15 Jul 1983
Page 1
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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Jul 15, 1983
Page
1
Ottawa finance minister Marc Lalonde warned that extending the current restraint program beyond its June expiry would be an admission of collective defeat. He favored voluntary targets to cut inflation toward four percent, not new wage or price controls, while a federal review of options continues.
Torrential rains eased as crews repair dozens of highway and railway washouts in southern B C. Officials estimate million dollar losses from repairs and revenue, with CN Rail line reopening Hope to Chilliwack, while Trans Canada near Revelstoke and Golden remains closed. CP Rail reports 21 washouts and 700 metres of track washed away, forcing bed rebuilding and detours. freight traffic to Calgary down to a quarter of normal.
Edmonton and Calgary lenders suffer as firms buy homes for $1 from strapped owners then fail to continue mortgage payments. Police say some buyers rent to profit, delaying notices to banks for three to six months and leaving institutions and original owners liable. Officials note few prosecutions due to vague laws and lawful look of these sales.
Alex Fallow, chairman of the World Student Games board, said the Universiade 83 budget will be under 31 million dollars with revenues about the same. He noted exact figures wouldn't be released for two weeks but expected the games to break even thanks to corporate help and sale of office equipment.
An explosion at Orly Airport Turkish Airlines desk in the south terminal killed three men and injured 63. A caller claiming ASALA responsibility cited Armenian grievances. The blast, likely from a suitcase, prompted a terminal lockdown and fears of a second device. Police noted a Turk and a Frenchman among the dead with unclear identification for the third victim.
Hanne Jensen, director of British Columbia's human rights branch, was dismissed as part of Labour Minister Bob McClelland's move after Parliament introduced a bill that eliminates her branch and the Human Rights Commission. The bill creates a five member human rights council to adjudicate disputes. Jensen warned layoffs could erode protections while McClelland said BC will have the strongest legislation in Canada and closed loopholes restricting discrimination.
A Toronto inquiry finds a trio of financiers planned a 152 million extraction from Ontario trust firms Crown Greyman and Seaway. The scheme involved 11 000 Cadillac Fairview units and a sequence of mortgage moves, with government regulators and directors blamed for lapses.
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