Like there was any doubt, but the NY Times reports “It’s Official: Recession Started One Year Ago“.
The evidence of a downturn 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 weigh in.
In a statement released Monday, the members of the group’s Business Cycle Dating Committee – made up of seven prominent economists, most from the academic sector – said that the economy entered a recession in December 2007.
The LA Times reports Bombs kill at least 34 people in Iraq. Police recruits in Baghdad and U.S. and Iraqi security forces in Mosul were targeted.
The monthly death toll for November, including civilians, police and soldiers, was 339, compared to 278 in October, according to figures from the ministries of health and interior. The number is far lower than for the month of November last year, when the death toll from bombings, shootings and other attacks linked to Iraq’s war was 608.
The NY Times has the following quote in their coverage of the bombing:
“If you dare to tell the truth, this is because of the American forces,” said a man who refused to give his name. “Their convoy went to the end of the street and the suicide bomber came right then. All of our troubles are because of the Americans.”
At a press conference today to unveils his national security team, President-elect Barack Obama said “said he was sticking to his goal of removing American combat troops from Iraq within 16 months, which he called ‘the right time frame,’ and that this would be accomplished with safety for the troops and security for the Iraqi people.”
Four at Four continues with the climate talks in Poland and Pakistani-Indian tension.