| Dow plunges on news recession began in Dec. 2007 (AP) [5 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. | Labour accused of plotting 'political stitch up' to save Speaker Michael Martin [14 mins] Labour was accused of plotting a political 'stitch up' with the Speaker as the furore over the arrest of Tory MP Damian Green raged on. |
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