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As Congress scrambles to finalize financial-reform legislation before the July 4 holiday, business professor and former Federal Reserve economist Rob Bliss warns that such sweeping reform could have serious unintended consequences.

The National Heart, Lung, and Blood Institute (NHLBI) of the National Institutes of Health, announced today that it will fund nine research grants to improve the safety of red blood cell transfusions.

As pressure for federal deficit-reduction grows, professors Donald Frey and David Coates argue that cutting federal and state budgets now — in the midst of the continuing recession and high unemployment — is “madness masquerading as sense.”

Twelve Wake Forest students have been awarded Fulbright scholarships — the most prestigious international exchange program sponsored by the U.S. government — to teach English or conduct research abroad during the next year. The students, all of whom graduated in May, were awarded scholarships through the Fulbright U.S. Student Program. Wake Forest has had 60 Fulbright scholars since 1992, including the 12 this year and 12 in 2008.

Following a six-month conservation treatment process, American artist Grant Wood’s masterpiece, “Spring Turning,” will once again be on display at Reynolda House Museum of American Art, starting Friday. A number of special events are planned this weekend.