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With GDP Slip, German Economy 'Finally Lost Its Invincibility'

Today we got more troubling news for the world economy: Germany's GDP slipped 0.6 percent in the final quarter of 2012, sending the Eurozone deeper into recession.

The Guardian spoke to Carsten Brzeski and analyst for ING, who said:

"With increased uncertainty stemming from the euro crisis and the global economy cooling in the second half of the year, the German economy has finally lost its invincibility. Looking ahead, however, there is increasing evidence that the economy should pick up speed again very quickly."

The French economy also faltered, contracting 0.3 percent in the same quarter.

Overall, reports the AP, the eurozone's economic output declined by 0.6 percent. The AP adds:

"Thursday's figures highlight the scale of the problems that have afflicted the single currency zone over the past year. Fears of a break-up, if not a collapse, of the currency dented confidence at a time when many governments were embarked on fairly severe debt-reduction programs.

"In 2012 as a whole, the eurozone economy shrank by 0.5 percent, a stark contrast from the 2.2 percent growth recorded in the U.S. and the 1.9 percent in Japan."

In essence, the AP wraps up, while sentiment is more positive toward the eurozone the underlying numbers are still weak.

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At 81, Disney's First African-American Animator Is Still In The Studio

First hired in the 1950s, Floyd Norman is still drawing. "Creative people don't hang it up," he says. "We don't walk away, we don't want to sit in a lawn chair. ... We want to continue to work. "
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America's Real Mountain Of Cheese Is On Our Plates

To help dairy farmers hurt by a glut, the USDA said this week it'll buy $20 million worth of cheese and give it to food banks. But we eat so much of the stuff, that's hardly a drop in the bucket.
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Friday News Roundup - International

Italy searches for survivors after a devastating earthquake. Turkey escalates its role in the fight against ISIS. And Colombia and the FARC rebels sign a peace treaty ending a half-century-long guerrilla war. A panel of journalists joins guest host Derek McGinty for analysis of the week's top international news stories.

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WhatsApp Will Start Sharing Data, Including Phone Numbers, With Facebook

It will also test new ways for businesses to communicate with users on the app. The privacy policy changes mark the long-expected move by Facebook to begin making money from the free app.

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