Good morning, Broadsheet readers! Melinda Gates has an ambitious new project, Chelsea Clinton says she didn’t know about her mom’s pneumonia either, and childcare costs more than college. Enjoy your Thursday.
• The cost of care. Anyone still wondering why the cost of childcare has become a hot topic in this presidential election should check out the new Care Index from think tank New America and Care.com. Among other humbling stats, the index reveals that, in 33 states, the cost of infant care has surged above that of attending college: $9,589 a year vs. $9,410.
Given those stats, maybe one parent should just stay home? Okay—just be prepared to take a serious cut in income, wage growth, and retirement assets and benefits. One study found that a 26-year-old woman taking a five-year break from the workforce will lose out on a total of $467,000 over the course of her lifetime.
As a reminder, here’s what Hillary Clinton and Donald Trump have proposed in terms of helping people afford the cost of caring for their children. It’s something to consider as we look forward to November 8th.
ALSO IN THE HEADLINES
• Mosby’s next move? Over the past year and a half, Baltimore State’s Attorney Marilyn Mosby’s once rapidly rising star has plunged to earth. First, her office failed to convict any of the police officers indicted in the death of Freddie Gray. Now she is being sued for defamation by five of those officers. In this story, she and her husband Nick try “to convey in whatever words they could muster the experience of these last few months, of what went wrong, and when and why, and how much they had lost.” New York Times
• Gates gets tech-y. Melinda Gates speaks to Backchannel’s Jessi Hempel about the philanthropist’s new project, “a personal office to dedicate resources and attention to an issue of central personal importance: getting more women into tech — and helping them stay there.” To help Gates tackle that difficult task Hempel is compiling suggestions from readers. Got an idea? Let her know here: Backchannel
• Sick surprise. In this Q+A, Chelsea Clinton talks about what she thought of the first debate, how she deals with personal attacks against her family, and what she would say to millennials who are considering staying home on election day. One interesting tidbit: Chelsea says she didn’t know her mother had pneumonia “until she came over to my apartment.” Cosmopolitan
• Tolstedt take-backs. As part of the “clawbacks” around the Wells Fargo board’s investigations into the bank’s sales practices, former retail banking head Carrie Tolstedt has left the company ahead of her planned December retirement date, will forfeit $19 million in equity awards, and will get no severance. Fortune
• Tyra’s tips. On the one-year anniversary of her makeup company, Tyra Beauty, Tyra Banks talks to Fortune‘s Kia Kokalitcheva about the beauty biz, her now-defunct Smize app for taking selfies, and the course she’s teaching at Stanford Business School. Fortune
• Girls or women? Shelley Zalis, the CEO of The Female Quotient and the creator of The Girls’ Lounge, writes about why she calls powerful female business leaders “girls” instead of “women.” Fortune
MOVERS AND SHAKERS: Karen Peetz, first female president of the Bank of New York Mellon, is retiring at the end of 2016.
IN CASE YOU MISSED IT
• #BlackLivesMatter. In the aftermath of the latest spate of police shootings, Serena Williams posted on Facebook about fearing for her nephew’s life after spotting an officer on the side of the road while her nephew drove her to meetings. “I won’t be silent,” she wrote. Motto
• Bad and worse. New research finds that Europe lags the U.S. when it comes to female CEOs of top companies. That said, neither has anything to brag about: Women account for 4% of S&P Euro 350 CEOs and 5% of S&P 500 chiefs. Fortune
• The girls of Girl. Emily Blunt and Paula Hawkins, author of Girl on the Train—which has been made into a film starring Blunt— talk about gender double standards in Hollywood, literature, and, well, life. The Hollywood Report
• Keeping up with Krawcheck. Ellevest’s Sallie Krawcheck gets the day-in-the-life treatment from the Wall Street Journal. WSJ
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ON MY RADAR
Jamie Dimon on learning mother is right WSJ
Ali Wong’s radical raunch New Yorker
‘Corporate feminism’ oppresses women. Here’s how. The Guardian
The right—and wrong—ways to help pregnant women HBR
The D women Senators have talked & we're concerned about Donald's weight. Campaign stress? We think a public daily weigh-in is called for.Sen. Claire McCaskill (D-MO)