German Chancellor Angela Merkel addresses journalists at EU headquarters in Brussels in December. It's possible that European leaders will come up with ways to manage the region's debt crisis in the new year, but the worst case scenarios are dire.
Last New Year's Day, most economic forecasters were predicting a good year ahead. But 2011 turned out to be another disappointment for stock investors and home sellers, and a discouraging time for job seekers.
Now, as 2012 begins, economists are hoping their crystal balls are working a bit better. Most are seeing a brighter picture.
Come 2012, there's a new food vocabulary: authentic, craft, small batch, artisanal, rustic and, of course, local. It's the opposite of processed, mass produced and factory farmed.
What might be called urban neo-ruralism has apartment dwellers canning tomatoes, keeping bees and churning butter.
The small farmer is the new gastronomic superhero, sourced on restaurant menus. Independent butcher shops are opening across the country with unfamiliar cuts like Denver steak, petite tender, flat iron. Expect more specialty meats, too, like bison, elk, goat and rabbit.
The beaches of Brazil lure in foreigners, but fortune-hunters are more interested in the opportunities offered by the rapidly developing South American state.
The global economic downturn is starting to affect Brazil, but the country has not nearly been as hard-hit as Europe and the U.S. The emerging economy is enticing to young, highly trained and educated workers like David Bailey of Britain.
Bailey plays piano as he and his roommates prepare for a party in Rio de Janeiro. They're all foreigners — from France, Switzerland, Spain — and all of them are here for work.