Recessions and depressions

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Aug. 27, 2019. Asian shares mostly rose Tuesday as investors found reason to be cautiously optimistic again about the potential for progress in the costly trade war between the U.S. and China. (AP Photo/Eugene Hoshiko)
August 27, 2019 - 7:45 am
TOKYO (AP) — Global shares were mixed Tuesday as investors seemed slightly more hopeful again about the potential for progress in the costly trade war between the U.S. and China. Wall Street was set to open with modest gains after gains on Monday, which was prompted by President Donald Trump's...
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The sun rises next to the European Central Bank at the river Main in Frankfurt, Germany, early Thursday, Aug. 22, 2019. (AP Photo/Michael Probst)
August 26, 2019 - 5:42 am
BERLIN (AP) — German business confidence has fallen for a fifth consecutive month and hit a nearly seven-year low, a closely watched survey found Monday — adding to mounting worries that Europe's biggest economy is headed for a recession. The Ifo institute said its monthly confidence index declined...
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Canadian Prime Minister Justin Trudeau, second from left, German Chancellor Angela Merkel, left, President of France Emmanuel Macron, second from right, and British Prime Minister Boris Johnson take part in a working session with G7 leaders on the second day of the G-7 summit in Biarritz, France Sunday, Aug. 25, 2019. (Sean Kilpatrick/The Canadian Press via AP)
August 25, 2019 - 1:30 pm
BIARRITZ, France (AP) — A top Iranian official paid an unannounced visit Sunday to the G-7 summit and headed straight to the buildings where leaders of the world's major democracies have been debating how to handle the country's nuclear ambitions. France's surprise invitation of Iranian Foreign...
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FILE -- In this Friday, July 6, 2018 photo Jens Weidmann, president of the Deutsche Bundesbank, talks as he visits a cabinet meeting at the chancellery in Berlin, Germany. The head of Germany’s central bank is warning against taking an overly pessimistic view of the economic outlook, days after the bank cautioned that the country’s economy, Europe’s biggest, could enter a recession in the current quarter. (AP Photo/Michael Sohn, file)
August 25, 2019 - 5:30 am
BERLIN (AP) — The head of Germany's central bank is warning against taking an overly pessimistic view of the economy, days after the bank cautioned that Europe's biggest economy could enter a recession in the current quarter. The German economy contracted by 0.1% in the April-June period and the...
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Protestors throw a road sign at a police barricade in Bayonne, France, Saturday, Aug. 24, 2019. World leaders and protesters are converging on the southern French resort town of Biarritz for the G-7 summit. President Donald Trump will join host French President Emmanuel Macron and the leaders of Britain, Germany, Japan, Canada and Italy for the annual summit in the nearby resort town of Biarritz. (AP Photo/Emilio Morenatti)
August 25, 2019 - 1:05 am
BIARRITZ, France (AP) — The Latest on the Group of Seven summit (all times local): 11:05 p.m. French authorities have detained 68 people taking part in a tense protest near the G-7 summit. The regional administration says those detained are accused of throwing projectiles, concealing their faces or...
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Democratic presidential candidate Elizabeth Warren, D-Mass speaks during a town hall campaign event in Los Angeles, Wednesday, Aug. 21, 2019. (AP Photo/Chris Carlson)
August 22, 2019 - 5:31 pm
PROLE, Iowa (AP) — Campaigning under the stifling August sun, Joe Biden assailed President Donald Trump's trade war with China, accusing him of squandering a strong economy and putting Americans' financial security at risk. But he was quick to add that he was not hoping for the worst. "I never wish...
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President Donald Trump waves to the crowd after arriving on Air Force One at Louisville International Airport in Louisville, Ky., Wednesday, Aug. 21, 2019. Trump is in town to speak at the American Veterans (AMVETS) 75th National Convention. A new poll finds about 6 in 10 Americans disapprove of President Donald Trump’s overall job performance. The poll released Thursday by The Associated Press-NORC Center for Public Affairs Research finds some support for the president’s handling of the U.S. economy, but it gives him weak marks on other major issues. Just 36% of Americans approve of the way Trump is handling his job as president, and 62% disapprove. Among Republicans, nearly 8 in 10 approve of his overall job performance. (AP Photo/Susan Walsh)
August 22, 2019 - 10:57 am
NEW YORK (AP) — About 6 in 10 Americans disapprove of President Donald Trump's overall job performance, according to a new poll released Thursday by The Associated Press-NORC Center for Public Affairs Research, which finds some support for the president's handling of the U.S. economy but gives him...
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The sun rises next to the European Central Bank at the river Main in Frankfurt, Germany, early Thursday, Aug. 22, 2019. (AP Photo/Michael Probst)
August 22, 2019 - 9:48 am
FRANKFURT, Germany (AP) — The European Central Bank is weighing a broad package of stimulus measures including an interest rate cut and new bond purchases to counter worries that economic growth is slowing more than expected amid U.S.-China trade tensions. The written account of the July 25 policy...
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President Donald Trump speaks with reporters before departing on Marine One on the South Lawn of the White House, Wednesday, Aug. 21, 2019, in Washington. Trump is headed to Kentucky. (AP Photo/Alex Brandon)
Bob Rose
August 22, 2019 - 6:11 am
WASHINGTON (AP) — A day after considering cutting taxes to promote economic growth, President Donald Trump on Wednesday changed course and said he would abandon the idea because the nation already had "a strong economy." Trump's flip-flop came after recent market volatility and economic uncertainty...
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German Chancellor Angela Merkel, right, and German Finance Minister Olaf Scholz, left, talk as they arrive for the weekly cabinet meeting at the Chancellery in Berlin, Germany, Wednesday, Aug. 21, 2019. The German government sold 30-year bonds at a negative interest rate Wednesday Aug. 21, 2019, in a sign of the clouds over markets and future growth as well as increased expectations that more central bank stimulus is likely on the way.(AP Photo/Michael Sohn)
August 21, 2019 - 3:41 pm
FRANKFURT, Germany (AP) — Imagine lending money to someone and having to pay for the privilege of doing so. Or being asked to invest and informed of how much money you'll lose. Sounds absurd, but increasingly that's the global bond market these days. A rising share of government and corporate bonds...
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