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‘Savings hurt

VANCOUVER (CP) — Canadians are depositing their

money in banks at a faster. rate than ever before even

though there are a myriad of bargains to be had in the ©

stores,

About $3 billion will be pumped into the economy Nov.'1 as the federal government pays out on Canada Savings. ‘Bonds. Just the formula for a consumer binge, right?

Wrong. The long sotight-after upturn.in consumer sales - which would help lead Candda out jaf the recession isn't méterializing, industry executives and. dnalysts say.

And few expect any sialfigant RR Hing i in sales before the.end of the year, compra Wabi 2.

Tough economic times are prompting Canadians to hang on to their money, say several bankers. ;

‘People apparently have beenidfrafc-to spend as part of the psychology of the recession;?’:. said. one banker who asked not to be identified. =

A quarterly Teport from the Toronto Dominion Bank said

e eee ‘sqving inthe first Apacter ; at 1982" wast

F etnar 8 abairéexdl yhigh by’ ‘previous standards, ih said ‘Alix Granger. of investment dealer Brink Hudson -Lefever.

In 1971 the consumer savings rat was about six per cent . ‘of gross income.

Said Granger: “‘It’s grasping fot straws if you éxpect___ consumers to start spending to pylll,usjout of the recession.”

She said that rather. thanspeading. money on consumer. items, people are using theirtsavings to pay mortgage debt.

“I just don’t see the psychology-of (a massive boost in) - consumer spending. pulling us but of the #ecession,” added Granger. .

: Alasdair ‘McKichan, president: of the Retall Councit ‘of. Canada, said from Toronto that consumers are making a lot of “purchase deferrals.”

And the estimated §3 billion that will flow Into consumer pockets Later this year from the $25 billion in outstanding

. Canada Savings Bonds ign’t expected to have much effect

on consumer spending either.

Said Ralph Huband, corporate secretary and vice- president of Hudson's Bay Co. Ltd. of Winnipeg: “We're not counting on a huge stimulus to sales fromthe cash coming ; out of Canada Savings Bonds.

“The government will require all that (CSB) cash, and mare, to finance ’its debt,” added Huband.

The federal’ government debt is projected at close to. $20 billion this fiseal year.

“It's hard to, be optimistic in the present environment,”

added Huband: ‘You've just got to have faith. . there really dg no evidence of a turnaround now. It'll come someday. .

_ we'll just have to wait.” . ~ Granger said that as long as interest rates remain, high _

consumers will préfer to invest their money ‘to benefit from the high returns.

’ “The spread (difference} between interest rates here and in oe 5S. still makes itattractiveto invest. in Canada,” she sai

Las| week, U. 5, 90-day Treasury Bills were a little under -

nine per cent while Canada's rate was still just below 15 per

cent. Although rates are changing, the difference still is - ;

large between the two countries. “That Canada’s interest rates are still so high compared

to the U.S. is a reflection of the complete bankeruptey of the -

economic policy of this government,” declared Granger. “Rates are being kept high to prop up the Canadian doliar."’

“I've only got two pairs of hands,

, you know!*’

* a t a ems ' 4 . t

| er ° » 625-4900 a i

Don Schaffer

“-goRoNTo 4eP) — White thousands of nah ‘neatally: or. “physically. handicapped, elderly and ae terminally, it people “in North America arg being. - “Killed | or ‘allowed ~ td., dle,”: Weatern...soclety un~’ pods, “Ne

‘of Mental Retardation, the deaths are tantamount to - People ard not conscious of them."

“He sald thousands of people have died in prisons

and mental institutions from massive doses of mind-

-* “altering drugs and thousands more have died because a life-saving. treatment or.medicirie was withheld:

He also eaid that in many North American cities’ it's ,

dangerous to admit a mentally retarded person over : “the age of 60 to.a general ‘hospital because the. ~ chances are he won't come out alive.

