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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 26, 1972, Lethbridge, Alberta 22 THE LSTH5RIDGE HERAID _ Tucldcy. J4. 1972 Year-end review Rising costs in 1972 cut into workers' weekly pay cheque Ii> JAMKS NELSON OTTAWA CP i The aver- j-se '.veckh' paycteque in the 3.c" urins. industry, be- tere taxes ar.o payroll rcdjctior.s, five per cent :n the firs: rir.e months of :GCJ. But bv the er.d of the year, al! of the increase was corr- in rising prices. Statis- tics Canada figures show. Economic Council of Canada. Li selling economic e a r gets for the three years, says that after-in: is lion aftertax incomes should ri5-e by 4.7 cent a year. The -roais are r.ot to be road merely as a iimi'.a- tier, on incomes ir.creases, But ihe 4.7-per-cer.t figure is one which emerges from a care- fully balanced assessment of v.-hat ;he economy as a whole is abI-3 to do and to do in toe nest three years to achieve optimum perform- ance. Statisticians and economics find it difficult to measure wage rates, earnings, ar.d other ways of categorizing in- comes. Wage rates and sala- ries may rise, but so do taxes and inflation, which eat into both the amount of take-home pay, and the amount of goods and sen-ices the pay cheque will buy. VTage rates, by the hour, week or month, bear a rela- tion only in part to the amount of hourly, weekly or monthly earnings, Premium pay for overtime work Ls the rule in most industries, and during a period of economic such as Canada has bee n ercperiencin g, overtime work tends to expand. The Bank of Canada makes an adjustment to data sup- plied by Statistics Canada to for seasonal factors that norm ally occur in i ndust ri a 1 activity throughout the year. It reports that in August, average weekly earnings in manufacturing amounted to up 5.1 per cent from the start of the year. For a broader cross-section of all in- dustry the bank reports an increase of 3.4 per cent in eight months, to an average a week. But in that same eight- mont h period, t he consumer price the retail prices of more than 300 goods and 3.6 per cent. By the end of the year, the consumer price index was up a tout five per cent, BOOSTS WIPED OUT In other words, the gain in average weekly earnings made by the average in- dustrial worker was almost exactly matched by rising prices. And the more rapid gain made by manufacturing workers was wiped out by the end of the year. The P.-i ces and 1 ncom es Com mission, set up with the powers of a royal commission in 1969 to try to slow down the price and wage climb, died a natural death at the end of August when its powers ran out. its head, Dr. John Young, returned to teaching econom- ics at the University of British Columbia. But before going, he warned Ottawa ard the country that the time may yet come when Canada will have to impose direct wage and p-ice controls to curl) inflation. They would only be workable, he said, if there is a strong national con sens us that they would work and a will to make them Transplant testing funds drying up EDMONTON" ICP' A re-! He said such transplants ap- search project which could j pear to have been successful lead to Canada's first intestinal j on animals for IVi years and I transplant is in danger of dy- j that the groundwork has been ing due to lack of funds, says j well laid for transplantation of Weather program group set up EDMONTON (CP) An in-. act until the legislation is ap- terim weather modification: proved. committee to operate both a: Alberta Research Conn- hail suppression and research cji ancj others have conducted program in the Olds and Three a suppression research pro- Hills area of central Alberta gram jn (he area for several has been established by Agri- i years and lhe Alberta Weather culture Minister Hugh Homer, Modification Co-Operative oper- i Dr. Homer, in a news re-; gUxl a voluntary commercial Jease, said the eight-member! suppression program for some cornmitlee will be headed by ;Dr- Peter Salmon of the versity of Alberta. M Lee RILEY McCORMICK Year-End Clearance 1000 PAIR BRAND NAME JEANS LEE LEVIS G.W.G. H.I.S. MALE DOBBER ALL BELLBOTTOMS AND FLARES DENIMS, BRUSHED DENIMS and CORDS ALL AT THE ONE LOW PRICE OF 4 .99 ALL SALES FINAL PLEASE1 RILEY McCORMICK LIMITED lETHBRIDGE'S LEADING STORE d Saddlery CLEARING 'AN ASSORTMENT OF SKINNY RIB SWEATERS and T-SHIRTS AT ONLY... 4'" The Largtjf Selsclion of Western in S. Alberto. CENTRE VILLAGE MALL PHONE 328-5644 human But the Medical Research Council funds which have sup- ported Dr. Salmon's project for the last three years will be ex- that further funds will not be forthcoming. Dr. Salmon said the project is at