Tuesday, May 18, 2010

Daily Briefing, 5/18/2010

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

According to a new Lehigh Valley Purchasing Managers Survey, conducted by Kamran A. Afshar Associates, the economy is continuing to recover and local businesses are hiring more than firing - the first time that this has been the case since July 2008.  In Bethlehem, the Bethlehem Area School District approved a tax hike of 6% yesterday.  The budget also eliminates 41 positions through lay-offs or attrition.  UGI Utilities customers could be paying up to 8% less on next winter's natural gas as a result of price reductions.  Congrats to Foot Solutions of Easton, as they were honored by the Easton Area Chamber of Commerce (a Council of the Greater Lehigh Valley Chamber of Commerce) as the outstanding new business of the year. Local hispanic leaders yesterday denounced the Pennsylvania version of Arizona's recently passed illegal immigration law, House Bill 2479.

After all the polls and analysis, today is primary election day.  Polls are open from 7am to 8pm.  Since Pennsylvania has a closed primary, only Democrats and Republicans can vote in the election.

In national news, General Motors announced yesterday that it turned a profit of $865 million in the first quarter, a massive reversal of the $6 billion loss from the same time last year.

We have two Chamber events today: the Bethlehem Chamber of Commerce is holding their annual dinner and the LeBEAM Chamber of Commerce and Ambassadors are holding a Speed Networking event and Annual Awards ceremony.

Business Matters aired yesterday, debating whether or not the tea party is here to stay.  The show will be available online later today, and you can also check out the Business Matters blog for more information.

That's it for now!  Have a great day, and we'll be back later.

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