Sone Meaths i in institutions are ‘“‘not accidents,” he’

said. . _ “In rainy cases the deaths required professional expertise — knowing which drug to adniinister, which hose to cut,’ He said @ report in the New England Jourtal of “1. Medicine aaid 14 per centof infants born with a defect during 9 2-year ‘period al Yale-New Haven Hospital, died because treatment was withheld. - If the family wants to ensure such. a person’s

G enocide is disguised — .

to “Wolfeenberger, a. professor at Syracuse sae Bald many-others die: from

York because ‘of the way zociety: treats, ‘them.’

“os Dr, Walt? Wollsenbergér anid “Sunday ‘duping the. os - first’ day of a five-day Global Congress on the Future -

.low exteom.

_ Second World "edn the genocide of Polish Jews,

ty they havea relativeor nuregon hour ap. - TE million ‘from $5.5 million a. year éarller,.

"ff. bloodletting of management left some investors ‘unbeet 7 about. the company's ability: to escape its ills, - i~ Bot today Banister’s books. are hack i int the black and the, “eompany haw a sew-lease on life.”

guard, he said. indirect: causes, mainly

- Former mental patients who are ‘abandoned are pi So to. die or. wind up in prison, he sald,’ : = ‘ Others indirectly pushed: over! the edge’ include JOP

" genoelde and infanticide but are “5 gue most. ‘EAST Parente of handicapped adult’ children, he .

sald, citing a case in which parents in- thelr 80s killed

- a handicapped middle-tged child and then committed

suicide. .. ; -_ ; Wolfsenherger said there. has heen no ery “of ° outrage from the public because our society ‘un- consciously madones the deaths of people it holds In

"Materialism has replaced spiritual values, he said,

- In addition, there ig a widespread belief that selence -

and medicine can eliminate suffering and hardship; . those who suffer would be. better off dead. . \ He said we hide ourselves from the fact that human beings are being killed by calling them vegetables or fetuses,

And hard evidence of such deaths is nat always

available.

Wolfsenberger, born in Germany: in 196, said

Americans refused to believe. reports during the

. “If Germany had won the war, we'd never have

seen the evidence."

a

i

- Soviets seek. comosnaut cook —

MOSCOW (AP) — When Svetlana Savitskaya floated Into

. the orbiting Soviet space station, the pilot handed her an apron, pointed toward the galley and said: “Mow you ean:

cook.””

Although made in jest, pilot Valentin Lebedev’ § remark to the second woman to fly in space reflected a deeply rooted viewpoint held by Russian men — that wives belong: in the kitchen, not the cosmos...

Cosmonaut Savitskaya and ‘her sisters make up 51 per cént of the Soviet work force, but -Lenin! 8--promise of

liberation from ‘domestic slavery" is still a dream for

most of them.

While the 34-year-old Savitskaya spun ‘around the globe. Sunday aboard the-Salytt-7 space station, most of. her female comrades. back home were busy cooking; clearing and laundering their husbands" clothes,

‘For the husbands, it was a-day of rest from the rigors of. work, often with the aid of a bottle of vodka. For the wives,

it. was a day to catch up on household chores neglected all -. week while they worked at jobs outside the home,

“The chief thing is to get women to take part in socially productive Jabor,"’ wrote Lenin, the founder of the Soviet Union, “to liberate them from domestic slavery, to free them from their stupefylng and humiliating subjugation to thé Sterna} drudgery Orme’ KItPh eH "tind ‘the watery" '

The: Soviet ‘constltuti¢n igilurémtées women ‘edubl righte: .

with ‘men and equal pay for equal work. Offictal statistics ‘show. “socially Prot

Beirut Christ

: BEIRUT (AP)

— ‘Beirut’s Christians gtieved ‘for their dead and planned for new beginnings on the second day of the Palestinian evacuation. The Palestinians also looked

forward to. new beginnings, to a rebuilding of their

movement,

Rev. Louis Ephram preached forgiveness to his Maronite’ congregation al Si. Nohra’ S Church in Christian East Beirut.

“Jesus Christ taught his disciples to love each other and their enemies," he teld them at mass Sunday .morning.

Outside the sun-bleached church, his parishioners quietly spoke of their hatred for the Palestinians and their hopes for a more peaceful ‘Tuture.

