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Wall of Worry

Editor’s note: Pittsburgh Quarterly asked regional financial experts to respond in 200 words or fewer to this question: What are your expectations for inflation, interest rates and U.S. equities (stocks) this year, and how are you advising clients during this continuing market volatility and uncertainty? (Responses were submitted by late April.) LINDA DUESSEL, FEDERATED HERMESHas …

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Russia, Ukraine and the Markets

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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The Fed and Inflation

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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Rough Ride for Markets

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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Real Estate Trends

As we enter a new calendar year, the pandemic continues to impact real estate in multiple ways. The primary thesis is that for some real estate sectors, the pandemic has only been a temporary disruption, while for others, it has accelerated preexisting conditions. But even within those premises, there are also sectors that have been …

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Seeking a Broad-Based Pittsburgh Economy

by Douglas Heuck

Q. What is Pittsburgh Works? How and why did it come about? A. Pittsburgh Works is a coalition that believes in the importance of having a strong and balanced local economy that includes and appreciates all of the important industrial sectors, including energy and manufacturing. We need jobs of all kinds for all kinds of …

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Where the Dead Go

Stroll through Pittsburgh’s historic Homewood Cemetery on a clement day, and it’s hard not to feel oneself shuffling off this mortal coil for a spell. The serenity of the rolling, tree-lined hills against the backdrop of Frick Park; the acres of carefully maintained plots featuring everything from angels to obelisks to massive granite mausoleums; the …

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Working in the Coronavirus Era

by Douglas Heuck

Q. How do you expect the aftermath of the coronavirus to change the working conditions for the American workforce? A. It’s definitely going to change working conditions. It’s also going to change the way we arrange work. Social distancing is going to change the workplace. The recovery is going to be gradual. I think you’re …

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A Liberal Approach to Business

by Chris Allison

Because you study anything and everything at a liberal arts college, you might say that it resembles an episode of Seinfeld, the observational comedy show about nothing. And because nothing really prepares you for a business career, the liberal arts might make the best choice. Late one night in 1992, my father phoned, asking me …

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Death Becomes Her

by Elizabeth Wiethorn

“Why?” is the obvious question: dead bodies of all ages (arriving daily), grieving families, being surrounded by sadness and despair, not to mention dealing with the more unseemly but necessary “physical” aspects of the job. As a family business—sure, that makes sense—family pressure can go a long way, and there is no shortage of customers, …

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The Working Life

by Madison Nicole Snyder

Work is a fact of life for nearly 1.2 million southwestern Pennsylvanians. Some love what they do; others, not so much. Either way, work consumes a healthy share of their time and energy. Their weeks are structured around it. It’s what puts money in their pockets. What do Pittsburghers think about their jobs? Pittsburgh Quarterly’s …

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A Look Inside Google’s Unconventional Bakery Square Offices

by David Aschkenas

What is really behind the brick walls of that redeveloped Nabisco cookie factory building in Bakery Square, labelled with Google’s colorful logo? Think: hammocks, coffee shops, dining rooms, gaming rooms and pool tables. Created in collaboration with local architecture firm Strada, Google’s office space in Pittsburgh’s East End is playful, unconventional and inspiring with many …

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How My English Degree Helped Build a Tech Company

by Chris Allison

When I was 26, my dad got sick and asked me to take over as CEO of the tech company he started. I was armed with my English major from Allegheny College and a couple of years in a retail management training program. In other words, I didn’t have a clue. Or so I thought. …

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The Agency Game

Pipitone Group, an ad agency in Pittsburgh’s Observatory Hill neighborhood, counts Vitro Architectural Glass as one of its largest clients. For the Cheswick-based company, which purchased PPG Flat Glass in 2016, Pipitone manages advertising and web strategy. Yet when Vitro wants to develop and implement a public relations initiative, it brings to the table another …

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Pittsburgh Business Show Ready to Launch Second Year

by Douglas Heuck

Last year, Linda Jo Thornberg created the Pittsburgh Business Show with notable success, attracting 157 exhibiting business and 2,800 attendees. Prior to this year’s show, April 25 and 26 at the David L. Lawrence Convention Center, we asked her how she got the show started and what to expect in its second iteration. Q. How …

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A Lesson in Growth from Austin, Texas  

by Paul Scripko

With the U.S. Census Bureau reporting continuing populations losses for metropolitan Pittsburgh, the region is one of only a few “large” U.S. metros reporting losses, putting us in the company of Youngstown, Ohio and Altoona/Johnstown, Pa. This is not a good story. Companies often choose where to locate or expand in places people want to be. …

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The Union Project

by Lori Jakiela

“Work is about a search for daily meaning as well as daily bread.” –Studs Terkel When my friend Sara asks me to work a catering gig, a hipster-ish wedding in a rehabbed church called The Union Project, I say, “I am so in,” and she says, “Really?” as if she expected me to say no. …

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Examining Austin as a Boomtown—Lessons for Pittsburgh?

by Paul Scripko

Today’s high in Austin is 104 degrees, with 106 predicted for tomorrow. Even the native Texans, proud and defensive of the State’s hardships, are complaining. It has become a standard topic of conversation between strangers in elevators and in bars. And still the masses make their way here. Sit in traffic—which we do a lot of …

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What Will the Shell Cracker Bring Along with It?

by Ashley Murray

Orange plastic curtains protect passers-by from blow torch-wielding workers who are learning to weld in a new training facility for Steamfitters Local 449. The building on the border of Butler and Beaver counties represents an $18 million bet on a building boom that economists and government officials say the nearby Shell cracker plant will spur. …

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China: The New Normal

by Dennis Unkovic

“All is flux, nothing stays still.” –Heraclitus (540–480 BC). China in 2017 only vaguely resembles the China I described in a 2006 overview for Pittsburgh Quarterly. Few countries have ever changed so much in such a short period. Sit back, because it is time to rethink what you need to know about today’s China. A …

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Whistleblower

by Jennifer Papale Rignani

In 1991, the smell of Nabisco saturated the air in Pittsburgh’s eastern neighborhoods. The cookie factory was still just that, years away from its second act as a Google anchor. Sears was closed, but its big blue shell sat fading in the parking lot on Highland Avenue. Peabody wasn’t Obama and Bush I was in …

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The Puzzle of “E”

by Tom Flannery

If you didn’t read my first piece, I was prompted to consider writing this blog by my own passage through late middle age to advanced middle age. I can see the end of the road, career-wise, through the haze. My younger, more energetic colleagues are assuming more of the responsibility in our office and are …

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