Comitier
‘Canada:

self-sufficiency: and ©

tax x brackets. ;

a

The “pan ‘said in-
that: the decline in the

United States real GNP. level:
second quarter.
the =

in the
“probably signals .
beginning of the long-
expected U.S. recession”,
although the period of

adjustment may be neither.

as severe nor as prolonged s as
in 1974-75.

y :
fledged . ‘recession. in. 1980.°°
- because of its'level of energy
the.
indexing of personal income *

assessment °

Beas

its
Leading Indicator newsletter.

a: da from a:slowing U.S.

ys economy. cannot, ‘of course,

ec avoided. .

both cur
‘of the U.S.
economic situation and the

“However,

. Outlook ‘for increased. levels ~

of capital spending in.

‘Canada, particularly with .

respect to energy resource
development, suggest that
Canada will be able to avoid

‘a full-fledged recession in

1980. ".
The. bank. also said the

-. stabilizing effect on con-

sumer spending of indexed
personal income tax
brackets and exemptions for

_ inflation “may allow us to

Fee capa amperes iota ob eT CAE AA ENN POAT HD DSL ETP BETS ECAC EISELE AT eC TR FOCAL ETAL TD LION OEE ALLIEN EA SS OMMAE A Pg NL TEER OL nner:

“Ss sme negative: effect: on:

eo

regulation-.

avoid’ an: ‘actual decline in|

“the level of. overall economic

activity: next year.”

The ‘newsletter said the
_ leading: indicator -was_vir-

* tually unchanged for May,
with . four of the eight.

components increased, three
in decline and one Virtually
unchanged.

Stock prices
sharply during the month,

despite an apparent high

level of uncertainty about
the short-term’ economic
outlook. New manufacturing
orders increased. Hours
worked in manufacturing
also rosé, the newsletter
said.

ae Which brings us around t to

~ the point ‘of today’s diatribe,’
©, to. wit: ‘Deregulation can go
“* too far. The Beautiful’ Bee -
. Cee example i is not pertinent:
= because. it’ was a: silly.
re legislative . accident: — but’
2. the ‘point: should. not be lost...

‘abolition of. all taxes.: It can’ ¢.
' -be’. done...
regulations are in’ place for:
perfectly. good
‘reasons. And doing away —

with: them - _ for the. ‘sheer. ;

government

iss absolutely...
: “necessary, “and ‘in many ‘and -
: Ids. ‘Some: ‘Of it is.

some.

increased |

the airlines ; are. hollering | that

: deregulation thas already —
r. And” the

- biggest: on before the *
‘Program got underway. ~The.

thing could “happen -

here. Those who cry. for.
_ deregulation. now. could find
themselves: on’ the’ “opposite
. Side of the argument given

too much of it.

Besides, some

building permits -was offset
“by a very substantial in-
crease in the related price
factor.”

The bank said that in light

of “the relatively robust”

strength of corporate profits
during the second quarter,
some increase in the pace of
non-residential construction
appears likely toward the
etid-of the yeaf.

If the federal government
implements its proposed
mortgage interest deduc-
tibility plan, the bank said a
modest acceleration could

.. be expected in the level of

residential construction.

yr

For niany deregulationhas 7
become almost a knee-jerk ~

However, : the newsletter .
‘noted an increase. in the
nominal value of residential

q

: — “reserved -
| - for

_ your ad.

“Call 980-0511

almost: we. “decades” of.
. frustration, | will. jump ‘into  Dere:
the regulatory. fray with fists

‘flying.“It will (of may) over- | ti
‘react, And if it does, there
will be blood all over the
place. a

“kis is patiouladly ‘true in a:
areas like communications... .
The: field ” is” s  Boverned » yy .

: a full-time position. available’ for: an
experienced: person: who'can touch up;: Sotieh ae
“and repair furniture and cabinets.’Must be able:
-to'“bum in” and work:on all types of finishes. -
. This’ position offers 37% hour work week, all.”
. Company benefits and a competitive salary. ve

Apply to the Vancouver Store
Employment Office 2:00 to 4:00.p.m.
Monday through Thursday

NORTH SHORE.

Schoolof |
Commerce

on North & West Vancouver Schoo! Boards
EMPLOYMENT TRAINING, UPGRADING AND

REFRESHER COURSES

Typing Office Procedures
Shorthand Business Machines.
Bookkeeping Business English
Business Arithmetic

8:30 am - -3: 00 pm at Detbrook Secondard School,
631 W. Windsor (entrance off Stanley St.), North
Vancouver.

MONTHLY FEES

Full Day $65 Mornings $46 Afternoons $35

MEDICAL TERMINOLOGY COURSE

A Madical Terminology course will be taught at the
School of Commerce on Mondays, Wednesdays
and Fridays from 10 AM-Noon, with optional typing
instruction on Tuesdays and Thursdays. Sept., Jan.
& April :
> This course teaches the fd oe of medicine to

prepare atudents for clerical and stenographic work
inany medicalfield. FEE $60 .

MEDICAL TRANSCRIPTION COURSE

Prerequisite - Medical Terminology course of
Medical Knowledge,

Tues., Wed., & Thura. 11:00 am - 1:00 pm
Sept., Jan., & April FEE $50

NEXT INTAKE will be week of SEPT 4

Detbrook Secondary School
631 W. Windsor St., N.V.
(entrance off Staniey St.)

FOR INFORMATION CALL:
Adult Education Dept. School of Commerce
8:30. 4:30 ook! 8:30-3:30

285-8741

980-2713