Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 22, 1995, Winnipeg, Manitoba Editor John 6977042 issues Winnipeg free press a 7 january bosons hockey gives better value the nil May be but will Consumers return we decided to go to a bosons game at the University of and found the comparison the nil games suffer Long pauses for to commercials that Stop the action and break the plays the nil players often seem to sleepwalk through the season and dont really get serious until the in con the bosons game was a passionate 60 minutes of this is the Way i remember the old six team nil University level hockey is not Only excellent to its a Fantas tic buy adults children under 12 Are and so is the com pare this to equivalent seats at a jets game that would run Between and last the Gold eyes were a huge Success in Winnipeg because you could take the kids to a game without negotiating a second Mort Gage on your if you were one of those Gold Eye then give the bosons a look there Are six Home games remaining and they Are Lead ing the As for the new Arena or old a lot of Consumers have found a better value for their entertain ment Barry Prentice Winnipeg letters to the editor Rural fans deprived i wish to Register a complaint on behalf of the unfortunates who live in Rural Manitoba and were not Able to watch our Junior hockey team win the world championship my complaint is with the they know very Well that Rural Manitoba does not have Access to Cable they do get was the game carried for All canadians to enjoy Canadian Junior hockey team Well Audrey Olmstead Winnipeg gun Laws impossible task the matter of registering rifles May be a prelude for the govern ment to control the use of such de it appears the government is facing an almost impossible task in devising without Antici Pating what negative effects such regulations might in the Blacka Edwhite world of government there Are too Many Grey areas in any number of locales and environments in Canada where Possession of a weapon is not Only imperative but absolutely essential for if i were a resident of i would not rely on the army or the police or the parliamentarians to protect me or my their pres ence would be but i would certainly equip myself to Deal with the exception that might occur if a curious and dangerous Polar Bear came near my residence or my what about the inuit they re quire rifles to exist in their search for what would happen to an inuit who fell and broke his leg at a time when a Polar Bear entered the scenario and our hero could not operate his but could operate a Rifle for defence of his life without a weapon and without the armed forces at my the Only thing i could contemplate would be to throw a few members of parliament in the path of the Polar Bear to act As a diversion and deter members of parliament must Stop thinking in extremes of Black and White and face the reality of a Multi coloured world filled with situations that cannot be defined by those Blacka Edwhite words in what just might be an irresponsible legislative hug Gunn Winnipeg clients not part of group on you published a letter from Louise Malenfant of parents helping Malenfant commented on Kevin Roll sons 31 article on a pending court i am the lawyer representing the Plain tiffs in that court Malenfant made a number of general assertions concerning the operations of child and family services and the practices of social workers in Deal ing with teenage i do not know if Malenfant assertions Are fair or my clients Are not advancing those allegations in their the free press welcomes letters from letters must be signed and should include a clearly printed address and Telephone names will be published but not All letters maybe edited for style and Short letters Are less Likely to be please address letters to letters to the Winnipeg free 1355 Mountain Winnipeg letters can be sent to our fax number letters May be submitted through the internet at . Letters sent via the internet obviously cannot be but must include Home address and Telephone my clients Are not connected with parents helping my clients Case is not a test Case on behalf of parents helping parents or any other my clients Are not Mak ing the allegations made by Malen my clients Are making specific allegations which Are contained in a statement of claim filed in the court of Queens including the fail ure by Winnipeg child and family services and the Royal Canadian mounted police to make an exculpatory medical report available to the it was not fair for Malen Fant to associate the serious and Broad allegations of her group with the allegations made by my clients in their court Malenfant has stated certain legitimate the judges of the family division of the court of Queens Bench and the at Torney general of Manitoba will want to ensure that child and family services and police departments make timely disclosure of relevant factual information in child Protection proceedings or in criminal proceedings in the courts of this prov Anthony Micah and company cartoon causes outrage it was with outrage that i took note of the cartoon presented on the generalized depiction of right to life people As gun toting grim reapers is and Falls be Neath the dignity of any newspaper to As a person who believes in the right to life of All born and unborn in i take this insult person ally in do All like minded violence of any kind toward any one is abhorrent and should be dealt with in a judicial and just manner through our Legal violence is intolerable and does not solve the underlying we have abortions in can is poverty on the decline it is if those babies had