RICHMOND, Va., July 1 /PRNewswire/ -- H. L. Mencken famously described the
Chesapeake Bay, with its abundance of seafood, as an "immense protein
factory." Recently, however, the Bay has been plagued by overfishing, with
stocks of its most famous and lucrative product -- the blue crab -- dwindling.
Such developments have led many economists to question the effectiveness of
traditional regulatory measures designed to manage the region's fisheries. In
the recently released and newly redesigned issue of Region Focus, Aaron
Steelman reports on the potential benefits of adopting alternative, market-
driven proposals, such as Individual Transferable Quota systems. Also in this
issue:
Chesapeake Country -- Can fishing communities along the Chesapeake Bay
find new ways to exploit their natural resource?
Need Quick Cash? -- The short-term relief but possible long-term headaches
of payday loans
Steelmakers Receive Protection -- Tariffs could harm consumers without
saving the ailing industry
Region Focus will have two new departments, one on the Federal Reserve and
one on economic history. In the Summer 2002 issue read about the Federal Open
Market Committee and the economic realities behind Southern plantations.
Region Focus, a quarterly business magazine published by the Federal
Reserve Bank of Richmond, covers the economy and business activities of the
District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and
most of West Virginia.
For copies free of charge, contact the Bank's Public Affairs Department at
804-697-8111. The articles are available at
http://www.rich.frb.org/pubs/regionfocus.
SOURCE Federal Reserve Bank of Richmond
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Related links:
http://www.rich.frb.org
http://www.rich.frb.org/pubs/regionfocus
CONTACT:
Aaron Steelman, Senior Editor of Region
Focus, of the Federal Reserve Bank of Richmond, +1-804-697-2658
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