Page 4, The Herald, Friday, January 23, 1901 cr dail vl General Office. 635-6357 Published by Circulation - 635-4357 Starting Publishers Publisher —Garry Husak Editor — Pete Nadeau CLASS. ADS. . TERRACE . 635-4000 CIRCULATION . TERRACE . 435-6257 Published every weekday at 3010 Kalum Street, Terrace, §.C. Authorized as second class mail. Registration number 1201. Postage paid in cash, return postage guaranteed. NOTICE OF COPYRIGHT The Herald retains full. complete and sole copyright in any advertisement produced and-or any editorial or photographic content published in the Herald. Reproduction is nat permiited without the written Go fight yourself It has often been sald that Canada Is the mest over-governed nation In the world and there Is a plethora of evidence to suggest that the proponents of that theory could be right. Considering that we're only slightly over a 100 years old as a nation; that there are a mere 25 miillon of us at best; that we're blessed with a huge land mass; and that those 25 million people are spread over 10 separate entitles? you might have to go along with the theory. The area of the country not- withstanding, since you don’t govern land, you govern people, Canads is a relatively smiail country. Consider, If you will, that for those 25 milllon people, we have the House of Parliament In Ottawa; the Senate In Ottawa (both presumably acting In our best Interests); the 10 separate legistatures for the provinces (again assumed to be doling their best for all); the thousands of city, municipal and town councils across the nation (somewhat more area-orlented but again ostensibly the guardians of the good for thelr own); regional districts, school boards, parks boards and what-have-you. You then begin to get the Idea. And that’s not even counting the bureaucrats, who really run the country. All this leads up to the fact that the federal government yesterday proved the too-much-government theory to be at Indian Affairs Adinister John Munro @nnounced Thursday that the feds have given the Nishga Indians $150,000 to help them fight the provincial government of - B.C. over the Amax mine dumping plans for Alice Arm. To carry the scenario farther, remember that Alice Arm is part of the country, the province and its county, All three have one form of government or another and here, In effect, Is what has happened: The federal government, supposedly representing “us”, has sald “here's $150,000 of your money, take It and use Ii fo fight yourself.through the provincial government.” ‘ The various governments are elected (and well-supplied) to act In the best Interests of the country. If they can't come to a conclusion between them, It Is simply an abdication of that respon- sibility to throw the ball back fo the citizenry that elected them. And, even _ worse, It is an utter waste of huge sums of money, since the provincial government will no doubt ante up at least an equa’ amount to present Its stand. if the federal govarnment, in its questionable wisdom, truly belleves: the Nishgas are right, It should support them through legislation, negotiation with the province, or ‘any of the hundreds of > means avaliable to it. ; , If not, It should then support the province with equal tenacity. . When any government refuses to govern It becomes simply a. helpless lamb, feeding of the teat of ewe and me. That, Mr. Munto, would seem to be the case here. herald \ permission of the Publisher. A | OTTAWA Tempers flare, insult “ a OTTAWA (CP) —— Tempers flared and insults New Thursday as MPs ani senators on the special constitution committee stumbled through a maze of contradictory arguments amendments. Alter more than two months of listening to _ witnesses and debating government = con- stitutional = proposals, MPs were down to their first full day of detailed, clause-by-clause Study of the proposal. But they were hit hit by a blizzard of amendments: to the constitutional resolution from ali three parties and some complained they found if difficult to follow the proceedings. While each opposition amendment will be put to a vote, the Liberal majority on the com- mittee guarantees that only thoze acceptable to the government will pass and be recom- mended to Parllament in its report due Feb. 6. But the Liberals were caught off guard. when Solicitor-General Robert Kaplan, sitting in for ailing Justice Minister Jean Chretien, announced the govern- ment ‘would accept a and aA i) BONING UPON ( QONSTITUTIONAL » REFORM, AL? Ye é s \, FASCIST COUNTRIES / NOPE... IM ‘ CHECKING AIRFARES TO VARIOUS BALMY bumian rights charter. The Conservatives argued against it, saying a peison is defined by the Canada Criminal Code as one whois born and that this could affect Parlia- ment's right to chang abortion jaws. 7 When Liberal Bob Bockstael, MP for the Manitoba riding of St. member for Lincoln, suggested a free vote, that is, a vote not along party lines. But ‘when they returned more ‘than three hours later, all Liberals. voted against - the NDP amendment and the matter was defeated. Later, the Liberals s fly something NDP justice critic Svend Robinson sald is appropriate for a country like Canada with so many im- parllamentary secretary to Chretien and MP for the Ontario ‘riding of Sault Ste. Marie. The Liberals also voted against a can- bined NDP-Con- servative attempt to entrench the‘ right to freedom of information in the constitution, ; despite , the fact 2. "freedom. of information * ‘are far more capable of determining proper rules than judges.” “This is one of the most acrimonious sessions I've seen at this committee,”” NDP con- stitutional critic. Larne Nystrom, MP for Yorkton-Melyille in - . Saskatchewan, -sald- later. “L guess “people are getting tires.” But he said the committee is already ‘to delay the ap pointment of an The 10 aldermen and, the mayor tried for four © hours Tuesday night to choose among five candidates for assessor. Charles Hunt — himself a former alderman — nominated Hunt, Louis Georgopoules, ab- stained on every ballot. Georgopoulos, a property owner, said he wanted to avold the appearance of a conflict o€ interest. FOSTORIA, Ohio (AP) — When Leslie were taken captive in Iran — the couple thought