College football hits the big-time...
September 03, 2022 [View Online]( | [Sign Up]( | [Shop]( [Morning Brew]( TOGETHER WITH [The Ascent]( Good morning. We usually save conversation starters for the bottom of the Saturday newsletter, but since itâs a long weekend and you might want to start an argument among a large group of people, hereâs one prompt from Reddit: You get $1,000 per person you annoy. What is the fastest way you can become a billionaire? Here are a few ideas: - Remove the âunsubscribeâ button from every marketing email.
- Take out a billboard on the 405 with a list of major TV/movie characters who die at the end.
- Buy a Super Bowl ad and repeat the word âmoist.â Final note: There wonât be a newsletter Monday because we, too, have lives. See ya Tuesday. âNeal Freyman, Matty Merritt, Jamie Wilde, Max Knoblauch MARKETS Nasdaq 11,630.86 -1.31% S&P 3,924.26 -1.07% Dow 31,318.44 -1.07% 10-Year 3.200% -6.4 bps Bitcoin $19,892.02 +0.10% Lululemon $314.17 +6.70% *Stock data as of market close, cryptocurrency data as of 11:00pm ET. [Here's what these numbers mean.]( - Markets: Stocks [suffered]( their third weekly loss in a row because, despite Augustâs âGoldilocksâ jobs report, investors still believe the Fed will crank interest rates much higher at its next meeting. Bucking the gloom on Wall Street, Lululemon rose after its Thursday earnings report showed that high-income shoppers were still shelling out to make their butts look good.
- More on the jobs report: The economy added 315,000 jobs last month, about in line with expectations and a dip from July. That drop is good news for the Fed, which needs to see the labor market chill out before itâs able to wind down its interest rate hikes. The economy has now added jobs for 20 straight months. TOGETHER WITH THE ASCENT [All this cash back is making us crazy!!!](
[The Ascent]( Youâd go crazy too if you knew about all the cash back you could get with [this credit card](. How crazy is the cash back, you ask? Oh, just unlimited 2% cash rewards on your purchases with no activation required. And you wanna know what else is crazy?? You donât need to activate any categories before you start earning cash back with [this card](. Get ready to hear the craziest thing: This card has a 0% intro APR until nearly 2024 AND a $0 annual fee. If the sound of all these amazing perks is driving you crazy, donât fretâyou can [apply for this card right here](. Â Â Â SPORTS [Now in year No. 2, NIL continues to disrupt college football](
[Tennessee college football game](Icon Sportswire/Getty Images The college football season returns in full-swing todayâwhich many of you are well aware of, since youâre reading this at a tailgate with your phone in one hand and a beer in the other. As you enjoy your cold beverage, consider that this is the second season in which [name, image, and likeness (NIL) rules]( are in effect for college football, transforming the labor economics of this âamateurâ sport in name only. Quick recap: Last summer, the NCAA allowed college athletes to profit off of their celebrity for the first time. Player advocates believed this decision was long overdue, given athletesâ key role in a booming industry. - According to an ESPN [analysis]( a few years back, a college football coach was the highest paid public employee in 28 states. (In 12 others, a college basketball coach was.)
- The Big Ten conference just inked a TV deal thatâs worth more than $7 billion. So now that weâve entered the second college football season with NILâ¦what have we learned? - College football dominates other college sports. Football players will land nearly half of the estimated $1.14 billion in NIL money this upcoming year, according to NIL platform Opendorse.
- Some players have become millionaires. 12 college football players are valued at $1+ million entering this season, according to NIL platform On3. Alabama QB Bryce Young inked more than $1 million in NIL deals before he played a single game.
- âCollectivesâ are becoming a force. Boosters at many powerhouse schools have formed controversial [collectives]( that aim to funnel money into athletesâ pockets. At Texas Tech, the Matador Club collective is paying every football player and womenâs basketball player $25,000 a year in exchange for event appearances and community service.
