COMMERCE

Squeezing out the Investment Experts

The core problems with central bankers, which have led directly to the catastrophes of the Tech Bust, the Financial Crisis, the pathetically weak recovery from the Great Recession of 2008-​09, and the near-​destruction of the asset management business, are: groupthink, arising out of the fact that every central banker in…

The Fed and Friends

We are talking about the traumatizing events that rocked the asset management business, to say nothing of the world, beginning in 2008, a calamity brought to us courtesy of the world’s central bankers.

Investing in a Rigged Market

The asset management business as we know it today got started in the mid-​19th century. The impetus for investment management firms separate from banks arose out of the awkward fact that banks often fail, while asset management firms hardly ever do.

Will Someone Please Tell Me What This Bitcoin/​Blockchain Thing Is All About?

Everyone has heard of Bitcoin by now (by convention, it’s capitalized when used as a protocol and lower case when used as a unit of exchange, like a dollar), but very few understand the importance of the “blockchain” technology that underpins it. This article expresses no opinion one way or…

The Union Project

by Lori Jakiela
“Work is about a search for daily meaning as well as daily bread.” –Studs Terkel

A Question of Leadership

Pittsburgh Quarterly asked three local leaders: “What’s the toughest leadership dilemma you’ve ever faced; how did you handle it; and what did you learn from it?”

Democracy, Populism, and the Tyranny of the Experts, Part IV

Not that long ago — say, when my parents were starting out in married life — building a sound investment portfolio was a piece of cake. You bought some Blue Chip stocks and some Triple A bonds and you were done.

What Will the Shell Cracker Bring Along with It?

Orange plastic curtains protect passers-​by from blow torch-​wielding workers who are learning to weld in a new training facility for Steamfitters Local 449. The building on the border of Butler and Beaver counties represents an $18 million bet on a building boom that economists and government officials say the nearby…

Cash is King

Since the end of the Financial Crisis eight long years ago, a notion has settled across the land that “cash is trash.” This is the bunkmate of the “TINA” principle: There Is No Alternative to owning equities.

Three Simple Questions on the Markets, Part III

We asked a group of the region’s leading wealth managers to pen a response to three questions about the markets and how they approach current conditions. Here are their responses to the final question: If you had to put all your money in one asset class today and couldn’t sell…

Three Simple Questions on the Markets, Part II

We asked a group of the region’s leading wealth managers to pen a response to three questions about the markets and how they approach current conditions. Below are their answers to the second question: The Fed is working to “normalize” interest rates over the course of 2017. What impact will…

Three Simple Questions on the Markets, Part I

We asked a group of the region’s leading wealth managers to pen a response to three questions about the markets and how they approach current conditions. Here are their responses to the first question: Since the election of Donald Trump, stock markets have soared and the confidence of consumers and…

No Money Down

It’s 11 a.m. in Judge Jeffery Manning’s courtroom. The attorneys are ready. The Allegheny County Common Pleas Court president judge is on the bench. The video screen comes alive to reveal the business of the morning, a series of people in orange, jail-​issue jumpsuits: One young man with a retail…

Building the Buzz

On a brisk October morning, Dr. Bill Bookwalter dons a billowy, white beekeeping suit complete with veil and hikes up a hill behind his Fox Chapel home to harvest honey. Most days, you’ll find him in surgical scrubs, but during his downtime, Bookwalter, a neurosurgeon, practices apiculture: he maintains colonies…

A Friend Indeed

In 2012, PNC Marketing specialist Shannon Tremblay brought her beagle mix, Crockett, to Animal Friends to have it neutered and take part in their puppy kindergarten program. “I just fell in love with the place,” says Tremblay. “There was something really special about what they were doing, and I knew…
Close Window Welcome to Pittsburgh Quarterly
Keep up with the latest

Sign up for our Newsletter, Pittsburgh Quarterly This Week.

We’ll keep in touch, but only when we think there’s something worth sharing. To receive exclusive Pittsburgh Quarterly news and stories, please fill out the form below. Be sure to check your email for a link to confirm your subscription!

View past newsletters here.

Don’t miss a story! Sign up for our newsletter to receive award-​winning journalism in your inbox.

Please let us know your name.
Invalid Input
Please let us know your email address.
Invalid Input