ICYMI: ICOMIA President Presents Global Sustainability Research Findings At The Miami Industry Breakfast

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FEATURED INDUSTRY NEWS ICYMI: ICOMIA President Presents Global Sustainability Research Findings At The Miami Industry Breakfast During last month’s Industry Breakfast at the Discover Boating Miami International Boat Show, Darren Vaux, president of the International Council of Marine Industry Associations (ICOMIA), presented the latest findings from the Pathways to Decarbonization for the Recreational Marine Industry report. Vaux highlighted the portfolio of technologies best positioned to continue to propel the industry toward decarbonization. Read More LEADING ECONOMIC AND POLICY NEWS President Biden Budget Includes Tax Cuts For Families, Tax Hikes For The Rich And Corporations The AP reports that on Monday, President Biden “released a budget proposal aimed at getting voters’ attention: It would offer tax breaks for families, lower health care costs, smaller deficits and higher taxes on the wealthy and corporations.” The AP adds, “Unlikely to pass the House and Senate to become law, the proposal for fiscal 2025 is an election year blueprint about what the future could hold if Biden and enough of his fellow Democrats win in November.” According to the AP, “If the Biden budget became law, deficits could be pruned $3 trillion over a decade.” The AP goes on to report that Biden was in Manchester, New Hampshire on Monday, and said, “I’m here in New Hampshire to talk about the budget I released today that would, I think, help in a big way.” The New York Times says, “Overall, Mr. Biden is proposing $5 trillion in additional taxes on corporations and high earners over the next decade.”         The Washington Post, Reuters, CNBC, Politico, and other sources also report. February’s CPI Data Will Not Push The Federal Reserve To Cut Rates Bloomberg reports a monthly report on US consumer price inflation set to be released on Tuesday is unlikely to convince Federal Reserve policymakers its safe to start lowering interest rates, according to a new analysis by Bloomberg Economics. In a note released Monday, Bloomberg economists Anna Wong and Stuart Paul forecast that core consumer price index (CPI), excluding food and energy, probably grew 0.3% in February. They also estimate that core CPI rose 3.7% on a year-over-year basis, which would be the slowest growth since April 2021. Federal Judge Blocks New NLRB Rule Making It Easier For Workers To Organize The AP reports that “a federal judge in Texas has blocked a new rule by the National Labor Relations Board that would have made it easier for millions of workers to form unions at big companies.” According to the AP, “Under the current NLRB rule, which was passed by a Republican-dominated board in 2020, a company like McDonald’s isn’t considered a joint employer of most of its workers since they are directly employed by franchisees. The new rule would have expanded that definition to say companies may be considered joint employers if they have the ability to control – directly or indirectly – at least one condition of employment,” including “wages and benefits, hours and scheduling, the assignment of duties, work rules and hiring.” US District Court Judge J. Campbell Barker “concluded that the NLRB’s new rule...was ‘arbitrary and capricious’ in regard to how it would change the existing rule.” S&P 500, Nasdaq Both Close Lower CNBC reports that both the S&P 500 and Nasdaq Composite “closed lower on Monday. ... The broad S&P 500 and technology-heavy Nasdaq closed 0.1% and 0.4% lower, respectively. Both saw their second negative sessions in a row.” The Dow Jones Industrial Average “was able to eke out a gain of 0.1%.” Previous Top Stories  • ABYC Sets Date For Marine Service Technician Week  • Federal Reserve Expected To Leave Rates Unchanged Following Jobs Data

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