Financial Times

Prescribing anti-depressants to the vast majority of patients is futile, as the drugs have little or no impact at all, according to researchers. Almost 50 clinical trials were reviewed by psychologists from the University of Hull who found that new-generation anti-depressants worked no better than a placebo – a dummy pill – for mildly depressed patients.

New Delhi, India -- Policy-makers, practitioners and advocates from 30 countries are gathering in New Delhi, India today and tomorrow for the Citi-FT Financial Education Summit 2007, the most significant international conference ever held to discuss ways to increase financial literacy levels, especially among disadvantaged and low-income groups.

The number of foreign ­students applying to graduate schools in the US rose for the second year in a row, according to a survey released on Monday. The survey, which was conducted by the Council of Graduate Schools, said this year’s 8 per cent increase in foreign applications – which comes on the heels of last year’s 12 per cent rise – was an indication that the US government’s attempts at making the student visa process more user-friendly appeared to be working.

The international student population at top-tier American business schools has exploded in recent years – a fact that makes some development officers nervous.

A bleak picture of the corrosive effects of ethnic diversity has been revealed in research by Harvard University's Robert Putnam, one of the world's most influential political scientists.