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Medicine & Health

Siteman Cancer Center and Washington University receive funding boost for research

The Alvin J. Siteman Cancer Center and Washington University have received from Alvin J. Siteman a commitment for an endowment that will provide at least $1 million annually to advance pioneering investigations into cancer prevention, diagnosis and treatment. The new endowment establishes the Alvin J. Siteman Cancer Research Fund, which will provide support for transformational scientific contributions that address the challenges associated with overcoming cancer. 
Business & Entrepreneurship

Economic recovery: don’t count on consumers

Steve Fazzari What will generate the growth necessary to put many of the unemployed back to work again?  That’s the question economist Steve Fazzari is asking as we move past the first recession of the 21st century.  “In the deep downturns of the 1970’s and early ’80’s, strong consumer spending growth led to strong recoveries. Unfortunately, I just don’t see that happening this time”  says Fazzari.  Includes video interview.
Business & Entrepreneurship

Did infectious leverage cause the financial crisis?

Banks and borrowers went on a leveraged consumption binge that led to the financial crisis in 2008 according to Anjan Thakor. And the entire economy is still feeling the hangover pain from the credit-fueled party that caused bank failures and forced foreclosures across the country. Thakor’s new research examines the cycles of leveraged borrowing by banks and consumers as a possible cause of the crisis. His new theory of ‘infectious leverage’ could help prevent future financial meltdowns.
Business & Entrepreneurship

Bernanke’s ‘Great Moderation’ is not over

Fed Chairman Ben Bernanke coined the phrase “the Great Moderation” back in 2004 to refer to the relative stability of the U.S. economy over the previous two decades. Many believe “The Great Recession” of the past two years has jolted the economy out of its moderate mode and back into a state of high volatility. Washington University in St. Louis economist James Morley disagrees. He argues the Great Moderation is alive and well and will help the economy recovery from this latest financial shock.
Business & Entrepreneurship

Olin launches executive education programs in Kansas City

Olin Business School is taking its executive education programs on the road and due west on I-70. Destination: Kansas City. Senior faculty will offer the same top-ranked seminars and the 20-month Executive MBA degree program to Kansas City-based professionals as those offered on the St. Louis campus. Olin’s executive MBA program was established in 1983 and has been offered in conjunction with Fudan University in Shanghai, China since 2002. 
Science & Technology

WUSTL geoarchaeologist stars in TV documentary about the Sahara

WUSTL geoarcheologist Jennifer Smith, Ph.D., is featured a History channel documentary that solves a series of geological mysteries about the Sahara’s past. The show, part of the “How the Earth Was Made” series, explains why there are marine fossils embedded in the blocks of stone from which the pyramids are made and drawings of people swimming are scratched into the walls of desert caves.