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  • Inflation in the U.S. is at a 30 year high, and many Americans have noticed a cost increase in the items that they purchase every day. Last month, President Biden renominated Jerome Powell to a second term as Federal Reserve chair and combating inflation will be Powell’s top priority entering this term, or at least the priority that people care about the most. There are several levers that the Fed can pull to attempt to combat this inflation. As Powell announced last month, quantitative easing is the lever that they plan to pull right now. Quantitative easing, or QE, is a Fed program that purchases financial assets from the market in order to get more cash into the American economic system.…

    Nate Hoey December 9, 2021
  • This interview is a follow-up to our Wellness & Busyness article from November, in which we received an overwhelming response from students regarding their tactics to balance life, work, and attaining MBAs in a society that tends to glorify “busyness.” Allyson Dhindsa is an associate director in the Office of Career Development at Stern. She coaches full-time MBA students 1:1 as well as in groups, on attaining internships and full-time roles, particularly those with non-traditional backgrounds. She looked over our raw data (anonymous still) from the survey and sat down with me to give her thoughts on busyness in business school, from the perspective of a career coach.…

    Phuong Tran December 9, 2021
  • We are proud to continue our agony advice column, Dear Oppy: B-School Advice for the Everyday Sternie – “real questions, terrible advice.”

    The Oppy can be quite Stern at times but is here to answer the queries and qualms of all MBA students so send them his/her/their way at oppy@stern.nyu.edu or fill this out, anonymously.

    Dear Oppy,

    Attending DBis and developing DBi boyfriends was my No. 1 dating strategy. When will they finally come back!?

    Sincerely,

    No date since March 2020

    Dear No date,

    First of all, allow me to compliment you on your enterprising nature and your efficiency. Romance, international travel, and developing critical business skills all in one 1.5-credit span?…

    Oppy Staff December 9, 2021
  • This weekend, upon hearing the Biden administration’s bold move to announce a diplomatic boycott of the upcoming Beijing Winter Olympics, I was thinking about the halcyon days of late 1979, when the Soviet Union invaded Afghanistan, only to be met by the fierce international response of a U.S. boycott of the next year’s Summer Games in Moscow. Leonid Brezhnev and the Soviets cowered in the face of such a firm display of disapproval, and within weeks, the Soviets had left Afghanistan in one of the last great foreign policy achievements of the Carter administration.

    What, what? Really?

    Ok, so apparently this is less a major historical turning point and more a dream I, or possibly Jimmy Carter, had Sunday night.…

    David Kalan December 8, 2021
  • We’re baaack, now serving up a single playlist each semester so you have a little treat at the end. Thanks for your submissions this fall. Hopefully this will get you through finals and the end of another weird calendar year. 

    FALL/WINTER ‘21 STERNSOUNDS PLAYLIST

    Follow The Oppy’s Spotify

    Stay grooving.…

    Phuong Tran December 9, 2021
  • Last semester, The Oppy wanted to reach out to other business school newspapers around the country to get a sense of how they’re running their papers. After countless emails and Zoom meetings, we have discovered that out of the top 20 MBA programs in the U.S., there are only three schools with still-active graduate business newspapers: HBS, Booth, and of course, yours truly, Stern. The three editors-in-chief from these newspapers decided to form a coalition and have been having monthly meetings to share ideas and content. The Oppy is going to share with you some of the best articles from their monthly issues.…

    Deirdre Keane December 9, 2021
  • Lately, there has been a lot of buzz surrounding business development companies and people’s preference toward them as opposed to investment banks. Business development companies are essentially publicly traded closed-end funds that provide capital appreciation and income. BDCs give smaller companies the capital they need for growth. They are independent and answer to their own board of directors. BDCs are a combination of an investment company and an operating company that provide financing to small- and mid-sized businesses.

    Small to mid-sized businesses prefer BDCs to investment banks because investment banks are highly regulated by the Federal Reserve. BDCs represent a transparent portfolio of loans that can be traded publicly with little to no regulation.…

    Kathryn Whitney December 9, 2021
  • By Erin Pace

    In the animal world, adaptation is key to survival and chameleons are king. Similarly, Adaptation is an aim on the Intercultural Development Continuum. The below continuum portrays the spectrum on which one’s intercultural competence may fall.  Most humans must consciously work to achieve Adaptation, the highest form of intercultural competence. 

