Weekly 5: Economists cautiously optimistic for 2013

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Christopher Gerber (CGerber@BoatingIndustry.com)
December 4, 2012
Filed under Weekly 5

Editor’s Note: The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com

1. Economists cautiously optimistic for 2013

Financial and economic professionals are feeling fairly confident that the U.S. can avoid the fiscal cliff and have modest economic growth in 2013. That’s according to the annual survey from the Chicago Fed Symposium. The symposium attendees expect GDP to rise 2.1 percent, with flat inflation and a slight decrease to 7.6 percent in unemployment. The event brings together economists from many industries including manufacturing, banking and the auto industry to discuss their economic outlook.

2. 94 answers for small business tax questions

Got a question about your dealership’s taxes as you roll into 2013? The Small Business Administration recently held an online chat where its tax expert fielded 94 questions from small business owners, so you just might find the answer.

3. AAA questions E15

The American Automobile Association says the new E15 blend of gasoline could confuse consumers and cause engine damage.

E15 gasoline – with 15 percent ethanol – has been a source of concern in the marine industry as manufacturers and dealers worry about damage to boat engines. The MRAA, NMMA and other industry associations have been fighting the approval of E15.

The AAA – the largest U.S. driving organization – is urging the EPA not to allow the sale of E15 until those challenges can be addressed.

4. Sandy – Before & After

Hurricane Sandy drastically reshaped the Atlantic coastline. The National Oceanic Atmospheric Administration has released a collection of images that shows just how much it has changed.

5. 3 unconventional ways to boost Facebook engagement

Trying to get more Facebook fans and interact better with the ones you have? Social Media Examiner has three tips for going beyond contests and advertisements.

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