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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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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: January 5th

Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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January 5, 2016, 7:41 AM ET
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Good morning, Broadsheet readers! Mary Barra gets even more powerful, Megyn Kelly is a study in contradictions, and some women are not sorry about using the word “sorry.” Have a productive Tuesday.

EVERYONE'S TALKING

• Driver's seat. General Motors CEO Mary Barra—No. 1 on Fortune's Most Powerful Women list—is getting even more powerful. Barra is taking on the additional title of chairman, a clear signal that board approves of the way she's guided the auto giant through its faulty ignition switch scandal and other challenges. Bloomberg

ALSO IN THE HEADLINES

• A study in contradictions. This Vanity Fair profile digs into the contradictions of Fox anchor Megyn Kelly—a "feminist icon" who doesn't consider herself a feminist, and a conservative who has her fair share of liberal fans. Vanity Fair

• Mazel tov, Margarita. Margarita Louis-Dreyfus, the 53-year-old chairwoman of Louis Dreyfus Commodities BV, is pregnant with twin girls. Louis-Dreyfus, who has a net worth of $4.5 billion, says she plans to take a brief maternity leave, returning to work in late April.  Bloomberg

• Seeya Screen. Yahoo has shuttered its online video hub, Yahoo Screen, saying that videos—a key part of CEO Marissa Mayer's turnaround strategy—will now be available via its “digital magazines.” While Fortune's Erin Griffith was no fan of Yahoo Screen, she argues that this new strategy is just as outmoded.  Fortune

• New inventory. The shakeup at Target continues, with chief stores officer Tina Tyler becoming the second C-suite exec to exit in recent months. Tyler will be replaced by Janna Potts, who was the retailer's SVP of HR.  Fortune

• Sorry not sorry. Jessica Grose, editor of Lena Dunham's Lenny newsletter, writes about a new Gmail plug-in that highlights “undermining words” like “sorry” and “just" in users' messages, arguing that the technology is just another way to criticize the way women communicate. Washington Post

MOVERS AND SHAKERS: Trish Lukasik, chief customer officer and SVP at PepsiCo North American Nutrition, has been appointed to the board of Sargento Foods.

IN CASE YOU MISSED IT

• Crisis averted? In her new book, Broad Influence: How Women Are Changing the Way America Works, Jay Newton-Small looks at research suggesting that women are more risk-averse than men are, asking: If there were more women on Wall Street, could we have avoided the financial crisis? Fortune

• Top talker. The Ellen DeGeneres Show has been renewed by NBC through 2020.  Hollywood Reporter

• Bebop bounty. Google's parent company, Alphabet, paid $380 million to acquire Bebop, a startup founded by Diane Greene, co-founder and former CEO of VMware. Greene, who now leads Google's cloud software business, has said little about Bebop, but trademark filings suggest that it was developing HR, benefits and training management software.  Fortune

• Good riddance. Women's Health editor-in-chief Amy Keller Laird announced that the magazine will no longer be using two common—and generally reviled—phrases on its cover: “Bikini Body” and “Drop Two Sizes.” Women's Health

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ON MY RADAR

Decluttering guru Marie Kondo is back with more life-changing magic  Washington Post

A millennial's field guide to mastering your career  Fortune

How to get heard in meetings  The Guardian

This is the first U.S. state to make birth control available over-the-counter  Fortune

QUOTE

There is a great expression that has become a little bit of a mantra for me over the years which is: 'Never compare your insides to somebody else’s outsides.' I think a thing that distinguishes us girls is that we look at other people and we think they've got their act together, because their butterflies or what I call the 'bat cave of their heads' is not on display.

Samantha Power, U.S. Ambassador to the United Nations
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