Senate Searches For Agreement on Economic Stimulus Plan

Friday, December 07, 2001
The Senate returned form the Thanksgiving recess still in a deadlock over plans to provide an economic stimulus packaged for a sagging economy. Prior to recess, a bill reported out of the Finance Committee on a party line vote failed to achieve the votes necessary to overcome a procedural objection. As the congress reconvened after Thanksgiving, leaders continued negotiations over the economic stimulus package while the Senate took up railroad legislation and a farm bill. The House of Representatives previously passed its own version of economic stimulus legislation. Both the House-passed bill and the measure reported in the Senate contain provisions for accelerated depreciation of capital assets. AWO has sought an exemption from the accelerated depreciation for the inland and coastal towboat, tugboat and barge industry because of concerns that such incentives could lead to overbuilding in an industry already dealing with an excess of capacity. As negotiations continue over the economic stimulus package, AWO is continuing to seek support from Senators for language that would exempt the entire industry- both inland and coastal- from the accelerated depreciation provisions. Source: AWO Letter

Finance

NParks, Keppel in S$2.08 mln Partnership for Restoring Singapore Forest Wetlands

The National Parks Board (NParks) and Keppel Corporation today unveiled plans for a partnership to restore the freshwater forest wetland ecosystem historically

Skaugen Goes to Red Again

Norwegian Marine Transportation Service Company I.M. Skaugen SE reported interim losses but cautiously positive and expecting a gradual recovery of trading opportunities

Kongsberg Performs Well in Q2

Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0698 sec (14 req/sec)