Recessions and depressions

FILE- In this Wednesday, June 8, 2011 file photo, sun sets behind an oil pump in the desert oil fields of Sakhir, Bahrain. The global benchmark for crude oil rose above $70 a barrel on Monday, Jan. 6, 2020 for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States. (AP Photo/Hasan Jamali, File)
January 06, 2020 - 2:50 pm
PROVIDENCE, Rhode Island (AP) — The global benchmark for crude oil rose above $70 a barrel on Monday for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States. The Brent contract for oil touched a high of $70.74 a barrel,...
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FILE- In this Wednesday, June 8, 2011 file photo, sun sets behind an oil pump in the desert oil fields of Sakhir, Bahrain. The global benchmark for crude oil rose above $70 a barrel on Monday, Jan. 6, 2020 for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States. (AP Photo/Hasan Jamali, File)
January 06, 2020 - 2:46 pm
PROVIDENCE, Rhode Island (AP) — The global benchmark for crude oil rose above $70 a barrel on Monday for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States. The Brent contract for oil touched a high of $70.74 a barrel,...
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FILE - In this Dec. 11, 2019, file photo Federal Reserve Chair Jerome Powell arrives to speak at a news conference after the Federal Open Market Committee meeting in Washington. On Thursday, Jan. 2, 2020, the Federal Reserve releases minutes from its December meeting when it kept its key interest rate unchanged. (AP Photo/Jacquelyn Martin, File)
January 03, 2020 - 2:55 pm
WASHINGTON (AP) — The Federal Reserve’s policymaking committee saw much less risk of recession at its meeting last month, when it kept interest rates steady after three straight cuts and signaled that it expected to keep low rates unchanged through this year. Minutes of the December meeting,...
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FILE - In this Dec. 11, 2019, file photo Federal Reserve Chair Jerome Powell arrives to speak at a news conference after the Federal Open Market Committee meeting in Washington. On Thursday, Jan. 2, 2020, the Federal Reserve releases minutes from its December meeting when it kept its key interest rate unchanged. (AP Photo/Jacquelyn Martin, File)
January 03, 2020 - 2:28 pm
WASHINGTON (AP) — The Federal Reserve’s policymaking committee saw much less risk of recession at its meeting last month, when it kept interest rates steady after three straight cuts and signaled that it expected to keep low rates unchanged through this year. Minutes of the December meeting,...
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January 03, 2020 - 2:05 pm
WASHINGTON (AP) — The Federal Reserve’s policymaking committee saw much less risk of recession at its most recent meeting last month, when it kept interest rates steady after three straight cuts and signaled that it expected to keep low rates unchanged through this year. Minutes of the December...
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FILE - In this March 27, 2019, file photo people work on the Boeing 737 MAX 8 assembly line during a brief media tour in Boeing's 737 assembly facility in Renton, Wash. On Friday, Jan 3, 2020, the Institute for Supply Management, an association of purchasing managers, reports on activity by U.S. manufacturers in December. (AP Photo/Ted S. Warren, File)
January 03, 2020 - 10:49 am
WASHINGTON (AP) — U.S. manufacturing activity fell to the lowest level in more than a decade, as the sector was hurt by weakening demand and last year's global economic slowdown. The Institute for Supply Management, an association of purchasing managers, said Friday that its manufacturing index...
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FILE - In this March 27, 2019, file photo people work on the Boeing 737 MAX 8 assembly line during a brief media tour in Boeing's 737 assembly facility in Renton, Wash. On Friday, Jan 3, 2020, the Institute for Supply Management, an association of purchasing managers, reports on activity by U.S. manufacturers in December. (AP Photo/Ted S. Warren, File)
January 03, 2020 - 10:33 am
WASHINGTON (AP) — U.S. manufacturing activity fell to the lowest level in more than a decade, as the sector was hurt by weakening demand and last year's global economic slowdown. The Institute for Supply Management, an association of purchasing managers, said Friday that its manufacturing index...
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The sun rises over the buildings of the banking district in Frankfurt, Germany, on a misty Wednesday, Jan. 1, 2020. (AP Photo/Michael Probst)
January 03, 2020 - 4:33 am
BERLIN (AP) — Germany's unemployment rate ticked up to 4.9% in December as the labor market in Europe's biggest economy showed some signs of economic weakness, though it remained generally robust. The Federal Labor Agency said Friday that the unadjusted jobless rate, the headline figure in Germany...
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FILE - In this Sept. 18, 2019, file photo, stock prices are displayed at the New York Stock Exchange. Funds of all types made money through 2019, from risky ones full of stocks from developing economies to stodgy funds holding only super-safe Treasury bonds. (AP Photo/Mark Lennihan, File)
January 02, 2020 - 1:00 pm
NEW YORK (AP) — Break out the Spice Girls CDs. That was one of the best years in decades for funds. Funds of all types made money through 2019, from risky ones full of stocks from developing economies to stodgy funds holding only super-safe Treasury bonds. Someone who came into 2019 with their...
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FILE - In this Aug. 7, 2019, file photo, Rep. Elijah Cummings, D-Md., speaks during a luncheon at the National Press Club in Washington. Cummings died from complications of longtime health challenges, his office said in a statement on Oct. 17, 2019. (AP Photo/Patrick Semansky, File)
December 31, 2019 - 8:43 pm
A lauded writer who brought to light stories overshadowed by prejudice. An actress and singer who helped embody the manufactured innocence of the 1950s. A self-made billionaire who rose from a childhood of Depression-era poverty and twice ran for president. This year saw the deaths of people who...
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