: Three kilomeires away, in the streets of Moslem West ‘Beirut, -young Palestinian - Ruerrillas in a variety of uniforms fired their automatic yifles and pistols into the air and vowed to carry on their fight from their new homes in

rather Arab countries, .

"It's not defeat,‘ insisted Ali Taha, a 18-year-old. PLO squad leader. “‘As guerrillas,-we can fight from anywhere, ,

“When we gel to Tunisia, I expect we'll have a training camp and we'll carry out: attacks in the Israeli-orcupied territories, especially against Arabs who collaborate with Israel.” :

Lebanon's Christians, who fought a civil war in 1975-76 i in

an attempt to expel the Palestine Liberation Organization: and its 8 guerritlas from Lebanon, regard the evacuation of

labor” in the form of full-time .

jobs have been found for 86 of every 100 women capable of working. ‘

Women make up 51 per cent of the work force, one-fourth

_ of the Communist party membership and one-third of the

national parliament. As is many Women as men can be seen on the scaffolds on Soviel construction projects, and women hold dangerous factory jobs.

But (neither Lenin's ideals nor the guarantees of the

constitution have eradicated centuries of tradition. The -

Soviet husband remains king in his home, and his wife’ 3 place is in the kitchen. le

Articles in the central Soviet. press and in. specialized journals complain ‘that, women who’ go into the work force ‘double thelr work load: Privately women complain that

. their lives ave a series of days at the factory followed

frequently. by abuse, physical or mental, from a husband who spends his after-work hours in an alcoholic haze.

. The first woman to fly in space, Valentina Tereshkov; circled the-giobe 48 times in three days with cosmonaut Valery Bykovsky in 1963. She was rewarded with a ‘seat on the Communist party’s powerful.Central Committee and the chairmanship of the Soviet Women's Committee.

But during to New York in 1977, Tereshkova side-slepped

_ & reporter's question about the rele of women in Soviet

society. She said Russian women don't need feminist ality is “part o of the state

orgal ventions. hau aerual equ

He bl pid oh ace “wot eid is Wahi atevery “She” fe *eorideded” ‘that - ft Rak" sein® fala Ne THe -

husbands to share the holisework..

jans. forgive

the guerrillas asa major achievement, a “step. ‘toward an

vend to the wars,” in the words of ‘dpyear-old Father -: Ephram. « :

“The people arehappy the country i is being relieved of the,

; PLO," said the stubbly-hearded priest as he sat<on. the

broad portico of his church.

“This Is the greatest thing the laraelis could have done for: us, to get rid of the PLO,” sald newsdealer Philip Zamlouti, 60, at his stand across the tiny church square where half a dozen rockets or artillery. Shells have fallen in the last 2% . months. -

“Now maybe we will have peace,” added Sonia Bikhazi,.

39,

The area, in the Furn Lel Chebbak district along the Green Line separating East and West’ Beirut, bustled with churchgoers in their Sunday. best.”

“You know, a week ago you would not have found anyone

_ here," said Ernest -Cotone,.a 47-year-old construction

worker. “We were all in our shelters.” ts. ‘ Ephram said 800 of his 20,000 parishioners were killed .

during or since the elvil war. Five. of them died during the

Israeli: siege of West Beirut, when artillery and rocket. fire”

~ erisserossed the Green: Line,

Inthe shade of a: hotel patio in West Beirut, the young

" guerrilla Taha also reflected on the dead, *

“In my ‘squad of 15, three were killed and five were

‘wounded by Israeli phosphorous bombs, some of them maimed, he said. ;

‘Mexico has. requested. loans

YORK { Reuter) —At steering committee of officials from...

Anternational bariké, which met this weekend on Mexico's | worst financial crisis in memory, is likely to give.a sym: pathetic response toa ‘Mexican request for up to $1 Dillion in

loans. ; . While Mexico has not been given the final word, banking ~

sources said a number of large banks have indicated their

‘willingness to participate’ In the venture.

