COMMERCE

Inside a Swiss Bank

I just returned from one of those whirlwind speaking tours in Europe – three speeches in four days in Zurich, Budapest and Vienna. It was an eye-​opener. Back here in the U.S. we are so focused on the shenanigans going on in Washington, D.C. that we forget that very similar…

Three Questions on the Markets, Part II

Each year in our Summer issue, we ask a group of the region’s leading financial experts to help our readers by responding to questions. Below are their answers to this question: Why has market volatility spiked in 2018? Do you expect markets to remain volatile?

Three Questions on the Markets

Each year in our Summer issue, we ask a group of the region’s leading financial experts to help our readers by responding to a question. This year, we’ve asked three. Part I of this four-​part series begins below.

What Do We Need to Make Western Pa. the Best Place to Live?

We asked a cross-​section of regional leaders to respond, in 75 words or less, to this question: What do we need to do to make Western Pennsylvania the best place to live in the world?

Region Gets Average Marks for Senior Livability

The Pittsburgh region has filled a trophy case with awards for being judged the “most livable” place in the nation by a variety of publications and organizations. But when the livability of senior citizens is considered, the region is less than a standout, an AARP index suggests.

It Wears You Down

Caring for her father fell to Patrice Cottrell about nine years ago. It involved a few errands, at first. Doctor visits, marshaling his medications, coordinating health care and financial matters and scouting out and evaluating long-​term care possibilities followed as his health declined.

How My English Degree Helped Build a Tech Company

When I was 26, my dad got sick and asked me to take over as CEO of the tech company he started. I was armed with my English major from Allegheny College and a couple of years in a retail management training program. In other words, I didn’t have a…

The Agency Game

Pipitone Group, an ad agency in Pittsburgh’s Observatory Hill neighborhood, counts Vitro Architectural Glass as one of its largest clients. For the Cheswick-​based company, which purchased PPG Flat Glass in 2016, Pipitone manages advertising and web strategy. Yet when Vitro wants to develop and implement a public relations initiative, it…

Pittsburgh Business Show Ready to Launch Second Year

Last year, Linda Jo Thornberg created the Pittsburgh Business Show with notable success, attracting 157 exhibiting business and 2,800 attendees. Prior to this year’s show, April 25 and 26 at the David L. Lawrence Convention Center, we asked her how she got the show started and what to expect in…

A Lesson in Growth from Austin, Texas

With the U.S. Census Bureau reporting continuing populations losses for metropolitan Pittsburgh, the region is one of only a few “large” U.S. metros reporting losses, putting us in the company of Youngstown, Ohio and Altoona/​Johnstown, Pa. This is not a good story. Companies often choose where to locate or expand…

Airport Overhaul

As birthday celebrations go, this one was fairly harsh. The local news media was gathered at Pittsburgh International Airport’s Midfield Terminal on a late-​summer day last September. Earlier, they’d reported the terminal complex, once lauded for its innovative design, had turned 25. Now, with cameras rolling, airport officials noted its…

Gaining Critical Mass

Alfred Hunt knew a good idea when he saw it. And Charles Martin Hall had one. In 1886, the 23-​year-​old chemist had discovered a smelting process to make aluminum inexpensively while working in a lab he cobbled together in a shed behind his parent’s house in northern Ohio.

How Private Capital Made America the Greatest Society

Last week we discussed Fundamental Law of Private Capital #1 — that private capital is the secret weapon that allows some economies to out-​compete others. This week we’ll turn to Fundamental Laws #2 and #3.

Three Fundamental Laws of Private Capital

A few years after “Capital in the Twenty-​First Century” exploded on the scene, the University of Chicago surveyed 36 well-​known economists, asking if they agreed with Piketty. The results? One yes and 35 no’s.

The Rich Will Lose Their Money Soon Enough

We are talking about Thomas Piketty’s “Capital in the Twenty-​First Century,” including its extraordinary publishing history and its subsequent fade from grace. I reviewed the various problems with Pikkety’s theses as they have been noted in the economics literature, and I also proposed my own view of the book’s central…
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