Monday, June 1, 2009

Daily Briefing, 6/1/2009

Morning everyone! We hope you had a great weekend. Here is today's Daily Briefing.

Some interesting job news locally. First the good news - the Tree of Life food distribution company will be moving to Upper Macungie in August, a move that will bring up to 140 new jobs to the area. Now for the strange news: the Lehigh Valley Workforce Investment Board is offering job opportunities to disadvantaged youths between 18-24 - but can't find enough people in that age group. The price of gas is on the rise as summer nears and demand increases, now reaching around $2.50 a gallon.

In state-wide news, WFMZ reports on one of the many potential causalities of the current budget negotiations - state parks, numerous of which could close under one version of the Pennsylvania budget for the upcoming fiscal year.

In a move that comes as no surprise, GM will formally file for bankruptcy this morning. The company will restructure and the U.S. government is expected to take a 60% ownership stake in the company.

Business Matters airs tonight, and the topic is a 1% optional sales tax for the Lehigh Valley - could it help to reform the current tax system, or will it just be another burden to businesses? The show airs tonight, 8:00pm on WFMZ, and when you watch makes sure to check out the Business Matters blog and debate the show live with others!

And that's it for today! Have a great day and we will catch you later.

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