Navy internal study urges scrapping F-18A Hornet program
A U S Navy evaluation labels the F-18A a dismal failure and urges alternatives. It claims the program fails on cost and effectiveness, notes the F-14 Tomcat is more capable, and states the F-18A has been abandoned for large carriers. It compares the camel analogy to illustrate rising costs and limited benefits. Canada has already ordered 138 Hornets.
MENTIONED IN THIS ARTICLE
Washington
U.S. Navy
Navy
Southam News
Canada
Pentagon
Marine Corps
Israeli Jets Hit Libyan Missile Base and Palestinian Base
Israeli planes damaged a Libyan missile battery and struck a Palestinian base in Lebanon after Libyan anti-aircraft fire targeted reconnaissance jets. The military said all aircraft returned safely after accurate hits amid regional tensions.
MENTIONED IN THIS ARTICLE
Tel Aviv
Lebanon
Israel
Bank rate drops as markets reassess peak levels
The Bank of Canada lowered its rate to 18.68 percent from 19.06 percent in a first dip after nine weeks of gains. Analysts caution no major drop is expected, aligning with Governor Bouey’s warning. Chase Manhattan Bank cut its prime rate to 20 percent from 20.5 percent. In Lebanon, Israeli strikes hit Palestinian targets near Damour and Naameh, with WAFA citings of raids on camps near Tripoli. Libyan and Syrian leaders pledge backing amid the Lebanese crisis, and Israel warns of Libyan involvement.
MENTIONED IN THIS ARTICLE
Ottawa
Bank of Canada
Gerald Bouey
Chase Manhattan Bank
United States
Lebanon
Beirut
Palestine Liberation Organization
Damour
Naameh
WAFA
PLO
Tripoli
Libya
Syria
Muammar Khadafy
Israel
Raphael Eytan
Ahmed Jabril
Popular Front For the Liberation of Palestine General Command
Tory Collapse Hint Taps Uncertain Government Fate
Attorney General Neil Crawford suggests a provincial government could fall if members align with Speaker and defer approval of a 20 million special warrant. The note appears on page 2 amid discussion of political maneuvering.
MENTIONED IN THIS ARTICLE
Ray Speaker
Neil Crawford
Independent air safety board urged by Dubin
Mr. Justice Charles Dubin urged Ottawa to create an independent air safety board to investigate accidents and hazards, saying the transport department cannot regulate and investigate adequately. The report critiques current oversight and recommends legislation, while politicians call for action despite government reservations.
MENTIONED IN THIS ARTICLE
Ottawa
Transport Department
Charles Dubin
Ontario Court of Appeal
Dubin
Transport
Jean-Luc Pepin
Pepin
Walter McLeish
The
Commons Transport Committee
the Commons
Jaffray Wilkins
John Baldwin
Air Canada
Bernard Deschenes
McLeish
Alberta tightens energy squeeze with production cut
Alberta will raise its daily oil production decrease from 60 000 to 120 000 barrels. Venezuela plans a 10 percent cut across all customers including the United States, starting Monday. OPEC price freeze remains at 36 dollars per barrel for reduced volumes amid weak demand and a world glut. Ottawa has upheld a half cent a litre levy to cover extra imports and may raise it. Alberta plans a second 5 percent cut by June 1 and a third by Sept 1.
MENTIONED IN THIS ARTICLE
Edmonton
Alberta
Venezuela
Canada
Humberto Calderon
Berti
Organization of Petroleum Exporting Countries
United
States
OPEC
U.S
Ottawa
Marc Lalonde
Merv Leitch
Medicine Hat Nears 40 000 as Census Sees Growth
The 1981 civic census puts Medicine Hat at 39 934 residents, just short of 40 000. City clerk Larry Godin, acting census taker, notes a near six percent rise from last year and outlines growth patterns for the finance committee.
MENTIONED IN THIS ARTICLE
Medicine Hat
Larry Godin
Mortgage rate fears overblown says mortgage experts
Experts argue foreclosures by the thousand are unlikely despite record high rates. They note arrears remain low at CMHC 0.60 percent and 0.48 percent at banks, while renewals rise but equity and refinancing options help homeowners. First time buyers face the greatest challenge.
MENTIONED IN THIS ARTICLE
Ottawa
Desmond Smith
Insmor Mortgage Insurance Co
Toronto
Smith
Peter Carter
Royal Bank of Canada
Montreal
Canada Mortgage and Housing Corp
Carter
Also Mentioned on This Page
Shannon Ryan
Shannon
Michelle Loranger
Medicine Hat High School
Medicine Hat College
Robin Schlaht
Broadbent
Ed Broadbent
Mexico City
el Salvador
Napoleon Duarte
Yankees
Fox Valley Lions
Athletic Park
Allan Fotheringham Peeeeen
Ann Landers
Charles Lynch Ar
Pere
Christopher Young
Jim Coleman
John Walker
Western Express
Godin
Canadian Bankers’ Association
Trust Companies Association of Canada
Allan MacEachen
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