2006 Winter

Seemingly overnight, China has become the destination of choice for American companies looking to expand their operations overseas. In 2004, China surpassed the United States for the first time as the top worldwide destination for foreign direct investment. For 2005, that should equate to about $58 billion. In the western Pennsylvania region alone, there are …

Destination of Choice? Read More »

In his 1889 essay, “The Gospel of Wealth,” Andrew Carnegie gave what is considered to be the first public airing of the idea that the rich have a moral duty to return wealth to the community. That and his subsequent deeds are credited with giving rise to modern philanthropy. On the occasion of the first …

Hero worship Read More »

For 2006, the U.S. economy’s prospects remain favorable, along with those of Asia, North America and, to a lesser extent, Europe. One key assumption underlying our sanguine global economic outlook is that crude oil prices will fluctuate within a $45 to $70 per barrel range, but average close to $55 per barrel in 2006, down …

The Economic Forecast: U.S. and Pittsburgh to Expand Read More »