Friday, October 15, 2010

Daily Briefing, 10/15/2010

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

Foreclosures in the Valley jumped 44% in the 3rd quarter of 2010 (compared to the 2nd quarter of 2010) and doubled from the previous year.  In Allentown, the school board approved most of Superintendent Zahorchak's moves to reorganize the district.  Congressman Charlie Dent and Bethlehem Mayor John Callahan held their fourth debate of the year at Muhlenberg College.  The Chamber was a participant in the debate.  State Representative Doug Reichley (R) and challenger Patrick Slattery (D) also debated yesterday. The Express Times profiles the race between State Representative Robert Freeman (D) and challenger Ron Shegda (R).  In Allentown, the city's pension obligation has increased $2.1 million (19%) for 2011.  There is good news for Allentown, however, as the Cosmopolitan Restaurant has officially opened downtown.  In Bethlehem Township, developer Abe Atiyeh has cancelled his plans to build a 102 apartment assisted living center.

A new poll shows Tom Corbett with a 48-38% lead on Dan Onorato in the race for Pennsylvania Governor.

In national news, the federal government is set to release a report that will announce that the federal deficit has exceeded $1 trillion for the second year in a  row.

We have two Chamber events today: our annual Health Care Summit (which will stream live on WFMZ) and a free webinar on how to make sure you are getting the most out of your Chamber membership.

And we leave you with this today: we have all seen a lot of negative advertising, especially right now.  But, have you ever seen an ad like this one below?  Politicians beware - don't kick children in the face.

Enjoy your Friday!

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