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Together with
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- - August 28, 2022 - | - View Online - | - Sign Up - | - Shop -
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- - Christian Blaza -
-IN THIS ISSUE
-- Break dancing is about to make the Olympics a lot - cooler -
-- The AI rapper no one wanted -
-- And chef Julia Turshen -
-
-
- - Daily Cash back. Every purchase. Every day. That’s what you - get with Apple Card. It’s this simple: Anytime you make a - purchase, you get up to 3% back—unlimited. -
-- We’re talkin’ - real cash back that can be used right away, with no expiration or loss in value. No extensive waiting, - no complicated points redemption, and absolutely - no fees - (not even the hidden kind). -
-- Grabbing coffee? Booking a plane ticket? Paying back a friend? - You can use your Daily Cash for all that, and literally - anything else. -
-- Apply for Apple Card today - and start snatchin’ up some serious cash back. -
-Terms apply.
-VIBE CHECK
-- “I would be bummed if I suddenly started existing somewhere I - wasn’t supposed to exist and everyone started killing me for - it.”—Catherine Bonner to the New York Times regarding the - ongoing Lanternfly War -
-- “You can break your back, on the giant slide. You can even - break your neck, on the giant slide. You can even bump your - head, on the giant slide.”—Gmac Cash rapping about the dangerous - giant slide - in Detroit -
-- “I look down at the face of my sleeping child and I vow: If - this baby’s life is even one particle easier than mine was, I - will burn this whole place down!”—Alexandra Petri in a satirical - Washington Post Op-Ed - regarding President Biden’s plan to cancel up to $20,000 in - student debt -
-GREAT DEBATE
-GROUP CHAT
-- - Illustration: Will Varner, Photo: Capitol Records -
-- Tech startup Sanas offers real-time accent removal for - businesses. On its - website, visitors can hear an Indian accent neutralized to be - nondescript, a literal - code switch. It “wants - to make the world sound whiter,” - SFGate - argued. Meanwhile, FN Meka—a virtual, slur-slinging rapper who - bears a striking resemblance to the deeply - controversial rapper - 6ix9ine—recently signed, and then quickly lost, a record deal - with Capitol Records. Both are AI-powered projects that have - been criticized as racist. -
-- “There’s a long history of technology reinforcing racism,” - Dylan Baker, a research engineer at the Distributed AI - Research (DAIR) Institute, told Morning Brew. -
-- Sanas raised over $37 million in funding, including a - $32 million Series A - round. The founders, who met as Stanford undergrads, had a - college friend who was harassed for his Central American accent - during his job in a call center. That’s not an unusual - experience: verbal - abuse and racism - are routine for workers in these jobs. But Sanas’s - pitch deck - isn’t just about protecting low-paid workers. It notes “accent - differences have a profound impact on customer satisfaction,” - but “nearshoring/reshoring” jobs can be more than twice as - expensive. (The 2018 dark comedy - Sorry to Bother You - predicted - the profitability of a white voice in call centers.) -
-- But hiding accents with AI presents a dilemma. “It - does sound like it would - reinforce the idea that call center workers are second-class - citizens who are only deserving of a harassment-free environment - if they sound appropriately white,” Baker said. -
-- While Sanas may seem like digital whiteface, FN Meka came under - fire for a different offense: - digital blackface. Created by “virtual label” - Factory New - in 2021, FN Meka is a green-haired virtual - rapper - whose lyrics are generated with AI, voiced by a Black artist who - claims - he was not paid for his work. -
-- Public criticism mounted after the announcement, especially for - FN Meka’s use of the N-word—his creators are not Black—and an - Instagram - post - making light of police brutality. The nonprofit advocacy - organization Industry Blackout called Capitol’s choice to - support an “amalgamation of gross stereotypes” a “direct insult - to the Black community” in an - open letter. Capitol Records apologized and severed ties with the digital - rapper. -
-- It doesn’t take an industry expert to recognize the - tone-deafness, but an expert might better explain - why it happened at all. - Andrew Barber, owner of media company Fake Shore Drive and - Grammy board member, thought FN Meka was a terrible idea from - the jump. But Barber predicts there are more AI-generated - artists to come, and his explanation isn’t limited to the music - industry. -
-- “FN Meka might be gone, but you better believe that companies - are looking for any way to cut corners to make more money with - less hassle,” he said. -
-
- Though AI is heralded as the tech of the future, right now it’s
- raising questions about exploitation and racism in the present.
- Who gets cut out for the sake of profitability? And who gets to
- make a profit?
