Economics

PSFK’s Interview with Steve Faktor: Fostering Innovation In The New Workplace [Future Of Work]

This is a reprint of the original interview I did with the popular innovation blog from consultancy PSFK.  We talk to innovator, futurist, and author of the book ‘Econovation’ about how impermanence, gamification and sensory stimulation are crucial in today’s developing office culture. As part of our Future of Work Series, PSFK reached out to […]

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3 Big Lessons for College Freshmen: My Speech to NYU Stern’s New Undergraduate Class

Below is a transcript of a speech I gave on August 27, 2012 to NYU Stern’s 600+ incoming freshmen and transfers. I’ll post the video when I get it…if the quality is halfway decent. It’s exciting to see all these bright shining faces.  You’ll look nothing like this after your first all-nighter studying for your

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Are you TED-worthy?

In one episode of Seinfeld, Elaine finds out the birth control sponge was discontinued. So she buys up all available inventory and obsesses over how “Spongeworthy” her many suitors are. Like Elaine, we luxuriate in the abundance of the information age, but it also hides some uncomfortable scarcities. In watching the recent TEDGlobal event in

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America’s Last Stimulus: 5 Ways to Use Europe’s Crisis to Create US Jobs

This is an abridged version of the original article I wrote for Business Insider.  In a forgotten corner of the White House sits a huge, Parthenon-shaped cake. Nearby, Ben Bernanke and Timothy Geithner are dancing like Zorba and dripping with hummus. Why all the glee?  It’s because Europe just gave the U.S. an amazing gift – the

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Why Walmart and Other Retailers Are Muscling in on Mobile Payments

Having led innovation at Amex, MasterCard and Citi, I know where the bodies are buried. I also know that payment wars aren’t just about fees anymore. That’s so 1990’s.  Years ago, when Walmart threatened to enter payments and banking, incumbents nearly soiled their Hanes. After a little sword-fighting, providers slashed their margins so thin, big

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