COMMERCE

The Right Thing To Do

It had stormed the night before, hard enough to postpone the Pirates game and scrub the air, leaving it sharp and glittering for the early morning joggers along the North Shore Trail. The bridges overhead buzzed with the aggregate sound of thousands of people going to work. Halfway between PNC

Prospects for Pittsburgh Where You Might Not Expect Them

Two recent reports have me thinking about the Pittsburgh region’s future, especially those areas that aren’t part of the latest international praise for being “hip” or “high tech” or “urban cool.” It seems, touch wood, that a large part of the region is on the path to the only measures…

Down the Rabbit Hole

Each year in our summer issue, we ask a group of the region’s leading wealth managers to help our readers navigate financial waters by responding to a question. How would negative interest rates in the U.S. affect investors? Leading wealth managers respond…

Getting Rich in a Poor Market, Part VI

In a low return environment, investors need to do things differently if we want to have any hope of growing our capital. Many of these different things – the ones I’ve already talked about – have to do with playing offense in a smarter way. We’ve examined using more aggressive…

Getting Rich In a Poor Market, Part V

In my recent posts we’ve looked at various strategies investors might turn to if we find ourselves mired in a long period of unacceptably low investment returns. We’ve evaluated higher equity allocations, taking better advantage of the return premium associated with illiquid investments, and departing from indexing to try to…

The Decisive Decade

After going to college and law school in the south, Jack Barbour decided to return to Pittsburgh in 1979. “When I said I was going back to Pittsburgh, everyone looked at me like I was nuts. They still may look at me like I’m nuts. But there’s no longer that…

Thinking Green

Allegheny County got rid of desk-​side wastebaskets in the County Office Building and Health Department administrative offices last year and, as a result, sent 64 percent less trash to landfills.

Getting Rich In a Poor Market, Part IV

We’ve looked at two options for our portfolios if, as seems likely, we are entering into a period of historically low returns: more aggressive allocations to equities, and taking better advantage of illiquid assets. We now turn to the question of alpha.

Getting Rich In a Poor Market, Part III

We are speculating about possible strategies investors might use if, as seems likely, we find ourselves mired in a long period of unacceptably low investment returns.

Getting Rich in a Poor Market, Part II

If we are, in fact, facing a prolonged period of subpar returns in both stocks and bonds, as seems likely, there are almost limitless ways this future could play out. We might, for example, simply experience long years of generally positive – but low – returns, interspersed with down years.…

The City Should Welcome Shell to Downtown Pittsburgh

In the current issue of Pittsburgh Quarterly, Publisher Doug Heuck notes the collaborative work of Pittsburgh civic leaders in helping Pittsburgh’s economic rebirth. The recent announcement that Shell is now committed to building an ethane “cracker” plant in Beaver County is an opportunity to increase that collaboration.

Getting Rich In a Poor Market

Virtually every thoughtful observer of the stock and bond markets has concluded that investment returns in the future are likely to be well below recent returns and even well below long-​term norms. This situation is reminiscent of the late 1990s. In 1999, following an almost uninterrupted 17-​year bull market, investors…

Why Are We So Afraid of Democracy? Part III

I’m arguing that there are three main reasons why our faith in democracy has taken a hit in recent years. The first reason is the deadlock in Congress that has everybody so frustrated. But as I pointed out, this isn’t a US phenomenon, it’s a global phenomenon. And it’s persisted…

Problem in Pittsburgh?

Pittsburgh’s unemployment rate, reported for the latest available month, April 2016, bumped up for the third month in a row to 5.8%. On the surface this is a disturbing figure given that most cities in our cohort group are experiencing falling unemployment rates. The unemployment rate in Charlotte is now…

Should We Go Fishing for PayPal?

Recently PayPal announced the cancellation of a planned operations center in North Carolina resulting from the passage of North Carolina HB2 (the “bathroom” bill). The reasons a company chooses a particular location to establish a facility are complex, but I believe Pittsburgh offers practically everything that was to be found…
Welcome to Pittsburgh Quarterly
Win a two-night stay at Hotel Monaco

To enter to win a two-​night stay at Hotel Monaco plus dinner for two at The Commoner, sign up by June 20 for our great (and free) newsletter.

We’ll keep you updated with web-​only stories and art plus exclusive news and updates. Get more between the issues! Fill out the form below, and be sure to check your email for a link to confirm your subscription.

Kimpton Hotel Monaco Pittsburgh is a fantastic revival of the beautiful James H. Reed building, originally erected in 1903. The classic building in Downtown Pittsburgh serves as a captivating destination for both leisure and business travelers journeying to the Steel City. The stunning Beaux Arts-​style of the building is perfectly matched with the locally inspired interior of the hotel, which is both vibrant and whimsical. The Commoner, adjacent to Kimpton Hotel Monaco Pittsburgh, is an 120-​seat gastropub serving breakfast, lunch, brunch and dinner, helmed by executive chef Wyatt Lash. The restaurant’s menu showcases approachable, seasonal favorites, an expansive beer program and cocktails that lean toward the classics with an original twist.

Entry is open to anyone in the United States 18 years or older. Blackout dates may apply.

View past newsletters here.

Win a two-​night stay at Hotel Monaco plus dinner for two at The Commoner!

To enter, sign up below for our great (and free) newsletter by June 20. We’ll keep you updated with web-​only stories and art plus exclusive news and updates. Get more between the issues!

Already signed up? Please click the “Don’t Show This Again” button below

First Name(*)
Please let us know your name.

Last Name(*)
Invalid Input

Your Email(*)
Please let us know your email address.

Please check the box for security purposes.
Invalid Input

Don't have an account yet? Register Now!

Sign in to your account.