-Mexican Finance Minister Jesus Silva Herrog requested

' the loans Friday from representatives of 115 bank creditors [| from the United States, Canada, Europe and Japan meeting |. atthe Federal Reserve Bank of New York. At the session; ©

the banks agreed to allow Mexico to delay for.90 days —

7 repayments on about $10billion In debt. Mexico also told the - banks it. will soon present a program, aired at al refinancing. . some of its: ‘public. debt: Oey : ‘

: Babies sold?

. MARIETTA, Ga. (AP) — An organization that brings -

‘adopted children from India to homes in the United States _

has been ruined and may have to halt ils service because of |

a London newspaper's report that children were bold, one of. the Broup’ 3 founders says, —- tog

Jody Darraghof Americans for International ‘Aid sald ¢ an:

article in the newspaper, The Mail on Sunday, falsely ac-. cused her ler group of selling infants to uv. 5. families for $3,480 2 a each:. ; . Teel lee ™

fo, a

The | weekend steering committee ‘meeting, held at

Citibank's offices here, considered all aspects of Mexico's. . financial crisis, including the new loans, the bankers said... Mexiea’s foreign debt ‘totals about $80 billion. Of this,

~ close to $0billion is owed to international banks and about ’

$22 billion to U.S; banks. Bankers estimate: ‘that the nine.

. . largest U.S banks are owed close to $12 billion by Mexico. ;

- Aside from the bankers’ ‘action, Mexico expects to tecelve’ $45 billion of credits from the International Monetary Fund:

by October; $1.5 billion in loans from foreign central banks,”

up to $1 billion in credits from the U. S.. Commodity Credit:

” Corp, and: $1 billion from the U. s. government in advance :

- payments for Mexlcan-oil. .

:Mexleo has borrowed heavily from inieriational banks ing: - recent Years as It embarked on an ‘ambitlous inyestment* i _, Program. “Which it planned to finance: ‘mainly. through Hts “ee oll reserves. we

“But high interest. rates and the ‘yecession. in the United

. States, coupled with the'decline in world oil dentand and. prices, drove Mexico into a serious cash shortage. It-has-.

also been hurt by falling world prices for some of its other major exports, including coffee, silver and copper.

'; Most of the current hegotiations are aimed: at supplying . ‘Mexico with ‘cash to buy imports and pay interest on.its _ debts until it comiptetes talke with the IMF for $3.7 billion in. \ long-term credits and about $800: rnillion’ in. additional - " financing. An TMF’ ‘team in Mexico City, negotiating the :

agreement, most likely..will demand Mexico revamp its: valde including a reduction in publie spending and food subsidies.( ¢

Pan

| gpMonron (CP) ‘Edman ‘tinental Lid. plagued by problems with two Il-fated, multi-milllon-ddliar “pipeline contracts in’ the. United States... . Its net.1oas in its last fiscal year had escalated. to’ $145 |

- were serious but not insurmountable.

_ entered into arbitration wi

Banister’ 5 back

on-Based: Banister ‘Con- as a cash-staryed company last year,

* Ofia

a vi

It wasn'ta miracle that saved the firm, lt

and the resolution of.one of the éontract disputes. '

- Harold Banister, 31, vice- preaident of corporate planning 7 : “and business development and son of company founder and

chairmian Ronald Banister, says the company’s problems

ny

“Internally I don't think we really felt the same kinds of

analeties thatother people felt. We had alot more, strbngths .

than weaknesses.” He said at the heart of the company 's financial problems

; was $50 million in U.S; funds in outstanding claims.

In 1978, Banister started work on 9t-kilometres of- pipeline in Louisiana for the U.S. Energy Department.’ - - \But the department failed to secure ‘rights of way,

. preventing Banister from completing the:work. ° Banister, out $13.5 million in extra costs and lost profits, . the department, ‘seeking $20.

- million in order to help protect any ultimate award agains! _ inflation.

Earlier thig year, Banister was awarded the $13. 5 rnillion

but accepted $12.5 million rather. than face. the: delay of

appeals. . “~The second claim, in which Banister is seeking about $30 -.

“million, centres on constriction of 179 kilometres of the - prebuild section of the western leg of the Alaska. Highway gas pipellne in Oregon in 1981, +

Banister has since pulled out of the U.S. and has disposed of most of its equipment. But the company will “probably go back into the U.S. at some point in time,” he said.

