Kohl Wins Relegates Kohl's Victory Aids NATO in Germany
In Bonn the rebounding Christian Democratic Union led by Helmut Kohl secured a landslide in Sundays election, signaling strong Western support for NATO plans to deploy 572 U S missiles. The CDU CSU coalition won 244 seats and 48.8 percent of the vote while the Social Democrats trailed with 38.2 percent and 193 seats. Greens captured 27 seats reflecting growing environmentalist influence.
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Medicine Hat starts private financing with 20 million bond issue
City of Medicine Hat through a three-firm consortium launched a 20 million dollar bond sale to finance last year’s 46 million dollar gas fields purchase. About 15 million of the issue sold. bonds offer 11 3/4 percent for five years and 12 1/4 percent for ten years with minimum 1000 denominations.
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Wilson joins PC leadership bid after joining race
Tory finance critic Michael Wilson announced his entry into the Progressive Conservative leadership race in Ottawa. The former Toronto investment analyst described himself as a moderate Conservative and said he would push for private sector incentives while avoiding firm policy positions until the mid June convention approaches.
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Quebec ministers assaulted during protest at hotel
Quebec opposition delegates faced a violent scene as about 600 public servants blocked entry to a Parti Quebecois meeting. Ministers including Camille Laurin Denis Lazure and Gerald Godin were struck by placards and objects as they arrived, with some chair and limousine damage and one arrest reported.
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Gamble enters Tory leadership race amid spending critique
John Gamble a York North MP and foe of Joe Clark announced his Progressive Conservative leadership bid. He decried foreign aid and CBC spending, supported capital punishment, and urged a yearly one third CBC budget cut for three years as supporters chanted for him. He warned Canadians tired of generic promises and said he could raise up to 250000 for campaigning.
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Finance ministers cool to federal stimulus plan
Provincial finance ministers met with federal Finance Minister Marc Lalonde and signaled skepticism about large scale government spending to spur recovery. Alberta's Lou Hyndman warned deficits could fuel inflation and higher rates, while Ontario's Frank Miller favored private sector driven stimulus and noted recovery gaining speed. Quebec's Jacques Parizeau urged avoiding deficits that spark inflation, amid a looming Ottawa energy policy clash with Alberta Saskatchewan and British Columbia. Saskatchewan's Robert Andrew called the energy issue a government priority.
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Iran blocks OPEC price cut and demands lower output
Iran rejected a planned OPEC price cut and insisted Saudi Arabia reduce daily production to three million barrels. The dispute followed discussions where Britain’s state oil company hinted further cuts if prices fell below 29.50 dollars per barrel.
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