-
- —Ashwin Rodrigues -
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-
SUNDAY FUNDAY
-LONG READ
-- - Christian Blaza -
-- The Olympics may never be the same. Not that they ever are, - given its historic flux. The pandemic-delayed 2020 Olympics in - Tokyo added five sports: baseball and softball, karate, - skateboarding, sports climbing, and surfing. The upcoming 2024 - Games in Paris have already done away with karate and - baseball/softball. Only one addition was made—breaking, a sport - better known by its pop bastardization: breakdancing. -
-- It will debut in Paris not on a mat in a gym, but on a - high-production dance floor with the Eiffel Tower as a backdrop. - This won’t just be the Olympic debut of a sport. It will be the - Olympic debut of a spectacle. -
-- Breaking’s inclusion is the latest twist in the long, fluxed-up - history of the Olympics. Badminton is an Olympic sport, but - squash is not. Archery? Sure. Darts? Nah. Curling is in. But not - bowling. For all its put-upon, carved-in-stone institutionalism, - the Olympics can be nonsensically mercurial. Breaking’s debut - will push Olympic eccentricity to its limits. -
-- Ironically, alongside Olympic expansion is its crisis of - contraction. The Olympics as a television program is in ratings - freefall: NBC, which held the American broadcasting rights for - the 2020 Tokyo Olympics, said that the games averaged 15.6 - million prime-time viewers per night, the lowest of any Olympics - in a generation—Summer or Winter—and almost a 50 percent drop - from the 2016 Rio Games. Night by night, Tokyo saw the nine - smallest prime-time audiences since 1992. -
-- And that audience is increasingly older (the median age of - viewers for the 2020 Games was 58). That milquetoast appeal is - reflected in the IOC’s top-tier sponsors, which included - Allianz, Bridgestone, Deloitte, Intel, Omega, Procter & - Gamble, Toyota, and Visa. All brands that scream middle-aged - dad. -
-- Plus, the Olympics isn’t exactly following socially conscious - trends. A scathing 2021 - analysis - of Olympic sustainability found an overall ecological, economic, - and social sustainability score of 48 on a scale of 100 across - 16 Summer and Winter Games, with a marked decrease in the - sustainability of the Games over time (it’s part of why - youth-led campaigns to keep the Olympics out of their cities - have gained traction). “Olympic Games from 1992 to 2008 have a - mean sustainability score of 53 points, whereas those since - Vancouver 2010 stand at only 39 points,” the analysis found. -
-- This is the graying, grim landscape into which breaking—an - intrinsically cool sport for which - a 2012 semifinal has 93 million views on YouTube—will debut. It’s shepherded by Shawn Tay, the president of the - World DanceSport Federation (WDSF). Tay, who is 65 and lives in - Singapore, retired from ballroom dancing in 1994. He isn’t the - obvious cultural ambassador for breaking’s Olympic moment, but - the WDSF has been speaking the IOC’s language for decades. -
-- The WDSF courted IOC power players and commissioned a PwC - assessment on the sport’s marketing prospects. Now the - organization is in charge of overseeing the qualification - process that will winnow 80 athletes from around the world down - to 32 Olympic breaking opportunities (an equal number for men - and women) in Paris. -
-- Tay compared his task to running a restaurant despite not - knowing how to cook. “I will not be the one doing the cooking. - But I’m doing the management,” he told Morning Brew. “And I’m - helping the chef understand how a restaurant works—with - discipline, timetables, and an approach of how to bring ideas to - market.” -
-- “A new generation of people can no longer watch a sport that - goes up and down, up and down, in circles,” he said. “Spectators - want to be stimulated. They want to feel that their bodies are - reacting to what they’re seeing. People want more excitement. In - the internet era, nobody sits and reads the newspaper for hours. - They want quick information. It’s the same thing in sports: They - want something quick. Breaking has that quality.” - Continue reading this story on breaking’s Olympic dreams - by Richard Morgan. -
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Q&A
-- - photo: Melina Hammer -
-- Julia Turshen is a chef and New York Times best-selling cookbook - writer. Her latest cookbook, - Simpy Julia, - rethinks comfort food through a healthy lens (hello, lemon - ricotta cupcakes). It was picked up by Vice President Kamala - Harris when she visited an indie bookstore in Rhode Island (she - joked that she thought it was a Julia Child book). When she’s - not writing or thinking of new recipes, Turshen talks about food - on her podcast, - Keep Calm & Cook On. - Need a Sunday night dinner upgrade? Sign up for Turshen’s - online cooking classes - every Sunday afternoon, where you can learn how to make rosemary - gin spritzers and sesame chicken schnitzel. -
-- What’s the best advice you ever received? -
-- On a practical note, the best advice I’ve received as a lifelong - freelancer is to think of every dollar I earn as fifty cents and - to open a separate savings account and put half of every check I - receive into it so I’m set for taxes and any other unexpected - work expenses. -
-- On a more emotional note, the best advice I’ve ever received is - to ask for forgiveness, not permission. -
-- What’s the most embarrassing song you’ll admit to liking - publicly? -
-- I have no shame about anything I like! But I guess the first to - come to mind for this question is “Lean on Me,” which my spouse, - Grace, says I sing very frequently... -
-- What fictional person do you wish were real? -
-- As someone who has gotten into powerlifting in the last few - months, I would have to say - Luisa Madrigal - from Encanto. -
-- What real person do you wish were fictional? -
-Mitch McConnell.