- Itâs causing major recruiting drama. In the spring, Alabama head coach Nick Saban got into a brief tussle with Texas A&Mâs Jimbo Fisher by saying that A&M âbought every player on their teamâ with NIL deals. Looking aheadâ¦college football is about to get [even more big-time](. Yesterday, the College Football Playoffâs board of managers voted to expand the playoff from four teams to 12. The change could come as early as 2024.âNF    mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=Now%20in%20year%20No.%202%2C%20NIL%20continues%20to%20disrupt%20college%20football%3A%20https%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fstories%2Fnil-continues-to-disrupt-college-football%3Futm_campaign%3Dmb%26utm_medium%3Dnewsletter%26utm_source%3Dmorning_brew%0A%0AWant%20more%20great%20content%3F%20Subscribe%20to%20Daily%20Brew%20%E2%80%94%20Delivering%20the%20latest%20business%20news%20from%20Wall%20St.%20to%20Silicon%20Valley%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3Da905682a%26utm_source%3Demail_share%0A WORLD [Tour de headlines](#)
[Serena Williams]Elsa/Getty Images Serena Williams says goodbye to tennis. The superstar closed out one of the most impressive careers of a professional athlete ever after being [defeated]( in a marathon match by Ajla TomljanoviÄ at the US Open last night. Williams, who earlier signaled sheâd retire from the sport following the tournament, has said sheâs going to focus on her startup investments post-tennisâso this isnât the last weâll see of her in the Brew. G-7 plans price cap on Russian oil. The group of wealthy countries is moving ahead with a [unique solution]( to dent Russian oil revenue and stabilize energy markets: Itâs going to ban the insurance and financing of Russian oil shipments unless theyâre priced at a certain level or below (TBD: what that level is). Western countries believe this can work given their stranglehold over the maritime insurance marketâa London-based association insures more than 90% of the worldâs ships, per the WSJ. Meanwhile, Russia delays reopening a vital pipeline. Russiaâs energy giant, Gazprom, said the critical Nord Stream 1 pipeline to Europe [wouldnât reopen]( as planned, raising fresh concerns in Europe over scarce energy supplies. Russia had pledged to restart gas flows starting early Saturday after three days of maintenance, but yesterday Gazprom claimed it found an oil leak that would require the pipeline to be shut down indefinitely. EU leaders are skeptical of these maintenance problems, and accuse Russia of withholding gas as payback for Western sanctions. TECH [âArt is dead, dude,â says dude who won art competition by using AI](
[The AI-generated picture with the first place ribbon](Jason Allen âThéâtre Dâopéra Spatial,â pictured above, [won the top prize]( for digital art at the Colorado State Fairâs fine arts competition last week. Game designer Jason Allen created the piece in large part by using an artificially intelligent image generatorâand some human artists are big mad about it. How it was made: Allen created 900 image variations on the theme of âspace opera theaterâ by feeding a text prompt into AI image generator Midjourney. He then edited his favorite creations in Adobe Photoshop (like editing in a head Midjourney forgot), and sharpened the quality using another machine-learning tool before printing them out on canvas. One online skeptic said that Allenâs win is like âentering a marathon and driving a Lamborghini to the finish line.â But Allen argues that AI âis a tool, just like the paintbrush is a tool.â Fair spokesperson Olga Robak likened AI to photography, which âwas not considered an art form for a long time; people said it was just pushing a button.â Another critique of AI-generated art is that it constitutes plagiarism. Machine-learning tools, including Midjourney and [DALL-E 2](, rearrange elements scraped from millions of images across the webâmeaning each image they generate is an algorithmic soup of countless human artistsâ work. For their part, the competitionâs judges and even its third-place winner said they donât have a problem with Allenâs piece.âJW    mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=%E2%80%98Art%20is%20dead%2C%20dude%2C%E2%80%99%20says%20dude%20who%20won%20art%20competition%20by%20using%20AI%3A%20https%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fstories%2F2022%2F09%2F02%2Fai-generated-art-wins-art-competition%3Futm_campaign%3Dmb%26utm_medium%3Dnewsletter%26utm_source%3Dmorning_brew%0A%0AWant%20more%20great%20content%3F%20Subscribe%20to%20Daily%20Brew%20%E2%80%94%20Delivering%20the%20latest%20business%20news%20from%20Wall%20St.%20to%20Silicon%20Valley%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3Da905682a%26utm_source%3Demail_share%0A EDUCATION [10 pieces of school tech, ranked](
