NBER: U.S. in Recession Since Dec. 2007; Fed Reserve Could Buy T-Bills; JP Morgan Sees 0% Interest Rates; Pilgrim’s Pride Files for Bankruptcy Protection; Consumer Credit Crunch in the Making; Crude Slides on Recession Outlook; J&J to Buy Mentor

Best Buy Goes Kiosk; Strike Averted at Verizon; Pilgrim’s Pride Shutdown; JDA Doubles Up; Japan’s Stimulus; Oil Hits New Three-Month Low; Waste Management Raises Bid; UPS in Talks with Competitor.

The price of corn has already climbed 25% since January and established 13 new record highs. And food prices across the board are climbing to historic highs as a result.