• December 22, 2022

☕ Day trip

How facial recognition tech kept a lawyer from seeing the Rockettes…
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December 22, 2022 View Online | Sign Up | Shop 10% Off

Morning Brew

Braun

Good morning. Sending warm thoughts if you’re one of the ~200 million Americans under a winter weather advisory or warning as this powerful winter storm starts to bare its teeth. Forecasters expect high winds to knock out power near the Great Lakes and disrupt travel at major airports like Chicago O’Hare.

Want to know what’s coming your way? In Great Falls, Montana, the temperature dropped 24 degrees in 30 minutes.

Clearly Neal got it right when he ditched the rest of us and flew to Cabo yesterday…

Sam Klebanov, Matty Merritt, Jamie Wilde, Abby Rubenstein

MARKETS

Nasdaq

10,709.37

S&P

3,878.44

Dow

33,376.48

10-Year

3.673%

Bitcoin

$16,803.17

Nike

$115.78

*Stock data as of market close, cryptocurrency data as of 5:00am ET. Here’s what these numbers mean.

  • Markets: Stocks continued their comeback, ticking up for the second day in a row as Americans reported higher consumer confidence than anticipated. And the good news at Nike, which topped earnings expectations and said it was getting past its inventory problems, also helped boost other retail stocks.
 

GEPOLITICS

Mr. Zelensky goes to Washington

Zelensky and Biden talking next to a fireplace at the White House Brendan Smialowski/Getty Images

Ukrainian President Volodymyr Zelensky day-tripped to Washington, DC, yesterday for his first foreign visit since Russia’s invasion of Ukraine began. Zelensky skipped Georgetown Cupcake, but he did meet with President Biden and addressed Congress, thanking “every American” for their support.

Leaders hyping each other up and handshake photo ops are great, but why was Zelensky really in DC? Well, it’s quite simple: weapons. His trip is part of an effort to convince allies to supply the sophisticated weapons needed to fend off Russia’s intense attacks on Ukraine’s cities and its energy grid.

What Zelensky has and what he wants

Zelensky’s DC trip comes amid major Ukraine aid announcements from the US.

  • Biden said yesterday that the US will give Ukraine an additional $1.85 billion in aid. It includes a battery of the much-desired Patriot air defense missiles, which the US previously refused to supply, citing the extensive training needed to operate the system.
  • A massive spending package that Congress announced on Tuesday includes $45 billion in Ukraine aid through September of next year.

But Zelensky hopes that the visit will also help him snag commitments to provide Ukraine with powerful weapons like tanks, fighter jets, and longer-range artillery.

Not everyone wants to play host

While many US politicians on both sides of the aisle have been vocal in their support of Ukraine, some Republicans have questioned the amount of aid the US provides. Rep. Marjorie Taylor Greene mocked Zelensky’s visit and called him a “shadow president,” while Donald Trump Jr. referred to him as a “welfare queen.”

But if a minority is concerned about the cost of sending aid to Ukraine, there’s one segment of the US economy it has definitely helped: defense contracting. Weapons manufacturers like Lockheed Martin Corporation and Raytheon Technologies are receiving billions of dollars in military contracts aimed at arming Ukraine.—SK

        

TOGETHER WITH BRAUN

Don’t get confused for Santa

Braun

It’s that time of year again. There’s a nice chill in the air, a delicious hot chocolate in your cup, and…your friend’s kids calling you Santa?

That’s why you need the Braun Series 9 Pro Electric Shaver. With the world’s *first-ever* shaver charging case that gives you +50% battery for up to 6 weeks, you can now shave anytime, anywhere—even on your way home for the holidays (warning: just don’t shave and drive).

Whether you’re looking like you belong in a red suit or you left your old shaver at home, the Series 9 Pro will give you a nice, smooth shave, thanks to the 10,000 micro-vibrations it uses to capture more hair in every gentle glide.

Gift yourself a good groomer.

WORLD

Tour de headlines

Ex-FTX CEO Sam Bankman-Fried being escorted out of court in the Bahamas Joe Raedle/Getty Images

SBF’s associates are cooperating. In a major twist in the FTX saga, Carolyn Ellison and Gary Wang, two top lieutenants in Sam Bankman-Fried’s orbit, pleaded guilty to criminal fraud charges yesterday and are “cooperating” with authorities, US Attorney for the Southern District of New York Damian Williams said. These guilty pleas were announced while SBF was being extradited to the US from the Bahamas to face fraud and conspiracy charges in New York.

The WALL-E sequel just got too real. The InSight lander, a robot that spent the last four years on Mars taking photos and detecting 1,000+ marsquakes, finally died, NASA said yesterday. The solar panels that generate the electricity to keep it going had slowly gotten covered with Martian dust since it landed in November 2018. Scientists expected the little bot to only make it to summer 2022, but because of good weather on the planet, InSight got a few more months to work and sent the saddest farewell tweet you’ve ever read.

The DEA has seized a lot of Fentanyl. The Drug Enforcement Agency said it confiscated more than 379 million doses of the synthetic opioid this year—enough to kill every person in the US. The number of fentanyl-laced pills it seized was double that of last year, the DEA said, pinning the blame on two Mexican drug cartels for driving the influx. The powerful drug was involved in the deaths of more than 70,000 Americans in 2021, according to the CDC.

TRANSPORTATION

DC government says ‘This ride’s on us’

Cut up SmarTrip (DC public transit) card. Hannah Minn

There’s finally going to be a free activity in Washington, DC, that isn’t looking at a statue: riding the bus. The DC council voted Tuesday to waive the city’s two-dollar bus fares starting in July.

