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  • I'm Carl Jesus.

  • We're happy to have you watching CNN 10 Today Show starts with the debate Shoot.

  • America's college athletes Get paid.

  • This has been a controversy for awhile.

  • What's new this time around is that the state of California has just passed a law called the Fair Pay to Play Act.

  • It would allow college athletes to sign endorsement deals and earn money from their names or images.

  • The law doesn't take effect until 2023 which allows time for legal challenges to play out.

  • And it goes directly against rules set by the National Collegiate Athletic Association, the N C A.

  • A overseas student athletes from across the country.

  • It also organizes athletic programs for American and Canadian colleges, and the NC Double A brings in roughly a $1,000,000,000 per year in revenue.

  • But it's a not for profit organization.

  • It says it gives 96% of the money it takes in back to schools.

  • Still, the schools themselves profit from sports and the N.

  • C A A doesn't allow college players to sell autographs or make money off their YouTube channels.

  • California's new law would change that.

  • The state says that scholarships or free college attendance, which many top athletes receive doesn't count is pay.

  • But the NC double says that if California allows athletes to profit and other states don't, it'll remove equality in college sports and give California an unfair advantage in recruiting players from across America.

  • Critics also say the law will blur the line between pro sports, which pay and amateur sports, which don't.

  • California's governor says the only college students who can't profit off their own images are athletes.

  • What is this new law mean?

  • Well, starting 2023 college athletes in California will be able to profit from the use of their name, image and likeness.

  • That means star quarterbacks can make money from their jerseys.

  • College basketball stars consign shoe deals, and every college athlete could use their status to make money hosting camps or by doing ads on the says.

  • This law is unconstitutional and in a statement said, as a membership organization, the incidentally agrees changes are needed to continue to support student athletes.

  • But improvement needs to happen on a national level through the inside ablaze rules making process.

  • But Governor Newsome calls the incentive system ah, bankrupt model.

  • The makes more than a $1,000,000,000 in revenue each year.

  • But colleges and universities athletic programs bring in far more money outside of scholarships and stipend.

  • Student athletes don't see any of it.

  • Critics of the bill, which include the Pac 12 conference, contend there will be unintended consequences as a result of the law, like advantages for recruiting due to the current system.

  • The claims a patchwork approach will only create problems and confusion for the more than 1100 campuses in nearly half a 1,000,000 student athletes nationwide.

  • The incident has appointed a working committee to examine this issue, and it is expected to release its findings in October.

  • And while California is the first state to pass such a bill, several others could join them and allow student athletes to cash in off their name, image and likeness.

  • But the Devil A believes this will only make things worse, saying it is clear that a patchwork of different laws from different states will make unattainable the goal of providing a bear and level playing field.

  • Washington, Colorado, New York, Florida and South Carolina are in varying stages of exploring similar legislation.

  • The big question is what happens next what many experts think the law on subsequent deadline will force the boy's hand and that, if anything, it will result in making the organization put forward a national level solution of its own.

  • There's still a lot of time in many different scenarios that go play out between now and 2023 when the first college player would be eligible to cash a check.

  • Andy Scholes, CNN You Second trivia.

  • Which of these clothing retailers was founded the most recently, H and M Forever 21 Lane Bryant Zara.

  • When Forever 21 1st opened its doors in California, the year was 1984 and this week, Forever 21 announced it was closing the doors of his many as 350 stores worldwide, including 178 in the United States.

  • That's about 1/3 of the stores that operates in America.

  • The company has filed for bankruptcy.

  • This doesn't mean that Forever 21 has gone out of business.

  • People can still shop in the open stores and online.

  • But what it's trying to do is reorganize itself to cut costs and reduce debt so it could be a money making business once again.

  • Four years ago, Forever 21 made $4.4 billion in sales.

  • How did it go from that to bankruptcy?

  • Market analysts say.

  • Blame the Internet.

  • People are shopping Maur online, which strains the finances of companies that have hundreds of physical stores.

