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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 27, 1970, Lethbridge, Alberta The Lctltbridcjc Herald THIRD SECTION Lethbridge, Alberta, Wednesday, May 27, 1970 PAGES Pace Of Price Inflation Slackening Our Economy Is Growing OTTAWA (CP) Canada's economy continued to grow in ie first three months of this year while the pace price in- lation slackened and unemploy- ment-rose moderately, Domin- on Bureau ot' Statistics reported Monday. Bucking the p r e s s u r e s of anti-inflation policies at home nd the influence of business lowdown in the United States, Canada's gross national product increased in the first quarter by 5 perc eat to an annual output ate of from in the final 1959 luarter. Average was for the whole of last year. Discounting price increases, irst-quarter growth in real ,erms was 1.7 per cent. The price inflation in the GNP calculation slowed down to an ncrease of seven-tenths of pus >sr cent compared with an adv- mce of 1.6 per cent in. the last quarter of 1969. DBS said business growth and reduced price inflation was ac- companied by "a comparatively moderate rise in the seasonal- y-adjusted unemployment rate." However, the bureau added ONE, TWO, THREE AND FIVE WENT IN-lt was chilly jubilation for Arnold Fleming 05 his teammate! tossed him into the icy waters of Lake Ontario after they had won their event In o rowing championship. But the 12-year-old managed to get the last laugh by pulling four mates in for company.____________________________________ Haven't Time To Grow Old Says Energetic Red Chief BELGRADE (AP) Asked a few years ago how he managed to stay so virile, youthful-look- ing and energetic, Yugoslavia's Communist leader told report- ers: "I don't have the time to grow old." Today, President Tito, mar- shal of Yugoslavia, is celebrat- ing his 78th birthday, having lost none of the Impressive vigor that always has been as- sociated with him. Still fond of clgafs and whisky, Tito likes an espresso coffee with whipped cream first thing in the morning. He prefers slightly-dry wines and virtually all the good things in life. Yet he is a hard worker and makes others work hard. 'His daily work schedule seems to be without interrup- tion. He depends on cat-naps for refreshing himself. A month's tour of half a dozen TransportDept. Raps Plane Critics WASHINGTON (AP) In un- usually strong terms, the de- partment of transportation has lashed out at critics of its pro- gram to develop a supersonic: transport SST. Pointing to' cl a i hi s the SST will cause air pollution, result in destructive sonic booms and is too. costly, the department said in a statement: "Many of these arguments are specious. None has any sub- stantial basis in fact." The tranportation depart- ment's, defence of ths mae-am-hour SST came as one leading critic, Senator William Proxmire, told the Senate in a prepared speech today the plane "will probably never be able to fly in the United States." The Wisconsin Democrat said recent testimony by Russell Train, chairman of President Nixon's council on environmen- tal quality, indicated "the SST will not be capable of operating within the. noise limits already anrounced by the FAA for sub- sonic aircraft." Citing Dr. Richard Canvin, a former presidential science ad- viser, Froxmire said noise from the SST "will be equivalent to the sound of 50 subsonic jets taking off simultaneously." SAYS NOT LIKELY "It is highly improbable that this kind of environmental monster will ever be permitted to use our Proxmire said. In its statement, the transpor- tation department said "There have been many fanciful charges that the overpass of an SST at supersonic speeds would disrupt the earth's nataraV envi- ronment. "This is not true for several reasons. "First, there are very few land areas over which an SST would fly at supersonic speeds. "Furthermore, once an SST reached supersonic speed it would be at such a high altitude that the sonic boom which would be transmitted to land or water surfaces would be great- ly reduced .below the sonic booms with which the public is The department, also said there is no scientific basis for charges that large numbers of SST flights at altitudes above feet would pollute the upper atmosp here and drasti- cally change .the earth's weather. A holdup on the SST program, scheduled to begin commercial delivery in 1978, presents "some very real threats to the national the state m'ent de- clared. The Soviet Union and a com- bined British-French effort al- ready are ahead of the United States SST program. Loss of s a 1 e s by American SST producers combined with purchases by U.S. airlines of foreign built supersonic trans- ports would result in an unfa- vorable swing of at least in the .balance of payments through 1990, the transportation department said. The situation also would cost thousands of American workers their jobs, the' agency stated. Even though the Russian and the French British planes are in front, the statement said the United States can stay competitive if the 1978 goal is met because the American SST mil be faster and can carry more passengers. In answer to charges that the cost is too for developing two prototype SSTs the statement said ths government will get. ba ck its subsidy plus a profit if all goes well. Royalties from the sale of 300 SSTs will coyer the govern- ments' initial inveslm e n t. A profit of would re- sult from a total sale of 500 piano, the department said. countries in East Africa las February put some of his aides near exhaustion, but not Tito. STILL HUNTS Tito still engages actively it hunting trips, with the fervor o a good hunter and trapshooter Then, around campfire, he eats from what -he's shot, enjoying himself tremendously. At semi-official New Year ce' ebrations and informal occa sions, Tito is known .to visit sev era! restaurants in one night This habit, with his walking in the streets among crowds, is the despair of security people. Usually he appears in th next morning's newspapers pic hired in funny hats, dancing, o in other merry-making. To illustrate his love of na hire, anecdotes are