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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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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 9th

Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
Down Arrow Button Icon
March 9, 2016, 7:34 AM ET
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Good morning, Broadsheet readers! I’m back from vacation—a big shout-out to Valentina (@valzarya) for doing a terrific job filling in. Now, on to the headlines: Maria Sharapova gets the cold shoulder from her corporate sponsors, a TV showrunner puts the smackdown on “manterrupting,” and Hillary Clinton may have to fight harder for the Democratic nomination. Have a wonderful Wednesday.

EVERYONE'S TALKING

• How do you solve a problem like Maria? Tennis stars Serena Williams and Caroline Wozniacki weigh in on the revelation that Maria Sharapova failed a drug test. Interestingly, the fallout from the scandal could finally put Williams in position to become the world's highest-paid female athlete. Fortune

ALSO IN THE HEADLINES

• Off to the races. As expected, Hillary Clinton won Tuesday night's Democratic primary in Mississippi. However, her narrow loss to rival Bernie Sanders in Michigan is what has everyone talking: Sanders' win gives him a legitimate reason to stay in the presidential race, while Clinton's nomination seems less like an inevitability.

• Girl, manterrupted. Glen Mazzara, former showrunner of The Shield and The Walking Dead, talks to Fortune's Michal Lev-Ram about why he insisted on a gender-balanced writers room—complete with a "no interrupting" rule—for his new show, Damien.  Fortune

• The lady loonie? Canadian Prime Minister Justin Trudeau tweeted that the next new Canadian banknote will feature a woman, referring followers to a site where they can nominate potential candidates.

• No Justice Lynch. Loretta Lynch said she's unable to consider a possible nomination for the open Supreme Court seat because of the demands of her current job as U.S. Attorney General. Fortune

• Women behind the wheel. Uber reveals that women now account for nearly one in three new-driver signups. Time

• $3 million answer. Salesforce revealed the details behind its $3 million effort to close its gender gap. CEO Marc Benioff called the project "so easy," encouraging other chiefs to dig into—and rectify—unequal pay at their own companies. Fortune

MOVERS AND SHAKERS: Mary Hamilton, a managing director at Accenture Labs, has been named to the board of Women Who Code. FTI Consulting announced that Laureen Seeger, EVP and general counsel of American Express, has been elected to its board. Ruulke Bagijn has stepped down as CIO of Dutch pension giant PGGM to become global head of real assets and private equity at AXA Investment Managers. Private equity firm Welsh, Carson, Anderson & Stowe will acquire Intuit's QuickBase business, which it plans to run as a stand-alone business. QuickBase general manager Allison Mnookin will become the company's CEO.

IN CASE YOU MISSED IT

• Bad build. A new survey finds that more than 70% of female architects have faced sexual discrimination, harassment, or bullying at work. And it's only getting worse. Quartz

• Move to Maryland? Maryland, Vermont, and Minnesota lead a new ranking of the states that offer women the greatest equality. Not so lady-friendly? Oklahoma, Mississippi, and Louisiana. Bloomberg

• Pritzker on privacy. U.S. Commerce Secretary Penny Pritzker talks to the New York Times about a new agreement that will transform the way companies collect and use the digital data that's transferred from Europe to the U.S. New York Times

• Teamwork! Atlassian, the Australian maker of workplace software, revealed its workforce diversity stats—with a twist: The company broke out its numbers by team. Fortune

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ON MY RADAR

We must rewrite women's role in history  Time

Fans of Joan Rivers can now buy her prized possessions  Fortune

Why millennial women are burning out  Fast Company

From pinup to muse: Pamela Anderson's next chapter  New York Times

QUOTE

We have to do more than see the logic in gender equality. People have to feel it in their bones.

Emma Watson, UN Women goodwill ambassador
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By Kristen Bellstrom
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