During the past 20 years, the author has watch China move from being a developing country into an industrial superpower
Money Moves, 5/24: Chocomize Co-Founder Fabian Kaempfer talks with Bloomberg’s Deirdre Bolton about the business of customizing chocolate
The president's campaign has a new rule—no cell phones allowed
A former sports agent finds his calling in a different position: point guard for tech startup Plyfe
Forget Adderall. Traders now pop chia seeds to stay focused and energized
The Italian automaker and others are adding hybrid technology to elite cars
The storied bridge that links San Francisco and Marin County changed the face of California
Schools cultivate ties with startups before they're big successes
Dave McClure's traveling venture capital show scours the world for promising startups
By Jason Bush
Photography by Valeri Nistratov/agency.photographer.ru
For months, Moscow has reeled from what Russians call the "krizis," or crisis. Now the pain is spreading to such far-flung industrial cities as Yaroslavl, 150 miles northeast of the capital.
Founded almost 1,000 years ago, Yaroslavl is proud of its historical and cultural heritage. The city is home to automotive parts makers, electrical-engineering and petrochemical plants, and factories owned by multinationals such as Eastman Kodak, Japanese heavy-equipment maker Komatsu, and German publisher Bertelsmann.
As local factories cut back working hours and lay off employees, unemployment is rising. The mood in the once-booming city has turned distinctly frosty.