Friday, January 30, 2009 Last Update: 3:52 PM ET

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Steep Slide in U.S. Economy as Unsold Goods Pile Up

Gross domestic product shrank at a 3.8 percent annual rate in the fourth quarter, the government reported, the sharpest contraction in 26 years.

Exxon Posts Record 2008 Profit Despite Slip in 4th Quarter

Exxon’s fourth-quarter income fell 33 percent as prices dropped, but its profit for the year was $45.2 billion, a record for an American corporation.

President Obama named Vice President Joseph R. Biden Jr. on Friday to head a new task force aimed at raising middle-class living standards.
Stephen Crowley/The New York Times

Obama Reverses Bush Policies on Labor

President Obama on Friday announced steps to strengthen labor unions and named Vice President Joseph R. Biden Jr. to lead a task force on the middle class.

Your Money
A (Very) Watchful Eye on Credit Card Spending

Until this week, American Express scrutinized how its cardholders spent money, searching for similarities to other customers with bill-paying problems.

Opposition Party to Join Zimbabwe’s Government

Morgan Tsvangirai said on Friday that he would join his nemesis, President Robert Mugabe, as prime minister.

Super Bowl XLIII

Tillman’s Presence Is Still Strong

The 2008 Arizona Cardinals team embodies the spirit of Pat Tillman, the football player turned fallen soldier.

City Room
City Projects $4 Billion Gap in Next Fiscal Year

In his budget address on Friday, Mayor Michael R. Bloomberg warned of the effects of the economic climate.

Upper West Side journal
Going Up? Don’t Be So Sure

Shoppers at the Fairway on the Upper West Side seem willing to put up with its notoriously slow, cramped elevator.

Upper West Side Journal
Going Up? Don’t Be So Sure

Shoppers at the Fairway on the Upper West Side seem willing to put up with its notoriously slow, cramped elevator.

Talk to the Newsroom »
Bill Keller
Bill Keller

The executive editor will answer questions from readers next week.

Tom Zeller Jr.

The editor of the Green Inc. blog answered questions from readers this week.

ARTS »

Cheech & Chong Return
In a Cloud of Smoke, Cheech & Chong Return

The kings of stoner comedy hit the comeback trail.

Review: ‘The Third Mind’
Review: 'The Third Mind'

A show of Asian-influenced 20th-century American art at the Guggenheim.

My Portfolios »

Havens | Amherst, Va.
In the Shadow of the Blue Ridge Mountains

Amherst, Va., a sleepy suburb of Lynchburg, has historic homes, a rural lifestyle and expansive views.

2009 Volkswagen Routan
German Engineers Fail the Paternity Test
2009 Volkswagen Routan

The 2009 Routan isn't engineered by Germans. It is merely a rebadged, slightly rebodied, mildly retuned Chrysler minivan.

Collectible Cars Photo Gallery & Event Calendar »

Submit photos and view and comment on other readers’ cars. Also, view and submit events to the Automotive Events Calendar.

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More in Automobiles

NYTimes.com / Monster

Salary Freezes Reach Top Law Firms
Salary Freezes Reach Top Law Firms

The recession is forcing many law firms to freeze salaries and rethink bonuses.

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