Thursday, December 4, 2008

Daily Briefing, 12/5/2008

Morning everyone! Here is your news today.

Senator Arlen Specter and Congressman Charlie Dent met yesterday with car dealers, manufactures, labor and busines leaders (including Chamber President & CEO, Tony Iannelli) to discuss the proposed auto bailout. The message they gave: if we don't do something, the Valley will suffer heavily. In other economic news, jobless claims dropped 20,000 last week, although the number still remains at a 26-year high. Is the glass half empty or half full? If you drive on the Pennsylvania Turnpike, the answer is half full, or at least 25% full, as tolls will increase 25% in 2009 to pay for road, bridge and mass transit costs.

And here's an interesting story, especially in this economic climate - Barack Obama raised a total of $745 million during the course of his Presidential campaign, coming in with a $400 million advantage over Senator John McCain. Wow.

Locally, Northampton County appointed Patti Grube, widow of Wayne Grube, tohold his seat for the remainider of his term. Patti had indicated she would only take the seat if County Council voted unanamously to appoint her, which they did. Meanwhile, Upper Macungie Township will hold steady on their tax rates, although their sewer and garbage fees will be increasing.

And last, one Chamber event today: the Northampton Area Chamber of Commerce is having their holiday mixer & movie at the Roxy Theater. Free for members, $10 for non-memebrs.

That's all for now - have a great weekend and we'll see you on Monday!

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