Humanities & Society

Photo courtesy Dept. of Transportation”Urban Sprawl and Transportation Policy” is the topic of a Weidenbaum Center “St. Louis Series” forum to be held from 8 a.m. until noon May 7 in Room 300, Arts & Sciences Laboratory Sciences Building at Washington University in St. Louis.

The International Monetary Fund (IMF) bills itself as an organization of 184 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty. While the IMF’s objectives are laudable, a study just published in the Journal of Conflict Resolution provides compelling evidence that IMF intervention actually has a substantial negative impact on at least one important indicator of a country’s long-term economic vigor – the level of foreign direct investment in that country by private investors.

StreeterThe European Union (EU) added 10 new member nations on May 1, enlarging the union to a total of 25 countries with a combined population of 458 million. The U.S., with a total population of 293 million is still the sole political and economic superpower of the world but may yet be challenged by the EU for that status, according to William J. Streeter, a professor of international business at the Olin School of Business at Washington University in St. Louis.

The rise of corporate bankruptcies over the last few years has prompted legislators and academics alike to push for bankruptcy law reform. Fearing the death of legal liability, these reformers are calling for increased creditor protectionism through the weakening of limited liability and the reversal of “judgment proof” transactions such as the creation of special purpose entities (SPE) commonly used for the sequestering of assets. “Letting intellectual property (IP) assets slip into a bankruptcy estate is a dangerous idea,” says Troy Paredes, associate professor of law at Washington University in St. Louis.

The recently proposed rule by the Financial Accounting Standards Board (FASB) that requires companies to treat employee stock-option compensation as an expense on corporate income statements will reduce the reported income of firms, according to Todd Milbourn, a professor of finance at the Olin School of Business at Washington University in St. Louis. The new rule, if finalized after a 90-day comment period, will go into effect next year.

Keeping in touch with college friends.For many college students who have just completed their freshman year, coming home for an entire summer after being on their own can be quite an adjustment. For their parents it can be just as tough. Issues of curfews, privacy, chores and schedules can put a strain on the family dynamics. The solution, says an expert on the freshman transition at Washington University in St. Louis, is open communication and support for a student’s burgeoning independence.

Although the focus of homeland security has been on reducing the threat of terrorism, the growing threat of poverty is rapidly undermining the nation’s economic vitality and has fueled rising disillusionment, says one of the nation’s leading scholars of poverty issues. “We need to wake up in America and realize that our homeland security is tied as much if not more to the fact that huge numbers of Americans are being left behind economically, and that as a result, the American Dream is quickly turning into an American nightmare,” says Mark R. Rank, Ph.D., the Herbert S. Hadley Professor of Social Welfare at Washington University in St. Louis.

Summer programs should match a child’s interests, activity level and appropriate age group — and be fun.Summer is just around the corner and that means time for barbecues, baseball and beaches. And kids home from school, sending parents on the age-old quest for finding ways to occupy their child’s time. Some educational experts at Washington University in St. Louis say that opportunities abound for kids aged 2 to 18, and it’s important to tailor them to the needs and abilities of the child.

Photo courtesy University of IowaCould there be a link between the obesity epidemic and eugenic thinking? A historian of science at Washington University in St. Louis poses the question.As obesity rates continue to grow in the United States, threatening the health of millions of Americans, a historian of science warns that social problems such as this cannot be solved through science, especially genetics, alone. In this new “gene age” in which large amounts of research funds are used for studies on the genetics of such complex social traits as alcoholism, criminality or obesity, for example, Garland E. Allen, Ph.D., professor of biology in Arts & Sciences at Washington University in St. Louis, says the climate is ripe for a “re-packaged” eugenics in American society. Allen points out that 100 years ago, eugenics, a movement that claimed many social, personality and mental traits were hereditary, was emerging as a major social movement in Europe and the United States. His concern: it might well still be with us today.

As the Securities and Exchange Commission debates new rules that would require mutual funds to disclose how fund portfolio managers are compensated, research by two scholars at the Olin School of Business at Washington University in St. Louis shows that money manager pay is more influenced by the success of their firm than the investment performance of their clients. The survey of portfolio managers finds that firm success-factors such as firm profitability have more impact on portfolio managers’ bonuses than client success factors like investment performance, though managers are more likely to be dismissed for poor investment performance.