Steven Overly
Steven Overly
Covering global trade, economics and technology. Now: @POLITICO. Then: @washingtonpost. @Bagehots alum. He/Him. Let’s talk: soverly@politico.comSource
Washington, DC
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This cheeseburger explains why you're paying so much for food these days

This cheeseburger explains why you're paying so much for food these days

AdvertisementAdvertisementThe increased cost of a burger starts with the all-essential bun. The price of bread went up 7.1 percent in March compared to a year prior, while the price of all bakery products climbed 9.1 percent. Meat eaters may be inclined to top their burger with strips of bacon, at a cost. The price of bacon has jumped 18.2 percent from March 2021 to March 2022.Debate the chicken-or-egg origin story all you want; both cost more money nowadays. The price of eggs was up 11.2 percent in March compared to a year prior.AdvertisementAvocados don’t just go on toast. The average...

April 13, 2022
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Anti-Facebook agitators see their moment under Biden

Anti-Facebook agitators see their moment under Biden

Joe Biden has said he’s no fan of Facebook. Now he has an opportunity to show it as he assumes landmark policy and legal battles against the company.President-elect Joe Biden speaks in Wilmington, Del. | Joshua Roberts/Getty ImagesFacebook endured a deluge of political scrutiny in Donald Trump’s Washington. It’s poised to face even worse in the Joe Biden era.From lawmakers on Capitol Hill to antitrust enforcers at the Federal Trade Commission, Washington is training its sights on the world’s largest social network like never before. Biden’s antitrust enforcers will take ownership of a...

December 26, 2020
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Silicon Valley braces for election misinformation after Trump’s false victory claim

Silicon Valley braces for election misinformation after Trump’s false victory claim

Facebook, Twitter and Google made preparations for how to respond if a candidate prematurely declared a win.The Twitter app is shown on a mobile phone. | Matt Rourke/AP PhotoThe country’s largest social networks are bracing for confusion among their millions of users and a potential torrent of misinformation in the days to come after President Donald Trump falsely claimed victory over former Vice President Joe Biden despite the many votes yet to be counted.Trump’s premature announcement, during a White House appearance shortly after 2 a.m. Wednesday, drew cheers from his supporters in the...

November 4, 2020
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Trump’s TikTok power play may fall short

Trump’s TikTok power play may fall short

The proposed deal between Oracle and the Chinese-owned video app isn't the outright sale the president demanded. And it may not resolve U.S. security concerns.The TikTok logo is displayed outside a TikTok office in Culver City, California. | Mario Tama/Getty ImagesPresident Donald Trump aimed for a when he demanded that TikTok’s Beijing-based parent sell the popular video-sharing app to an American company or be banned from operating in the United States.Now he may have to settle for less.The proposal put before his administration this weekend wouldn’t sell the company outright. It’s...

September 14, 2020
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