-- How would you explain TikTok to your - great-grandparents? -
-- An infinite number of miniature home movies that you can watch - on a handheld device. -
-- What always makes you laugh? -
-- All of our pets, but especially our dog Winky, who is - particularly comical. -
-- If you were given a billboard in Times Square, what would you - put on it? -
-- Diet culture sucks. You are loveable. -
-- —Interview by Sherry Qin -
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- - How do you say…sweet deal! You could be speaking a new language in just 21 days with - your Babbel subscription (now up to 55% off for a limited - time). With bite-sized, 10-minute language lessons from - Babbel, users report being able to have a basic conversation - after just 3 weeks of daily practice. - Save up to 55% on your subscription here. -
-BREW'S BEST
-- The future of drunk texting is here: Another brain-computer interface company became the first to - implant their device into a patient in the US. Synchron beat - Elon Musk’s Neuralink (among others) to implant chips into - patients’ brains. Those implants allowed them to control digital - devices via brain signals to help them text, shop, and more with - no reported serious adverse effects after 12 months. [Emerging Tech Brew] -
-- Kaboom cats: Nora chats with Elan Lee, game designer and the co-founder and - CEO of Exploding Kittens, a card game that became the - most-backed project in Kickstarter history and has since sold - over 11 million copies. Lee talks about how he and his - co-founder turned a single piece of intellectual property into a - multiplatform brand. [Business Casual] -
-- Invisible finger syndrome: Be careful putting your phone face down on a table anywhere - near the University of Florida. Researchers have developed a way - to make screen-clicks on your phone through a table using - electromagnetic interference from an antenna to mimic a touch - from a finger. Maybe pick a password more complicated than - 1-2-3-4! [IT Brew] -
-- Don’t listen to Mark Zuckerberg (ever). - Don’t move fast and break things. The MFABT ethos epitomized - Facebook in the early days, and was a way to justify taking big, - audacious swings regardless of collateral damage, which meant - it…broke a lot of things. And when it comes to protecting your - company’s assets, moving fast and breaking things is a really, - really bad idea, experts say. [CFO Brew] -
-- The best thing we read this week: The iconoclastic film studio A24 has bred superfans, dropped - swag, and perfected a unique house style. It’s also teetering on - the verge of self-parody, and New York Magazine’s in-depth look - at the studio explains the hows and whys. Read it and then watch - Bodies, Bodies, Bodies - anyway. [New York Magazine] -
-- Achieve thicker, fuller hair: Meet - Revela, the only non-Rx brand that helps you tackle hair loss at the - root. It shows results up to 4x faster than traditional - solutions. - Learn more.* -
-- *This is sponsored advertising content. -
-THE END
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- Written by - Rohan Anthony, - Stassa Edwards, - Amanda Hoover, - Sherry Qin, - Ashwin Rodrigues, and - Holly Van Leuven - -
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TOGETHER WITH
+
+ Good morning. Apple’s iOS 16 dropped for iPhone users yesterday, and once you download the software update you’ll be able to edit an iMessage within 15 minutes of sending it and delete one within two minutes. While that may be useful for most people, the only text we’ve ever regretted sending was, “Sure I’ll go to your friend’s improv show.”
+—Max Knoblauch, Abby Rubenstein, Matty Merritt
+Nasdaq
+12,266.41
++1.27%
+S&P
+4,110.41
++1.06%
+Dow
+32,381.34
++0.71%
+10-Year
+3.358%
++4.3 bps
+Bitcoin
+$22,311.05
++3.05%
+Apple
+$163.43
++3.85%
+*Stock data as of market close, cryptocurrency data as of 11:00pm ET. Here's what these numbers mean.
