Regulations and Compliance

Many federal and state government regulations affect the marine industry. Trade Only follows developments as companies strive to operate in compliance with the rules.

Baltimore researchers turn cobia into vegetarians

Cobia, sometimes called black salmon, is a powerful fish that devours other marine life, from smaller fish to crabs. Recently, three Baltimore researchers set out to tame this wild and hungry fish — specifically, to turn it into a vegetarian. Last week, they said they had pulled off the feat at a laboratory. The conversion…more

Lake Havasu group gains grant for invasive-species campaign

Preventing the spread of aquatic invasive species throughout freshwater lakes and rivers of the western United States has become a high priority, especially on the lower Colorado River, which has a growing population of quagga mussels. The Lake Havasu Marine Association, in cooperation with Arizona Game and Fish, developed and initiated a grassroots plan, “Sticker…more

Survey seeks input on human-propelled boat standards

A team of experts assembled with Coast Guard grant funding seeks national content validation of a set of entry level, skill-based manually propelled boat operation standards (canoes, kayaks, rowboats, paddleboards, etc.). The National On-Water Standards Team is seeking input from recreational paddling and rowing educators on a first-round set of standards to be used to…more

Guy Harvey talks conservation during Shark Week

Although the public fascination with sharks is sure to pull huge interest and rating numbers during the annual Shark Week 2013 that begins Monday, marine scientists such as Guy Harvey are reminding the public that shark conservation is a 52-week obligation. From seeding money to support a tag-and-release structure for shark tournaments, launching expeditions to…more

Lawmakers revive cutting second-home mortgage deduction

Two congressmen reintroduced a bill that would prevent boat owners from writing off mortgage interest payments if they classify boats as second homes. U.S. Reps. Tim Walz, D-Minn., and Mike Quigley, D-Ill., reintroduced legislation to eliminate what it calls “taxpayer subsidies for luxury yachts.” But Jim Coburn, managing partner at Coburn and Associates LLC and…more

Unemployment stays at 7.6 percent

The unemployment rate remained unchanged at 7.6 percent as 195,000 jobs were added in June, the U.S. Bureau of Labor Statistics reported today. Job growth occurred in leisure and hospitality, professional and business services, retail trade, health care and financial activities, the government reported. The results surpassed expectations. Economists surveyed by Dow Jones Newswires had…more

Home ownership hits eight-year low

A new study issued today shows that home and rental property prices are rising and new construction is picking up, all signs that the housing market is recovering. However, millions of American homeowners are still delinquent on mortgages or upside down on their loans. Despite low interest rates, the U.S. home ownership rate fell for…more

Standard & Poor’s upgrades U.S. credit rating

Standard & Poor’s rating agency upgraded the long-term outlook on America’s credit rating from negative to stable, citing debt reduction through tax hikes and expenditure cuts and increasing private-sector contributions to growth. The rating agency reaffirmed the country’s AA+ long-term and A-1+ short-term sovereign credit rating Monday, leaving the top-shelf short-term credit rating unchanged. S&P…more

Unemployment ticks up to 7.6 percent in May

The economy added 175,000 jobs in May, and the nation’s unemployment rate rose slightly, to 7.6 percent, the U.S. Bureau of Labor Statistics reported today. The government said employment rose in professional and business services, food services and drinking places, and retail trade. A total of 11.8 million people were jobless in May, up from…more

Unemployment drops to 7.5 percent

The economy added 165,000 jobs in April and the nation’s unemployment rate dipped to 7.5 percent, the U.S. Bureau of Labor Statistics reported today. The government said employment increased in professional and business services, food services and drinking places, retail trade and health care. The Washington Post reported that hiring in February and March was…more

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