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 - 4:39 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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In this June 15, 2018 photo, cash is fanned out from a wallet in North Andover, Mass. On Thursday, Aug. 20, the Federal Reserve reports on household wealth for the April-June quarter. (AP Photo/Elise Amendola)
September 20, 2018 - 3:40 pm
WASHINGTON (AP) — A rising stock market lifted U.S. household wealth to a record $106.9 trillion in the April-June quarter, the culmination of a decade of economic recovery but a gain that is concentrated largely among the most affluent. The value of Americans' stock and mutual fund portfolios rose...
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FILE- In this June 5, 2018, file photo a roll of steel is moved into position at the Borusan Mannesmann Pipe manufacturing facility in Baytown, Texas. On Friday, Sept. 14, the Federal Reserve reports on U.S. industrial production for August. (AP Photo/David J. Phillip, File)
September 14, 2018 - 9:42 am
WASHINGTON (AP) — U.S. industrial production rose by a healthy 0.4 percent in August, boosted by gains in the production of autos, oil and natural gas. The Federal Reserve said Friday that industrial production, which includes output at factories, mines and utilities, has climbed 4.9 percent over...
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September 13, 2018 - 1:04 am
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 - 12:43 pm
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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September 04, 2018 - 8:31 am
JOHANNESBURG (AP) — The South African economy has fallen into recession, compounding concerns about its weakening currency, plans for land reform and fallout from state corruption under former president Jacob Zuma. The Statistics South Africa group said Tuesday that the economy shrank by 0.7...
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Esther George, left, President and CEO of the Federal Reserve Bank of Kansas City, John Williams, center, President and CEO of the Federal Reserve Bank of New York, and Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System walk together after Powell's speech at the Jackson Hole Economic Policy Symposium on Friday, Aug. 24, 2018 in Jackson Hole, Wyo. Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. (AP Photo/Jonathan Crosby)
August 24, 2018 - 4:19 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. Powell added that while annual inflation has risen to near the Fed's 2 percent target rate, it doesn't seem...
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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 - 7:00 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 - 10:01 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 - 1:32 pm
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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