.. Editor:
.. . With-reference- to Edgar Far-. :
»- thing’s letter (Review, Apr. 13),
....there was certainly. no: intention ~

When it comes to economics, 1’m a klutz.

Nothing confuses me faster than listening to Louis.on Wall

Street Week, hearing stock market reports on CKO radio or
reading the financial pages of any newspaper.

The Financial Post scares me silly and if by mistake | pick
up a Wall Street Journal, | have to hide in bed for a week with
the electric blanket turned up to nine.

They all remind me that a split second delay in making

’ precise financial decisions will blow the roof off my house,
sweep the food from my table and drain the beer from my
glass. Everything gone and there’s no one who can help.

Well, almost no one. Last week, while recuperting in bed
from a bout with a Journal, through an open window I heard
softly but clearly the whispered mantra of the world’s most
revered economic guru, Dam Ting.

_ “*Wassa matta youse? Issa fixa tup.’’ ©
Filled with hope, I scrambled into a dressing gown, grabb-

-. Ting it was necessary to scale the wall of worry to the pinnacle
of despair where he perched, legs crossed, on CPI graphs
waiting for the next question.

What follows is a transcription of our conversation.

Question: Oh Dam, I am confused. Bonds or stocks;
dollars or yen; nuts or bolts. Where can I] turn? Whither the
economy?

Answer: My son, do not tangle your panic in a worms nest
of alternatives. Note with quiet satisfaction that StatsCan
reports an. easing up of the rate at which business is easing
off. This can be taken as proof that there is a slow but
noticeable slowing up of the slowdown.

Q: Is that what they’re saying?

A: In order to clarify: the cautious terminology of the ex-
perts, it must be noted that a slowing of the slowdown is not
as good as an upturn in the down curve but it is a good deal

ed my tape recorder, and went forth to learn. To reach Dam —

call” muncicipalities _
“ budgets:in:a: similar’ manner.’ A.
--- budget must be made up in time”

:for. fourth reading: ‘of the bylaw.
~ before: May <.15.. School. Costs.’
and: Oren CRD costs | are not»

of the down curve.

to mislead.: He should note. that

"Outraged —

: at story
Editor:

‘After reading your articles,
“Left-Wing Doctrine Taught at.

School”. and ‘‘Instruction only

Irks Students’’ we are outraged
at. the biased reporting. Ob- °

viously the reporter ‘did not

search very. hard to find the

other point of view. As students

~at Parkland we know. that many
support teachers. in their work-.-

to-rule campaign because we

realize it is extremely important

that Bill 20 not pass.
None. of. the teachers have

pushed their opinions on us nor

have: they -been unwilling to
debate the issue fairly.

We have found: teachers at

Parkland Secondary. are: very

dedicated to their teaching and

have -always been. more than
willing to putin extra time. It is

unfortunate that some students:
are so selfish as to.not be willing
to give up their extra:activities: «
for acouple of weeks to ensure.»
educational ‘

effective future |
systems, in British Colurnbia:’

Catherine Tarasoff

er ee
oS Sakai se ya a

“Oh,
manure pial”

: Leaissnetnerevte rains emarunsmanne HB g atinieam ALES ods en SHAN PESDNCH NNN at mara ariereain trey rm JX

report.

self-discipline,
Andrea Chapman

2 devemnbupcennginnectora pre cmtelraenaunn gree CORRUarnR te An seanseuut ntenroeyrtveteptansicgnaei ema hsb trtnnnumaeninnioarechvene ht anise AI Ht

PENINSULA LIFE

for Pot’ 5 ‘sake, . not ANOTHER Ap to tho:

better than either a speedup of the slowdown or a deepening

THE REVIEW 9781!-2nd St., Sidney B.C.

Q: You mean... .?
A: Yes little student, the climate is about right for an ad-
justment to the readjustment.

Q: But what about all the people out of work?

‘A: Unemployment figures reveal .a definite decrease in the
rate of increase although a close look at the actual number
reveals an increase. Clearly this is letting up of the letdown.

Q: Will this change?

A: If the slowdown should speed up, the decrease in the
rate of increase in unemployment would turn into an increse
in the rate of decrease of employment. In other words, the
deceleration would be accelerated.

Q: Well, that’s clear enough.
Sterling bonds..

A: Not necessarily. Technical indicuons that a turnin the
tide has occurred in U.S. interest rates are both powerful and
unconvincing. A flood of indicators points to an ebbing of
the tendency to remain in the large rate triangle formed over
the past two years but now a bearish breakdown has
penetrated the bullish uptrend and it is wise to wait for con-
firmation or consolidation before acting.

@: -Then the stock market is the place to be.

A: Indicators here suggest a levelling off followed by a pen-
tle pickup, then a faster pickup, a slowdown. of the pickup
and finally a levelling off again. at the present, or different,
level.

Q: Sounds great. What stocks should I-buy?

A: Not so rapid my impatient little fellow. It’s a time of
tricky markets overpriced in terms of P/E ratios and yields
but powerfully pushed by bulls ona run. The question must
be.— is the slowdown of the run an indiction that the bulls
want to rest under a cork tree and smell flowers or are they
pawing the averages preparing for another charge? And will
the bears emerge from-hibernation to plunge down a hill of
averages or remain somnolent in their caves?

Q: So it’s a battle between tired bulls and sleepy bears?.

A: A dangerous combination: which when mixed with
deflating inflation increases. the odds of a deflationary crash
rather than an inflationary blowoff complete with popping
speculative bubbles.

