Treasury Secretary Timothy Geithner yesterday laid out the White House’s plan to rescue the financial system, and it is bigger than expected, with government playing a larger role in markets and banks.
Under the plan, administration officials will pump as much as $2.5 trillion into the financial system — $350 billion of it from the TARP fund, according to a report in The New York Times.
Many of the details of the program, however, remain unsettled.
New boat sales in June grew marginally, with a 1.1 percent rise in the main powerboat categories and just 0.2 percent growth overall, according to preliminary data from Statistical Surveys Inc., a Michigan firm that tracks registrations.
Technology and satellite communications company Mazu has launched a sportfishing app that seeks to give anglers weather and sea state information, and provide powerful communications capabilities via satellite.
Two boating industry chief executives will help decide national water-access issues and the restructuring of the Department of Interior
The National Marine Manufacturers Association hosted a panel with the Congressional boating and motorcycle caucuses on Thursday to urge Congress to pass the Consumer Protection and Fuel Transparency Act, bipartisan legislation that would clearly label E15 gasoline at the pumps.
Sen. Claire McCaskill warns Commerce Secretary Wilbur Ross that tariffs could cause job losses in boating industry.
Future Mobility Solutions, parent of Sealegs amphibious boats, said it has prevailed in a copyright infringement case against a competitor.
Jamie Elgie will also serve as senior vice president, responsible for the company’s four brands.
The $670,000 grant from the Department of Transportation will be used for a water-jet cutting machine.