Mortgage woes and tax relief debated in North American housing
The piece contrasts U.S. and Canadian housing finance amid rising mortgage rates. It cites Ronald Reagan defending the mortgage interest deduction, warns of higher rates possibly surpassing 15 percent, and criticizes Canada’s mortgage insurance plan as ineffective. It paints a bleak view of homeowners facing renewed costs and potential housing value drops.
MENTIONED IN THIS ARTICLE
National Association of Realtors
U.S
Washington
Ronald Reagan
Nesbitt
Neil Johnson
U.S. Treasury
Johnson
Canada
Woods Gordon
Stephen Tanny
Ottawa
British tunnel plan torpedoed by government cost fears
The report notes the British government's rejection of a proposed Channel tunnel to France and cites a $10 billion U.S. price tag as a restraint in the current era. It also mentions public queries on rights funding and citizen obligations, plus a witty hotel lobby remark about Canadian innovation and change.
MENTIONED IN THIS ARTICLE
France
U.S
Dennis McDermott
German unions vs management over 35 hour work week clash
In West Germany the 35 hour week sparks a showdown with unions demanding new contracts while chancellor Kohl calls the idea absurd. 13 000 metal workers walk out as industrialists mobilize 1000 employers in a street demonstration.
MENTIONED IN THIS ARTICLE
West Germany
Helmut Kohl
Germany
Dusseldorf
Far East
Canada
Dignity Debate Cited by Jean-Paul Desbiens 1964
The writer Jean-Paul Desbiens argues dignity cannot be remade or stored like a constitution. He suggests national pride must be earned through actions, not hoarded in legal safeguards.
MENTIONED IN THIS ARTICLE
Jean-Paul Desbiens
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Romoto
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Red” Kneck
Bessie
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Paul Hellyer
United States
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Pacific Ocean
Alexander Galt
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