What’s Ahead In 2012…

As we usher in a new year, we usher in drastic changes to the world and the United States. Worth watching are the following stories… How will they play out in 2012?

End of government subsidies of corn ethanol. The subsidies expire this year and there has been little push to renew them. (op-ed here at The Economist)

New defense bill signed by President Obama. The new bill:  puts into place new provisions that regulate the detention, interrogation and prosecution of those suspected of terrorism; imposes fresh sanctions on Iran; gives the executive branch authority to use civilian courts to try foreign nationals in terrorism cases; requires military custody for any suspect who is allegedly a member of al-Qaeda or “associated forces” and involved in planning, or attempting to carry out, an attack against the US or its allies.

Eurozone crisis. Although much of 2011 was spent on trying to “fix” the crisis, German chancellor Angela Merkel predicts a recession in the first half of 2012. “Next year will no doubt be more difficult than 2011,” Merkel says. Helpful information on how the crisis became so severe here.

New Supreme Leader of North Korea Kim Jong Un. After 17 years in power, megalomaniac Kim Jong Il dies and his son assumes power. Kim Yeon-su, a North Korea expert at Korea National Defense University says that next for Kim Jong Un in 2012 would be for him to be nominated as chairman of the National Defense Commission and to rise to general secretary of the Workers’ Party. Yang Moo-jin, a professor at the University of North Korean Studies in Seoul, said the succession was accelerating and stabilizing. “It also shows the military-first rule will continue.”

Occupy Wall Street. 68 arrests on New Years Eve in Zucotti Park where, for the last three months of 2011, there was non-stop activity by police and protestors and the press…


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