The Basement of Precision

The fork brace will steady the custom-built 1973 FXE that’s currently in progress. Right now, it’s sitting on a lift in the garage that sits in the alley behind Jeff’s house, sandwiched between single rows of towering red T&E tool chests and a ’75 Camaro waiting patiently for plates and insurance. That unsteadiness is what …

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Brexit Grexit Nexit Kerflop

The EU’s leaders “cling to the decaying corpse of a European super nation-state with no clue as to what alternative other than breakup and secession there might be.– Philip Bobbitt, Stratfor I’m right in the middle of a series of posts on how best to navigate a new era of very low equity and fixed …

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Jack Gilbert (1925-2012)

When I was 18 years old and knew next to nothing about poetry besides Bill Wordsworth and Ed Poe, my composition teacher passed a photocopy of one of your poems out to our class and it changed my life. I knew I hadn’t ever read a poem quite like it before. It seemed like everywhere …

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Getting Rich In a Poor Market, Part III

We are speculating about possible strategies investors might use if, as seems likely, we find ourselves mired in a long period of unacceptably low investment returns. Last week we looked at the possibility of adopting much more aggressive equity allocations than most of us would normally be comfortable with. We found that a portfolio allocation …

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The British Vote and Pittsburgh’s Demographics

We’re all trying to figure out the implications of the somewhat surprising news that UK voters decided by a comfortable majority to leave the European Union. No matter what side you identified with in this grand referendum, it’s always invigorating when democracy’s voices speak. With a record high voter turn out – over 70% of …

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Getting Rich in a Poor Market, Part II

If we are, in fact, facing a prolonged period of subpar returns in both stocks and bonds, as seems likely, there are almost limitless ways this future could play out. We might, for example, simply experience long years of generally positive – but low – returns, interspersed with down years. At the end of the …

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Pittsburgh Quarterly Turns 10

In early June, Pittsburgh Quarterly celebrated its 10th Anniversary with a cocktail reception for nearly 200 contributors, advertisers and friends at the Cultural Trust Cabaret Downtown. Speakers included: Pittsburgh Mayor William Peduto, who said the magazine’s in-depth journalism and particulary its measurement of Pittsburgh’s strengths and weaknesses helps keep the city moving forward; Richard Simmons, …

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Going Back in Time to Ambridge

Growing up in the early ‘80’s as a native-son of a local borough named after a steel-magnate, it’s easy to recall how mill closings affected my hometown. Layoffs were followed by hushed talk of unemployment checks, and later on, businesses shuttered leading to diaspora when folks looked to start fresh elsewhere. In a swath of …

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The City Should Welcome Shell to Downtown Pittsburgh

In the current issue of Pittsburgh Quarterly, Publisher Doug Heuck notes the collaborative work of Pittsburgh civic leaders in helping Pittsburgh’s economic rebirth. The recent announcement that Shell is now committed to building an ethane “cracker” plant in Beaver County is an opportunity to increase that collaboration. The natural gas in the region has a …

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I Knew I Wasn’t Poor

I knew I wasn’t poor, because I had a choice: buy tampons or birth control pills. I shoplifted. When I opened the oven door, splitting the closet-sized kitchen in half, my only plan was heat. The ice smooth on the inside of the windows, the no money to pay the bill. I knew I wasn’t …

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Getting Rich In a Poor Market

Virtually every thoughtful observer of the stock and bond markets has concluded that investment returns in the future are likely to be well below recent returns and even well below long-term norms. This situation is reminiscent of the late 1990s. In 1999, following an almost uninterrupted 17-year bull market, investors on average expected future stock …

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“It’s Bitcoin for Volunteers”

Dan Little has wanted to build the infrastructure of the future for a long time. So while he enrolled at Carnegie Mellon University to study architecture, he switched to civil engineering. “The recession happened and Obama got elected and there were all these promises about infrastructure. I thought, ‘It sounds like civil engineering is going …

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Offering a Way Out

There are about two dozen men—black, white, young, old—gathered in a well-lit commercial space that occupies 704 Main Street, Sharpsburg. In the front window is a white cross with an orange life preserver draped over it that reads Jesus Saves Lives. Anchored against the interior wall, in front of floor-to-ceiling mirrors hangs a wooden cross—about …

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Why Are We So Afraid of Democracy? Part III

I’m arguing that there are three main reasons why our faith in democracy has taken a hit in recent years. The first reason is the deadlock in Congress that has everybody so frustrated. But as I pointed out, this isn’t a US phenomenon, it’s a global phenomenon. And it’s persisted not because Congresspersons are idiots …

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Problem in Pittsburgh?

Pittsburgh’s unemployment rate, reported for the latest available month, April 2016, bumped up for the third month in a row to 5.8%. On the surface this is a disturbing figure given that most cities in our cohort group are experiencing falling unemployment rates. The unemployment rate in Charlotte is now down for the third consecutive …

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Mark

About 10 years ago, a six-inch bust appeared suddenly on top of a retaining wall in my back yard in Highland Park. How it got there was a mystery. Left by someone moving from the area? An abandoned kid’s toy? Or…something magical? The bust was creamy white and from a distance seemed likely a noble …

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Should We Go Fishing for PayPal?

Recently PayPal announced the cancellation of a planned operations center in North Carolina resulting from the passage of North Carolina HB2 (the “bathroom” bill). The reasons a company chooses a particular location to establish a facility are complex, but I believe Pittsburgh offers practically everything that was to be found near Charlotte. I would like …

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Room Service in Wonderland

The view from up here is majestic. The smudged, working class neighborhood of my youth has grown up to be a gentrified village whose renovated rooftops peer out of a sanitary blanket of January snow. I can almost hear the bustle of the hipsters and their Uber apps, heading out to work in the city. …

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Why Are We So Afraid of Democracy? Part II

Profound disagreements among the voting public have led, as noted in my last post, to profound disagreements in Congress. This has, naturally enough, led in its turn to a substantial decline in collegiality, willingness to compromise, and even civility in that not-so-august body. It’s hardly an exaggeration to say that Congress has accomplished hardly anything …

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Giant Eagle Misadventures

I appear to be a fully functioning, generally normal human being. I have friends, a family, a job, and some interesting hobbies. No felonies, no spectacular talents, no debilitating weaknesses, either. Just your basic person. But as the old song goes, “Everybody plays the fool, sometimes…” My time was not long ago, at the Market …

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Thank You for 10 Great Years

It was a cold January day 10 years ago when I got the call that the truck with our first issue of the magazine was stuck on a small South Side street. When I found the driver, his truck was snared in an impossible turn, stopping traffic. On the sidewalk at my feet was a …

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Rogers, Hundorfean, da Silva, Finegold, Clouser, Dermody, Bartlett

Susan Rogers is vice chancellor for communications at the University of Pittsburgh. She comes to Pittsburgh from Dallas, where she was vice president for university advancement at The University of Texas at Dallas. Previously, she was associate vice chancellor for university relations in the office of advancement at the University of Arkansas and director of …

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