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Biz bits

By wire services
Published April 25, 2004

Development of drugs that might extend life is among the hottest topics in biotechnology today, Fortune reports. The goal isn't to find youth pills, experts say, but to identify drugs that foster a healthier old age. The magazine says these drugs may be coming soon enough to have a big impact on people now under 30.

If you're tired of your job but don't want to leave the company you work for, the timing may be right to move to another position internally. Sixty percent of executives surveyed recently by Accountemps said they're more likely to promote from within than they were three years ago.

Americans traveling to Europe are experiencing sticker shock, courtesy of the weak dollar. If you're looking for destinations with more palatable exchange rates, Consumer Reports says there are plenty of alternatives, including Hong Kong, Panama and El Salvador. These places tie their exchange rate to the U.S. dollar, so currency fluctuations are minimal.

Women have to struggle more than men to achieve their dreams, Harvard Business Review says, and one reason is the odds are stacked against them from an early age. "Women receive less recognition for their accomplishments than men do" from preschool through college, graduate school, first jobs and career, the Review says. Experts say women must "band together, learn to blow their own horns and structure their lives in a way that promotes recognition."

Most of us aren't thinking savings when it comes to tax refund checks from the government, according to the Cambridge Consumer Credit Index. More than two-thirds, or 68 percent, of 1,000 Americans said they'll spend their tax refunds on everyday purchases, up from 59 percent a year ago, the annual telephone poll showed. Less than a quarter, 23 percent, plan to save it, down from 27 percent in 2003.

Imagine not getting a raise in seven years. That's been the reality for the multitudes of people who work for minimum wage. The federal minimum wage, which last rose in 1997, is $5.15.

- Compiled from Times wires and Web sites

[Last modified April 25, 2004, 01:10:38]

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