The year that passed disappointed both investors and job seekers. Economists think the new year will be a bit better, with GDP growth rising to 2.4 percent. Much depends on European leaders' ability to fix the ongoing debt crisis; they may find a solution in 2012, but consequences are dire if not.
For centuries, people from China have immigrated to major cities in the United States. There, many formed their own neighborhoods known today as Chinatowns. But with China's economy booming and the U.S. economy faltering, these historic neighborhoods are seeing declining populations and new demographics.
Millions of Americans love peanut butter sandwiches. It's easy to make, a "kid favorite" and, until now, relatively inexpensive. The cost of peanut butter has already increased by more than a third — and it might not stop there.
It was a good year for manufacturing, especially in the Midwest. The Federal Reserve says Midwestern manufacturing has seen 28 consecutive months of growth — at higher rates than the rest of the country. But that doesn't mean that jobs lost during the recession are returning. The jobs that are available often call for highly skilled workers.
The Iraq War may be officially over, but for thousands of Iraqis who fled to America during the conflict, there's no going home. Many left successful careers to settle in Detroit, where finding a future is a challenge.
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