Word: fishes
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Katrín Pétursdóttir knows what treasure lies in the pile of skinned fish carcasses before her, and the investment needed to extract it. Seventy years ago her grandfather founded LÝSI, a fish processing company, which last year produced 6,000 tons of fish oil and $30 million in revenues with just 100 employees. In 2005, Pétursdóttir built a gleaming $4 million factory, and she has plans for a $7 million expansion to keep up with the growing demand among health-minded consumers for omega-3 fatty acids. But financing...
...restore investor confidence, Icelandic banks and government officials have emphasized their economy's unflagging strengths in a charm offensive directed at ratings agencies and investors. Iceland is the fifth richest country in the oecd; the prices of its largest exports, aluminum and fish, are at record highs. "The Icelanders are richer than us," says British economist Portes. "They're not exactly going to starve." (Iceland's gross national income per capita is $39,400, compared to the U.K.'s $35,300.) What's more, the banks remain fundamentally sound: they have strong deposit ratios and are more profitable than their...
...When I travel, I don't do as well, and so I'll occasionally go back to the strict first phase if I feel my cravings are returning. But otherwise I'm just making the most healthy choices. I maximize whole fruits, vegetables, whole grains, lean protein, fiber, particularly fish. But if I'm at an affair or whatever, I'll indulge in a dessert...
...farmers are growing crops, especially corn, not as food but for conversion into biofuel. Meanwhile, demand for food is surging in China and India, where hundreds of millions of increasingly prosperous people are eating more. Though the demand in these countries is for less rice and more meat and fish, this increases the consumption of grain in the form of feed: it takes 7-15 kg of grain to produce a kilogram of meat. Record-high oil prices and escalating freight costs, as well as drought in the Middle East, have all contributed to world wheat stocks, for example, plunging...
...past. "As silly as it sounds, go with the chicken," says Daniel Briones, NACE president and director of catering at the Four Seasons Philadelphia. Shelley Harrington, who married Scott Barber on May 10 in Rochester, Mich., opted for chicken with Boursin cheese in a phyllo-dough wrapping plus a fish option. Both cost about $20 a plate; steak would have been $40. Few venues let couples stock their own bar, but limiting the open bar is a fine option for capping the caterer's markup on the booze. Annemarie Conte and Andy Kielich will serve beer and wine and maybe...