Dow plunges on news recession began in Dec. 2007 (AP) [10 mins][Priceville, AL]
AP - Most Americans sorely knew it already, but now it's official: The country is in a recession, and it's getting worse. Wall Street convulsed at the news and a fresh batch of bad economic reports tanking nearly 680 points. With the economic pain likely to stretch well into 2009, Federal Reserve Chairman Ben Bernanke said Monday he stands ready to lower interest rates yet again and to explore other rescue or revival measures. | Pictured: Tears of the two-year-old boy trapped in Mumbai Jewish centre as his parents were murdered [32 mins][Bombay]
His face wracked with sobs as he cries for his mother, tiny Moshe Holtzberg has had a miraculous escape: He was inside the Jewish centre stormed by Islamic militants during last week's Mumbai attacks. |