The disposal of some surplus U.S. asseta was just one avent whieh Inéreased working capital to 7 million in fiscal 1992 from a $590,000 deficit in 1981.: - Another was the sale of one million treastiny shares to Calgary-based Trimac Lid. at $7.50 each.

Banister sald the decision té sell the treasury shares and perhaps surrender control.of the firm to Trimac -was

sparked by his father’s desire to divest himself. of: the |

company he founded in the late 19406 and to retire in. the Bahamas,

With an Infusion of ni new ‘cach, Banister has seen a 48 million swing in net income in the last year without any ‘major layoffs or drastic reduction in productive assets.

Chaltman Ronald Banister-said in: the cormpany's 1982 -

annual report:.“Piscal 1982 has been one of the most ‘uc: cessful and financially rewarding years in some time, We are confident Banister is back on track. wo

-Cast-offs sold:

TORONTO (CP) — Because of current economic. con-

_ ditions, people are selling their cast-offs at garage. ‘pales ;

ain -

‘ was. dus to". " injection of’ cash. from’ the ‘sale of treasury shares and. ‘gurplus assets, a “back-+o-hasics” management approach -

instead of donating them to the needy, say spokesmen for |

three major charities. .

“rth Saliba,” HA” Service : ul Society, all faP aE th ta oko tno dale ano ae cent. . With the economy in decline, people are either - holding

ay

onto clothing and furniture or finding ways for making | extra money from the household discards -—- * the most

popular being garage sales. The situation Is making it difticult for the charitles to stock their stores.

-’ “Not: only are the quantity of donations down, but. ‘the:

quality is also down,"’. eald Salvation Army Sales director Art Frank. ,

Donated furniture and appliances often require extensive ,

_ ‘Fepairs, Frank said, and trips to the dump with “completely useless”, goods from donation boxes have increased, .— - Goodwill, for the first time in its history, has had to buy newspaper advertising space to solicit: donations, said community relations director Raymond Byrnes, . “We don't ask people for anything that it would hurt them to give, but for things they don’t need,” Byrnes said.

Goodwill donations also provide the raw materials for

vocational training of the handicapped, who repair the |

goods offered for sale in theorganlzation’ '8 16 retail stores in Toronto. |

the. st. |

gn emt ET OTST

“Don't dump. it — donate it,’ Byrnes said. “Disabied |

people depend on ‘it,’

_ Requests for food, clothing and furniture vouchers have almost doubled in the last year, said. Mary - ‘Clarke, secretary of ‘the St. Vincent , De Paul Sosiety, ‘Which operates six stores.

She said. requests now are not only from tranalents and families on social assistance, but from pensioners and those ‘awaiting thelr first unemployment cheques,”

But while used furniture and clothing is in short. su supply, :

.deniand for the items is almost Insatiable. -

’ Frank said people now tend:to phone the Salvation Array

. Btores before visiting tosave transportation costs and avoid _the discouragement of coming away empty-handed: There Bite 15 i Salvation Army: stores a In the. city. -

Defector worried

An Iranian wrestler seeking refuges status who claims his life is in danger.from agents of: the’

CALGARY (CP) —

Ayatollah Khomeini, has left for. Montreal fo await: the

‘outcome of his bid to stay in Canada, ety

Seyyed Jabbar Mehdiyoun, 2%, has been hiding in Calgary

since he defected. from the Iranian team during the, world

‘amateur frecatyle wreatling championships in Edmanton 10 _ daya. ago.

His. whereabouts h had heen ‘kept. secret from media and .

‘police. in what, his 1 er: Kathryn Barnard of. Ottawa, _Geseribed & awe i

_expostig his crimes. to apt IE) cx

pear . e

“We Imow Khomeini - has. ordered his - ‘(Mehdiyoun')

_ exeeution," a representailve of the. Mdslem ‘students society, which has sheltered the iranian tince his defection,

said, ~ >The representative, Mohamad — he would only, give hit

. first ame — ~ sald the wreatler fears for the safety of. hils,,

“sullen fra is the al af tran. ¥ sehen haps