to add friends via email or Facebook so they can share their trustworthy opinions on thousands of everyday essentials from cribs to car seats using a simple rating system. It was launched by New York-based couple Allyson and Jack Downey, who say that 'being a new parent is expensive enough, without buying things you don't need or that don't work.'"

Excerpt from Marketplace -- "'I think the markets ought to be seeing this as a good sign,' says Lawrence White, a professor of economics at NYU's Stern School of Business. White says if the Fed scales back the aid, the markets will see it as a vote of confidence in the economy."