Tag: Recessions and depressions
German court refuses effort to block EU recovery fund
FRANKFURT, Germany — Germany's top court has refused to issue an injunction blocking the country's participation in the European Union's 750 billion-euro (more than...
Pandemic ‘exposed’ UK households’ finances, report finds
LONDON — Households in Britain, especially poorer ones, are far more likely to have suffered a severe income shock during the coronavirus pandemic over...
Indiana budget deal boosts school funding, construction
INDIANAPOLIS — A new Indiana state budget awash in federal coronavirus relief money will give a sizeable funding boost to public schools while also...
Liz Weston: How the pandemic has shaken up retirement
Pandemic-related job losses forced many older Americans out of the workplace i n the past year, perhaps permanently. But the COVID-19 crisis also seems...
AP FACT CHECK: Biden hails record job growth, skips caveats
WASHINGTON — Taking a page from his predecessor's boastful ways, President Joe Biden is claiming credit for two months of record job creation as...
Indiana budget outlook shows bigger tax revenue jump
INDIANAPOLIS — Indiana’s state tax collections are expected to bounce back even stronger than expected from the pandemic recession.
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New Treasury office to oversee billions in virus relief help
WASHINGTON — The Treasury Department has created a new office to supervise the disbursement of the billions of dollars in relief money authorized by...
Senate OKs tough former regulator as market watchdog chief
WASHINGTON — The Senate has approved President Joe Biden’s choice of Gary Gensler to head the Securities and Exchange Commission, signaling an emphasis on...
UN chief urges wealth tax of those who profited during COVID
UNITED NATIONS — Secretary-General Antonio Guterres declared Monday that the world’s failure to unite on tackling COVID-19 created wide inequalities, and he called for...
Greece: Stores open amid virus surge to help rescue economy
ATHENS, Greece — Retail stores across most of Greece were allowed to reopen Monday despite an ongoing surge in COVID-19 infections, as the country...