U.S. Jobs Increase as Global Markets Plunge

Although the United States economy has been suffering, employers have added 117,000 jobs as of July. This increase in jobs was much more than the 18,000 new jobs reported in June and the jobs added in a month since April. Recently, unemployment decreased to to 9.1 percent. The global economy might be experiencing a recession again due to the global markets dropping Thursday and Friday. It was the second drop in two days, after stocks also dropped on Wednesday after President Barack Obama signed the $2.4 trillion debt limit increase. The spread of debt in Europe is creating new risks for the United States, as well as the chance of another U.S. recession worsens the European fiscal crisis. These issues become more prominent as China and other rising economic powers are trying to slow their economies to ease inflation. It seems that the issues in both U.S and in Europe have conflicting results which effect the performance of the other. The debt is rising amongst both and this is causing global markets to plummet as well including Asian countries such as Japan and Korea. The U.S. has experienced its worst positioning in the market since 2008 at the beginning of the recession and it doesn't seem to be getting better. I believe that the answer or at least a start in a better direction for the world is innovation and the discovery of new resources.

Council on Foreign Relations

Report: China relaxes birth restrictions in northwest after mudslide

Last year in China hundreds of people ended up killed or missing in a mudslide. Due to this dilemma, China has chose to ease its strict birth control restrictions. Their family planning policy limits urban families only one child. Prior to the incident women had surgery which prevented further pregnancies, yet now the government is offering a free reverse operation. This now gives families who lost their children in the mudslide, an opportunity to fill quotas. I believe that this ease in this policy is very beneficial to the country for the time being considering the extenuating circumstances that the mudslide had caused. However, the policy was in fact created to control a population overload which is a big problem in China. The country can only create so many jobs and resources for its people. Thus there must be a limit placed on how many children each family can have in order for the country to effectively govern and serve their people.

cnn.com