Amongst the events that have happened around the world this past week:
*South Korea has postponed its latest scheduled military exercises after North Korea threatened a "nuclear" response if they were conducted.
*A tax bill of compromises has been passed by the U.S. Congress and signed into law with mixed reviews from both supporters and critics alike.
*The widow of suspected Bernard Madoff accomplice Jeffry Picower has returned over $7 BILLION (U.S. Dollars) to be refunded to the victims of that infamous ponzi scheme.
*Legal action has been initiated by the Obama administration in hopes of making back some of the governmental expenditures from clean up efforts of the British Petroleum Deepwater Horizon oil spill.
*In the WikiLeaks saga: Bank of America will no longer be handling any financial matters for the organization while Julian Assange is out on bail pending trial and in house arrest pending trial on two counts of alleged rape.
*After passing both houses of the United States Congress, a bill to repeal the "Don't Ask, Don't Tell" policy started during the Clinton Administration will be going to President Barack Obama for approval.
*While no actual sales figures will be released until after the holidays, retailers are concerned about the growing trends that consumers are not only passing up on big ticket purchases for more practical items as Christmas presents, but they are preferring to buy only what they can afford using cash instead of credit.
*Time magazine has declared Facebook founder Mark Zuckerberg its 2010 Person of the Year.
IN ENTERTAINMENT NEWS:
*Larry King retired his CNN nightly talk show this week. Piers Morgan will begin hosting a new program in that time slot starting this January.
*On the holiday special front, this is the tenth anniversary of Grandma Got Runned Over By A Reindeer, despite the fact that the song has been with us since 1979; and the 40th anniversary of the Rankin-Bass special Santa Claus Is Coming To Town.
For more news at any time, just scroll down to our IN OTHER NEWS feature or visit any reputable news source.