Everything You Need To Know About Last Week’s News #11

In reverse order of importance…

A bunch of rich celebrities gave each other awards.

Apple broke some records with iPhone pre-orders but also got a lot of criticism for problems with its new non-Google Maps app.

A video surfaced of Mitt Romney claiming 47% of Americans are mindless dependents. Romney also released his tax returns from last year. These actions received a lot of commentary and criticism from the media.

Meanwhile, the Obama administration’s Libya story continued to unravel.

China and Japan squabbled about an island they both claim to own. Pessimists think the squabbling over the island – and the natural resources in the water around it – will lead to World War III. Optimists think the trading partners with aging demographics have a strong incentive to figure something out. So far there have been some protests in China but nothing terribly concerning.

Violence continued in Syria. It seems like the rebels may be gaining control of some areas of the country, but it doesn’t seem like Assad is planning on giving up power any time soon.

The eurozone crisis staggered on again. Some predicted QE3 would lead to more commodity inflation but so far oil has just been dropping, probably thanks to generally “disappointing” global economic news in the last week that cancelled out the generally “encouraging” global economic news of the last few weeks.