Women now have many of the jobs controlling the world’s largest economy. And they are trying to fix it. Treasury Secretary Janet Yellen, Commerce Secretary Gina Raimondo and U.S. Trade Representative Katherine Tai hold top positions in President Joe Biden’s administration. Many of his economic advisers also are women. This change may already be affecting economic policy. A new $2.3 trillion spending plan was introduced by Biden last week. It includes $400 billion to finance the “care economy,” which supports home- and community-based jobs taking care of children and older people. This part of the economy involves work usually done by women and has largely been ignored for many years. Biden’s spending plan also includes hundreds of billions of dollars more to fix racial inequalities, as well as inequalities between rural Americans and those living in cities. “In the end, it might be that this bill makes 80 years of history: it begins to fix the structural problems,” Yellen wrote on Twitter. She added: “This is just the start for us.” Some experts say women leaders can bring a new way of examining economic policy. “When you’re different from the rest of the group, you often see things differently,” said Rebecca Henderson. She is a professor at Harvard Business School and published a book called Reimagining Capitalism in a World on Fire. “We’re in a moment of enormous crisis. We need new ways of thinking,” Henderson added.
Title: What Happens When Women Run the Economy?
Content: <div id='article-page'><div id='article-content' data-media-url='//news-app-staging.s3.amazonaws.com' data-base-url='//news-app-staging.herokuapp.com' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5026/A.wav' data-capture-url='//staging.analytics.lingraphica.com/events/capture_news' data-article-title='What Happens When Women Run the Economy?' data-article-id='5556'><script src='//news-app-staging.herokuapp.com/javascripts/getscripts.js'></script><link rel='stylesheet' href='//news-app-staging.herokuapp.com/stylesheets/article.css' type='text/css' /><div class='article'><p><span data-start-time='0' data-end-time='7792'>Women now have many of the jobs controlling the world’s largest economy. </span> <span data-start-time='7792' data-end-time='11521'>And they are trying to fix it.</span> <span data-start-time='11521' data-end-time='31125'>Treasury Secretary Janet Yellen, Commerce Secretary Gina Raimondo and U.S. Trade Representative Katherine Tai hold top positions in President Joe Biden’s administration. </span> <span data-start-time='31125' data-end-time='36896'>Many of his economic advisers also are women.</span> <span data-start-time='36896' data-end-time='43021'>This change may already be affecting economic policy. </span> <span data-start-time='43021' data-end-time='52104'>A new $2.3 trillion spending plan was introduced by Biden last week. </span> <span data-start-time='52104' data-end-time='67646'>It includes $400 billion to finance the “care economy,” which supports home- and community-based jobs taking care of children and older people. </span> <span data-start-time='67646' data-end-time='78917'>This part of the economy involves work usually done by women and has largely been ignored for many years.</span> <span data-start-time='78917' data-end-time='97292'>Biden’s spending plan also includes hundreds of billions of dollars more to fix racial inequalities, as well as inequalities between rural Americans and those living in cities.</span> <span data-start-time='97292' data-end-time='110854'>“In the end, it might be that this bill makes 80 years of history: it begins to fix the structural problems,” Yellen wrote on Twitter. </span> <span data-start-time='110854' data-end-time='115917'>She added: “This is just the start for us.”</span> <span data-start-time='115917' data-end-time='124458'>Some experts say women leaders can bring a new way of examining economic policy.</span> <span data-start-time='124458' data-end-time='134104'>“When you’re different from the rest of the group, you often see things differently,” said Rebecca Henderson. </span> <span data-start-time='134104' data-end-time='146000'>She is a professor at Harvard Business School and published a book called Reimagining Capitalism in a World on Fire.</span> <span data-start-time='146000' data-end-time='154854'>“We’re in a moment of enormous crisis. We need new ways of thinking,” Henderson added.</span> </p></div><div class='control-buttons-sticky' style='display:none;'><div class='control-buttons'><button title='Back' class='back' disabled='disabled'></button><button title='Play' class='play' disabled='disabled'></button><button title='Pause' class='pause' style='display:none;'></button><button title='Forward' class='forward' disabled='disabled'></button><button class='finished-reading' style='display:none;'>Done</button></div></div></div><div id='article-media'><div id='media-image'><img src='https://news-app-production.s3.amazonaws.com/articles/5026/A.jpeg'/></div></div><div id='question-content' style='display:none;'><div class='vocabulary_question question-container' data-question-id=17236 data-hint-location='146000' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5026/what_is_the_definition_of_the_word_enormous.wav'>What is the definition of the word enormous?</div><div class='choices' data-correct-choice='Extremely large'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5026/extremely_large.wav'><span>Extremely large</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5026/slightly_above_average_in_size.wav'><span>Slightly above average in size</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5026/extremely_small.wav'><span>Extremely small</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5026/excitable.wav'><span>Excitable</span></div></div></div><div class='multiple_choice_question question-container' data-question-id=17237 data-hint-location='43021' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5026/what_is_the_cost_of_president_bidens_spending_plan_introduced_last_week.wav'>What is the cost of President Biden's spending plan introduced last week?</div><div class='choices' data-correct-choice='$2.3 trillion'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5026/23_trillion.wav'><span>$2.3 trillion</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5026/1_billion.wav'><span>$1 billion</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5026/1776_million.wav'><span>$1,776 million</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5026/100_trillion.wav'><span>$100 trillion</span></div></div></div><div class='sentence_completion_question question-container' data-question-id=17238 data-hint-location='31125' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5026/many_of_his__blank__advisers_also_are_women.wav'>Many of his <span class='blank'>economic</span> advisers also are women.</div><div class='choices' data-correct-choice='economic'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5026/economic.wav'><span>economic</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5026/dance.wav'><span>dance</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5026/clothing.wav'><span>clothing</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5026/war.wav'><span>war</span></div></div></div><div class='question-buttons'><button class='skip-button'></button><button class='hint-button'></button><button class='speak-button'></button></div></div></div>
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