Thursday, July 14, 2011

Daily Briefing, 7/14/2011

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

A new plan has been recommended that will give the Lehigh Valley International Airport four years to pay its debt to a former property owner.  Olympus has announced a new round of layoffs that will affect its employees in Center Valley.  There is mixed news on the home sales front: sales increased 15.5% from a month ago, but dropped 26% compared with sales from June 2010.  Local hospitals are dealing with shortages of certain drugs.

In state-wide news, Republican Majority Leader Mike Turzai has proposed legislation to privatize liquor stores in Pennsylvania.

Debt talks ended abruptly yesterday, as President Obama allegedly walked out after being repeatedly interrupted by Majority Whip Eric Cantor (R-VA).  A new round of talks is scheduled for later today.  Meanwhile, Moody's has put the U.S. credit rating on review for a possible downgrade.

We have three Chamber events today: a mixer at the Sam Adams Grille at the Holiday Inn Conference Center in Fogelsville, a Grand Opening/Ribbon Cutting at Mami's Place in Easton and Summer in the City in Downtown Allentown.

That's it for now - have a good one, and we'll see you later.

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