Recessions and depressions

FILE- In this July 5, 2018, file photo a worker sews the Afloat water bed at the factory in Corona, Calif. On Friday, March 15, 2019, the Federal Reserve reports on U.S. industrial production for February. (AP Photo/Chris Carlson, File)
March 15, 2019 - 10:41 am
WASHINGTON (AP) — U.S. industrial production rose a slight 0.1 percent in February, as an increase in utilities and mining offset the second straight monthly drop in manufacturing. The Federal Reserve said Friday that the manufacturing component of the index fell 0.4 percent last month, after...
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March 10, 2019 - 8:52 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says political attacks by President Donald Trump played no role in the Fed's decision in January to signal that it planned to take a pause in hiking interest rates. He also said in an interview broadcast Sunday that he can't be fired by the...
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Dark clouds hang over the city with its bank buildings in Frankfurt, Germany, on a windy Thursday morning, March 7, 2019. (AP Photo/Michael Probst)
March 07, 2019 - 12:12 pm
FRANKFURT, Germany (AP) — The European Central Bank took unexpectedly quick action on Thursday to support a slowing economy, joining the U.S Federal Reserve and Chinese leadership in their attempts to counter worries about global growth. The central bank for the 19 countries that use the euro...
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FILE- In this Jan. 4, 2019, file work continues on a plan of new homes in Franklin Park, Pa. On Thursday, March 7, the Labor Department issues revised data on productivity in the fourth quarter. (AP Photo/Keith Srakocic, File)
March 07, 2019 - 8:54 am
WASHINGTON (AP) — U.S. productivity grew at a rate of 1.9 percent in the fourth quarter, a slight improvement over the third quarter. Labor costs rose 2 percent, the strongest gain since the beginning of 2018. The Labor Department reported Thursday that the result from the October-December period...
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This photo provided by Janssen Global Services shows Spravato nasal spray. Spravato, a mind-altering medication related to the club drug Special K, won U.S. approval Tuesday, March 5, 2019, for patients with hard-to-treat depression, the first in a series of long-overlooked substances being reconsidered for severe forms of mental illness. (Janssen Global Services via AP)
March 06, 2019 - 3:07 am
WASHINGTON (AP) — A mind-altering medication related to the club drug Special K won U.S. approval Tuesday for patients with hard-to-treat depression, the first in a series of long-overlooked substances being reconsidered for severe forms of mental illness. The nasal spray from Johnson & Johnson...
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Steve Bray, a protestor who supports Britain remaining in the European Union and has been demonstrating across the street from the Houses of Parliament in London for more than 18 months, holds up a new placard he and other protestors made this morning, Tuesday, March 5, 2019. The U.K. government agreed Friday to pay 33 million pounds ($43 million) to settle a lawsuit that claimed it improperly awarded contracts to run extra ferry services in the event that Britain leaves the European Union without an agreement on future relations. (AP Photo/Matt Dunham)
March 05, 2019 - 11:36 am
BRUSSELS (AP) — The Latest on Brexit (all times local): 5:20 p.m. The head of Britain's central bank says recent "constructive developments" will help limit the scale of any recession that would occur if Britain leaves the European Union without a withdrawal deal. Bank of England Governor Mark...
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An orange sky is seen over the banking district of Frankfurt, Germany, on Tuesday, Feb. 26, 2019. (AP Photo/Michael Probst)
March 01, 2019 - 8:02 am
LONDON (AP) — Worries are growing that the 19-country eurozone economy is heading toward a recession that could start undoing hard-earned improvements in the labor market. In a survey of manufacturers that is closely monitored by the European Central Bank in its interest rate deliberations,...
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FILE - In this Jan. 18, 2017 file photo, construction personnel work on a building project just south of Chicago's Loop. The U.S. economy slowed in the final three months of last year to an annual growth rate of 2.6 percent, the slowest pace since the beginning of 2018, as the government shutdown and other factors took a toll on growth. Economists believe growth has slowed even more in the current quarter. (AP Photo/Charles Rex Arbogast)
February 28, 2019 - 4:51 pm
WASHINGTON (AP) — The U.S. economy turned in a solid performance in 2018, boosted in part by tax cuts and higher government spending. But growth slowed by year's end, and most economists envision a weaker outlook for the coming months and probably years. The nation's gross domestic product, the...
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In this Feb. 11, 2019 photo, Venezuelan Diomira Becerra, left center, arrives with her 7-year-old daughter Hillary and her mother Betty Guerrero, for an interview at the entrance of the Simon Bolivar International Bridge, in La Parada, Colombia, near Cucuta. Becerra left Venezuela three years ago and has built a life for her family in the border city of Cucuta. (AP Photo/Fernando Vergara)
February 27, 2019 - 11:09 am
CUCUTA, Colombia (AP) — Next year in Caracas? As Venezuela's opposition rekindles street protests and builds powerful international support, the millions who fled are redirecting their gaze toward their beloved homeland in hopes that their exile will prove short-lived. Diomira Becerra has been...
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Supporters of Nigeria's President Muhammadu Buhari carry posters showing Buhari and other party officials during a march to celebrate his electoral win, on a street in Kano, northern Nigeria Wednesday, Feb. 27, 2019. Buhari on Wednesday defended his sweeping win of a second term as free and fair and appealed to a "common love of country" as his top challenger vowed to go to court with allegations of fraud. (AP Photo/Ben Curtis)
February 27, 2019 - 10:54 am
ABUJA, Nigeria (AP) — Nigeria's president on Wednesday defended his sweeping win of a second term as free and fair and appealed to a "common love of country" as his top challenger vowed to go to court with allegations of fraud. President Muhammadu Buhari was declared the clear winner by nearly 4...
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