Humanities & Society

NorthDouglass C. North, Ph.D., the Spencer T. Olin Professor in Arts & Sciences and a co-recipient of the Nobel Memorial Prize in Economic Science, joined a panel of distinguished economists in Denmark May 24-28th for an intensive forum exploring the costs and benefits of ongoing efforts to address critical global challenges, such as war, famine and disease.

Sadat”The story of abuse at Abu Ghraib prison is shocking, and certainly requires a full investigation, and perhaps the criminal prosecution of some of those either directly or indirectly responsible,” says Leila N. Sadat, vice-president and co-director of studies of the American branch of the International Law Association. “However, one thing the story is not, is new. While leading an International Bar Association training program for Iraqi lawyers, judges and prosecutors in Dubai in February, I saw a story on CNN International which reported that 17 soldiers had been relieved of command due to allegations of torture and abuse. Sadat comments on her discussions with Iraqi lawyers as well as the treatment of civilians in the prison.

Areas of red and yellow show increased uptake of the altanserin tracer due to binding to the serotonin receptors.Most of us feel sad from time to time, even very sad, but during a bout of clinical depression, a person is unable to escape their low mood for several weeks at a time. A popular and effective treatment for depression involves a class of drugs called selective serotonin reuptake inhibitors (SSRIs). Those drugs increase serotonin levels in the brain and help relieve symptoms of depression, and most scientists believe the brain chemical serotonin plays a key role in depression. Now neuroscience researchers at Washington University School of Medicine in St. Louis have found that in people who are depressed, a key brain structure has an abnormally low number of cellular serotonin receptors.

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.