Largest Icelandic whaling company cancels seasonal hunt

The largest commercial whaling company in Iceland has canceled its seasonal hunt due to an uncertain economic outlook. Only three countries are allowed to hunt whales - Iceland, Norway and most recently, Japan - and Iceland's primary export market in Japan has been declining. The World's Carolyn Beeler spoke with Sigurur Johannesson, director of the Institute of Economic Studies at the University of Iceland, about the economic outlook of whaling in the country.