Recessions and depressions

Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, July 31, 2019. (AP Photo/Manuel Balce Ceneta)
July 31, 2019 - 2:36 pm
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump's trade wars, stubbornly low inflation and global weakness. Yet Wall Street seemed disappointed that Chairman Jerome Powell signaled that...
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FILE - In this July 10, 2019, file photo Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill in Washington. Powell has signaled that rising economic pressures, notably from President Donald Trump’s trade wars and from a global slowdown, have become cause for concern. (AP Photo/Susan Walsh, File)
July 31, 2019 - 12:17 pm
NEW YORK (AP) — The Latest on the Federal Reserve and its action related to a key interest rate (all times local): 3:15 p.m. Federal Reserve Chairman Jerome Powell was unable to say how many times the U.S. central bank might cut rates, though he said it would not be a long series of rate cuts...
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Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, July 31, 2019. (AP Photo/Manuel Balce Ceneta)
July 31, 2019 - 12:11 pm
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump's trade wars to chronically low inflation and a dim global outlook. The Fed also repeated a pledge to "act...
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FILE - This June 20, 2019, file photo shows an existing home is offered for sale in Rutledge, Ga. Weaker home sales trends are expected to contribute to a sharp slowing in the home remodeling market. (AP Photo/John Bazemore, File)
July 29, 2019 - 10:31 am
NEW YORK (AP) — Weaker home sales trends are expected to contribute to a sharp slowing in the home remodeling market. That's the conclusion of a report by Harvard University's Joint Center for Housing Studies. The quarterly report forecasts that spending by homeowners for renovations, expansions...
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Sen. Elizabeth Warren, D-Mass., speaks about a bill to cancel student loan debt, Tuesday, July 23, 2019, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 26, 2019 - 11:30 am
WASHINGTON (AP) — Elizabeth Warren became a household name thanks to her prescient warning of what became a global financial crisis. Now she's staking her credentials on another forecast of fiscal trauma ahead. But even economists who like her prescription are skeptical about her diagnosis. The...
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Conservative party leadership candidate Boris Johnson delivers his speech during a Conservative leadership hustings at ExCel Centre in London, Wednesday, July 17, 2019. The two contenders, Jeremy Hunt and Boris Johnson are competing for votes from party members, with the winner replacing Prime Minister Theresa May as party leader and Prime Minister of Britain's ruling Conservative Party. (AP Photo/Frank Augstein)
July 18, 2019 - 4:36 am
LONDON (AP) — The U.K. will plunge into recession if it leaves the European Union without a divorce deal, with the pound plunging in value and the economy shrinking by 2% in a year, Britain's official economic watchdog said Thursday. The Office for Budget Responsibility made its assessment as...
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U.S. Federal Reserve Chairman Jerome Powell speaks during a dinner hosted by the Bank of France in Paris, Tuesday, July 16, 2019. Finance officials from the Group of Seven rich democracies will weigh risks from new digital currencies and debate how to tax U.S. tech companies like Google and Amazon when they meet in the Paris suburb of Chantilly tomorrow. (AP Photo/Michel Euler)
July 16, 2019 - 11:53 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that the 2008 financial crisis accelerated major changes in the U.S. and global economies, leading to slower growth, lower inflation and lower interest rates. Delivering remarks to a Paris economic conference, Powell said that...
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FILE - In this April 20, 2019, file photo, Ross Perot listens to a reporter's question during a news conference before accepting the Command and General Staff College Foundation's 2010 Distinguished Leadership Award in Kansas City, Mo. Perot, the Texas billionaire who twice ran for president, has died, a family spokesperson said Tuesday, July 9, 2019. He was 89. (AP Photo/Ed Zurga, File)
July 09, 2019 - 9:42 am
DALLAS (AP) — H. Ross Perot, the colorful, self-made Texas billionaire who rose from a childhood of Depression-era poverty and twice ran for president as a third-party candidate, has died. He was 89. The cause of death was leukemia, a family spokesman said Tuesday. Perot, whose 19% of the vote in...
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In this June 18, 2019, photo a man pulls a grocery cart as he walks in the rain past the stock ticker scroll board, showing a strong daily gain in the Dow Jones, outside Fidelity Investments in the Financial District of Boston. According to a survey by The Associated Press-NORC Center for Public Affairs Research, Americans are generally satisfied with their personal finances, but many lack confidence in their ability to afford retirement, an emergency expense or even their daily living costs (AP Photo/Charles Krupa)
July 09, 2019 - 5:28 am
WASHINGTON (AP) — Americans are generally satisfied with their personal finances, but many lack confidence in their ability to afford retirement, an emergency expense or even their daily living costs. Roughly two-thirds, 67%, describe their financial situation as generally good, up slightly from 62...
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July 07, 2019 - 4:00 pm
NEW YORK (AP) — Martin Charnin, who made his Broadway debut playing a Jet in the original "West Side Story" and went on to become a Broadway director and a lyricist who won a Tony Award for the score of the eternal hit "Annie," has died. He was 84. He died Saturday at a White Plains, New York,...
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