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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 31, 1974, Lethbridge, Alberta 36-THE LETHBRIDGE August Pan Am faces financial troubles NEW YORK (AP) Pan American World Airways is having trouble coping with in- creasing fuel prices, tight money and declining inter- national travel. The biggest American inter- national air carrier hts also been losing money since 1969 and all signs this week pointed to another bad year. Pan Am said as of the end of July, it had lost million. In July alone it made only out of its miles' of air routes, a decline of 95 per cent from the previous July's million. In that year, said Pan Am, fuel prices had increased 153 per cent and general operating expenses were up 15 per cent. All in all, it was another in- dication the airline was head- ed its worst year since 1971, when it lost million. Gardeners got goods on pests and diseases BROOKS Three question and answer periods on insect disease, and weed control in commercial and amateur gar- dens was a key demonstration at the 12th annual Alberta Horticultural Research Center field day here Friday. But experts were busy dur- ing the entire day solving problems for many of the visitors. The organized question and answer period was a new ven- ture for the field day. said Al Gallagher, weed specialist at the centre, located five miles east of here. And it was a Bill beats Bell with John phone Welcome home U.S. army deserter Ronald Anderson gets a hug from his wife, Marion, after being freed from an army stockade in Ft. Lewis, Wash. Anderson was captured last week by U.S. customs agents as he was about to enter the U.S. He was released after Canada protested his arrest, which took place on Canadian soil in the Peace Arch Park. Story on page 1. HAMILTON (CP> Bill Johnstone recently won a long battle with the telephone com- pany but it may not do him much good. In his fight to get a listing in the Binbrook, Ont, exchange which places him in the Hamilton calling area Mr. Johnstone had to resort to having his phone installed in an outhouse, several hundred yards from his home. Although his house is in the Cayuga exchange area, the Interpreting the News Kissinger's diplomatic skills face test in volatile Mideast back of his property is in the Binbrook area. After a long and fruitless attempt to have the rules bent to give him a Binbrook number, he finally came up with the solution have the telephone installed in the out- house in the Binbrook territory. Before Bell Canada install- ed the telephone, however, they extracted a promise that Mr. Johnstone wouldn't ask for an in-home extension. Robert Davey, Bell's Hamilton district manager, didn't know that the telephone was in an outhouse, but suggested that Mr. Johnstone perhaps wanted a place where he could sit down after his long struggle with the com- pany. success. Mr. Gallagher and his demonstration partner Bart Bolwyn tried to answer ques- tions on all aspects of insect, disease and weed problems and if a commercial gardener was involved, would spend more time alone with the grower. Insects were the main cause of concern for gardeners Friday, ranging from ants in the house to leaf miners in Poplar trees. Acting centre director and plant pathologist Dr. Bolwyn handled these problems. The weedy questions handl- eJ by Mr. Gallagher included how to care for lawns and rock gardens to what to use to get rid of specific weeds. He said the centre has always recommended to gar- deners that lots of hand work with hoe is a good way to com- bat weeds. He said the centre tries to de-emphasize chemical controls when possible and usually recommends her- bicides only by trade names which most people are familiar with. The day the July figures were announced, a New York mutual fund sold 1.5 million shares of Pan Am at a share. The fund had paid about million for the stock when it acquired it from 1968 through 1970. It sold for a total of million. During all this, Pan Am still was awaiting word from the government on its request for a temporary subsidy of million a month for mail carrying. Without government aid, the airline contends, it might face a cash shortage which in turn would endanger credit arrangements with its banks. The airline's chief executive said at week's end he is con- fident the government will grant the subsidy, but predicted ii will be "several weeks" before a government decision is made. Pan Am's troubles are generally traced back to 1966. when it announced it was ordering Boeing 747s at a total cost of million. That year was a good one for Pan Am and other airlines and Pan Am earned almost million in the next two years. 'By the time the jumbo jets went into service in 1969, vast- ly increasing the number of available seats and touching off tight competition for passengers to fill them, passenger growth had fallen to only three per cent. In that first jumbo jet year, Pan Am lost more than million. It has lost money every year since then: million more in 1970, million in 1971, million in 1972 and million in 1973. The airline's troubles led to the 1972 ouster of Chairman Najeeb Halaby. Halaby's successor, William Seawell, appeared to be making progress until the airline in- dustry was hit by last year's fuel shortages. In size, money and the com- plexity of its problems. Pan Am has come a long way since it opened for business in 1927 flying one plane on a 90-mile route between Florida and Cuba. By KEVIN DOYLE The Canadian Press Reports that U.S. State Secretary Henry Kissinger likely will revisit the Middle East later this year have received ecstatic welcomes in both Cairo