24 Jan 1992
Page 1
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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Jan 24, 1992
Page
1
In Pullman Washington researchers at Washington State University using a computer aided device to identify a cow's fertile period. The chip and sensor are implanted under the tail and activated by mounting indicating heat for eight to twelve hours.
Donald Cormie former head of the Principal Group paid a half million dollars hours after the fine was imposed for making false and misleading statements in 1985 about the conglomerate real estate investments. About 67,000 investors seek $457 million owed by Principal and its two companies.
A magazine report says Iran bought three nuclear weapons from a Soviet republic for about 150 million dollars during the Soviet Union’s chaos last year. It also claims Iran hired over 50 Soviet experts at $5000 a month to assemble the bombs.
Alberta plans a seven year cap on doctor incomes starting April 1 to curb rising medicare costs. the provisional deal would raise total pay to 867 million in the coming year from 822 million with 5.5 percent increase for 4500 doctors. controversy and worries about patient care and doctor mobility accompany the plan.
David Milgaard heads back to jail after a Winnipeg prison farm pass to attend the Supreme Court of Canada hearings on his 1969 murder conviction. The five-judge panel heard closing testimony from Nichol John with little new detail and challenged key police witness Ron Wilson who was severely rebuked by Chief Justice Lamer for credibility.
Alberta ministers warn the Supreme Court ruling on the Oldman River dam could trigger delays and cost billions in investment in major projects. Environment Minister Klein says joint reviews may be needed. Public Works Minister Kowalski cautions about constitutional bickering over environmental jurisdiction and stalled projects across Canada.
Prime Minister Mulroney says the move reflects a difficult business climate as Petro-Canada plans to close or sell about one third of its 3200 service stations and shut two refineries. Shell Canada also reports a significant annual loss as industry profits slump.
Major banks cut prime rates to a 19 year low of 7.5 percent after another bank rate drop. The benchmark borrowing rate may fall to 6.5 percent if the economy fails to pick up, says a banker. Inflation at 3.8 percent, expected toward two percent, keeps rates high. Economists from Statistics Canada describe the economy as stagnant rather than recovering.
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