Auditor general Dye faces tough reality of growing government
Southam News argues Kenneth Dye’s low-key report on federal spending shows auditors report facts but cannot ensure value for money. It traces spending growth from 6 to 60 billion dollars over two decades, notes new programs and regulations, questions top leadership, and calls for higher-level restraint to curb waste.
MENTIONED IN THIS ARTICLE
Southam News
Ottawa
Kenneth Dye
Canada
Andrew Maxwell Henderson
James Johnson Macdonell
Henderson
Bonaventure
Macdonell
House of Commons
Auditors General
Auditor General
Dye
Ottawa worries budget already dated as economy sours
Growing evidence the economy is deteriorating casts doubt on the November 12 federal budget. Allan MacEachen’s optimistic forecasts are questioned as private forecasters warn 1982 growth could fall to about one percent or less. Officials revise figures, but public release remains limited to the budget cycle.
MENTIONED IN THIS ARTICLE
Financial Times
Ottawa
Allan MacEachen
Statistics Canada
GNP
Finance Department
Profits lie beyond hard assets says William Phillips
Chicago Sun-Times reports investor William Phillips argues profits come from long term trends not real assets like real estate or gold. He notes a six month commodity market downturn and a liquidity crisis after decades of credit expansion affecting consumer spending.
MENTIONED IN THIS ARTICLE
Chicago Sun-Times
Field News Service
William Phillips
Phillips
Chicago Board of Trade
New York
Chicago
Chicago Board Options Exchange
Syracuse University
Dean Witter & Co
Dominick & Dominick
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