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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 20, 1970, Lethbridge, Alberta 24 THE IE1HBRIDGE HERALD Wtdntldoy, May 20, 1970 MEMORIAL CROSSES A Jackson State College student uses his shoe to place a cross in the courtyard of a women's dormitory where two black youths died in a barrage of police gunfire last week. Some persons took part in memorial services for the two. The third cross is for Benjamin Brown, who was killed by police gunfire here three years ago during a civil rights demonstration. Market Wrong Sometimes WASHINGTON (AP) H th stock market were to be be h'eved, the U.S. economy woul be in for a whopper of a reees sion. But the market is mor often wrong than right as a foreteller of disaster. Economists inside and outside Washington generally agree privately at least, that a reces sion is in progress. Almos unanimously they appraise it as Oonarky Pangnark Show Set OTTAWA laughing world of Oonark's drawings and the angular forms of Pang- nark's sculptures will be fea- tured in an exhibition, Two Art- ists of the Northwest Territo- ries, May 21 to June 9 at the National Arts Centre. The exhibition contains M drawings and 25 sculptures and honors the centennial of the Northwest Territories. Oonark, a widowed mother of eight who lives at Baker Lake, N.W.T., has created a private world of light and gaiety in her drawings. Pangnark, a Caribou Eskimo from Eskimo Point, N.W.T., works mostly in stone, using simple lines that border on the abstract. The exhibition will move on to the Mendal art gallery and conservatory in Saskatoon July 6 to Aug. 7; the Winnipeg art gallery Aug. 24 to Sept. 24; the Edmonton art gallery Oct. 1-31; and the Vancouver art gallery Nov. 15 to Dec. IS. shallow and brief, turning int recovery by summer or fall. By contrast with the loss roughly one-fourth of the pape value of stock corporal io economists foresee a 1970 dec line in profits averaging no more than five or 10 per cen from last year's record "We think the market has nc particular value as a predic Herbert Stein, a member of the President Nixon's counci of economic advisers, told an in- terviewer. "The market can be terribly misleading as an interpreter o what is going also terri bly misleading as a basis for deciding what national policy should he said. RECALL SAMUELSON As in each market slump o. recent years, business experts recall that the comment of Paui Samuelson, Massachusetts Insti- tute of Technology economist who said: "The stock marke! las predicted eight of the last ihree recessions." Government economists say hat if Samuelson's tally is jrought up to date, it becomes 11 out of the four post-war re- cessions. To that list may be now added the 25.7 per cent drop from the peak of the bull market in De- cember, 1968, to this month. The qutfetion whether there is a re- Cession must be answered economists agree. An administration ne in close touch with the fin- ancial the stock market is a better reflec- or of the state of public confi- ence and Wall Street's own Tiorale than an indicator of eco- omic truths. "The Cambodia decision and he reaction to it did much dam- ge to this official admitted privately. "The inter- nal polarization of the country, the depth of dissent, and the questioning of the quality of our decision-making are very im- portant factors in the market's behavior. "It will make all the differ- ence in the world when the troops come out of Cambodia without, spread ing the war, when campus disorders subside, when we get some more show- ing of a downhold on said one official. There is some concern in the administration over the mar- ket's mcod, however, as one economist expressed it, "the market does seem to have some effect on the real world." Quebec Flags At Expo 70 Hauled Down QUEBEC (CP) Two of four provincial flags outside the Quebec pavilion at Expo 70 in Osaka, Japan, have been hauled down and re- placed by Canadian flags, it was learned here. Raymond Garneau, civil service minister in the new Liberal government, said in an interview he made the de- cision after complaints from the Ontario and British Col- umbia governments that no Canadian flags were flying at the Quebec pavilion. Six flags now fly outside the Quebec pavilion: Two Japa- nese, two Canadian and two Quebec fleur-de-lis flags. Premier Robert Bourassa laughed when asked about the flag switching and said he w nothing about it. HOMEOWNERS Get the money you need, with a mortgage loan to: PAY OFF OLD DEBTS If monthly payments on old debts are too high, let us help with a mortgage loan, with monthly payments to fit your budget REMODEL YOUR HOME Build on that extra room, remodel your kitchen, put in a recreation room MAKE MAJOR PURCHASES such as a new car, boat or trailer For fast service, favourable terms on mortgage loans, call on Canada's number one financial services company, where skilled, helpful counsellors are at your service. FINANCIAL, SERVICES "We Delieve in