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Brandon Sun Newspaper Archives

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Brandon Sun (Newspaper) - June 27, 2002, Brandon, Manitoba A4 BRANDON Jane Despite analysts say investor confidence deeply rattled CONtlNUED FROM Al The Canada Pension Plan generally has a balanced investment so a market slide doesnt necessarily mean it will have to hike premiums Juliak things will Its not bad news everywhere you The index closed down points to its 17th decline in 18 sessions this during which time the market benchmark has given up 578 1 points or per The information technology sector sank per cent as Nortel Networks hit a new low of before closing at down 30 on trading of more than 70 million The TSX Venture Exchange was off points to The Canadian dollar declined cent to cents New Yorks Dow Jones industrial average came back from a 200point decline to close down points at The Nasdaq initially dived to levels not seen since the intraday trough of it hit 21 but finished the ses sion with a gain of points at The the benchmark for largecompany fell points to five points above its 21 Despite the revival in indexes during the analysts say the damage to investor confidence is President George Bush called the WorldCom scandal outrageous and said the government will fully investigate and hold people The income restatement may be the final blow for already reel ing from a low stock a feeble telecommunications market and a Securities and Exchange Commission And the news from Americas sec ondlargest longdistance operator was another slam at the sentiment of already disgusted with a parade of scandals encompassing some of the biggest names in corporate notably Enron and It raises the issue again of how little faith investors can put in reported profit numbers or even balance sheet said Doug senior economist at BMO Nesbitt I think its just another torpedo to investor With files from Rod Nickel and CP CANADIAN PRESS Group of Eight leaders pose for a group photo at the G8 summit in Alberta From left are Italian Prime Minister Silvio German Chancellor Gerhard US President George French President Jacques Prime Minister Jean Russian President Vladimir British Prime Minister Tony Japanese Prime Minister Junichiro Spanish Prime Minister Jose Maria head of the rotating EU and European Commission President Romano Protesters trap McDonalds lunch crowd BY CAROL HARRINGTON AND JUDYMONCHUK Canadian Press CALGARY Antiglobalization protesters barricaded the lunch crowd in a downtown McDonalds yesterday as an economic summit of the worlds richest countries began in nearby We want Ronalds shouted one man asabout 200 demonstrators stopped in front of the multinational hamburger whose golden arches have been a major target of anticapital ist activists for About 30 young many wear ing dark safety glasses and bandannas to mask their linked arms to blockade the fastfood outlet on trendy Stephen a pedestrian mall tucked amidst Calgarys Customers locked inside looked scared as they peered at the protesters through a wall of police officers on bicy 30rninute standoff ended when police entered the restaurant and let people out another The confrontation was the closest thing to violence experienced since protests against the Group of Eight summit began in Calgary on Other demonstrations have been at times playful and even Rrated but not In an American flag wrapped around an effigy of President George Bush was set on fire as about people squared off against One arrest was reported by early yesterday Demonstrators want the worlds most powerful leaders to focus their attention on the plight of the Yesterday a convoy of more than 100 protest vehicles was allowed along the highway into the secluded An RCMP officers watch as a car full of demonstrators waits to get through a check point near About 100 vehicles full of demonstrators tried to get close to the Rocky Mountain retreat where the world leaders are holding their econom ic The protesters want to present a peti tion to summit staff and were to meet with a police negotiator to state their case at die first security checkpoint into Kananaskis 110 kilometres west of There are at least 12 check points along the 25kilometre Earlier in the a postal union offi cial was arrested for obstructing a peace officer at the Kananaskis Police say the altercation happened after 15 postal workers negotiated a way to deliver let ters to the G8 Despite the tight a couple from nearby were left alone for much of the day at their protest on the same secondary highway leading into the summit At one RCMP even brought the pair Were just two individuals who decided to get off our butts and say said retired teacher Mike He and wife set up their banner calling for Peaceful Environmental Solutions at a cattle gate within easy sight of the TransCanada Highway around 11 Were not part of a group or an Alsterlund Were just common people and we hope we can excite more common people to express their At an afternoon picnic in downtown several hundred activists