recalle every time his birthday near about his encounters with peo- ple and animals. When hungry partisans in the Second World War trapped pi geons in a deserted attic, Tit told them: "This is the las time you try this. The bird must not be touched." He raise pigeons when he was a meta' workers' helper at Sisak, Croa tia. He keeps a lathe at his vaca lion home to recall his youth and grows flowers, both at his Belgrade residence and on the North Adriatic isle of Brioni, his summer residence. EARTHY SPEECHES In politics and in public con tact he is known and esteemec as a man who likes to get issue down to brass tacks, somelhin that has a special appeal t earthy Yugoslavs. Other poht cians deliver speeches that ar publicly regarded as out o touch with life. But Tito allows himself to be canied away in his speeches and this sometimes results i editorial revisions before the; are printed. When the non-alignmen movement, his pet project in in ternational politics, appeared tc be shelved after Jawaharla Nehru of India died and Presi dent Gamal Abdel Nasser of Egypt had more immediat worries, it was a challenge to Tito. By personal effort he man aged to get preparations for an other conference going, sendin emissaries all over the worl and venturing abroad himself to promote the cause. A third non-aligned summi conference has been for the fall in Lusaka, Zambia Whatcvef its influence oh worl politics, the fact on its conven ing is a personal political sue cess for Tito. that figures for A p r i 1 -f i r s t month of the second quarter in cidcate an accelerated rise in unemployment. The adjusted April rate was up sharply to 5.6 per cent of the labor fores from 5.1 per cent in March, 4.8 in February and 4.5 in January. The calculation of GNP growth of 1.7 per cent in real terms contrasts with first- quarter expansion by only sev- en-tenths of one per cent in Can- ada's real domestic product, an- other method of measuring eco- nomic activity. Gross national product mea- sures total output of goods and services in terms of incomes and expenditures at market prices, generated both within Canada and through transac- tions abroad. Heal domestic product measures the volume of the change in output within Can- ada alone. DBS said the major source of first-quarter growth in GNP was a strong performance in ex- ternal transactions, including a sharp rise in exports. Despite '.he interdependence of the U. S. and Canadian econ- omies, DBS said, first-quarter figures show Canada's economy has been at a standstill in real terms for two successive quart- ers. "Performance of the U. S. economy during the quarter provides a poor guide to concur- rent economic developments in DBS said. But it said Canada's economy, in the months ahead "will inevi- tably be affected by both do- mestic policies and the patterns of adjustment presently under Climbers Scale Virgin Peak ters) An Austrian expedition has conquered the previously- unsealed Lhotse-Shar, the world's sixth highest mountain peak, the expedition leader said today. Joesph Mayerl, a 33-. year-old Tyrolean steeplejack, and Rolf Walter, a 29-yesr-cld teacher from Innsbruck, reached the summit near Everest May 12, expedition leader Siegfried Aeberli told re- porters here. way in the United States econ- omy." City "exceptionally good per- formance" externally, DBS noted that in transactions with non-residents for goods and services Canada ran up a sur- plus of in the first quarter-the first since csrly 1968-compared with a deficit of in the previous three months. Exports increased by 9.4 per cent, mainly because improved sales of wheat, crude oil and lumber offset a sharp decline in automobile exports to the United States. Widespread dec- lines in automobile exports kept the rate of advance down to 1.7 per cent in the quarter. Consumer spending on goods and services rose by only one- half of one per cent in the quarter, the smallest advance in more than five years and down sharply from an increase of 3.3 per cent in the previous quart- ers. SOME SPENDING DOWN The slackness was due pri- marily to lagging automobile sales. Spending on durable goods generally, including cars appliances and furniture, dropped by eight per cent, en- tirely because of low automobile sales. Oder durable goods sales were slightly higher. Spending on clothing went up by about two per cent, that on non-durables by ths same and on services by 1.8 per cent. Government spending went up by sbtmt four per cent in the quarter, mainly at the federal and municipal levels. Total investment in fixed cap- ital dropped by about one per cen'., a decline of two per cent in business capital spending being offset by a 4.7-per-cent rise in comparable governmen- tal investment. Total outlays on housing were down, with sharp declines in spending on houses outweighing work on apartment construc- tion. Business spending on no- residential construction rose by 1.7 per cent, but outlays on ma- chinery and equipment fell by per cent. Labor income was three per cent higher than in the previous quarter and corporate incomes were up by about 3.4 per cent, although still almost four per cent below the profit rate a year earlier. Jordans BOLD NEW BREED SHAG CARPET of DuPont Nylon uottt- RAMBLEWOOB as exhilarating as all outdoors created by Jordans to match the mood of carefree Western living. A lush, deep shag texture, with sturdy DuPont Nylon yarns tumbling all over themselves. Ramblewood is master craft- ed Exclusive for Jordans by Harding carpets. A new color concept tool Each strand of yarn is a Moresque blending of compatible hues shades inspired by nature to bring indoors the -freshness of our wide open spaces. Blue Spruce, Bronze Gold, Snowdrift, Light Olive, Orange Cedar, Dark Olive, Hollyberry Red, Blue Bell, Honey Gold, Sylvan Green, B Sage Green. INTRODUCTORY SALE PRICE ONLY 13 .99 SQ. YARD USE JORDANS LOW COST BANK PAYMENT PLAN WE HAVE CARPETS FOR EVERYONE NO DOWN PAYMENT TERMS TO SUIT YOUR BUDGET Jordans Out of town residents moy phone 327-1103 collect for service right in their own home, OPEN THURSDAYS UNTIL 9 P.M. ONE LOCATION ONLY DOWNTOWN AT 315 6th STREET S. ;