It may be hard to remember, but 2011 began with encouraging numbers on the jobs front. And while November's drop in unemployment provides some hope for a better job market in 2012, a look back at 2011 shows how easily that hope can be crushed.
David Carr, who writes the Media Equation column for The New York Times, says that despite cuts, the future of journalism has never looked brighter. "I look at my backpack that is sitting here and it contains more journalistic firepower than the entire newsroom that I walked into 30-40 years ago," he says.
Oil prices were higher after a top Iranian official threatened to block a considerable part of the world's oil supply, if new economic sanctions are imposed on his country. The official spoke of blocking oil tankers from moving through the Straits of Hormuz.
Three years ago, scientists found plenty of cod in the region but data this season indicates just the opposite. Federal regulators say stocks are at such dangerously low levels, cod fishing might need to be shut down. Fishermen say they don't believe the reports.
In 2009, the burger chain left Japan due to a split with its local business partner. This time, it's coming back in style. Instead of a basic burger, Wendy's wants to appeal to Japan's more finicky fast food eaters with a new, luxurious menu.
It's been more than three years since the government bailed out mortgage giants Fannie Mae and Freddie Mac. Gretchen Morgenson, of The New York Times, has co-authored a book about Fannie and Freddie called Reckless Endangerment. Morgenson talks to Linda Wertheimer about the taxpayer-owned entities.
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