left their gas masks and goggles behind to throw Frisbees and fly kites in a festive atmosphere under scorching 30 C tem university students and parents pushing babies in strollers danced and sang antisummit Singer Bruce Cockburn told the mel low crowd he was impressed with the absence of He talked about the dirty International Monetary Fund and sang protest songs he wrote more than a decade including Call It they still seem pretty he Cockburn and several other Canadian musicians recently released a CD to help raise legal defence money for protesters snaked through Calgarys downtown during morning rush snarling traffic and intent on sending a message to world leaders on the first day of the G8 meet Fires force evacuations Raging forest fires forced hun dreds of residents of several Alberta communities to flee their homes and work sites yes About 600 resi dents of the unin corporated ham lets of Peerless Lake and Trout Lake have been evacuated as about 450 kilome tres north of threat era the only road into the Alberta wild fire spokesman Rick Moyse said the fire is not threatening the but officials are con cerned that resi dents migto be trapped with no GUILD INSURANCE IS NO LONGER LOCATED AT Our knowledgeable stiff can meet all your insurance Two locations to serve you gfljli victoria Sitdown service Open evenings Hours Monday to Friday 8 am to 0 pm Saturday 9 am to 5 pm Hours Monday to Friday 9 am to pm Saturday 10 am to 3 pm Travel they dont evacu ate GUILD INSURANCE BROKERS PIMM Chretien splits with Bush over Arafats election CONTINUED FROM Al chairman of this years is determined to keep the Group of Eight focus on a proposed aid plan for to be discussed But he helped keep the Middle East at the front of the agenda by remaining somewhat fuzzy on President George Bushs peace which demands that Palestinians elect a leader other than Arafat before America recog nizes a Palestinian Chretien refused to state outright if he agrees with Bush on suggest ing rather that Canada would accept the reelection of the Palestinian Chretien noted the Bush plan calls for a constitution and a just legal I agree with Chretien Im very much in favour of he added I said that its going to be the people of Palestine who decide who will be the The desperate for international support for its peace insisted earlier yesterday that Chretien supports the citing Chretiens comment Tuesday night that getting rid of Arafat might be a good That made him the only G8 leader to appear to endorse Bushs proposal and contradicted an earlier statement by Foreign Affairs Minister Bill When asked during a briefing yester day if any G8 leader backed Bushs a senior aide to Bush immedi ately Chretien last Chretien said the leaders of the G8 countries the United Japan and Canada Discussed the situation in but did not consider expanding the war against Agreed that the global economy is on the Expressed concern that the WorldCom fraud scandal has hurt financial markets Its a preoccupation and everybody agrees that we have to work on it Agreed to keep working toward freer Agreed on a series of measures to make transportation more secure in the wake of including reinforced cockpit a global standard for the sharing airline passenger information and the need for a better system to iden tify highrisk shipping Chretien said the leaders would have a working dinner last night to discuss the Middle East and the unrest between India and As the G8 several African lead ers began arriving to pitch an aid plan for the troubled Doubts about the success of the Africa championed by have grown in recent especially after reports that Blair sug gested it was a That was news to He didnt say Chretien insist ed We will achieve our Blairs spokesman warned We are not going to achieve everything we want at this Access to Kananaskis was sealed off to all but authorized The air space above was closed protected by guided missiles and even some local grizzly bears were fitted with radio transmitters to avoid any nasty surprises for the troops dotting the Kananaskis ridge surrounding the About 100 kilometres protest ers marched peacefully through the streets of Calgary to protest the capitalism and Who owns the streets We own the streets they chanted as they marched amongst the skyscrapers in morning rush hour under clear skies and heat that promised another scorching The protesters say G8 policies are unfair to the worlds poor and harmful to human rights and the Things were more rowdy in where hundreds of rainsoaked protest ers marched through some hurling golf balls and paintfilled bal Some smashed a few dam aged a police car windshield and a bat tered a television network Others slapped Capitalism Kills stickers on about protesters gathered on the front lawn of the Parliament Buildings to air their grievances against worlds richest Half a dozen nude protesters danced on the steps below the Peace their bodies emblazoned with the slogan Not For FLIGHT SPONSORS BDO Dunwoody LLP Canadian Tire Centec Electric Controls 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