2022 Summer

Curley, Martin, Kreisman, Rocher, Sarni, Lampl

Mary Taylor Walton Curley, 97The daughter of John and Rachel Mellon Walton and granddaughter of Gulf Oil founder William Larimer Mellon, she graduated from Vassar and worked at Pitt after World War II assisting women veterans on the GI Bill. She and her husband, oil executive Walter Curley, lived all over the world, from India …

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The Selling of Mellon

Editor’s Note: This article is based on the upcoming book published by Lyons Press:“From Swampoodle to Mellon Bank CEO; An Irish American’s Journey, the Autobiography of Martin G. McGuinn Jr.” When I came to Mellon Bank in 1981, it was the dominant bank in Pittsburgh, much to the chagrin of Pittsburgh National Bank, which later, …

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Russia, Ukraine and the Markets

Editor’s note: Pittsburgh Quarterly recently asked regional financial experts to respond to the following question:  The Russian invasion of Ukraine has further increased energy and food prices and disrupted supply lines for key manufacturing inputs. What are the implications for the global and U.S. economies? James Armstrong, Henry Armstrong Associates Free and open trade have …

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A Parent’s Shame

She grips a chunk of chalk in her fistscratches onto black construction paperfamiliar fury of scribbles:a moon todayyesterday, an egg someone’s headside by side, two are apples.  Sometimesthe picture isn’t the pointit’s powder on palmswows and ooohs and beautifulsfingers and focus and finishingit’s preschool prideit’s fine-motor joy neither of us realizingshe’s tall enough nowto see into …

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The Fed and Inflation

Editor’s note: Pittsburgh Quarterly has regional financial experts to respond to this question: Inflation has proven to be higher and “stickier: than the Fed expected. Do you think the Fed’s policies are appropriate or is the Fed behind the curve? What is your best estimate for inflation at the end of 2022?   Linda Duessel, Federated …

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Pittsburgher’s Report

The sun burned brightly on june 17, 1876, promising a hot day in southwestern Montana. Gen. George Crook’s column of about 1,300 soldiers, friendly Indians and civilians relaxed while their horses chomped prairie grass and quenched their thirst in Rosebud Creek. At about 8:30 a.m., as Crook played whist with fellow officers, Crow and Shoshone …

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Let’s Take “the Pits” out of Pittsburgh

In my spring column, I wrote about the borough of Wilkinsburg, encouraging Pittsburgh City Council to vote in favor of annexing the failed municipality. When I wrote it though, it had been years since I’d veered off of Wilkinsburg’s main drag — Penn Avenue — and actually explored the borough. Last month, I drove all …

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On a Pedestal, Summer 2022

When Harris Ferris became executive director, the Pittsburgh Ballet Theatre had lost its orchestra and faced a mountain of debt and a dubious future. Nearly 17 years later, he leaves the PBT stronger than ever. A former principal dancer, armed with a Rutgers MBA and a winning personality, Ferris expanded the company’s national and international …

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Taking Flight With the Ordinary

“Speaking from the gut” was known in ancient Greece as gastromancy. It also became known as an early form of ventriloquism. According to Encyclopaedia Brittanica, “the noises produced by the stomach were thought to be the voices of the unliving, who took up residence in the stomach of the ventriloquist. The ventriloquist would then interpret …

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How About a Delicious Peach Cobbler (and more)?

There is something about comfort food that evokes a feeling of old-fashioned delight. And when it comes to dessert, there’s nothing like fruit cobbler, bread pudding, gobs or banana pudding to transport you to a time when calories didn’t count and a big scoop of dessert made everything better. Today, not everyone has time to …

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Rough Ride for Markets

Editor’s note: Pittsburgh Quarterly asked regional financial experts to respond to two questions, one about effects on the economy of the war in Ukraine and the other of the effects Federal Reserve actions (or inaction). Many of their answers to the first question are below, followed by the second question and many of their answers …

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Opportunity Awaits, but…

Kendell Pelling knows vacant and blighted property. For more than 15 years he was in charge of land recycling at East Liberty Development, Inc. There, he saw how, even in a real estate market that was heating up, new houses priced to sell couldn’t find a buyer when blight was nearby. But once the abandoned …

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