In response to the British vote to leave the European Union, the American stock markets have moved more than they have in response to any presidential election over the past 60 years.
.. Election-eve prediction markets had suggested around a one-in-six chance that Britain would leave.
.. And that conventional wisdom seems to be that Britain’s exit from the European Union will lead to economic disruption that will echo across the Atlantic.
The N.C.A.A.’s Feeble Reform Impulse
I know there are those who complain that all these changes will allow the rich in college sports to become richer, at the expense of all the other schools in Division I. To which I say: so what.
In fact, I think that could potentially be a good thing. If you separate off the 65 schools in the Big 5 conferences — plus a few others like Boise State in football and the University of Connecticut in basketball — and allow their athletic departments to become ever richer and more powerful, they will be more easily seen for what they are: a form of professionalized and commercialized entertainment that has very little to do with higher education. They are the ones that can afford to put money in trust for players — and that is what is likely to happen.