Rich and poor share sport fishing passion

By Chris Katje: On October 26, the announcement came that Viacom had made a majority purchase of Bellator Fighting Championship. Bellator is a smaller version of the popular UFC, which competes in the growing Mixed Martial Arts sport. Back in August, Viacom lost its content distribution deal with the Ultimate Fighting Championship, and since then has been rumored to be looking to make a play at a new league.

Ron Rowland submits:Global X brought out the Global X Fishing Industry ETF (FISN) yesterday (5/4/11), targeting companies engaged in commercial fishing, fish farming, fish processing or the marketing and sale of fish and fish products.

Sounds absurd, doesn't it? But, when doesn't an idea which pushes the limits of an industry (or in this case a sport) sound ridiculous initially? That is how industries evolve though. Perhaps salmon fishing in a country famed for its deserts is a trivial example, but it brings to light how - with enough passion, ...

New York state should legalize "ultimate fighting" to help close a US$7-billion deficit, Governor David Paterson said on Monday, though a previous Republican governor outlawed the sport.

It was supposed to be a three-day fishing trip at most. It turned into a three-week ordeal, drifting under an intense sun for hundreds of miles in the Caribbean in a small boat with a broken motor. The two Jamaican fishermen survived by eating raw fish they caught and drinking water from melted ice they had brought to preserve their catch. The Colombian navy finally plucked them from the sea a week ago and delivered them home Saturday after treating them for severe dehydration, malnutrition and hypothermia.

Dutch Trader submits: A new study of industrial fishing practices has found that the world’s fish catch peaked more than 20 years ago and has been declining since. Worse, it finds that the steady increases in the catch prior to the 1980s were achieved not because there were lots of fish. Rather, because the industry constantly moved to new fisheries, leaving behind depleted ones.