Discover Boating New York, Louisville Shows Open Today

If you are unable to see the message or images below, click here to view

Shows Certification Advocacy Statistics International Membership Customized Briefing for manoj dole January 24, 2024

FEATURED INDUSTRY NEWS Discover Boating New York, Louisville Shows Open Today The Discover Boating New York Boat Show, in partnership with Progressive Insurance, opens at Noon today at the Javits Center and runs through Sunday. The 2024 NY boat show returns with the 2nd annual Opening Night Party benefiting Billion Oyster Project. Read More Boating Industry Magazine Opens “40 Under 40” Nominations For 2024 Boating Industry magazine is now accepting nominations for its ‘40 Under 40’ program, which highlights the best young leaders across all segments of the marine industry. Each year, Boating Industry receives hundreds of nominations from dealer principals, owners, CEOs and many other various individuals in management positions across the industry, all shining a spotlight on young leaders within their organizations. Read More LEADING ECONOMIC AND POLICY NEWS Vermont State Legislature Proposes New Taxes On Wealthiest Residents The New York Times reports Vermont lawmakers “are introducing legislation this week that would impose new taxes on the state’s wealthiest residents, joining a growing national campaign being pushed by Democrats who believe that the measures will gain traction as states reckon with post-pandemic budget squeezes.” One proposal “would tax people with more than $10 million in net worth on their capital gains, even if the gains have not yet been realized.” A separate proposal “would add a 3 percent marginal tax on individual incomes exceeding $500,000 a year – a measure that supporters contend could pump $98 million, or almost 5 percent of the annual budget, into the state’s coffers.” The package of bills “is part of a broader push across the country by progressive groups who hope that the political moment has arrived to shake up the tax system to address income inequality.” Geopolitical, Electoral Tensions May Upset Rate Cut Hopes, JPMorgan Analysts Warn CNBC reports growing geopolitical tensions and the potential for political unrest may combine to upset investors’ hopes for the Federal Reserve to sharply cut interest rates, JPMorgan Chase strategists say. “We believe the disinflation process is likely to slow or stall in 1H24, in part due to the impact of shipping/supply chain disruptions and upside risk for energy prices,” JPMorgan chief equity strategist Marko Kolanovic and other said in a note to clients. The bank’s analysts “specifically cited the tensions in the Red Sea and the U.S. presidential election as risks to the ongoing disinflationary process that has gotten the Fed closer to its 2% inflation goal.” Union Membership Falls To New Low In 2023 The AP reports that while union action “commanded big headlines” in 2023, the attention didn’t ultimately “translate into higher membership rates, according to government data released Tuesday.” The Bureau of Labor Statistics “said 10% of hourly and salaried workers were members of unions in 2023, or around 14.4 million people” – an all-time low for union membership in the US. However, the number of private union members “increased by 191,000 to 7.4 million last year” – a sector that includes auto workers, hospitality workers, and members of entertainment unions such as SAG-AFTRA. However, the overall percentage of private union workers did not rise year-over-year.         The Washington Post reports the decrease in membership rates “happened because the labor market added a whopping 2.7 million jobs in 2023, with nonunion positions growing at a faster pace than union ones.” The decline in 2023 “was driven by a drop in public-sector union membership to 32.5 percent, data shows, where union density is still roughly five times higher than in private industry.” Major Stock Indices Mixed After Hitting New Records CNBC reports that the Dow Jones Industrial Average “fell Tuesday, pulling back from record-breaking highs as traders pored through the latest batch of corporate earnings. The blue-chip Dow slid 96.36 points, or 0.25%, to 37,905.45, retreating below the 38,000 level that was crossed for the first time on Monday.” The S&P 500 “rose by 0.29% to 4,864.60, a fresh all-time closing high,” and the Nasdaq Composite “advanced 0.43% to 15,425.94.” Previous Top Stories  • Miami Industry Breakfast Set For Feb. 15 – Tickets Now Available  • Richmond Federal Reserve President Does Not Rule Out March Rate Cut

Subscriber Tools • Change Email Address • Contact NMMA News Editor • Unsubscribe • Email Help • Archives Advertise with NMMA Currents: Email Our Advertising Team advertise@bulletinmedia.com Click Here For Media Kit

NMMA Currents is a digest of the most important news selected from thousands of sources by the editors of Bulletin Media. The presence of such advertising does not endorse, or imply endorsement of, any products or services by the National Marine Manufacturers Association. This complimentary copy of NMMA Currents was sent to manojdole1.marinefitter@blogger.com as part of your NMMA membership. Your personal data may be used to improve content delivery within this briefing. Do not sell my personal information: if you have a do not sell my information request under the California Consumer Protection Act please go to our CCPA Privacy Notice to see how to contact us. To see how we protect our data, for any questions on data access, or your rights under the CCPA, including the right to not sell your information, please view BulletinMedia's privacy policy or CCPA Privacy Notice. Neither Bulletin Media nor the National Marine Manufacturers Association is liable for the use of or reliance on any information contained in this briefing. Send any questions or feedback about NMMA Currents to PRTeam@nmma.org. For information about other member benefits, please contact NMMA Member Service Center by sending an email to bwelsh@nmma.org. Click here to unsubscribe from Currents. National Marine Manufacturers Association | 231 S. LaSalle Street | Suite 2050 | Chicago, IL 60604 Copyright © 2024 by Bulletin Media| 1785 Greensboro Station | 8th Floor | McLean, VA 22102