Recessions and depressions

FILE- In this Feb. 5, 2018, file photo, Jerome Powell arrives to take the oath of office as Federal Reserve Board chair at the Federal Reserve in Washington. On Friday, Feb. 23, the Federal Reserve will issue its semi-annual monetary report to Congress, which its new chairman, Powell, will testify about on Capitol Hill next week. (AP Photo/Andrew Harnik, File)
February 23, 2018 - 6:31 pm
WASHINGTON (AP) — The Federal Reserve says it expects that the ongoing strength of the U.S. economy will warrant gradual increases in interest rates this year, delivering the same steady-as-it-goes message under new leader Jerome Powell as it had provided under Janet Yellen. The Fed's projection on...
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A man walks by an electronic stock board of a securities firm in Tokyo, Friday, Feb. 9, 2018. Asian shares have opened lower and are tracking the overnight plunge on Wall Street. The Dow Jones industrial average plunged more than 1,000 points as a weeklong market swoon continued. (AP Photo/Koji Sasahara)
February 09, 2018 - 12:55 am
BEIJING (AP) — Asian stocks plunged Friday after Dow Jones industrials on Wall Street plummeted more than 1,000 points, deepening a week-long sell-off. Asian markets followed U.S. stocks down after the Dow, coming off a record high, entered a correction — or a 10 percent decline from its latest...
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In this Tuesday, Jan. 30, 2018, photo, Grace Ochoa, of Performance Food Service, right, talks with a job applicant at a JobNewsUSA job fair in Miami Lakes, Fla. On Friday, Feb. 2, the U.S. government issues the January jobs report. (AP Photo/Lynne Sladky)
February 02, 2018 - 5:04 pm
WASHINGTON (AP) — Pay raises, the U.S. economy's Achilles' heel in its long recovery from the Great Recession, finally showed signs of accelerating last month — a trend that fanned inflation fears and sent bond yields rising and stocks sinking. Wages grew in January from a year ago at the fastest...
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FILE - In this Dec. 13, 2017 file photo, Federal Reserve Chair Janet Yellen speaks during a news conference following the Federal Open Market Committee meeting in Washington. When Yellen leaves the Federal Reserve this weekend after four years as chair, her legacy will include being the first woman to have led the world's most powerful central bank. She will be remembered, too, for her achievements in deftly steering the Fed’s role in the U.S. economy’s rebound from a crushing financial crisis and recession. (AP Photo/Carolyn Kaster, File)
February 01, 2018 - 3:40 am
WASHINGTON (AP) — When Janet Yellen leaves the Federal Reserve this weekend after four years as chair, her legacy will include having shattered a social barrier: She is the first woman to have led the world's most powerful central bank, a position that carries enormous sway over the global economy...
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File - In this April 4, 2017, file photo, the fountains of Bellagio erupt along the Las Vegas Strip in Las Vegas. The union representing hotel workers in Las Vegas will ask casino-resort operators to give every housekeeper a 'panic button' as part of their new contracts. Leaders of the Culinary Union will bring the request to the bargaining table next month on behalf of 14,000 housekeepers who work on the Las Vegas Strip and the destination's downtown area. The push comes amid the #MeToo movement against sexual assault and harassment and is in line with ordinances recently approved in other cities. (AP Photo/John Locher, File)
January 24, 2018 - 4:20 pm
LAS VEGAS (AP) — The union representing tens of thousands of hotel workers in Las Vegas will ask casino-resort operators to give every housekeeper a "panic button" as it begins negotiating new contracts amid the #MeToo movement against sexual misconduct. Leaders of the Culinary Union will bring the...
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January 11, 2018 - 8:39 am
FRANKFURT, Germany (AP) — Top officials at the European Central Bank may revise their outlook for their massive monetary stimulus program at the start of this year, according to an account of their last meeting. The report published Thursday showed the officials remained wary at their Dec. 14...
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FILE - In this Monday, Dec. 18, 2017 file photo, outgoing ANC president and South African President Jacob Zuma, looks on at the elective conference in Johannesburg. South Africa’s president says he is appointing a commission of inquiry to look into corruption allegations that have led to calls for his ouster and weakened the ruling party. President Jacob Zuma’s statement on Tuesday, Jan. 9 2018 says “this matter cannot wait any longer” and that any further delay will make the public doubt the government’s revolve to fight graft. (AP Photo/Themba Hadebe, File)
January 09, 2018 - 2:49 pm
JOHANNESBURG (AP) — South Africa's president said Tuesday he is appointing a commission of inquiry to look into corruption allegations that have led to calls for his ouster and weakened the ruling party, declaring "this matter cannot wait any longer." President Jacob Zuma's statement, issued on the...
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Metalworkers demonstrate in Schweinfurt, southern Germany, Tuesday, Jan. 9, 2018. Germany’s largest industrial union pressed its demands for pay rises and the possibility for reduced work hours for its 3.9 million members with renewed short-term strikes Tuesday, saying the economy’s steady growth justifies better compensation and conditions. (Timm Schamberger/dpa via AP)
January 09, 2018 - 6:57 am
LONDON (AP) — Unemployment across the 19-country eurozone fell in November to its lowest level in nearly nine years, official figures showed Tuesday, in the latest sign that the currency bloc's economy headed into the new year in robust shape. Eurostat, the European Union's statistics agency, said...
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FILE - This Tuesday, Oct. 25, 2016, file photo shows the New York Stock Exchange in Lower Manhattan. Another month of strong hiring in the U.S. and improved manufacturing in Europe have stocks climbing early Thursday, Jan. 4, 2018, as the Dow Jones industrial average trades above 25,000 points for the first time. (AP Photo/Mary Altaffer, File)
January 04, 2018 - 3:58 pm
NEW YORK (AP) — The Dow Jones industrial average burst through the 25,000 point mark Thursday, just five weeks after its first close above 24,000. The Dow broke past 1,000-point barriers in 2017 on its way to a 25 percent gain for the year, as an eight-year rally since the Great Recession continued...
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Anita Lee, far left, and her daughters, Brianna, middle, and Tania attend a service celebrating the life of Mayor Ed Lee at San Francisco City Hall in San Francisco, Sunday, Dec. 17, 2017. San Francisco Mayor Ed Lee was remembered for his humility, integrity and infectious smile during a public celebration of his life Sunday at City Hall attended by family members, former staff, politicians and residents. (Scott Strazzante/San Francisco Chronicle via AP, Pool)
December 17, 2017 - 8:09 pm
SAN FRANCISCO (AP) — San Francisco Mayor Ed Lee was remembered Sunday for his humility, integrity and infectious smile during a public celebration of his life at City Hall, attended by family members, former staff, politicians and residents. Lee, who died last week at age 65, had a love of life and...
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