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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

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: March 30th

Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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Kristen Bellstrom
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Kristen Bellstrom
Kristen Bellstrom
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March 30, 2016, 7:41 AM ET
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Good morning, Broadsheet readers! We meet Blue Apron’s all-female food sourcing team, the debate over ad world sexism gathers steam, and the reporter who accused Donald Trump’s campaign director of assault may get her day in court. Have a wonderful Wednesday.

EVERYONE'S TALKING

• Ad, ad, ad, ad world. The fallout over allegations of egregious sexism and racism from the former CEO of WPP-owned ad agency J. Walter Thompson continues.

Speaking at an industry conference last week, Maurice Lévy, CEO of rival Publicis Groupe, said that the incident was a one-time thing and "not a fair representation of the industry." At the same event, WPP CEO Martin Sorrell said that he disagrees “violently" with Lévy's assertion that the situation was a one-off, and that the Publicis CEO "has the habit of ignoring the facts."

Last night, Lévy put out another statement accusing WPP founder and chief Martin Sorrell of "extraordinary...hypocrisy" and continued to insist that the JWT situation was not representative of the industry as a whole.

While many in the ad community seem relieved that the issue of gender and racial discrimination is finally being openly discussed, two executives trading barbs isn't going to do much to address the problem. Let's hope leaders in the ad world are ready to stop sniping and start focusing on solutions.

ALSO IN THE HEADLINES

• Fields' vindication? Donald Trump's campaign manager, Corey Lewandowski, was arrested and charged with battery for grabbing the arm of Michelle Fields, a former reporter for the conservative news outlet Breitbart.  Fortune

• Making the menu. Blue Apron’s all-female sourcing team is working with—mostly female—farmers in a crop-planning system that turns the traditional retailer-grower relationship upside down. Rather than order produce according to a set menu, the meal kit company’s team works with farmers to determine what to grow when, and creates recipes based on what the growers can provide.  Fortune

• Media blitz. In an attempt to improve their party's standing with women, a group of Republican congresswomen reached out to female voters via women's media—ultimately landing a number of profiles of successful of GOP women in top fashion and lifestyle magazines.  New York Times

• Uber mover. Rachel Whetstone, Uber’s SVP for policy and communication, is clearly shaking things up. Since she joined the ride-hailing company less than a year ago, a number of staffers have been fired or jumped ship, while Whetstone snapped up at least five employees from Google, her previous employer. Fortune

• Scout sisterhood. In December, the Seattle Mariners hired Amanda Hopkins, making her Major League Baseball's first full-time female scout since the 1950s. What casual baseball fans might not know, though, is that that Hopkins is actually part of a proud—if small—sisterhood of female scouts stretching back to the '20s. New York Times

MOVERS AND SHAKERS: Sheila Hooda, CEO and president of Alpha Advisory Partners, has been elected to the board of Mutual of Omaha. Tina Sharkey has stepped down as CEO of Sherpa Foundry, but will stay on with the company as a partner. Cyan Banister, a renowned angel investor and startup founder, has joined Founders Fund.

IN CASE YOU MISSED IT

• Campus caretakers. Mia Karvonides is Harvard’s first Title IX officer, tasked with improving how the school responds to complaints of sexual violence. She is one of a new wave of employees—including lawyers, investigators and survivor advocates—that colleges are hiring to deal with growing numbers of sexual assault claims.  New York Times

• The siblings Trump. This story looks at the growing role that Ivanka Trump and her two brothers are taking in their father's presidential bid. While Ivanka appears to be trying to keep some distance from the campaign ("I’m not looking to opine on policy," she says), she has become a regular on the stump.  WSJ

• Ballerina boss. Former prima ballerina—and the longest-serving dancer in the American Ballet Theater’s history—Julie Kent will become the artistic director of The Washington Ballet this summer. The best perk of her new job? Having a regular schedule for the first time in her life. Washington Post

• Sarandon's surprise. Susan Sarandon, a passionate Bernie Sanders supporter, said in an MSBC interview that she may not vote for Hillary Clinton if Sanders loses the nomination. In fact, she said Trump might be a better option. Interestingly, Sarandon also ditched the Dems to support third-party candidate Ralph Nader in 2000—and we all know how that turned out. The Daily Beast

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ON MY RADAR

It isn't all horror stories for women in tech  CNNMoney

German train operator stirs controversy with 'women and children only' cars  Travel + Leisure

Donna Karan on meditation, fashion, and love  WWD

Kathryn Finney talks about the importance of funding black female founders  HerAgenda

QUOTE

I’ve survived. I’ve beaten my own bad system and on some days, on most days, that feels like a miracle.

Oscar-winning actress Patty Duke, who passed away on Tuesday at age 69
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