UK - A survey of small firms has found confidence remains low, but this year promises to be a better one than the previous two years. The Federation of Small Businesses (FSB) said 2012 had been tough, but 2013 looked to be brighter. The FSB's national chairman, John Walker, said: "Confidence is still low, but our members are heading into 2013 with more confidence than they did going into either 2011 or 2012." He said, however, that it was early days and that the recovery would not be immediate: "The signs seem to be positive, but it's going to be a long road ahead, with some economists warning of a triple-dip recession and others expressing cautious optimism."
UK - One in 10 young people feel they cannot cope with day-to-day life - with those not in work, education or training more than twice as likely to feel this way - according to a Prince's Trust survey. Martina Milburn, chief executive of The Prince's Trust, said: "A frightening number of unemployed young people feel unable to cope - and it is particularly tough for those who don't have a support network in place".
USA - Even by Congress' high standards of messy brinkmanship, this was an extraordinary night. As the rest of America celebrated New Year's Eve, Democrat senators were shut in a meeting with Vice-President Joe Biden.
EUROPE - Six months ago, this week's EU summit was going to be the moment to agree upon a "specific and time-bound" roadmap for moving the eurozone towards deeper Economic and Monetary Union. Now the goals appear to be more modest. The financial markets are calmer. But the direction of travel - towards closer integration - is still pretty clear.
UK - The UK could be offered second-class status in the EU, under a proposal from some senior politicians in Brussels. Andrew Duff, a Liberal Democrat MEP, heads the Union of European Federalists, which has long pushed for more pooling of sovereignty.
UK - Last year's record rainfall has cost British farmers £1.3 billion, prompting calls for the government to provide insurance against extreme weather if it wants to preserve national food security. The National Farmers Union (NFU) estimates the extreme levels of rainfall in 2012 has cost the industry £600 million in lost output, especially from poor wheat and potato harvests, and another £700 million in extra costs such as feed for cattle, which could not graze in water-logged fields.
USA - The US Senate has approved a deal to avert tax hikes and spending cuts known as the "fiscal cliff". The bill, which raises taxes for the wealthy, came after lengthy talks between Vice-President Joe Biden and Senate Republicans.
VATICAN - The Pope will today give a public warning to David Cameron that his plans for same-sex marriage will undermine the family. Pope Benedict XVI’s New Year’s Day message warns that the Coalition’s reforms will reduce the status of marriage and harm the families that are built around it. He will say that such moves by politicians are ‘an offence against the truth of the human person’. The Pope warns there is ‘a need to acknowledge and promote the natural structure of marriage as the union of a man and a woman in the face of attempts to make it juridically equivalent to radically different types of union’.
USA - A sperm donor has been ordered to pay child support for the biological daughter he fathered to a lesbian couple who found him via Craigslist. Mr Marotta provided sperm which was used for artificial insemination by Ms Schreiner. In return, he gave up parental rights including financial duties for the child.
WALES, UK - Reverend Felix Aubel claims occult practices in rural Wales have been increasing during the two decades he has been working in the area. The minister spoke out after latest figures in the 2011 census has revealed 83 witches and 93 Satanists are living in Wales. He said there was an "unusual connection" between Christianity and witchcraft in some chapel circles in Wales. Reverend Aubel, who is the minister of five Congregational chapels in rural Carmarthenshire, said he has called out an exorcist after a witch placed a curse on one of his parishioners. He said: "This is not a joke and I would warn people not to get involved in the occult."
USA - In a sharp contrast between two of the nation's largest cities, Chicago recorded its 499th murder of 2012 on Thursday night while New York reported 414 murders as of Friday even though it has more than three times the population, according to police.
USA - Followers of cult leader, Warren Jeffs, who is behind bars for sexually assaulting young girls, are reportedly preparing for the end of the world tomorrow, after their former leader warned of Armageddon before midnight. Sam Brower, a private investigator who represents more than 100 former FLDS members, said law enforcement officers will monitor the situation in Jeffs' community closely - rather than just dismissing it as another false Armageddon warning from the radical preacher.
EUROPE - An umbrella group of 20 organisations campaigning for a federal Europe suggested Britain should be offered "associate membership" of the EU to prevent the country leaving altogether. David Cameron is seen as the "continual impediment" to a closer integration of eurozone states, according to the Union of European Federalists. The plan would see the UK lose all its MEPs, its commissioner in Brussels and its right to veto decisions in the European Council, but remain in the single market. The Prime Minister is expected to deliver a major speech on his vision for Britain's future relationship with Europe within weeks.
MIDDLE EAST - The Opec oil cartel, led by Saudi Arabia, will pocket a record of more than US$1trillion in net oil revenues in 2012 as the annual average price for Brent, the benchmark, heads to an all-time high in spite of weak economic growth. The windfall will provide fresh capital to some of the world’s largest sovereign wealth funds. United Arab Emirates, Saudi Arabia and Kuwait, the most influential members of the cartel, are home to three of the world’s 10 largest SWFs by assets under management, according to estimates by the SWF Institute.
USA - The most powerful company on the Internet just got a whole lot creepier: a new service from Google merges offline consumer info with online intelligence, allowing advertisers to target users based on what they do at the keyboard and at the mall. Without much fanfare, Google announced news this week of a new advertising project, Conversions API, that will let businesses build all-encompassing user profiles based on not just what users search for on the Web, but what they purchase outside of the home. The blog goes on to explain that in-store transactions, call-tracking and other online activities can be inputted into Google to be combined with other information “to optimize your campaigns based on even more of your business data.”
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