the stage where intestines transplanted from one dog to another are functioning essen- tially the same as normal in- test for up to I'.i years. Dog intestines have been preserved successfully for up to eight hours and preliminary results indicate that sections of intestines preserved before re- implantation are functioning normally. The transplants usually in- volve about hall the length of the dogs' small itcsines. The animals have maintained nor- mal weight arid nutrition. The rejection of the donated intestine has been delayed for up to years through the use of a serum developed Gordon Sterling of Ire agricul- ture department and es- tablished after a legislative j committee studying crop insur-: ance ar.d weather modification last summer made iu recom- mendations. He said the recommended weather modification corpora- i tion suggested by the commit- tee of MLAs would rta.uire legislation at the spring session and the interim committee will Job training special incentive OTTAWA 'CP) de- signed to help people who must overcome unusual employment barrier's -rill be given cor-'ider- ation under the million man- power training-on-the-job pro- gram, the manpower depart- ment said here. Among those as having to hir-d'ie special employment '.workers. work. He said that hadn't oc- curred while the commission existed. It managed to get an agree- ment among businessmen not to raise their prices above cost increases lor the year 1970 Lalxr leaders would not go along with the voluntary restraint, however, without a guarantee that all forms of income-including rents, in- terest and also be frozen. Dr. Young's organization lef1 behind a nucleus of pnce and wage watchdogs who were absorbed into the de- partment of consumer and affairs. They are to maintain stand-by arrange- ments for controls if aod when needed. But no clear solution fourid to the problem of div- ided jurisdiction. While Ot- tawa was able to enforce wage and price controls dur- ing the Second World War it did so only under emergency wartime powers. Without the War Measures Act being brought into play, constitu- tional authority over prices and contract bargaining Is a provincial matter. No clear commitment came, either, from the federal the aSture general election Oct. 30. While the agncuiture prfme -rrudeau and Opposition leader Robert StanfieM said they were not opposed to controls, little agreement between them wa.1 seen in the tenuous balance of political power in the Com- motis. years in the same area. How- ever, it recently was discon- tinued. LITTLE TIME Dr. Horner said there was "little time" for the interim committee to prepare an active suppression program for tbe 1973 season hut it will be start- ed and a "much more exten- sive" program planned for 1974. The committee will meet as soon as possible and the corpor- ation will have its office Three Hills, minister said "The special MLA committee received many briefs from farm organisations, farmers and oth- ers supporting an active weath- er modification program which would include both hail suppres- sion and rain hie said. in problems are older to) youth, former prisoners, rural render inefficient white" blood arxi urban poor, immigrants, ceU elements which normally; native people and the physi- cs or mentally handicapped who rx-c-d only job training to compile rehabiiitation. I'r.der the plan, employers wrx> accept sper-ial v.iQ receive from the ttack the graft. 117. Salmon says intestinal transplants could save a signif- icant number of lives of people v.r.o have- suffered gunshot '.vounds or whose intestinal ves- sels have become closed or clot- government all of trainee wages terf. in the first four weeks o: a pro- because 2 human needs gram, V> per cent for the first only part of his half of the remaining period one-quarter will do live don-. ar.d GO per cent for the second I ors can be used. half of training. Commercial Printing SALES MANAGER required by MAJOR PRINTING AND PUBLISHING FIRM IN SASKATOON Ca-.didotei >houlcf hove rocs'd pj selling ex- perience in commercial printing field end .r.ouW b, enpablt af ..nd.naVing rejpon.ibililiel. The condidote be reiponsible for developlna end Implemenl- inc effective idlei prosrcmi end dirccllng octiviliei of lalel force. Experience in eilimoling and vrould opporluniliei lor lo further The po.iiiar, ,hc.Uld be orf 1o Ihei. qualified lo ecrn m of Contact H E STAKEROOX, Buiinen Manager, MODERN PRESS 446-478 2nd Avenue North, SASKATOON, SASK. CENTRE VILLAGE GIGANTIC AFTER CHRISTMAS CLEARANCE SALE OPEN TOMORROW WED. DEC. 27th 8 a.m. 9 p THURSDAY FRIDAY 9 A.M. TO 8 P.M. ALL STORES OPEN THE ABOVE HOURS CENTRE VILLAGE "The mall that has it all." ;