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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: May 31st

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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May 31, 2016, 7:47 AM ET
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Good morning, Broadsheet readers! Women are speaking their minds on Facebook, pro baseball gets its first female manager, and we’re reminded that “mistress”—a word which has no male counterpart—is still part of the lexicon. Have a productive Tuesday.

EVERYONE'S TALKING

• An affair to remember? Paula Broadwell became a household name in 2012, when her affair with former CIA director David Petraeus was revealed to the public. Four years later, their paths illustrate the double standard that continues to color our society's reaction to infidelity: While Petraeus has become a partner in a private equity firm and re-entered public life, Broadwell is still struggling to find her footing. “For him, the affair is a footnote to an otherwise celebrated career. But for her…it has become a lasting stain.” New York Times

ALSO IN THE HEADLINES

• Loud and proud. A new study finds that women use more assertive language in their Facebook status updates than do men. One possible explanation: women feel empowered because they know their words will be seen mostly by their friends. WSJ

• Under fire. Katie Couric and director Stephanie Soechtig have responded to the charges of deceptive editing in their new documentary, Under the Gun. Couric says the decision to insert a pause after she asked gun owners about how to prevent felons and terrorists from purchasing firearms was an “unnecessary mistake." Soechtig, however, says she stands by her editing decision. The NRA is asking members to sign a petition demanding Couric be fired from her job as a global news anchor at Yahoo.  The Wrap

• Lady lager. Do female drinkers need their own beer? Kristi McGuire, the master brewer behind High Heel Brewing, thinks they do. Fortune

• Finch is a hit. Olympic softball star Jennie Finch became the woman to manage a pro men's baseball team when she served as manager for the Bridgeport Bluefish on Sunday. Don't get too excited, though—her guest managership lasted just one day. Washington Post

• Playing politics. Rosina Racioppi, CEO of professional development company Women Unlimited, talks about how office politics can be stacked against women—and what can be done to level the playing field. Fortune

• Money honeys. Women are making headway in the male-dominated world of currency trading. Here's a look at who's running foreign exchange at some of the big banks: Claudia Jury at JPMorgan Chase, Catherine Flax at BNP Paribas SA, and Camilla Sutton at Bank of Nova Scotia. Bloomberg

IN CASE YOU MISSED IT

• Paying their dues? An analysis of CEO pay at 100 large companies reveals a curious pattern: Companies with more women on their boards paid their chief execs about 15% more than those with less diverse directors. Given the sample size, it’s unclear how much we can read into the findings, but some experts speculate that female directors may be under more pressure to “go along and get along.” New York Times

• Progressive list. This Washington Post story identifies six women—including former Ohio state senator Nina Turner and Hawaii Rep. Tulsi Gabbard—who have the potential to follow in the footsteps of Bernie Sanders and Elizabeth Warren and perhaps lead the progressive movement one day. Washington Post

• Practice makes perfect. The OnRamp Fellowship, which helps female lawyers who took time off to raise kids get back into top law firms, is expanding into in-house law departments at companies like Amazon and Microsoft. WSJ

• Pregnant pause. NBC resurfaced a 2004 Dateline interview in which Donald Trump said called pregnancy an "inconvenience for business." On some base capitalist level, I'm sure that's true—just as it's inconvenient that employees need time off to do things like eat and sleep. Motto

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ON MY RADAR

The feminist trailblazing of Sinead O'Connor  The New Yorker

Twitter sent a women's address to her harasser  Business Insider

After two decades, the WNBA still struggles for relevance  New York Times

Jessica Valenti: My life as a sex object  The Guardian

QUOTE

I'm very competitive. If you don't compete, you're not challenged enough. And if you think you're doing everything perfectly, then it's time to retire.

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