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1

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

2

Meet the 33-year-old CEO betting on boomers chasing their grandkids—and millennials selling their first house

3

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

1

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

2

Meet the 33-year-old CEO betting on boomers chasing their grandkids—and millennials selling their first house

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: December 1st

Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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December 1, 2015, 7:33 AM ET
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Good morning, Broadsheet readers! Hillary Clinton plans to pour billions into infrastructure, Christine Lagarde makes a powerful friend, and the new Pirelli calendar redefines “pinup” with some help from Amy Schumer. Plus, the Fortune MPW Next Gen Summit kicks off in San Francisco—and you can catch all the action live. Have a terrific Tuesday.

EVERYONE'S TALKING

• Meet the Next Gen. The Fortune Most Powerful Women team convenes in San Francisco today and tomorrow for our second annual MPW Next Gen Summit, and you're invited. The livestream kicks off at 5:10 PM Pacific Time on Fortune.com. Tune in to see speakers including U.S. Soccer phenom Abby Wambach, actress/entrepreneur Alyssa Milano, 23andme founder and CEO Anne Wojcicki, and her sister, YouTube CEO Susan Wojcicki.  Fortune

ALSO IN THE HEADLINES

• Roads paved in gold? Hillary Clinton announced a $275 billion plan to invest in America's infrastructure, calling the hefty price tag "a downpayment on our future." Fortune

• Where's Warren? In more Clinton news, 13 female Democratic senators appeared at a fundraiser yesterday to support her presidential bid. A no-show was Sen. Elizabeth Warren (D-MA), who has not endorsed Clinton and serves as a reminder of the lack of support she has garnered from her party's liberal wing. Washington Post

• China's new buddy. Christine Lagarde, head of the International Monetary Fund, announced that the IMF will add the yuan to its basket of reserve currencies, a move that symbolizes the growing importance of the Chinese economy. Some speculate that this boosts Lagarde’s chances of being reelected to her IMF post, since it puts China, which has a key vote, squarely in her corner. Bloomberg

• Careers vs. kids? As women become more educated and financially independent, fertility rates tend to sink—which can lead to economic problems. This story looks at how some countries are trying to resolve that tension, and introduces six teenage girls from across the globe, who talk about their plans to balance work, education and families.  WSJ

• The new pinups. In previous years, the Pirelli calendar, an "arty soft-core ode to pinups" produced by an Italian tire company, has featured photos of Gisele Bündchen and a completely naked Kate Moss. So it's refreshing—and hopefully significant—to see that this year's calendar includes comedian Amy Schumer, author Fran Lebowitz, Ariel Investments president Mellody Hobson, and 77-year-old Agnes Gund, president emerita of the Museum of Modern Art. New York Times

• MOVERS & SHAKERS: Venture capitalist Ellie Wheeler has been promoted to partner at Greycroft Partners.

IN CASE YOU MISSED IT

• Say what? Is presidential candidate Carly Fiorina fudging the facts of this past weekend's fatal shooting at a Colorado Springs Planned Parenthood, in order to give her pro-life allies cover?  Refinery29

• SMS sadness. Emily Trunko, a 15-year-old from Ohio, is the creator of The Last Message Received Tumblr, which compiles thousands of letters and text messages that share a heartbreaking common thread: None received a response. New York Times

• Barbie on the big screen. Reese Witherspoon and Bruna Papandrea are developing a movie about the origins of the Barbie doll, in which Witherspoon may star. The pair optioned Robin Gerber’s book about Ruth Handler, who created Barbie after seeing her daughter, Barbara, playing with dolls modeled on infants.  Variety

• A female force. Japan is struggling to grow its military at a time when the country's population is shrinking. One solution being pursued: recruit more women. Quartz

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ON MY RADAR

Hope for Nefertiti's tomb, and Egypt's economy  New York Times

Beyonce's athleisure line hits Topshop in April  Racked

Three questions for musicians after Adele  Fortune

The tyranny of beauty routines  The New Republic

The New York Times throws Mx. into the mix. 

QUOTE

Ultimately, my message is very simple. The only way to change the world is to change the self.

Performance artist Marina Abramović
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Kristen Bellstrom
By Kristen Bellstrom
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