Challenges for dollar, euro in global economy is focus of St. Louis conference, May 25

What challenges does globalization present for industrialized economies, such as the United States and the European Union? How will fluctuations in dollar and euro exchange rates affect economic growth, inflation and interest rates? Will globalization influence the role of the dollar and the euro in international financial systems? These are a few of the questions to be explored May 25 as high-ranking international finance policymakers from the European Union and the United States join scholars for a conference on “The Euro and the Dollar in a Globalized Economy” at Washington University in St. Louis.

Coffee, black, decaf and a little llama on the side

Assab and Massawa, the two camels that produced antibodies for the caffeine testThree llamas and two camels have provided a way to tell whether your waiter swapped regular coffee for decaf in your after-dinner cup. Using the heat-resistant antibodies these camels and llamas make, researchers at the School of Medicine are developing a quick test for caffeine that works even with hot beverages. The researchers plan to adapt their technology to a simple test (“dipstick”) that can be used to check for caffeine in a variety of drinks.

Study indicates restraint in federal regulator’s budget and staffing

WarrenSpending by federal regulatory agencies is scheduled to decline when adjusted for inflation according to “Moderating Regulatory Growth: An Analysis of the U.S. Budget for Fiscal Years 2006 and 2007,” this year’s edition of the annual report on regulatory spending and staffing by the Mercatus Center at George Mason University and the Weidenbaum Center on the Economy, Government, and Public Policy at Washington University in St. Louis.

Student online posts can negatively affect job searches, says career expert

David Kilper/WUSTL PhotoIn the fast-paced world of today’s college student, communication is key. Cell phones, iPods and laptop computers are now the norm, not the exception. Many students have even taken to creating their own Web pages on social networking sites like Facebook.com and Myspace.com. While being in touch and keeping friends and family informed are certainly important, students need to be careful of what they post on the Internet. It could have a very negative impact on finding a job after graduation, says a career expert at Washington University in St. Louis. More…

Antidepressant drug may prevent recurrence of depression in patients with diabetes

Patrick Lustman meets with a patient.A team of researchers at Washington University School of Medicine in St. Louis has found that an antidepressant medication may reduce the risk of recurrent depression and increase the length of time between depressive episodes in patients with diabetes. Controlling depression in diabetes is important in helping patients manage their blood sugar. As depression improves, glucose levels also tend to improve. Although depression affects about 5 percent of the general population, the rate is about 25 percent for patients with diabetes. More…

Leading law expert says reform of legal immigration criteria needed before illegal border crossing can be curbed

Joe Angeles/WUSTL Photo”Beefing up enforcement will never put a serious dent in illegal immigration unless it goes hand in hand with major reforms of our legal immigration criteria,” says Stephen Legomsky, an internationally renowned immigration law expert at Washington University in St. Louis. He gets frustrated when he hears people suggest that undocumented immigrants are “jumping the queue,” or that undocumented immigrants “should just wait their turns like everyone else.” More…
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