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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 7, 1972, Lethbridge, Alberta Chairman of ECC 'Populate or a. ready for advice Monday, February 7, 1972 THE IETHBRIDOE HERA1D challenged in New Zealand ES NKI.SON j the government's P) Andre Rav- but wc wi" never ask By JAMES NKI.SON OTTAWA fCP) nauld, newly-named chairman of the Economic Council of Can- ada, says he will always listen to the advice of government of-1 mission to undertake a study, ficials, but will stoutly defend I wc n''" to say m lo !ems are ik the gov- ernment what it thinks of a rec- ommendation we intend to put forward. We will not ask its per- the council's integrity as an in- dependent adviser to Ihe gov- ernment on long-range eco- nomic planning. In his 16th-floor office in ad- joining Vanier City, looking across the Rideau River to the capital, the 43-year-old former professor of economics at Ihc University of Montreal talked about his plans for the council as it nears its Klih birthday. Sufi-spoken but with, a firm grasp of the task ahead, Dr. Raynauld said he wants to make the council's work more useful to both government and the business community. "We'll be glad to hear what Deaths Yesterday By THE CANADIAN PRESS Woodlands, Litel, 77, American character acloi Broadway plays included Irene and Ceiling Zero and who starred in the Henry Ahlrich movie scries and many others. London, Eng. Lord Crow ther, 64, former editor of the Economist magazine and chan- cellor of the Open University, of an apparent heart attack. New Moore, ,14. Pulitzer Prize winning noe- tess who had a passion for box- ing and baseball. Ilaywanls Heath, Durnford Slater, ra. the first British commando in the Second World War. when he fell be- neath the wheels of the London- Brighton train on Britain's south coast. Brockvillp, (Bill) Murray. 70. veteran re- porter with The Recorder and Times, in the newspaper's edi- torial room. E. Thompson, 67, former U.S. am- bassador to the Soviet Union. Deal, Cmdr. Nigel Tetley, 47, round the world yachtsman and writer, found hanged from a tree near this English Channel town. Pattern 7497 Skills and pants call for pretty, pastel tops. Pucker stitch creates op interest in short and long sleeve versions. Knit boih ot spoil yarn fur mm. lau-r. vacation time. Pattern sizes it-til included. S i; V E X 'I' Y-FIVE CENTS i coins) for each p.itlern (no stamps, lii cents for cad! pattern for first-class mailing ami special handling THE LETIIRRIDGE HERALD Readers Mail Limited Front Street Wesl Toronto I, Otnario "We will maintain the integ- rity of the council in this re- spect." A widely-respected expert on problems of overcoming re- gional economic disparities in Canada; Dr. Raynauld intends to introduce the teamwork and "think tank" approach to the council's work, and to employ other new techniques in eco- nomic analysis and forecasting. The council undertakes eco- nomic research and prepares reporls fur 'a 25-member advi- sory board drawn from labor management, agriculture, con- sumer groups, Ihe academic world and other segments of the j population. Its major recom- mendations bear Ihe stamp of the council as a whole, but it also puts out individual re- search papers. WANTS IMPROVEMENT Dr. Raynauld hopes the coun- cil's future reports will be more diversified, more precise, more understandable to the layman, and more provocative for pro- fessional economists in business and government. With the help of several gov- ernment departments, the coun- cil has developed a new tool for forecasting the economic out- look. The new. computer called inter related mathematical, questions. When the button is I pushed, they result in a com- plete picture of what might hap- pen in the economy from now to Ihe iSfffls. Candide draws its name from "Canadian Disaggregated In- ter-Departmental Econometric" I model. It is also the name of a j famous book by Voltaire in which the hero is repeatedly as- sured, in the face of recurring disasters, that things arc get- ling better. The council has a staff of 103, i of which 40 are professionals, mostly economists. Dr. Ray- nauld said he hopes to have i .hem collaborate in groups on specific research problems. Previously, staff members were inclined to work as individuals. Taking office last month, he i has also signed three contracts i with university economists to i move to Ottawa for periods of 15 full academic year plus two vacation periods work in the council of- j fices. With Candide, the council will be able to project, on more up- to-date data, how demand for goods and services will grow. It! will survey potential markets and price trends. EXPECT TWO FORMS t Candide will be used in the council's projeclion of economic needs for the decade to the early 1980s, lo be issued this fall. The report probably will be issued in two concise, easily-read one for the layman and a more detailed, profes- sional research paper for j trained economist in govern- ment and business. Dr. Raynauld succeeded Ar- thur J. R. Smith as chairman of the council when Dr. Smith left to become chairman of the pri- vately-financed Conference Board in Canada. The new chairman gives his predecessor full marks for starting develop- ment of Candide about two years ago, but says he has di- rected the council ,4o double its j investment in the computer i mndel of the economy. And he says ideas and infor-1 i mation gleaned from govern- ment officials about their prob- j lenis are good contributions to the work of Ihe council. "Consulting with government officials was anathema around i IUTO because people thought it i would interfere with the hide-! i pendenee of the council." Dr. iiaynauld .said. ''They won't tell me what to do. Rut why shouldn't we take some information from 1 It was after the council's i work was criticized last year by i S. S. Rcisman. deputy minister j 1 of finance, that Dr. '.Smith re-1 si.cned. Mr. Reisman sairl the council had become I with nothing new to say. BIGGEST JUMP IN DECADE The consumer pries index rose to 136.3 for December from 135.4 in November, the largest advance between those two months in the lost decade, Stalistirs Canada reported. The index, based on 1961 prices equalling 100, was 129.8 a year ago. By .1. C. OKAIIA.M CorrespomU'nt AUCKLAND