COMMERCE

A Christmas Miracle

John Dionise knows Santa would be jealous. Rather than flying a sleigh all over the place this Christmas season, trying by sight to find each and every home where a gift is to be delivered, the drivers who work for Dionise out of a Sewickley station for FedEx Ground — the growing,…

The retirement question

In this issue and the following two, we ask a group of the region’s leading financial advisors to address three different retirement-​related questions.

The Marcellus Shale dilemma

A blistering July — the hottest on record — vaporized heat records in thousands of communities across the country. A historic and prolonged drought settled across a vast swath of the southern and central United States, devastating corn crops and threatening to send the cost of everything that depends on it — from baby food to…

African Americans in Pittsburgh: The data in black & white

Some 1,800 Greater Pittsburgh men and women spent a half hour on the phone late last year answering an expansive battery of questions about themselves, their circumstances, and views on everything from how tax dollars should be spent to how happy they are. It was, by any standard, the most…

African Americans in Pittsburgh: The newcomer experience

In 24 years, Marisa Bartley had never heard the “n-​word” hurled at her by a white person. One day, it hung in the air in the lobby of a Verona bank, where she worked as a branch manager. A disgruntled male customer stood on the other end with an enraged…

The Future of the Marcellus Shale

After eight years of unprecedented expansion, the natural gas industry in Pennsylvania is now weighed down by its own success, analysts say. Struggling with a market that is being flooded with more natural gas than it can bear, the industry is optimistically predicting that new markets in transportation, home heating,…

Pittsburgh’s Newest Immigrants

Blackberry in hand, Tek Rimal counts the minutes as he rides the bus from his job at BNY Mellon to his Bellevue apartment. Like many young families, Tek and his wife Chandra tag-​team the care of their son, Anuj, with precision timing. Tek rushes home from his day shift so…

Foundation of Steel

How entrepreneurial is Jim Bouchard? Consider this: When he sold Esmark, Inc., the publicly held steel company he ran, to Russia’s OAO Severstal in 2008, the price was a whopping $775 million, a remarkable exit for a five-​year-​old company. But instead of cashing in his chips and retiring to the…

The Young People Myth

In the not-​too-​distant past, Border Guard Bob was thought to have been a good idea. He was the amusing face of a short-​lived marketing campaign to staunch the flow of Pittsburgh’s young to other cities, a problem perceived by some of the region’s civic-​minded to be grave enough to warrant…

All Hands On Deck

Opening the lecture series named in his honor, Community College of Allegheny County graduate Robert Mill described labor-​management relations in western Pennsylvania as “a regional asset, as much as the zoo and the ball parks. We are the first out of the recession because our community relationships are so exquisite.“

Richard P. Simmons

I am convinced that I am absolutely, positively the luckiest man in the world.

The Problem of Price

From the moment the rush began to develop the vast untapped resources of gas trapped in the Marcellus Shale, economists and industry analysts warned that the massive explosion of cash that was pouring into the state — and in many cases right back out of it — would ebb and flow.

Keeping your Deals

I never really wanted a dog. But all eight of our children kept clamoring for a dog. One night — I think it was a summer night, because the Cardinals were in town — I finally said, “OK, you can have a dog.” Lots of cheering.

Financial Focus

2011 was a year of historically low interest rates, wide stock-​price fluctuations and concerns about a faltering U.S. recovery and the European debt crisis. And the Standard & Poor’s 500 ended 2011 just four one-​hundredths of a point from where it began. But in this year’s first quarter, the S&P…
Pittsburgh Quarterly Exclusive

An industrial renaissance

When the reserves of Marcellus Shale gas in the tri-​state area proved vast — 84 trillion cubic feet by one estimate — it was no surprise when the region became the epicenter of a thriving new industry. What may have been unexpected was the extent to which the Marcellus boom would invigorate the economy…
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