Recessions and depressions

German finance minister Olaf Scholz speaks during a party meeting of Hamburg's Social Democrats in Hamburg, Germany, Saturday, June 9, 2018. (Markus Scholz/dpa via AP)
June 09, 2018 - 9:39 am
FRANKFURT, Germany (AP) — Germany's finance minister is urging bolder steps to strengthen the 19-country euro currency union by setting up a fund to help member states suddenly hit with high unemployment, and by laying the foundations for a European Union-wide tax system. Finance Minister Olaf...
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FILE- In this Friday, Oct. 6, 2017, file photo, a worker helps build an apartment and retail complex in Nashville, Tenn. The National Association for Business Economics says in its latest quarterly outlook that its panel of 45 economists expects the economy, as measured by the gross domestic product, to expand 2.8 percent this year. That is down slightly from the panel's March forecast which put GDP growth this year at 2.9 percent. (AP Photo/Mark Humphrey, File)
June 04, 2018 - 12:12 am
WASHINGTON (AP) — A group of top business economists believes the major tax cuts President Donald Trump pushed through Congress will give a significant boost to economic growth this year and next year. But they worry that by 2020, the country could be entering a new recession. The National...
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FILE- In this May 15, 2018, file photo, Joan Herrera, center, sits and waits as his mother Andrea Batista Garcia, left, and Marlene Gonzales, fill out job applications while attending the Great Northeast 2018 Job Fair at Capriotti's in McAdoo, near Hazleton, Pa. The U.S. government issues the May jobs report on Friday, June 1. (Ellen F. O'Connell/Hazelton Standard-Speaker via AP, File)
June 02, 2018 - 10:13 am
WASHINGTON (AP) — Defying fears of a global trade war, U.S. businesses have made it abundantly clear that they see no reason to stop hiring. Employers added a robust 233,000 jobs in May, up from 159,000 in April, the government said Friday, and helped drive the nation's unemployment rate to an 18-...
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FILE- In this May 15, 2018, file photo, Joan Herrera, center, sits and waits as his mother Andrea Batista Garcia, left, and Marlene Gonzales, fill out job applications while attending the Great Northeast 2018 Job Fair at Capriotti's in McAdoo, near Hazleton, Pa. The U.S. government issues the May jobs report on Friday, June 1. (Ellen F. O'Connell/Hazelton Standard-Speaker via AP, File)
June 01, 2018 - 6:23 pm
WASHINGTON (AP) — Another month of strong hiring drove the nation's unemployment rate down to 3.8 percent — tantalizingly close to the level last seen in 1969, when Detroit still dominated the auto industry and the Vietnam War was raging. Employers added 233,000 jobs in May, up from 159,000 in...
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May 24, 2018 - 7:07 pm
CHERRY HILL, N.J. (AP) — Many pension funds for public workers already owe far more in retirement benefits than they have in the bank, and the problem will only grow worse if the economy slows down, according to a report released Thursday. The study from The Pew Charitable Trusts found that the New...
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President Donald Trump shows off the "Economic Growth, Regulatory Relief, and Consumer Protection Act," in the Roosevelt Room of the White House, Thursday, May 24, 2018, in Washington. (AP Photo/Evan Vucci)
May 24, 2018 - 4:16 pm
WASHINGTON (AP) — President Donald Trump on Thursday signed into law a measure that loosens key restraints for banks imposed after the 2008 financial crisis and Great Recession. Savoring the legislative triumph, he called it "the next step in America's unprecedented economic comeback." The...
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