Recessions and depressions

Bishop William Joensen proceeds down the main aisle at the conclusion of Holy Thursday Mass in a near empty St. Ambrose Cathedral, Thursday, April 9, 2020, in Des Moines, Iowa. COVID-19 causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Charlie Neibergall)
AP
April 09, 2020 - 8:39 pm
NEW YORK (AP) — A staggering 16.8 million Americans lost their jobs in just three weeks, a measure of how fast the coronavirus has brought world economies to their knees. Meanwhile, religious leaders worldwide Thursday urged people to celebrate Good Friday and Easter from the safety of their homes...
Read More
A man wears a protective mask while waiting for a bus in Detroit, Wednesday, April 8, 2020. Detroit buses will have surgical masks available to riders starting Wednesday, a new precaution the city is taking from the new coronavirus COVID-19. (AP Photo/Paul Sancya)
AP
April 08, 2020 - 8:19 pm
Even as coronavirus deaths mount across Europe and New York, the U.S. and other countries are starting to contemplate an exit strategy and thinking about a staggered and carefully calibrated easing of restrictions designed to curb the scourge.
Read More
In this April 1, 2020, photo the interior of the TCF Center with temporary hospital rooms is seen inside the convention center in Detroit. In the decade before Michigan and its largest city became the latest hotspot for the deadly coronavirus, officials were steadily cutting back on their first line of defense against pandemics and other health emergencies. Approaching bankruptcy, Detroit disbanded most of its public health department and handed its responsibilities to a private nonprofit. (AP Photo/Carlos Osorio)
AP
April 05, 2020 - 6:39 am
In the decade before Michigan and its largest city became the latest hot spot for the deadly coronavirus, officials were steadily, and at times dramatically, cutting back on their first line of defense against pandemics and other public health emergencies. Approaching bankruptcy, Detroit disbanded...
Read More
Linda DeFrancesco stocks shelves with her farm's own salsa, spreads, veggies and salsa at DeFrancesco Farm Stand in Northford, Conn., Thursday, March 26, 2020. Businesses across the state are worried about the impact of the coronavirus, even the ones considered "essential" like farmers' markets and garden centers. The farm stand opens Saturday at 10 a.m. (Dave Zajac/Record-Journal via AP)
AP
March 30, 2020 - 1:49 pm
NEW YORK (AP) — When will the money arrive? That's the urgent question for small business owners who have been devastated by the coronavirus outbreak. They're awaiting help from the $2 trillion rescue package signed into law Friday. But with bills fast coming due, no end to business closings and an...
Read More
FILE - In this Tuesday, March 24, 2020 file photo, Gov. Andrew Cuomo speaks during a news conference against a backdrop of medical supplies at the Jacob Javits Center that will house a temporary hospital in response to the COVID-19 outbreak in New York. Cuomo, a Democrat, ripped the GOP-led Senate's version of the coronavirus package as "terrible" for New York and said, based on preliminary reports, that it would send the state some $4 billion in direct aid. (AP Photo/John Minchillo)
AP
March 27, 2020 - 4:42 pm
The coronavirus is pounding state governments with a financial one-two punch, costing them millions to try to contain the disease just as businesses are shutting down and tax revenue is collapsing. The sharp drop in revenue could jeopardize some states' ability to provide basic services. States...
Read More
A woman looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, March 27, 2020. Shares are mostly higher in Asia after stocks surged again on Wall Street with the approaching approval of a massive coronavirus relief bill by Congress.(AP Photo/Eugene Hoshiko)
AP
March 27, 2020 - 1:11 am
BANGKOK (AP) — Asian shares mostly tracked Wall Street's advance on Friday in Asia in anticipation congressional approval of massive coronavirus relief for the U.S. economy. Tokyo jumped 2.5% and Shanghai added 0.9%. Stocks sank 5.3% in Australia, ending a three day winning streak as investors...
Read More
Senate Majority Leader Mitch McConnell of Ky. gives a thumbs up as he arrives on Capitol Hill, Wednesday, March 25, 2020, in Washington. (AP Photo/Andrew Harnik)
AP
March 26, 2020 - 5:07 am
WASHINGTON (AP) — The Senate passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic. The unanimous vote Wednesday came despite misgivings on both sides about whether it goes too far or not far...
Read More
President Donald Trump gestures as he asks a question to Dr. Deborah Birx, White House coronavirus response coordinator, during a briefing about the coronavirus in the James Brady Briefing Room, Monday, March 23, 2020, in Washington. (AP Photo/Alex Brandon)
AP
March 24, 2020 - 5:34 am
WASHINGTON (AP) — As cases of coronavirus rise, President Donald Trump said that he wants to reopen the country for business in weeks, not months, and claimed, without evidence, that continued closures could result in more deaths than the pandemic itself. "We can’t have the cure be worse than the...
Read More
Senate Majority Leader Mitch McConnell of Ky., is followed by reporters and staff as he leaves a meeting on Capitol Hill in Washington, Friday, March 20, 2020, to work on an economic package to deal with the coronavirus. (AP Photo/Susan Walsh)
AP
March 23, 2020 - 12:23 am
WASHINGTON (AP) — In the fall of 2008, an unlikely alliance of lawmakers, regulators and Bush administration officials banded together to rescue an economy they feared was hours away from collapse. They also unwittingly reshaped American politics, unleashing a populist furor that lingers in both...
Read More
Shoppers wait in line to pay at a supermarket in Singapore, Tuesday, Mar. 17, 2020. Singaporeans were seen buying food supplies in supermarkets following neighboring Malaysia's announcement of a nationwide lockdown due to the coronavirus to begin Wednesday which could affect the flow of food supplies to the city state. (AP Photo/Ee Ming Toh)
AP
March 22, 2020 - 1:11 am
SINGAPORE (AP) — The Latest on the coronavirus pandemic, which has infected more than 307,200 people and killed more than 13,000. The COVID-19 illness causes mild or moderate symptoms in most people, but severe symptoms are more likely in the elderly or those with existing health problems. More...
Read More

Pages