Good morning everyone! Here is today's Daily Briefing.
In Allentown, the city is looking at privatizing its water and sewer systems to fund its massive pension debt. In Whitehall, Golden Corral Buffet will start construction of a new restaurant at the Lehigh Valley Mall this Monday. The Easton Area School District laid off another six teachers, its third round of cuts. Lehigh Valley Hospital and Saint Luke's each had hospitals that made it onto the U.S. News and World Report's annual list of best hospitals. The City of Bethlehem approved a new zoning code yesterday. Sands Casino in Bethlehem earned the most on table games of any casino in Pennsylvania last year.
In testimony before Congress yesterday, Ben Bernanke, Chairman of the Federal Reserve, noted that economic activity is slowing in the U.S and that employment growth was slowing as well. According to published reports, Mitt Romney has narrowed his possible Vice Presidential selections to three: Senator Rob Portman (R-OH), Governor Bobby Jindal (R-LA) and former Governor Tim Pawlenty (R-MN).
We have one Chamber event today: our Greater Northern Chamber is having their annual picnic.
That's it for now! Have a great day, and we'll see you later.
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