But the euro's credibility is no longer in serious doubt if anything, the currency has been too hard over the past year.

ECONOMIST: Deficits and defiance

But this part of the pie is shrinking too: fiscal-austerity measures took 0.7% off output over the past year.

ECONOMIST: Britain��s stuttering economy

And over the past year, several innovative high-tech tools have emerged, too.

FORBES: How the iPad Will Transform Marketing

Ms. DANA PERINO (White House Press Secretary, George W. Bush Administration): He has not been shy about saying that we have to make sure that the gains that have been achieved over this past year not be erased by acting too quickly in bringing troops home.

NPR: Surge in Violence Worries Baghdad