Recessions and depressions

Demonstrators bang on pots, from the balcony of their apartment as they protest against governor Ricardo Rossello, in San Juan, Puerto Rico, Friday, July 19, 2019. Protesters are demanding Rossello step down for his involvement in a private chat in which he used profanities to describe an ex-New York City councilwoman and a federal control board overseeing the island's finance. (AP Photo/Dennis M. Rivera Pichardoi)
July 21, 2019 - 9:11 pm
SAN JUAN, Puerto Rico (AP) — Puerto Rico Gov. Ricardo Rosselló said Sunday evening that he will not resign in the face of public furor over an obscenity-laced leaked online chat, but he will not seek reelection or continue as head of his pro-statehood political party. Protesters said they were not...
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Conservative party leadership candidate Boris Johnson delivers his speech during a Conservative leadership hustings at ExCel Centre in London, Wednesday, July 17, 2019. The two contenders, Jeremy Hunt and Boris Johnson are competing for votes from party members, with the winner replacing Prime Minister Theresa May as party leader and Prime Minister of Britain's ruling Conservative Party. (AP Photo/Frank Augstein)
July 18, 2019 - 10:28 am
LONDON (AP) — British lawmakers on Thursday put a substantial roadblock in the path of any attempt by a Brexit-backing prime minister to take the country out of the European Union without a divorce deal. The move came as the U.K.'s official economic watchdog said a no-deal Brexit would trigger a...
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U.S. Federal Reserve Chairman Jerome Powell speaks during a dinner hosted by the Bank of France in Paris, Tuesday, July 16, 2019. Finance officials from the Group of Seven rich democracies will weigh risks from new digital currencies and debate how to tax U.S. tech companies like Google and Amazon when they meet in the Paris suburb of Chantilly tomorrow. (AP Photo/Michel Euler)
July 16, 2019 - 2:53 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that the 2008 financial crisis accelerated major changes in the U.S. and global economies, leading to slower growth, lower inflation and lower interest rates. Delivering remarks to a Paris economic conference, Powell said that...
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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 - 10:34 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 - 3:01 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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FILE - In this Thursday, May 23, 2019 file photo, Jeremy Corbyn leader of Britain's opposition Labour Party gives the thumbs up after voting in the European Elections in London. In a significant shift, Britain’s main opposition Labour Party said Tuesday July 9, 2019, that Britain’s next prime minister should hold a referendum on whether to leave the European Union or remain in the bloc. (AP Photo/Kirsty Wigglesworth, File)
July 09, 2019 - 1:42 pm
LONDON (AP) — Britain's main opposition Labour Party said Tuesday that the country's soon-to-be chosen new leader should hold a second referendum on whether to leave the European Union or remain in the bloc, as the two contenders for the job prepared to face a grilling in a TV debate over their...
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FILE - Presidential hopeful H. Ross Perot speaks at a rally in Austin, Texas, in this 1992 file photo. Perot, the Texas billionaire who twice ran for president, has died. He was 89. (AP Photo, File)
July 09, 2019 - 12:27 pm
DALLAS (AP) — H. Ross Perot rose from a childhood of Depression-era poverty to become a self-made billionaire who twice ran for president with a mixture of folksy sayings and simple solutions to America's problems. His 19% of the vote in 1992 stands among the best showings by an independent...
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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 - 8:28 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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July 07, 2019 - 7:00 pm
NEW YORK (AP) — Martin Charnin, who made his Broadway debut playing a Jet in the original "West Side Story" and went on to become a Broadway director and a lyricist who won a Tony Award for the score of the eternal hit "Annie," has died. He was 84. He died Saturday at a White Plains, New York,...
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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 - 5:23 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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