been think of the eco nomic More dollars spent to educate More tax dollars for health the list goes on i be dont if you have a beef or pinpoint the actual person do not be As it will diminish the pub Lic perception of integrity within the Rachael Murray Winnipeg a wealth of attractions i am writing in response to the let Ter City a sorry site for tourists free it is unfortunate that Winni especially our Young do not realize our City has a wealth of tourist we Are very Lucky to have the Forks and the but we also have Many other Sites and our City has an interesting with Many Beautiful buildings re stored and still completely we have the Manitoba museum of Man and one of the top 10 museums in North a plane indoor and outdoor Beautiful seasons that change and the activities that go with a Rich cultural mosaic that enables us to have festivals such As Fol Lorama which i might add brings thousands of people from All Over the the the bombers and Many Large i could go on for Page although we do not have a sky the Taj mahal or the Eiffel Winnipeg does have Many Sites and probably the warmest and most Friendly people of any Large Jiller Vituj Winnipeg by strongly promoting Price the Bank of Canada provides an important underpinning to the value of the Price stability promoted by Gordon Thiessen special to the free press from notes for remarks made thursday by Gordon governor of the Bank of to the Montreal Board of Trade the Economy has moved to the ceiling of its capacity to and ongoing increases in spending have raised the risk of upward pressures on As a the Central Bank has been acting to tighten monetary conditions by pushing up interest in our recovery has been somewhat slower than in the United states and our inflation Outlook has remained highly in these there was not the same need to tighten monetary conditions As Early in interest rate pressures contributed to an increase in our rates in increases but i do not want to leave you with the impression that the interest rate increases in Canada Over the past year were entirely due to developments in the United in Ideal interest rates in Canada would have gone but they would have gone up by less than in the United states to reflect our lower inflation rate and the greater margin of unused production capacity in the Canadian interest rates Here have tended to Rise by More than in the United Why was that it was mainly because there was a great Deal of concern and uncertainty during the year about the fiscal situations of both Federal and provincial governments in Given their past difficulties in meeting deficit reduction political uncertainty related to the september 1994 Quebec provincial election and to the upcoming referendum interacted and added the fiscal when interest rates Are rising generally around the Deb service costs increase and the financial situation worsens for heavily indebted borrowers like our governments in if there is already uncertainty about the will of governments to Deal with their fiscal rising International interest rates will add to the concerns of savers and investors who hold government each time interest rates go potential purchasers of government debt Are Likely to see an increased risk that heavily indebted governments will resort to inflation to ease the Burden of servicing their debts and that persistent depreciation of the currency will there Are lots of places where Canadian and foreign savers and investors can invest their and they have been willing to invest in Canada Only at substantially higher interest rates that include increased premiums to compensate for these in other concerns about the fiscal situation can raise questions about the ability of monetary policy to deliver monetary such concerns have not Only undermined the Confidence that savers and investors need if they Are going to accept smaller interest rate increases in Canada than in the United states they have in fact contributed to larger rate increases in to understand How the Canadian Economy has been Able to Cope with these higher interest it is important to recognize that monetary policy works through the Exchange rate As Well As through interest in the Impact on the Economy of the higher interest rates was offset to a Large extent by the decline in the Canadian the pressures on our interest rates from actions to tighten the stance of their monetary policy and the increased risk premiums because of fiscal concerns did not prevent the continued expansion of the Canadian Economy along a path that was consistent with the Bank of Canadas inflation control although the economic outcome of the past year was generally this combination of High interest rates and a weak Canadian Dollar is by no Means Ideal for the Canadian Economy Over the High rates will have the effect of discouraging future investment that can contribute to improving productivity and rising they also add to Deb service costs for All but particularly for Given the size of their the decline in the Canadian Dollar also involves it raises consumer prices and thereby effectively Lowers the Standard of living of Canadian Exchange rate depreciation also carries the risk of encouraging upward pressure on inflation if households then seek compensating increases in their a temporarily weak currency can distort decisions by As it did in the mid1980s in and when the currency these businesses Are often unable to while a currency decline is sometimes helpful to an Economy when it has to adjust to difficult it is for the reasons i have just a costless Miracle there is a commonly held View that the Bank of Canada has the capacity