: Paige-A6, ‘Augast 15, 1979 -

Ten. days o on the beach — soaking: up the sun. of
this glorious August, cooling off every hour or so

worshippers _—._. do.
newspaperman’s S- “vision.

ae ns Shote News .

boy’s angle | on the recession —

—in~the-sea, ~ rock-scrambling, ‘reading, -dozing, . a
Picnicking and i relaxed gossip: with fellow | sun-*
strange...

things. a.
- Matters. of. oom. and

doom grow steadily more blurred and indistinct.

- Happy thoughts. and Prospects | ‘come ‘into. sharp,-.

clear focus. Maybe we’ ve_be been giving you the
wrong angle on life all along" ;

Maybe (sobering thought) one of the answers to
the world’s problems is simply to insist on more
frequent holidays for its news teporters and.

editors!”

By way of making per-
sonal amends I’m happy to
return from my own. brief
vacation. with cheering news

recession this fall ever since
the beginning of the year and.
have -been promoting. it
diligently for the~past eight

about. the forthcoming months. They've also made_
recession, which is ap- it clear that they don’t plan.
parently due to begin any— for it to go on too long -- just

moment. —

For--the benefit ‘of those
who haven't read,;--during
recent months, -about the
forthcoming recession the
first thing to be clear about is
thatit isn't our -recession’ at
all. It’s “an American
recession. The Yanks are
entirely to blame for it, and
that’s a very encouraging
factor right from the start.

~ CHUMMY

Our U.S. cousins have
been determined to have a

‘Mall ba

speculated it may well be
' because of the edse with

FROM PAGE A1

The same trust company
branch was robbed of
$13,000 June 1. And it was
outside that building that_

- police noticed two men

acting suspiciously July 13
and found one of them to be
armed with a .357 Magnum
and a .32 Baretta.

Police had been Keeping
the area under surveillance
because of the frequency of
robberies there.

One of the man was jailed
Friday (see story on page
A2) and West Vancouver
Police were still in-
vestigating his activities to
determine whether to lay
charges against him for three
robberies of banks in Park
Royal and Capilano Malls
during June, even as the
latest Canada Trust robbery
occurred.

AS“O~Just ~whyfinaneiate =
institutions-in.: North Shore. ..

shopping malls should be
such prime targets for bank
robberies, a spokesman with
West Vancouver's Criminal
Investigation Department

long enough to smarten up
everyone south of the border

and make them thankful for —

the arrival of next Easter..

~

‘Left to her’ own devices,

Canada had no plans of: her.

own for recession-this- year:

But since our close friends to -

the south have decided to
have one, the only chummy
thing to do is share it with
them. A fefusal to do so
would be considered the
height of badtaste. 7%

_ _In any case, according toa -

recent article in The

-

Financial Post by Catherine
Harris, this year's recession
is unlikely to cause most of
us much discomfort. For

epee?

Prove quite: a tonic. a

The days when the UW. 3

_ sneezed | and Canada
promptly caught double
pneumonia are, it~ seems,

-long past. If The Post is
correct, ‘the worst -we're
likely to suffer between now
and next spring are a few
minor'sniffles. —-

4

The
out

For starters,
article’ points

Post
that .

' recessions, nowadays, are no

~“eycle-

big thing, anyhow. They're
normal part of the business
C the. coming one
being the third i in the past 10..
“years.

average weekly wages have
‘been lagging behind
_flation, but they've been
creeping up recently and
should start to exceed in-
flation within the next two Or
three months." om

in-|

‘Businesses - distributifig and
selling goods seem to fare
better ‘than.__companies
“taking . goods. In the last
(1974-75) -recession, notes
The Financial Post,. 137,000 -
jobs -were— tost in”

‘BETTER OFF

ceric

——* People who have a job

with the right type of em-
ployer -- about 90 per cent of .

_ the work force -- probably.

won't notice anything is
happening at all, prophesies
Miss Harris, especially if
they ignore the news media.

On the contrary, some of: also

them may even
themsevles better off.

find.

