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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 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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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

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

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: March 8th

By
Valentina Zarya
Valentina Zarya
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By
Valentina Zarya
Valentina Zarya
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March 8, 2016, 7:29 AM ET
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Good morning, Broadsheet readers! Valentina (@valzarya) here. Maria Sharapova makes a shocking announcement, Erin Andrews wins her lawsuit, and we say good-bye to an Ivy League’s leading lady. Happy International Women’s Day!

EVERYONE'S TALKING

• What's the deal with IWD? Fortune sat down with Phumzile Mlambo-Ngcuka, executive director of UN Women, to better understand what International Women's Day is all about. She had one very specific recommendation for how businesses of all sizes can help promote gender equality.  Fortune

ALSO IN THE HEADLINES

• Sharapova shocker. Tennis champion Maria Sharapova announced on Monday that she had failed a drug test at the 2016 Australian Open. Fortune

• Can I get a refund? Scientist Vivienne Ming calculated the "cost" of being a minority—or how much harder one has to work to achieve the same things as a straight, white man. According to her calculations, women in the U.S. tech industry pay a "tax" of anywhere between $100,000 and $300,000.  Quartz

• Women help reps. A study shared exclusively with Fortune finds that within a given industry, companies with the best reputations have more than twice as many women in senior management as those with weaker reputations.  Fortune

• You can, Icahn. Since the beginning of 2011, five of the largest U.S. activist investment funds have sought at least 174 board positions and landed 108. Women were nominated just 11 times and got eight seats, or 7% of the total.  Bloomberg

• Andrews' award. Fox Sports reporter Erin Andrews was awarded $55 million on Monday, in her lawsuit related to a stalker who bought a hotel room next to her and secretly recorded a nude video. Time

• Goodbye, Professor Garrett. Cornell University president Elizabeth Garrett died on Sunday of colon cancer. She was the first female leader of the Ivy League school. Huffington Post

IN CASE YOU MISSED IT

• Move over, Hef. Arsenic is a two-year-old media startup that's been called "the sexiest magazine in the world," and is emerging as a serious competitor to Playboy. It's run almost entirely by women, and its (free) content is submitted by female models themselves.  Business Insider

• Oy, Aussies! According to a new study, about half of Australian women in media-related professions face harassment in the workplace. HelloGiggles

• Chic shoe-shiners. Women in Italy are transforming shoe-shining from an old-fashioned men's job into a hip industry.  New York Times

• Pageant ugliness. Racked looks at the sexist, racist history of beauty pageants: "The whole idea of pitting women against one another and judging them primarily based on their looks is unsettling in and of itself. The fact that here is overt racism ingrained in the Miss America story adds to the unsettling legacy of American pageants." Racked

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ON MY RADAR

Theranos ran tests despite quality problems  WSJ

What Melissa Harris-Perry's show meant to women of color Cosmopolitan

Ambassador Susan Schwab: Being the only woman in the room made me memorable Fortune

Dolly Parton announces biggest tour in 25 years Entertainment Weekly

QUOTE

Don't be afraid to speak up against any injustice you experience.

Kesha, while accepting the Human Rights Campaign’s Visibility Award for her stance against the harassment of lesbian, gay, bisexual and transgender youth.
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By Valentina Zarya
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