Experience Stern | News & Events

Excerpt from NPR -- "The study looked at what happens when one of those states changes its corporate tax rate, and how it affects different parts of the region. Their conclusion: Tax increases can hurt a region's economy, but no evidence exists that tax cuts spur growth."

Excerpt from The Wall Street Journal -- "States usually team up to prosecute large corporations like Google, with bigger states like New York or California leading the way, said New York University economics professor Nicholas Economides. He predicted Missouri would try to recruit other states if it seeks charges. 'Google is going to be a significant case,” he said. “If it’s going to be just Missouri, that would be a very unequal fight.'"

Excerpt from The Wall Street Journal -- "'The overwhelming story is that it doesn’t seem to matter what Uber does with fares' when it comes to driver earnings, said John Horton, an NYU assistant professor of information, operations and management sciences, and a co-author of the study, called “Labor Market Equilibration: Evidence from Uber."

Excerpt from The Wall Street Journal -- "Almost every big company using AI to automate processes has a need for humans as a part of that AI, says Panos Ipeirotis, a professor at New York University's Stern School of Business. America's five largest financial institutions employ teams of non-engineers as part of their AI systems, says Dr. Ipeirotis, who consults with banks."

Excerpt from Business Insider -- "The global economy keeps growing, the inflation rate is still low, and central banks slowly depart from their unconventional, extra-easy monetary policy. Investors buy risk and their attitude toward the risk is optimistic. So, right now I don’t see any major threats."

Excerpt from BusinessBecause -- "Nicholas thinks that, in some instances, the onus lies with governments. The Irish government did little to discourage Apple from exploiting a tax loophole. 'The tax issues with Apple in Ireland came from the way the Irish government wrote their contracts,' he explains, 'Apple was paying almost no tax at all as a result of that.'"

Excerpt from The New York Times -- "More and more, we are wondering why, when we know the top Silicon Valley companies are not benevolent, we invite them into the most intimate areas of our lives, as Scott Galloway asks in 'The Four,' a book about how Amazon, Apple, Facebook and Google are refashioning the world. 'Are these entities the Four Horsemen of god, love, sex, and consumption?' Mr. Galloway wonders. 'Or are they the Four Horsemen of the Apocalypse?'"

Excerpt from Fox Business -- "Like all big conflicts over the last 100 years, the war against big tech is going to break out in continental Europe. No university buildings or hospital wings are named after Facebook or Amazon billionaires in Europe. They register…a fraction of the upside but a lot of the downside in terms of anti-competitive or job destruction which is going to stiffen the backbone of EU regulators."

Excerpt from Bloomberg -- "'The rule-makers have woken up to the fact that they can’t regulate Uber and Lyft out of existence but at the same time I think cab companies start out with a legacy problem,' said Aswath Damodaran, a professor at the New York University Stern School of Business."

Excerpt from Accounting Today -- "Overall, our findings are consistent with the view that mandating a fully independent audit committee with at least three outside directors is not, on average, value enhancing…Assess[ing] changes in financial reporting quality…we find no evidence that [the rule] produced tangible benefits to shareholders."

Excerpt from El Pais -- (translated from Spanish using Google Translate) "'Technology companies fear that, sooner or later, [governments] will try to pass a regulation that substantially alters their business model,' explains Pankaj Ghemawat, a professor at New York University and IESE Business School. Author of World 3.0: Global Prosperity and How to Achieve It."

Excerpt from Philstar.com -- "The DHL Global Connectedness Index – which tracks international trade, capital, information and people flow – shows that globalization slowed down in 2015 but did not go into reverse. Updated data for 2016 for trade and investment suggests a continued slowdown but still no reversal."

Excerpt from Xinhua -- "Corporations would have greater levels of profitability due to lower taxes, while higher level of profitability for corporations leads to higher stock prices, Robert Salomon, associate professor at the Stern School of Business, New York University, told Xinhua in a recent interview."

