Business and economics columnist Steven Pearlstein is a business and economics columnist who writes about local, national and international topics. He joined the Post in 1988 as deputy business editor, and has been defense industry reporter, economic correspondent and Canadian correspondent. In the fall of 2011, he will become the Robinson Professor of Political and International Affairs at George Mason University. Pearlstein was awarded the Pulitzer Prize for commentary in 2008 for columns anticipating and explaining the global financial crisis. In 2011, he won a Gerald R. Loeb Lifetime Achievement award. Pearlstein grew up in Brookline, Mass., and graduated from Trinity College, Hartford, Conn. He lives in Washington with his wife, Wendy Gray.
With some employers offering work from home on a permanent basis, and others offering more space and privacy to the workers who do come in, office rents are projected to fall. And those lower prices could make New York and San Francisco affordable and livable again.
When it comes to the racial wealth gap, the Fed has a lot to answer for — not in its conduct of monetary policy, but in presiding over a radical deregulation that wiped out thousands of community banks, reducing the flow of credit to Black people and other people of color.
Google’s purchase of You Tube and Waze, Facebook’s purchase of What’s App and Instagram, Amazon’s purchase of Zappos and Ring — all of these were given the green light by the Justice Department and the Federal Trade Commission.
The markets discounted the coronavirus pandemic and recession, and investors look set to shrug off the prospect of a Democratic sweep in November — even though that could bring a reversal of Trump's corporate tax cuts and deregulation.