Current Event #4

http://www.economist.com/node/21551103

Northeast England has had to develop and morph its economy significantly in the past few decades-it has changed from coal-mining and steel manufacturing to businesses, added numerous public works projects, and improved schools. Nevertheless, unemployment rates in the area are 10.8% higher than that of the rest of England (which is already 8.4%), and some of the businesses that have come to help the area are considering leaving it to avoid greater losses. The thought that Scotland may secede from the United Kingdom has caused further issues, for now NE England worries that the businesses that struggle in that area are going to move to Scotland and hurt their economy even further.  In previous years, the two regions were fairly closely tied by similar economic and social issues, but now people of Northeast England are beginning to feel anxiety to their old allies. Understandably this is great cause for discontent and worry; there is much to be fixed about the current global economy. I believe that the businesses have to stay in order to help any situation, or it will simply continue to worsen, even more dramatically so in the future.