  • And though Forever 21 has a website, it's sales only account for 16% of Forever 20 ones revenue.

  • The company's closures are a small part of more than 8200 store closings that have been announced so far this year.

  • It's a new record, and it's happening at a time when the economy is strong, unemployment is low and people are still spending money.

  • They're just doing less of it.

  • It's shopping malls where so many of these stores air found.

  • One thing you might not have known about Forever 21 is that its original name was Fashion 21.

  • Its founder once told CNN that it's older.

  • Customers wanted to be 21 again, and it's younger ones.

  • Wanted to be 21 forever is any marketing expert will tell you branding is a major part of the business.

  • I do fight really hard just to keep my BlackBerry.

  • One of the executives asked me, Why are you confident this will work?

  • And my answer was because none of your large competitors would ever take BlackBerry, and the rest is history.

  • I'm David Plastic.

  • I'm the founder and president of Lexicon Branding.

  • Our company has come up with some of the world's most well recognized names.

  • So there's an area of linguistics called sound symbolism, which really says the individual letters of the alphabet.

  • The sound of those letters evoke certain qualities.

  • So Swiffer is a cleaning product.

  • We said, Well, what is the sound of cleaning products?

  • We describe things as sweeping and swiping mopping, So we started to mimic those sounds and you go from sweet to swipe.

  • That's not that attractive.

  • So then we put a Neff on there, and then it becomes swift.

  • Then we look a legal situations and trademark clutter, and we put an E on it and then finally removed with our stop cleaning starts, whispering.

  • They're five types of me.

  • There's really words.

  • The next block over would be really words that stem from Greek, Latin and Sanskrit.

  • Then there's compressions, like taking it word and shrinking it down Then there's constructed words and then finally, coin solutions.

  • The first thing we do is we try to understand what this story is.

  • We are as humans hardwired for story.

  • We don't have to describe it.

  • We don't have to tell people what the product is, but we do have to tell people Listen to us.

  • BlackBerries and Interesting Story.

  • They had tried for a number of weeks to develop Really what?

  • We're descriptive names with things like easy male and pro male.

  • They were rejected from trademark sampling.

  • We did some research.

  • What we noticed about email and messaging and texting was that people's blood pressure went up.

  • Let's create some names that decrease.

  • We started pursuing things that relax you.

  • Someone wrote Strawberry for summer.

  • Our head linguists, he wrote a little note saying, This is too slow, too long And underneath that he wrote BlackBerry.

  • Coca Cola's Dishonest Co.

  • Came to us under a lot of pressure that weren't in the bottled water business, so we were able to identify between Mexico and Canada over 900 brands of bottled water, most of them descriptive Poland Springs, Aqua FINA, things like that.

  • And so we had a tremendous trademark barrier to overcome because everyone is trying to be descriptive.

  • Let's create a coin solution.

  • We've put essay in the Latin root for health right in the middle of word, not in the beginning, because that would lead to sanitary and sanitation, things like that.

  • And then we built letters around that, and now it's dishonest, right?

  • So it's easy to pronounce, has a great pattern, ends with a nice, slim I because people drinking water want to be healthy.

  • We're all about being distinctive being memorable.

  • For Cade Level, a nine year old from Minnesota, it was just another five kilometer race until it wasn't a volunteer told him to go the wrong way, and the fourth grader soon found himself on a 10 k course surrounded by adults.

  • But he made up his mind to complete the race, And though his mother, who is waiting at the five K finish, was worried sick, her fear turned to pride.

  • When Cade not only finished the longer course, he actually won the 10 k race, his night keys to victory.

  • To be a champion, you gotta get Reebok to a six Puma making the best effort, Ms.

  • You know how, even if that means finding a new balance or having to sketch out a new route.

  • You gotta make a naughty dash for the finish, even when you don't feel like it.

  • I'm Carlos.

  • He's making conversation on CNN 10.

I'm Carl Jesus.

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