Penney files for Chapter 11 bankruptcy

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Other measures to help preserve the remaining whales including a 1994 act by the IWC to establish The Southern Ocean Whale Sanctuary. Several countries quit the whaling business and banned whaling in their waters in the later part of the 20th century including the UK and the US. However, the spirit of cooperation in seen in the early days of the IWC would soon fall away and while the future of the IWC is in some debate today, the fragile balance of life in the ocean is hanging by a thread..

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