Experience Stern | News & Events

Excerpt from The Wall Street Journal -- "America has a severe plumbing problem. When it comes to crude oil and natural gas, the country can’t seem to replace its aging pipes or put in new lines to meet market demand on a timely and cost-efficient basis. For all the current administration’s vocal support of the industry, the situation has worsened under President Trump."

Excerpt from The New York Times -- "In a paper published Monday, Michael Waugh, a professor of economics at the New York University Leonard N. Stern School of Business, argued that China’s retaliatory tariffs were also having an effect on spending by Americans. The paper showed that parts of the United States that were most exposed to the tariffs China had put on American products in response to the trade war — including the upper Midwest, the West Coast, and parts of Texas, Kansas, Oklahoma and Nebraska — had also seen a drop in consumer spending on automobiles, as well as job creation."

Excerpt from The Conversation -- "When the Colt gun manufacturing corporation announced in September that it would stop producing its AR-15 semiautomatic rifle for sale to the general public — to focus on handguns and military production — some gun-control advocates declared victory, saying the move would help limit the availability of assault weapons in the US."

Excerpt from Strategy + Business -- "Globalization and international commerce have faced strong headwinds before, as author Pankaj Ghemawat notes in his book The New Global Road Map: Enduring Strategies for Turbulent Times (Harvard Business Review Press, 2018)."
 

Excerpt from Medium -- In my experience employees today, more so than ever before, aspire to join organizations that are purpose-driven. Employees are much more likely to be engaged and happy at their company if the organization’s mission and values resonates with their own personal values. Organizations that work to align their culture with their business strategy achieve happy and engaged employees, but it requires a meaningful commitment and unfortunately many organizations fall short.

Excerpt from Yahoo Finance -- "'Unfortunately there is too much uncertainty. We don't really know how things are going to go-- if we're going to go towards reduction of tariffs and an actual agreement within the next couple of months or if we're going to go in the opposite direction. I am more inclined to say we are going to go in the first direction towards an agreement, but at the same time there's a lot of uncertainty.'"

"Melissa Schilling, in her book, 'Quirky,' points to a high level of self-efficacy as one of the key factors in “serial breakthrough innovators”—the likes of Albert Einstein, Marie Curie, Thomas Edison, Nikola Tesla, Dean Kamen, Steve Jobs, Elon Musk."

“Ideas mean that we can have sustained economic growth, and we will not only have more stuff but be better people.”

Excerpt from GARP.org -- "Michael Pinedo, Julius Schlesinger Professor of Operations Management at New York University's Stern School of Business, says the aggregation and standardization of banks' data 'is a valid approach,' but any such effort needs to be assessed regarding the technical details and the degree of statistical expertise employed."

"Under Mr. Manley’s leadership, Jamaica began borrowing heavily to pay for social programs, setting the stage for Jamaica’s recent fiscal struggles, according to Peter Henry, a Jamaican-born economist and former dean of New York University’s business school."
 

“'Some researchers have described phones as adult pacifiers, because they act like pacifiers do for young kids: They soothe anxiety and other forms of psychological discomfort,' said Adam Alter, Associate Professor of Marketing at New York University’s Stern School of Business and author of Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked."

“Americans are increasingly likely to get news from social media sites, even as large percentages of Pew respondents say they’re wary about whether that news is biased or sensationalized,' Barrett told Quartz over email. 'This is a recipe for voter cynicism and intensified political polarization.'"

“Why is espousing the "Slow Movement" beneficial? Dolly Chugh, a psychologist and NYU professor, gave TODAY three reasons why it's important to slow down.”

"That’s because brokerage commissions already were so low that they amounted to nothing more than a 'drop in the bucket' of total transaction costs, according to Aswath Damodaran, a professor of finance at the Stern School of Business at New York University."

"Target Circle is the latest entry in what NYU business professor Alixandra Barasch calls 'an arms race' — one in which retailers are trying to one-up their competitors by offering gold and platinum elite levels and investing big money."

"Lawrence White, professor of economics at New York University’s Leonard N. Stern School of Business, told InsideSources he thinks Deutsche Bank’s report exaggerates the impact of fintech on the banking community."

"A desire for individuality isn’t the only thing driving young people away from mall retailers, according to Serdari. 'We have a new generation that is more sophisticated in the sense that they are more interested in what they’re consuming,' she says. 'They have strong convictions about what they should be wearing and the ethical and authenticity aspects of it, and transparency in terms of manufacturing—especially the ones that are really concerned about climate change.' She pointed to Greta Thunberg and the success of her recent student climate protests as an indicator of what Generation Z is willing to do in order to stand up for their beliefs."

On October 2, NYU Stern's "In Conversation with Lord Mervyn King" series hosted Sir Angus Deaton, Nobel Laureate, senior scholar and professor emeritus, Princeton University, and presidential professor of economics, University of Southern California.

"There probably are a minority of WeWorks that are cash-flow positive and could sustain a corporate headquarters with 80 percent fewer staff. They have 15,000 employees; I don’t see any path that doesn’t involve 5,000 to 10,000 layoffs in the next 60 days."

"'Selling Didi's shares at [a] discounted price doesn't seem unnatural considering the stock price of Uber and Lyft,' said Jihoon Rim, a former CEO of Kakao, a South Korean messaging app that also has a taxi service who is now a professor at New York University. 'When you see a global peer suffering, it is difficult to defend the stock unless you can argue it is different.'"

"What's more, Walter says signing on to the UN principles can be a preemptive exercise by banks 'aiming to ward off regulation.' They are 'making the case that, post-financial-crisis, they have learned some valuable lessons, they understand where they went wrong, and are changing their ways, as encapsulated in the Principles for Responsible Banking.'"
 

Excerpt from Family Circle -- "If you have a very clear memory of reading an email, but you've searched and searched and still can't find it in any file...check your texts. 'It happens all the time--a conversation will continue on three or four different forms of communication,' says Adam Alter, associate professor at [the] Stern School of Business at New York University and author of Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked. 'It's the perfect recipe for dropping the ball.'"

"'The difficulty is these threats are morphing and proliferating,' Barrett tells Fortune. 'My impression is that the tech companies are trying in good faith to protect their users, but the new threats are challenging even for someone with Facebook’s technological prowess.'"

Excerpt from Poets & Quants -- "...a few highly ranked schools have launched high-profile new programs to respond to the demand — among them, NYU’s Stern School of Business and Duke University’s Fuqua School of Business."

Excerpt from WalletHub -- "Some people do not correctly anticipate how much more interest they will pay, and as a result end up paying too much. A personal loan typically has a defined schedule of payments. This may be helpful for people who have trouble estimating how much interest they will pay and as a way to organize their repayment."