Friday, October 30, 2009

Daily Briefing, 10/30/2009

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

Though the details are still unknown, the Saucon Valley School Board and teacher's union have reached an "understanding" that has resulted in the end of the two-week strike.  East Penn School District opened yesterday after being closed Wednesday for a bus driver's strike, but that strike ended yesterday as well.  Local companies reported mixed news yesterday: PPL saw a 90% drop in 3rd quarter profits as a result of mild weather and losses that they took on energy contracts (at least PPL was in good company - Exxon-Mobile saw their profits decrease 68% last quarter), but St. Luke's Hospital received $17.6 million from the state yesterday.  The money will go to the construction a new hospital campus in Bethlehem Township that will help create more than 1,000 jobs.  In Bethlehem, ArtsQuest yesterday officially broke ground on the construction of SteelStacks in Bethlehem.  The Governor was on hand for the ceremony.

In national news, the U.S. economy is growing once again, having expanded 3.5% in the third quarter of 2009.  However, the rate of expansion may slow down again, and unemployment will likely top 10% in the very near future.  The House of Representatives also introduced their version of a health care bill yesterday - one that did include a public option.

That's all for now!  Have a great weekend, and we'll see you Monday!

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