Friday, October 16, 2009

Daily Briefing, 10/16/2009

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

In the Saucon Valley School District, the school board is asking the state to shorten the strike by five days to November 4.  The state had originally set November 10 as the last day that teacher's could legally strike.  In political news, Bethlehem Mayor John Callahan (D) out raised Congressman Charlie Dent in the 3rd quarter by more than $100,000 in their race for Congress.  Callahan raised $345,000, while Dent raised $232,000. In Northampton County, county council voted 5-4 to use gaming money for tax relief, instead of using it to fund a bi-county health board as County Executive Stoffa wanted.

In state-wide news, the Pennsylvania Public Utilities Commission has approved a plan by PPL that would cut power consumption by 1.3 billion kilowatt hours in an attempt to reduce the impact of the incoming 30% increase in electric costs.

In national news, 401(k) accounts dropped an average of 24% in 2008, but the same study showed that they rose an average of 7.2% over the same time since 2003.  According to a report on the stimulus, over 30,000 jobs have been created with $16 billion allocated.  And, for the first time since 1975, there will be no cost of living increase in Social Security payments as a result of a decline in consumer prices.

That's all for today!  Have a great day and we will see you later!

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