Winnipeg Free Press

Winnipeg Free Press (Newspaper) - October 26, 1987, Winnipeg, Manitoba 4 Winnipeg free october 1987 economists fear consumer fallout following plunge continued from Page 1 How Consumers react to the worst week on Stock markets since the great after share prices crashed one week ago today Black monday governments moved quickly to inject Money into the there by helping to bring Down interest they wanted to bolster the Confidence of Consumers and encourage them to continue buying goods like houses and furniture that keep an Economy turning the consumer is said Laurent president of the tax plan concerns trustees continued from Page 1 ally been a Federal responsibility on to local governments with less capacity to there telling people if you want you have to pay for said whose division would lose to if the tax plan is he said the National Impact would be significant and would Cost nor Wood taxpayers about half a Mill unless programming is Linda Kamesas Sini Boia Board said her division expressed concerns to progressive conservative maps Dan Mckenzie and George we dont like said who estimated the change will Cost ratepayers David Winnipeg division assistant said officials there have not worked out an estimate of the tax potential in Pat Manitoba depart ment of finance assistant Deputy minister for Federal provincial rela said Ottawa plans Public hear Ings on the proposed tax and he Doest expect it to be implemented before 1990 at the Gannon said Manitoba is concerned about the Federal govern ment limiting the provinces tax sources and this proposed with out some offsetting would do just he also said he knew of no Prece Dent for the provincial government providing some sort of Cushion for organizations hit with new Federal Canadian manufacturers Assoc a if they the Market and dont then manufacturers have a big a number of american observers share that and Many economists Are reducing their 1988 forecasts with some even predicting a mild recession Early next those economists who Are not forecasting an outright recession be Lieve that economic activity will be much weaker than they had expected before the record shattering plunge of the Stock the reason for the pessimism is a belief that Consumers will feel poorer after the markets big which wiped out billion us in wealth in a single in new York Wall Street prepared for the new week by Clearing out the debris left by last weeks new York Stock Exchange employees and brokers continued to work on eliminating the backlog of paperwork from last monday and when More than billion shares were Richard a spokesman for the said about a half to a third of the exchanges employ already had spent an unusual saturday on the Job worked to wrap up questioned with the backlog out of the the exchanges would be ready for this weeks trading and brokerage firms would have a better idea of How they fared during a week that saw the Dow Jones Industrial aver age plunge 508 Points in one Day and then recover some ground to close out the week with a loss of Points at John chairman of the new York Stock said yester Day he expected Calm to return to the but Phelan also voiced concern about the relationship among worlds there becoming much More there becoming much More sensitive to both Domestic and International and there be coming much More related to each he Stock markets in Tokyo and set records with volatile Price swings last by the end of the the Toron to Index was Worth 14 per cent less than when it started on when the Market had its biggest drop Ever 400 in the same the Toronto Stock Index also recorded its largest moved ahead 368 Points on wednes Canadian exchanges the week on closing but losses were nowhere near earlier de Many economists placed some of the blame for the turmoil on inter National markets on the massive Federal budget which forces interest rates up and also erodes Confidence in the econ Arab ministers urge condemning Iran As aggressor in War continued from Page 1 but that alternative May not win enough Council states have Given varying degrees of support to Iraq in the but have been anxious to avoid refuseniks celebrates Freedom Vienna a jewish refuse Nik Vladimir Slepak arrived in Vienna ending a 17year struggle to leave the soviet its like a he Slepak and his were hugged at the Airport by their Alexander Slepak of who said it was a living hell waiting a decade to see his parents who first applied to Emi grate in said he does not see his release As a change of policy toward soviet jewish emigration but rather As the result of Western its unbelievable to be to be he told reporters at an Airport news from my Point of my release is a a gesture towards the West because the soviets need new credit and support from the he said he and his wife plan to go on to Israel after one or two Days in Austria soviet authorities denied Slepak request to leave the country because they said he had Access to state secrets in his earlier work As a radio Engineer but on they Sud Denly told him he could one of the leading Fig ures among soviet jews denied permission to hugged and kissed relatives and friends at Moscow crowded Sheremetyev Airport before any clash with nonarae Gulf diplomats said military action was clearly out of the question for the but that saudi Ara Bia wanted the Council to condemn Iran As an aggressor and set the stage for a broader condemnation at a planned Arab Summit in Jordan on the Council ministers met yester Day As a British newspaper reported that Egypt outside party not involved in the Riyadh talks sent pilots and other military Aid to help Kuwait defend itself against while acknowledging it sides with denied the re ports of direct military Aid to the Small Oil Kuwait has been hit by missile fire three times in the last 10 including one strike last thursday that knocked its offshore supertanker loading terminal out of Kuwait and the United which has been providing naval escorts for american flagged kuwaiti say the missiles were Chi nes designed silkworms fired by Tehran radio warned yesterday that ant american such As saturdays bomb blast at agents for the pan american airline in might a Small explosive device shattered windows at the seafront pan am office but caused no two kuwaiti newspapers blamed Iran and its the report on egyptian military Aid to Kuwait appeared in Britain sunday times which said it was part of a secret Deal in which Egypt would get economic Aid from Gulf the newspaper quoted egyptian officials As saying Egypt had sent about 70 air Force pilots and support personnel to Kuwait last week and that More air Force units could be sent egyptian officials in while confirming Egypt backed denied the Pawley says Hes not going to to have an open mind on free Trade province to hold forum on free Trade agreement continued from Page 1 As Pawley said he will announce plans this week for a Public forum to give Manitoban an Opportunity to air their views on free he said he would release further details later in the but the