Cod Shortage Hits Cape Cod

Falling catches have forced the fisherman of Cape Cod to tie up their boats and turn to the American government for a bailout to save the region's fishing community from a spiral of decline.

A combination of overfishing and a predatory seal population is driving many fishermen out of the business altogether.

Permits that changed hands for £50,000 ($85,000) just five years ago are now barely worth the paper they are printed on.

To read the rest of the story, please go to: The Telegraph