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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 29, 1974, Lethbridge, Alberta 4-THE LETHBRIDQE HERALD Tutidiy, October 29, 1974 I'IMIOItlAIS Canadian money in the U.S. A report on foreign investment releas- ed recently by the C. D. Howe Research Institute, a private, Montreal based organization, should be of interest to Canadians because it provides a switch in thinking. The study concerns direct foreign investment in the United States, delving into the reasons for the increasing amounts and the reaction this is causing in the U.S. It may be a revelation to some readers that Canada is the biggest investor in the manufacturing sector, with 30 per cent of total foreign investment. For all sectors Britain leads with a total investment of 31 per cent, followed by Canada with 25 per cent. Between 1960 and 1972, foreign invest- ment in the American economy grew at an average of six per cent annually. In 1973 it rose sharply by 25 per cent. This has caused some concern, and at least four congressional hearings have taken place. The report concludes that the U.S. is an attractive location for foreign direct investment and adequate safeguards exist for ensuring that such investment is of mutual benefit to the countries involved. It also notes that while there have been some calls for restrictions, none of them has been sup- ported by any major business or labor group. There would seem to be a lesson somewhere in this for Canada, although, unlike the .situation in this country, foreign investment represents only a small proportion of total investment in the U.S. economy and is only a sixth as large as U.S. investment abroad. Meanwhile, for the layman who professes little interest in economics because he doesn't understand it in the abstract or on any broader scale than that encompassed by his own paycheque, the institute has published a Balance of Payments Handbook aimed at the businessman, the student and the general public. The motive behind the publication, which can be obtained from the institute for is the idea that this subject is vital to a nation's economic policies and should be understood by an electorate at whose pleasure the national government serves and to whose ideas it must be sensitive. Alerting the unwary Operators of motor vehicles are responsible for being alert at all times for the the switching of traffic signs from one corner to another. Nevertheless, habit can interfere with a person's usual carefulness and result in an accident in situations where stop signs have sudden- ly been switched. For some months during the construc- tion of the approaches to the new bridge connecting the univer- sity with downtown Lethbridge alterations in the location of stop signs have occurred from time to time. It is likely that these alterations. taking place without warning, have resulted in accidents and near-accidents simply because of the habit factor. There ought to be some way of arresting the attention of people when changes take place in traffic flow patterns. Perhaps larger than usual stop signs should be used in new locations for a few days or maybe flashers could be stationed near the signs. At a time when automobile insurance agents are worried about the rising number of accidents this matter of finding a means of alerting the unwary to changed signs might be worthy of their attention. ERIC NICOL The land of milk and honey Latest developments in the land flowing with milk and honey: Health Minister Marc Lalonde has suggested that consumers who find liquid milk too expensive should make more use of pandered milk. Agriculture Minister Eugene Whelan has voiced support for increased consumption of wine, as a good source of iron. If you can't afford either powdered milk or wine you can try a cup of hemlock, at bed- time. What it lacks in vitamins it makes up for in solving the problem of the family food budget. Our family is fortunate enough to be able to afford to buy liquid milk. We can buy it in very large, multi-gallon jugs that car. be lifted only by a person who can bench-press 250 pounds. We buy the milk in these vast containers not only because it is cheaper but because I hoped the weight would discourage the younger members of the family from helping themselves. Unfortunately I am blessed with kids who are small but remarkably strong, probably because they drink so bloody much milk. I on the other band have developed a painful case of milk-jug elbow. My doctor says that it may never clear up, unless I get a second shot at suckling. I can also report only partial success with fitting the milk jug with the dispenser cap from a vinegar bottle. It appears that if a child wants a full glass of milk he is prepared to wait for it, drop by drop. To set an example in cutting milk consump- tion I have been drinking my tea and coffee black, at least in front of the children. I en- courage the kids to drink their milk black. 