Money Archives - Page 25 of 26 - Pittsburgh Quarterly

It was, on the surface, a devastating indictment: a report in The New York Times, the nation’s leading newspaper, alleging that the natural gas industry—an eclectic and fiercely competitive collection of players that included in its ranks everyone from cowboy drillers to staid overseas nationals like StatOil Hydro—may have joined together in a secret cabal …

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Business

Middle East Connection

by Sean D. Hamill

For 18 years, the Columbia, Md.-based engineering and construction firm Allen & Shariff grew quickly in the mid-Atlantic area, opening its Pittsburgh office in 2000, and looking to expand internationally. It had enough success with projects in the United Arab Emirates that it opened an international office in 2008. But it couldn’t break into another …

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Business

A Toxic Topic

by Seamus McGraw

There is no doubt about it. The Marcellus Shale is radioactive, in every sense of the word. In the literal sense of the word, geologists and drillers have long known that each shale deposit has its own radioactive signature. In fact, they have often measured that radiation—from uranium, thorium, radium 226 and radium 228—and used …

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Retirement

A Touch of Gray

by Christine O'Toole

A thick report called “Boomers in the ’Burgh” arrived the other day, proposing that the city pitch AARP candidates on retiring here. The newest twist on the most-livable-city theme rang a bell. Back in the day, I wrote copy for a local inventions marketing firm, detailing the vast potential for improbable new ideas at $25 …

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Business

Politics and the Marcellus Shale

by Seamus McGraw

It was Nov. 3, one day after the stunning midterm elections that had routed the Democrats and left the party in disarray both nationally and in Pennsylvania. The political landscape was still smoldering when Karl Rove, one of the key architects of that Republican victory, stepped to the podium in a Pittsburgh conference center and …

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Innovation

Finding New Ways

by Matt Stroud

It’s around noon, and the winter sun shines on Fanny Edel Falk Elementary School at the top of the hilly University of Pittsburgh campus. Through a window facing southeast from one of Falk’s language arts classrooms, it looks as if you can see forever—toward Pittsburgh’s east suburbs and beyond. Many of the students seem keenly …

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Business

Masters of their Fate

by Jeffery Fraser

Dawn was still hours away when Jim Rohr emerged from National City Corp. headquarters in downtown Cleveland on Oct. 24, 2008. The streets were empty, but familiar. His grandfather’s deli had stood just across the street. Not far from there was where his father had moved the deli, which later became a restaurant. Rohr worked …

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Innovation

Found in Translation

by Jennifer Bails

Come on, Ima, vamanos! That was the exhortation from my 3-year-old recently when she wanted me to hurry up and get out the play dough. Like now, Mommy—before I scream… Interesting, I noticed (after gritting my teeth), that a little girl still grappling with the complexities and pitfalls of English has begun to integrate words …

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Business

Our Water and the Marcellus Shale

by Seamus McGraw

The rig, a 70-foot steel spire, soared above the manmade moonscape atop the plateau that Chesapeake Energy’s contractors had hewn out of the hillside on my family farm in Wyoming County. And as my 8-year-old daughter and I trekked along the ridge above it to get a better look, I was struck with an odd …

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Business

A Gas-Based Economy

by Seamus McGraw

It was mid-afternoon in late winter, and the public relations man for one of the larger drilling companies in Pennsylvania was driving me back along a rutted country road from a rig we had just visited. He had been extolling the virtues of the state’s vast cache of natural gas, ticking off the ways in …

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Business

Power Play

by Reid R. Frazier

Six years ago, Keith Schaefer was reviewing a portfolio of companies for a group of investors headed by Pittsburgh financier Sam Zacharias and Andy Russell, the former Steeler. Schaefer and his group were scrutinizing a company that used power lines for telecommunication. As he met with utility executives, the conversation veered off topic. “I realized …

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Business

Workers Wanted: The Marcellus Shale

by Seamus McGraw

It’s early, the sun is just peeking up over those western Pennsylvania hills, and it’s cold and bleak as he pulls into the brightly lit service station-cum-convenience store to fill up the pressed-steel canyon that is the fuel tank of the company-owned Cummins 3500 pickup he’s driving. There’s nothing in the world that Shawn Clark …

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Business

Considering the Alternatives

by Jennifer Bails

In 1926, much of Pittsburgh was still bathed in gaslight, and in that warm, industrial glow, Jim Ferry saw a future for himself, his family, and the city. The gutsy young entrepreneur formed his own business with a $160 loan that his mother signed using her furniture as collateral. He found his first customers by …

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Retirement

The Payoff Pitch

by Cristina Rouvalis

Nellie King is lying on a hospital bed, his once-sinewy muscles flaccid, his face ashen. The man who once hurled sinking fastballs past Frank Robinson and Ernie Banks is so weak from pneumonia that he can barely draw a breath. He has this terrifying sensation of his skin separating from his skeleton. His youngest daughter, Amy, …

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Money

2nd Half Money

by PQ Staff

The past year’s dramatic recovery in stocks now in the rear-view mirror; so what lies ahead for investors? Pittsburgh Quarterly asked a group of regional experts what they expect in the second half of 2010. Specifically, we asked how they view the markets and economy and what they’re recommending in terms of sectors and strategies. Not …

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Retirement

Affording Long-Term Care

by Cristina Rouvalis

For Dr. Saul Silver, buying long-term care insurance for himself was an easy choice. “My father was fully independent a year ago, but now he is driving around in a motorized cart. This is what happens when we get older. You can’t walk. You can’t take care of yourself. This is something we have to …

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Business

We Have the Power

by Reid R. Frazier

Turn on a light bulb. Run the dishwasher. Boot up the computer. Run a Google search. Somewhere, a turbine spins, a coal-laden barge docks near a power plant, a nuclear reactor harvests the bound-up energy of a uranium atom. Electricity generation leads to the release of harmful emissions and a relentless pursuit to extract more …

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Business

Marcellus Shale: Doing it Right

by Seamus McGraw

Oct. 8, 2009, at the Kearns Well near Brush Run, Washington County: As industrial accidents go, this wasn’t a particularly bad one. A valve on a massive water tank had failed. Designed for the low hydrostatic pressures encountered in the flatlands out west, the valve had been no match for the pressures generated by the …

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Business

Oxymoron or Opportunity?

by Jeffery Fraser

From Pittsburgh to the hills of West Virginia, a small army of scientists is racing to tame the billions of tons of carbon vented from coal-burning power plants, working with data sets, computer models, cost analyses and other such tools that belie the drama of their high-stakes investigation. Burning coal casts off nasty pollutants, including …

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Retirement

Choose Wisely

by Cristina Rouvalis

For Dee Strunk, it came down to the screened-in porch. She was touring retirement communities when she saw a charming porch in a carriage house at The Woodlands at St. Barnabus, and she knew this was it. The porch reminded her of the one she loved at her old house in McCandless. “It’s my own …

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Business

The Story of the Marcellus Shale

by Seamus McGraw

For days, they had been rumbling up the rutted dirt track that led to the top of the rocky dome above the rolling fields of Washington County; a ’round-the-clock procession of big rigs carting up thousands of gallons of water. They’d drop their loads, turn around as best they could in the axle-deep mud that …

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Business

Energy & Pittsburgh

by Douglas Heuck

Beginning in this issue and then picking up steam over the next three, Pittsburgh Quarterly is publishing a series examining Pittsburgh’s contributions to and potential in the realm of energy. Few regions in the world are as well prepared as greater Pittsburgh to play a key role in a variety of different energy sectors. When you …

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