Friday, December 4, 2009

Daily Briefing, 12/4/2009

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

Of course, President Obama will be in the Valley today, appearing at Lehigh County Community College around 12:00pm.  He will be making other stops in the area, including at least one at Allentown Metal Works, though much of the rest of the President's schedule remains unknown.  This will not be the President's first visit to the region; he was here when he was campaigning back in April, and although politics will not exclusively be the focus of this visit, the Morning Call notes that this visit isn't exactly politics-free.  Meanwhile, the President held a jobs summit at the White House yesterday that was attended by Allentown Mayor Ed Pawlowski; the visit put Allentown in the national spotlight, with the Mayor winding up on stage with the President and appearing on MSNBC's Hardball.  The President's opponents are speaking out as well; former Lehigh Valley Congressman and Senate Candidate Pat Toomey blasted the President in advance of his visit yesterday, criticizing the President's job-creation efforts.

In other news, Renew Lehigh Valley held a public forum on the bi-county public health board proposal yesterday.  In loca tax news, Upper Nazareth township was able to lower property taxes by a little more than 7% yesterday; in Northampton County, a decision by the county Retirement Board lowered the County's pension obligation, and as a result has lowered the County's proposed tax increase.  Also discussed at Northampton County yesterday was the possibility of closing Gracedale, the County's Nursing Home, with many members speaking against the possible closure.

In national news, Ben Bernanke, Chairman of the Federal Reserve, had a reconfirmation hearing yesterday - some offered praise, with others criticizing the Chairman for perceived failures by the Federal Reserve.  Speaking of the economy, November's unemployment numbers are expected to be released later today.  Analysts expect the numbers to remain at 10.2%. 

Today is a busy day in The Chamber world, with three events being held: First Friday in Bethlehem, a mixer at the Roxy Theater in Northampton and a workshop on Financial and Business Mastery from ActionCOACH.

That's it for now!  Have a great weekend and we'll be back Monday.

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