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Newspaper
Hamiota Echo
Location
Hamiota, Manitoba, Canada
Date
Jan 26, 1983
Page
2
The piece notes a Canadian Banking Association summary showing 1982 profits fell 14 percent while assets grew 17 percent. It cites a 2.85 percent average interest spread, deposits averaging 13 percent against 15.9 percent on loans, and high consumer loan rates. The author urges reform of consumer loan spreads.
The prime minister’s Falkland Islands visit draws mixed responses from Argentine officials and residents. Ontario shoppers face a butter fraud scheme worth over 500000 dollars involving margarine repackaged as butter in Toronto area stores. Diana Princess of Wales named worst dressed woman by Blackwell. A Phoenix man confesses to at least 82 marriages. Hotel bar quip reflects social humor.
The piece critiques Catholic bishops for condemning unemployment while missing broader causes. It argues wage price dynamics require simultaneous restraint and notes profits and labor disputes shaped the crisis. Bishop Remi De Roo advocates human rights but lacks economic analysis. The debate shifts from theory to practical solutions.
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