salmon
Still Swimming, but Millions Fewer Due to Virus
Chile's salmon industry is worth $2 billion and the fish are one of the country's top four exports. Chile is the biggest supplier of salmon to the U.S. and second to the world. But in the past year, a flue-like virus called Infectious Salmon Anemia (ISA) has spread through the country's salmon fisheries, sometimes infecting entire salmon stocks.
Hoping to curb the devastating effects of ISA, the Chilean government has stepped up controls and passed stricter regulations for antibiotic use and addressing overcrowding. But, compliance is costly and the industry complained of having trouble securing loans at a time when most banks aren't lending. To help fulfill the new requirements, the Chilean government announced a $120 million bailout for the salmon industry.
New Tang Dynasty Television, an independent, non-profit television broadcaster based in New York, reports on at the toll the virus has taken on the industry and what the future for the industry looks like in the following video.


Delicious
Digg
StumbleUpon
Reddit
Facebook
Google
Yahoo
Recent comments
on India's Weavers Hanging By A Thread
on A 'Rising Star' in Economics
on A 'Rising Star' in Economics
on What's the world's most serious problem?
on Beyond Savings and Loans