ShowBiz Minute: Affleck, Baldwin, Shakira

After Ben Affleck’s sobriety “slip,” Matt Damon says his longtime pal is “doing great”; Alec Baldwin sues man who accused him of parking spot rage; Shakira plans a Latin tribute at upcoming Super Bowl. (Nov. 6)

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Shakira plans Latino tribute at Super Bowl

Colombian superstar Shakira wants to use her upcoming Super Bowl performance to celebrate Latino culture in the U.S.. (Nov. 5)

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J-Lo wants to unite the U.S. at the Super Bowl

Jennifer Lopez reveals she would love to get an Oscar for her performance in “Hustlers” and says she’s going to use her Super Bowl halftime performance to try and bring America back together. (Oct. 28)

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Danai Gurira: ‘Fashion is my learning art form’

At the Tom Ford fashion show in New York, Danai Gurira discusses her styling, while former American football player Victor Cruz reveals what he thought of the Super Bowl. (Feb. 7)

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Brady raises trophy in Patriots parade, thousands line streets

Six-time Super Bowl champion Tom Brady raises the trophy during the New England Patriots victory parade in Boston. Thousands line the streets to celebrate the Patriots win over the Los Angeles Rams in the Super Bowl.

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Here’s the latest for Tuesday, February 5th: President Trump delivers State of the Union address tonight; Virginia Lt. Gov. Justin Fairfax denies sexual abuse allegations; General says Trump didn’t seek advice on Syria; Patriots celebrate Super Bowl win with a parade.

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Patriots fans celebrate sixth Super Bowl win

(5 Feb 2019) Tens of thousands of enthusiastic fans converge on Boston for a parade celebrating the New England Patriots’ sixth Super Bowl title. (Feb. 5)

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Super Bowl ads play it safe with humor, celebs

(5 Feb 2019) This year some of the Super Bowl ads that grabbed the greatest buzz relied on humor and sprinkled in celebrity using the product. Adweek writer Diana Pearl said brands tended to shy away from politics and bold statements. (Feb. 4)

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Neighbors describe fear as plane strikes house

(4 Feb 2019) Residents of a California neighborhood were preparing to watch the Super Bowl when they heard a huge explosion. They rushed outside to see that a plane had crashed into a home, setting it on fire. The crash killed five people. (Feb. 4)

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Artists respond to Kaepernick mural demolition

(4 Feb 2019) An Atlanta artist says a building with his mural of Colin Kaepernick was destroyed days before the Super Bowl, so eight more are being made. (Feb. 4)

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ShowBiz Minute: Maroon Five, Super Bowl, Glass

(4 Feb 2019) Maroon Five’s Super Bowl show criticized; Jamie Foxx, Gladys Knight attend the Super Bowl, ‘Glass’ tops box office. (Feb. 4)

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AP Top Stories February 4 A

(4 Feb 2019) Here’s the latest for Monday February 4th: Virginia Governor Northam under pressure to resign; Pope in UAE; Southern California plane crash kills 5; Patriots win Super Bowl.

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Adam Levine goes shirtless for Super Bowl

(4 Feb 2019) Adam Levine goes topless for art, Travis Scott and Big Boi make spectacular entrances to the Super Bowl halftime show. (Feb. 4)

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Rams’ fans in Los Angeles mourn Super Bowl loss

(4 Feb 2019) Fans of the NFL Los Angeles Rams watched in L.A. as their NFL team lost the Super Bowl to the New England Patriots in Atlanta, 13-3. Fans expressed sadness over the loss and optimism about the teams’ future. (Feb. 4)

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Patriots QB Tom Brady: ‘it feels great to win’

(4 Feb 2019) The Pats are Super Bowl champions for the sixth time following a 13-3 win over the Los Angeles Rams. (Feb. 4)

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Fans in Boston celebrate Super Bowl

(4 Feb 2019) Huge crowds of fans poured into the streets of Boston after the NFL New England Patriots beat the Los Angeles Rams 13-3 in the Super Bowl in Atlanta on Sunday night. (Feb. 4)

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Patriots fans celebrate another Super Bowl win

(4 Feb 2019) Despite the low-scoring game, New England Patriot fans celebrated in the streets of Atlanta after their team brought home a victory against the Los Angeles Rams. (Feb. 4)

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New Orleans holds Super Bowl ‘boycott parties’

(4 Feb 2019) New Orleans Saints fans marked Super Bowl Sunday with boycott parties after they say a “no-call” during the NFC Championship Game cost the team a chance to play at Super Bowl LIII. (Feb 3)

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Super Bowl fans tailgate for last minute tickets

(3 Feb 2019) Football fans can buy last-minute tickets to tonight’s Super Bowl game thorugh StubHub that still has thousands of tickets available. (Feb. 3)

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Fans try to predict tonight’s Super Bowl game

(3 Feb 2019) Hours before Super Bowl 53 kicks off in Atlanta, fans of both the New England Patriots and Los Angeles Rams are confident they’ll walk away victorious. (Feb. 3)

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Super Bowl: We asked Russians what they know – and the results were hilarious

On the eve of the Super Bowl, RT Sport asked Russians what they know about the NFL’s showpiece game – and the results were predictably hilarious.

