In January 2007, unemployment stood at 4.6 percent, with most counties in the country registering unemployment at 4 percent or lower. Fast forward nearly two years, and it’s a much different picture. There are more than 31 million people unemployed, which includes those involuntarily working part time and those who want a job but have…more
The marine industry is a global enterprise. Builders, dealers, marinas, equipment manufacturers and other businesses are found worldwide, and there are major boat shows on all continents.
Delta “T” Systems is partnering with Witt & Sohn to expand its services to all types of vessels. “The alliance with Witt & Sohn will strengthen the Delta “T” Systems line, as well as greatly benefit the marine industry,” company president and owner Lynn Oien said in a statement. “It will increase our ability to…more
A well-known boating couple admitted in federal court last week that they spied for Cuba over the past three decades, receiving coded instructions over a shortwave radio and passing them along. Walter K. Myers, 72, pleaded guilty to conspiring to commit espionage and wire fraud. His wife, Gwendolyn Steingraber Myers, 71, pleaded guilty to conspiring…more
The Nathanael G. Herreshoff Trophy was recently presented to Terry Kohler by US Sailing. Kohler, the president and CEO of Windway Capital Corporation, a holding company for subsidiaries such as North Sails Group, is the 51st recipient of the award. Under his leadership, North Sails has become a world leader in its field through a…more
The U.S. Coast Guard announced the 2009 International Maritime Organization World Maritime Day Parallel Event will be held Oct. 16-18 in New York City. The IMO held its World Maritime Day Sept. 24 with the theme “Climate change: a challenge for IMO, too” The events in New York City will follow the same theme. Click…more
The British Virgin Islands Spring Regatta will continue its “green” initiatives for its upcoming show to be held from March 29-April 4, 2010, in Road Town, Tortola. This year, the regatta stressed the use of recyclable water bottles and next year there are plans for recycle bins to be placed around the island. Click here…more
New York City and Barcelona, Spain, today announced a new sailing event to take place in April 2010: the NY-BCN Transoceanic Sailing Record. This is the first transoceanic sailing race between the two cities. Participants will sail two identical IMOCA Open 60s, the Estrella Damm and the newly christened W Hotels. Crewed by three-man teams…more
The New York Times has produced a video that recounts the events of the weekend Lehman Brothers failed a year ago and discusses the lessons learned from the financial crisis that began in September 2008. Click here to see the video.
Economists say – and data is beginning to show – that the rich, as a group, are no longer getting richer, according to a recent article in The New York Times, and that could have a big impact on the megayacht sector of the boating industry. During the last two years, the rich have become…more
The Northern Lights Cup match-racing event starts today at the US Sailing Center in Sheboygan, Wis. The Grade 3 regatta is sailed in the US Sailing Center Sheboygan’s fleet of Sonars. Each skipper will sail with three additional crew, and the combined crew weight for any team cannot exceed 600 pounds. The racing will take…more