New Global Research Outlines Portfolio Of Technologies To Further Reduce Carbon Emissions From Recreational Boats
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FEATURED INDUSTRY NEWSNew Global Research Outlines Portfolio Of Technologies To Further Reduce Carbon Emissions From Recreational BoatsYesterday, the International Council of Marine Industry Associations (ICOMIA) announced during METSTRADE in Amsterdam, new research outlining a portfolio of technologies best positioned to continue to propel the industry toward decarbonization. NMMA president Frank Hugelmeyer and ICOMIA president Darren Vaux presented the global research, which specifically looks at marine propulsion in boats under 24m (roughly 79 feet) in length, revealing that due to the unique on-water environment for recreational boating, and the varied interests of boaters and the experiences they seek, a variety of solutions must be considered to continue reducing carbon emissions from recreational boats. Read More LEADING ECONOMIC AND POLICY NEWSHouse Conservatives Join With Democrats To Block Spending BillThe New York Times reports that “a bloc of far-right House Republicans...protesting Speaker Mike Johnson’s move...to rely on Democrats to push through legislation” to avert a government shutdown on Wednesday “torpedoed a major spending bill pushed by their own leaders.” The Times says the “mutiny...underscored the difficulties ahead on reaching a governmentwide spending deal early next year.” In the House, “right-wing anger” about the stop gap “was raw. Members of the ultraconservative House Freedom Caucus displayed their ire by joining with Democrats to block consideration of a separate bill to fund the Commerce and Justice Departments and science agencies.” The Hill says 19 “hard-line conservatives joined with Democrats in a 225-198 vote opposing the rule for legislation funding Commerce, Justice, Science and related agencies, and a separate Iran-related bill, blocking the chamber from considering the measures.” Roll Call reports House Freedom Caucus chairman Rep. Scott Perry (R-PA) said the vote to oppose the rule “is a response to our dissatisfaction and our unwillingness to comply and play a part in this failure theater.” Perry “said he and his allies wanted to send a message to House leadership to write bills with lower spending levels and more conservative policies.” Perry said, “And then we’ll vote for them. ... But don’t act like you’re actually trying to get to a correct spending level, and don’t act like you’re actually going to fight on these issues when you plan to fail.” USA Today says the House “abruptly went home a day early partially due to a familiar sight for the House Republican conference: a rebellion from the lower chamber’s most conservative lawmakers.” The House, “which was originally scheduled to stay in session until Thursday, is now slated to return after Thanksgiving on Nov. 28.” Politico also reports. WSJ Report: Economy Appears To Be Headed For A Soft LandingThe Wall Street Journal reports that the economy appears to be heading for a soft landing, as inflation is coming down without a recession. The consensus of economists surveyed by the Journal six months ago was that the economy would be in a recession over the next year. The average forecast of economists in October was that there would be no recession and the likelihood appears to have fallen further after Tuesday’s inflation number. Retail Sales Dipped In October, But September Revised HigherThe Wall Street Journal reports that according to Commerce Department data released on Wednesday, retail sales fell 0.1% in October, the first decline since March. Reuters said the decline suggested “slowing demand at the start of the fourth quarter that further strengthened expectations the Federal Reserve is done hiking interest rates. ... Data for September was revised higher to show sales increasing 0.9% instead of the previously reported 0.7% rise. Economists polled by Reuters had forecast retail sales would fall 0.3%.” More Large Companies Paying For Workers’ ACA Plans Amid Rising Costs“Larger employers than before are increasingly funding their workers’ purchases of Obamacare plans during open enrollment instead of providing pricier group health plans, taking a cue from small companies that have used this option,” Bloomberg Law reports. From 2022 to 2023, “the number of workers offered individual coverage health reimbursement arrangements grew 171%...and the number of employers with at least 50 full-time employees offering the plans increased 144%, according to the HRA Council, a nonprofit advocacy group.” Major Stock Indices Add To Big Weekly Gains; Treasury Yields ClimbCNBC reports, “Stocks climbed on Wednesday, building on the strong rally from the previous session, on the back of more encouraging inflation data. The S&P 500 advanced about 0.2%, while the Nasdaq Composite added roughly 0.1%. The Dow Jones Industrial Average traded 163 points higher, or 0.5%.” CNBC notes that October’s producer price index, “which measures wholesale prices, fell by 0.5% to mark its biggest monthly drop since April 2020.” CNBC points out that the S&P 500 and Nasdaq “had their best day since April” on Tuesday. Previous Top Stories | |||||||||||
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