Dow Plunges 680 Points as Recession Is Declared

Michael M. Grynbaum, The New York Times: "The evidence of a recession has been widespread for months: slower production, stagnant wages and hundreds of thousands of lost jobs. But the nonpartisan National Bureau of Economic Research, charged with making the call for the history books, waited until now to make it official - and the announcement came on a day when the American stock market fell nearly 9 percent in a single session."

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