Money Archives - Page 4 of 26 - Pittsburgh Quarterly

Creative Capital

Joe Buys the Place at Auction

“I guess that all I can hope for is that, when people think of me, they think, ‘Hey, that jackass started out with only $5,000 and made a fortune. Maybe I can, too!’” Joe Hardy to Jeff Sewald in Pittsburgh Quarterly Previously in this series: Firings All Around! The Nemacolin property was being sold at a bankruptcy …

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Creative Capital

Firings All Around!

I had no choice but to fire “Harry” on the spot – and then have him carefully escorted off the property so he wouldn’t steal the silverware – but that left me with no one to run Nemacolin and four muckety-mucks arriving in a few days. “Don,” the weird private eye I’d hired, promptly offered …

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Creative Capital Money

The Plot Thickens

I’d hired a guy named “Harry” to run Nemacolin for me, and a private eye named “Don” to check up on Harry, but I wasn’t a completely hands-off boss. As Harry began improving the ambience of the place, I got involved, changing the named from “Nemacolin” to “Nemacolin Woodlands” and sketching out a logo that …

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Creative Capital Money

Joe Hardy, Nemacolin and Me

Some years ago I became the head of a family office for one of America’s wealthiest families. Very near the top of my to-do list, which the family had unceremoniously handed me on my first day, was something that read, “Sell Nemacolin.” As far as I knew, Nemacolin had been a famous chief of the …

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Creative Capital Money

Are Happy Days Here Again?

Given two back-to-back horrific years – 2020 and 2021 – you might have supposed that a kind God would have given us a break in 2022. No such luck – The Evil Years continued. War in Ukraine On the morning of February 24, 2022, the New Year having hardly gotten started, the vaunted Russian army …

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Creative Capital

Three Years to Forget

In my view we can take 2020, 2021, and 2022 and stick them where the sun don’t shine. I know, I know, I need to keep matters in perspective. Those three years weren’t actually as bad as, say, the Black Death (200 million dead), the Great Depression, World War II (120 million dead). They weren’t …

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Creative Capital

Final Thoughts on Cuba and Ukraine

“Never in history has Russia made such stupid decisions.” — Russian General Leonid Ivashov What can we learn from the Cuban Missile Crisis way back in 1962 that might be useful in navigating Vladimir Putin’s nuclear threats today? Here are some thoughts. Previously in this series: Too Who Blinked, Pt VI Don’t panic Although the …

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Creative Capital

Who Blinked?

As we noted last week, several days into the Cuban Missile Crisis, President Kennedy began to receive almost bizarre letters from Nikita Khrushchev – long, disjointed missives that seemed to be almost steam-of-conscious ramblings. One letter offered to remove the missiles if the US would promise publicly not to invade Cuba. But very shortly after …

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Creative Capital Money

The Khrushchev Conundrum

“President Kennedy will] make a fuss, make more of a fuss, and then agree.” — Nikita Khrushchev, predicting how JFK would respond to the Soviet missiles in Cuba. Previously in this series:Too Close For Comfort, Pt IV We’ve walked through the actual events of the Cuban Missile Crisis, so let’s now look at the negotiations …

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Creative Capital Money

Too Close for Comfort

“This was not only the most dangerous moment of the Cold War, it was the most dangerous moment in human history.” — Arthur M. Schlesinger Jr. Last week we watched as the captain and political officer of a Soviet B-59 submarine agreed to launch a nuclear-tipped torpedo at the US Navy ships that had located it. …

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Creative Capital Money

The Blackest Day

“It isn’t the first step that concerns me, but both sides escalating to the fourth or fifth step and we don’t go to the sixth because there is no one around to do so.” JFK to EXCOMM Previously in this series: DEFCON 3, Pt II On October 25, 1962, the world was very close to …

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Creative Capital Money

DEFCON 3

We are examining the nuclear threats propounded by Vladimir Putin during the Ukraine conflict through the lens of the nuclear threats propounded by his predecessor, Nikita Khrushchev, during the Cuban Missile Crisis in 1962. Previously in this series: Ukraine through the Lens of Cuba, Pt I Last week we looked at the events that led …

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Creative Capital Money

Ukraine through the Lens of Cuba

“I’m looking forward to being an old man. I have to, you can’t look back on it.” — Jerry Seinfeld One of the good things about being an Old Coot – maybe the only good thing about being an Old Coot – is that you can vividly remember events other people only know about if they’ve studied …

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Creative Capital Money

Beating Long COVID

Vitamins. Okay, I know you are disappointed, you were expecting more. Maybe the rediscovery of a century-old drug everyone had forgotten about but that had magical properties when it came to over-active immune systems. Maybe a new concoction made up of equal parts lithium and kryptonite. Previously in this series: Poor, poor Pitiful Me, Beating …

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Creative Capital Money

Poor, Poor Pitiful Me

On December 28, 2021, despite being double vaxxed and boosted, I tested positive for COVID. So much for the vaccine’s 96 percent success rate. Over the following week my symptoms got worse and worse – basically, the flu-from-hell – and eventually I called my doctor. Previously in this series: Beating Long COVID, Part I He …

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Creative Capital Money

Beating Long COVID

Among the many things medical science didn’t anticipate about the pandemic was the phenomenon of so-called “long COVID.” People, many of whom who were double vaxxed and boosted, got sick and never got completely better. Symptoms vary, but may include serious fatigue, fever, cough, “brain fog,” vertigo, digestive troubles, loss of smell and/or taste, depression, …

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Innovation Money

A Letter from Philadelphia

by Robert Dickey IV

When I grew up in Pittsburgh in the 1960s and ‘70s, for a time it had the third-largest concentration of corporate headquarters in the U.S. with US Steel, Mellon Bank, Alcoa, H.J. Heinz, Koppers, Rockwell, Dravo, Westinghouse, and others. Since then, Pittsburgh has seen many changes, some anticipated, others completely new and unexpected. But I …

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Creative Capital Money

The Conclusion: Lessons to Remember for Next Time

Norwegians, including those serving on the Koronakommisjonen, are so polite and self-effacing that one has to read between the lines to understand just how remarkable the country’s pandemic response was. It turns out it was that very modesty, that national humility, that was at the core of what made them successful. Previously in this series: …

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Creative Capital Money

The Lessons of Norway

I want to bring this series to a close by comparing what happened in the U.S. with what happened in – Norway. Previously in this series: The Problem with Overselling Vaccines Why, you may be thinking, Norway? It is, after all, a tiny, homogenous country about the size of Phoenix, but far less diverse. The …

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The Problem with Overselling the Vaccines

I’m claiming that the final group of vaccine-hesitant people – anti-vaxxers, if you prefer – was “nearly all of us.” The reason is that the vaccines, which were actually a wonderful advance, were oversold to us, and as we gradually found that out, our faith in the vaccines – and in medical science itself – …

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The Real Numbers Behind the Vaccines

Let’s look at two more vaccine-hesitant groups of people: People who live in rural areas Previously in this series: Panic is a Virus Part VIII: Looking at Vaccine-hesitant People I live within walking distance of two of the best hospitals in the world, but many people are not as lucky. Almost three-quarters of the counties …

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Creative Capital Money

Looking at Vaccine-hesitant People

I want to bring this series to an end with a couple of essays on a delicate subject. Vaccine hesitancy, or what some prefer to call the “anti-vaxxers,” has been a seriously divisive issue during the pandemic. I can’t tell you how many times people said to me (Blue people, that is), “It’s those stupid …

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