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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: April 7th

Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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April 7, 2016, 7:47 AM ET
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Good morning, Broadsheet readers! A Long Island high schooler pulls off a college coup, a French luxury conglomerate is adding three women to its board, and a former Fortune 40 Under 40 pick shines. Enjoy your Thursday.

EVERYONE'S TALKING

• Unpacking parity. Fortune's Valentina Zarya breaks down the latest mammoth study from McKinsey & Co., which digs into the status of women in the U.S. Some of the most interesting findings include a state-by-state breakdown of gender equality (road trip to Maine, anyone?), the shockingly high economic cost of violence against women, and an interesting anecdote of a reality TV show's major contribution to the decline in teenage pregnancy.

ALSO IN THE HEADLINES

• Eight is enough! Augusta Uwamanzu-Nna, a senior at Elmont Memorial High School in Long Island, just pulled off a rare feat: She swept the Ivy League, getting accepted into all eight schools. New York Times

• Ladies of luxury. Kering, the French luxury goods group that owns Gucci, Alexander McQueen and Balenciaga, has nominated three women—Sapna Sood, Sophie l’Hélias, and Laurence Boone—to its board of directors. Footwear News

• Space ace. Meet Claudia Kessler, creator of Astronautin, a project to recruit and train Germany’s first female astronaut. Fortune

• Borzi has investors' backs. Phyllis Borzi, a 69-year-old assistant U.S. labor secretary, is the unlikely force behind a controversial rule—expected to be unveiled this week—that would require retirement-savings advisers to put their clients’ financial interests above their own. WSJ

• Rising water. The Women Presidents' Organization released its annual list of the fastest-growing women-owned businesses in the U.S. Coming in at No. 1? S'well, the water bottle startup led by Sarah Kauss, a former Fortune 40 Under 40 pick.  Fortune

MOVERS AND SHAKERS: Arby’s Restaurant Group named Darla Morse as CIO. She was most recently CIO of SeaWorld Entertainment.

IN CASE YOU MISSED IT

• Flammable fashion? The U.S. Consumer Product Safety Commission announced that 20,000 Ivanka Trump-branded scarves are being recalled for violating the U.S. Federal Flammability Standard and posing a "burn risk."  Fortune

• Media movers. The Hollywood Reporter's list of the 35 most powerful people in New York media is out, and features Samantha Bee, Megyn Kelly, Gayle King, Amy Schumer, and a host of other female media mavens.  The Hollywood Reporter

• Where's Kerry? Kerry Washington called out Adweek for heavily photo-shopping her new cover shoot, writing, "It felt strange to look at a picture of myself that is so different from what I look like when I look in the mirror." People

• Back in the spotlight. Anita Hill, now a professor at Brandeis University, talks about how she feels about being the focus of the upcoming HBO movie Confirmation. Time

• Girls on film. Check out the lineup for the 2016 Bentonville Film Festival, which was launched last year by Geena Davis to champion the work of women and minorities: EW

Tune in to Fortune Live, hosted by Leigh Gallagher, at its new day and time: Thursdays at 11 am ET at Fortune.com.

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Looking for previous Broadsheets? Click here.

ON MY RADAR

Gucci gets flack from British regulator for 'unhealthily thin' model  Fortune

For new parents, dad may be the one missing the most sleep  NPR

West Virginia University frat suspended over member's comments on women  Time

Lena Dunham and Jenni Konner launch publishing imprint at Random House  EW

QUOTE

Every rape is not a gender-motivated hate crime.

Controversial comments made by Manhattan state Supreme Court Justice Shirley Werner Kornreich, the judge who threw out Kesha's hate-crime and human rights claims against producer Dr. Luke
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