Recessions and depressions

Muslim men perform Friday prayer at the distance of about one meter (3 ft) to each other as a social distancing effort to prevent the spread of new coronavirus outbreak at Al Akbar mosque in Surabaya, East Java, Indonesia, Friday, March 20, 2020. The vast majority of people recover from the new coronavirus. According to the World Health Organization, most people recover in about two to six weeks, depending on the severity of the illness. (AP Photo/Trisnadi)
1010 WINS Newsroom
March 20, 2020 - 8:41 am
The death toll from the global pandemic surpassed 10,000 people worldwide and the effects of a global economy grinding to a halt because of the pandemic were beginning to show, from millions of unsold flowers rotting in piles in Kenya to the slow emptying of the world’s skies. The U.N. chief warned...
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A surfer and jogger make their way along the bike path in the dog beach area of Huntington Breach, Calif. on Thursday, March 19, 2020. (AP Photo/Chris Carlson)
1010 WINS Newsroom
March 20, 2020 - 6:08 am
Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. DEATH TOLL HITS 10,000 IN CORONAVIRUS PANDEMIC California's governor orders people in the most populous state to stay home as the viral outbreak toll worsens so much world leaders warned of “...
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Senate Majority Leader Mitch McConnell of Ky., walk to attend a Republican policy lunch on Capitol Hill in Washington, Thursday, March 19, 2020. (AP Photo/Susan Walsh)
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March 19, 2020 - 9:25 pm
WASHINGTON (AP) — Senate Majority Leader Mitch McConnell unveiled a sweeping economic rescue plan Thursday to pump $1,200 direct checks to taxpayers, $300 billion for small businesses to keep idled workers on payroll and $208 billion in loans to airlines and other industries. It's the initial...
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Susan Stroud screens a customer at a Witham Health Services drive-through Community Viral Screening center, Thursday, March 19, 2020, in Whitestown, Ind. Indiana’s governor has ordered all public and private schools across the state remain closed to students until at least May 1 among steps aimed at slowing the coronavirus spread. (AP Photo/Darron Cummings)
1010 WINS Newsroom
March 19, 2020 - 7:41 pm
Italy's death toll from the coronavirus overtook China's, underscoring just how much the outbreak has pivoted toward Europe as well as the United States. The Middle East and Africa also are seeing a worrying number of new cases. The grim news from Italy followed the announcement from Chinese...
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This photo provided by the New York Stock Exchange, Thursday, March 19, 2020, shows trader Gregory Rowe, center, as he works on the trading floor. Stocks are see-sawing between gains and losses in midday trading on Wall Street Thursday, but the moves are more subdued than the wild jabs that have dominated recent weeks. (NYSE Photo by Alyssa Ringler via AP)
1010 WINS Newsroom
March 19, 2020 - 5:18 pm
NEW YORK (AP) — Stocks capped a wobbly day on Wall Street with solid gains Thursday, reflecting cautious optimism among investors that emergency action by the U.S. government and central banks will cushion the global economy from a looming recession caused by the coronavirus pandemic. The swings in...
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Unionized hospitality workers wait in line in a basement garage to apply for unemployment benefits at the Hospitality Training Academy Friday, March 13, 2020, in Los Angeles. Fearing a widespread health crisis, Californians moved broadly Friday to get in front of the spread of the coronavirus, shuttering schools that educate hundreds of thousands of students, urging the faithful to watch religious services online and postponing or scratching just about any event that could attract a big crowd. (AP Photo/Marcio Jose Sanchez)
1010 WINS Newsroom
March 19, 2020 - 12:10 pm
JEFFERSON CITY, Mo. (AP) — In Ohio, more than 48,000 people applied for jobless benefits during the first two days of this week. The tally during the same period the prior week: just 1,825. In neighboring Pennsylvania, about 70,000 people sought unemployment aid in a single day — six times the...
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People walk among U.S. flags with the U.S. Capitol in the background, Sunday, March 15, 2020, in Washington. House Speaker Nancy Pelosi, D-Calif., said Congress has started work on a new coronavirus aid package after the one just approved by the House early Saturday. (AP Photo/Jacquelyn Martin)
1010 WINS Newsroom
March 19, 2020 - 5:53 am
WASHINGTON (AP) — The fast-moving coronavirus upending every facet of American life is testing whether Washington, a capital city fractured by years of bitter partisanship and inaction, can still do big things. Not since the Great Recession of 2008, and before that the Sept. 11 attacks of 2001, has...
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A trader holds his hand to his head after trading was halted at the New York Stock Exchange, Wednesday, March 18, 2020, in New York. (AP Photo/Mark Lennihan)
1010 WINS Newsroom
March 18, 2020 - 10:54 pm
BANGKOK (AP) — Shares in Asia failed to hold onto opening gains on Thursday, skidding further after the latest selloff on Wall Street. Stocks fell in Tokyo, Sydney, Hong Kong and Seoul in early trading Thursday. Investors are in search of cash as fears of a prolonged coronavirus-induced recession...
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The twin spans of the Blue Water Bridge loom over the St. Clair River in Port Huron, Mich., looking to Sarnia, Ontario, Canada, Wednesday, March 18, 2020. The Canada-U.S. border will be closed to non-essential traffic in both directions "by mutual consent," the leaders of both countries confirmed Wednesday as efforts across the continent to contain COVID-19. (AP Photo/Paul Sancya)
1010 WINS Newsroom
March 18, 2020 - 10:48 pm
MINNEAPOLIS (AP) — President Donald Trump invoked emergency authority to marshal industry to fight the coronavirus, as the economic fallout from the pandemic mounted Wednesday with major U.S. auto manufacturers saying they are shutting down their North American factories. The announcements came...
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Traders at the New York Stock Exchange work as the market closes, Wednesday, March 18, 2020 in New York. (AP Photo/Mark Lennihan)
1010 WINS Newsroom
March 18, 2020 - 10:20 pm
NEW YORK (AP) — The Latest on action in the financial markets (all times local): 10:20 p.m. Shares in Asia have fallen, with Japan's benchmark failing to hold onto early gains as investors scrounged for cash amid recession fears. Tokyo's Nikkei 225 fell 0.2% to 16,691.45 while the Kospi in South...
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