Recessions and depressions

July 29, 2018 - 10:01 pm
COLORADO SPRINGS, Colo. (AP) — Billionaire industrialist Charles Koch warned Sunday that Trump administration trade policies could trigger a recession. The conservative activist lashed out at the Republican president's brewing international trade war as hundreds of donors gathered for a private...
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President Donald Trump delivers remarks on the economy from the South Lawn of the White House, Friday, July 27, 2018, in Washington. (AP Photo/Jacquelyn Martin)
July 27, 2018 - 1:32 pm
WASHINGTON (AP) — The U.S. economy accelerated last quarter at an annual rate of 4.1 percent, the government estimated Friday, as consumers spent tax-cut money, businesses stepped up investment and exporters rushed to ship their goods ahead of retaliatory tariffs. President Donald Trump said he was...
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President of European Central Bank Mario Draghi speaks during a news conference after a meeting of the ECB governing council in Frankfurt, Germany, Thursday, July 26, 2018. (AP Photo/Michael Probst)
July 26, 2018 - 9:41 am
FRANKFURT, Germany (AP) — The European Central Bank is stressing that interest rates will stay low well into next year even as the U.S. Federal Reserve is expected to keep raising rates in coming months. The central bank for the 19 countries that use the euro left its key rates and monetary...
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Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on 'The Semiannual Monetary Policy Report to the Congress', at Capitol Hill in Washington on Tuesday, July 17, 2018. (AP Photo/Jose Luis Magana)
July 17, 2018 - 4:22 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that strong economic growth will keep the central bank on a path to gradually raise interest rates. But he noted that President Donald Trump's get-tough trade policies run the risk of dampening future growth if they...
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FILE - In this Nov. 14, 2017 file photo, Puerto Rico Gov. Ricardo Rossello, left, speaks during a Senate Committee on Energy and Natural Resources hearing on hurricane recovery, on Capitol Hill in Washington. Puerto Rico's governor said in a statement Thursday, July 5, 2018 he will sue a federal control board to resolve budget differences as the U.S. territory battles an 11-year recession. (AP Photo/Jacquelyn Martin, File)
July 05, 2018 - 12:22 pm
SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor announced Thursday that his administration will sue a federal control board to resolve a disagreement over two competing budgets that aim to pull the U.S. territory out of an 11-year recession. Gov. Ricardo Rossello said he is seeking an...
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In this photo taken on Friday, June 29, 2018, tourists and soccer fans walk in the State Shop, GUM, decorated with giant soccer balls during the 2018 soccer World Cup in Moscow, Russia. The World Cup is sending business surging across the 11 Russian cities hosting soccer’s biggest show. Bars, taxi services, dumpling sellers and nesting doll vendors are among those benefiting. The Russian president was counting on just such a boost after U.S. and European sanctions and low oil prices sank the country into recession. But experts warn the boon won’t last long without deeper economic reforms. (AP Photo/Alexander Zemlianichenko)
June 30, 2018 - 7:25 am
MOSCOW (AP) — Moscow's beer kegs are emptying fast and demand for Vladimir Putin T-shirts is overwhelming St. Petersburg street vendors as the World Cup sends business surging across the 11 Russian cities hosting soccer's biggest show. The Russian president was counting on just such a boost after U...
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June 29, 2018 - 11:40 am
SAN JUAN, Puerto Rico (AP) — New austerity measures are looming for storm-battered Puerto Rico after local legislators refused to alter labor laws as demanded by a federal control board that said changes would stimulate the U.S. territory's economy amid an 11-year recession. The board that is...
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FILE- In this Jan. 16, 2018, file photo, the General Electric logo is displayed at the top of their Global Operations Center in the Banks development of downtown Cincinnati. A year after taking over an ailing American conglomerate, CEO John Flannery is calving off larger chunks of General Electric, spinning off its health care business and selling its stake in the oil services company, Baker Hughes. (AP Photo/John Minchillo, File)
June 26, 2018 - 6:06 pm
NEW YORK (AP) — General Electric Co. is shrinking again, becoming a mere shadow of the globe-spanning conglomerate that it was before the Great Recession. GE said Tuesday that it will spin off its health-care business and sell its interest in Baker Hughes, which provides drilling services to oil...
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FILE - In this April 19, 2018 file photo, presidential hopeful, conservative lawmaker Jair Bolsonaro flashes two thumbs up as he poses for a photo with cadets during a ceremony marking Army Day, in Brasilia, Brazil. Bolsonaro, a former Army captain who waxes nostalgically about the dictatorship, is second in the polls behind da Silva, who is jailed and likely will not be able to run. (AP Photo/Eraldo Peres, File)
June 22, 2018 - 10:57 am
RIO DE JANEIRO (AP) — Furious at corrupt politicians and fearful of deteriorating security, many Brazilians are calling for a military intervention to clean house of crooked leaders and crack down on heavily armed drug gangs. While chances of a military takeover in Latin America's largest nation...
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FILE- In this June 14, 2018, file photo, Federal Reserve Board Chairman Jerome Powell, left, and Vice Chair Randal Quarles listen during an open meeting in Washington. The Federal Reserve says that all of the 35 largest U.S. banks are fortified enough to survive an economic shock and keep on lending. (AP Photo/Cliff Owen, File)
June 21, 2018 - 6:08 pm
WASHINGTON (AP) — The Federal Reserve says that all of the 35 largest U.S. banks are fortified enough to survive an economic shock and keep on lending. Banks' hypothetical losses from credit cards increased in the latest "stress tests," however. The first round of the central bank's annual stress...
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