Latest Recessions and depressions News
Children of Flint water crisis make change as young environmental and health activists
FLINT, Mich. (AP) — Their childhood memories are still vivid: warnings against drinking or cooking with tap water, enduring long lines for cases of water, washing from buckets filled with heated, bottled water. And for some, stomach aches, skin rashes and hair loss. Ten years ago...
Express files for Chapter 11 bankruptcy protection, announces store closures, possible sale
NEW YORK (AP) — Express Inc — once a trendsetter of casual office attire that has struggled to compete with the likes of Zara and H&M — has filed for Chapter 11 bankruptcy protection. The retailer based in Columbus, Ohio, and founded in 1980 also said Monday it is seeking...
University of Arizona president: Fiscal year 2025 budget deficit may be reduced by $110M
TUCSON, Ariz. (AP) — As the University of Arizona continues to search for a new president, embattled outgoing president Robbins has announced “encouraging news” about the college’s ongoing financial crisis. The Tucson-based university is trying to dig out of a $177 million...
Unions in Greece call widespread strikes, seeking a return to bargaining rights axed during bailouts
ATHENS, Greece (AP) — Strikes called by Greece’s largest labor union halted ferries, disrupted public transport services and left some state-run hospitals running on emergency staffing levels in Athens and elsewhere Wednesday. The General Confederation of Greek Labor, GSEE, led...
Stock market today: Asian shares track Wall Street slump triggered by strong US spending data
BANGKOK (AP) — Asian shares skidded Tuesday following a slump on Wall Street after higher yields in the U.S. bond market cranked up pressure on stocks. The Shanghai Composite index lost 1.4% to 3,013.84 even though the Chinese government reported that the economy grew at a...
Ex-Fed chair Ben Bernanke finds 'significant shortcomings' in Bank of England's economic forecasting
LONDON (AP) — A review of the Bank of England's economic forecasting that was published Friday and undertaken by Ben Bernanke, the former chair of the U.S. Federal Reserve, has found “significant shortcomings” that should be addressed to better inform future interest rate decisions. ...
China's exports tumble 7.5% in March and imports also fall as demand slows
HONG KONG (AP) — China’s exports contracted in March after growing in the first two months of the year, underscoring the uneven nature of the country's recovery from the pandemic. Customs data released Friday show exports declined 7.5% in March from a year earlier, while imports...
Millennial Money: Is financial trauma holding you back from living your best life?
Whether it’s going to bed before midnight, eating broccoli, or dealing with your finances, doing the “right” thing can sometimes feel like a herculean effort. Similar to an erratic sleep schedule or an aversion to eating green things, there are consequences to delaying wise...
Another month of robust US job growth points to continued economic strength
WASHINGTON (AP) — America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates. Last...
As international travel grows, so does US use of technology. A look at how it's used at airports
WASHINGTON (AP) — The Belgian family of four was on their fourth trip to the United States. They had been dreading the long line at passport control when they entered the country but had heard about a new app they could use to ease their way and decided to give it a shot. Within minutes, they had...