'How can we drink milk asked one of them, in the spirit of enquiry fostered by our rotten schools. The question is not altogether frivolous. It is difficult to find anything to add to milk that isn't equally capable of removing an arm and a leg at the check-out counter. Except, of course, water. But supplementing milk with healthful, nourishing water is not as easy as it sounds. To quote Thoreau: some circumstan- tial evidence is very strong, as when you find a trout in the milk. My son has a friend who is allergic to milk. He invites him to the house when I'm not home because he hates to see his father cry. He and the rest of my family have an unerr- ing taste for foods that are inflation's darlings, foods like milK, sugar, honey. What they are allergic to is lentils. Or anything cheap like lentils. Getting my children to drink a glass of lentils is murder. Gag, gag, gag it's all they know. I have hammered down the lid on the honey pot till I hear from Mr. Lalonde and Mr. Whelan as to what I may substitute for sweet. According to the news story I have before me, the demand for honey, which for some people has replaced the luxury of sugar, has pushed up the cost of queen bees. A good, sex-crazy queen that went for a few months ago is now priced at to 'Beekeepers, who used to sell their bees, are keeping them now because there is more profit in selling honey." rVm doing my best to keep my cool about this. The fact that I was dragged back into the house because I was shouting abuse at a fink of a honey bee using my dahlias to feather his nest does not represent my normal response to living in the land flowing with milk and honey. Deep down inside, I know that Marc and Eugene will make sure that something runneth over besides my food bill. Letters Labor union influence Canada seeks trade tie By David Macdonald, Herald London commentator BRUSSELS Canada's attempt, begun in 1972, to reduce its vulnerability to United States economic pressures by signing an agree- ment with the Common Market on trade and other matters, has moved to a new level as a result of Prime Minister Pierre Trudeau's visit here. Senior officials are to be committed to the next highly technical phase, according to Canadian spokesmen. Mr. Trudeau himself observed that "we have decid- ed to intensify our discussions and amplify them in ways that are to be negotiated." Mr. Trudeau's talks with Francois-Xavier Ortoli and Sir Christopher Soames, president and vice-president of the European Economic Community, were necessarily couched in vague terms because neither side knows at this moment what kind of an agreement will develop, if any. Canada's basic aim is to have a formal, contractual link with the nine-country Common Market. There has been confusion in Europe as to what exactly Canada was getting at and this confusion has now been revealed to be well-founded. While the Prime Minister talked of a great deal having been accomplished in his brief visit, officials in his delega- tion admitted that Canada has no specific aim in mind in its talks with the EEC. The officials said that Canada opened its talks with the EEC months ago by presenting a standard trade agreement outline as a basis for discussion. This was courteously re- jected by the Common Market officials, who said they failed to see what such an agree- ment would do for Canada Common Market relations that is not already done by the General Agreement on Tariffs and Trade The aim of GATT, which has been in existence for years, is to eliminate gradual- ly tariff barriers and thus stimulate free trade worldwide. The purpose of the Common Market is for the nine member countries to eliminate tariffs between each other and eventually at- tain economic, monetary and political union as one vast unit. Canada does not seek to become part of the Common Market but wants to carry over into the new era of a united nine the bilateral trade it has been having with the in- dividual countries. In 1973 Canada's exports to these nine was over billion in value. When the basic trade agree- ment idea was rejected, Canada began talking in terms of a more general agreement that could include both trade and such things as investment and raw material supplies. This approach has opened the door wide for empty statements by both sides. The EEC officials and their political masters, the Council of Ministers of the nine countries, have been quite happy to say relations should be explored and improved. Canadian officials talk of Canada wanting to be in lockstep with the EEC as its destiny evolves. The Canadians say the problem is that the EEC is an evolving, mutating creation, still feeling its way in respect to many of its policies. Therefore Canada must be flexible and ready to switch positions and priorities. But the EEC civil servants and the political leaders of the nine have reservations because, so far, the EEC has not yet entered into any such discussions with any in- dustrialized country. They also share the unease of some American officials that conclusion of a Canada Market trade agreement would diminish the impor- tance of GATT. Canadian officials, however, are not convinced that GATT has