Excerpt from The New York Post -- "'This was probably due to hurricane impacts but fits into a larger trend where wage growth has been weaker in this recovery than prior ones,' Joseph Foudy, a business professor at New York University, told The Post."

Excerpt from The Ringer -- "Alter and colleague Daniel Oppenheimer studied the performance of hundreds of stocks from 1990 through 2004 and found the ones with simpler names were the ones that performed better. The same went for politicians ('people prefer politicians with simpler names') and lawyers in American firms ('fluent names rise up the legal hierarchy to partnership more quickly')."

Excerpt from Fox Business -- "Simplification.. one page.. that is music to my ears. At the same time, we've got to remember, we've got all these things we as a population, we as an electorate, want to have done, whether it's having a safe country, increasing the capability of the men and women who serve in our armed forces, getting a better air traffic control system, getting more potholes fixed in our roads... all of those things, we've got to pay for them somehow."

Excerpt from Bloomberg -- "I have studied the mobile economy for awhile now and I am fascinated by the facial recognition technology that the new iphone X has. China has been the trendsetter in the mobile economy and everybody else is actually following them. One particular aspect that fascinates me is facial recognition...a lot of consumers in China are accustomed increasingly to having facial recognition technology and my sense is that this particular technology and the iphone X is something that will be well received."

Excerpt from Bloomberg -- "WeWork started testing a program last month to let Airbnb guests in six cities save spots at co-working offices nearby. If WeWork pursues more short-term rentals, the company could benefit from how Airbnb legitimized unconventional travel accommodations, says Arun Sundararajan, a professor at New York University who wrote a book about the sharing economy."

Excerpt from the Los Angeles Times -- "Schoenholtz and others who have seen Powell speak and engage with audiences say that Powell knows how to communicate and that he has learned leadership skills at the Fed and in Treasury. Before joining the Fed, Powell had been a visiting scholar at the Bipartisan Policy Center think tank and a partner at the Carlyle Group, a high-powered Washington, D.C., asset-management firm. 'He’s had a long experience at the Fed, and he’s been part of the process of creating consensus there about policy,' Schoenholtz said."

Excerpt from CFO -- "'Mandating a fully independent audit committee with at least three outside directors is not, on average, value enhancing,' write the authors, Seil Kim of the City University of New York and April Klein of New York University. The study’s findings are based on financial and governance information on 1,122 companies drawn from several large databases."

Excerpt from Bloomberg -- "If The New York Times can protect us from the weaponization of their platform with $90 million in cash flow, Facebook can figure it out with $12 billion. Facebook could hire 10,000 people to screen content, they could spend a half a billion dollars a year on artificial intelligence to help those people identify and flag that content, and it would dent their free cash flow five or 10%. When big tech tells you something is impossible, that's Latin for, 'we would be less profitable if we did this.'"

Excerpt from the Chicago Tribune -- "'It makes complete sense from the perspective of the pricing game. It’s a traders’ game right now,' said Aswath Damodaran, finance professor at New York University’s Stern School of Business. 'It does absolutely nothing in advancing bitcoin’s cause as a digital currency.'"

Excerpt from Christian Science Monitor -- "'I think bitcoin is more of an investment security than a currency,' David Yermack, a finance professor at New York University’s Stern School of Business, writes in an e-mail. Some 90 percent of the transactions appear to be between investors rather than as payments for goods and services, he says."

Excerpt from CBS News -- "Russell Winer, a marketing professor at New York University's Stern School of Business, believes the company is not a pyramid scheme. 'If there are products that are actually being sold to consumers, then it's not a pyramid scheme,' he told Werner."

Excerpt from DNAinfo -- "'The LLC constructions are common, especially on the higher end,' he said, noting that a report from the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) found that 30 percent of sales involving LLCs were connected to people who had been reported for suspicious activity by financial institutions. 'Once this type of activity receives a lot more scrutiny, as it certainly will because of the Manafort case, it will temper enthusiasm for these purchases and put further pressure on an already shaky New York luxury market,' Van Nieuwerburgh said."