+
+ Stefan Puchner/Getty Images
+ The fraud trial of Trevor Milton, the founder and former CEO of electric truck company Nikola Motors, began yesterday with jury selection. Milton, who pleaded not guilty in the case, stands accused of lying about his company’s progress in developing electric vehicles, leading to huge losses for investors.
+The case—a shoo-in for Hulu’s next ripped-from-the-headlines original that everyone at work except you is watching—is seen as a cautionary tale of buying into the hype around companies before they deliver a single product.
+So how did Nikola go from the third-largest auto company in the US in 2020 with a $33 billion market value to just a $2.3 billion market value as of yesterday with an indicted founder?
+Milton founded Nikola in 2015, capitalizing on investor fervor around EVs, particularly those made by Elon Musk’s Tesla. In June 2020, the company went public via a SPAC. Prosecutors claim that Milton misled investors by making false claims about Nikola’s ability to produce hydrogen and by releasing a now-infamous promotional video that showed a moving Nikola truck (not disclosed: the truck was merely rolling downhill in neutral).
+Beyond simply drumming up name association with retail investor darling Tesla, Milton also deliberately targeted less knowledgeable investors by promoting Nikola’s stock on social media and in interviews, prosecutors allege.
+And those retail investors ultimately bore the brunt of Nikola’s losses when its stock dropped 40% following Milton’s resignation in September 2020, days after an activist short seller published a scathing report calling the company an “intricate fraud built on dozens of lies.”
+In December, Nikola agreed to pay a $125 million penalty to settle an SEC fraud investigation. The company, which is still around and has begun production on a battery-powered semi-truck model, reported a net loss of $173 million in the second quarter.
+Before stepping down, Milton purchased a $32.5 million Utah ranch and a jet, and since his resignation, he has sold more than $300 million in company stock. The main charge against him carries a maximum sentence of 25 years, though he’s likely to see much less time, if he’s even convicted.—MK
+In our current economic state, there’s a lot of attention on money—how much it’s worth, how much we pay in interest, inflation, the list goes on.
+And if all that news has stirred up questions like, “Am I doing the right things with my money so that I can get the most out of life?” Facet can help.
+Their CERTIFIED FINANCIAL PLANNER™ professionals work with you 1:1 for an affordable fixed fee to answer questions about your entire financial life, not just basic money management. Plus, their proprietary tech helps you get the full picture of where you’re at financially and where you’re going.
+Brew readers get 2 free* months in their first year of financial planning. Sign up here.
+ +
+ Mandel Ngan/Getty Images
+
Biden goes for a “moonshot” on cancer. Referencing JFK’s famous speech on its 60th anniversary, President Biden said yesterday he’s laying out his “moonshot” for eradicating cancer. The plan involves a new department focused on health and biomedical research, executive orders beefing up domestic biomanufacturing, and a government group called the “Cancer Cabinet.” In hopeful news that might help move things along, drugmaker Amgen reported its new cancer drug was more effective in some areas than chemo for late-stage lung cancer patients.
Goldman Sachs to lay off hundreds. The bank plans to reinstate annual employee culls, which it had suspended during the pandemic, and may start cutting jobs as soon as next week. Typically, Goldman targets between 1% and 5% of its workforce for layoffs each year, and this round is expected to be at the lower end of the spectrum (current headcount: 47,000). The expected layoffs come after Goldman’s profits fell by nearly half in the second quarter compared to the year before as deal-making slowed.
15,000 nurses walked off the job in Minnesota. The nurses involved in the largest-ever private sector nursing strike in the US plan to stay out for three days to demand fixes for understaffing, as well as higher pay. Though this strike targets 13 hospitals in the Minneapolis–St. Paul area, facilities across the country had trouble finding enough nurses even before the pandemic. Unions in at least two other states have also authorized work stoppages in the past month.
+ Jon Lovette/Getty Images
+ US News & World Report released its yearly ranking of the best colleges in the country yesterday. But this year’s list comes amid a growing number of complaints about how the scores that mean a lot to wide-eyed future loan borrowers (and the administrators who will eventually ask them for money) are calculated.
+Besides controversial criteria like incoming students’ SAT scores and the level of alumni donations, one of the main problems critics have with the list is that it attributes 20% of its ranking formula to what amounts to basically a popularity contest. US News sends a yearly survey to college admins asking them to rate other schools’ “academic quality.”
+Even Education Secretary Miguel Cardona, although not referring to the US News list directly, said last month that college rankings that value reputation above things like economic mobility are “a joke.”
