Recessions and depressions

In this photo taken June 8, 2018, craft donut shop owner Amy Pruchnic, right, talks with an employee at her busy new store in downtown Spokane, Wash. The state's second-largest city is booming these days thanks to a good economy and influx of new residents. (AP Photo/Nicholas K. Geranios)
August 11, 2018 - 12:13 pm
SPOKANE, Wash. (AP) — Ramsey and Amy Pruchnic lived in the Seattle area for five years before deciding they wanted to escape the Puget Sound rat race and move closer to family on the opposite side of the state. Now they own their own businesses and live in a 1928 farmhouse on 10 rural acres they...
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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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President of European Central Bank Mario Draghi speaks during a news conference after a meeting of the ECB governing council in Frankfurt, Germany, Thursday, July 26, 2018. (AP Photo/Michael Probst)
July 26, 2018 - 9:41 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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Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on 'The Semiannual Monetary Policy Report to the Congress', at Capitol Hill in Washington on Tuesday, July 17, 2018. (AP Photo/Jose Luis Magana)
July 17, 2018 - 4:22 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that strong economic growth will keep the central bank on a path to gradually raise interest rates. But he noted that President Donald Trump's get-tough trade policies run the risk of dampening future growth if they...
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Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on 'The Semiannual Monetary Policy Report to the Congress', at Capitol Hill in Washington on Tuesday, July 17, 2018. (AP Photo/Jose Luis Magana)
July 17, 2018 - 12:01 pm
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's semi-annual testimony to Congress on Tuesday (all times local): ___ 11:40 a.m. Powell faced a number of questions about a tit-for-tat trade war with penalty tariffs imposed by the United States on its trading partners and...
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Brazil soccer fans react after their team lost 2-1 to Belgium in a World Cup quarter final soccer match in Rio de Janeiro, Brazil, Friday, July 6, 2018. Belgium knocked Brazil out of the World Cup and advanced to the semi-finals. (AP Photo/Silvia Izquierdo)
July 06, 2018 - 7:12 pm
RIO DE JANEIRO (AP) — Brazilian fans hugged, teared up and hung their heads Friday after their national team was knocked out of the World Cup by Belgium. The stinging 2-1 defeat came just as the Selecao, as the team is known, had begun to gather steam, and Brazilians dared to hope that a victory...
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FILE - In this Nov. 14, 2017 file photo, Puerto Rico Gov. Ricardo Rossello, left, speaks during a Senate Committee on Energy and Natural Resources hearing on hurricane recovery, on Capitol Hill in Washington. Puerto Rico's governor said in a statement Thursday, July 5, 2018 he will sue a federal control board to resolve budget differences as the U.S. territory battles an 11-year recession. (AP Photo/Jacquelyn Martin, File)
July 05, 2018 - 2:14 pm
SAN JUAN, Puerto Rico (AP) — Puerto Rico's government sued a federal control board on Thursday to resolve a disagreement over two competing budgets that aim to pull the U.S. territory out of an 11-year recession. Gov. Ricardo Rossello said he is seeking an injunction to stop the board from imposing...
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In this photo taken on Friday, June 29, 2018, tourists and soccer fans walk in the State Shop, GUM, decorated with giant soccer balls during the 2018 soccer World Cup in Moscow, Russia. The World Cup is sending business surging across the 11 Russian cities hosting soccer’s biggest show. Bars, taxi services, dumpling sellers and nesting doll vendors are among those benefiting. The Russian president was counting on just such a boost after U.S. and European sanctions and low oil prices sank the country into recession. But experts warn the boon won’t last long without deeper economic reforms. (AP Photo/Alexander Zemlianichenko)
June 30, 2018 - 7:25 am
MOSCOW (AP) — Moscow's beer kegs are emptying fast and demand for Vladimir Putin T-shirts is overwhelming St. Petersburg street vendors as the World Cup sends business surging across the 11 Russian cities hosting soccer's biggest show. The Russian president was counting on just such a boost after U...
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June 29, 2018 - 11:40 am
SAN JUAN, Puerto Rico (AP) — New austerity measures are looming for storm-battered Puerto Rico after local legislators refused to alter labor laws as demanded by a federal control board that said changes would stimulate the U.S. territory's economy amid an 11-year recession. The board that is...
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