In 2023, Brazil’s economy faced a significant challenge under President Luiz Inácio Lula da Silva’s administration. The country recorded a primary deficit of R$ 230.54 billion ($47.05 billion), the second-worst in its history since 1997. This deficit was only surpassed by the one in 2020, the initial year of the COVID-19 pandemic. This downturn, from […]
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Brazil’s Growing Household Debt Remains Below U.S. Ratios
The National Confederation of Trade in Goods, Services, and Tourism (CNC) reports an increase in Brazilian household debt from November to December 2023. However, there was a small decrease in the number of late payments. 2023 was the first year since 2019 to see a drop in yearly debt. Still, as the CNC’s Consumer Indebtedness […]
Orange Prices in Brazil Reach Historical High
In São Paulo, orange prices reached a historic high this March. Cepea reports the Pera variety selling for up to R$100 ($20) per 40.8 kg box in some areas. This price peak is unprecedented since Cepea began tracking orange prices in October 1994, even when adjusting for inflation. Cepea notes that this record surpasses previous […]
Why you might be asked to flash a smile instead of a ticket the next time you enter a sports stadium
Imagine going to a baseball game, and instead of showing your ticket, you just smile at a camera to gain entry. That’s what some fans are experiencing as they visit stadiums that have facial recognition technology. Facial recognition is becoming more popular in sports venues around the world, especially as the MLB playoffs are heating […]