and Tel Aviv. But it will take every ounce of Kissinger's renowned diplo- matic skill to stabilize the un- easy peace in the volatile re- gion and prevent the outbreak of another Arab-Israeli war which many international ex- perts believe is becoming dan- gerously close. Kissinger's main task will be to convince Egyptian President Anwar Sadat and Israeli Prime Minister Yitzak Rabin that President Ford is committed beyond doubt to maintaining full United States involvement in the search for a lasting peace settlement. He will likely find a growing suspicion throughout the Mid- dle East that Ford is far more concerned with domestic problems than his predecessor. Richard Nixon, and far less anxious to score impressive successes abroad to cover up any failings at home. Should this, in fact, turn out to be the case, one of the men who would stand to lose most would be Sadat. Ever since Kissinger brought him an honorable peace out of last year's war, Sadat has turned more and more towards the U.S. for his economic and political salvation. He has become so intent on building Egypt into a modern industrial country with heavy American aid that he has vir- tually cut himself off from the Russians, whose arms and equipment gave his army its great victories at the start of the October war. But this policy has brought him many enemies in the Arab world and any withdrawal of American back- ing now would likely prove fatal to his chances of staying in power, observers believe. The Israelis, too. are watch- ing Ford with great uncertain- ty and their anxiety may be the most difficult for Kissinger to quell. There is little fear in Tel Aviv that Ford would ever consider withdrawing America's traditional, burdensome aid to Israel. But the big question the govern- ment would like answered Ford be as good a friend as Nixon? They remember with some aiarm thai iiau Nixon not de- cided to mount a massive air lift of supplies to Israel during the October war, they might weli have been defeated. ARMS NEEDED The major problem facing the Israelis now is a huge build-up of sophisticated Soviet weaponry in neighbor- ing Syria. To counter it they need a substantial increase in American defence equipment. The Russians have already given the Syrians MiG-23 strike fighter aircraft which fly at three times the speed of sound and can outmanoeuvre the Israelis' Phantoms and Sky hawks. But even more threatening, in Israeli eyes, is that the Syrians now also have "scud" ground to ground missiles with a range of 500 miles, making almost every city in Israel vulnerable to outside attack. A pre-emptive strike by the Israelis is becoming a genuine possibility, many observers believe. But this would have to achieve almost perfect success to prevent Syria replying with a rain of mis- siles on the Israeli homeland. What the Israelis will want to know from Kissinger is how much protection the U.S. is prepared to offer their cities against rocket attack before they decide on their next moves. His reply may be decisive for the future of the Middle East. INSTALLATION ELECTRONIC AIR CLEANERS 17092 We. S. Phone 3; 8-5973 RURAL EXECUTIVE LIVING Executive living and the benefits of living in a smaller town are yours in this beautiful split entry in Coaldale. Ideal location Across from the Sportsplex 2400 sq. ft. of developed area Beautiful custom built cupboards Natural fireplace 1 '.'2 years old Four bedrooms 11'x15' den Sliding doors to patio Large foyer Double garage with automatic openers Utility room on main floor PLUS MANY MORE FEATURES Call ROGER HANDLEY 345-3039 OR Oliver-Handley Real Estate Coaldale Phone 345-3534 Europe fears deep recession BRUSSELS (Reuter) Western Europe is in the grip of the worst inflation since the Second World War and a grow- ing number of economists and business experts are grimly predicting a deep economic recession next year. Banks are collapsing in West Germany, neo-Fascist bombers are sowing terror in Italy, and in Britain, fears grow that unemployment may soar to one million by the end of the year. As stock markets crumble, London's financial dealers are buying gold. This is Western Europe in the summer of 1974, with the prospect of a grim winter ahead. Common Market headquar- ters in Brussels reports that average consumer prices in Italy were more than 16 per cent higher in April than a year earlier. More recent figures in Rome show con- sumer prices are up by more than 18 per cent, despite an of- ficial price freeze. PRICES JUMP In Britain a price-controls system did not prevent the re- tail price index of key com- modity prices rocketing by nearly 18 per cent since the beginning of the year. Figures for France are nearly as bad, with inflation rising at an annual rate of 15 per cent in the first half of this year. MAKE FRIENDS WITH YOUR PHONE 3 ivays to make it easier to "Look in the Book" 1 UNDERLINE THOSE MOST-CALLED NUMBERS Or better still, ring them in red. They'll jump right at you when you want to ring them on the phone USE THE "INSTANT LOOK" PAGE There s space at the back of your phone book for your frequently called numbers. Write them down clearly. Look them up instantly! 3 FREE PERSONAL DIRECTORIES and desk-drawer sizes. Attractive, go-anywhere "mini-directories" for those numbers you always like' handy. Beats writing them on the backs of old envelopes! (Call your AGT business office for yours.) Your phone book is your memory's best friend. Make it your number Way to tiiG number you need. Or to check one that you're "almost sure" you remernbui. Save time, temper and frustration on both ends of the line get it right first time! Gef it right from the book ;