When it comes to his hometown of Akron, Ohio, writer and journalist David Giffels says, "I have spent my whole life watching people leave." Once known as the rubber capital of the world, Akron was a hub of tire manufacturing giants. Goodyear, Firestone and Goodrich provided thousands of high-paying jobs until the 1970s, when those jobs began migrating to places with cheaper labor.
It was 1966, and a ship called the Daniel J. Morrell was making its last run of the season, hauling steel across Lake Huron. The crew was eager to head home for Christmas. But one night, caught in a severe storm, the ship broke apart and sank.
Only a few of the crew members made it to a life raft, and only one of them, watchman Dennis Hale, survived.
The Steinway piano company has a new owner. This fall, the investment firm Paulson & Co. — led by billionaire John Paulson — spent about $500 million and bought all of Steinway & Sons, the venerated piano maker.
The deal includes a foundry in Springfield, Ohio, where the Steinway pianos are born in fire.
The O.S. Kelly Foundry has been making Steinway's plates since 1938. The plate is the cast-iron heart of a piano: It holds the steel wire strings with 40,000 pounds of tension, the company says. It allows vibrations to arise in a concert hall as music.