Posts Tagged Recessions and depressions

Study: 35 percent in US facing debt collectors

In this May 9, 2012 file photo, a Visa credit card is tendered at the opening of the Superdry store in New York's Times Square. More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday, July 29, 2014, by the Urban Institute. (AP Photo/Richard Drew, File)

WASHINGTON (AP) — More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.

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US economy, though sluggish, may now be sturdier

In this Tuesday, July 8, 2014 photo, Mark Ahlemann, center, passes out papers to participants during a during a breakfast networking session hosted by Gray Hair Management at a restaurant in Elk Grove Village, Ill. By continuing to draw a paycheck, older workers pay taxes and that ought to reduce the budgetary pressures on younger generations, Gary Burtless, a senior economics fellow at the Brookings Institution, concluded in a 2013 paper. But in a sluggish recovery where job gains have not kept pace with population growth, the persistence of older workers has actually hurt younger generations  (AP Photo/Matt Marton)

WASHINGTON (AP) — Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged.

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Fair Trade brings big sales and a clear conscience

In this July 14, 2014 photo, Jim Munson, owner of Brooklyn Roasting Company, poses for photos in New York. Sales of the company’s Free Trade coffee have soared from $900,000 in 2011 to $4.4 million last year, and are expected to reach $6 million in 2014. (AP Photo/Seth Wenig)

NEW YORK (AP) — Brooklyn Roasting Co. has a booming business based on helping people thousands of miles away.

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IMF sees US growth at weakest since recession

In this March 12, 2014 file photo, Anthony Avery pushes grocery carts during a snow storm in Roseville, Mich. U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said Wednesday, July 23, 2014, mostly because of a sharp, weather-related contraction in the first quarter. (AP Photo/Paul Sancya, File)

WASHINGTON (AP) — U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter.

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