Latest Recessions and depressions News

A woman wearing protective mask to prevent the spread of the coronavirus walk past a mural showing frontliners in Manila, Philippines on Wednesday, Oct. 21, 2020. The Philippines lifted a ban on non-essential foreign trips by Filipinos Wednesday but the immigration bureau said the move did not immediately spark large numbers of departures for tourism and leisure. (AP Photo/Aaron Favila)

The Latest: Kansas gov. again urges statewide mask mandate

Oct. 21, 2020 7:09 PM EDT

MISSION, Kan. — Kansas Gov. Laura is again calling for a statewide mask mandate as coronavirus infections climb in rural parts of the state that don’t require face covering. Kelly said Wednesday that two-thirds of the state’s confirmed cases now are outside the Wichita and Kansas City...

Editorial Roundup: Pennsylvania

Oct. 21, 2020 5:13 PM EDT

Recent editorials of statewide and national interest from Pennsylvania’s newspapers: Pay attention: Pa. is poised to fall off a budget cliff The Philadelphia Inquirer Oct. 20 Pennsylvania is staring at a fiscal cliff. It’s easy but perilous to ignore state budget minutiae amid a contentious...

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...

Indian laborers work at a building construction site in Gauhati, India, Monday, Oct. 19, 2020. (AP Photo/Anupam Nath)

Study: COVID speeds up human vs machine standoff over work

Oct. 20, 2020 6:01 PM EDT

GENEVA (AP) — As automation and online work gain ground, organizers of the annual Davos forum are projecting employers will split work equally between machines and people by 2025, with the coronavirus pandemic accelerating changes in the labor market. The World Economic Forum, in a report released...

FILE - In this July 15, 2020, file photo, job seekers exercise social distancing as they wait to be called into the Heartland Workforce Solutions office in Omaha, Neb. For the first time in nearly 50 years, older workers are facing higher unemployment than midcareer workers, according to a study released Tuesday, Oct. 20, 2020, from the New School. (AP Photo/Nati Harnik, File)

Older workers face higher unemployment amid virus pandemic

Oct. 20, 2020 5:49 PM EDT

For the first time in nearly 50 years, older workers face higher unemployment than their midcareer counterparts, according to a study released Tuesday by the New School university in New York City. The pandemic has wreaked havoc on employment for people of all ages. But researchers found that during its course,...

People stand near a bank's electronic board showing the Hong Kong share index Tuesday, Oct. 20, 2020. Asian shares fell moderately Tuesday, echoing Wall Street's decline as hopes faded Washington will come through with badly needed aid for the economy before the U.S. presidential election.   (AP Photo/Vincent Yu)

Asian shares track Wall Street fall as virus aid hopes fade

Oct. 19, 2020 11:55 PM EDT

TOKYO (AP) — Asian shares fell moderately Tuesday, tracking Wall Street's overnight decline as hopes faded Washington will come through with badly needed aid for the U.S. economy before the U.S. presidential election. Investors have been focusing on U.S. economic stimulus amid global uncertainty about the...

FILE - In this March 24, 2020 file photo, a Chase bank employee, right, disinfects the branches ATMs to fend off coronavirus as a customer uses another in the Flushing neighborhood of the Queens borough of New York. More Americans than ever obtained a basic bank account in 2019, the Federal Deposit Insurance Corp. said Monday, Oct. 19, 2020. But the report did not take into account the coronavirus pandemic and historic recession, government experts warned, and it's highly likely that a number of Americans will end up unbanked yet again. (AP Photo/Mary Altaffer, File)

Report showing gains in bank access overshadowed by COVID

Oct. 19, 2020 2:18 PM EDT

CHARLOTTE, N.C. (AP) — More Americans than ever obtained a basic bank account in 2019, the Federal Deposit Insurance Corp. said Monday. But data was gathered before the outbreak of the coronavirus pandemic and start of this historic recession. But the agency noted that the loss of jobs and incomes due to...

FILE - In this Nov.13, 2018 file photo, Jihad Azour, the IMF's director of the Middle East and Central Asia Department reacts during his press conference in Dubai, United Arab Emirates. The coronavirus pandemic is hitting countries in the Middle East in wildly different ways, but nearly all are in the throes of an economic recession this year and all but two, Lebanon and Oman are expected to see some level of economic growth next year, according to the latest report published by the International Monetary Fund on Monday, Oct. 19, 2020. (AP Photo/Kamran Jebreili, File)

IMF: Nearly all Mideast economies hit by pandemic recession

Oct. 19, 2020 8:04 AM EDT

DUBAI, United Arab Emirates (AP) — The coronavirus pandemic has pushed nearly all Mideast nations into the throes of an economic recession this year, yet some rebound is expected as all but two — Lebanon and Oman — are anticipated to see some level of economic growth next year, according to a...

Cars are parked to be exported at Yokohama port, near Tokyo on Sept. 29, 2020. The drop in Japanese exports diminished last month, according to government data released Monday, Oct. 10, 2020, underlining how the blunt of the trade damage from the coronavirus pandemic may be gradually easing.  (AP Photo/Koji Sasahara)

Japan exports fall amid slow recovery from pandemic downturn

Oct. 19, 2020 3:12 AM EDT

TOKYO (AP) — Japan's exports fell at a slower pace in September in a sign that trade damage from the coronavirus pandemic is easing, according to Finance Ministry data released Monday. The report showed Japan’s exports in September declined 4.9%, better than the nearly 15% drop in August. The...

Jen Grippo, owner of the Original Oyster House, poses for a portrait Wednesday, Oct. 7, 2020, in  in Pittsburgh. The iconic restaurant celebrated its 150th anniversary on Monday, Oct. 12. (Pittsburgh Post-Gazette via AP)

150 years: The Oyster House celebrates its sesquicentennial

Oct. 17, 2020 9:25 AM EDT

PITTSBURGH (AP) — It was Oct. 12, 1870, and the morning edition of the Pittsburgh Daily Post’s front page carried news of the re-election of city-born Civil War general James Negley to Congress, dispatches from the Franco-Prussian War and ads for dry goods from the Joseph Horne Co. But there was...