Recessions and depressions

A pedestrian passes Britain's Houses of Parliament on the bank of The River Thames in London, Thursday, Aug. 29, 2019. Jacob Rees-Mogg, The leader of the British House of Commons has defended Prime Minister Boris Johnson's move to suspend parlliament, a move that gives his political opponents less time to block a no-deal Brexit before the October 31 withdrawal deadline. (AP Photo/Kirsty Wigglesworth)
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August 29, 2019 - 8:02 am
LONDON (AP) — Europe's Brexit drama is hurtling toward a new climax at the wrong time for the region's economy, threatening to sow chaos for businesses just as a large part of the continent is sliding toward recession. British Prime Minister Boris Johnson's move to suspend Parliament for weeks...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Aug. 29, 2019. Asian stocks declined Thursday following Wall Street's rebound amid uncertainty about U.S.-Chinese trade tension. (AP Photo/Eugene Hoshiko)
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August 29, 2019 - 7:59 am
BEIJING (AP) — Stock markets turned higher on Thursday on hopes for more talks next month on the trade war between the United States and China. European indexes rose after Asian ones closed lower, with futures pointing to gains on Wall Street later in the day. Trade negotiators are due to meet in...
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FILE - In this Aug. 21, 2019, file photo specialist Anthony Matesic, center, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Aug. 28. (AP Photo/Richard Drew, File)
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August 28, 2019 - 2:35 pm
Banks and energy companies helped power U.S. stocks broadly higher in afternoon trading Wednesday as the market clawed back some of its losses from a day earlier. Financial sector stocks accounted for much of the rally, which reversed an early slide. Big banks were among the sector's gainers. Wells...
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President Donald Trump and first lady Melania Trump arrive at Andrews Air Force Base, Md., Tuesday, Aug. 27, 2019, for a short trip to the White House after returning from the G-7 Summit in Biarritz, France (AP Photo/Andrew Harnik)
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August 27, 2019 - 5:43 pm
WASHINGTON (AP) — President Donald Trump, who last week suggested Fed Chairman Jerome Powell could be an enemy, is now saying that the central bank "loves" the troubles U.S. manufacturers are facing. The president's tweet Tuesday appears to be his latest effort pressure the central bank to lower...
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FILE - In this Aug. 19, 2019, file photo trader Frank Masiello, left, and specialist Anthony Matesic work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Aug. 27. (AP Photo/Richard Drew, File)
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August 27, 2019 - 12:43 pm
U.S. stock indexes veered lower in midday trading Tuesday, giving up early gains, as investors shifted money into government bonds and other less risky assets. Financial stocks fell the most as bond prices surged, pulling yields sharply lower. The yield on the 10-year Treasury note fell to 1.48%...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Aug. 27, 2019. Asian shares mostly rose Tuesday as investors found reason to be cautiously optimistic again about the potential for progress in the costly trade war between the U.S. and China. (AP Photo/Eugene Hoshiko)
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August 27, 2019 - 7:45 am
TOKYO (AP) — Global shares were mixed Tuesday as investors seemed slightly more hopeful again about the potential for progress in the costly trade war between the U.S. and China. Wall Street was set to open with modest gains after gains on Monday, which was prompted by President Donald Trump's...
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The sun rises next to the European Central Bank at the river Main in Frankfurt, Germany, early Thursday, Aug. 22, 2019. (AP Photo/Michael Probst)
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August 26, 2019 - 5:42 am
BERLIN (AP) — German business confidence has fallen for a fifth consecutive month and hit a nearly seven-year low, a closely watched survey found Monday — adding to mounting worries that Europe's biggest economy is headed for a recession. The Ifo institute said its monthly confidence index declined...
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Canadian Prime Minister Justin Trudeau, second from left, German Chancellor Angela Merkel, left, President of France Emmanuel Macron, second from right, and British Prime Minister Boris Johnson take part in a working session with G7 leaders on the second day of the G-7 summit in Biarritz, France Sunday, Aug. 25, 2019. (Sean Kilpatrick/The Canadian Press via AP)
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August 25, 2019 - 3:33 pm
BIARRITZ, France (AP) — A top Iranian official paid an unannounced visit Sunday to the G-7 summit and headed straight toward the heart of the city where leaders of the world's major democracies have been debating how to handle the country's nuclear ambitions. France's surprise invitation of Iranian...
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FILE -- In this Friday, July 6, 2018 photo Jens Weidmann, president of the Deutsche Bundesbank, talks as he visits a cabinet meeting at the chancellery in Berlin, Germany. The head of Germany’s central bank is warning against taking an overly pessimistic view of the economic outlook, days after the bank cautioned that the country’s economy, Europe’s biggest, could enter a recession in the current quarter. (AP Photo/Michael Sohn, file)
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August 25, 2019 - 5:30 am
BERLIN (AP) — The head of Germany's central bank is warning against taking an overly pessimistic view of the economy, days after the bank cautioned that Europe's biggest economy could enter a recession in the current quarter. The German economy contracted by 0.1% in the April-June period and the...
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Protestors throw a road sign at a police barricade in Bayonne, France, Saturday, Aug. 24, 2019. World leaders and protesters are converging on the southern French resort town of Biarritz for the G-7 summit. President Donald Trump will join host French President Emmanuel Macron and the leaders of Britain, Germany, Japan, Canada and Italy for the annual summit in the nearby resort town of Biarritz. (AP Photo/Emilio Morenatti)
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August 25, 2019 - 1:05 am
BIARRITZ, France (AP) — The Latest on the Group of Seven summit (all times local): 11:05 p.m. French authorities have detained 68 people taking part in a tense protest near the G-7 summit. The regional administration says those detained are accused of throwing projectiles, concealing their faces or...
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