America is impoverishing because of European's lack of manufacturing and factory production. This has happened three times in the past four days and is a good reason to believe in global economic contraction. Production was faced with weak demand causing domestic markets to decline in trade flows which also lead to a prevailing cutbacks in employment. Ireland in the Euro zone is the only country remaining without contraction. Britain is doing slightly as well, but now euro zone finance ministers are now expected to create new adhocracy and innovative ideas to help prosper the euro-zone. Their decisions include the nuisance about Greece and Spain as well. The U.S economy in summary seems to slowly recover and create more jobs (171,000 added since October and September). U.S unemployment is now at 7.9 from 7.8, but the U.S is still outpacing Europe's slow recovery. The European union will help modify these scattered standards while the slipping rate is now dotted at .7%.
http://www.nytimes.com/2012/11/03/business/global/daily-euro-zone-watch.html?ref=global
http://www.nytimes.com/2012/11/03/business/global/daily-euro-zone-watch.html?ref=global
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