COVID-19

Pittsburgh Renters Have Kept up Their Payments—So Far

On a July Pittsburgh afternoon, temperatures soared into the 90s. Public pools were dry, closed by pandemic restrictions. But for mask-wearing residents trickling out of Eastside Bond, a high-end East Liberty apartment complex, their private outdoor pool offered relief. There are new rules: Masks when not swimming; stay six feet apart in and out of …

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Looking for Answers in the Past to Blunt Pandemic Job Losses

At the entrance of Laurel Hill State Park, a bronze statue of a strapping young worker pays homage to the men who built the verdant park with a lake in Somerset County as part of a federal Citizen Conservation Corps created to ease the pain of crippling job losses during the Great Depression. Almost 90 …

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Colleges and Schools Can and Should Open in a Way That Does the Least Harm

Any untimely death is a tragedy. Our youth die in transit to and from schools and universities every year, but these institutions are not shut down as a result. Engaging in life involves some risk of death. COVID-19 deaths in youth are rare. Rational policies should aim to minimize such risks with no expectation of …

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Pandemic Heats Up Housing Market

The COVID-19 pandemic disrupted business as usual in the residential real estate industry as it swept through the Pittsburgh region in March. It shut the doors on open houses, cancelled showings and stifled home inspections. But it failed to curb demand. A Howard Hanna real estate agent helped a seller stage a home via Facetime …

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Pandemic Slams Pittsburgh Jobs

The COVID-19 pandemic continued its attack on the Pittsburgh metropolitan job market in May with the region losing 175,800 jobs since May 2019, according to U.S. Bureau of Labor Statistics. All of Pittsburgh Today’s 15 benchmark regions posted significant job losses in May. The seven-county Pittsburgh Metropolitan Statistical Area lost 14.6 percent over its jobs …

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Working in the Coronavirus Era

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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An Eroding Anomaly

The economic fallout of the pandemic threatens to weaken long-struggling fire and ambulance services in southwestern Pennsylvania that were already strapped for cash. Although the way the region’s fire and ambulance services are structured varies, they share daunting challenges including a dearth of new staff and a perennial lack of funding. And social distancing restrictions …

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Pittsburgh in Crisis

Editor’s note: 2020 has been full of calamity and adversity and it’s only June. Whether the pandemic and unprecedented economic shutdown or the more recent protests that have erupted here and across the world, the ordeals have ushered in a year that’s been unrecognizable from any that preceded it.  Photographer John Beale has captured images …

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COVID-19 Survey: Allegheny County Residents React to the Pandemic and Shutdown

Stay-at-home orders, business closures and other social distancing measures taken to slow the spread of the coronavirus in Pennsylvania were appropriate and necessary in the eyes of 70 percent of Allegheny County residents surveyed last week. More than two-thirds reported they’ve suffered no or only minor financial losses as a result of the COVID-19 pandemic. …

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Never Let a Good Crisis Go to Waste

By chance, in early January, I watched a Netflix series called “Pandemic,” so my sensors were attuned early for the virus news from China. I was initially surprised that people were slow to give it credence and that financial markets blithely reached all-time highs Feb. 19. Soon enough though, as virus news swept the globe …

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Billions Ride on Pandemic-Hampered Census

COVID-19 is quietly threatening southwestern Pennsylvania’s share of billions of federal dollars that will be critical if the region is to recover from the pandemic with hopes for a future of growth and vitality intact. For months, the pandemic has disrupted the decennial census, putting at risk efforts to get a complete count of the …

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Pittsburgh’s April Job Loss Is Worst Ever

The COVID-19 pandemic hit the Pittsburgh metropolitan job market with record-breaking force in April, with the region losing 204,500 jobs compared with April of last year, according to the U.S. Bureau of Labor. Pittsburgh’s loss reflects the employment picture across America as the economic impact of the pandemic intensifies. The United States lost 20.5 million …

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Pandemic Widens Pittsburgh’s Digital Divide

In Pittsburgh and across the nation, the coronavirus pandemic has isolated residents in their homes and shifted huge swaths of public life to the digital world that 1 in 10 people in southwestern Pennsylvania are left out of. Closing longstanding gaps in access to the Internet has taken on new urgency as employers, educators, doctors …

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Pitt Study: Soaring Municipal Failures Loom

More than 100 southwestern Pennsylvania municipalities will be in financial distress next year if the economy can’t shake free from the grip of the coronavirus and prevent budget reserves from being drained and tax revenues from drying up, a new study suggests. Municipal officials, uncertain of the duration of the outbreak and severity of the …

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“Historic Low Levels of Pollution”

Pittsburgh and surrounding neighborhoods received a respite from air pollution in the weeks after nonessential businesses were closed and residents were urged to stay at home and off the streets to help slow the spread of COVID-19. Fine particulate pollution and smog-making gases fell to levels rarely seen in Allegheny County from March 15 to …

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Virus Fallout

Even as it’s leading the fight against the coronavirus in Pittsburgh, Allegheny County is facing a devastating decline in revenue because of the virus. The county depends on a wide array of tax revenues that are certain to decline, at least during the next several months, due to business closures, stay-at-home orders and the slowing …

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Coronavirus Investing

Editor’s note: We’ve asked a group of the region’s leading wealth managers to respond to this question: “The coronavirus has led to the first bear market in more than a decade with widespread uncertainty remaining. How are you positioning client portfolios in this fraught environment?” In today’s online feature, a group of advisors give a …

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Development Boom On Hold

Pittsburgh’s landscape was about to undergo a major facelift this year. The Strip District, Station Square, the lower Hill District were all to break ground on major commercial and multi-use real estate projects. Until COVID-19 arrived. The sudden sweep of the pandemic across the region halted most new construction. Delays in building are compounded by …

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Municipal Nightmare

The COVID-19 pandemic has brought municipalities across southwestern Pennsylvania face to face with the prospect of steep financial losses as stay-at-home orders, business closures and soaring unemployment choke off streams of revenues vital to paying their bills and providing the day-to-day services their residents rely on, such as police, garbage pickup and road repair. The …

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Who Is Most Affected When Places of Worship Close?

The closing of churches, synagogues and other places of worship during the COVID-19 pandemic affects the practices of nearly 2 in 3 Allegheny County residents. But the hardship is not evenly shared. Hardest hit are residents who regularly attend religious services, such as those who attend every day or at least once a week. In …

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Now That the Money’s Gone

As regional banks brace for another wave of small business loan applications, questions surrounding the emergency federal program are front and center after the first $349 billion quickly ran out. Congress and the White House were reportedly near a deal late Monday that would add more than $300 billion to the Paycheck Protection Program, which …

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The City of Pittsburgh Faces Crisis but Its ‘Rainy-Day Fund’ Leaves It Better Prepared Than Most

In a letter to the White House Monday seeking federal support, Pittsburgh Mayor Bill Peduto projected a 21 percent loss in revenues this year. The expected $127 million loss will plunge the city into a financial crisis, but that blow may be softened by a little known rainy-day fund. “Over a five-year period from 2020–2024 …

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