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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 25, 1975, Lethbridge, Alberta Saturday, January 25, 1975 THE LETHBRIDGE HERALD 17 Canada-U.S. economic policies shift back in step OTTAWA (CP) Economic policies of Canada and the United States have shifted significantly towards being back in step now that the U.S. has given priority to fighting a recession. Tax cuts announced in the U.S. follow similar moves here to stimulate sagging consumer spending, en- courage increases in industrial production and cut into relatively high unemployment rates. The issue of how to deal with oil supplies and prices is the area of greatest difference in policies. The U.S. administration is adding new taxes on oil to encourage more efficient use of energy supplies while oil prices here are subsidized. But both political and economic considerations make higher oil prices inevitable here. After weeks of avoiding the question, U.S. officials admitted late last year that the country was indeed in a recession. President Ford shifted directions earlier month with announcements of tax cuts and plans for deficit spending by the federal government. This followed the report that the unemployment rate hit 7.1 per cent in December. The jobless rate here was 6.1 per cent in December. Finance Minister John Turner said the U.S. decisions were "probably a welcome series of moves." Mr. Turner had consistently maintained that the best way to fight inflation was to increase supplies of available goods because scarcities' of supplies had pushed up prices. Declines in demand in the U.S. are expected to help moderate price increases. In December, for the first time in seven months, the year-to-year increase in the U.S. consumer price index was less than in Canada. Following a meeting with provincial finance ministers in December, Mr. Turner announced broad outlines of a new voluntary approach to paring the rate of inflation. The government has set up a small staff to co- ordinate the anti-inflation program and the fifs.t of a planned series of meetings was held this week when a group of cabinet ministers met executives of the Ca- nadian Labor Congress. Afterwards both sides would say only that they will meet again. Mr. Turner had said in December that he hopes to conclude discussions with representatives of various sectors by February and proceed to negotiate guides. Higher oil prices likely will add to inflation this year. The government of Alberta, the main oil- producing province, has said it will be pulling out of the agreement which has kept oil here below world market prices. The price deal expires in the spring. Meanwhile, Canada has been cutting exports to the U.S. and it is money from a tax on these exports which has financed the subsidy to hold down gasoline and tuel oil prices. The tax cuts here are less dramatic than those in the U.S. but spread over a longer period. The U.S. cut will be in the form of rebates of up to made in payments in May and September. Tax cuts here included both lower rates for may mean refunds when returns are filed this f6r has meant increases in take-home pay from Jan. 1 for those who have payroll tax deductions. The U.S. government projects a deficit of billion to billion for the year ended June 30, and a deficit of billion to billion for the year ended June 30, 1976. Mr. Turner's budget tabled in November projected a surplus of million, with revenues totalling billion, for the year ended March 31, and a deficit of billion for the following fiscal year. Which way is up Power lineman Barry Bush stretches from a hydraulically-lifted bucket near the top of a telephone pole in Orillia, Ont., as he tries to rescue a frightened cat The cat hanging upside down on the crosspiece at right, was finally poked free with a stick and dropped to the ground where it landed on all fours. Then it ran away. QUALITY DENTURE CLINIC EDDY D1ITRICH Certified Dental Mechanic 303 5lh Street South Mvtcalf Building PHONE 326-7684 Minimum wage going up OTTAWA (CP) Labor Minister John Munro said Fri- day the government intends to INSTALLATION ELECTRONIC AIR CLEANERS 1709 2 Ave. S. Phone 328-5973 increase the federal minimum wage of an hour. He was replying in the Com- mons to Social Credit Leader Real Caouette who said the present minimum wage is too low, especially in the Ottawa area. "It is the intention of the government to review the current minimum with a view to increasing said Mr. Munro. He did not elaborate. WORK OVERSEAS FOR TWO YEARS In its 14th year of cooperation with the developing countries of the world, CUSO today has 900 Canadians teaching or working at their