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On Feb. 27, the day prior to the military engagement between the United States, Israel, and Iran, the American economy appeared to be on a stable path toward reduced inflation and increased purchasing power. Fuel prices were low and interest rates were trending downward.

In a direct and candid farewell address, U.N. Secretary-General Antonio Guterres challenged world leaders on Tuesday to confront the defining dilemma of our era: Will the international community continue down a path of fragmentation, or will it unite to address existential threats like the climate crisis, unchecked artificial intelligence, and widening inequality?