The Neighbors

The cookies had come out of the oven earlier in the week. Delicious and gooey and way too tempting. Free range brown eggs, Amish butter flavored with sea salt, and semi-sweet chocolate chips that had tumbled out of a shimmering gold bag from Ghirardelli, the same chocolate chips that had been pillaged from the shelves …

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Positioning Client Portfolios: PNC, Confluence Financial Partners, J.P. Morgan, Huntington

Each year in the summer issue, we ask a group of Pittsburgh’s leading investment experts to answer a question for our readers in 250 words or less. This year’s question: “The coronavirus has led to the first bear market in more than a decade with widespread uncertainty remaining. How are you positioning your client portfolios …

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The Invincible Elder

“Judas was hang’d on an elder…” —Biron in Shakespeare’s “Love’s Labour’s Lost” “What shall we do with it?” Ron Weasley asked Harry Potter and Hermione in “Harry Potter and the Deathly Hollows.” “It’s the elder wand. The most powerful wand in the world. With it we’d be invincible.” Who knew that the lowly-looking shrub perched …

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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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Pittsburgh Tomorrow Podcast: Aaron Watson, CEO of Piper Creative

We began recording the voices of Pittsburgh Tomorrow in January through early March as a new decade fueled excitement about the future of our community. We delayed publishing the interviews, however, during the pandemic shutdowns. Now, it is too soon to know how the virus, it’s economic aftermath and the recent protests and riots will …

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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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The Plan That Would Have Changed the World

For readers who missed part 1 of this series of posts, I am summarizing a fictional novel written almost 40 years ago. Gen. Willy Green sat staring at the file on his desk, still not quite believing what it contained. The second document in the file—the one right after the red-outlined official form that told …

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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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Positioning Client Portfolios: Federated Hermes, Northwestern Mutual, Bill Few Associates, Schenley Capital

Each year in the summer issue, we ask a group of Pittsburgh’s leading investment experts to answer a question for our readers in 250 words or less. This year’s question: “The coronavirus has led to the first bear market in more than a decade with widespread uncertainty remaining. How are you positioning your client portfolios …

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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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Happy Hour

The boxed wine seemed like a good idea. So did the cheese—smoked Gouda and Wisconsin cheddar that came in thick blocks and occupied all the real estate on a fancy cracker dusted with sea salt. So the place mats were arranged on the weathered picnic table that in another lifetime was painted a deep, forest …

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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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Pittsburgh Tomorrow Podcast: Michael McQuade, VP for Research at CMU

We began recording the voices of Pittsburgh Tomorrow in January through early March as a new decade fueled excitement about the future of our community. We delayed publishing the interviews, however, during the pandemic shutdowns. Now, it is too soon to know how the virus, it’s economic aftermath and the recent protests and riots will …

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April Unemployment Nears 17 Percent

Unemployment in the seven-county Pittsburgh Metropolitan Statistical Area reached 16.8 percent in April—just below the region’s peak unemployment rate in the early 1980s. For the first time since the collapse of the steel industry, fewer than one million people were employed in the Pittsburgh region, according to preliminary employment data from the Pennsylvania Department of …

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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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Photo as Fact?

Living through the COVID-19 pandemic will become another watershed moment in our lives, and we will be asking “Where were you when…” for years to come. I remember what I was doing when the planes hit the twin towers on 9/11, but the event that rocked my world was the assassination of JFK. I might …

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The Top Secret File

For readers who missed part 1 of this series of posts, I am summarizing a fictional novel written almost forty years ago. When we left George and Jenny Leader’s soiree last week, the 13 people at the dinner table were locked in intense discussions about what sort of government could have elected (that is, reelected) …

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Larimer Field

Before every game, before they hit us infield, the coaches yelled, “Line up,” and both teams, twenty-eight Little Leaguers, formed a skirmish, from the plate, down the left field line until it ended at the cyclone fence on Lenora Street where the old Abruzzese who didn’t speak English, and didn’t know baseball, except DiMaggio, sat …

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Pittsburgh Tomorrow Podcast: Douglas Heuck

Pittsburgh Quarterly’s Douglas Heuck reads his editor’s letter from the Spring 2020 issue. Editor’s note: The following column was published in the Spring issue of Pittsburgh Quarterly, just before the coronavirus changed the landscape across the world. It was part of an overall package entitled “Pittsburgh Today & Tomorrow” dedicated to considering changes that we …

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The Curtain Rises on a New Reality

The music of Chopin isn’t soaring through Heinz Hall. “Jersey Boys” won’t dance in sync on the Benedum stage. And a mid-June Friday night at Point State Park won’t be packed with concert-goers in lawn chairs. Instead, the Pittsburgh region’s arts and cultural organizations—which employ 15,000 and add roughly $1 billion in direct spending into …

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America 2.0: An Old Novel Idea

When I was serving in the U.S. Army in the early 1970s, I spent a lot of time patrolling in my Military Police Jeep and boring myself silly. Being a cop is a bit like being an airline pilot: hours of boredom punctuated by moments of stark terror. To relieve the boredom, I wrote a …

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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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