Recessions and depressions

Cars are parked to be exported at Yokohama port, near Tokyo on Sept. 29, 2020. The drop in Japanese exports diminished last month, according to government data released Monday, Oct. 10, 2020, underlining how the blunt of the trade damage from the coronavirus pandemic may be gradually easing. (AP Photo/Koji Sasahara)
October 19, 2020 - 2:12 am
TOKYO (AP) — Japan's exports fell at a slower pace in September in a sign that trade damage from the coronavirus pandemic is easing, according to Finance Ministry data released Monday. The report showed Japan’s exports in September declined 4.9%, better than the nearly 15% drop in August. The...
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FILE - In this Friday, Oct. 9, 2020 file photo, a waiter wearing a face mask to prevent the spread of coronavirus sweeps the terrace of a bar in downtown Madrid, Spain. Europe’s economy was just catching its breath from what had been the sharpest recession in modern history. A resurgence in coronavirus cases in October 2020 risks undoing that and will likely turn what was meant to be a period of healing for the economy into a lean winter of job losses and bankruptcies. (AP Photo/Manu Fernandez, File)
October 17, 2020 - 2:05 am
LONDON (AP) — Europe’s economy was just catching its breath from what had been the sharpest recession in modern history. A resurgence in coronavirus cases this month is a bitter blow that will likely turn what was meant to be a period of healing for the economy into a lean winter of job losses and...
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FILE - In this Wednesday, Oct. 14, 2020 file photo, the American Flag hangs outside the New York Stock Exchange in New York. Stocks are opening higher on Wall Street, putting the market on track to end a choppy week of trading slightly higher. If the gains hold, the S&P 500 would mark its third straight weekly gain. In the first few minutes of trading Friday, Oct. 16 the benchmark index was up 0.4%. (AP Photo/Frank Franklin II)
October 16, 2020 - 3:57 pm
Wall Street closed out a choppy week of trading with more of the same Friday, as a late-afternoon stumble led U.S. stock indexes to a mixed finish. The S&P 500 ended the day just a fraction of a point higher after a burst of selling erased a 0.9% gain. Despite a three-day stretch of losses, the...
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October 16, 2020 - 9:00 am
WASHINGTON (AP) — U.S. industrial production fell 0.6% in September, the weakest showing since spring and a sign that the economy’s recovery from the pandemic recession may be faltering just as confirmed viral infections are resurging in much of the country. The Federal Reserve reported Friday that...
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FILE — In this Thursday, June 20, 2019 file photo, South African President Cyril Ramaphosa delivers his State of the Nation Address in parliament in Cape Town, South Africa. Ramaphosa announced Thursday, Oct. 15, 2020 that his government will be extending relief measures to the country's poor who have been hurt by the economic downturn caused by COVID-19. (Rodger Bosch/Pool Photo via AP, FILE)
October 15, 2020 - 11:31 am
JOHANNESBURG (AP) — South African President Cyril Ramaphosa announced Thursday that his government will extend relief grants to 6 million of the country’s unemployed who have been hurt by the economic downturn caused by the COVID-19 outbreak. Ramaphosa, delivering an economic recovery plan to...
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FILE - In this Wednesday, Sept. 2, 2020, file photo, passers-by walk past a business storefront with store closing and sale signs in Dedham, Mass. U.S. employers advertised for slightly fewer jobs in August while their hiring ticked up modestly. The Labor Department said Tuesday, Oct. 6, 2020, that the number of U.S. job postings on the last day of August dipped to 6.49 million, down from 6.70 million July. (AP Photo/Steven Senne, File)
October 15, 2020 - 7:37 am
WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose last week to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession that erupted seven months ago. Thursday’s report from the Labor Department...
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October 13, 2020 - 10:50 pm
ALBUQUERQUE, N.M. (AP) — A new film examines the history of African Americans driving on the road from the Great Depression to the height of the Civil Rights movement. “Driving While Black,” airing this week on most PBS stations in the U.S., show how the automobile liberated African Americans to...
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FILE - This combination of Sept. 29, 2020, file photos shows President Donald Trump, left, and former Vice President Joe Biden during the first presidential debate at Case Western University and Cleveland Clinic, in Cleveland, Ohio. Amid the tumult of the 2020 presidential campaign, one dynamic has remained constant: The Nov. 3 election offers voters a choice between substantially different policy paths. (AP Photo/Patrick Semansky, File)
October 12, 2020 - 1:47 pm
WASHINGTON (AP) — Amid the tumult of the 2020 presidential campaign, one dynamic has remained constant: The Nov. 3 election offers voters a choice between substantially different policy paths. President Donald Trump, like many fellow Republicans, holds out tax reductions and regulatory cuts as...
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FILE - In this Monday, March 16, 2020 file photo, a German police officer checks authorization for a woman to enter Germany at the German-France border in Kehl, Germany. European Union countries are set to adopt a common traffic light system to coordinate traveling across the 27-nation bloc, but a return to a full freedom of movement in the midst of the COVID-19 pandemic remains far from reach. (AP Photo/Jean-Francois Badias, File)
October 12, 2020 - 7:44 am
BRUSSELS (AP) — European Union countries are getting ready to adopt a common traffic light system to coordinate traveling across the 27-nation bloc, but a return to a full freedom of movement in the midst of the COVID-19 pandemic remains far from reach. In addition to causing the deaths of at least...
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Democratic presidential candidate former Vice President Joe Biden speaks at Gettysburg National Military Park in Gettysburg, Pa., Tuesday, Oct. 6, 2020. (AP Photo/Andrew Harnik)
October 11, 2020 - 12:03 pm
GETTYSBURG, Pa. (AP) — Presidential hopefuls tend to declare every upcoming election the most important one that voters have faced in their lifetime. Joe Biden goes bigger. The Democratic nominee portrays 2020 as an entanglement of social, economic, political, environmental and public health crises...
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