Latest Financial crisis News

Biden vows to unify and save country; Trump hits Midwest

Oct. 27, 2020 11:18 PM EDT

WARM SPRINGS, Ga. (AP) — Joe Biden traveled Tuesday to the hot springs town where Franklin Delano Roosevelt coped with polio to declare the U.S. is not too politically diseased to overcome its health and economic crises, pledging to be the unifying force who can "restore our soul and save this...

Elena Suazo, a kindergarten cafeteria worker, puts on the protective gear she brought from home, outside the entrance to the COVID-19 wing of José Gregorio Hernández Hospital which used to be the emergency room, as she prepares to enter and care for her 76-year-old hospitalized father, in the Catia neighborhood of Caracas, Venezuela, Thursday, Sept. 24, 2020. In this ruined country, the only way to ensure that he received the care he needed was to do it herself, regardless of the dangers to her own health. (AP Photo/Ariana Cubillos)

Venezuelans brave COVID wing to bathe, feed sick loved ones

Oct. 27, 2020 10:59 AM EDT

CARACAS, Venezuela (AP) — Leaning against a hospital wall for balance, Elena Suazo wiggled each foot into blue protective pants. Then she slipped her arms into a surgical gown and snapped on white rubber gloves, finally ready to enter the COVID-19 wing. Suazo is not a nurse. She is a cafeteria worker at a...

Photographed through a door from outside the José Gregorio Hernández Hospital, Mirley Avila feeds her father Miguel Avila inside the COVID-19 wing in the Catia neighborhood of Caracas, Venezuela, Saturday, Oct. 10, 2020, on a day when there weren't enough nurses so they let her in to feed him, change his sheets and undergarments. According to Caracas Nurses College President Ana Rosario Contreras, a 2018 survey by the organization found that at least 6,000 nurses have abandoned Venezuela and that the number has grown since. (AP Photo/Ariana Cubillos)

Venezuelans brave COVID wing to bathe, feed sick loved ones

Oct. 27, 2020 9:51 AM EDT

CARACAS, Venezuela (AP) — Leaning against a hospital wall for balance, Elena Suazo wiggled each foot into blue protective pants. Then she slipped her arms into a surgical gown and snapped on white rubber gloves, finally ready to enter the COVID-19 wing. Suazo is not a nurse. She is a cafeteria worker at a...

3 Indiana hospital systems: Racism a ‘public health crisis’

Oct. 24, 2020 1:27 PM EDT

INDIANAPOLIS (AP) — Three central Indiana hospital systems have declared racism a public health crisis, calling social and economic inequities “a recipe for pain, suffering, premature mortality and civil protest.” Indiana University Health, Community Health Network and Eskenazi Health said in...

People shop for clothing at the used-clothes market in Baghdad, Iraq, Tuesday, Oct. 20, 2020.  Iraq is in the throes of an unprecedented liquidity crisis, as the cash-strapped state wrestles to pay public sector salaries and import essential goods while oil prices remain dangerously low. (AP Photo/Khalid Mohammed)

Bloated public salaries at heart of Iraq's economic woes

Oct. 23, 2020 1:55 PM EDT

BAGHDAD (AP) — Long-time Iraqi civil servant Qusay Abdul-Amma panicked when his monthly salary was delayed. Days of waiting turned to weeks. He defaulted on rent and other bills. A graphic designer for the Health Ministry, he uses about half his salary to pay his rent of nearly 450,000 Iraqi dinars a...

A pedestrian wearing a face mask to curb the spread of COVID-19 walks in front of the Greek parliament in central Athens, Tuesday, Oct. 20, 2020. Greece has been experiencing a resurgence of the virus, with the number of new daily cases, most in the Greek capital, often topping 400, and both deaths and the number of those in intensive care units rising. (AP Photo/Thanassis Stavrakis)

Greece: Insolvency overhaul during pandemic triggers spat

Oct. 23, 2020 9:51 AM EDT

ATHENS, Greece (AP) — The Greek government's opposition is trying to block new insolvency legislation that it argues would leave vulnerable mortgage holders more exposed to repossession during the pandemic. The conservative government is overhauling its bankruptcy regulations, replacing a protection...

Michigan State dropping swimming and diving teams

Oct. 22, 2020 5:13 PM EDT

EAST LANSING, Mich. (AP) — Michigan State University is dropping swimming and diving teams for men and women after the 2020-21 season, officials said Thursday. “MSU athletics is facing a financial crisis unlike any we’ve ever seen in college athletics,” athletic director Bill Beekman...

Lebanese Prime Minister-Designate Saad Hariri speaks to journalists at the Presidential Palace in Baabda, east of Beirut, Lebanon, Thursday, Oct, 22, 2020. Lebanon's president Michel Aoun asked former premier Saad Hariri to form the country's next government Thursday after he secured enough votes from lawmakers - bringing back an old name to lead the country out of its dire political and economic crises. (AP Photo/Hussein Malla)

For 4th time, Hariri is back as PM in crisis-hit Lebanon

Oct. 22, 2020 12:08 PM EDT

BEIRUT (AP) — Lebanon’s president tasked former Prime Minister Saad Hariri with forming a new government Thursday, bringing back the veteran politician a year after he was toppled amid nationwide protests against widespread corruption and a flunking economy. President Michel Aoun designated Hariri...

Golden Dawn party leader Nikos Michaloliakos, center, leaves his residence in Athens, Thursday, Oct. 22, 2020.A court has sentenced Michaloliakos and the leadership of Greece's extreme-right Golden Dawn party to 13 years in prison, imposing the near-maximum penalty for running a criminal organization blamed for numerous violent hate crimes. The landmark ruling follows a five-year trial of dozens of top officials, members, and supporters of the organization founded as a Neo-Nazi group in the 1980s, that rose to become Greece's third-largest political party during a major financial crisis in the previous decade. (AP Photo/Thanassis Stavrakis)

Greek court imprisons far-right Golden Dawn party leadership

Oct. 22, 2020 11:10 AM EDT

ATHENS, Greece (AP) — Former lawmakers of Greece's extreme right-wing Golden Dawn party began turning themselves in to authorities Thursday, after a court ordered their imprisonment following their convictions for running the party like a criminal organization. In the final act of a marathon five-year,...

In this Sept. 25, 2020 photo, President Donald Trump does a little dance after speaking at a campaign rally in Newport News, Va. Trump, a man who is famously particular about his appearance, is fully embracing doing a dad dance to the Village People's “YMCA” as the finale to his rallies in the campaign's closing stretch.  (AP Photo/Steve Helber)

Trump the dancer? His moves to 'YMCA' at rallies are a hit

Oct. 21, 2020 2:05 PM EDT

TUCSON, Ariz. (AP) — He adjusts his coat. He gazes out at the crowd. And then he goes for it. President Donald Trump, a man who is famously particular about his appearance, is fully embracing doing a dad dance to the Village People's “YMCA” as the finale to his rallies in the campaign's...