Winnipeg Free Press

Winnipeg Free Press (Newspaper) - March 6, 1988, Winnipeg, Manitoba 10 Winnipeg free March 1988 Parizeau Waves to Par quebecois supporters who greeted him with a standing ovation at a meeting Parizeau downplays pm decline leadership candidate blames bad not Radical policy Montreal up Jacques sole candidate for the parti quebecois Dis missed suggestions yesterday that poll results indicating a decline in the party support were due to his Hartline Independence blaming the popularity drop on bad publicity arising from recent upheavals in the expressed Confidence its fortunes would improve when the party could put Forward a United front and the leadership Campaign was i am Only lacing up my shoes wait until i get the rotund economics professor told reporters after spending several hours at a party meeting where 300 delegates chanted his name and applauded wildly As he arms raised like a the sore com poll showed support for the governing liberals at 59 Pei up seven percentage Points since last while backing for the pm was at 26 per a decline of six but the outspoken who wants the party to fight the next election on Drew Consolation from another sore com sur vey published yesterday that suggested 30 per cent of Quebe cers would vote for sovereignty Assoria Tion with the rest of 1 remain convinced that the Pla teau of support for this Type of message remains consistent among an important group of and that is very interesting As a starting said who has always advocated outright inde a former pm finance attended the meeting of the National Council As an the focus of All eyes As he sat Chai smoking among delegates wearing his habitual British banker style three piece acting Leader Guy ostensibly Neutral in the leadership defended Parizeau Call for a unilingual French Quebec and denied charges it was we Are not going to adopt com allow ourselves to be accused of showing a Lack of generosity and openness because we want to defend our culture and our Lan Chevrette we have the fundamental right As a drowning in an Anglo phone to defend our said Chevrette who took Over temporarily after Pierre Marc Johnson quit under attack from hardliners last acting party president Nadia As Simopoulos announced elections to fill posts on the pcs National and youth committee left vacant by resignations of members unhappy with Parizeau Radical last six members of the youth executive accusing Parizeau of espousing ideas of racial purity and a youth committee spokesman defended saying anglophones and ethnic groups should not fear that the drive for sovereignty would be directed against they Are As i As you As everybody said Villa Soun a 24year old lawyer and citing his own background As a laotian As evidence a member of an ethnic group could feel at Home in the the elections gave Parizeau a Chance to put his own supporters on the executive and youth among the candidates was Camille father of the Law entrench ing French As an official who quit the party with Parizeau three years ago to protest its soft peddling of Chevrette supported Parizeau decision not to spell out How Quebec would achieve saying one of the pcs most fundamental and divisive errors had been to seek to commit itself to a but he warned Parizeau sup porters who recently joined the party to be tolerant of other Mem Bers More reluctant to jump on the we have to accept each other and work he Jeanpierre a legis lature member with reservations about a Radical policy said there has been a changing of the guard in the pm and suggested Parizeau enthusiastic reception might be due to the departure of Johnson credit cards cause Cash crunch plastic purchases fuel buying As Consumers wrestle with debt Edmonton up it has bargain written All Over you but at that Var with Remote control and Cable ready tuner is too Good to pass up and you reach for that piece of plastic in your strike another blow for the Cash less ring up another round for consumer credit card every year for the last two dec More and More canadians have been turning to credit cards to buy an Ever increasing number of goods and in clutched million of the Little passports to instant purchases last year Dou ble the number a decade they rang up billion in sales in 1987 times what they charged in while plastic Money seems to by managed fairly Well by most con its become a heavy Bur Den for increasing numbers of Al Bert ans hit by in for 700 cd Monton ians called the provincial consumer and corporate affairs department and asked for advice about How to handle heavy debt theres been a gradual increase in such Calls Ever since the recess urn that began in department official Morns Tracy said in a recent of the different types it debt problems faced by the credit Caid i close to the said acting supervisor if the departments family Finan Cial counselling unit its people Sliu Are uni Keg Fei its income but latest vies Haven often there were t we incomes and now t Hei e one when Ilia in peo pie often us Teluli ii i work for a time Antii the card limit f i it Iii r in thing 111 ii univ i que Alliv Fol Iii Lei i i Jav hell debt it too he sold i making enough Niones in i e one of the Ali in t i Sun Ai Dan Lupu i Coue to Livia ii Dies Itie num Livi i Bui i i Iii Haillie i i Banks say canadians have been better at paying off their card bal ances than in the Only per cent of the Dollar amounts owing to card companies last year were delinquent after 90 Days or said Irving a spokesman for the Canadian banking but while canadians have been Good at meeting their critics of the card companies say customers could be doing better if interest rates charged we rent so the main concern with credit cards is that they Are a relatively High Cost Way of borrowing said James an economics professor at York University in interest rates for unpaid bal ances at most card companies Are now about 18 per consider ably higher than rates charged for most consumer he the Banks say providing unsecured Loans for a Large number of transactions is a costly and they argue there Are enough companies around to provide Good Savary believes canadians Haven