Recessions and depressions

FILE - In this June 18, 2019, photo trader Peter Tuchman, left, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, June 28. (AP Photo/Richard Drew, File)
June 28, 2019 - 5:16 pm
Stocks edged higher on Wall Street in afternoon trading Friday as investors closed out a wobbly week ahead of key trade talks between the U.S. and China. Every major index was headed for a weekly loss, but still solidly on track to close the month and quarter with solid gains. A wave of selling...
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FILE - In this Feb. 8, 2019, file photo, the logo for Citigroup appears above a trading post on the floor of the New York Stock Exchange. The nation's largest banks including Citigroup are rewarding shareholders by spending tens of billions raising their dividends and buying back stock after getting the green light from the Federal Reserve. (AP Photo/Richard Drew, File)
June 27, 2019 - 6:00 pm
NEW YORK (AP) — The nation's largest banks are rewarding shareholders by spending tens of billions raising their dividends and buying back stock after getting the green light from the Federal Reserve. The Fed on Thursday said it had approved the capital plans the nation's 18 largest banks submitted...
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FILE - In this May 2, 2019, file photo Mark Carney the Governor of the Bank of England speaks during an Inflation Report Press Conference at the Bank of England in the City of London. The Bank of England is open to the idea of letting new payment services such as Facebook's upcoming Libra hold funds with the central bank, Carney said Thursday, June 20. (AP Photo/Matt Dunham, Pool, File)
June 26, 2019 - 9:47 am
LONDON (AP) — The governor of the Bank of England gave his biggest hint yet that he'd back a stimulus package for the British economy if the country crashes out of the European Union at the end of October with no deal. In testimony to lawmakers on Wednesday, Mark Carney said the response from the...
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FILE - In this Sept. 6, 2018 file photo, Campaign Chair Larry Silbermann announces a goal of $8,133,333 at the United Way of the Coastal Empire 2018 Campaign Kick-Off at the Civic Center in Savannah, Ga. Charitable giving by individual Americans in 2018 suffered its biggest drop since the Great Recession of 2008-09, in part because of Republican-backed changes in tax policy, according to the latest comprehensive report on Americans' giving patterns released on Tuesday, June 18, 2019. (Steve Bisson/Savannah Morning News via AP)
June 18, 2019 - 11:37 am
NEW YORK (AP) — Charitable giving by individual Americans in 2018 suffered its biggest drop since the Great Recession of 2008-09, in part because of Republican-backed changes in tax policy. That's according to Giving USA, the most comprehensive report on Americans' giving patterns. The new report,...
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FILE - This April 12, 2018 file photo shows the Odebrecht headquarters in Sao Paulo, Brazil. The Brazilian construction giant filed for bankruptcy protection to restructure $13 billion in debt on Monday, June 17, 2019, worn down after spending five years at the center of one of the world’s largest corruption investigations. (AP Photo/Andre Penner, File)
June 17, 2019 - 8:31 pm
RIO DE JANEIRO (AP) — Brazilian construction giant Odebrecht filed for bankruptcy protection Monday to restructure $13 billion in debt, worn down after spending five years at the center of one of the world's largest corruption investigations. Odebrecht said in a statement that it and its...
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In this photo taken Friday, June 14, 2019, volunteers including Shelley Winship and retired accountant Ralph Nava, left, pick up food packages to deliver to homebound families and dependent children in Santa Fe, N.M., at the headquarters for Kitchen Angels. An annual report on childhood well-being from the Annie E. Casey Foundation ranks New Mexico last among 50 states that includes measures of poverty, health care, education and family support. The number of children living in poverty has swelled over the past three decades in fast-growing, ethnically diverse states such as Texas, Arizona and Nevada as the nation's population center shifts south and west. (AP Photo/Morgan Lee)
June 17, 2019 - 7:17 pm
SANTA FE, N.M. (AP) — The number of children living in poverty has swelled over the past three decades in fast-growing, ethnically diverse states such as Texas, Arizona and Nevada as the nation's population center shifts south and west, a report Monday on childhood well-being shows. The annual Kids...
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FILE - In this May 9, 2019, file photo, molten steel to make steel rods moves through the production line at the Gerdau Ameristeel mill in St. Paul, Minn. On Friday, June 14, the Federal Reserve reports on U.S. industrial production for April. (AP Photo/Jim Mone, File)
June 14, 2019 - 12:23 pm
WASHINGTON (AP) — U.S. industrial production improved in May, but manufacturers showed weakness despite eking out a slight gain. The Federal Reserve said Friday that industrial output, which includes factories, utilities and mines, rose 0.4% in May, after tumbling 0.4% in April. Manufacturing...
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FILE - In this May 9, 2019, file photo, California Gov. Gavin Newsom gestures towards a chart with proposed funding to deal with the state's homelessness as he discusses his revised state budget during a news conference in Sacramento, Calif. California lawmakers are scheduled to vote Thursday, June 13, 2019, on a $214.8 billion operating budget, sending the plan to Gov. Gavin Newsom's desk with a focus on expanding access to health insurance while spending billions of new money on homelessness and housing. (AP Photo/Rich Pedroncelli, File)
June 13, 2019 - 7:32 pm
SACRAMENTO, Calif. (AP) — A $214.8 billion budget approved Thursday by California lawmakers would upgrade the state's aging 911 system following the most devastating wildfire season in state history and help middle class families pay their monthly health insurance premiums. To fund those changes,...
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The bull and bear in front of the stock market are painted all green in Frankfurt, Germany, Monday, June 3, 2019. They were painted on occasion of the upcoming "Green Sauce" week when Frankfurt celebrates its most popular dish. (AP Photo/Michael Probst)
June 06, 2019 - 11:17 am
VILNIUS, Lithuania (AP) — The European Central Bank has taken action to support the economy in the 19-country eurozone, joining other major central banks like the U.S. Federal Reserve in responding to fears about global growth. The ECB said Thursday it would extend the earliest date for an interest...
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A woman shelter by the rain under an umbrella while walks beside a graffiti, in Alsasua, a small town around 50 km (31 miles) from Pamplona, northern Spain, Sunday, May 26, 2019. (AP Photo/Alvaro Barrientos)
June 04, 2019 - 11:29 am
FRANKFURT, Germany (AP) — These days, Europe seems to have two economies, not one. Services companies and consumers are rolling along fairly well. Unemployment is at the lowest in a decade and prices are comfortably under control for shoppers. At the same time, key indicators show that the...
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