Recessions and depressions

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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
A recently landed Delta Air Lines plane is towed past two stripped passenger planes at Pinal Airpark Wednesday, March 18, 2020, in Red Rock, Ariz., as many passenger planes are being kept at the facility as airlines cut back on service due to the coronavirus. (AP Photo/Ross D. Franklin)
1010 WINS Newsroom
March 18, 2020 - 7:19 pm
The number of confirmed cases of the new coronavirus worldwide surpassed 200,000 for the first time Wednesday and the damage being seeded in the global economy is growing more clear by the day. Furloughs and job cuts, from dog walkers to oilfield workers, have begun. Governments around the world...
Read More
Senate Majority Leader Mitch McConnell, R-Ky., walks to the chamber as lawmakers negotiate on the emergency coronavirus response legislation, at the Capitol in Washington, Wednesday, March 18, 2020. (AP Photo/J. Scott Applewhite)
1010 WINS Newsroom
March 18, 2020 - 4:11 pm
WASHINGTON (AP) — The Treasury Department said Wednesday it wants to dedicate $500 billion to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy as the coronavirus epidemic threatens a body slam to taxpayers and...
Read More
A trader works the floor at the New York Stock Exchange, Tuesday, March 17, 2020 in New York. (AP Photo/Mark Lennihan)
1010 WINS Newsroom
March 17, 2020 - 11:42 pm
BEIJING (AP) — Major Asian stock markets were higher Wednesday after Wall Street rebounded on President Donald Trump's promise of aid to get the U.S. economy through the coronavirus outbreak. Benchmarks in Shanghai, Tokyo and Hong Kong all advanced. Australia's main index fell 5% and smaller Asian...
Read More
Mike Mastrian, Director of the Senate Radio and Television Gallery, cleans down the podium before a news conference with Senate Majority Leader Mitch McConnell of Ky., on Capitol Hill in Washington, Tuesday, March 17, 2020. (AP Photo/Susan Walsh)
1010 WINS Newsroom
March 17, 2020 - 11:26 pm
WASHINGTON (AP) — In a massive federal effort Tuesday, President Donald Trump asked Congress to speed emergency checks to Americans, enlisted the military for MASH-like hospitals and implored ordinary people — particularly socially active millennials — to do their part by staying home to stop the...
Read More
Judie Shape, center, who has tested positive for the coronavirus, but isn't showing symptoms, presses her hand against her window after a visit through the window and on the phone with her daughter Lori Spencer, left, and her son-in-law Michael Spencer, Tuesday, March 17, 2020, at the Life Care Center in Kirkland, Wash., near Seattle. In-person visits are not allowed at the nursing home, which is at the center of the outbreak of the new coronavirus in the United States. (AP Photo/Ted S. Warren)
1010 WINS Newsroom
March 17, 2020 - 9:54 pm
BERLIN (AP) — Mass disruptions shuddered across the globe Tuesday as governments struggled to slow the spread of the coronavirus while trying to keep their economies afloat. The chaos included border traffic jams in Lithuania, the deaths of 17 elderly residents in one Madrid nursing home and a bus...
Read More

Pages