and Arent about to give up their longstanding love of and the Bank of Canada says theres no Lack of Cash there was billion of Cash in circulation last year per cent of the Gross Domestic that exactly the same percent age of the country output As in corporate takeovers prompt economists fears of depression Edmonton up some admittedly pessimistic economists fear pressure from corporate take overs could pop the International debt Bubble and trigger another de but others insist that Canadas corporate borrowing is under con despite High interest rates they blame on soaring government debt the harbingers of crisis View the current flood of leveraged buyouts where corporate Sharks borrow to buy target companies As dangerous debt which produces Noth ing of the dead weight of corporate debt is so heavy its going to drag Down the whole Warren a University of Calgary finance said in a recent a Mere change of ownership makes no contribution by said i a Universy of Albi la economist Illey Side with economist Kii Usein who served the economic adviser to Unitis president John i1 Ken Miledy Ute Braith sees parallels Between takeover of the 1jsus and i tie Pyramid debt schemes often blamed for triggering the Lieut depression of the level age is Agmi winking its Lial Braith Sahi ill a Ai a v Alicle in the 19cv t sinker to nine with heavy Ilell Iii in without enough Elk Ollie to Galbraith debt worries keep up with their debt and keep just As in 1929 when the Stock Market a fall in earn Ings will ind i lie debt Burden l 11 s t p to i t a b i e i a i it i a l i h warned blackmail lakes Llu ominous Sce Nario seriously he said the first signal would be another suck mar Ket Cash their was a miniature 01 in 111 of Kuboi while the final signal would be calling Cipol ate i he Iii uni be viewed Agama a background of tour lord world a to govern i Lielot bin i Ort ii in and 1 he big l ill Lej sales i Lade and budget he it could be a Luis Tlell Riecl de he in getting so pessimistic the dead weight of but that pessimism is rejected by Keith Vic president of corporate finance for Dominion securities Canadian corporations have reduced their debt Levels since 1981 he adding that businessmen borrow to buy companies Only in the targets Are or if a takeover somehow increases the targets total Canadian business credit Tut billion As 1987 wound to a up from billion in 1982 consumer debt hit while net debt for All Levels of government will top billion in although total corporate debt Alexander talks about debt Levels falling because corporate assets increased faster than corporations owed 15 billion for every Dollar of assets they held in 1977 and the Bank of Canada says the debt ration peaked at in after a wave of takeover activity and dropped below by 1985 figures compiled by the invest ment dealers association of c Ana a indicate corporate to staved Down through 1987 More said Terry Alberta manager Toi the the corporate debt level in the v s last year was 10 per cent higher than Canadas i hat gives Canadian companies a competitive he said Union Leader appeals for government help in Massey closing the Federal government should Force the new owner of the Massey combines to keep the Plant operating despite its record As a Money losing operation Union president Bob White said were going to pressure the government with All the vigor we have to keep tiie Plant intact in Brant White said after a High level Union meeting in no prospective buyer has yet been named by Massey or receiver peat Marwick which has been Given authority to sell masses about 425 people lost their jobs after the corporation was placed in receivership Friday for failing to pay debts of another workers Laid off Over the last two years had recall rights while retirees had pension and health care benefits tied to the the Federal government ended up with a 20percent interest in the corporation after helping to bail out masses operations in located about 110 Kilometres South West of private lenders own another 35 per cent and Varity owns 45 per White believes Ottawa huge in vestment in Massey which helped it to Purchase innovative rotary technology from White farm equip ment should help to ensure that the Plant remains White farm equipment closed in it was also located in Brant when White farm equipment went the government said we dont want that technology to leave the they can pursue a buyer and say they have to stay but Ivan who was Mas Seys president until said the receiver will draw up a list of who will then be presented to the Ontario supreme court for nation i dont think you ran be absolutely definitive about where the technology might who plans to meet the receiver next had no assurances for masses Laid off Many of whom Are Over 50 years old or face interrupted pension fridays bad news left politicians and Union leaders considering the future and wondering if opportunities can be picked from the loss of the which has made a Home in Brantford for More than 100 an important part of Brant Fords history has but the cite must try to turn this negative Mac something mayor Karen George said once we get Over the emotional Hump that goes with something like this As a Community we will come out Ontario treasurer Robert Nixon said Friday the provincial govern ment wont jump in with a bailout plan because past efforts Only inv longed the local new Democrat my Derek Blackburn vowed to fight like hell in Ottawa to ensure any buyers of masses technology keep it in Jim masses Export sales said the company death was ironic since Vich new markets Are opening in masses rotary Combine technology was attractive to French and British banners for its ability to Harvest quickly even in wet fall he asked about his plans now that Hes Haaland said he had no idea what to i have no Emo Nam n easter april free press classified will publish a special easter in memorial anyone wishing to place a memorial message or verse in memory of a lost loved one should Contact Bohonos or Mazur Between 10 and 4 monday to thursday until March the use of a favorite photo can be arranged Telephone 9562330 wats line 18005428900 1 ;