The biggest news of the last year was the Killing of Osama Bin Laden, although people were happy generally on over the world, especially in the U.S., Pakistan was furious that the U.S. infiltrated their country and killed him without any knowledge in advance to that country's armed forces. Although the details are still emerging, but I still can't believe that the Pakis did not know that OBL is living only a mile or so from their premier military academy and in a town which is swarming with soldiers. Anyway another story which continues to linger is the European Debt crisis which has no sight to get resolved as the Europeans refuse to act like Europeans and more like individual states.
The other thing is that European are still trying to live in the past where they were the only player in town, now we have fast growing China, India, Brazil, Turkey, Indonesia and other developing countries fast approaching the living standards of the Europeans without the additional burden of low birth rate and welfare payments. And then it was the U.S. where the unemployment rate keeps on plummeting as the election approaches this year. The U.S. is also grappling with the debt situation but at least we have our currency to manipulate if we can unlike the Euro. Then the biggest news to impact the world was the Arab Spring where long ruling rulers of the Arab nations fell down and Libyan war ended in the killing of that country's ruler.