Recessions and depressions

FILE - In this May 11, 2008 file photo, former President George H.W. Bush arrives on the South Lawn of White House in Washington. Bush died at the age of 94 on Friday, Nov. 30, 2018, about eight months after the death of his wife, Barbara Bush. (AP Photo/Lawrence Jackson, File)
December 01, 2018 - 9:02 am
HOUSTON (AP) — George H.W. Bush, a patrician New Englander whose presidency soared with the coalition victory over Iraq in Kuwait, but then plummeted in the throes of a weak economy that led voters to turn him out of office after a single term, has died. He was 94. The World War II hero, who also...
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FILE - In this June 12, 2012 file photo, former President George H.W. Bush, and his wife, former first lady Barbara Bush, arrive for the premiere of HBO's new documentary on his life near the family compound in Kennebunkport, Maine. Bush has died at age 94. Family spokesman Jim McGrath says Bush died shortly after 10 p.m. Friday, Nov. 30, 2018, about eight months after the death of his wife, Barbara Bush. (AP Photo/Charles Krupa, File)
December 01, 2018 - 6:02 am
WASHINGTON (AP) — George Bush was a man with a matchless resume — combat pilot, diplomat, vice president, then president of the United States — but great communicator was not on the list. That was Ronald Reagan. "Fluency in English is not something I'm often accused of," he once said, demonstrating...
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Prime Minister Theresa May gives evidence before the Liaison Committee on matters relating to Brexit at Portcullis House in London, Thursday, Nov. 29, 2018. The governor of the Bank of England Mark Carney says most British businesses aren't ready for a no-deal departure from the European Union as lawmakers from all parties are criticising the agreement Prime Minister May negotiated with the EU, increasing the likelihood of a no-deal Brexit. (PA via AP)
November 29, 2018 - 4:41 am
LONDON (AP) — British Prime Minister Theresa May refused Thursday to rule out Britain leaving the European Union without a deal, after the Bank of England warned that such a scenario could plunge the country into its deepest recession in decades. Parliament is due to vote Dec. 11 on the divorce...
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Federal Reserve Board Chairman Jerome Powell speaks at the Economic Club of New York, Wednesday, Nov. 28, 2018, in New York. (AP Photo/Mark Lennihan)
November 28, 2018 - 1:13 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening. Powell's comments ignited a rally on Wall...
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Governor of the Bank of England Mark Carney hosts a Financial Stability Report press conference at the Bank of England in central London, Wednesday Nov. 28, 2018. (Daniel Leal-Olivas / Pool via AP)
November 28, 2018 - 12:10 pm
LONDON (AP) — Leaving the European Union without a divorce deal could plunge Britain into its deepest recession in nearly a century, with the economy shrinking 8 percent within months as unemployment and inflation soar, the Bank of England warned Wednesday. The stark projection came the same day...
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FILE- In this July 27, 2011, file photo, assembly worker Julaynne Trusel works on a Chevrolet Volt at the General Motors Hamtramck Assembly plant in Hamtramck, Mich. GM announced Monday, Nov. 26, 2018, that it will lay off thousands of factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles. Among the possibilities are the Detroit/Hamtramck assembly plant, which makes the Buick LaCrosse, the Chevrolet Impala and Volt, and the Cadillac CT6, all slow-selling cars. (AP Photo/Paul Sancya, File)
November 26, 2018 - 4:07 pm
DETROIT (AP) — General Motors will cut up to 14,000 workers in North America and put five plants up for possible closure as it abandons many of its car models and restructures to focus more on autonomous and electric vehicles, the automaker announced Monday. The reductions could amount to as much...
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Passers-by are reflected in an artwork based on the European Union flag, with one star missing, in the European Commissions headquarters in Brussels, Monday, Nov. 12, 2018. Britain's European Union partners on Monday ratcheted up political pressure on Prime Minister Theresa May amid signs that some progress is being made in Brexit negotiations. (AP Photo/Francisco Seco)
November 13, 2018 - 6:56 am
LONDON (AP) — Brexit is already having an impact on Britain's labor market, with the number of people from the European Union working in the country falling by a record amount. The Office for National Statistics said Tuesday the number of EU nationals working in Britain fell by 132,000 in the three...
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A supporter of Jair Bolsonaro salutes during a celebration in front of his residence after he was declared the winner of the election runoff, in Rio de Janeiro, Brazil, Sunday, Oct. 28, 2018 . Bolsonaro, a brash far-right congressman who has waxed nostalgic for Brazil's old military dictatorship, won the presidency of Latin America's largest nation Sunday as voters looked past warnings that the former army captain would erode democracy and embraced a chance for radical change after years of turmoil. (AP Photo/Leo Correa)
October 29, 2018 - 5:33 am
SAO PAULO (AP) — In some of his first words to the nation as president-elect, far-right politician Jair Bolsonaro promised to defend the constitution and unite a bitterly divided populace. His left-wing rival immediately vowed to mount a vigorous opposition, while rights groups warned against a...
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Workers' Party presidential candidate Fernando Haddad holds a Brazilian flag after casting his vote in the presidential runoff election in Sao Paulo, Brazil, Sunday, Oct. 28, 2018. Brazilian voters decide Sunday who will next lead the world's fifth-largest country, the left-leaning Haddad or far-right rival Jair Bolsonaro. (AP Photo/Nelson Antoine)
October 28, 2018 - 9:19 am
SAO PAULO (AP) — A desire for radical change among many Brazilians after years of turmoil has fueled the rise of a far-right former army captain who supporters say will fight crime and corruption if elected president Sunday but who opponents warn threatens one of the world's largest democracies...
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President Donald Trump speaks to the members of the media before leaving the White House in Washington, Friday, Oct. 26, 2018, to attend a campaign rally in Charlotte, N.C. (AP Photo/Manuel Balce Ceneta)
October 26, 2018 - 5:16 pm
WASHINGTON (AP) — The Latest on pipe bombs sent to prominent critics of President Donald Trump (all times local): 6 p.m. Former Vice President Joe Biden says the United States has to come together, voicing concern with the partisan division and hatred he sees. A target of the mail-bomb scare, Biden...
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