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Tag: Recessions and depressions

Big jump in Indiana budget surplus triggering tax refund

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INDIANAPOLIS — A big jump in Indiana’s state tax collections will result in a refund for taxpayers, although they’ll have to wait for that...

Populist Edwin Edwards, a ‘Cajun King,’ loved his Louisiana

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NEW ORLEANS, La. — They were tough acts to follow on the stage of 20th century Louisiana politics: the arm-flailing Depression-era orator Huey Long,...

UN: world hunger was dramatically worse in pandemic year

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ROME — The United Nations on Monday lamented what it called a “dramatic worsening" of world hunger last year, saying much of that is...

US average mortgage rates continue to fall; 30-year at 2.90%

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WASHINGTON — Mortgage rates continued to fall this week, tracking a decline in yields on Treasury securities as the bond market continues to signal...

Have a seat: Patio furniture shortage tells US economic tale

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COCKEYSVILLE, Maryland — People used to go to Valley View Farms to buy five tomato plants and end up with $5,000 in patio furniture. ...

As employers struggle to fill jobs, teens come to the rescue

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WASHINGTON — The owners of restaurants, amusement parks and retail shops, many of them desperate for workers, are sounding an unusual note of gratitude...

Fewer working-age people may slow economy. Will it lift pay?

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WASHINGTON — As America's job market rebounds this summer and the need for workers intensifies, employers won't likely have a chance to relax anytime...

Gap to close all UK, Ireland stores; shifts business online

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LONDON — In another blow to Britain's retail sector, American clothing company Gap said that it will close all of its stores in the...

US average mortgage rates decline; 30-year at 2.98%

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WASHINGTON — Mortgage rates declined this week, with the key 30-year loan slipping back below the 3% mark as the economic recovery from the...

Freed from COVID restrictions, big US banks hike dividends

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NEW YORK — Recently freed from regulators' coronavirus restrictions, the largest U.S. banks on Monday announced plans to return tens of billions of dollars...