Milbank, Tweed, Hadley & McCloy has set up a five-year training program at Harvard University for its mid-level associates to give lawyers training in business issues.

We speak with Kenneth Rogoff about how he sees the world faring in the wake of the latest financial crisis -- and solicit some advice on exchange rates.

(Jacksonville, Fla.)-David Stovall Jr. was named president and chief executive of this retailer. Mr. Stovall succeeds Linda Farthing, 61, who will remain a director. Mr. Stovall, 61, was chairman of Belk Inc.'s Central division.

Among the "imperatives" the authors list: making genomics-based diagnostics routine, much like a blood panel is now.

Goodbye.

To promote its holiday "Believe" campaign and boost store traffic this season, department store chain Macy's Inc. put out an A.P.B. for anybody named Virginia, inviting them to their 800 stores throughout the country today to receive the $10 card.

Guest-blogger Mark Spelman, who leads Accenture's Global Strategy practice, is writing for Davos Live. The conclusion to be drawn from the conference at the Swiss resort, he says, is that 2009 will be a year of volatility, opportunity, challenge and transformation.