Pittsburgh-Area Colleges Produce Nearly $9 Billion Economic Impact

The 10 colleges and universities that make up the Pittsburgh Council on Higher Education produced an economic impact of $8.99 billion and supported more than 70,000 jobs in the Pittsburgh area during fiscal year 2012-13, according to a report the council prepared in collaboration with Fourth Economy, a national economic development consulting firm.

Their collective economic impact represents approximately 32 percent of the city’s gross domestic product, the report said.

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Experts Worry Stagnant Wages Are Delaying Economic Recovery

Editor’s note:  Came across this article right after I posted about grocery store price increases. They certainly speak to each other.

Jim Talerico got a $900 raise this year, but he isn’t happy about it.

“It’s a terrible wage,” said Talerico, a part-time faculty member in Robert Morris University’s English department. “Now I’m making a whopping $14,400.”

It was the first pay raise in 10 years for the 54-year-old Ingomar resident. Even with the $13,500 he earns from his other part-time teaching job at Community College of Allegheny County, he said a barista job at Starbucks looks tempting. At least it would come with benefits.

Working Americans have had to make difficult choices — from canceling doctor’s appointments to cutting their grocery budgets — as their paychecks barely keep up with the cost of living.

Consumer spending drives 70 percent of economic activity, and wage stagnation has been a stubborn problem that might be holding back the recovery as other measures such as unemployment improve.

Read more: http://triblive.com/business/headlines/6812082-74/percent-pay-employers#ixzz3FO9O6Fhr
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Tornado Hits In Western Pa.; No Injuries Reported

CARNOT-MOON, Pa.  (AP) — A tornado touched down outside Pittsburgh on Friday evening, severely damaging nea

Map of Pennsylvania highlighting Westmoreland County (Photo credit: Wikipedia)

rly a dozen homes and businesses, as heavy weather also caused the collapse of a university sports dome. There were no immediate reports of injuries from the storms, which swept across the state.

The tornado touched down around 5 p.m. Friday near Ligonier, about 50 miles southwest of Pittsburgh. The storm damaged at least three businesses and eight homes, and crews were still assessing the damage, said Sandy Smythe, a spokeswoman for Westmoreland County Department of Public Safety.

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