nothing of it. But when their second, daughter was" born Tuesday, only hours after the hostages were réleaaed, both parents calied ita “strange and incredible’ set of . events, New Democratic Boniface, objected to his voted against an NDP considering sitting ex- amendment changing party supporting the amendment that would tra long hours, including - the word “everyone’’'to NDP amendment, have made lawfully weekends, to complete “every person” in a veteran Liberal Bryce obtalned citizenship an its report by the Fed. 6 clause in the proposed Mackasey, Ontario inalienable right, Aeadline. ; . A MANCHESTER, N.H. ] 5 ® Tuesday started sns"s It’s ODD, sn't it? S822 ballots, 21 motions to 9 ° @ whosaid she went for a table, six motions to doctor's exam about adjourn and five fell one vote short of the and Mike Droll’s first a.m. executive sessions — all necded seven votes on child, Dana Ann, was in one meeting — city every ballot. born on Nov. 4, 1970 -- Shortly after she got aldermen have decided The alderman who the day 52 Americans to the physician's office, _ Mrs. Droll beard on the radi that the hostages had been released. That's when the labor pains started, Ten hours later, Angela Renee, was born, 12 days late. . Both mother and daughter were in good conmiltion Wednesda: ST I TEL VASAKE ITS NOT MY FAULT THE LOGGERS SHOULD fo NE veR CUT EM DOWN WHEN THE WIND BLOWS; = = ~ OFTAWA — Whether or not Florida stock analyst Joe Granville’s midnight “‘seil’’ “telephone calls were justified — a oulja board | can forecast stock market moves as well a5 -| ‘any analyst —his action and even more so the market's ‘reaction to It, do make a useful point: Everyone these days Is as jumpy 68 hell. Skittishness about the stock market Is easy to explain. Share values have soared and so must sooner or later slump. But the. market still Is floating along on the euphoria of the -| election of Ronald Reagan. So Investors are jumping about, like acrobats leaping from swing to swing, but In the dark and without a © safety net. The jurnpiness is more general, though. One year, one month, one day, everyone is into gold. Then into silver, until the Hunts overdid Ht. Then Into commodities, like pork bellies and soybeans. Then Into art and *“‘collec- “fibles’’. Last year, and until last week, the - stock market was the place to be, essentially - because everyone already had bean everywhere else. This restless search for a place to hide, and even, if the omens are favorable, to pocket a” profit, has been going on for about five years. The difference, as the Granville incident . showed, Is that the general public Is getting © into the act. Investors who a few years ago contented themselves with accumulating Canada Savings Bonds deducted from their payroll, now are jumping about I!ke market Insiders, reading books like Crisis Investing. and ‘scanning the Financial Advice columns that now run in every large newspaper. ; Until the mid-’60s, $1,000 left In a sock would be worth, at the year’s end, $1,000. Today, lhflation will shrink it to at best $900., not counting the “lost opportunity cost,” In the economists’ [argon, .of slapping the original $1,000 Into a-term deposit at 14 per cent in- terest. Or perhaps gold would be e better Investment. Or real estate. Or stocks. By questing for the best resting place, Canadians are demonstrating that they'd rather fight than shrink. . (A buck saved Is as handy as a buck made. To the consternation of credit card companies “who depend. upon,thelr interes} charges. for... thelr revenues, one-half of North American | subscribers now pay all their bills on time.) At the root of this restlessriess Is the realization which the general public now has come to, that Inflation isn’t an aberration which theright remedies and incantations will cure, but a “condition” ofour capatist system, In the phrase of U.S. economist Robert Heilbroner. No (ess than the poor, Inflation will be with us always. : In a brilliant paper prepared for the Con- ference Goard In Canada, Willlam Mackness, vice-president of the Investment firm Pitfleld, MacKay, Ross, explains what has happened. — - He makes three points. First, we should stop _ searching for scapegoats, because none exist. The popular culprits have been government deficits and the printing of money. But, as Mackness points out, total government . deficits (federal and provincial) are no larger, relatively than during the late ’50s and early ‘605 when Inflation crept along at 2.5 per cent, while the printing presses have slowed to the same pace a8 a decade ago. : Next, we should stop searching for cures, — because none exist. The textbook remedy for Inflation Is an economic recession, because high unemployment lowers the pressure for wage Increases and forces manufacturers and _retallera to cut prices to move thelr goods. ‘But, as the record shows, “recessions have ‘been of Sittle or no benefit in controlling In- _flation.”” Instead, recessions come at a cost In jobs, particularly of the politicians who cause them — Jimmy Carter baling the tatest example, while Britaln’s Margaret Thatcher may turn out to be the next one. Last, and now for the good news, “The North American economy has adapted to sustained rapid inflation with stunning ease and alacrity.” Other than some fixed income pensioners, writes Mackness. few people “have bean serlously disadvantaged.” Indeed, he continues, ‘Although It is not considered In good taste fo admit It, jarge numbers of North - Americans belleve themselves, as Individuals fo have been profiting handily from the new Inflation.” . , From analysis, Meckness moves on fo thesls. On the ona hand, politicians and decision-makers have given up on Inflation: “One hears no more talk of wrestling Inflation fo the ground of similar bravado.” On. the other hand, so has everyone else: “Inflation in North America has become Institutionallzed, and now forms an Integral part of the entire economic and social fabric.” My oulja board tells me Mackness’ forecast ig better than Granville’s. Mind you, he- doesn’t say In which bunk-holes Investors should hide. Ail he says Is the tongterm bonds: _. gre the pits, which we already knew. + ¥ T re soot ‘ ‘ i i