Recessions and depressions

Sikh farmers sit inside their makeshift tent at Singhu, the Delhi-Haryana border camp for protesting farmers against three farm bills, in New Delhi, India, Wednesday, Jan. 27, 2021. Leaders of a protest movement sought Wednesday to distance themselves from a day of violence when thousands of farmers stormed India's historic Red Fort, the most dramatic moment in two months of demonstrations that have grown into a major challenge of Prime Minister Narendra Modi’s government. (AP Photo/Manish Swarup)
January 27, 2021 - 10:25 am
NEW DELHI (AP) — Leaders of a protest movement sought Wednesday to distance themselves from a day of violence when thousands of farmers stormed India's historic Red Fort, the most dramatic moment in two months of demonstrations that have grown into a major challenge of Prime Minister Narendra Modi’...
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FILE - In this Sept. 5, 2019 file photo, Italian President Sergio Mattarella, left, shakes hands with Prime Minister Giuseppe Conte during the swearing-in ceremony at the Quirinale Presidential Palace, in Rome. Italian Premier Conte was meeting Tuesday, Jan. 26. 2021 with his cabinet before heading to the presidential palace to offer his resignation after a key coalition ally pulled his party’s support over Conte’s handling of the coronavirus pandemic. (AP Photo/Andrew Medichini, file)
January 26, 2021 - 6:32 am
ROME (AP) — Italian Premier Giuseppe Conte went to the presidential palace Tuesday to offer his resignation after a key coalition ally pulled his party’s support over Conte’s handling of the coronavirus pandemic. Conte is hoping to get President Sergio Mattarella’s support to form a new coalition...
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President-elect Joe Biden, right, listens as Janet Yellen, who Biden nominated to serve as Secretary of the Treasury, speaks at The Queen theater, Tuesday, Dec. 1, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)
January 25, 2021 - 7:34 pm
WASHINGTON (AP) — The Senate on Monday approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th treasury secretary, making her the first woman to hold the job in the department's 232-year history. Yellen, a former chair of the Federal Reserve, was approved by the Senate on...
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President Joe Biden waves as he departs after attending Mass at Holy Trinity Catholic Church, Sunday, Jan. 24, 2021, in the Georgetown neighborhood of Washington. Biden plans to sign an executive order Monday, Jan. 25 that aims to boost government purchases from U.S. manufacturers. (AP Photo/Patrick Semansky)
January 25, 2021 - 5:16 am
BALTIMORE (AP) — President Joe Biden plans to sign on Monday an executive order that aims to boost government purchases from U.S. manufacturers, according to administration officials. The United States has shed roughly 540,000 factory jobs since last February as the coronavirus pandemic hurled the...
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Long time exposure photo shows aircrafts flying over the buildings of the banking district in Frankfurt, Germany, Thursday, Jan. 21, 2021. (AP Photo/Michael Probst)
January 21, 2021 - 10:45 am
FRANKFURT, Germany (AP) — With more than a trillion euros in stimulus still in the pipeline to the economy, the European Central Bank left its key bond-purchase program unchanged Thursday as the 19-country eurozone endures a winter economic slowdown due to the pandemic. ECB President Christine...
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FILE - In this Nov. 5, 2020 file photo, a sign for Wall Street is carved in the side of a building. U.S. stocks are rising again Wednesday, Jan. 20, 2021, climbing toward records on stronger-than-expected earnings reports and continued optimism that an economic recovery is on the way. (AP Photo/Mark Lennihan, File)
January 20, 2021 - 4:45 pm
Wall Street marked the dawn of President Joe Biden's administration with stocks rallying to record highs as hopes build that new leadership in Washington will mean more support for the struggling U.S. economy. The S&P 500 rose 1.4%, topping its previous all-time high set earlier this month. The...
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Italian Prime Minister Giuseppe Conte speaks during his final address at the Senate prior to a confidence vote, in Rome, Tuesday, Jan. 19, 2021. Italian Premier Giuseppe Conte fights for his political life with an address aimed at shoring up support for his government, which has come under fire from former Premier Matteo Renzi's tiny but key Italia Viva (Italy Alive) party over plans to relaunch the pandemic-ravaged economy. (Roberto Monaldo/ Lapresse via AP)
January 20, 2021 - 5:10 am
ROME (AP) — Italian Premier Giuseppe Conte worked to solidify his majority in parliament Wednesday after narrowly winning a Senate confidence vote after a junior coalition ally yanked his support over Conte’s handling of the coronavirus pandemic. Conte was expected to brief President Sergio...
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FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. President-elect Joe Biden announced Yellen as his nominee for Treasury Secretary. (AP Photo/Andrew Harnik, File)
January 19, 2021 - 1:44 pm
WASHINGTON (AP) — Janet Yellen, President-elect Joe Biden's choice as Treasury secretary, said Tuesday that the incoming administration would focus on winning quick passage of its $1.9 trillion pandemic relief plan, rejecting Republican arguments that the measure is too big given the size of U.S...
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FILE - In this May 8, 2019 file photo, then Federal Trade Commission commissioner Rohit Chopra testifies during a House Energy and Commerce subcommittee hearing on Capitol Hill in Washington. President-elect Joe Biden is set to nominate Rohit Chopra as the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed. (AP Photo/Susan Walsh)
January 18, 2021 - 5:41 pm
WASHINGTON (AP) — President-elect Joe Biden has chosen Rohit Chopra to be the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed. Chopra, now a commissioner at the Federal Trade Commission,...
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The Washington Monument and the National Mall are visible as members of the U.S. Air Force Honor Guard walk along the West Front of the U.S. Capitol at the site of the 59th Presidential Inauguration in Washington, Monday, Jan. 18, 2021. (AP Photo/Andrew Harnik)
January 18, 2021 - 12:30 pm
BALTIMORE (AP) — When Joe Biden entered the White House as vice president, the economy was cratering. Job losses were mounting. Stocks were crashing. Millions of Americans were in the early stages of losing their homes to foreclosure as the housing bubble burst. Biden returns to the White House as...
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