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.
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.
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.
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."