Framing the Dialogue

Posts Tagged ‘tribune review’

Moochers Lament

Way back in the early 1980s I worked at a restaurant atop Pittsburgh’s tallest building.  The food was decent; the service was good; the view was awesome!  The U.S. Steel Building now sports a “UPMC” (University of Pittsburgh Medical Center) sign acknowledging their biggest client.  The famed building was recently acquired by UBS Real Estate Securities Inc. based out of New York.  Pittsburgh’s Tribune review reported that the investing group has skillfully locally recorded “is a consignment of leases and rents by the lender in the deal…UBS also recorded a mortgage document for a $220 million loan UBS provided for the acquisition to Manhattan-based Karasick and his partners.”  Neither action requires the payment of transfer taxes which was estimated to be $10 million. 

Tilting At Windmills

Blowback on windmills was the headline that caught my eye in the “letters” section of Pittsburgh’s Tribune Review.  The letter was from Sarah Howell, the vice president, public affairs, for the American Wind Energy Association.  Ms. Howell’s response to the original article titled The Windmill Sham was understandable given her position advocating windmills.

The original editorial piece was critical of the number of jobs created by government subsidies of the alternative energy industry.  The author made the mistake of siting actual data from the Spanish government showing that the actual cost of each new job was around $333,333.00.  Of course the response from the wind folks touted how many jobs were created because of government support/subsidy of the industry.