It’s hard to know what America in 2023 will be like, but one thing is for certain. It’s likely that American workers will be less sophisticated, trend-focused, and less bothered about showing off.
Latin America’s economy will grow slower rather than a deep contraction
Latin America’s economy will grow slower rather than deep into a recession in 2023, according to ECLAC’s new projections. The region’s growth rate will decelerate to 1.7% in the year ahead and rebound to trend growth in 2024.
While the region’s largest economies, Brazil and Mexico, are expected to grow more than 1% in the year, the rest of the region will experience a slowdown. This will likely push the poverty rates in the region to more than 53 percent of the population.
As the region’s population grows older, a decline in working-age persons will reduce their capacity to support dependents. Improved productivity rates will help boost growth prospects. However, a lack of structural reforms will limit Latin America’s ability to attract foreign direct investment.
The increasing use of social media will also impact public pressure for more effective governance. In turn, this could drive more political instability. These developments threaten democratic values in the region.
As income inequality increases, it will fuel further political instability. This will likely continue to sustain migrant flows to the United States. Moreover, a lack of regional leadership could expose vulnerable countries to outside powers.
Meanwhile, violence in the region is driven by drug trafficking cartels and organized crime gangs. Governments’ increased reliance on the police and military decreases their capacity to combat these groups.
Increased unemployment and high inflation can lead to social unrest. The high inflation will also dampen private consumption. Consequently, the balance of risks to our outlook is tilted to the downside.
Despite the negative effects, the economic recovery in the region suggests a resilient future. A strong growth in service sectors should allow the region to surpass global growth in 2022.
The Super Bowl will be held at the University of Phoenix Stadium in Glendale, Arizona
It is only a matter of time before the Super Bowl returns to metro Phoenix. According to a recent announcement, Arizona will host the game in 2023. The NFL and city will begin negotiations on a contract. Once the deal is approved, it will be presented to owners for a vote.
The Super Bowl will be played at the University of Phoenix Stadium in Glendale, Arizona. The facility has already undergone a number of upgrades and renovations. A total of $100 million worth of renovations are set to be completed by 2023.
Earlier this year, the NFL announced that they would be bringing the Super Bowl back to metro Phoenix. That is good news for those who live in the area and the city’s economy.
The first Super Bowl in Arizona took place in 1996 at Sun Devil Stadium. This game saw the New England Patriots defeat the Seattle Seahawks in a close contest.
In 2007, the BCS National Championship game was played at the stadium. Since then, the stadium has been renamed University of Phoenix Stadium and is now the home of the NFL Cardinals.
As far as the actual game goes, the most exciting moment occurred during the fourth quarter. The Steelers pulled within three points, but a costly interception sealed the Cowboys’ third Super Bowl win in four years.
Another notable moment took place in the halftime show. Tom Petty and the Heartbreakers performed. Their performance was a 12-minute rendition of some of the most iconic songs of the 1970s and 80s.
The first Super Bowl in Arizona was not without its share of controversy. After the game, the Arizona Cardinals were eliminated from the playoffs.
The democratic recession in Central America is likely to continue
Latin America and the Caribbean are on a downturn. The worst recession in a century hit the region and many countries suffered a steep drop in growth. Despite the slow recovery, the political climate in the region has shifted to a more volatile environment.
Political polarization, increasing social volatility, and rising inequality are likely to threaten democratic values. As countries in the region confront these challenges, voters are likely to respond. In response, populist regimes will weaken pro-market policies and may rely on repression to maintain power.
The economic and political outlook for 2023 is not positive. Countries in the region will face a complex fiscal environment and are vulnerable to outside powers. However, some countries will be able to set a regional example of peaceful reforms.
Economic growth will slow in some countries, while others will see growth accelerate. In particular, the economies of Mexico, Central America, and the Caribbean will all grow at a modest pace. Moreover, Latin America is still on the edge of a global recession, which adds to the hardships faced by citizens.
High inflation will continue to exert pressure on households. Inflation is a key determinant of real income. It affects production costs and can undermine private consumption. Increasing input costs, supply chain disruptions, and higher commodity prices are expected to fuel inflationary pressures in the coming year.
Politically, Latin America is also facing rising political volatility. High levels of violence are driven by drug trafficking cartels and local armed groups. This will reduce governments’ ability to respond to social demands and investigate crimes.
Public debt levels will remain high in most countries. A lack of structural reforms and a lack of economic dynamism will hamper the ability of Latin America to attract foreign direct investment.
A partial solar eclipse is coming to North America on April 8, 2024
The Great North American Solar Eclipse will pass over the United States, Mexico, and Canada on April 8, 2024. This 124-mile-wide swath of land will be plunged into darkness, giving millions of people a chance to witness the awe-inspiring sight.
Although it will be a bit cloudy, the eclipse will be the largest of its kind in over two decades. That is due to the fact that it will be the first total solar eclipse to cross the United States in more than thirty years.
The path of totality for the Great North American Solar Eclipse will run from Texas to Maine. Some states that will be in the path include: Illinois, Kansas, New York, Oklahoma, Arkansas, and Tennessee. Several cities will be in the path of totality including: Carbondale, Missouri, Oswego, Watertown, and Cape Girardeau.
While the aforementioned sun-moon-mimosa lasted less than three minutes in 2017’s gimmick, the one scheduled for 2024 will be four minutes and nine seconds long.
As with other astronomical events, the magnitude of the total solar eclipse is a function of several factors. The best way to see it is to make sure you have a good pair of eclipse glasses and ISO/CE-certified safe solar viewers.
The best view of the total solar eclipse is going to be along the path of totality. However, if you are looking for a more intimate view, try visiting a small town in New York.
You can also look for an event at Yale University or the Strasenburgh Planentarium. These locations are in the heart of the totality path.
Of course, the best viewing will be at the center of the path of totality, which is about 70 miles wide. It will cover a variety of states and metro areas, such as the West Plains, Southeast Missouri, and the West.