Morning Edition

It's a year-end tradition to cobble together a list of the most important advances in science. But, truth be told, many ideas that change the world don't tend to spring from these flashy moments of discovery. Our view of nature — and our technology — often evolve from a sequence of more subtle advances.

Even so, chances are good that this year's list-makers will choose the discovery of the Higgs boson as the most important discovery of 2012.

Every year, banks handle tens of millions of transactions. Some of them involve drug money, or deals with companies doing secret business with countries like Iran and Syria, in defiance of trade sanctions.

But if the Justice Department has its way, banks will be forced to change — to spot illegal transactions and blow the whistle before any money changes hands.

Federal prosecutors have already collected more than $4.5 billion from some of the world's biggest financial institutions — banks charged with looking the other way when dirty money passed through their accounts.

Clay's Corner Store used to lower a live possum in a box but People for the Ethical Treatment of Animals sued. This year, the store plans to drop a stuffed animal, or roadkill — depending on what's available.

It turns out parents are increasingly naming newborns after grandparents. That's one new trend, according to the baby website, Belly Ballot. It is also predicting first names that sound like last names: think Kennedy.

Secretary of State Hillary Clinton is in a New York hospital for treatment of a blood clot. Clinton suffered a concussion after a fall earlier this month.

Transcript

DAVID GREENE, HOST:

In India, protestors are vowing to keep up their fight until there is justice for the young victim of a gang rape. The young woman died this weekend after injuries she suffered in the vicious attack. The incident has renewed demands for action against sexual violence. Delhi police say the accused will be formally charged with murder. From New Delhi, here's NPR's Julie McCarthy.

The U.S. economy grew at a steady though not very strong pace this year. But Europe slipped back into recession because of the ongoing debt crisis. European leaders took steps to stimulate growth, but it wasn't enough to reverse course.

The economic crisis that got under way five years ago was felt all over the world. But Mohammed El-Erian, CEO of the investment firm PIMCO, says different regions have healed at much different rates.

The year "2012 was another multispeed world globally, in the sense that different parts did different things," he says.

It is almost unimaginable that both the House and Senate would be in session on a Sunday evening on the penultimate day of the year. And yet, they both were, with lawmakers hoping it was not merely a big waste of time and effort.

A bipartisan push by Senate leaders over the weekend has so far failed to forge a deal to spare American wage earners from tax hikes and shield government programs from drastic cutbacks.

America, if you're scared by all the talk you've been hearing about the fiscal cliff, take heart: There are reasons for people across the political spectrum to love the cliff.

There's a lot for liberals to like in the fiscal cliff, says Matthew Yglesias, who writes wonky articles about economics for Slate.