After he left the Air Force in 1977, Rick Perry returned to Paint Creek, Texas, to be a dryland farmer. "Paint Creek reminds me of a sense of community that seems lost today. ... For me, Paint Creek was not merely an idea; it was the center of civilization, and everything else was an alternative universe," he wrote in his book On My Honor.
Though most central bankers hate inflation, policies that promote inflation may boost the U.S. economy, some economists say.
Ken Rogoff, former chief economist at the International Monetary Fund, says the Federal Reserve's efforts to boost growth haven't worked and the central bank needs to be more forceful.
"They need to be willing, in fact actively pursue, letting inflation rise a bit more," says Rogoff, who is now a professor at Harvard. "That would encourage consumption. It would encourage investment. It would bring housing prices into line."
A job seeker makes a list of his skills during a workshop in Burlingame, Calif., targeted toward people who have been out of work for at least six months. According to the Labor Department, there are now more than 2 million people who have been jobless for at least two years.
Long-term joblessness is one of the unfortunate legacies of the recession. Earlier this year, the Labor Department started tracking longer periods of unemployment. According to that data, there are now more than 2 million people who have been jobless for at least two years, and 700,000 of those have been looking for work for at least three years.
Omid Kokabee, an Iranian who was studying physics at the University of Texas, Austin, was arrested when he returned home to Iran for a family visit. He went on trial in Tehran this week on charges related to espionage.
An Iranian who was studying physics in Texas went on trial in Tehran this week on charges related to espionage.
Omid Kokabee, 29, a graduate student at the University of Texas, Austin, went home to Iran to visit his family back in February. When Kokabee failed to return to Austin, his friends discovered he had been jailed and charged in Iran with communicating with a hostile government and taking illegal funds.
His case is only now becoming public knowledge, just a few weeks after Iran released two young Americans accused of espionage and held for more than two years.
Pot dispensaries have flourished in California, one of 16 states where the use of medical marijuana is legal. But the federal government is now giving some of the state's pot shops 45 days to close down.
The state's four U.S. attorneys gave notice to at least 16 stores that they must close, or face criminal charges and the seizure of their property, according to the Associated Press.
News that a Florida legislator wants to bring back the banned activity of "dwarf tossing" has people shaking their heads, and wondering why in the world you would want to do something like that. Of course, they're also curious as to whether he'll succeed.
A crab fisherman plies Yangcheng Lake in the city of Suzhou, not far from Shanghai. The lake is reputed to produce the tastiest crabs in China, but most crabs raised in Yangcheng actually come from somewhere else.
Fake products permeate nearly every corner of China's economy. Earlier this year, the trend seemed to reach a new low when phony Apple stores were exposed in southwestern China.
Each fall, the fakery even extends to the world of seafood and East China's Yangcheng Lake, which is just a short train ride from Shanghai. Yangcheng is home to what are reputed to be China's tastiest and most expensive hairy crabs.
A Mexican soldier carries a marijuana plant that was found on a large plantation in Baja California state, near the border with the U.S., on July 15. The U.S. military has been stepping up its assistance to Mexico in the fight against drug cartels.