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The World Economic Forum's annual Global Gender Gap Report released on Oct. 25, 2016, found that the global gender pay gap will not be closed for another 170 years if current trends continue. Photo: Jessica Hill / AP

Steve Rattner, in one of his famous charts for "Morning Joe," uses new Census Bureau data to show women closing the pay gap with men last year by the largest amount since 2007.

"The female to male earnings ratio reached 80.5%, the highest ever. However, the gap was closed both by women earning more and men earning less. In dollar terms, the typical man earned $51,640 last year; the average woman received $41,554."

P.S. N.Y. Times Quote of the Day: James Freeman, the founder of Blue Bottle Coffee, about the prospect of going public in a stock offering (instead, the company was acquired by Nestlé): "Everything that I've seen and read, it seems like a way of living in hell without dying."

Go deeper

Ina Fried, author of Login
46 mins ago - Technology

Intel CEO wants to compete against Apple

Intel CEO Pat Gelsinger hasn't given up on the idea of the Mac once again using Intel chips, but he acknowledges it will probably be years before he gets that chance.

  • In the meantime, he is focused on powering Windows machines that give Apple CEO Tim Cook a run for his money.

Why it matters: In getting pushed out of the Mac, Intel not only lost a customer, but picked up a new rival.

51 mins ago - Health

Education secretary reveals limits to Biden’s mask push on states

U.S. Education Secretary Miguel Cardona, in an "Axios on HBO" interview, said he's reluctant to withhold federal funding from states that won't enforce school mask mandates because he doesn't want to hurt students.

Why it matters: Cardona's comments suggest there are limits to how far the Biden administration will go in pressuring states to adopt universal masking — or vaccine mandates.

Mike Allen, author of AM
1 hour ago - Axios on HBO

GOP senator smacks Trump

Sen. Bill Cassidy (R-La.) told “Axios on HBO” he’s not sure former President Donald Trump would win the Republican nomination if he ran in 2024 — a rare voice of criticism from within the party.

  • When I raised the conventional wisdom that Trump would be expected to win the nomination, Cassidy jumped in.“
  • I don't know that,” the senator said during our interview in Chalmette, La.