Even as the Federal Reserve agonizes over interest rates and the financial markets waver over the direction of the economy, consumers continue to show they’re willing to spend at a steady pace.
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.
When Federal Reserve chairman Janet Yellen said last week that the central bank will be cautious about rate increases this year because inflation remains low and the economy beyond our shores is weak, the financial markets cheered.
The U.S. economy added 215,000 jobs in March, exceeding forecasts, and the unemployment rate ticked up to 5 percent as more Americans began to look for work.
The Conference Board said today that its Consumer Confidence Index improved in March after falling in February.
Week to week during the year, economy watchers get pieces of the puzzle — retail sales one week and home sales another — but nothing at least temporarily settles arguments about the direction of the nation the way the quarterly report on gross domestic product does.
When scientists in the U.K. asked the public to name their new $290 million polar research ship, they expected the name of an explorer such as Sir Ernest Shackleton or a naturalist such as David Attenborough to eventually be emblazoned across the vessel’s bow.
A German Shepherd-Husky mix that fell out of a fishing boat in the Pacific Ocean 80 miles off the coast of San Diego was found alive more than a month later.
Industries such as recreational marine have made steady progress recovering from the Great Recession, but they probably shouldn’t expect sales to take a large step forward this year.
WEST PALM BEACH, Fla. — U.S. Rep. Lois Frankel (D-Fla.) used the Palm Beach International Boat Show to continue her fight to make it easier for foreign-flagged yachts visiting the United States to be sold to Americans.
Fourteen months after Rainmaker, a 55-foot Gunboat, was abandoned in the Atlantic Ocean, members of Oracle Team USA spotted the fully intact hull at sea. They saw the boat while they were on a fishing trip off Bermuda, and a 40-foot Luhrs charter fishing boat called Tenacious hauled it in, according to Gunboat founder Peter…more