- “When company sales.slow
down, competition _in-

creases. Because_there’s less._
‘demand for both goods and.

money, inflation is reduced
and_ interest rates are
lowered. Paradoxically, that
provides more spendable
cash and credit for secure
wage-carners ... which

immediately - gives” “you” the.

clue to how recessions. end.

‘People. _eventually spend
themselyes out of .
recession. "~~ {©

——
This time there’s likely to
be an added boost to the

The result, “yegardless of
-the-recession, will be more
~spendable © money in the
average consumer's pocket,

_ promising an ‘upturn again ~

_ fairly. soon in sales and --
bingo! -,the end of the
slowdown. ;

‘Reduced inflation’:
lower interest rates should
encourage those

businesses whose sales hold:

- up reasonably well to invest
in capital.expansion for the
.. happy days that should’soon

(according to The Financial.

_ Post) be here again.

If you’ré presently

_ unemployed, or if your job is ~

-im one of the more
“vulnerable” industries
“(certain types of
manufacturing and com-

panies heavily dependent on
exports), the recession
outlook . admittedly isn’t
quite so rosy: In the latter
case you may be laid off.
And in any Case job-hunting
is going to be even tougher
force time than i itis today.

process of spending our-—+——=~
selves out of the :1979-80
recession. Since ldte. 1977. .

which robbers can get lost

among shopping crowds
afteraholdup._. oo,
“I don't think there's

anything special about it,”
he said. “They just weigh up
their chances and make their
move. A guy who holds up a

CLOSED SIGN tells all.

loan bank in open country
where he can pet chased
would be a fool.”

The spokesman added as a
light-hearted aside: “It gets a
little annoying when it's the
same | damn bank all the
time.’ .

In Tuesday's holdup the
men walked into the bank
from the south entrance.
The man with the motor-
cycle helmet was holding an
automatic rifle, possibly a
sawn-off, and told
everybody “Don't move”.

He motioned with his rifle
on an up and down
movement for people to go
onto the floor and = as
customers and staff kneeled
down, his accomplice,
carrying a semi-automatic
pistol, rifled through fhree
cash drawers, — stuffing

; money? into a bag.

Re

2h

Lae cetacean

“They- ‘bottr left the trust--~

company through the cast
exit into the mall and police
say that several shoppers saw
them leaving.

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They are ‘appealing to

anyone with information of

‘the incident to contact either

Detective John Louije or.
Brian Schierer.

Both men are aged bet-
ween 20 and 25. One of them.
is 5 ft. 9 in. to 6 ft. tall,
weighs about 170 Ibs., slim
build, has dark hair and a
well trimmed dark
moustache. He was wearing a

— One possibite solution:
change your type of work.

dark bomber jacket and
dark pants and a white open
faced motorcyle helmet with
‘a brownish tinged faceshield
pulled down.

The other man is 5 ft. 4 in.
to 5 ft. 7 in. tall, of stocky
build with dark brown hair,
wearing a light _.muystard
coloured bomber jacket,
dark pants and had a scarf

around his face. *

and |

manufacturing,—but the

‘wholesale and retail trade __
actually added 86, 000 new.
jobs.

If that.doesn’t work, The
Post: Suggests one remaining

_ consolation for the jobless 9-

10 per cent.

They « can ‘still help fight
the ‘recession by spending
their UIC” cheques.
“Pumping money into the
economy’’__it’s _ called.
Unemployed persons who
-refuse- to spend: .their UIC
payments and stuff them,

- instead, into piggy banks are

guilty of

behavior.~

anti- “social

All in all, therefore, the
coming recession looks like
being a “fun” experience for
almost everyone concerned.

_ The. same - undoubtedly
applies. to the energy crisis,
rising crime, leaking nuclear

reactors and’a whole host-of =~

other staple iteéms. in’ the
daily diet of the news media.

Good news, after all, is
simply a matter of looking at
these things from the right ‘

. angle.

For example, from a towel
spread on; a sun-drenched
beach during one “of the
finest summers | in years.

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