forum would be used to explain the agreement and collect reaction to present the Federal Pawley said that regardless of what happens in the Public discus Sions his government will not Bend on its opposition to the in not going to pretend that we have an open mind at this we Are of the View that this agreement is of no Benefit to Mani but i think we have a responsibility to go Over the text with Manitoban to explain the Impact of the Pawley said he Doest think the provinces can fight free Trade on Legal but have a duty to fight it i think giving up would be Abdi Cating moral he As a in concerned about this Deal and How it will Impact upon Canada and future Cana its not just a question of its a question of Quality of he said per cent of the pro posed agreement deals with areas of solely Federal it is not known yet if any matters of provincial jurisdiction will apply in he the proposed Public forum will begin immediately after the final text of the agreement is made pub Pawley he said the Federal government has already missed its deadline for releasing the full text of the Docu but he Hopes to have it within two provincial premiers have been working with a 36page summary of the agreement since the proposed Trade treaty was announced the agreement would eliminate Trade tariffs Between Canada and the United states within 10 or Ali i Jollit j continued from Page 1 citing liability to beneficiaries of a nearby Lodge if an Accident of since band members have flown in food and supplies at higher Cost with float planes but had to Stop last week when gods Lake began to weve been working on the air strip since Okimow but we were planning to use it for food and medical supplies i still dont think its Safe enough for peo ple to land Okimow admitted that As he was pleading with transport and North Ern affairs officials last about 30 members stayed behind and built their own Airstrip about 30 metres away from the one Yuskiw con weve been working on it quietly its Only an interim he Okimow said a band Mechanic supervised the building on the air strip and a Pilot inspected it last he said he had no idea How much it Cost nor would he say where the funds came he said it was Safe enough to land on so we started using Okimow Okimow is also asking that plot Man not expropriate the he was considering building a new Airstrip instead of expropriating it because it was Okimow i would rather my band use a new last chastised the former Cabinet minister who closed the Airstrip to the band in an Effort to bring the Issue to a the minister said the province and Federal government have agreed to share the Cost involved in the Sei with Ottawa picking up 60 per Centof u Okimow is asking that the government investigate a skins involvement with the lease of the Airstrip and the nearby saying he betrayed a Public Turner reserves option to kill pact Montreal up a Liberal government will not feel bound to Honor the free Trade pact prime minister Mulroney negotiated with opposition Leader John Turner said if canadians give us their Confidence and make us their govern never will i feel politically bound by this agreement signed by Turner told a Brunch gathering of about party the though not specific about How Turner would treat the pact in a Legal was his most elaborate on his intentions for the Deal under a Liberal the Liberal Leader has repeatedly refused to spell out whether a Liber Al government would Honor the agreement since the tentative Deal was signed earlier this the pact1 must still be approved by the Congress in some minor by the the premiers have said they probably dont have the Legal Power to kill the we have not signed this agree we will not live with Turner he refused to elaborate when questioned by reporters but his press Daniel said Turners remarks meant that he reserved the option to kill the pact and would do so unless it is Turner said the Deal will be disastrous for Quebec As he has already said in British Manitoba and Ontario in his Campaign against the Turner told Quebe cers that their province too will be flooded by cheaper farm products from South of the the american multinationals will flood our markets with their Dairy even their to he if we sell out our Farmers and at the end we will even be dependent on the americans to feed the Liberal Leader has already set out his opposition to other sections of the arguing that it does not guarantee canadians Access to markets and gives up too much to the Turner said his opposition to Blythe Trade Deal is based on the same Canadian patriotism that he said is the foundation for his support Meech Lake constitutional if i am fighting Mulroney it is because i am a Canadian because i am a Cana i am supporting Meech woman killed in train crash at dreaded Portage crossing by Lisa priest a Portage a Prairie woman was killed and her daughter seriously injured when their car collided with a freight train Satur Day while trying to Cross a dreaded railway Linda Dorothy was driving five Kilometres West of Portage on a dirt when she crashed into the 106car up rail train at an uncontrolled intersection and rolled into a ramp the train was travelling about 65 ramp said Heather is in stable condition at health sciences Centre with head injuries after being victim to what Portage residents describe As a dangerous that crossing has always Wor ried George the dead woman when theres nothing there to Stop this kind of thing Hap Kitson said last he said if controls had been put up at the on what is informally called Belle Plain his wife might still be raised crossing most people who drive that Way know How dangerous it Brian the victims said last its raised about 12 to 15 feet to metres higher than the Road so its hard to see whats coming or Reeve Jim Knight of the Rural municipality of Portage la Prai Rie said the Road was raised about metres eight years ago after residents complained they see what was coming from the other Side of the i think this is one of those tragic the train was going West and she was going South it was a Clear Knight Kitson said his a part time special education teacher for the Portage school was also the Mother of daughters Ash and were making it not but were going to get through the Grain Farmer we have lots of family to help us through he said his wife was very involved in the City of f the most exciting Hospital lottery in Manitoba history is St Boniface general Hospital research foundation presents Hospital you could win a a a a doral watch your Mailbox this you will get a very special envelope in your from the St Boniface general Hospital research it contains full information about the Hospital lottery and tells you How and where to get your tickets 300 prizes Worth half a million dollars with 300 prizes and Only approximately 1 in 33 ticket buyers win Boniface general Hospital research foundation will use the proceeds from the Hospital lottery toward the Purchase of a magnetic resonance lottery licence 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