Recessions and depressions

FILE - In this Monday, March 27, 2017 file photo, Richard Branson, founder of Virgin Atlantic and the Virgin Group, smiles at Seattle-Tacoma International Airport in Seattle. Branson has warned that a no-deal Brexit will force the company to invest less in Britain because of pressures on the pound. Branson has told the BBC on Thursday, July 11, 2019 that if the U.K. leaves the European Union without a deal, it will force his company to shift investment because its costs are in dollars. (AP Photo/Ted S. Warren, file)
July 11, 2019 - 9:34 am
LONDON (AP) — Virgin Group founder Richard Branson has warned that the pound's value would fall to that of the dollar if Britain leaves the European Union without a deal — a stark prediction that will fuel worries about the economic pressures facing the country. Traders see the possibility of a 'no...
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In this undated 1992 photo, businessman and U.S. presidential candidate H. Ross Perot, of Texas, waves. Perot, the Texas billionaire who twice ran for president, has died, a family spokesperson said Tuesday, July 9, 2019. He was 89. (AP Photo/File)
July 09, 2019 - 2:01 pm
DALLAS (AP) — H. Ross Perot, the colorful, self-made Texas billionaire who rose from a childhood of Depression-era poverty and twice mounted outsider campaigns for president, has died. He was 89. The cause of death was leukemia, a family spokesman said Tuesday. Perot, whose 19% of the vote in 1992...
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In this June 18, 2019, photo a man pulls a grocery cart as he walks in the rain past the stock ticker scroll board, showing a strong daily gain in the Dow Jones, outside Fidelity Investments in the Financial District of Boston. According to a survey by The Associated Press-NORC Center for Public Affairs Research, Americans are generally satisfied with their personal finances, but many lack confidence in their ability to afford retirement, an emergency expense or even their daily living costs (AP Photo/Charles Krupa)
July 09, 2019 - 7:28 am
WASHINGTON (AP) — Americans are generally satisfied with their personal finances, but many lack confidence in their ability to afford retirement, an emergency expense or even their daily living costs. Roughly two-thirds, 67%, describe their financial situation as generally good, up slightly from 62...
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In this photo taken April 3, 2019, a pair of students walk past a historic mural that includes slaves and a dead Native American at George Washington High School in San Francisco. The San Fransisco school board unanimously voted Tuesday, June 25, 2019, to destroy a controversial mural displayed in a public high school. This is the latest move in recent times to remove New Deal-era art, now considered offensive. (Yalonda M. James/San Francisco Chronicle via AP)
July 04, 2019 - 4:23 pm
SAN FRANCISCO (AP) — San Francisco will spend up to $600,000 to paint over historical artwork at a public school depicting the life of George Washington, a mural once seen as educational and innovative but now criticized as racist and degrading for its depiction of black and Native American people...
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FILE - In this May 2, 2019, file photo Mark Carney the Governor of the Bank of England speaks during an Inflation Report Press Conference at the Bank of England in the City of London. The Bank of England is open to the idea of letting new payment services such as Facebook's upcoming Libra hold funds with the central bank, Carney said Thursday, June 20. (AP Photo/Matt Dunham, Pool, File)
July 03, 2019 - 6:36 am
LONDON (AP) — Britain's economy showed alarming signs of a sharp slowdown, possibly even into recession, as uncertainty over Brexit combines with a less benign global backdrop, according to a closely watched survey of business activity in the U.K. released Wednesday. The survey, from financial...
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FILE - In this May 6, 2019, file photo, a woman looks at display boards at the Australian Stock Exchange in Sydney, Australia. Australia's central bank has cut its benchmark interest rate by a quarter of a percentage point to a new record low of 1% in a bid to boost the economy. (AP Photo/Rick Rycroft, File)
July 02, 2019 - 12:01 am
CANBERRA, Australia (AP) — Australia's central bank cut its benchmark interest rate by a quarter of a percentage point on Tuesday to a new record low of 1% in a bid to boost the economy. The cut is the second in consecutive months. Previously the Reserve Bank of Australia had not shifted the rate...
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July 01, 2019 - 5:46 am
FRANKFURT, Germany (AP) — The unemployment rate in the 19 European Union countries that use the euro fell to its lowest in more than a decade in May as domestic demand and low interest rates help keep the recovery going. Official figures Monday showed the jobless rate declined to 7.5 percent from 7...
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FILE - In this May 2, 2019, file photo Mark Carney the Governor of the Bank of England speaks during an Inflation Report Press Conference at the Bank of England in the City of London. The Bank of England is open to the idea of letting new payment services such as Facebook's upcoming Libra hold funds with the central bank, Carney said Thursday, June 20. (AP Photo/Matt Dunham, Pool, File)
June 26, 2019 - 7:04 am
LONDON (AP) — The governor of the Bank of England gave his biggest hint yet that he'd back a stimulus package to shore up the British economy if the country crashes out of the European Union at the end of October with no deal. In testimony to lawmakers on Wednesday, Governor Mark Carney said the...
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June 21, 2019 - 4:13 pm
NEW YORK (AP) — All 18 of the nation's largest and most complex banks are strong enough to withstand a severe economic downturn and would be able to stay in business without collapsing, the Federal Reserve said Friday. The results are from the first round of the central bank's annual stress tests,...
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FILE - In this Sept. 6, 2018 file photo, Campaign Chair Larry Silbermann announces a goal of $8,133,333 at the United Way of the Coastal Empire 2018 Campaign Kick-Off at the Civic Center in Savannah, Ga. Charitable giving by individual Americans in 2018 suffered its biggest drop since the Great Recession of 2008-09, in part because of Republican-backed changes in tax policy, according to the latest comprehensive report on Americans' giving patterns released on Tuesday, June 18, 2019. (Steve Bisson/Savannah Morning News via AP)
June 18, 2019 - 10:37 am
NEW YORK (AP) — Charitable giving by individual Americans in 2018 suffered its biggest drop since the Great Recession of 2008-09, in part because of Republican-backed changes in tax policy. That's according to Giving USA, the most comprehensive report on Americans' giving patterns. The new report,...
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