RT LIVE https://www.youtube.com/watch?v=IFAcqaNzNSc

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#RT (Russia Today) is a global #news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.

Three fans keep Super Bowl streak alive

(1 Feb 2019) On Sunday, three men will sit down inside Mercedes Benz Stadium in Atlanta, continuing a streak that’s the envy of any sports fan. The trio will attend their 53rd Super Bowl – every one ever held. (Feb. 1)

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AP Top Stories February 1 P

(1 Feb 2019) Here’s the latest for Friday February 1st: US pulls out of INF Treaty with Russia; Sen. Cory Booker announces presidential bid; Strong quake rattles southern Mexico; Baby gorilla makes Super Bowl pick.

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Why Hosting The Super Bowl Isn’t Worth It

The NFL and host committees claim that the Super Bowl brings between $300 to $500 million to host cities. Economist Victor Matheson estimates the big game brings in between $30 to $130 million. The higher estimates encourage cities to continue to provide the NFL with tax subsidies to host the event and build new stadiums.

Following is a transcript of the video:

Narrator: The Super Bowl is America’s biggest annual sporting event. Each year, over 100 million TV viewers tune in for the big game, making the Super Bowl nine of the 10 most watched American TV programs of all time. And hosting it has become as American as watching it.

Many Super Bowl host committees believe that popularity can mean just one thing: big profit for the city. Committees and the NFL claim that the game can spur 300 to 500 million dollars of spending in a host city. For example, in 2018 Minnesota’s host committee reported that Super Bowl 52 brought in $450 million to its half of the Twin Cities. But sports economists, including Victor Matheson, are skeptical.

Matheson: “If someone claims, ‘Look, this event is three, four, five hundred million dollars,’ what an economist would say is: ‘Prove it.'”

Narrator: In fact, when Matheson crunched the numbers, he found that Super Bowl brings in between $30 and $130 million, a fraction of what the host committees and the NFL claim.

Here’s why hosting the Super Bowl isn’t as valuable as people think.So what does it cost to host a Super Bowl? Matheson contends that for some cities the cost starts with building a new stadium. Seven NFL stadiums were constructed from 2006 to 2017. And by 2019, each will have hosted a Super Bowl. And on average, taxpayers contribute $250 million for stadium construction.

Matheson: “They say, ‘Look, you build the stadium and we’ll bring you a Super Bowl.’ If the Super Bowl actually brings four or five hundred million dollars to the city, then, all of a sudden, handing over $500 million in taxpayer subsidy looks like a pretty good deal. Unfortunately, if the actual impact is a fraction of that, then, all of a sudden, taxpayers are on the hook for a huge stadium, and they’re not getting much in the way of help, at least from the Super Bowl, to pay that stadium off.”

Narrator: In addition to the stadium, which the NFL uses at no charge, there’s also the cost of hosting the event, like public transportation and police overtime. For example, in 2014, New Jersey gave the NFL an $8 million tax break, and NJ Transit ended up with $5.6 million of losses transporting fans to and from the Super Bowl.

But on top of that, the NFL requires additional expenses. Minneapolis’s Star Tribune published the NFL’s 153-page bid book that it obtained in 2014. The document lists millions of dollars worth of the NFL’s specifications and requirements for host cities. The list includes: parking spaces, hotel rooms, transportation, billboards, security, food, access to golf courses and bowling alleys, along with an exemption on paying city, state, and local tax.

Matheson: “That obviously means that a lot less money is sticking in the city. That’s all going back to NFL’s headquarters, and, at that point, the money does get shared. But again, it doesn’t get shared with local governments. It gets shared with the other 32 team owners.”

Narrator: These are high demands, and committees comply under the assumption that they’ll make the money back. But just how much of a profit are cities actually making? Well, it all depends on how you do the calculations.

Matheson found three differences for the disparity. The first is substitution effect, which is when consumers spend money on a sporting event, that they would have spent anyway. So it doesn’t increase the amount of money being spent. It rearranges the spending pattern.

The second is crowding out effect, which is when crowds associated with a sporting event displace regular spending. So if the Super Bowl fills every hotel that would normally be 80% occupied, the NFL is only accounting for the 20% increase.

And the final reason is leakage, which accounts for where the money ultimately ends up. Hotels usually increase prices by three or four times during the Super Bowl, but corporations and shareholders reap the benefits of the price increases, not the local workers.

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Why Hosting The Super Bowl Isn’t Worth It