skills and trades in 50 develop- ing countries of Africa, Asia, Latin America, the Caribbean, and the South Pacific. More Canadians are needed to share their expertise overseas in answer to continuing requests from those areas. Just some of the requests are for: Teachers (Math, Chemistry, Physics, Biology, General Science, English, French, Art, Physical Ed- ucation, Geography, Remed- ial Reading, Business Edu- cation, Industrial riculturists Foresters Agronomists Animal Sci- entists Reforestation Per- sonnel Farm Managers Fishermen Farm Mech- anics Cooperative Man- agers Farmers Fish Game Exten- sion Personnel Agricult- ural Research Animal Poultry Scientists Food Technologists Home Ec- onomists Technicians Agricultural A Forestry In- structors Mechanics (auto, heavy-duty, refrig- eration air condition- ing) Carpenters Elec- tricians Block layers Technicians (laboratory) Land Surveyors Engin- eers (civil, electrical, indus- trial, mechanical, chemical) Technologists Urban Planners Architects Accountants Doctors Nurses Dieticians Pharmacists Physio and Occupational Therapists. Qualifications: appropriate diplo- mas, degrees, experience. Matur- ity. Good health. No age limit. Conditions: two year contracts. Transportation costs paid. Medic- al, dental and life insurance pro- vided. Couples may be accepted if suitable positions can be found for both. Families with school age children can some- times be accepted, too. Orienta- tion course. Training where need- ed. Salary: approximately what local personnel overseas would re- ceive. CONTACT: Local CUSO Committee Chairman University of Lethbridge or 329-2462 Heath begins desperate battle LONDON (CP) Former prime minister Edward Heath, having lost three of the last four British elections, begins a desperate battle next week to retain the Conser- vative party leadership. The early leadership contest became inevitable when the party suffered its latest loss last Oct. 10, and Heath an- nounced this week that nomi- nations will close Thursday for a leadership ballot to be taken Feb. 4. He has also declared that he is in the fight to the end, al- though there are signs that he has already lost ground in a party dispute over voting rules. Observers have been saying for weeks that Heath, 58, must go if the Conservatives are ever to challenge Harold Wilson's Labor government. But no obvious successors have emerged from the gloom that has gripped the party since its defeats in two elec- tions last year. His leading opponent at the moment is Margaret Thatcher, 49, who would be Britain's first woman party leader if she wins. But most commentators are betting she will not. Many are looking toward a first-ballot stand-off, with some com- promise candidate joining the fight on the second ballot and stealing a win. The most likely com- promise is William Whitelaw, 56, the popular secretary of state for Northern Ireland from 1972 to 1974. NDERSON GENCIES Try Btfori You Suy UP TO 30-DAY TRIAL ON YOUR DOCTOR'S RECOMMENDATION MAICO SMITH-JONES EARING AID SERVICE RIPLEY OPTICAL 818 3rd Ave. S. Phone 328-5447 A Complete Real Estate and Insurance Service FOR YOU! FIRE Llrc AUTO LIABILITY BONDING PENSION REGISTERED RETIREMENT SAVINGS 415 3rd Ave. S., Lethbridge Bus. 327-1657 Garry Clarke After Hours: 345-3092 Canada Fencing Figure Skating Table Tennis Wrestling Boxing Badminton Curlin Exciting, top calibre competition in 16 different sports events by Canada's best young athletes, the culmination of a full year's training and preparation.These young competitors are disciplined athletes that can make your favorite sport more exciting than ever before. Basketball Skiing Weighl-lifting Volleyball Gymnastics Synchronized Swimming Speed Skating Hockey The most important aim of the Canada Games is to stimulate enthusiasm for amateur sports throughout Canada and to strengthen mutual understanding and friendship among athletes from different areas of the country It's a worthwhile goal, but one which depends on the support of all Canadians to succeed. Give young Canada YOUR support. Lelhbridge and Southern Alberta have the facilities, the qualified people, the experience and the united enthusiasm to make this year's the greatest Winter Games aver There will also be a special "Western Hospitality" event in each center for visitors and competitors alike, a special "welcome" from Alberta. Do ill Attend the Canada Winter Games, February 11 to 22, in Lelhbridge and Southern Alberta. And join Travel Alberta in supporting our greatest national resource the strength of our youth. For information on accommodation and events, contact Canada Winter Games Society P.O. Bon 1975 Lethbridge, Alberta ;