May 14, 2011 – Emphasizing "welcome news" about the first year under Amendment 16, the head of the National Marine Fisheries Service has noted data in a scientific report showing an increase in revenues nine months into the new regimen, which includes the catch share system.
But across the industry Friday, NMFS chief Eric Schwaab's report was met with disdain and dismissal because it ignores any data on costs.
A press release about the interim study by a team from the Northeast Fisheries Science Center focused on increased revenue figures — even though the authors' executive summary noted the research did not include any data whatsoever on the new expenses and operating costs engineered into the system.
Industry leaders scoffed at the half story buttressing the good news.
Read the complete story from The Gloucester Times.