to set interest rates in Canada at whatever level it so Why has the Bank not used this capacity to counter these unwanted pressures on our interest rates in financial markets the reality that the Bank of Canada cannot arbitrarily set interest we have an important influence on very Short term Money Market interest but our influence beyond that on other Short term rates and out to longer term rates is it depends on How savers and investors see our actions affecting inflation and the external value of the Canadian if the Bank is seen As encouraging inflation and an associated downward trend in the value of the Canadian the result will be higher interest that is Why the proposals that you sometimes hear for the Bank to push Down interest rates and stimulate the Economy still further so As to help government solve its budget problems would not actions by the Bank to Force interest rates lower would require us to pump More liquidity into the financial such actions would raise worries about inflation and a declining trend in the Canadian this is a recipe not for Low interest rates but for higher and for More pressure on government Deb service costs and by strongly promoting Price the Bank of Canada provides an important underpinning to the expected future value of the Dollar and thus to lower interest rates than would otherwise be the Globe and recovery being Cut Short interest rate hike wiped out deficit reduction gain by Basil Buzz Hargrove special to the free press on a single Day last Paul Martins deficit target receded another billion into the that How much it will Cost the Federal government in the second year of Martins upcoming if the 97 basis Point Rise in interest rates that occurred on 17 is if the increase Sticks Long enough to affect the governments various Short and Lon term then the annual Cost to taxpayers of 17 could be billion or especially once the negative impacts of High rates on economic growth Are Martin wants to reduce the deficit to three per cent of Gap or about billion by but the More he readies major cuts in government the More financial markets move the goal bitter Cut to put this in recall that the Centrepiece of Martins budget last year was a bitter cutback to the unemployment insurance than any cuts his tory predecessors had dared to by reducing benefits and tightening eligibility Martin boasted a annual Martin squeezed this billion from some of Canadas neediest largely thanks to his almost half of unemployed canadians Are now Cut off from i and tremendous hardship has been wrought on families and communities still reeling from the this year round human suffering was justified in the name of deficit yet All of this saving was wiped out in a single Day on the government will now pay every cent of and to bondholders and most of whom Are very Well Many of whom Are financial pundits claim that High interest rates Are a natural and fair penalty for our past this is like saying that open doubled Oil prices in 1979 because they were worried about the worlds bad Energy or that the Price of housing doubled in Toronto in the late 1980s because residents were wasting space in their rumpus in Canadas falling and the interest rate increases it has Are caused by one Factor Only the greed of wealthy owners operating within a fantastically unstable financial these speculators Are surfing the Waves of the aftershocks that have accompanied the doubling of interest rates last by picking on vulnerable buying highly leveraged Short and then recycling literally hundreds of billions of dollars per Day through foreign Exchange markets to alter Exchange bondholders and investors make billions in profit out of the economic hardship of countries like any currency that does not have the luxury of Reserve status such As the yen or the Dollar is sure to be to be Canadas debt crisis has made us More but there is absolutely no guarantee that cutting the even a no vote in the Quebec referendum bring us lower interest Many countries with much smaller deficits or debt loads such As and now even Hong Kong have been hit just As hard by these speculative canadians would do Well to remember the real lesson of Mexico that government also tried to buy off financial markets with free and a budget surplus of which caused massive social Mexico was still hammered the moment there was Money to be made off the pesos in the economic evidence clearly suggests that High interest rates caused Canadas not the other Way by throwing the Economy into semipermanent High rates have undermined tax Revenue and escalated spending on i and and by directly increasing the governments own interest High rates set off a debt spiral that is almost impossible to Paul Martin has pledged that his deficit target will be come hell or High but there is no Siope that it can survive this tidal wave of financial debt crisis somebody has to say that the emperor has no the present financial system is irrational and it is cutting Short our badly needed making it impossible to solve the debt crisis that was set in motion in the first place by High interest canadians will not tolerate the suffering implied by proposed cutbacks or tax increases when All they succeed in accomplishing is a huge Transfer of wealth toward powerful financial we need a whole new economic strategy in this that emphasizes reasonable interest rates and real economic for the Good of both Canadian households and the Public Paul Martin has to give up trying to outrun the financial markets it is time we started thinking about How to change Basi Buzz Hargrove is president of the Canadian Auto workers ;