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."
Businessman and GOP presidential candidate Herman Cain has been taking advantage of his recent rise to fame. Since he won the Florida straw poll late last month, he is everywhere: appearing on Sunday talk shows, promoting his new book and taking every opportunity to try to maintain his momentum.
People like the way he talks. His frank, motivational style has come out in GOP debates and in speeches.
Credit Jeremiah C. Gettle and Emilee Freie Gettle / Baker Creek Heirloom Seed Co. LLC
As a child growing up on his family's farm in the 1980s, Jere Gettle didn't spend his evenings watching TV; instead, he read seed catalogs. To him, the endless varieties of seeds with exotic sounding names were full of possibility. He loved the idea of planting them in the ground, tending the crops that grew from them and preparing the harvested vegetables for a family meal.
Thriller writer Barry Eisler has turned his back on traditional publishing — or as he calls it, legacy publishing. His latest book, The Detachment, was released as an e-book in September. It comes out in paperback in October. Both versions are published by Amazon.
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.
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.
The stereotypical Fantasy Football fan is a 30-something suburban man-child. And the FX program The League is about their ilk. But even though fantasy football is what brings several friends together in the TV show, you don't have to be a fantasy football fan to enjoy it.