Recessions and depressions

FILE - In this June 16, 2020, file photo, a lone visitor enjoys the swing ride at the Yomiuriland amusement park in Tokyo,. Japan’s economy is opening cautiously, with social-distancing restrictions amid the coronavirus pandemic. (AP Photo/Eugene Hoshiko, File)
June 19, 2020 - 6:59 am
TOKYO (AP) — The roller coasters are back running in Tokyo but with requests to not scream. Restaurants are offering more take-out and outdoor seating. Major retailer Uniqlo’s new “cool and dry” mask, three for 990 yen ($9), sold out Friday shortly after it was put on the shelves. Japan’s economy...
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Builders work on ascaffolding in London, Wednesday, June 17, 2020. After the easing of lockdown during the COVID-19 pandemic, most construction companies have restarted their business but official figures show that the British economy shrank by a colossal 20.4% in April, the first full month that the country was in its lockdown. (AP Photo/Frank Augstein)
June 18, 2020 - 12:55 pm
LONDON (AP) — The Bank of England unveiled another big stimulus package for the U.K. economy as it tries to limit the scale of the coronavirus recession, which it now believes will be “less severe” than it feared last month. In a statement Thursday, the bank’s policy making panel said it was...
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FILE - In this June 4, 2020, file photo, a customer walks out of a U.S. Post Office branch and under a banner advertising a job opening, in Seattle. The U.S. government will issue its latest snapshot Thursday, June 18, of the layoffs that have left millions unemployed but have slowed as businesses have increasingly reopened and rehired some of their laid-off workers. (AP Photo/Elaine Thompson, File)
June 18, 2020 - 6:07 am
WASHINGTON (AP) — The U.S. government will issue its latest snapshot Thursday of the layoffs that have left millions unemployed but have slowed as businesses have increasingly reopened and rehired some of their laid-off workers. The pace of job cuts has steadily declined in the three months since...
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An electronic stock board showing Japan's Nikkei 225 index at a securities firm is seen at a street in Tokyo Wednesday, June 17, 2020. Major Asian stock markets declined Wednesday after Wall Street gained on hopes for a global economic recovery and Japan's exports sank. (AP Photo/Eugene Hoshiko)
June 17, 2020 - 11:08 pm
BANGKOK (AP) — Shares fell Thursday in Asia after another day of wobbly trading on Wall Street as markets eased off the accelerator following their big rally. Japan's Nikkei 225 shed 0.3% to 22,394.45 and the Hang Seng in Hong Kong also fell 0.3%, to 24,407.59. South Korea's Kospi slipped 0.2% to 2...
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FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve says it will keep buying bonds, Wednesday, June 10, to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed’s policymakers foresee no rate hike through 2022. .(AP Photo/Jacquelyn Martin, File)
June 17, 2020 - 1:12 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell stressed Tuesday that the federal government's role in strengthening the U.S. market in the face of a recession is vital in preventing a worsening of economic inequality. Powell said the the Fed would continue to deploy all its financial...
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People walk on Oxford Street, in London, Wednesday June 17, 2020, as further coronavirus lockdown restrictions are lifted in England. (Dominic Lipinski/PA via AP)
June 17, 2020 - 8:02 am
LONDON (AP) — Inflation in the U.K. fell to its lowest level in four years in May following a big coronavirus-related drop in prices at the pump, official figures showed Wednesday in a development that's bolstered expectations of another sizeable stimulus from the Bank of England. The Office for...
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In this Tuesday, June 16, 2020, photo, a pedestrian walks past the headquarters for United Way of King County, in downtown Seattle. A recession is expected to curtail Americans’ generosity following a record year for charitable donations. But the recent wave of money dedicated to fighting the coronavirus and racial inequality in the U.S. is offering a beacon of hope for nonprofits in 2020. United Way, a nonprofit that relies heavily on middle-class donors, said it has raised $900 million worldwide since mid-March. (AP Photo/Ted S. Warren)
June 17, 2020 - 12:14 am
SEATTLE (AP) — A recession is expected to curtail Americans' generosity following a record year for charitable donations, but the recent wave of money dedicated to fighting the coronavirus and racial inequality in the U.S. is offering a beacon of hope for nonprofits in 2020. The Giving USA report,...
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FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve says it will keep buying bonds, Wednesday, June 10, to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed’s policymakers foresee no rate hike through 2022. .(AP Photo/Jacquelyn Martin, File)
June 16, 2020 - 1:39 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell warned Tuesday that the U.S. economy faces a deep downturn with “significant uncertainty” about the timing and strength of a recovery. He cautioned that the longer the recession lasts, the worse the damage that would be inflicted on the job...
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FILE - In this May 7, 2020 file photo a woman sitting on a stoop reading a book in the sun is seen reflected by a closed clothing store's window on West Broadway in the SoHo neighborhood of the Manhattan borough in New York. U.S. retail sales likely recovered somewhat in May as the economy increasingly reopened from closures caused by the coronavirus and more shoppers felt confident enough to spend. The Commerce Department is expected to report Tuesday, June 16, 2020 that retail purchases climbed 9% from April to May, according to economists surveyed by the data provider FactSet. (AP Photo/Mary Altaffer, file)
KNSS News
June 16, 2020 - 10:16 am
BALTIMORE (AP) — U.S. retail sales jumped by a record 17.7% from April to May, with spending partially rebounding after the coronavirus had shut down businesses, flattened the economy and paralyzed consumers during the previous two months. The government’s report Tuesday showed that retail sales...
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People walk with bags after shopping at the Selfridges department store in London, Monday, June 15, 2020. After three months of being closed under coronavirus restrictions, shops selling fashion, toys and other non-essential goods are being allowed to reopen across England for the first time since the country went into lockdown in March.(AP Photo/Matt Dunham)
June 16, 2020 - 6:30 am
LONDON (AP) — Unemployment in the U.K. is widely expected to hit levels not seen since the mid-1980s over the coming months as a result of the coronavirus-induced recession. Though the number of people officially labelled as unemployed held steady in April, the first full month after lockdown,...
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