Recessions and depressions

FILE - In this Sept. 30, 2018, file photo, empty seats are shown at Safeco Field as Seattle Mariners starting pitcher Roenis Elias throws against the Texas Rangers during the first inning of a baseball game, in Seattle. Major League Baseball's attendance dropped to its lowest level since 2003, and six stadiums set record lows. (AP Photo/Ted S. Warren, File)
October 02, 2018 - 1:39 pm
NEW YORK (AP) — Major League Baseball's average attendance dropped 4 percent to 28,830, its lowest since 2003 after 14 consecutive seasons topping 30,000, and six stadiums set record lows. Baltimore's Camden Yards, Chicago's Guaranteed Rate Field, Minnesota's Target Field, Miami's Marlins Park and...
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September 14, 2018 - 2:26 pm
WASHINGTON (AP) — The Federal Reserve Bank of San Francisco on Friday announced the appointment of Mary Daly, a longtime Fed economist and a labor market specialist, as the next president of the regional bank. Daly replaces John Williams, who became president of the New York Federal Reserve Bank in...
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September 12, 2018 - 10:04 pm
FRANKFURT, Germany (AP) — The European Central Bank is expected to ratchet back its stimulus efforts again on Thursday as it gingerly phases out extraordinary support for the economy left over from the Great Recession and the euro currency union's debt crisis. The bank's 25-member governing council...
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FILE- In this Oct. 23, 2014, file photo people are reflected in a window at the Delano Las Vegas overlooking the Las Vegas Valley in Las Vegas. The income of a median U.S. household rose for a third straight year in 2017, boosted by a rise in the number of Americans with full-time jobs. (AP Photo/John Locher, File)
September 12, 2018 - 9:06 am
WASHINGTON (AP) — The income of a median U.S. household rose for a third straight year in 2017, boosted by a rise in the number of Americans with full-time, year-round jobs. The Census Bureau said Wednesday that incomes for a typical household, adjusted for inflation, rose 1.8 percent, from $60,309...
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Greece's Prime Minister Alexis Tsipras, right, and Simos Anastasopoulos, President of the American-Hellenic Chamber of Commerce, center, listen to U.S. Commerce Secretary Wilbur Ross, during a visit at Thessaloniki International Trade Fair, at the northern Greek city of Thessaloniki, Saturday, Sept. 8, 2018. Thousands of police officers will be on duty in the northern city Saturday, as anti-austerity protests are planned throughout the city, at the same time when Tsipras plans to outline his economic platform for a country emerging from a decade of international bailout measures. (AP Photo/Giannis Papanikos)
September 08, 2018 - 5:00 am
THESSALONIKI, Greece (AP) — U.S. Commerce Secretary Wilbur Ross on Saturday inaugurated a trade fair in recession-weary Greece, where the government is pushing for overseas investment but faces mass protests after years of plummeting living standards. Ross joined Greece's left-wing Prime Minister...
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In this June 19, 2018 photo, several ship to shore cranes stack shipping containers on-board the container ship Maersk Semarang while three Ever Green Line refrigerated containers wait to be loaded onto another ship at the Port of Savannah in Savannah, Ga. On Wednesday, Aug. 29, the Commerce Department issues the second of three estimates of how the U.S. economy performed in the April-June quarter. (AP Photo/Stephen B. Morton)
August 29, 2018 - 8:15 am
WASHINGTON (AP) — The U.S. economy grew at a strong 4.2 percent annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest full-year gain in more than a decade. Strength in business investment offset slightly slower consumer...
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In this photo released by Greek Prime Minister's office, Greek Prime Minister Alexis Tsipras delivers a speech from the western Greek island of Ithaca, legendary home of the ancient mariner Odysseus, hero of Homer's Odyssey epic, on Tuesday, Aug. 21, 2018. Speaking to local officials on the island, Tsipras compared Greece's bailout travails with those of Odysseus. Greece remains shackled to the austerity demands of its former creditors even though it officially entered its post-bailout era Tuesday. (Andrea Bonetti /Greek Prime Minister's Office via AP)
August 21, 2018 - 4:00 am
ATHENS, Greece (AP) — Greece's eight-year bailout ordeal will forever be bookended by two of the country's iconic islands. In choosing the western island of Ithaca to declare the end of the bailout era Tuesday, Greek Prime Minister Alexis Tsipras harked back to one of the country's legendary heroes...
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July 29, 2018 - 7:01 pm
COLORADO SPRINGS, Colo. (AP) — Billionaire industrialist Charles Koch warned Sunday that Trump administration trade policies could trigger a recession. The conservative activist lashed out at the Republican president's brewing international trade war as hundreds of donors gathered for a private...
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President Donald Trump delivers remarks on the economy from the South Lawn of the White House, Friday, July 27, 2018, in Washington. (AP Photo/Jacquelyn Martin)
July 27, 2018 - 10:32 am
WASHINGTON (AP) — The U.S. economy accelerated last quarter at an annual rate of 4.1 percent, the government estimated Friday, as consumers spent tax-cut money, businesses stepped up investment and exporters rushed to ship their goods ahead of retaliatory tariffs. President Donald Trump said he was...
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A woman begs for money near a shop window promoting sales up to 70 per cent discount, in downtown Rome, Wednesday, July 25, 2018. (AP Photo/Gregorio Borgia)
July 26, 2018 - 5:08 am
FRANKFURT, Germany (AP) — The European Central Bank is stressing that interest rates will stay low well into next year even as the U.S. Federal Reserve is expected to keep raising rates in coming months. The central bank for the 19 countries that use the euro left its key rates and monetary...
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