Recessions and depressions

FILE - This Feb. 16, 2017 file photo shows newborn babies in the nursery of a postpartum recovery center in upstate New York. Women in the United States gave birth last year at the lowest rate in three decades, a trend that could weigh on economic growth in future decades. The number of babies born in the U.S. has fallen for three straight years, and as births decline and the population ages, fewer Americans are available to work or start businesses, thereby slowing the economy. (AP Photo/Seth Wenig, File)
May 17, 2018 - 4:16 pm
WASHINGTON (AP) — Women in the United States gave birth last year at the lowest rate in 30 years, a trend that could weigh on economic growth in the coming decades. The Center for Disease Control and Prevention's National Center for Health Statistics said Thursday that the number of U.S. babies...
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Gov. Jerry Brown gestures toward a chart showing the increase in K-14 school funding, while discussing his revised 2018-19 state budget at a Capitol news conference Friday, May 11, 2018, in Sacramento, Calif. Brown proposed a $137.6 billion general fund budget, up nearly $6 billion from his earlier proposal in January. (AP Photo/Rich Pedroncelli)
May 11, 2018 - 3:53 pm
SACRAMENTO, Calif. (AP) — Gov. Jerry Brown proposed a $137.6 billion general fund budget for California Friday amid surging revenues, kicking off his last round of negotiations with Democratic legislative leaders. Brown's latest budget is up nearly $6 billion from his earlier proposal in January...
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Mario Draghi, President of the European Central Bank, delivers his speech during the State of the Union conference organized by the European University Institute in Florence, Italy, Friday, May 11, 2018. (Claudio Giovannini/ANSA via AP)
May 11, 2018 - 3:09 pm
FRANKFURT, Germany (AP) — The head of the European Central Bank is urging political leaders to repair gaps in the way the euro is set up to prevent another crisis — including by finding money to help governments hit by deep recessions. Mario Draghi said Friday in a speech in Florence, Italy, that...
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A for sale sign hangs outside a recently built house Friday, May 4, 2018, near Roseville, Calif. Federal data released Friday shows California has surpassed the United Kingdom to become the world fifth largest economy, with real estate and financial services leading other economic sectors in driving the state's economic growth. (AP Photo/Rich Pedroncelli)
May 04, 2018 - 7:42 pm
SACRAMENTO, Calif. (AP) — California's economy has surpassed that of the United Kingdom to become the world's fifth largest, according to new federal data made public Friday. California's gross domestic product rose by $127 billion from 2016 to 2017, surpassing $2.7 trillion, the data said...
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Principal Shawn Duguid welcomes a student back to Oakwood Elementary School after a statewide Arizona teachers strike ended Friday, May 4, 2018, in Peoria, Ariz. Hundreds of thousands of Arizona schoolchildren returned to classes Friday a day after state lawmakers approved 20 percent raises for teachers and they ended a six-day walkout that shuttered most classrooms around the state. (AP Photo/Ross D. Franklin)
May 04, 2018 - 6:26 pm
PHOENIX (AP) — Hundreds of thousands of Arizona schoolchildren returned to classes Friday, a day after state lawmakers approved a plan to hike teacher salaries to end a historic six-day walkout by educators that shuttered most schools statewide. Teachers at a high school in the Phoenix suburb of...
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FILE- In this Feb. 20, 2018, file photo, construction workers work in midtown Manhattan in New York. U.S. productivity grew at an annual rate of 0.7 percent in the first three months of 2018, a weak reading but a slight improvement from the previous quarter.(AP Photo/Seth Wenig, File)
May 04, 2018 - 4:18 pm
WASHINGTON (AP) — The U.S. economy has delivered steady if only modest gains for most Americans since the Great Recession ended in 2009. It's been a frustration for many. Yet the very sluggishness of the economic expansion helps explain why it's now the second-longest on record and why more of the...
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With the Arizona Capitol in the background, thousands of teachers continue to protest Thursday, May 3, 2018, in Phoenix. After an all night legislative budget session the legislature passed the new education spending portion of the budget and Republican Gov. Doug Ducey signed that part of the budget. (AP Photo/Ross D. Franklin)
May 03, 2018 - 10:00 pm
PHOENIX (AP) — The Arizona governor signed a plan Thursday to give striking teachers a 20 percent pay raise, ending their six-day walkout after a dramatic all-night legislative session and sending a majority of the state's 1 million public school students back to the classroom. Gov. Doug Ducey's...
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FILE - This June 19, 2015, file photo shows the Marriner S. Eccles Federal Reserve Board Building in Washington. The central bank is meeting this week as its board is undergoing a makeover, with a raft of new appointees by President Donald Trump who appear generally supportive of the Fed’s cautious approach to rates since the Great Recession ended. (AP Photo/Andrew Harnik, File)
May 02, 2018 - 4:55 pm
WASHINGTON (AP) — The Federal Reserve kept its benchmark interest rate unchanged Wednesday but noted that inflation is nearing its 2 percent target rate after years of remaining undesirably low. The Fed ended its latest policy meeting by leaving its key short-term rate unchanged at 1.5 percent to 1...
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FILE - This June 19, 2015, file photo shows the Marriner S. Eccles Federal Reserve Board Building in Washington. The central bank is meeting this week as its board is undergoing a makeover, with a raft of new appointees by President Donald Trump who appear generally supportive of the Fed’s cautious approach to rates since the Great Recession ended. (AP Photo/Andrew Harnik, File)
May 02, 2018 - 3:13 am
WASHINGTON (AP) — The Federal Reserve achieved an inflation milestone this week, but that isn't likely to alter expectations for what the Fed will announce when its latest policy meeting ends Wednesday. After six years of mostly missing its annual 2 percent target for inflation, the Fed learned...
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Striking teachers silently cheer using their hands to follow decorum on not clapping or verbally reacting from the Senate gallery while senators meet in Senate chambers in Phoenix, Ariz., Monday, April 30, 2018. (AP Photo/Bob Christie)
April 30, 2018 - 9:53 pm
PHOENIX (AP) — Thousands of Arizona teachers gathered for the third day at the Capitol on Monday to protest low pay and school funding, and many schools around the state remained closed, while the Legislature prepared to introduce a budget package that gives them raises but falls short of other...
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