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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: August 18th

Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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August 18, 2016, 7:16 AM ET
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Good morning, Broadsheet readers! Gwyneth Paltrow grabs $10 million for Goop, another Cheney appears to be on her way to Congress, and we look at companies that are changing the world for their female workers. Have a fantastic Thursday.

EVERYONE'S TALKING

• Change agents. Fortune's Change the World list is out this morning, highlighting global companies that are "doing well by doing good." The package includes women-run businesses like PepsiCo (helmed by CEO Indra Nooyi) and Revolution Foods (co-founded by Kristin Groos Richmond and Kirsten Saenz Tobey), as well as Coca-Cola, Salesforce, Gap, and Crystal Group, all of which are honored for instituting groundbreaking initiatives designed to expand opportunities for working women.  Fortune

ALSO IN THE HEADLINES

• The woman whisperer. The Washington Post takes a closer look at Kellyanne Conway, Donald Trump's new campaign manager, who has spent nearly three decades helping conservative male politicians win over female voters. Washington Post

• Hiring blind. Pymetrics, co-founded by Frida Polli and Julie Yoo, just announced a $6.13 million Series A round from a number of VC firms, including Susan Lyne's BBG Ventures. The startup offers employers a platform that promises to match candidates to the perfect job—and to strip unconscious bias from hiring. Fortune

• Biles endorses this message. Simone Biles arrived in Rio with roughly $2 million worth of brand endorsements. Now that she's a four-time gold medalist, how high will that number go?  Digiday

• Cheney 2.0. Liz Cheney won the Republican primary for Wyoming’s sole House seat, all but ensuring that she will win the job once held by her dad, former Vice President Dick Cheney.  WSJ

• Goop goes West. Goop, Gwyneth Paltrow's lifestyle site, has raised around $10 million in Series B funding. Paltrow plans to use the cash infusion to centralize the company’s headquarters in L.A., spiff up its tech, and develop more products.  Fortune

IN CASE YOU MISSED IT

• Going global. Globalization Partners CEO Nicole Sahin writes about building a 30,000-person international business services company that is 75% female and has an all-woman executive team. Inc.

• Change gets called a bitch. The Atlantic's Michelle Cottle speculates that a Hillary Clinton victory in November would "usher in four-to-eight years of the kind of down-and-dirty public misogyny you might expect from a stag party at Roger Ailes’s house." The Atlantic

• The million-dollar gap. The latest gender wage gap report finds that black and Latino women will lose more than $877,000 and $1 million, respectively, over a 40-year career compared to their white male counterparts. The Guardian

• The final taboo? After her team finished the 4x100 meter medley relay this weekend, China’s Olympic swimmer Fu Yuanhui discussed feeling week and tired because her period had started the night before. Her willingness to break the menstruation taboo has opened up a host of interesting investigations into cultural norms around periods and the role they play in athletic performance. Slate

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ON MY RADAR

There are a lot more babies about to be named Simone  Motto

The childcare gap is widening  Time

Portraying Muslims as a threat to women, Donald Trump echoes ‘us vs. them’ refrain  New York Times

J.K. Rowling is about to release 3 new Harry Potter books  Time

QUOTE

To be a complete woman is not necessarily to be a mother.

Tyra A. Mariani, New America VP and former deputy chief of staff to the U.S. Secretary of Education, on opting not to have children
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