Good morning everyone! Here is today's Daily Briefing.
In the Saucon Valley, the dispute between teachers and the school board has made little progress. Teachers are asking for 4.6% annual raises over four years, while the board is offering 3.35% over four years. In New Jersey, things are far worse for local schools, as a state supreme court decision has ruled that the state's school funding formula is legal. This means that urban schools will no longer receive special assistance.
In state-wide news, the political scene got a bit more interesting yesterday, as Arlen Specter's lead over Pat Toomey shrunk to 9%, down from 20% a month ago. Pittsburgh also got a huge boost yesterday, as the White House announced that the G-20 economic summit will be held in the city in late September.
In national news, President Obama will be announcing the position of a "cyber czar." The goal of the position will be to coordinate administration efforts to increase computer security and deal with cyber threats. And some good news for the economy, as numbers that will be released today show that the economy shrank in the 1st quarter at a rate of 5.5% - less than the 6.1% originally expected. Meanwhile, a report released by the U.N. finds that 300,000 people are dying each year as a result of global warming, and that number will only continue to increase.
That's it for now. Have a great weekend!