Mid-day Update

In the U.S., Gross Domestic Product revisions are out today, and the hope is that the number will keep improving as long as problems in Europe, and Washington, don't stunt that growth. In one North Carolina town, local business play nice to help each other out during recession. The Lone Star State loses as many as half a billion trees in 2011, and that's not including the wildfires. And in this week's Attitude Check, we look at how Americans are really feeling about the potential payroll tax cut extension.

As Spain gears up for new leadership, the European Union wants airlines to reduce emissions or pay for permits allowing them to pollute. During the holidays, consumers generate as much as 25 percent more waste from packaging, unused holiday cards and wrapping paper, and other seasonal items. In some Atlanta neighborhoods, houses are selling for under 10,000 -- less than the price of many used cars.

AT&T backs out of its plan to takeover its rival T-Mobile. In Foxboro, Mass. controversy is brewing over a plan to build a casino. The movie box office is suffering this year, and Chinese airports are getting an upgrade.

Markets around the world are reacting to the death of Kim Jong-Il, and where North Korea will go from here. Foreclosures in the U.S. will be put on hold for two weeks. In Las Vegas, more focus is being put on the non-gambling experience. Allan Sloan offers his thoughts on the business story of the year, and what we'll be talking about 2012.