an infinite life expectancy. Mitchell Sharp said as much a few months ago when he warned that Canada should beware of rely- ing on the survival of GATT as a basis for our trading relations with any country. One of Canada's main attractions to the Europeans is its supplies of various types of energy. They also are interested in security of supplies of various raw materials at reasonably fixed prices as well as technical, scientific, industrial and nuclear co-operation. These are the rarrots Canada can offer in return tor a trade tie. But no complete package is in sight in these early stages. The purpose of the Prime Minister's visit was to demonstrate Canada's political will to achieve agreement. He explained that part of Canada's motivation is to lessen dependence on trade with the United States. Common Market officials here say, in the wake of Mr. Trudeau's visit, that what will help now is a detailed explana- tion in technical terms of what Canada wants. U.S. President Ford is now manifesting a real intent to cure inflation by initiating restrictive measures. These methods are fundamentally disciplinary. This is as it should be for when governments cannot or will not control groups for the good of all it cannot be regarded as good government. This promises to be very interesting especially when the mighty labor unions begin to hurt as a consequence. I say this because organized labor on this continent today has achieved an influence and power we probably do not realize to the fullest. The significance of this is that when labor unions osten- sibly became more powerful than governments then the day might not be far off when governments shall become not servants of the three classes but rather instruments of the organized middle class where the unions are most active. Soon after mechanized technology began to produce material and money wealth in abundance we saw the emergence of labor unions. I believe these unions first looked at the profits of those who took the risks and the responsibilities to establish this mechanized industry. They decided to demand a larger share of these profits, but unfortunately a pattern of endless demanding became established and this has led to the most prominent cause of the inflation we now know. This inflation bothers the Obstacles to Cyprus peace By C.L. Snlzberger, New York Times commentator 'Nothing here bat not air and horsefeathers..." PARIS TTie most urgent task Henry Kissinger has set himself on his current diplomatic foray is moving the Cyprus crisis along the path to peaceful settlement, thereby healing a serious breach in NATO. The under- taking's magnitude may not compare with the ultimate goals sought in continued talks with Russia; but the im- mediate dangers of failure are great. Kissinger's efforts to get some motion on Cyprus have been delayed by two things. First, the U.S. Congress sought to impose a handicap on presidential policy-making by abrupt termination of aid to Turkey. This would have removed a principal tramp from the secretary of state's .hand as he began negotiations. Even now he has very limited leeway but at least he is not in a position of appearing an out- right bully to the Turks, something he must avoid. The second obstacle has been Turkey's failure to replace the Ecevit govern- ment after it resigned. Ecevit's widespread pop- ularity, stemming from the landings in Cyprus, nevertheless hasn't yet enabl- ed him to make a deal with other party leaders and his parliamentary backing remains a minority until next spring's elections. Thus, curiously, the politics of Turkey, where a strongman seemed to be emerging, have proven to be a greater hurdle than the politics of Greece, where an entire system of government has been replaced. Kissinger desperately hopes to see a new Turkish cabinet formed under Ecevit within the next few days so he can include Ankara and perhaps Athens on his forthcoming schedule and pull Cyprus away from the brink. No contemporary Greek leader save Constantine Caramanlis, provisional premier running for formal leadership in the Nov. 17 elec- tions, first in many years, has the strength and prestige to get a sensible deal with Turkey accepted by the Greeks. Therefore Kissinger hopes to obtain some yield from the Turks by early November, in order to im- prove Caramanlis's vote- getting position and set the stage for Greco-Turkish talks. Before Ecevit's resignation, he had already promised Kissinger initial concessions. This agreed to split the island into mixed provinces with the largest of the five dominated by Turkish- speakers situated in the north. But when Kissinger passed the formula on to James Callaghan, chairman of the first'Cyprus peace talks in Geneva, the British foreign secretary failed to present the paper. Kissinger's margin of maneonvre is very slender. Congress has pat a time limit on future Turkish aid unless Ankara budges considerably on Cyprus. This has irked many Turks who talk of quitting NATO completely. The secretary of state's chances of catting the Cyprian knot depend almost