With the FIFA World Cup Qatar 2022TM just around the corner, the quadrennial questions are, once again, swirling around the event and its economic practicality in a developing country that had to spend billions of dollars to construct the required, large-capacity stadiums and corresponding necessities. Will the broadcasting profits and tourism and publicity boosts ultimately result in economic profitability for the country, or will Qatar never overcome its initial construction and bribery costs?
Despite the political backlash and uncertainty for the macroeconomy brought upon by their plan, the Biden Administration remains steadfast in its argument that it is a vital step for Americans in the ultimate goal of solving the student debt crisis. Moreover, they believe it to be an efficient and sustainable solution — they maintain that because of the high default rates for student loans, the actual cost of the debt forgiveness plan will be lower than the theoretical expectation; however, the specifics of that value have proven to be difficult to calculate.
Supported by reselling platforms such as StockX and GOAT, anyone with access to the Internet could resell sneakers and earn a significant profit. However, within the last year, profit margins for sneaker resellers have decreased across the board, a trend that has negatively affected the sneaker community and ultimately pushed away prospective sneakerheads from entering the resell game.
Blue economies provide a sustainable way forward for developing countries and island economies to formalize their institutions and industries. Seeing as Africa is in desperate need of ensuring its economic growth, a good blue economy framework would establish Africa as an international trade hub and help global supply chains.
Downward trends in enrollment have had a ripple effect at institutions across the country. As decreases in enrollment continue, schools are feeling pressure to keep tuition affordable. Although inflation has pushed up the prices of most goods and services, the necessity for more students has incentivized institutions to keep tuition prices relatively low.
A plethora of problems stemming from the COVID-19 pandemic have surfaced in America, leading the country towards an economic decline. These problems—including stagnating wages and a downward spiral in the production of goods—span across the board, affecting several sectors of the American economy. Together, they converge into the perfect storm, plaguing America with economic issues reminiscent of those of the 1970s.
The NIL (name, image, and likeness) rules of 2021 now offer college athletes a way to support themselves by getting paid for the use of their name, image, and likeness while staying in school and not choosing the route of professional sports. The NIL has transformed and will continue to transform how fringe NBA draft prospects view the draft and make decisions about their future. There will be ramifications for athletes, college sports programs, the NBA draft, and wealthy individuals who choose to fund NIL deals to support their favorite college team.