Weekly 5: Bill to roll back E15 introduced in Senate
February 19, 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. Bill to roll back E15 introduced in Senate
Republican senators Roger Wicker of Mississippi and David Vitters of Louisiana have introduced a bill that would prohibit the Environmental Protection Agency from issuing waivers for any gasoline blend of more than 10 percent ethanol.
That would effectively overturn the EPA’s approval of 15 percent ethanol blend gasoline (known as E15).
2. High unemployment not permanent, Fed says
The Boating Industry team was in Miami last week for the Miami International Boat Show.
In case you missed it, here are some of the highlights of our coverage:
3. Home prices surge, foreclosures drop
More positive news for the housing market – one of the key drivers of consumer confidence and GDP.
FNC reported this week that home prices were up 5.4 percent year-over-year in December. More importantly, foreclosures continue to be a smaller percentage of sales – 17.8 percent in December, down from 24 percent in 2011 – and those foreclosures are selling at smaller discounts than they were, bringing them more in line with historic rates.
4. Consumer sentiment improves in February
After two months of declines, the Thomson Reuters/University of Michigan consumer sentiment index increased to 76.3, up from 73.8 in January.
That number, though, is still lower than the levels reached late last year.
5. From social networks to in-person networks
One of the biggest challenges of social media is taking the networks you build there and making them work for you in the real world. Networking guru Mike Bruny offers 8 tips on building powerful in-person networks from your social contacts.