Tuesday, January 20, 2009


It feels like hubris to try and comment on the inauguration in any way, that and I have not had time to actually watch it yet. So on more mundane topics having nothing to do with Pittsburgh: Given the news that Fiat is buying into Chrysler, possibly as a prelude to buying it outright... my next car may just be the retro Fiat 500. Even has a diesel version. Some reviews say the diesel version gets 67mpg. I figure the commercial endorsement is ok since it actually isn't something you can buy in the US. At least not easily.

back to our regular programming.....

only because I find it odd any local tech news is reported elsewhere first... the local tech-PR nexus is about as hyperactive as it gets for any local fodder. Read the news from Canada covering a local tech lab that blends defense research, nanotechnology and... golf clubs?

Canada... how about this for a segue. Come and hear the Canadian ambassador to the US speak at an Economic Club luncheon Downtown next month. Canada is Pennsylvania's only international border.

More of a Pittsburgh-Canada connection than you think. Pittsburgh once provided the US with a native son to serve as ambassador to Canada. Read about McKeesport's Adolph Schmidt. If Jason T. does not already have that documented somewhere I want a prize.

Ok.. can't connect this any way. But the latest PMI report is out on the risk of regional housing price depreciation. See their Winter 2009 report which still has Pittsburgh at essentially unmeasurable unmeasurably small risk for real estate depreciation in the future. Quibble with the veracity of that if you wish, but this is important to the mortgage underwriters which makes it a concrete metric for those in the market for new mortgages here.


Blogger Jason Togyer said...

Well, I guess you're a winner, Professor:


Wednesday, January 21, 2009 11:38:00 AM  
Blogger Mike Madison said...

"Unmeasurable risk" in the sense of "so small that it can't be measured," or "unmeasurable risk" in the sense that PMI can't get enough data to figure out an answer? I read the report as intending the first meaning, not the second.

Wednesday, January 21, 2009 1:53:00 PM  

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