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    Source: Intercultural Development Inventory Report

    The Intercultural Development Inventory (IDI) is the assessment that many of us took when we first arrived at Stern.* This test revealed where we fell on the above Intercultural Development Continuum. For the most part, we learned that we are not great at interacting with other cultures and we need to do better in order to thrive in our increasingly multicultural business and personal worlds.…

    Oppy Staff December 8, 2021
  • “Ocean fire,” as described by my partner (pictured)

    Every year around October I can expect a massive group text from my family inviting me to the annual thanksgiving dinner at Aunt Amany’s house. Though my generation is the first born in America, our Thanksgiving is mostly similar to a conventional one – lots of family, lots of food, football on TV, kids on their cellphones and mother-in-laws critiquing their son’s wives, discussing how the season feels uncharacteristically warm again (trend anyone?).

    This year, my partner and I decided to do something different – go to Mexico and avoid the whole thing.…

    David Kammiel December 9, 2021
  • “You want to be engaged in what you do. Passion can be a hobby, but engagement ensures you’ll be excited about it, so you’ll work harder and network better.” 

    This month’s Stern Faculty Spotlight is Marc DeBevoise, who has had an illustrious career in digital media and technology. He received his MBA from Stern, where he specialized in Entertainment, Media and Technology. He then went on to build a career in digital media, first as an executive at CBS and ViacomCBS through the digital revolution and into the current age of direct-to-consumer streaming, and more recently as the CEO of CBS Interactive and Chief Digital Officer of ViacomCBS.…

    Phuong Tran December 9, 2021
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THE STERN OPPORTUNITY

The Federal Reserve’s Role in Controlling Costs

Inflation in the U.S. is at a 30 year high, and many Americans have noticed a cost increase in the items that they purchase every day. Last month, President Biden renominated Jerome Powell to a second term as Federal Reserve chair and combating inflation will be Powell’s top priority entering this term, or at least the priority that people care about the most. There are several levers that the Fed can pull to attempt to combat this inflation. As Powell announced last month, quantitative easing is the lever that they plan to pull right now. Quantitative easing, or QE, is a Fed program that purchases financial assets from the market in order to get more cash into the American economic system.…

Wellness & Busyness Part 2: Interview with Allyson Dhindsa, Career Coach at Stern

This interview is a follow-up to our Wellness & Busyness article from November, in which we received an overwhelming response from students regarding their tactics to balance life, work, and attaining MBAs in a society that tends to glorify “busyness.” Allyson Dhindsa is an associate director in the Office of Career Development at Stern. She coaches full-time MBA students 1:1 as well as in groups, on attaining internships and full-time roles, particularly those with non-traditional backgrounds. She looked over our raw data (anonymous still) from the survey and sat down with me to give her thoughts on busyness in business school, from the perspective of a career coach.…

Dear Oppy: December 2021

We are proud to continue our agony advice column, Dear Oppy: B-School Advice for the Everyday Sternie – “real questions, terrible advice.”

The Oppy can be quite Stern at times but is here to answer the queries and qualms of all MBA students so send them his/her/their way at oppy@stern.nyu.edu or fill this out, anonymously.

Dear Oppy,

Attending DBis and developing DBi boyfriends was my No. 1 dating strategy. When will they finally come back!?

Sincerely,

No date since March 2020

Dear No date,

First of all, allow me to compliment you on your enterprising nature and your efficiency. Romance, international travel, and developing critical business skills all in one 1.5-credit span?…

Maybe We Should Boycott Olympic Boycotts

This weekend, upon hearing the Biden administration’s bold move to announce a diplomatic boycott of the upcoming Beijing Winter Olympics, I was thinking about the halcyon days of late 1979, when the Soviet Union invaded Afghanistan, only to be met by the fierce international response of a U.S. boycott of the next year’s Summer Games in Moscow. Leonid Brezhnev and the Soviets cowered in the face of such a firm display of disapproval, and within weeks, the Soviets had left Afghanistan in one of the last great foreign policy achievements of the Carter administration.

What, what? Really?

Ok, so apparently this is less a major historical turning point and more a dream I, or possibly Jimmy Carter, had Sunday night.…

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