Weekly 5: E15 battle could go to Supreme Court
February 5, 2013
Filed under Weekly 5
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. E15 battle could go to Supreme Court
The American Petroleum Institute says it is considering taking its challenge of E15 to the U.S. Supreme Court.
Last month, the U.S. Court of Appeals rejected a challenge to the Environmental Protection Agency’s approval of 15 percent ethanol blends. It was the latest setback for several groups – including marine industry trade associations – challenging the use of E15.
That news comes in the wake of a recent study – albeit from a coalition of oil companies – that said E15 causes more damage to engines than previously thought.
2. Consumer confidence, sentiment offer mixed bag
Two measures of consumer thoughts last week didn’t offer a very clear picture.
The Conference Board’s Consumer Confidence Index fell to its lowest level since November 2011. The group attributed the decline to the increase in the payroll tax.
At the same time, the University of Michigan – Thomson Reuters Consumer Sentiment Index swung up in January, beating expectations. The increase still failed to make up for all of the December drop, when fiscal cliff concerns weighed on consumers.
3. Yelp & Small Businesses
Yelp continues to get negative buzz, with more small business owners claiming the popular online review site favors advertisers.
Yelp says that perception is false and caused by confusion about the company’s filtering software that is set up to block fake reviews.
4. Lending demand picks up
A monthly survey of loan officers by the Federal Reserve shows slightly increased demand for some type of loans, as well as some easing of lending standards.
The Senior Loan Officer Opinion Survey on Bank Lending Practices showed that over the last three months demand has increased for business loans, home mortgages and auto loans. The banks also reported that there had been a slight easing of lending standards, especially on auto loans.
5. 26 tips for getting started with social media
Not sure how to get started or ratchet up your social media efforts? Social Media Examiner has 26 different tips for getting your social media up to speed.