great article. 700 bears isn't very many at all, and from what i've read this population is only stable and sustainable because of the protection its been under and removing its endangered status translates to removing its protections. it would be really sad to see a conservation success story turn into another failure.
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To be honest I'm not exactly sure what the removal of the status will do for the species. I still think the bears will have some sort of protection, and from what I understand only the active part of the conservation work will stop. I don't think it will be legal to hunt them etc. anyway.
I think 700 bears are pretty many for a single region. My own country (Norway) is considered to have a pretty OK bear population, but we only have between 120 and 170 grown bears living here. Remember that these are large animals that each have a huge home range that they will defend from other bears.