Good morning! The brand will be renamed Pantyhose L’eggs, a professional women’s baseball league will launch in 2026, and the 50th anniversary offers an opportunity for reflection ahead of a historic election. Have a great Thursday.
– Credit report. Less than a week before voters head to the polls and have the opportunity to elect Kamala Harris as the first female president of the United States, there is a milestone that demonstrates just how radical this achievement truly is.
This week marks the 50th anniversary of the Equal Credit Opportunity Act, the legislation that made it illegal for the first time for banks to require women to have a male cosigner for a credit card, loan or mortgage. Before this legislation was signed into law five decades ago this week, women were not only unable to obtain credit, but credit histories went to the male signer, meaning that if a woman divorced, she would start from scratch with no credit history. This disparity persisted for more than a decade after the Equal Pay Act of 1963.
NPR interviewed Emily Card, Who remembers? Her application for a credit card was denied and she was told that her husband could apply instead. Card made more money than her husband, yet she was rejected; She also worked for a GOP senator who later helped pass the Equal Credit Opportunity Act.
Tory Burch, fashion designer, He wrote an editorial to time Recalling her own experience. She remembers when her mother proudly came home with her first credit card in her name in 1974. “I often think about the effects of constantly seeing someone else’s name where yours should be — the little daily reminder that your life, your decisions, your destiny, are dictated by someone else,” she writes. Porsche This is an experience that Harris would be of the right generation to remember, too; she was about 10 years old when this legislation was signed into law.
With tensions rising before Uncertain electionsIt is easy to get caught up in expectations and fears. This serendipitous anniversary gives us the opportunity to reflect on how far we have come – even if those milestones in 1974 and 2024 are long overdue.
Emma Hinchliffe
emma.hinchliffe@fortune.com
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Also in the headlines
– Tragedy in Texas. At least two women have died in Texas after their doctors delayed treating abortions, saying it would be illegal to do so under the state’s anti-abortion law, according to ProPublica. Joselli Barnica died at the age of 28 in 2021. ProPublica
– Fashionable socks. The Pantyhouse L’eggs brand is being relaunched, as the pantyhose market gains more interest from younger customers. Sock sales are up 18% this year so far and will reach $1 billion in 2023. After Hanesbrands sold the brand to Windsong Global last year, Parade founder Cami Téllez took over as executive creative director in January. Wall Street Journal
– Another ban on the Taliban. The Afghan Taliban have banned women from reciting verses from the Qur’an or praying aloud in front of each other, in the latest in a series of restrictions imposed on women. The ministry has already banned women’s voices and bare faces in public places. nbc
– Taking the field. The Women’s Professional Baseball League is scheduled to launch in 2026. With six teams in the Northeastern United States, the league will be the only women’s professional baseball league in the country. Justine Segal, the first woman to coach a Major League Baseball team, is one of the league’s founders. New York Times
Movers and shakers
Daqo New Energy, a developer of polysilicon for the global solar PV industry, has been named Xiaoyu Xu As Executive Vice President. Most recently, she served as the company’s Director of Investor Relations, Board Secretary and Director.
Audubon Engineering Company, a provider of engineering, procurement and construction solutions, was named Sarah Young Senior Vice President of Growth and Strategy. Most recently, she served as Vice President of Growth and Development for the Americas at Wood.
Grocery TV, a retail media platform for grocery stores, is set to launch Allison Levine To its board of directors. Levin is president of advertising and partnerships at NBCUniversal Media.
On my radar
Do you want to be a good boss? Be a bitch hustle
Meg Whitman’s mission in Africa: More American technology than Chinese Bloomberg
Where is Ivanka? New York Times
Parting words
“I thought my daughters needed to know where they came from to know where they were going.“
— Tina Knowles, fashion designer and mother of Beyoncé and Solange Knowles Her new memoir The matriarchwhich will be released in April