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The article explores the portrayals of gangbangers in Los Angeles, California after several years, noting representations of deindustrialization and globalization, the interests and cynicism of the war on drugs, and racial tensions between the police and urban residents.

The article examines the continuing decline of manufacturing jobs on a global scale. Topics discussed include insight from Columbia University economist Joseph Stiglitz on the impact on manufacturing jobs of increasing productivity that exceed increases in demand for manufactured products. Also mentioned is the opinion of Harvard University economist Dani Rodrik on the effects of premature deindustrialization to income in the manufacturing sector of less developed countries.

The author discusses the story of a man in Kentucky who is a victim of deindustrialization in the U.S. and his journey through postindustrial America.

The author discusses the impact of deindustrialization on hardships and loosing cultural values and social institutions and mentions the book "Hillbilly Elegy," by J.D. Vance which focus on intense culture of group loyalty.

The article examines the economic challenges of Russia's oil export business. As the world's second-largest oil exporter, Russia is taking in $500 million a day from crude oil exports. Yet Russia is still a relatively poor developing country. The challenges is that, as more oil dollars flow back to Russia, they are converted to the local currency, raising the value of that currency, as well as the threat of inflation. The threat to Russia is that its manufacturing will decline as goods become more expensive overseas, while imports rise as they become cheaper at home. This would lead to a de-industrialization of the economy.

Wang Denggui, father of three, arrived more than a year ago in the palm-lined streets of this southern town with a single goal: toil in a factory to save for his children's school tuition. But the plans of Mr. Wang and thousands of co-workers unraveled at noon on Nov. 1, when the Taiwanese chairman of their ailing shoe factory climbed over a factory wall to flee the country and his debts. That left several American shoe companies with unfilled orders and 2,000 workers without jobs. [ABSTRACT FROM PUBLISHER]

The article offers information on the ceasing of the magazine publication by Life magazine in April 2007. The announcement has been made by Time Inc. The company is shifting its business's attention to the Internet and is moving its archive of photographs onto the website from where the consumers will be able to download them free. The company had not gain the advertising traction, so has decided to cease it.

Announces the decision of Lubrizol Corp. to close its plant in Bromborough, England as part of a move to cut costs.

Reports that WestPoint Stevens Inc., a textile maker operating under bankruptcy protection, would lay off a 21 percent of its work force and would close five of its 24 plants in the U.S.

Reports on the planned closing of Royal Tobacco Factory in Spain. Reasons behind the planned closure; Delay of the factory's closure; Examination on the company's financial performance.

Reports that Southeast Airlines Inc., a discount airline based in Florida that served seven destinations along the Atlantic Seaboard and in the Midwest, had ceased its operations.

Reports that although the overall U.S. economy has picked up, manufacturing has been slow to recover, leaving plants underutilized and about three million people out of jobs. Unemployment and factory closures in Rockford, Illinois; Study which concluded that more than half of job losses stem from structural changes and are likely to be permanent; Grim outlook for the short and medium term; Implications of the jobless recovery; How Rockford has become a case study of how an industrial area can respond to a shifting economic landscape; Concerns of companies over hiring; Ways that business has been transformed in the Rockford area.