Is Exercising Dangerous in Cold Weather?

Question: “Is it dangerous to exercise outdoors in extremely cold temperatures? I like to walk and jog year-round and am worried that breathing frigid air can cause lung damage.” The human body is designed to function in cold weather and has mechanisms that ensure the air we breathe is at body temperature and humidified when …

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Charlie’s Village Turns 100

It all started after Charles Bowdish returned to his hometown of Brookville, Jefferson County, after a stint in the U.S. Army during World War I. Exposed to mustard gas during the war and left with respiratory illness, he commenced building a miniature railroad and village so finely detailed that it was an instant hit when …

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Duck and the Defense Bring Home Another

The fireworks were on full display Sunday. Through the first 13 weeks of the season, teams had scored 40 points or more on 19 occasions. This week alone, five teams accomplished that feat, with a handful of 30+ performances sprinkled in. The Steelers have yet to eclipse the 30-point threshold, but the wins keep on …

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The Investment Policy Statement

“Te Kaitiaki Tãhua Penihana Kaumatua õ Aotearoa.” —The New Zealand Super Fund, in Mãori The final strategy Te Kaitiaki Tãhua Penihana Kaumatua õ Aotearoa follows (at least for purposes of this series of blog posts) is to create and follow religiously an investment policy statement (IPS). The Super Fund—switching back into English—calls its IPS a …

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Is it Really Better to Give than to Receive?

Dr. Gary Swanson has been the recipient of two gifts given in his honor: a goat donated to a family in Africa and trees planted along the streets of Detroit. As someone who likes goats and hails from Detroit, he appreciates the thoughtfulness behind these gifts. But, research shows it was the gift giver who …

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Local Wages Rise, but Growth is Slow

Wages in the seven-county Pittsburgh Metropolitan Statistical area continued to grow in the second quarter of 2019, but at a slower rate than the average among Pittsburgh Today benchmark regions, according to U.S. Bureau of Labor Statistics data. The region’s average weekly wage rose from $1,134 to $1,159 from the second quarter of 2018 to …

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Widening Wage Gap Separates White and Minority Workers

The gap between white and minority workers grew by a whopping 62 percent from 2007 to 2017 in the Pittsburgh metropolitan area, according to a new report from the Federal Reserve Bank of Cleveland. The report’s authors said the findings, based on data from the Brookings Institution’s Metro Monitor Report for 2019, point to weaknesses …

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Nuts About Nutcrackers

When Steubenville comes to mind, you probably don’t think of the Rust Belt town as a travel destination. Mayor Jerry Barilla has been intent on changing that and the narrative of industrial decline that has dominated the town. Its population of 18,000 is less than half what it was in 1940—between 1980 and 2000, Weirton-Steubenville …

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Hard Times in Yellow Dog

In 2014, Joe Meyer moved across Pennsylvania with a dream of transforming Yellow Dog Village, an abandoned limestone mining town in Armstrong County, into a living historic site where tourists could experience life in the early 1900s. Five years later, facing tax liens and unable to secure financing, Meyer’s dream of restoring Yellow Dog into …

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Climbing Past the Weight-Loss Plateau

Question: “I’ve been on an exercise plan for several months and have lost 20 pounds. I still hope to lose 5 more pounds but seem to be stuck at my present weight. Why is it so hard to lose those last few pounds, and what can I do to reach my target weight?” You are …

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Duck Delivers

Two teams have separated from the pack through 13 weeks; the Saints and the Ravens have established comfortable three-game advantages. The rest is completely up for grabs. With only four weeks to go, five division leaders are separated by a single game. The stakes are a little higher when December rolls around. With New England’s …

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Holiday Thoughts from the Dalai Lama’s Physician

Dr. Barry Kerzin, Buddhist Monk and physician to the Dalai Lama, is back in Pittsburgh, continuing his work with UPMC nurses, building compassion, resilience and mindfulness into their daily activities, with the goal of decreasing stress and increasing fulfillment. (See a longer PQ story on Kerzin here). He is in discussions to possibly begin similar …

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Responsible Investing

We are observing how one of the world’s most successful investors—the New Zealand Super Fund—manages its capital, and considering whether we might not mimic some of what the Fund has been doing. The idea is to improve our own returns both on an absolute basis and on a risk-adjusted basis. Here are two more strategies …

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Andy Warhol Returns to Pittsburgh

On an autumn evening in Pittsburgh 40 years ago, a larger than usual, fancier than typical, and more expensive than ever event was staged as an acquisition benefit for the Carnegie Museum of Art. On this special Saturday night, 250 formally dressed ladies and gentlemen entered the Heinz Galleries to find a simply decorated space …

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For Southwestern Pennsylvania, a Few Reasons to Be Thankful

In the Thanksgiving tradition of reflection and expressions of gratitude, here are a few trends that have raised the quality of life a bit in southwestern Pennsylvania, which is always a reason to be thankful. The region has enjoyed a run of low unemployment this year, as has the nation as a whole. More people …

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Immigration Is Still Our Greatest Asset…

Each time Thanksgiving rolls around, I can’t help but recall my family’s humble arrival to these shores and the impact they had upon their adopted homeland. My First People came to this country as scorned refugees not knowing a word of the native language. In fact, they arrogantly refused to speak anything other than their …

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Unemployment Unchanged; Remains Low in Region

The Pittsburgh region’s unemployment didn’t budge from October 2018 to October 2019, but plenty is changing in the region’s economy. Metropolitan Pittsburgh’s seasonally adjusted unemployment rate stood at 4.1 percent in October, unchanged from October 2018, according to data from Pennsylvania Department of Labor and Industry. The national unemployment rate last month was 3.6 percent. …

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Back to Quack—Steelers Soar in Comeback Win

What a strange year it has been. In a season they’ve been down at halftime to two separate winless opponents, the Steelers currently occupy a playoff spot. Their quarterback is an undrafted rookie, their most valuable player a safety that wasn’t on the opening roster. Sunday’s 16 – 10 victory wasn’t without its struggles. Then …

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Are You Really Able to Think and Act Long Term?

Investing like the New Zealand Super Fund is surprisingly easy—in concept. In practice, of course, it’s devilishly difficult. Otherwise, we’d all be rich. To see why this is the case, let’s examine some of the key features of the Super Fund’s investment approach. Thinking and acting long term. We pointed out last week that merely …

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Pathway to Pain

I’ve always been enchanted by the idea of a days-long hike—to head off into the woods with nothing but a pack and the possibility of adventure, much like Bill Bryson in my favorite book, “A Walk in the Woods.” But with two kids and crazy soccer schedules, I really can’t afford to take six months …

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The Urban Deerhunter

Every July, along deer trails in pockets of forest in and around the city of Pittsburgh, Dan Krivanek and his buddies hang a bevy of camouflaged infrared LED hunting cameras in the crooks of trees. They also strew cut up apples and feed corn. Then, back in his Bridgeville borough home a few miles away, …

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Job Growth Declines, Bucking Recent Trends

After several years of steady, if tepid, employment growth, the Pittsburgh region lost 3,000 jobs over the latest 12-month period reported by the U.S. Bureau of Labor statistics. From October 2018 until October 2019, overall job growth declined by .25 percent in the seven-county Pittsburgh Metropolitan Statistical Area. “It’s a quarter of a percent, but …

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