NEW BEDFORD, MA – August 24, 2010 – A brutal version of economic Darwinism pushed by the Obama administration is quickly transforming the New England groundfishery, according to assessments from fishing industry leaders presented here Tuesday.
Landing figures for the first quarter of the fishing year suggest a story of successfully managed conservation with rising revenues — just what the federal government had hoped for in the rollout of its catch share program.
But industry reports from Gloucester, Rhode Island and New Bedford, the nation's No. 1 port in landings' dollar value, Tuesday described the unsettling underside of the catch share experience, with a few big winners and many little losers already emerging.
Read the story in full from the Gloucester Times.