Latest Recessions and depressions News

Recent Kansas editorials

Jan. 21, 2020 9:10 AM EST

The Kansas City Star, Jan. 20 Kansas Gov. Laura Kelly should abandon her proposal to impose sales taxes on Netflix and other digital streaming services. Her misguided plan would hit Kansas consumers who buy books online, play games online, stream music, or subscribe to digital newspapers and magazines —...

Work begins on NW Indiana war memorial delayed by recession

Jan. 18, 2020 10:30 AM EST

CROWN POINT, Ind. (AP) — Work is underway in northwestern Indiana for a war memorial that was delayed for years by the Great Recession after the 2008 financial crisis. Crews began clearing trees Wednesday in Crown Point for the memorial, which will feature three separate monuments: one for World War I...

Arizona Republican Gov. Doug Ducey, front, raises his arm as he makes a pledge as he speaks during his State of the State address about Arizona's economy, new jobs, prison reform, and education as Senate president Karen Fann, R-Prescott, back right, and House Speaker Rusty Bowers, R-Mesa, back left, listen in on the opening day of the legislative session at the Capitol, Monday, Jan. 13, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Poorest, best schools a focus in proposed Arizona budget

Jan. 17, 2020 6:31 PM EST

PHOENIX (AP) — Gov. Doug Ducey proposed a $12.3 billion spending plan Friday that would send more money to Arizona's best-performing and poorest schools while boosting the budget for repairing schools and building new ones. Ducey's budget would raise state spending by about 6% over the budget enacted last...

ARCHIVO - En imagen de archivo del 3 de octubre de 2019, los fuselajes del Boeing 737 MAX, fabricados por Spirit Aerosystems en Wichita, Kansas, se encuentran cubiertos pr lonas cerca de la fábrica. (Travis Heying/The Wichita Eagle vía AP, archivo)

Kansas says it's better prepared now for aviation layoffs

Jan. 16, 2020 6:31 PM EST

Kansas Labor Secretary Delia Garcia said Thursday that the state is better prepared to respond to layoffs stemming from the grounding of the troubled Boeing 737 Max than it was during the Great Recession, when it had to borrow money to prop up its unemployment insurance trust fund. That fund now has about $1...

Republicans vote down another Indiana teacher pay boost plan

Jan. 16, 2020 2:53 PM EST

INDIANAPOLIS (AP) — A Democratic proposal to immediately boost Indiana teacher pay by $100 million a year by stretching out payments to a teacher pension fund was rejected Thursday by a Republican-controlled committee. The Indiana Senate Appropriations Committee voted 8-4 along party lines against the...

Clouds pass by the European Central Bank in Frankfurt, Germany, Thursday, Jan. 16, 2020. (AP Photo/Michael Probst)

European Central Bank sees a few upbeat signs in eurozone

Jan. 16, 2020 9:31 AM EST

FRANKFURT, Germany (AP) — Top officials at the European Central Bank say economic growth remains weak though they see a few upbeat signs after the U.S. and China moved toward lowering trade tensions. Recent data point to “a stabilization in euro area growth,” according to an account of the...

Missouri Gov. Mike Parson delivers the State of the State address Wednesday, Jan. 15, 2020, in Jefferson City, Mo. (AP Photo/Jeff Roberson)

Missouri governor pitches plan to address violent crime

Jan. 15, 2020 6:37 PM EST

JEFFERSON CITY, Mo. (AP) — Missouri Gov. Mike Parson on Wednesday called for a new state savings fund and reaffirmed his support for gun rights in face of a spike in violence in the state's biggest cities. Parson identified both as top goals for the year in a State of the State speech to the...

A cargo ship passes the buildings of the banking district on the river Main in Frankfurt, Germany, Monday, Dec. 30, 2019. (AP Photo/Michael Probst)

German economic growth slows to 0.6% in 2019, worst in years

Jan. 15, 2020 6:13 AM EST

BERLIN (AP) — The German economy expanded by 0.6% last year, its worst performance since 2013, as export growth slowed and manufacturing was weak. It was the 10th consecutive year of growth, the longest period since Germany was reunited in 1990, the Federal Statistical Office said Wednesday. But growth was...

Governor commits to renewable energy in State of the State

Jan. 14, 2020 7:01 PM EST

PROVIDENCE, R.I. (AP) — Rhode Island Gov. Gina Raimondo announced Tuesday she will sign an executive order that aims to make the state the first in the nation to be powered completely by renewable energy by the end of the decade. In the annual State of the State speech to lawmakers, the Democratic governor...

FILE - In this Oct. 21, 2013, file photo, the JPMorgan Chase logo is displayed at their headquarters in New York. Banking giant JPMorgan Chase said that its fourth-quarter profits jumped 21% from a year earlier, as the bank's trading desks had a blowout quarter. A sharp increase in JPMorgan's trading business made up for declining interest rates, which impacted other parts of the bank. (AP Photo/Seth Wenig, File)

Banks post big profits, but lower interest rates are a worry

Jan. 14, 2020 2:57 PM EST

NEW YORK (AP) — So far, it appears 2019 was another record year for Wall Street. Trading of stocks and bonds rebounded after a terrible end to 2018 and consumers spent tons of money on their credit cards, buoyed by a strong job market and steady economic growth. On Tuesday, JPMorgan Chase reported a...