Deadline Approaching To Participate In Discover Boating's Boat Finder For 2024 Shows

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Shows Certification Advocacy Statistics International Membership Customized Briefing for manoj dole November 8, 2023

FEATURED INDUSTRY NEWS Deadline Approaching To Participate In Discover Boating’s Boat Finder For 2024 Shows Now is the time to get your brands listed among competitors in Discover Boating’s Boat Finder ahead of the 2024 boat show season—putting your boats in front of potential buyers before, during and after the show. The deadline for uploading boat information is Friday, Nov. 17. Read More ABYC Releases 2024 Certification Class Calendar The American Boat and Yacht Council (ABYC), the essential source of technical information for the global marine industry, has unveiled its 2024 class calendar for ABYC certification courses. The 2024 offerings include marine electrical, marine systems, marine standards and marine corrosion. Read More LEADING ECONOMIC AND POLICY NEWS House Republicans Show No Signs Of Coming Together On Government Funding Plan Reuters reports House Republicans “showed no sign on Tuesday of coalescing around a government funding plan to keep federal agencies open, just 10 days before Congress faces its next shutdown deadline.” Republicans “met behind closed doors to debate options on how to structure” a continuing resolution “that would temporarily fund the government after current funding expires on Nov. 17.” House Speaker Johnson “described the closed-door debate as ‘positive.’” Johnson said at a new conference, “We certainly want to avoid a government shutdown. It’s a dangerous time around the world right now. We recognize that. ... We’ll be revealing what our plan is in short order.” House Republicans, “who say they fear being forced to back a rival funding measure from the Democratic-led Senate, told reporters they expect Johnson to unveil a stopgap measure within the next few days, ensuring a House vote early next week.”         The Washington Post reports, “The dominant approach that emerged from the meeting was a ‘laddered’ continuing resolution, or CR, lawmakers said, though Johnson did not formally endorse that plan. It would consist of a stopgap bill that would continue funding the government at current spending levels and would have separate expiration dates for various federal programs and agencies, requiring Congress to take up discrete measures as each runs out of money.” Roll Call says the laddered concept “is controversial within the House GOP conference, as some fear that the approach would set up a series of shutdown threats and never-ending appropriations battles.”         The New York Times says Johnson “appears set on avoiding a repeat of the circumstances that doomed his predecessor,” which means “he will need to corral nearly all Republicans to pass a government funding measure, a considerable feat given his party’s resistance to federal spending.” Politico reports that Johnson “is staking his legislative reputation on churning through the full stack of a dozen annual funding bills. ... By the end of Johnson’s first full week as speaker, House Republicans had passed three of the 12 spending measures, and he’s hoping to clear another handful before the Nov. 17 government shutdown deadline.” Politico says the bills “stand no chance of passing the Democratic-controlled Senate or earning President Joe Biden’s signature in their current form. And Republican leadership chose this strategy — rather than sticking to the funding levels set in the bipartisan debt limit compromise, they pushed forward with a slate of partisan spending measures, all of which eventually need buy-in from both chambers.” Federal Reserve Bank Of Chicago President: Inflation, Not Growth Or Jobs, Must Be Fed’s Focus Bloomberg reports that Federal Reserve Bank of Chicago President Austan Goolsbee “said policymakers’ top priority is returning inflation to its target and that they don’t want to ‘pre-commit’ decisions on interest rates. ‘We’ve got to get inflation down – that’s the No. 1 thing,’ Goolsbee said Tuesday in an interview with CNBC. ‘I’m absolutely hammering that’s what we should be watching,’ adding that the economic and job growth can’t be the key focus now.” CNBC quotes Goolsbee as saying: “There is the possibility...that we got inflation down without a recession. ... If that happened...it would just be a continuation of what we’ve already seen this year, which is unemployment up very modestly, while inflation has come down a lot. ... That’s our goal.” S&P 500, Nasdaq Extend Longest Winning Streaks In Two Years CNBC reports that the S&P 500 and Nasdaq Composite “rose on Tuesday to notch their longest winning streaks in nearly two years and build on November’s rally.” The S&P 500 “added 0.28% to close at 4,378.38, while the Nasdaq jumped 0.9% to end at 13,639.86.” The Dow Jones Industrial Average “edged up 56.74 points, or 0.17%, to settle at 34,152.60.” According to CNBC, “The S&P 500 rose for a seventh consecutive day for the first time since its eight-day win streak reached in November 2021, while the Nasdaq posted eight days of wins for the first time since an 11-day streak ended in November 2021.” Previous Top Stories  • Alan J. Freedman Award Nominations Deadline Is Tomorrow, Nov. 8  • Federal Reserve Bank Of Minneapolis President Concerned About Inflation “Ticking Up Again”

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