Prices are going up worldwide. Oil, wheat, rice … everything but the price of lobster dinner. A lobster population boom has lowered prices in supermarkets but the price of a lobster dinner in a U.S. restaurant remains high. That’s because “… economically speaking, lobster is less like a commodity than like a luxury good,” writes James Surowieki, “which means that its price involves a host of odd psychological factors.” Find the fishy financial facts here:
Image (“Lobster on the Hoof, after Arthur Loomis”) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com
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“Lobsters were so abundant in the early days—residents in the Massachusetts Bay Colony found they washed up on the beach in two-foot-high piles—that people thought of them as trash food. It was fit only for the poor and served to servants or prisoners. In 1622, the governor of Plymouth Plantation, William Bradford, was embarrassed to admit to newly arrived colonists that the only food they ‘could presente their friends with was a lobster … without bread or anyhting else but a cupp of fair water’ (original spelling preserved). Later, rumor has it, some in Massachusetts revolted and the colony was forced to sign contracts promising that indentured servants wouldn’t be fed lobster more than three times a week.”
Sun Myung Moon, Korean minister and head of a global business empire which includes seafood giant True World Foods, has died in South Korea’s Cheongshim Hospital, owned by the Unification Church he founded. Reverend Moon was either 92 or 93 years old (reports differ). His secretive but vast business interests sell “cars, guns, newspapers and sushi” around the world, according to Businessweek.
“Moon has purchased and controlled a number of seafood companies around the world, including True World Foods, a wholesaler that distributes sushi and other seafood to more than 8,000 Japanese restaurants around the U.S. Moon has also claimed holdings of seafood and shipbuilding companies in Alabama and Alaska…..”
— “Sein Reich war von dieser Welt [“His kingdom was of this world”],” Patrick Zoll, Neue Zürcher Zeitung
A Washington, DC fish wholesaler has been found guilty of buying rockfish from a gang of rustlers. A co-owner and a fish buyer will go to the pokey, and the company has been fined $875,000. The DC bass bandits were collared last December. The rockfish (Morone saxatilis or Roccus saxatilis), also known as the striped bass, is the state fish of Maryland. It was overfished for decades, and harvesting is tightly controlled.
A posse has been roundin’ up rockfish rustlers for some time. Convictions were based on investigations by a special task force of the U.S. Fish and Wildlife Service, Maryland Natural Resources Police, and the Virginia Marine Police between 2003 through 2007.