[Mechanical pencisl, TI-89, and original iMac](Photo Illustration: Dianna âMickâ McDougall, Sources: Apple, Amazon Considering so many of our Back to School Week stories were on the heavier side (the pandemic [setting learning back]( decades, [spanking]( coming back, etc.), we wanted to wrap up the series with something everyone can laugh about: all the techâsome useful, most ridiculousâthat we encountered at school. Letâs start with the biggest flop in classroom technology⦠10. iClicker Coming in dead last is the expensive hunk of plastic that every 2010s-era college freshman had to purchase to help track attendance and let students interact in a lecture without any hand-raising. The iClicker was invented at the University of Illinois in 2000 before spreading to the rest of the country like an invasive bug after Macmillan bought it five years later. The device cost anywhere from $40â$60, and while there were probably other uses for this gadget, it was mainly a tool for Intro to Geology professors to confirm you attended their 400-person lecture. 9. Hoodies with earbuds in them Finally, a way to listen to Seether during AP US History. Nothing looked more natural or felt more comfortable than having your hoodie strings shoved into your ears. These sweatshirts were usually sold at Kohlâs, and always seemed to be grandmaâs favorite gift. See the rest of the list [here](. GRAB BAG [Key performance indicators](#)
[Map of homes in the US saying "for sale" ]Francis Scialabba Stat: We never thought this day would come, but in August the average US home sold [below its asking price]( for the first time since March 2021, according to Redfin. The housing market has finally been softening as spiking mortgage rates spook would-be homebuyers. Quote: âWhere does one even buy a floppy disk these days?â Japanâs Digital Minister Taro Kono â[declared war](â on floppy disks, which, along with other outdated storage solutions like CDs and minidiscs, are still required for around 1,900 different government procedures. For all of the countryâs advances in cutting-edge tech, Japanâs government has remarkably antiquated IT systemsâin 2018, its cybersecurity chief acknowledged that heâd never used a computer. After heâs done vanquishing floppy disks, Kono said heâs coming for the fax machine. Read: Kids yell âpoopâ at Alexa, and these musicians profit. ([BuzzFeed News]() TOGETHER WITH CISCO
[Cisco]( Down, set, secure! When the NFL needed cybersecurity support for Super Bowl LVI, they turned to Cisco. Cisco helped the league design, implement, and operate end-to-end network security on game day and beyond. Learn more about the NFL partnershipâand how you, too, can get pro-level securityâ [right here](. Â Â Â CARTOON [Saturday sketch](#)
[Scene of a tailgate before a college football game]Max Knoblauch WHAT ELSE IS BREWING - [NASA]( is sounding confident as it prepares to launch its massive moon rocket today, its second attempt after scrubbing the first one on Monday. Todayâs launch in Florida could draw up to 400,000 spectators.
- [A judge]( unsealed a detailed list of items the FBI took during its search of former President Trumpâs Mar-a-Lago residence last month.
- [Most movie tickets]( across the US are $3 today to celebrate âNational Cinema Day.â
- [We jinxed it](: Tropical Storm Danielle has turned into the first hurricane in the Atlantic Ocean this season. This August was the first in 25 years that a named hurricane didnât form in the Atlantic. BREW'S BETS Labor Day weekend conversation starters: - [Is he good](?
- How The Big Bang Theory was [censored in China](.
- Was King Arthur a [real person](?
- [How long]( do animals sleep? Forget thought leadership: This is [how to win]( on LinkedIn. Mind your business: Morning Brewâs [Business Casual]( podcast, that is. Join journalist Nora Ali as she chats with creators, thinkers, and innovators about todayâs biggest and most significant business stories, what they mean, and why you should care. [Head here to listen to Business Casual](, sponsored by Real Vision.* *This is sponsored advertising content. GAMES [The puzzle section](#) Brew crossword: Sharpen your No. 2 pencils and head back to school with todayâs crossword. [Play it here](. Open House Welcome to Open House, the only newsletter section that smells like Cottage Breeze. Weâll give you a few facts about a listing, and you try to guess the price. [Former Estate of Yankee Candle founder]Surette Media Group Todayâs [compound]( is a 60-acre section of late Yankee Candle founder Michael Kittredge IIâs estate in Leverett, Massachusetts. Just like lighting a large jar of Autumn Nature Walk next to a three-wick Vanilla Cupcake, this property has too much going on. Amenities include: - 16 beds, 13 baths, 12 half-baths
- Nine-hole golf course (who doesnât love the smell of fresh cut grass?)
- Panopticon-style office How much for this home thatâs fun but doesnât really make muchâ¦scents? [Labor Day sale: everything 50% off](
[Labor Day sale: everything % off]( Working hard or hardly working? Makes no difference when youâre celebrating Labor Day weekend with some well-deserved relaxation. Take it easy and [shop our sale NOW for discounts starting at 50% off](! Check out more from the Brew: President Biden is canceling $10,000 of student debt, and people have a lot of opinions. We asked New Yorkers what they thought about it. [Watch here](. Start Q4 on a high note with the eight-week Business Essentials Accelerator, which is designed to level up your career while you maintain your 9-to-5. [Apply today with code BTS150 to get $150 off](! ANSWER $23 million Written by [Neal Freyman](, [Matty Merritt](, [Jamie Wilde](, and [Max Knoblauch]( Was this email forwarded to you? Sign up [here](. WANT MORE BREW? Industry news, with a sense of humor â - [Emerging Tech Brew](: AI, crypto, space, autonomous vehicles, and more
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