Thursday, December 18, 2008

Daily Briefing, 12/18/2008

Morning everyone! Here is your Chamber world today.

It's been an active day in local politics. In Northampton County, Patti Grube (widow of Wayne who was appointed to fill the remainder of her late husband's term) has resigned from Northampton County Council, saying that her thinking to seek and accept the appointment was clouded by the death of her husband. Council now has 30 days to fill the vacancy or it will be done by the court. With four Democrats and four Republicans now on Council, it will be difficult to find someone to appoint to the seat without tilting the balance of power on the Council. Meanwhile, in Lehigh County, Commissioner Sterling Raber announced that he will not be seeking reelection in the 2009 cycle.

In economic news, WFMZ does an interesting story on the effect of psychology on the economy. Meanwhile, Senator Casey met with Lehigh Valley business leaders (including Tony Iannelli, President & CEO of The Chamber) to discuss the economy and economic development initiatives that the Senator is pursuing. Chrysler has shut down all U.S. production for the next month, citing a lack of consumer confidence and demand. They join Ford and GM, who have already done the same. CNN also reports that some credit cards have spiked interest rates - often by as much as 20% - as a reaction to economic conditions.

And we have one Chamber event today: a mixer/grand opening at MarVal Optical Designer Eyewear
in Bethlehem.

And that's it for today! Have a good one.

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