Most agree that tens and even hundreds of thousands of jobs will be lost, but how long they'll be lost for and how they might be recreated are an area for great disagreement.
As China seeks to assert itself in Asia, President Barack Obama visited Australia to announce deeper ties between the nations' militaries, including a new Marine base for the United States. The move was seen as a counter-balance against China's growing presence.
In Mexico, 6,000 complaints have been filed against the Army for its action during the country's war on drugs. And while, the army retains support, many people are concerned about the number of Mexican who have merely gone missing — and not at the hands of the cartel.
A piece of President Barack Obama's jobs bill won approval on Thursday. It'll provide up to $5600 to employers who hire veterans and keep them employed for at least six months.
NATO has setup and is funding a program to get Afghan reporters to deliver news and cultural information to the Pashtun speakers in southern Afghanistan. The idea is to get information out that is favorable to NATO members.
As the months since the Arab Spring protests in Tahrir Square drag on, thousands of those who protested now find themselves under fire from the very people they thought had fulfilled their dreams.
With all U.S. troops set to leave Iraq by year's end, the U.S. Army is planning to transform a logistics base in Kuwait back into a base for combat force.
In an address to the media, Obama announced that the U.S. war in Iraq was over and all U.S. forces would be home for the holidays. He did not take questions.
An exchange between Hamas and Israel is underway this morning. Gilad Shalit is back home in Israel and nearly 500 Palestinian prisoners are headed for Gaza, the West Bank or other parts of the Middle East.
As unmanned aerial vehicles become more important to the U.S. military, North Dakota and its schools are trying to lead the way in preparing pilots and mechanics for these new airplanes.