A majestic building still dominates the skyline of Rochester, N.Y., the word "Kodak" shining brightly from the top. It's the legacy of George Eastman — the founder of the Eastman Kodak Co. — a company that helped Rochester thrive and gave it the nickname "Kodak Town."
In 1976, Kodak sold 90 percent of the film around the world. The company basically invented digital photography, but it couldn't figure out how to make the transition from film quickly enough to out-compete its Asian rivals. Of the 20 best-selling digital cameras in the U.S., not a single one is from Kodak.
Just a few years ago, America's auto industry was on the verge of collapse. When President Obama took office, he had to decide whether to bail out General Motors or let it die. He chose to send them a lifeline, to the tune of $50 billion. In this week's State of the Union speech, President Obama said that decision paid off.
"Today, General Motors is back on top as the world's No. 1 automaker," Obama said.
One morning many years ago, a little boy in Brooklyn named Peter woke up to an amazing sight: fresh snow.
Peter is the hero of the classic children's book by Ezra Jack Keats, The Snowy Day, which turns 50 this year. Peter has a red snowsuit, a stick just right for knocking snow off of trees, and a snowball in his pocket. And, though this is never mentioned in the text, Peter is African-American.
Originally published on Tue September 18, 2012 5:56 pm
This week, Stones Throw Records — the storied L.A. indie label that has put out under-the-radar hip-hop, funk and soul since 1996 — announced a new, one-stop way for fans to get its music. For a $10 monthly fee, every new album, EP and single the label releases will come straight to your inbox in the form of high-quality, DRM-free MP3s.