You" 309-6th Street South.......327-3107 or call the Avco Office near you Mortgage Mgr, Avco Financial Services I would like more information about your mortgage loans Name ________ Address _ Big Four Split Studied At UN UNITED NATIONS (Reuters) A new division among the Western members' of the Big Four, highlighted by Tuesday night's Security Council vote against Israel, was being closely studied by delegates to the United Nations today. The Security Council, by a vote of 11 to 0 with four absten- tions, condemned Israel's May 12 raid against guerrilla bases in Lebanon, and warned the Is- raelis of more serious consequ- ences if they tried1 it again. Britain, France and Russia voted for the resolution, but the United States was among those casting abstentions. U.S. Ambassador Charles Yost called the resolution, spon- sored by Zambia with the en- couragement of Arab delega- tions, "unbalanced" because it failed to take full account of Arab guerrilla raids that pre- ceded Israel's attack and were cited by the Jewish state in jus- tification of its response. Yost also accused Deputy Foreign Minister Jacob Malik of Russia of using the week-long council debate to make propa- ganda and! "envenom the ast- mosphere." He said Russia is showing a "total lack of objectivity and impartiality" in its approach to the Middle East problem. Britain agreed to vote for the resolution only after Lord Cara- don, its chief delegate, per- suaded the sponsors to accept some minor changes, including a reference to "violations of resolutions of the Security Coun- cil" from whatever source. "We could not disregard death and destruction on either he told members. But, concerned about the pos- sible effects of the harsh debate on the effort by the U.S., Rus- sia, France and Britain to work out Middle East peace terms, Caradon said it was "a re- proach to us all" that there was no reference to the Big Four talks in the resolution. Finnish Ambassador Max Jaobson had prepared a draft to have the council urge the four powers "to intensify their nego- tiations" with a view to the reactivation of the peace mis- sion of UN envoy Gunnar Jar- ring, now on the sideslines at his Swedish embassy post in Mos- cow. But informed sources said the U.S. wanted inclusion of an ap- peal to the parties to do nothing that would obstruct or prejudice the Big Four talks: Hussia would not accept this, consider- ing it a bid to inhibit Arab guer- rilla actions. As a result, Jaobson aban- doned his intended initative. Israeli Ambassador Josef Te- koah denounced1 the council's resolution as one-sided and through Zambia was the official sponsor. WHEAT EXPORTERS CO-OPERATE The world's major wheat exporters agreed at an Ottawa meeting to main- tain er co-operative effort to bring production more into line with demand. The U.S., Canada, Australia, Argentina and European Economic Community said" their gov- ernments should avoid programs of support for farm in- comes which tend to stimulate uneconomic production of wheat. Representing Canada were H. A. (Bud) Olson, agriculture minister, left, and Otto Lang, minister charge of. the wheat board and conference chairman. Veiner Says' Protesters Welcome MEDICINE HAT (CP) Protecters planning to demon- strate against chemical and biological warfare research at nearby Sutfield have been of- fered Medicine Hat mayor Harry Veiner's farm as accom- modation during their protest May 29. Mr. Veiner, after a meeting with protest organizer Robbie Newton of Saskatoon, said the participants would be welcome m the city and were free to use his 300-acre farm near the city for camping. Last week the mayor issued a statement that the protesters would not be welcome. The protesters say they want the military aspect of the Ca- nadian Forces experimental station converted to environ- mental and medical research. CHAPEL ON LAVA The chapel of St. Michel d'- Aiguihe in southern France is built at the top of a steep col- umn of lava almost 280 feet high. QUALITY DENTURE CLINIC 354 5th St. s. Ph. 328-7684 Above Capitol Furnilura EDDY DIETRICH, C.D.M. HollinswQrthTs ANNUAL SPORTSWEAR SALE SAVE ON A FABULOUS WARDROBE FOR THAT BIG VACATION! You won't want to wait for a rainy day to wear of these great looking coats! And what a choice you have all at these fantastic low prices! Choose pop- lins, quilted nylons, gabardines and wet looks. PANTSUITS JUMPSUITS The cool pant and jumpsuits you'll lovs for their wonderfully wearable ways, their completely carefree manner. Bright springy Jt QQ colors in C great styles....... ITALIAN KNIT SUITS The newest, most elegant styles for Spring into Summer Choose your suit in lightweight knits I in fabulous Spring shades.............. MIX-N-MATCH Pants Blouses Sweaters Skirts DRESSES Exceptional selection of dresses. Check quality then take a look at prices! You'll agree it's a great offer. Wide assortment of fabrics and colors. Share In this outstanding dress ffl 1 .Phone. Hollinswarth DOWNTOWN and COLLEGE MALI ;