wholly on two men: Ecevit as premier in Turkey and Caramanlis as head of the first parliamen- tary government Greece has had since 1967. unions, as it should, because they see in it a threat to the value of the dollars they receive. What they do not see so well, as members of a very large and materially wealthy middle class, is that they have impoverished both the upper and the lower classes who were directly involved in the pioneering of technology. An example, many es- tablishments are known to be functioning with an unsafe capital margin, and are cramped in expansive pro- jects, because of low reserves. Many others have silently gone into liquidation. Economists attribute this to the effects of excessive wage demands. Inflation will end when organized labor stops demanding more and allows production to exceed con- sumption by a healthy margin, for then, it would not be necessary to inflate or devalue the dollar in an attempt to stop the total takeover of all wealth by an insatiable middle class who still largely controls produc- tion and distribution due to in- completely automated technology. In conclusion, with manage- ment attempting to offset the effects of persistant wage demands by increasing costs and the unions persisting, the poor are caught in the crossfire and may well ponder their future with real concern. LLOYD WEIGHTMAN Lethbridge Factual coverage I wish to thank The Herald for printing the section of Hansard regarding Mr. Hurlburt's remarks concern- ing the MP from Nickel Belt. I wish every case of this kind could have equal factual coverage. I do not know the Hon. member, or his history, but even if Mr. Hurlburt spoke the exact truth, it should have been done in different language for the good of House procedure, and I am quite sure Mr. Hurlburt will agree. But that he should have been accused of insulting anyone for being an immigrant or a teacher, even the member from Nickel Belt, is not only anything but the truth but damages the credibility of anything else Mr. Rodrigues or Mr. Knowles may say, even though strictly within parliamentary speech limits. I must admit that the ma- jority of the Nickel Belt con- stituents were insulted. So what? Which constituency, outside of Prince Albert, hasn't been so insulted in this election? Nor does that apply except to the rare election, anywhere. Next election will tell how much they feel in- sulted J. A. SPENCER Magrath CBC programs This is to ask why our Cana- dian Broadcasting Corpora- tion is spending hard-earned tax money on an apparent ef- fort to destroy the so-called "white regimes" of Rhodesia and South Africa? Amazingly, Rhodesia is not a "white regime" anymore than is Canada. It has 16 black members of parliament and in their senate sit the chiefs of the tribes. Having sat in both houses in heard a black member address the house at length. No matter, what we. in- dividually, think- of the policies of these two countries, are not their inter- nal problems their own business? How many Canadians are sufficiently in- formed on their situations to even criticize or condemn, let alone interfere? But what does CBC Televi- sion and Radio give us? A Canadian produced sen- sational, sordid movie of con- ditions in South Africa, with photography of poor quality and emphasizing not the positive, but the worst con- ditions in the country. Recently, on CBC Radio, with Canadian commentators, was a sensational, drum beating, chanting, noisy, two hour presentation on Rhodesia, presumably aimed at the destruction of its government. As a result of such propaganda, Canadians who have not seen, in these two countries, the tremendous ef- fort in education, noosing. medical care, employment, transportation, crafts and day care centres and food produc- tion, might easily come to the wrong conclusions. Then, why are "guerril- las" heading "Liberation movements" allowed entrance into our country? Recently two representatives of the "Gimbakeve African People's Union" (GAPA) travelled through Canada from Halifax to Vancouver, seeking air, sympathy and money to overthrow the government of Rhodesia. Newspapers titled them "Rhodesian yet why are they, and not the white Rhodesians, accepted at our borders? I was informed by Canadian Foreign Affairs that these so called "rebels" carried British passports. How come? How would Canadians react if other governments offered financial aid to overthrow our government? Have we forgotten our anxiety over the Laporte-Cross affair in Montreal? Should we, and the CBC, not take a long look at our un- happy Indians, our slums, poverty, unemployment, strikes, pollution and inflation? Then take another look at our own back yards before casting stones and tearing apart another country's garden. MARIAN VIRTUE Medicine Hat The Lethbridge Herald LETKBTtOGE HERALD CO LTD Proprietors Second Clan Man RegtttrMlon Me 0012 CLEO MOWERS. Editor and PtfMMner DONH PULING DONALD R DORAM Manager ROYF MILES Adverttrtng Manager DOUGLAS K WALKER ROBERT M FENTON GtroWKon Manager KEWWETH E. BuMness Manager THE HERALD SERVES THE SOUTH" ;