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Iowa Town Braces For New Reality In Factory Closure's Wake

Appliance manufacturer Electrolux closed its Webster City, Iowa, plant in 2011. Now, the retraining programs for former workers are wrapping up, and the town of 8,000 is bracing for the true impact of the closure. It's a familiar story for many former manufacturing towns across the Midwest.

His Makeover Strategy In Shambles, J.C. Penney CEO Ron Johnson Is Out

Johnson joined the company from Apple and tried to change the look, feel and function of the retail stores. The strategy failed; JC Penny lost $4.3 billion in sales since Johnson became CEO.

One Manufacturing Giant Creates Winners And Losers

Residents in Memphis, Tenn., are thrilled that Swedish appliance giant Electrolux is opening a new factory there this year. The company plans to employ 1,200 people at the new, high-tech facility. But in Webster, Iowa, an Electrolux plant closure in 2011 has left the local economy reeling.

Climate Change Could Equal Teeth-Rattling Flights

Two British scientists say that increased levels of carbon dioxide in the atmosphere could mean more unpredictable turbulence on trans-Atlantic flights.

The 'Alchemists' Who Control The Purse Strings Of The Economy

In a new book, Washington Post economics writer Neil Irwin looks at an elite group of policymakers from around the world who manage the money supply, and explains how money can come from — and disappear into — thin air based on the decisions of these influential men and women.

From Dishwashers To Head Chefs

Chef John Besh wanted to help minorities in the New Orleans restaurant industry move up the ladder in the city's top kitchens. So he co-founded Chefs Move, which provides scholarships to students for culinary school and career opportunities.