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.
Swedish poet Tomas Transtromer is this year's winner of the Nobel Prize in literature. Transtromer has been mentioned as a candidate for the award for years. His work often walks a line between concrete reality and dreams — he's worked as a psychologist and social worker in addition to his writing.
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.
I went looking for a bubble the other day. I'd heard that prices for American farmland were spiking – up thirty percent over the past year, and double what people were paying five or six years ago. It sounded like irrational exuberance.
I flew to Iowa, drove to the town of Colo, an hour north of Des Moines, and dropped in on a land auction. It was a great scene: A hushed crowd of farmers, an auctioneer with a voice made for opera, and a climactic duel between rival bidders, one of whom raised the price with a wink, the other with a slight nod.
The Hunt County Sheriff’s Department is reporting an emergency landing of an aircraft in a field west of Wolfe City. A call of a possible plane crash was received just before 9am Thursday. The Sheriff and Wolfe City Police responded to the call and determined the aircraft had engine problems and had to make an emergency landing in a pasture along FM816 west of Wolfe City.
The pilot was identified as Tommy Spradlin with Darrell Reed as the passenger. No injuries were reported.
LaShawn Merritt crosses the finish line first, in the men's 4x400-meter relay at the IAAF World Athletics Championships in Daegu, South Korea, Sept. 2. Once banned for doping, Merritt has been cleared to run in London next summer.
The International Olympic Committee says it will fight a court's decision that overturns its rule barring athletes suspended for doping from the next Olympics. The rule, which applied to anyone suspended for more than six months, was challenged by U.S. sprinter LaShawn Merritt, with the support of the U.S. Olympic Committee.
Credit David L. Ryan / Boston Globe via Getty Images
Mitt Romney, shown in 1993, is the former CEO of Bain & Co. In the 1980s, he started an investment fund called Bain Capital. His supporters say that's where he learned to solve big problems, create jobs and expand companies. His opponents say he made money by shutting down factories, occasionally driving companies into bankruptcy.
In the late 1970s, recently out of Harvard Business School, Mitt Romney went to work for the Boston consulting firm Bain & Co. He was successful, but he says his dream was always to run his own business.
In 1984, he got the chance.
The firm's founder asked Romney to start an investment fund called Bain Capital. The company would put money into small or struggling businesses, help them grow, and then Bain would cash out.