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RECESSION DATING….Me, back in February:

When NBER eventually gets around to dating the 2008 recession, when will they decide it started? My money is on December 2007. And when will they date the end? I’d guess March 2009.

NBER, today:

The nation’s economy peaked, and the recession began, in December 2007, the National Bureau of Economic Research announced today.

….The committee concluded that the start of the recession was December 2007 — due in large part, it said in a statement, to the decline in jobs that began that month. But it noted that many other data points confirm the diagnosis.

“The committee determined that the decline in economic activity in 2008 met the standard for a recession,” the group said in its statement. “Evidence other than the ambiguous movements of the quarterly product-side measure of domestic production confirmed that conclusion. Many of these indicators, including monthly data on the largest component of GDP, consumption, have declined sharply in recent months.”

Advantage: blogosphere!

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REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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