Here’s the latest action:

Will deflation accompany a worldwide slowdown? Economists fear a spiral of decline in prices could accompany a global recession.

Can Saturday Night Live save McCain? — As the presidential campaign enters its last weekend, John McCain will try upstage Tina Fey with an SNL appearance.

Evidence of recession piles up as GDP shrinks in third quarterThe U.S. economy shrank 0.3 percent in the third quarter. An official recession is defined as two quarters of negative GDP. Talk of a consumer bailout is spreading. October’s stock market results were the weakest in 21 years.

Tech layoffs hit 38,000, including 18,000 in the last weekTechCrunch’s layoff tracker lists the whole bloody mess.

Halloween costume searches on Google Sarah Palin ruled.

Computer researchers find a huge cache of stolen consumer information –Hundreds of thousands of credit card numbers and other personal data have been stolen, RSA FraudAction Research Lab says.

How did your politicians vote on tech-related issues?CNET’s Technology voter guide shows you.

Half of all iPhone 3Gs sold internationally AT&T and Apple data suggests the phenomenon has spread overseas.

Third time the charm?Google releases a third Chrome beta with faster performance.

Intel warns that its earnings in Q4 may be hurt by economic slowdown The world’s biggest chipmaker, a bellwether for the tech industry, plans a mid-quarter update on Dec. 4.

Bluetooth headset maker Aliph cuts jobs — Maker of popular Jawbone may have trimmed its workforce by 30 percent.

Jaxtr CEO is out Konstantin Guericke resigns, not long after big layoffs at the VOIP service company.

IBM sues to stop exec from going to AppleApple may have wanted Mark Papermaster for his chip design expertise, but IBM says he has too many secrets.

Cookstr will give away recipes, sell booksEx-Hyperion Books chief teams up with cookbook writers.

A technology on its last legs — Ultra-wideband wireless networking technology loses promoter as WiQuest shuts down.

Nintendo’s new handheld The DSi launches in Japan to long lines.

WildTangent closes games studioAlex St. John, founder, moves from CEO to chairman.