Word: sushi
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Bikkuri Honpo, a chain of Japanese sushi restaurants, lived up to its name last week. Literally translated, the chain is called the "original house of surprise." The surprise? The 25-year-old business, which for several years had been expanding quickly in Tokyo and appeared to be thriving, filed for bankruptcy protection, dragged down by $50 million in liabilities...
...think selling raw fish in the sushi capital of the world would be a recession-proof business. But Japan's economy, the world's second largest, is weakening so quickly, not even seemingly strong enterprises are safe. In September, the number of Japanese companies filing for bankruptcy shot up 34.5% compared with September 2007. That's the biggest spike in business failures since March...
...Cheesy! If you're feeling peckish in Midtown Manhattan you might try wandering into the IMB Building's atrium at East 56th Street and Madison Avenue to nosh on a mozzarella tasting menu. Obika looks like a take-out sushi joint, but it's an Italian restaurant chain focused on cheese, specifically its handmade Mozzarella di Bufala Campana. The porcelain white (the yellow mozzarella in your supermarket was made from cow's milk, not buffalo's), slightly briny balls are paired with grilled vegetables and prosciutto. If you just want a sandwich to go, the menu also includes paninis. Look...
...hardly alone, which is bad news for the world's oceans. Partly because of the rising global demand for sushi, we're fast fishing out our seas, with some researchers estimating that if we don't change the way we harvest the oceans, all the commercial fisheries in the world could collapse as early as 2048. That could mean no more California rolls in your local supermarket...
Consumers also can help save the seas--through the fish they buy. To that end, California's Monterey Bay Aquarium, along with the Blue Ocean Institute and the Environmental Defense Fund, is coming out with pocket guides to sustainable sushi. The groups base their ratings on the health of a wild fish's population (the popular bluefin tuna is restricted), along with the impacts of fish-farming operations. (Fast-growing oysters can be farmed sustainably, but salmon can't.) They also take into account fishing practices: catching bigeye tuna with thousand-hooked longlines can result in the unintended death...