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On New Year's day in 1977, Lake Superior State University in Michigan released its first "List of Words Banished from the Queen's English for Misuse, Overuse and General Uselessness". Every year since then, it has taken nominations for words and phrases we should quit using in the coming year. Last year's list included such anti-favorites as "viral," "epic" and "refudiate."

In Washington, D.C., pedestrians nominated "ping me", "literally" used incorrectly, "bro," "hater," "hating," "totes" and "amazing."

As the new year gets under way, we take a quick temperature check on some key areas to see what the prognosis might be. The topics: politics — domestic and global — and economics.

The lecture is one of the oldest forms of education there is.

"Before printing someone would read the books to everybody who would copy them down," says Joe Redish, a physics professor at the University of Maryland.

But lecturing has never been an effective teaching technique and now that information is everywhere, some say it's a waste of time. Indeed, physicists have the data to prove it.

When Eric Mazur began teaching physics at Harvard, he started out teaching the same way he had been taught.

It's still too early to call the 2012 elections, but some political analysts are predicting that the odds are against congressional Democrats in 2012, though the presidential race may still be a toss up.

What's the economic prognosis for 2012?

"It's kind of a meh, it's a B minus," says Annie Lowrey, an Economic Policy Reporter for The New York Times. "It's not going to be very good, but it's also not going to be very bad."

Lowrey says that most of the trends we saw at the end of 2011 will continue into 2012. The unemployment rate is high, but improving. And economists are excited about the housing market, because the low cost of housing has started a house-building mini-boom.

The world will see big political changes with leadership shifts in China, Mexico, Russia, Europe, Egypt and particularly in the Middle East during 2012, according to David Rothkopf, a contributor to Foreign Policy Magazine.

"We're halfway through the initial wave of these [Middle Eastern] revolutions," says Rothkopf, adding that much more change is to come.

But it is possible that one of the biggest political changes won't happen in a physical location, but on the Internet. Rothkopf thinks that we could see a big escalation of cyber wars between nations.