Recessions and depressions

Men who were arrested for violating quarantine health protocols have their temperatures checked at the Amoranto Sports Complex in Manila, Philippines on Wednesday, July 8, 2020. Philippine President Rodrigo Duterte eased one of the world's longest lockdowns in the Philippine capital of more than 13 million people on June 1 after the economy shrank in the first quarter in its first contraction in more than two decades. (AP Photo/Aaron Favila)
1010 WINS Newsroom
July 08, 2020 - 9:40 am
MANILA, Philippines (AP) — Confirmed coronavirus infections in the Philippines soared past 50,000 on Wednesday in a troubling milestone for a country that has reopened an economy on the brink of recession while still struggling to combat the pandemic. The Department of Health reported 2,539 new...
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FILE - In this March 12, 2020, file photo, specialist Meric Greenbaum, center, works with traders on the floor of the New York Stock Exchange. U.S. stocks are dipping modestly in early trading Tuesday, July 7, 2020, as expanding coronavirus outbreaks dim hopes for a speedy recovery. (AP Photo/Richard Drew, File)
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July 07, 2020 - 11:02 pm
TOKYO (AP) — Shares were mixed in Asia on Wednesday as uncertainty over the pandemic sapped the buying enthusiasm that has been driving prices higher. The selling followed a deeper pullback on Wall Street and in France, Germany and elsewhere after the European Union’s executive arm said this year’s...
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FILE - In this April 5, 2020 file photo, Mexican President Andres Manuel Lopez Obrador speaks at the National Palace in Mexico City. For his first foreign trip as president, López Obrador travels to Washington Tuesday, July 7, 2020 to meet with President Donald Trump. (AP Photo/Eduardo Verdugo, File)
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July 07, 2020 - 10:26 pm
MEXICO CITY (AP) — For his first foreign trip as president, Mexico’s Andrés Manuel López Obrador travels to Washington Tuesday to meet with President Donald Trump, who has repeatedly taken shots at Mexico and Mexican migrants to rally his base. The visit, coming just four months before U.S...
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Instacart worker Saori Okawa loads groceries into her car for home delivery on Wednesday, July 1, 2020, in San Leandro, Calif. Okawa is one of an estimated 1.5 million so-called gig workers who make a living driving people to airports, picking out produce at grocery stores or providing childcare for working parents. But with the pandemic pummeling the global economy and U.S. unemployment reaching heights not seen since the Great Depression, gig workers are clamoring for jobs that often pay less while facing stiff competition from a crush of newly unemployed workers also attempting to patch together a livelihood until the economy recovers. (AP Photo/Ben Margot)
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July 05, 2020 - 12:34 pm
NEW YORK (AP) — There were the two-hour, unpaid waits outside supermarkets when San Francisco first started to lock down, on top of the heavy shopping bags that had to be lugged up countless flights of stairs. And yet even after signing up for several apps, 39-year-old Saori Okawa still wasn't...
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Germany's Chancellor Angela Merkel walks, prior to a joint press conference with EU Commission President Ursula von der Leyen via videolink, in the foyer of the Federal Chancellery, in Berlin, Thursday, July 2, 2020. Merkel joined the President of the EU Commission, the three executive Vice-Presidents, the Commissioner for External Relations and the Commissioner for Internal Affairs to discuss the work programme as Germany took over the presidency of the Council of the EU. (Kay Nietfeld/dpa via AP)
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July 03, 2020 - 5:12 am
BERLIN (AP) — German Chancellor Angela Merkel pushed Friday for a quick agreement on a recovery fund aimed at pulling the European Union out of the coronavirus recession, arguing that “every day counts.” Germany, which has the EU's biggest economy and most populous country, took over the rotating...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, July 3, 2020. Markets advanced in Asia on Friday following a Wall Street rally driven by strong jobs data. (AP Photo/Eugene Hoshiko)
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July 02, 2020 - 11:26 pm
Markets advanced in Asia on Friday following a Wall Street rally driven by strong jobs data. Tokyo's Nikkei 225 index picked up 0.3% to 22,220.33, while the Shanghai Composite index jumped 1.3% to 3,130.62. In South Korea, the Kospi gained 0.6% to 2,148.24, and Australia's S&P/ASX 200 rose 0.6...
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FILE - In this Monday, June 29, 2020, file photo, Bigard Ogbonna, right, checks a customer's temperature before they enter a store at the Garden State Plaza mall in Paramus, N.J., as New Jersey's indoor shopping malls reopened from their COVID-19 pause. U.S. employers likely rehired several million more workers in June, thereby reducing a Depression-level unemployment rate, but the most up-to-date data suggests that a resurgent coronavirus will limit further gains. (AP Photo/Seth Wenig, File)
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July 02, 2020 - 1:38 pm
WASHINGTON (AP) — U.S. unemployment fell to 11.1% in June as the economy added a solid 4.8 million jobs, the government reported Thursday. But the job-market recovery may already be faltering because of a new round of closings and layoffs triggered by a resurgence of the coronavirus. While the...
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In this Thursday, June. 18, 2020, photo, West Quincy Pawn Shop owner Lionel Hammond poses for a photo in the gun section of the store which Hammond pointed out has a noticeably low stock in West Quincy, Mo. At West Quincy Pawn Shop, Hammond said sales have been off the charts and that he can't keep merchandise on the shelves as buyers are using their governmental stimulus money to buy firearms, jewelry, televisions and other electronics. (Jake Shane/Quincy Herald-Whig via AP)
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July 01, 2020 - 4:41 pm
Historic numbers of background checks to purchase or possess a firearm were done in June, a trend in a year marked by uncertainty over the coronavirus pandemic, a subsequent economic recession, protests over racial injustice and calls to reduce police funding. FBI numbers released Wednesday show...
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FILE - In this June 4, 2020 file photo, a pedestrian wearing a mask walks past a reader board advertising a job opening for a remodeling company, in Seattle. U.S. companies added nearly 2.4 million jobs in June, according to a private survey, a large gain that still leaves the job market far below its pre-pandemic levels. The payroll company ADP said that small businesses reported the largest gain, adding 937,000 jobs. Construction firms and restaurants and hotels also posted big increases in hiring. (AP Photo/Elaine Thompson, File)
1010 WINS Newsroom
July 01, 2020 - 3:33 pm
WASHINGTON (AP) — With the viral outbreak worsening and unemployment at Depression-era levels, the government on Thursday will issue what will almost surely be another remarkable jobs report. Hiring in June might have reached the highest monthly total on record — 3 million. Yet so deep were the...
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A woman wearing a mask passes the New York Stock Exchange, Tuesday, June 30, 2020, during the coronavirus pandemic. (AP Photo/Mark Lennihan)
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June 30, 2020 - 6:13 pm
Wall Street capped its best quarter since 1998 Tuesday with more gains, a fitting end to a stunning three months for investors as the market screamed back toward its record heights after a torrid plunge. The S&P 500 climbed 1.5%, bringing its gain for the quarter to nearly 20%. That rebound...
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