Thursday, September 10, 2009

Daily Briefing, 9/10/2009

Good morning everyone! Here is today's Daily Briefing.

In local news, Allentown Councilman Tony Phillips apologized for his "salacious" conversation with what he believed was another woman via facebook and said he was remaining in the race for Allentown Mayor. In Easton, the city is set to begin construction work on its waterfront after Council unanimously approved the revitalization contracts. And good news for residents of western Lehigh County, as the Lehigh County Authority has lifted summertime water usage restrictions.

In national news, President Obama addressed Congress yesterday to discuss his health care proposal. The speech was interupted by Congressman Joe Wilson (R-SC), who shouted "You Lie!" when President Obama said that his plan wouldn't cover illegal immigrants. Wilson has since apologized for the outburst. Meanwhile, a CNN instant poll shows that the speech was received very well, with 77% of respondents viewing it very or somewhat positively and approval of his plan jumping from 53% to 67%. In other news, a survey taken by the federal reserve has indicated that 11 of 12 chief indicators show that the economy has stabilized and the GDP is predicted to increase 3-4% during the 3rd quarter of 2009. There's more good economic news, as foreclosures dropped .5% in August from July, although there has been no change in the amount of Americans that are behind on their mortgages.

We have one Chamber event today: a President's Roundtable discussion with Robert DeSilvio, CEO of Sands.

And that's it! Have a great day, we'll see you later.

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