coronavirus

Shale Gas Was in Trouble, Then Came the Coronavirus

Shale gas produced by Appalachian region wells slipped 1.8 percent during the last three months. But what seems like a slight decline warns of a coming storm for an industry that has seen production rise consistently—and sometimes dramatically—every year since the gas-rich Marcellus play drew companies to southwestern Pennsylvania in droves more than a decade …

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When the Spanish Flu Swept In, Pittsburgh Failed the Test

Within days of Allegheny County’s first confirmed case of coronavirus in March, city and county officials moved to shutter nonessential businesses, with their efforts buttressed by stay at home orders from Harrisburg shortly thereafter. This was not the case in 1918, when the Spanish flu ravaged the region, state, nation and world. And Pittsburghers paid …

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The Deserted Streets of Pittsburgh 

In Downtown Pittsburgh, a beat cop checks the doors of businesses along Penn Avenue. The streets are empty except for the occasional person waiting at a bus stop. Market Square has an eerie feeling; eateries remain open for takeout, but few people pass through. On quiet Grant Street, an Allegheny County Sheriff’s Department vehicle passes …

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Viral Investing, Part II: What Should I Do Now?

“Profit from folly rather than participating in it. Be fearful when others are greedy. Be greedy when others are fearful. I prefer buying things. Otherwise, it’s a little like saving sex for your old age.” —Warren Buffett   “The true contrarian only buys when it makes him feel physically sick to press the buy key.” …

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As COVID-19 Cases Mount, Pa. Hospitals Get Some Relief

State lawmakers approved a $50 million relief package yesterday for Pennsylvania’s hospitals in what could be just the first infusion of cash into the statewide health care network as it battles the growing COVID-19 crisis. Legislators approved the money one day after a statewide hospital trade group urged them to set up a fund to …

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Viral Investing

“You make most of your money in a bear market, you just don’t realize it at the time.” —Shelby Cullom Davis Given the recent market volatility driven primarily by the outbreak of COVID-19, I thought I would share my current views. But first, a word about terminology. COVID-19 (coined, for reasons best known to them, …

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Coronavirus May Strengthen Pittsburgh’s Ties to Wuhan

Jim Wolf set about retooling Pittsburgh’s flagging Sisters Cities program two years ago at the request of city Mayor Bill Peduto. He guided its reorganization. He watched it secure non-profit status, raise enough money to hire an executive director and begin to restore relationships with several international cities that had gone fallow. To signal its …

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Hospitals, State Moving to Expand COVID-19 Testing

UPMC officials yesterday announced the Pittsburgh-based health system is developing a test of its own to detect the coronavirus, known as COVID-19, which could help expand the capacity to quickly determine who has been infected—something that has been a shortcoming of the U.S. response to the worldwide outbreak of the novel strain of virus. Meanwhile, …

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Local Hospitals Brace for the Coronavirus

The coronavirus has yet to reach southwestern Pennsylvania, buying local hospitals time to put in place strategies for responding to the novel virus that has spread to 113 countries worldwide. UPMC and Allegheny Health Network, the region’s two major health systems, are preparing their hospitals and facilities, educating their providers and addressing the public in …

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Region Prepares for Coronavirus

County officials across southwestern Pennsylvania are on alert for signs of the coronavirus in their communities as they review emergency response plans following a warning from the U.S. Centers for Disease Control that the United States will likely experience a “community spread” of the virus that has so far has infected 81,000 people worldwide and …

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