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The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control—and the U.S. may have to accept it

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How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall

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The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner

1

The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control—and the U.S. may have to accept it

2

How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall

3

The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner
Broadsheet

The Broadsheet: June 18

Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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June 18, 2015, 7:38 AM ET
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Good morning, Broadsheet readers! A woman is coming to the $10 bill, CEO dads talk about coping with paternity leave, and a comment about Nutella kicks off an international hubbub. Plus: Fortune’s Pattie Sellers shares touching insights from a 13-year-old philanthropist. Have a great Thursday.

EVERYONE'S TALKING

• On the money! The U.S. Treasury has announced that it plans to put a woman on the new $10 bill, which is expected to be released in 2020. Treasury Secretary Jack Lew says the department hasn't yet decided who that woman will be, but will gather public input on the design this summer. Time

ALSO IN THE HEADLINES

• The big payback. A new ruling suggests that Ellen Pao will likely have to pay more than $275,000 to cover the legal expenses of her former employer, VC firm Kleiner Perkins. KP incurred the costs while successfully defending itself against Pao's gender bias lawsuit. Fortune

• This kid scores. Fortune's Pattie Sellers writes about how Golden State Warriors star—and 2015 NBA champion—Steph Curry inspired 13-year-old Cooper Smith, the son of Stanford Professor Jennifer Aaker, to become a philanthropist. Fortune

• Our bodies, ourselves. A growing number of women are posting about "taboo" topics, such as menstruation and breastfeeding, on social media. This Jenna Wortham essay speculates that such posts help "normalize, desexualize and destigmatize women’s reproductive health." New York Times

• CEOs on dad duty. Yes, it is possible to be a CEO and still take paternity leave. Fortune talks to some executive dads who took—or plan to take—their time off and looks at how they make it work. Fortune

• An education idol. Educate Girls, a nonprofit founded by Safeena Husain, has brought 80,000 girls into schools in some of India’s poorest communities—and helped keep them there, with a stunning 95% retention rate. WSJ

• A nutty idea? Ségolène Royal, France's ecology minister, wants us to stop eating Nutella, the delicious—but apparently environmentally problematic—Italian chocolate spread. Not surprisingly, her Italian counterpart is none too pleased with this idea. Fortune

MOVERS AND SHAKERS: Maelle Gavet, former CEO of Russian ecommerce giant Ozon, is joining Priceline as EVP of global operations. Microsoft's head of phones, Jo Harlow, is one of many senior executives leaving the company, as part of a reorganization.

IN CASE YOU MISSED IT

• Battling Barbie. Could a realistic-looking doll ever bump Barbie off the top of the toy heap? Fortune takes a look at the contenders and sizes up their chances of racking up mainstream sales. Fortune

• Yellen pumps the brakes. In a much anticipated news conference, the Federal Reserve disclosed that it plans to raise interest rates later this year, but that the hike will be less steep than expected.   WSJ

• Protect and serve. This profile of Thulisile Madonsela, South Africa’s first public protector, examines her daunting task of rooting out corruption and protecting democracy.   New York Times

• Leading lady lucre. Jennifer Lawrence will make $20 million on sci-fi movie Passengers, while her co-star Chris Pratt, fresh off Jurassic World's record-breaking weekend, will make $12 million.  Mic

• Off the bench. Alex Morgan made her first World Cup start ever in Tuesday's USA 1-0 win over Nigeria, after finally getting healthy enough to play serious minutes. And the star forward is breathing new life into her team's offense.   USA Today

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ON MY RADAR

How to give Dad a sweet and boozy Father's Day (with chocolate)  Fortune

Here's what it's like to take "female Viagra"  Time

Maker culture has infiltrated Hollywood—but where are the girls?  Quartz

From Chanel to Elie Tahari: Fashion greats embroiled in controversies  Fortune

Meet the woman helping Gamergate victims come out of the shadows  Time

QUOTE

T’was ever thus. We all sat there watching James Bond, as James Bond got more and more geriatric, and these girlfriends got younger and younger. So annoying.

Ever-quotable actress Helen Mirren on Hollywood ageism
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By Kristen Bellstrom
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