DC is joining a growing fare-free movement. In 2020, Los Angeles and Kansas City, MO, suspended bus fare collection, and KC’s zero-fare program has no planned end date. Politicians in NYC and several other cities are also trying to get your bus ride down to $0.

Fans of the newly passed measure in DC think fare-free rides may incentivize more people to take the bus instead of driving cars, speed up stops (since no one is swiping or tapping), give lower-income residents a break, and reduce confrontations between riders and law enforcement. One data point: KC officials say they have seen a 13% increase in ridership since they ditched fares.

The other side: Fare-free opponents argue that, among other things, scrapping fares takes money out of already cash-strapped transit systems and that the money used to cover riders (DC may spend $43 million for it in 2024) should go toward improving the sometimes unreliable systems instead.—MM

        

TECH

The Rockettes’ ‘Christmas Spectacular,’ with a sprinkle of ‘Minority Report’

Scanning audience faces Photo Illustration: Dianna “Mick” McDougall, Sources: Getty Images

A woman named Kelly Conlon told NBC that facial recognition tech cued security to escort her out of Radio City Music Hall last month, before she could see the Rockettes with her daughter’s Girl Scout troop. Conlon wasn’t identified by the biometric scanners as a security threat, but rather as a lawyer at a firm that’s involved in litigation against the venue’s owner, MSG Entertainment.

The company defended its use of the tech, saying it has a “straightforward policy” barring attorneys who work at adversarial firms from attending its events. Conlon’s not the first lawyer to be impacted by the policy, and there’s already an active suit from dozens of lawyers and firms trying to dismantle it.

But there may be a bigger issue here

MSG has been quietly analyzing its attendees’ buccal fat at venues like Madison Square Garden since at least 2018, scanning faces and comparing them to entries in a database. MSG’s pretty mum on exactly who they’re ID’ing, but it clearly goes beyond the FBI’s most wanted.

Zoom out: Privacy advocates are concerned that, unless everyone joins the Faceless Men, their biometric data is up for grabs—not just to kick out security threats and shoplifters (like Walmart’s tried in the past), but to target people with ads and much more.—JW

        

GRAB BAG

Key performance indicators

Farmland in Kansas Alex Potemkin/Getty Images

Stat: Got laid off from your tech job? Try switching from product management to produce management. The USDA expects farmers’ earnings to grow 14% this year from last year, largely thanks to how much the rest of us are paying at the grocery store. Meanwhile, farmland in the Midwest is also at a premium. Prices shot up 20% in the third quarter from a year earlier even as the residential real estate market sagged, marking the eleventh straight quarter of growth, per Bloomberg.

Quote: “I just did basic asset management. Citigroup was in the beginning of my career and Goldman Sachs. Nothing fancy, nothing super ooh-la-la.”

Incoming Rep. George Santos, a Republican from New York, played down what he did during his stint in investment banking in an interview with Bloomberg while running for office, but now it appears even that may have been overplaying it. The New York Times has reported that the soon-to-be Congressman likely fabricated most of his resume, including his employment at both banks. This is probably worse than that time you said you knew Photoshop. Besides his supposed time on Wall Street, the NYT says he may have invented his college experience and his work at a tax-exempt animal rescue. His lawyer, though, says the Times is “attempting to smear” the politician.

Read: The possible connection between startups and cat poop. (Insider)

WHAT ELSE IS BREWING

  • H&M pulled Justin Bieber merchandise from stores after the singer called it “trash” and said he never signed off on it (a claim the retailer denies).
  • Core Scientific, a publicly traded bitcoin mining company, has filed for bankruptcy as crypto prices have fallen and energy costs have soared.
  • Israel’s Benjamin Netanyahu said he has put together a coalition government, minutes before his deadline to form one.
  • These airlines are waiving change fees for travelers looking to rebook their holiday trips in light of the storm sweeping across the US.

BREW’S BETS

Dig it. The best archaeological finds of the year.

Top scientist admits “space telescope image” was actually chorizo: That’s just one of the most absurd headlines of 2022.

Want to get smarter in 2023? The Brew’s Business Essentials Accelerator will help you master the fundamentals of business through an eight-week virtual program. Applications are open for February 2023. Learn more and apply today.

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Bonus season: The end-of-year reviews are in, and experts deemed these credit cards the cream of the crop, with each receiving high marks for their stellar sign-up bonuses. See which five cards made the cut here.*

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*This is sponsored advertising content.

GAMES

The puzzle section

Brew Mini: If you’re tired of our holiday-themed crosswords, then…too bad. Here’s another one.

Three headlines and a lie

Three of these headlines are real and one is faker than a thank-you card for an unscented candle. Can you spot the odd one out?

  1. New study finds eating 12 olives a day could make you a better swimmer
  2. Spinach causing hallucinations sparks health warning
  3. Demand for lemons surges as Chinese seek immunity against Covid
  4. Deputy dressed as Grinch gives onions to speeding drivers

AROUND THE BREW

New year, new financial goals

New year, new financial goals

Now is the perfect time to get your finances in check. Check out Money with Katie’s weekly newsletter for all the tips and tricks you need to achieve your financial goals.

On Imposters, Alyson Stoner tells Alex how fame impacted her childhood and how her road to healing led to the creation of her business, Movement Genius.

Want to stay up to date on the latest tech developments? Emerging Tech Brew is your free guide to the world of tech.

Combatting holiday cyber threats? IT security managers can make their list and check it twice with IT Brew’s Guide.

ANSWER

We made up the one about eating olives making you a better swimmer.

         

Written by Neal Freyman, Jamie Wilde, Abigail Rubenstein, Matty Merritt, and Sam Klebanov

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