+There’s even more drama this year…Columbia University dropped from No. 2 to No. 18 because it didn’t submit any data while it investigated a math professor’s claims that the school might be fudging some numbers. On Friday, the university admitted to the fudging.
+Final fun fact: 19 of the top 20 schools on this year’s list cost + $55,000+ per year to attend.—MM
+
+ Zhang Peng/Getty Images
+ The Starbucks customer loyalty program inspires more devotion than the Mocha Joe’s punch card that always gets lost in your wallet. Now the coffee chain is trying to spark even more loyalty by taking its app-based program to the next technological level with NFTs.
+The company unveiled its Starbucks Odyssey program yesterday, a platform using Polygon, an Ethereum network, that coffee drinkers can log into with their existing program credentials to play games or take challenges to earn non-fungible tokens. They’ll also be available for purchase via credit card, no crypto necessary.
+These NFTs, called “journey stamps,” will unlock rewards for users that go beyond the typical free coffee, like events or trips.
+Customers can join a waitlist now, but only time will tell whether people will be clambering for coffee-themed digital art. The project is a relatively recent one—an exec told TechCrunch it’s only been in the works for six months, but in that time the market for NFTs has changed drastically. Trading volume at OpenSea, the most popular NFT marketplace, plunged 99% from early May to late August, per Fortune.
+Zoom out: The Web3 push is one of many big changes coming to Starbucks. A new leader will succeed interim CEO Howard Schultz, but not before Schultz lays out a new strategy at today’s investor day that’s aimed at boosting efficiency.—AR
+
+ Francis Scialabba
+ Stat: People spend 17.6 million hours a day watching Instagram Reels, just a fraction of the 197.8 million hours users waste daily on TikTok, according to an internal Meta document viewed by the Wall Street Journal. While Reels might seem inescapable in your feed, engagement is trending down, dropping 13.6% in August from the month before, the document showed.
+Quote: “Nothing can justify the persistence of this fundamental abuse of human rights.”
+The director-general of the UN’s labor standards agency yesterday called for an “all-hands-on-deck approach” to combating modern slavery after releasing a report that found 50 million people were living in modern slavery—28 million in forced labor and 22 million in forced marriages in 2021. That’s 10 million more than in 2016.
+Read: Johnson & Johnson and a new war on consumer protection. (The New Yorker)
+Taking back texts: A complete guide to Apple’s new operating system, which lets you personalize your lock screen and a lot more.
+Sleight of hand: Watch the reigning world champion of card magic (a real title) do his thing.
+Interesting pod alert: After years on a personal odyssey, journalist Lauren Ober found out she was autistic. The Loudest Girl in the World shares Lauren’s journey once she was diagnosed. Listen now.
+Just like ⌘C, ⌘V: With CopyTrader,™ eToro’s most popular feature, you can automatically copy the moves of real investors in real time. No more second-guessing your crypto decisions. Get started today.*
++ *This is sponsored advertising content. +
+Brew Mini: If you know what kind of car James Bond drives, you’re more than 10% of the way to completing today’s Mini. Solve it here.
+There’s nothing cringier than a movie tagline. We’ll give you the tagline for a film, and you have to name the film.
+
+
+ Saving at any point can be a challenge. Saving during an economic downturn? Mission impossible. But Anish Mitra uses his knowledge from 10 years on Wall Street to teach you how saving amid slowing economic growth doesn't have to be difficult. Watch here.
+Check out more from the Brew: +
+
On Business Casual: Nora chats with Alex Ma, the CEO and co-founder of Poparazzi, an app that allows you to build your friends’ profile pages instead of your own. Listen or watch here.
Ready to jumpstart your career but don’t know where to start? We’ve got you covered. Take our short quiz and find out which Morning Brew Accelerator is right for you.
1. Cinderella
+2. Office Space
+3. The Social Network
+4. The 40-Year-Old Virgin
+5. My Cousin Vinny
++ ✢ A Note From Facet Wealth +
+Facet Wealth is an SEC Registered Investment Advisor headquartered in Baltimore, Maryland. This is not an offer to sell securities or the solicitation of an offer to purchase securities. This is not investment, financial, legal, or tax advice.
+*Two months free offer is only valid for an annual fee paid at the time of signing.
+Written by Abigail Rubenstein, Max Knoblauch, and Matty Merritt
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View our privacy policy here.
Copyright © 2022 Morning Brew. All rights reserved.
22 W 19th St, 4th Floor, New York, NY 10011
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