Nearly two decades ago, a North Korean official threatened to turn Seoul into a "Sea of Fire." South Koreans responded by cleaning out the shelves of supermarkets and preparing for an attack that never came.
Electrolux's new plant in Memphis, Tenn., is the Swedish appliance company's most modern and high-tech facility. The factory will open this summer while an Electrolux plant in Quebec, Canada, is being shuttered.
The United States lost close to 6 million manufacturing jobs between 2000 and 2009. Now, slowly, some of those jobs are coming back. Over the past three years, the U.S. economy has gained a half-million manufacturing jobs.
But even with the manufacturing recovery, there are both winners and losers — and sometimes they're created by the same company.
Picture a tiny town set along a creek in West Virginia. A mountain rises from the town's eastern edge, overlooking the 1,400 people living below. Then, July comes — and 50,000 people arrive on that mountain for the National Scout Jamboree.
The town is called Mount Hope. I've heard some call it "Mount Hopeless." The town went through the long, downward slump from the boom days of deep-mine coal, when it was a grand, small-town capital of coal mining.