Money Archives - Page 6 of 27 - Pittsburgh Quarterly

Last week we discussed the bad science at the WHO and CDC, which ignored asymptomatic spread of COVID – the primary transmission mechanism. The CDC should have recommended that all Americans get tested regularly, whether we had symptoms or not, but they didn’t. So we didn’t – we were following the science. Previously in this series: Panic …

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Creative Capital Money

Asymptomatic Spread

by Greg Curtis

We’re going over examples that demonstrate how difficult it is to “follow the science,” especially in the early months and years of something as novel and complex as COVID. Let’s take a look at the phenomenon of: Asymptomatic spread Previously in this series: Panic is a Virus Part V: Bad COVID Science When we say …

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Creative Capital Money

Bad COVID Science

by Greg Curtis

Last week I reported on the World Health Organization’s pigheaded approach to how COVID is transmitted – by droplets, they said, so we all needed to wash our hands constantly and sanitize all surfaces. Handwashing and sanitizing didn’t kill us – it was hygiene theater – but the panic engendered by WHO’s bad science did kill us. Previously in …

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Creative Capital Money

Follow the Science?

by Greg Curtis

I said, ‘Mr. Purple people eater what’s your line?’/He said, ‘Eating Purple people and it sure is fine!’ Sheb Wooley, 1958 Thanks to Sheb Wooley, we know why there are no Purple people in America. Unfortunately, that leaves only Blue people and Red people, and among the (many) things we all got wrong during the pandemic …

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Creative Capital Money

The Mask Fiasco

by Greg Curtis

The mask controversy got off to a bad start when, early in the pandemic, the nation’s highest-ranking health officials flip-flopped on the issue. Here is Surgeon General Dr. Jerome Adams in February 2020: “Seriously people – STOP BUYING MASKS! They are NOT effective in preventing the general public from catching #Coronavirus!” Previously in this series:The …

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Creative Capital Money

The Lesson of Japan

by Greg Curtis

“Call it the Zen art of lockdowns.” — Alistair Gale and Miho Inada While we’re on the subject of lockdowns, let’s briefly take a look at the experience of the “Zen art of lockdowns” in: Japan Previously in this series: Panic is a Virus: Part I When the pandemic hit Japan, the country had fewer …

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Creative Capital Money

Panic Is a Virus

by Greg Curtis

“We are certainly right now in this country out of the pandemic phase.” Dr. Anthony Fauci, April 26, 2022 Whether or not the pandemic is really over, the acute phase of the disease is, I hope, largely behind us, and we can now, at last, enjoy a brief bit of perspective on COVID and our …

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Creative Capital Money

Stefan Lorant, The Conclusion

by Greg Curtis

Although disaster had been briefly averted, the key word was “briefly,” as we’ll see in the final episode of this series, which I’ll call: More Trouble in Lenox Previously in this series: Stefan Lorant Part VI, Of Charm and Disaster Lorant and I were passing through the kitchen on our way out the back door …

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Creative Capital Money

Charm and Disaster

by Greg Curtis

Following the fiasco of the “crystal palace,” I decided to take sterner measures with Lorant. I called him up and told him that unless we could resolve the problem of the purloined photographs, it was unlikely the fifth edition of the Pittsburgh book would ever see the light of day. I also told him I …

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Creative Capital

Of Crypts and Art Thieves

by Greg Curtis

My next story about Lorant is a short one, but memorable, at least to my wife and me. We’ll call it: Tale from the Crypt Previously in this series: Stefan Lorant Part IV, Read All Over the World My wife, Simin, is half-Czech, and Stefan seemed to be deeply infatuated with her. Or maybe he …

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Creative Capital

Read All Over the World

by Greg Curtis

Pittsburgh: The Story of an American City was ubiquitous in Pittsburgh. It seemed as though everybody who was anybody had a copy, and some people had copies of every edition. Previously in this series: Stefan Lorant Part III, Charming and Impossible But what was remarkable was how well the book was known outside Pittsburgh. The first edition …

