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...world's stock markets today. Despite the Dow Industrial's 125-point slide on Wednesday, Hong Kong's Hang Seng index climbed a solid 260.92 points, to 10,623.78, today, or about 2.52%. In Japan, the Nikkei 225 was up 94 points, to 16,458.94. Australia and New Zealand also were up. In Indonesia, the Jakarta Composite was down slightly as traders waited for details on the restrictions imposed by the aid package, including what the New York Times called "wide-ranging austerity measures...

Author: /time Magazine | Title: Indonesia's $20B Lifesaver | 10/31/1997 | See Source »

Since its August 1996 inception with two campus affiliates, CFA has grown to encompass 36 member organizations. Students at schools from Auckland University in New Zealand to nearby Amherst College have signed the CFA's mission statement, "A Declaration of Necessity...

Author: By Jacqueline A. Newmyer, CONTRIBUTING WRITER | Title: Religious Groups Face Opposition | 10/2/1997 | See Source »

Unfortunately, it takes longer to rebuild a fishery than it does to ruin one. Consider the present state of the orange roughy on New Zealand's Challenger Plateau. Discovered in 1979, this deep-water fishing hole took off in the 1980s when the mild-tasting, white-fleshed fish became popular with U.S. chefs. Happy to stoke the surging demand, fishermen are believed to have reduced the biomass of orange roughy as much as 80% before officials stepped in. Now, says Yale University ichthyologist Jon Moore, it may take centuries before the fishery rebounds. As scientists have belatedly learned, orange roughy...

Author: /time Magazine | Title: THE FISH CRISIS | 8/11/1997 | See Source »

...locate large shoals of fish that would otherwise remain concealed beneath tens, even hundreds of feet of water. And once a fishing hot spot is pinpointed by sonar, satellite-navigation systems enable vessels to return unerringly to the same location year after year. In this fashion, fishermen from New Zealand to the Philippines have been able to home in on orange roughy and giant groupers as they gather to spawn, in some cases virtually eliminating entire generations of reproducing adults...

Author: /time Magazine | Title: THE FISH CRISIS | 8/11/1997 | See Source »

...fisheries could provide the jolt political leaders need. For the past half-century, billions of dollars have been spent by maritime nations to expand their domestic fishing fleets, subsidizing everything from fuel costs to the construction of factory trawlers. And until countries like Canada, China, Japan, South Korea, New Zealand, Norway, Spain and, yes, the U.S. are willing to confront this monster of their own making, attempts to control overfishing are likely to prove ineffectual. The problem, as Carl Safina, director of the National Audubon Society's Living Oceans Program, observes, is as politically intractable as it is intellectually simple...

Author: /time Magazine | Title: THE FISH CRISIS | 8/11/1997 | See Source »

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