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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56227)	11/25/2001 9:25:32 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Research Group Says U.S. Is in Recession Friday, November 23, 2001 foxnews.com NEW YORK — The National Bureau of Economic Research, considered the official arbiter of recessions, could declare on Friday that the U.S. economy has entered a recession, the Wall Street Journal reported in its online edition on Friday. The paper said the NBER has scheduled a conference call for Friday afternoon during which members are expected to say the longest U.S. expansion on record gave way to recession in March. The report cited panel member Robert Gordon, an economics professor at Northwestern University. The report said some members of the private Cambridge, Massachusetts-based group said a decision on Friday isn't a foregone conclusion, but that they nevertheless expected some kind of announcement. A public announcement of the decision may take a few more days, the Journal said.