Recessions and depressions

In this photo taken April 3, 2019, a pair of students walk past a historic mural that includes slaves and a dead Native American at George Washington High School in San Francisco. The San Fransisco school board unanimously voted Tuesday, June 25, 2019, to destroy a controversial mural displayed in a public high school. This is the latest move in recent times to remove New Deal-era art, now considered offensive. (Yalonda M. James/San Francisco Chronicle via AP)
July 04, 2019 - 2:23 pm
SAN FRANCISCO (AP) — San Francisco will spend up to $600,000 to paint over historical artwork at a public school depicting the life of George Washington, a mural once seen as educational and innovative but now criticized as racist and degrading for its depiction of black and Native American people...
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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)
July 03, 2019 - 4:14 am
LONDON (AP) — The British economy appears to be showing signs of falling into recession as uncertainty over Brexit combines with a less benign global backdrop. A closely watched survey of business activity in the U.K. showed Wednesday that the economy contracted in June at its steepest rate since...
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FILE - In this May 6, 2019, file photo, a woman looks at display boards at the Australian Stock Exchange in Sydney, Australia. Australia's central bank has cut its benchmark interest rate by a quarter of a percentage point to a new record low of 1% in a bid to boost the economy. (AP Photo/Rick Rycroft, File)
July 01, 2019 - 10:01 pm
CANBERRA, Australia (AP) — Australia's central bank cut its benchmark interest rate by a quarter of a percentage point on Tuesday to a new record low of 1% in a bid to boost the economy. The cut is the second in consecutive months. Previously the Reserve Bank of Australia had not shifted the rate...
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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 - 8:34 am
NEW YORK (AP) — U.S. stocks edged higher in midday trading on Wall Street Friday as investors closed 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 gains. The latest...
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FILE - In this June 20, 2019, file photo traders gather at a post on the floor of the New York Stock Exchange as they wait for the Slack Technologies IPO to begin trading. Stocks are off to a mixed start on Wall Street on Monday, June 24, as gains for technology companies are offset by losses in health care and other sectors. (AP Photo/Richard Drew, File)
June 24, 2019 - 12:47 pm
Health care companies helped pull the broader stock market slightly lower Monday in a day of listless trading on Wall Street as investors focused on upcoming trade talks between the U.S. and China. The major stock indexes drifted between small gains and losses for much of the day, though smaller...
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FILE- This May 11, 2012, file photo, shows a Capital One Bank office, in New York. All 18 of the nation's largest and most complex banks are strong enough to withstand a severe economic downturn and would be able to stay in business without collapsing, the Federal Reserve said Friday, June 21, 2019. Capital One, which has a large commercial banking business, was the most negatively impacted by the Fed's scenario but still remained more than well capitalized under the Fed's qualifications (AP Photo/Mark Lennihan, File)
June 21, 2019 - 2:27 pm
NEW YORK (AP) — All 18 of the nation's largest and most complex banks are strong enough to withstand a severe economic downturn and would be able to stay in business without collapsing, the Federal Reserve said Friday. The results are from the first round of the central bank's annual stress tests,...
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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 - 8:37 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 - In this July 22, 2104 file photo Children receive a free lunch at the Phoenix Day @ Central Park Youth Program in downtown Phoenix. Signs of entrenched childhood poverty, hunger and disparities in education have shifted to the American Southwest and states such as Arizona, New Mexico and Nevada, according a comprehensive study of childhood well-being. The 30th edition of the annual report from the Annie E. Casey Foundation shows risks for children have tracked the nation's population shift toward the southwest, while highlighting sustained improvements in health-care access for children. (AP Photo/Matt York,File)
June 17, 2019 - 2:09 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 undated file photo heiress and designer Gloria Vanderbilt walks down a New York street. Vanderbilt died on Monday, June 17, 2019, at 95, according to her son, CNN anchor Anderson Cooper. (New York Post via AP, File)
June 17, 2019 - 7:53 am
NEW YORK (AP) — Gloria Vanderbilt, the intrepid heiress, artist and romantic who began her extraordinary life as the "poor little rich girl" of the Great Depression, survived family tragedy and multiple marriages and reigned during the 1970s and '80s as a designer jeans pioneer, died Monday at the...
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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 - 1:31 am
FRANKFURT, Germany (AP) — The European Central Bank is weighing what to do about growth worries and sluggish inflation, just two days after the U.S. Federal Reserve opened the door to more stimulus. Speculation has grown that the bank could act to boost the economy against a background of sagging...
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