Versailles summit seals new economic orthodoxy in crisis
Leaders from seven industrial nations endorse restraint on spending and tight monetary policy to curb inflation. Canada faces hard times with 1.5 million unemployed domestically and a dollar at historic lows as Pierre Trudeau weighs limited action while Bank of Canada Governor Bouey and Allan MacEachen already push higher interest rates. The summit confirms fiscal and monetary paths already in place.
MENTIONED IN THIS ARTICLE
Versailles
Louis XIV
Milton Friedman
Canada
Pierre Trudeau
Trudeau
Bank of Canada
Gerald Bouey
Allan MacEachen
MacEachen
U.S
Liberal Party
Ottawa
Canada Development Corporation
National Energy Program
Canada’s Choices After Versailles Summit Failure
The Trudeau government faces options from a hang-tough inflation policy with limited tweaks to bold moves for growth or stimulus. Deficit pressure and Bouey’s inflation stance constrain action while unemployment climbs, and credibility erodes. A shift is coming, but its depth depends on the economy’s slide and policy timing.
MENTIONED IN THIS ARTICLE
Montreal
Trudeau
U.S
Overseas Chinese drive global East Asia economy
Editor Frank Viviano profiles Y H Kwong and the 25 million overseas Chinese as a pivotal force in East Asia and the Pacific. From Rangoon to Hong Kong to San Francisco, Kwong built China Engineers into a vast multinational empire, illustrating how migrant Chinese entrepreneurs anchor regional prosperity despite political headwinds.
MENTIONED IN THIS ARTICLE
Vio
Frank Viviano
Pacific Rim
Viviano
Far East
Hong Kong
Y.H. Kwong
Guandong
China
Stockton
Calif
Rangoon
Burma
San Francisco
Taipei
Beijing
Bangkok
Singapore
East Asia
The
Pacific
California
United States
Stanford University
Kwong
China Engineers
Fortune Magazine
Overseas Chinese reshape Asia’s economic landscape
The article traces how Chinese peasant entrepreneurs evolved into urban leaders across Asia, with Singapore, Hong Kong, and Taipei as growth hubs. It notes overseas Chinese influence in Indonesia, Malaysia, and Thailand, race tensions, legal restrictions, and the rise of tech hubs like Penang as a Far East Silicon Valley. It also highlights shifts in education and governance, and the new multiethnic regional prosperity.
MENTIONED IN THIS ARTICLE
Pacific
U.S
Hong Kong
Singapore
Taipei
Far East
Asia
Kwong
Southeast Asia
Thailand
China
San Fransico
Kong Kong
Ong Beng Seng
Malaysia
Europe
Japan
People’s Republic
Indonesia
Burma
Vietnam
Jakarta
Kuala Lumpur
Ong
North America
Britain
Canada
United States
Penang
Berger critique stirs Commons over judicial council report
Southam News reports Svend Robinson condemns the Canadian Judicial Council for its handling of Judge Thomas Berger while Berger’s career and stance on aboriginal rights and Trudeau’s constitutional package draw defense. The piece links the affair to Becket’s murder and questions the council’s authority and impartiality.
MENTIONED IN THIS ARTICLE
Ottawa
House of Commons
Svend Robinson
NDP
Burnaby
Robinson
Minister of Justice
Canadian
Judicial Council
George Addy
Thomas Berger
Canadian Judicial Council
Berger
Mackenzie River
Mackenzie Valley
North
Pierre Trudeau
Trudeau
Darling
Canadian Bar Association
Henry II
Thomas A Becket
Becket
Jean Chretien
British Columbia
Allan McEachern
Vancouver
Judicial Panel
Bar Association
Baloney
McEachern
Southam News
Also Mentioned on This Page
John Ferguson
Don McGillivray
Bouey
Tories
New Democrats
Pacific News
Braniff
Charles Lynch Berger As
A Becket
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