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The R-Word
January 11, 2008
With a tricky definition and a lag-time to compile statistics, it may take up to a year to know if we are indeed in a recession right now. In the meantime, the media speculate. Critics from the left and right weigh in on whether the media jump the gun by invoking the R-word and David Wessel, economics editor for the Wall Street Journal, explains the word's place in the newsroom.


