Construction is the most dangerous job outside of commercial fishing.

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He had graduated with a degree in philosophy from the University of North Carolina, then taken a job as a fly-fishing guide.

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In 1997 Yera's obsession finally got the better of him, and he quit his engineering job to become a full-time fishing guide.

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"The fishing industry has slowed from a full-time job to just a couple months a year, " said Doug Monk, the captain of the boat from which Woodside dives.

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Mr Armstrong is scathing about the way the Icelandic fishermen are fishing for mackerel, describing it as a "mugging job".

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At age 20, he spent the summer working on the fishing boat of NYSE board member Walter Frank, which later led to a job at Frank's specialist firm.

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