Tag: Recessions and depressions
Report: Money key to reverse pandemic losses for poor
UNITED NATIONS — More than 60 international agencies are calling for immediate financing to put gains for developing countries back on track after the...
Powell likens emergency Covid efforts to efforts at Dunkirk
WASHINGTON — Federal Reserve Chairman Jerome Powell compared the actions taken by the central bank early in the pandemic as the economy barreled toward...
Fed says restrictions on bank dividends and buybacks to end
WASHINGTON — The Federal Reserve said Thursday that as of June 30 it will end for most banks the temporary limits it had imposed...
Millennial Money: Bust gender bias and balance work at home
No matter how modern opposite-sex couples can be in their views on equality, old habits die hard. The COVID-19 pandemic has made this abundantly...
Brazil economists call for tougher measures as cases ramp up
RIO DE JANEIRO — Nearly 200 Brazilian economists, including former finance ministers and central bank presidents, urged the Brazilian government to speed up vaccination...
Powell: US economy gaining, but recovery ‘far from complete’
WASHINGTON — Federal Reserve Chair Jerome Powell reiterated his belief Friday that while the U.S. economy has been steadily rebounding from the devastation caused...
Greece issues 30-year bond to smooth debt costs
ATHENS, Greece — Greece on Wednesday launched a 30-year government bond auction, hoping to take advantage of low interest rates to improve its debt...
One very jumbled year: Glimpses of AP’s pandemic journalism
Hugging loved ones. Shaking hands. Going to school. Grabbing dinner at a restaurant. Visiting elderly family members.
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Rescue aid package may reduce inequality, but for how long?
WASHINGTON — Democrats have celebrated President Joe Biden’s $1.9 trillion COVID-19 relief plan as a blow against one of America’s most entrenched economic woes:...
AP-NORC poll: People of color bear COVID-19’s economic brunt
NEW YORK — A year ago, Elvia Banuelos’ life was looking up. The 39-year-old mother of two young children said she felt confident about...