Recessions and depressions

FILE- This Aug. 8, 2018, file photo shows electronic menus at McDonald's flagship restaurant in Chicago. Robots aren’t replacing everyone, but a quarter of U.S. jobs will be severely disrupted as artificial intelligence accelerates the automation of today’s work, according to a new Brookings Institution report. The report published Thursday, Jan. 24, 2019, says roughly 36 million Americans hold jobs with “high exposure” to automation, meaning about 70 percent of their work tasks could soon be performed by machines using current technology. (AP Photo/Nam Y. Huh, File)
January 24, 2019 - 7:53 am
Robots aren't replacing everyone, but a quarter of U.S. jobs will be severely disrupted as artificial intelligence accelerates the automation of existing work, according to a new Brookings Institution report. Thursday's report from the Washington think tank says roughly 36 million Americans hold...
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Singer and co-founder of RED Bono, 2nd right, gestures to Afsaneh Mashayekhi Beschloss, founder of RockCreek, Christine Lagarde, Managing Director of IMF and Rwanda President Paul Kagame, from left, as he arrives for the "Closing the Financing Gap" session at the annual meeting of the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 23, 2019. (AP Photo/Markus Schreiber)
January 23, 2019 - 2:40 pm
DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 11:35 p.m. France's economy minister says he expects the future chief of Renault to consolidate the French automaker's alliance with Japanese partner Nissan. Bruno Le Maire was alluding to the...
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The sun rises behind the buildings of the banking district in Frankfurt, Germany, Sunday, Jan. 20, 2019. (AP Photo/Michael Probst)
January 21, 2019 - 6:48 am
FRANKFURT, Germany (AP) — Multiple threats stalking Europe's economy mean the European Central Bank could keep interest rates at rock-bottom levels longer than expected, extending skimpy returns for savers — but supporting indebted companies and governments with low borrowing costs. Speculation...
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nullFILE- In this Jan. 11, 2019, file photo, trader Frank O'Connell on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 18. (AP Photo/Richard Drew, File)
January 18, 2019 - 11:48 am
NEW YORK (AP) — Stocks in the U.S. and Europe are surging Friday as renewed hopes for progress in trade talks between the U.S. and China contribute to the market's newfound optimism. Indexes jumped after Bloomberg News reported that China's government offered to buy more goods and services from the...
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People walks in front of the Brandenburg Gate that is reflected in a puddle in Berlin, Germany, on a rainy Sunday, Jan. 13, 2019. (AP Photo/Michael Probst)
January 15, 2019 - 3:40 am
FRANKFURT, Germany (AP) — Germany's economic growth slowed in 2018 to the weakest rate in five years, adding to worries about a global downturn and the impact of trade conflicts. But government statistics officials, who reported that growth eased to 1.5 percent from 2.2 percent in 2017, said Europe...
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FILE - In this July, 18, 2013, file photo Federal Reserve Chairman Ben Bernanke testifies before the Senate Banking, Housing, and Urban Affairs Committee hearing on "The Semiannual Monetary Policy Report to the Congress" on Capitol Hill in Washington. Federal Reserve officials were worried about an adverse market reaction when they made their first tentative moves in 2013 to pull back on the massive support they had been providing to help the economy recover from the Great Recession. Transcripts of their discussions released Friday, Jan. 11, 2019, show that then-Federal Reserve Chairman Bernanke and his colleagues devoted considerable time debating the wording of the statement. (AP Photo/Manuel Balce Ceneta, File)
January 11, 2019 - 1:42 pm
WASHINGTON (AP) — Federal Reserve officials were worried about an adverse market reaction when they made their first tentative moves in 2013 to pull back on the massive support they had been providing to help the economy recover from the Great Recession. Transcripts of their discussions released...
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Visitor watch a stock trading board at a private stock market gallery in Kuala Lumpur, Malaysia, Friday, Jan. 11, 2019. Asian markets were mostly higher on Friday as investors cheered a more reactive Federal Reserve and U.S.-China trade talks. (AP Photo/Vincent Thian)
January 11, 2019 - 2:46 am
SINGAPORE (AP) — Global markets were mixed Friday as investors cheered the Federal Reserve's more restrained stance and opted to view this week's U.S.-China trade talks in a positive light. KEEPING SCORE: In Europe, Germany's DAX slipped 0.1 percent to 10,908.54 and the CAC 40 in France also edged...
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Visitor watch a stock trading board at a private stock market gallery in Kuala Lumpur, Malaysia, Friday, Jan. 11, 2019. Asian markets were mostly higher on Friday as investors cheered a more reactive Federal Reserve and U.S.-China trade talks. (AP Photo/Vincent Thian)
January 10, 2019 - 8:23 pm
SINGAPORE (AP) — Asian markets were mostly higher on Friday as investors cheered a more restrained Federal Reserve and U.S.-China trade talks. KEEPING SCORE: Japan's Nikkei 225 index advanced 0.7 percent to 20,306.16 and South Korea's Kospi was 0.4 percent higher at 2,071.18. Hong Kong's Hang Seng...
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California Gov. Gavin Newsom presents his first state budget during a news conference Thursday, Jan. 10, 2019, in Sacramento, Calif. (AP Photo/Rich Pedroncelli)
January 10, 2019 - 6:22 pm
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom released a state budget proposal Thursday that seemingly does it all — boosts spending toward his ambitious campaign promises and sets aside significant contributions toward debts and savings. It appears he can have his cake and eat it too...
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January 08, 2019 - 6:07 am
BERLIN (AP) — Concerns are growing that Europe's largest economy may have slipped into a technical recession after Germany's Economy Ministry reported Tuesday that industrial production dropped for the third consecutive month in November. Factory production was down 1.9 percent compared with...
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