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Creative Capital

Charming and Impossible

by Greg Curtis

Stefan Lorant was a dashing, debonaire fellow when he was young, and even in his late old age he remained attractive to women. One 40-year-old divorcée recalls having an affair with Lorant when the latter was in his eighties. “He was impossibly romantic,” she told me. Previously in this series: Stefan Lorant Part II, The …

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The Book on Pittsburgh

by Greg Curtis

Wherever Stefan Lorant went in his life – whatever job he held, whatever town he lived in, whatever nation – he had a remarkable knack for being in the right place and for sniffing out who the most important people were and meeting and befriending them. Previously in this series: Stefan Lorant, Part I In …

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Business Money

Russia, Ukraine and the Markets

by PQ Staff

Editor’s note: Pittsburgh Quarterly recently asked regional financial experts to respond to the following question: The Russian invasion of Ukraine has further increased energy and food prices and disrupted supply lines for key manufacturing inputs. What are the implications for the global and U.S. economies? James Armstrong, Henry Armstrong Associates Free and open trade have …

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Stefan Lorant

by Greg Curtis

Stefan Lorant, the pioneering photojournalist, was born at the turn of the twentieth century and died 96 years later, at the century’s end. In between, everywhere Lorant went and everything he did ended up having momentous consequences. Some of those consequences were micro and personal – but memorable – while others were macro and geopolitical. …

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China’s Xi Is Having a Really Bad War

by Greg Curtis

“Putin’s War Is Xi’s Worst Nightmare” — Headline above Craig Singleton’s article in Foreign Policy The term idée fixe refers to a monomania of the brain, a pathology of the mind, an erroneous notion that nonetheless powerfully resists almost any attempt to modify it. When an idée fixe establishes itself in the mind of an all-powerful autocrat, the consequences are always …

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Business

The Fed and Inflation

by PQ Staff

Editor’s note: Pittsburgh Quarterly has regional financial experts to respond to this question: Inflation has proven to be higher and “stickier: than the Fed expected. Do you think the Fed’s policies are appropriate or is the Fed behind the curve? What is your best estimate for inflation at the end of 2022? Linda Duessel, Federated …

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U.S. Policy Blunders Helped Provoke Ukraine War

by Greg Curtis

Whose Fault is the Ukraine War? “[Post-Cold War], many American elites embraced a vision of a U.S.-led ‘liberal international order’ which could theoretically integrate the entire world… into a single, globalized whole.” – Stephen Kotkin, Princeton University Previously in this series: A Coat of Varnish Part V, ESG Investors Need to Wake Up to Reality …

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Business Money

Rough Ride for Markets

by PQ Staff

Editor’s note: Pittsburgh Quarterly asked regional financial experts to respond to two questions, one about effects on the economy of the war in Ukraine and the other of the effects Federal Reserve actions (or inaction). Many of their answers to the first question are below, followed by the second question and many of their answers …

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Creative Capital

ESG Investors Need to Wake Up to Reality

by Greg Curtis

Will ESG Finally Grow Up? “ESG is a huge, gross gravy train for fund managers, consultants, and marzipan layer technocrats of various flavors. The whole thing is rotten. If you work in the space, your choices are to be a useless idiot trolling in the trenches for what you think is a good cause, be …

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The Fed’s Failure – and There Goes Climate Change

by Greg Curtis

The Fed Is Having a Bad War “The Fed’s odds [of achieving a soft landing] are now substantially below 50-50.” — Alan Blinder “The Fed that Failed.” Title of an article in “The Economist” “I have been humbled.” Fed Chair Jay Powell Previously in this series: A Coat of Varnish Part IV, History’s Lessons and Historic …

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Money

Will Stocks Go Lower this Year?

by PQ Staff

Editor’s note: Pittsburgh Quarterly asked regional financial experts to respond to this question: “Do you believe U.S. markets have already seen their lowest levels for 2022? If so, why? If not, why not?” The question was asked in March with an April deadline. We thank them for giving readers their responses, which follow. Linda Duessel, …

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