Monday, December 8, 2008

Daily Briefing, 12/9/2008

Hi everyone, hope you had a good Monday. Here is your Chamber world.

The Tribune, owner of the Morning Call (as well as other newspapers) and the Chicago Cubs, has filed for Chapter 11 bankrupcy protection. The Tribune blames the their situation on rising debt, declining ad revenues and a credit shortage. The Call reports that the situation will not affect readers.

Locally, Northampton County is considering the creation of a new authority to distribute casino cash. The move would affect the five municipalities surrounding the City of Bethlehem: Hellertown, Lower Saucon, Freemansburg, Bethlehem Township and Hanover Township. In Lehigh County, the Lehigh County Industrial Redevelopment Authority wants to declare Martin Tower as blighted. The property is vacant and filed with asbestos. Doing so would allow the building to recieve state funding for redevelopment. In Easton, concerned that money was being awarded in a "random" manner, Mayor Sal Panto is requiring that non-profits apply for funding from City Council.

In state-wide news, the County Commissioners Association of Pennsylvania is suing the legislature, asking the state to follow-up on a 21 year old court decision that mandatess the reimbursement of court costs to the counties.

It appears that the auto bailout is on track for passage, as Democrats and President Bush are in negotiations on a $15 billion loan package. Meanwhile, former Vice President Al Gore is set to meet with President-Elect Obama and Vice President-Elect Biden to discuss energy & enviornmental change. Obama appears ready to name is energy & enviornmental team, possibly as soon as Wednesday or Thursday.

The second part of our Business Matters on the Employee Free Choice Act will be available later today. Make sure you try and catch it!

And, in Chamber news, we have two events today: a TRACC/PACC holiday party and the Greater Northern Holiday Social.

And that's it! Have a great day!

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