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Tagged: economy

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Changing Gears
3:34 pm
Wed November 17, 2010

Reinventing Pittsburgh: Part 3

Credit Erika Katz
Pittsburgh's Hill District

Drive east from downtown Pittsburgh and you’ll pass a church. At least, it was a church.

Today, the alter has been replaced with stainless steel casks of beer, and the pews are now a bar and tables. It’s another Pittsburgh transformation. Saint John the Baptist Church is now the Church Brew Works.

It’s one of those places people tell you: you have to go when you visit Pittsburgh. So, it wasn’t a hard sell to get a bunch of young professionals to meet there.

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Changing Gears
9:52 am
Tue November 16, 2010

Reinventing Pittsburgh: Part 2

Credit Zach Morris / Creative Commons
The University of Pittsburgh's Center for Biotechnology and Bioengineering sits on the site of an old steel mill. It's an example of how the city transitioned away from its industrial past.

When Dennis Yablonsky took over Pittsburgh's main development group last year, everyone was telling him it was time to brag.

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General Motors
5:12 pm
Mon November 15, 2010

Background on the GM IPO story

Old General Motors Headquaters
Credit Historic American Buildings Survey
The old GM Headquarters in Detroit.

General Motors (GM) will be in the news a lot this week, so if you sat out the GM story up until this point, here's a quick summary to get you caught up.

Today's General Motors is not your father's General Motors. The old GM went bankrupt. The company couldn't pay its bills (they had some big ones).

But instead of letting the whole company collapse, a court stepped in to reorganize the auto giant (under chapter 11 bankruptcy).

The court split the old GM in two.

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Changing Gears
1:00 pm
Mon November 15, 2010

Reinventing Pittsburgh: Part 1

Credit User 1sock / Creative Commons
The U.S. Steel Tower is the tallest building in Pittsburgh, but the steel industry no longer dominates the city.

When I first got to Pittsburgh, I did something foolish.

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Economy
11:55 am
Mon November 15, 2010

You fix the budget deficit

Screen grab of New York Times web page
Credit Screen grab from the New York Times
The New York Times "You Fix the Budget" interactive tool

It's easy to criticize. Now you're in charge.

The New York Times has created a slick little interactive tool that displays different solutions to the country's projected budget deficits.

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Auto
9:21 am
Fri November 12, 2010

Auctioneers sell off items at shuttered GM plant

Former GM Wyoming Stamping Plant
Credit Lindsey Smith / Michigan Radio
GM's Wyoming Stamping Plant closed in June of 2009. Auctioneers are selling of the contents of the plant.

Michigan Radio's Lindsey Smith covered the auction at the former GM Wyoming Stamping plant. The plant closed in June 2009 as part of GM's bankruptcy.

The auction was held on Wednesday and Thursday of this week. The auctioneers said they'll sell off anything leftover today.

Smith said it was easy to get lost as she took photos of the more than 2 million square foot building. Here's an audio slideshow she put together:

Economy
11:55 am
Wed November 10, 2010

Obama letter provides economic stimulus

A handwritten letter from President Barack Obama
Credit Gary Zimet / Moments in Time
A handwritten letter from President Barack Obama

A woman from Monroe, Michigan made news last week when she sold her hand written letter from President Barack Obama for $7,000.

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