Q: If the slowdown is really just a slowdown and not a-
downturn in an uptrend, how can. I.tell if the next pickup is
going to be fast?

A: It’s not easy. But it is generally agreed that the condi-
tions for a good, fast pickup are best if you are. about 25, un-
married, and driving a new, red convertible.

Sounds like I should buy

ON. S. budget not inflationary —

oO known at budget time. :
‘He. should remember and: ac- °
cept his share of. responsibility

as a former alderman fo or f. ailing »
to.put aside funds i in reserves to
meet.a catchup in grants- in- -lieu

of ‘taxes. This year; we must .
raise..$72, 000. for: this purpose ™:

from. 1987 taxes. We have done’

7 S Partisan students

cast aspersions |

Editor:
I. would like to ‘comment,
Madelaine Morris on her letter

to the Review (May 13). | agree |
that a few disgruntled Parkland
: students. were given.: far. more
space and attention: than. their
~extremely partisan views deserv-. -

ed. It's .unfortunate ©for

‘everyone that they were allowed :
_ to cast aspersions on a staff that
"was not permitted equal defence

space, Oh, well, teachers have -

learned. to ‘expect
criticism from the press,

I would also like to. comment
on columnist Hugh Nash’s sug-
gestion that children would -
thrive educationally if parents
had a choice of school or
teacher, “J think it would be
more beneficial if teachers were
given
parents. would: be:
cultivate the. qualities necessary
for. success. (i.e... intelligence,
“perseverance,

sunfair

“maturity ete.) or they would be...

-: doomed to foot: the additional
~ Julie Jespersen

Maria Tarasoff:
“Nadine Schwagy °

cost of private schooling.
: ‘Elaine Shirley.
Saanich

“ween. $40,000. Vand: $50, 000. :

“material costs not to"mention a”
oprudent, «

: budget... A very, farcry. from a
this with a four. per cent: taxcin- "2 : wee
~ crease which will only 1 raisé e bet-

nachoice of students. Then —
forced tO

Sidney took home. new, Honda 7 :
othe. Pacific Sailor. contest: sponsored: hyt- Consolidated: ‘Coatings:

May: 30.to dune: 14,

~ dO wittks durin the erelline session,

“inflationary”. as he very
Considering a ‘three. “per, cent wrongfully charges. oe
general staff salary increase and... He didn’t mention: that, with

increasing. machinery: and - all’ the increases,

modest. increase’... in. with other areas of the region.
reserves, council. should.be com-= cages Pale
“mended for producing a’ frugal: ne

NOISE TESTING at Pat Bay Airport beains next month, The.

study was ordered by Transport Minister John Crosbie after receiv-
ing many complaints about the number of buzzing, aireratt and in-
creasing decibel levels. re

[a ae

LONGTIME RESIDENT Marjorie Smith, (ee Brethour) was
piven a thrill ofa lifetime recently, when she tickled the iveries of a>:
; large pipe organ, at-Centennial United’ Church The woman, who ©

was featured in-the Review's special historical edition last: month,

“had always wanted to LIVE i an organ recital,, Her daughter, Gale.
-‘Lindenthaler, arranged the-event for Marjoric’s 88th birthday,
. .o

* *

“HIMSELE,"" featured weekly in our gardening expert’ Helen
Lang’s columus, is, in reality her habbie Jim, Bula newcomer ta

~ the Peninsula, who says she faithfully reads the column, sent Helen:
a newspaper clipping of a slim, youthful man in tights caught ina”

perfect ballet pose. The caption underneath reads: ‘Himself train-
ed'in New. York,

umn’ s headline; the reader wrate, Hele is identifiable. ‘However,

we've

know." a,
ren nae 2 ae

HISHE RME N, GRAB. YOUR GE AR.

~ Protection.

‘taxes here.
“compare very: favorably indeed ©

‘Lloyd C. Harrop .
: ~ Mayor:
WN, Saanich: "}

~ SPRING $87 95
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REMOTE 26° pews ~ Limited Quantity _

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Darling kKnows.the dance scene.”” From the cole

always Mondered what “Himself” looked like: now we.

Loeal resident and: well oo
“known fishing expert Charlie. White has'a sure fire | way-of hooking

ve BC CLAIMS HANDLED PROMPTLY
* ALL WORK GUARANTEED

tL
ee, GLASS on.

Emergency 656-1313, 656-2377 -

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, S LUNC

CLOSED MONDAYS

Regular Menu Available — DINNER Tues. thru Sunday
LUNCH Wed. thru Sunday SUNDAY BRUNCH

BRITISH
COLUMBIA

MON-FRI 9:00-5:30
SATURDAY 9:00-4:00

2aag Beacon Ave. 656-1154

DO YOU KNOW THE DIFFERENCE
BETWEEN |

MUTUAL FUNDS & SEGREGATED FUNDS

”. No Guarantees ° Minimum of 75% of all payments
oe : invested are guaranteed to be paid on
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_» Creditor proof provided the

appropriate oe designation is.
made. : ‘ — F

- No Creditor

For more details on these javestenant fu ds call: ;

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e

SPEAKING Of LUCKY. FISHERMEN,

Carparation. Maybe: he and ‘haelie White should pet together, na
aa ial : :

L ac AL ARTISTS will display theit wares at an exhibition and

sale of paintings at the Gazebo Cir Mlery, 5460 Old West Saanich Ri
“Anelnded sartists are Mary. Feesey, Susan
IL apham, Pat Lewis and Pal 7 redgett. '

«ele

oF ROM OUR QUOTE or THE WEEK DEP ARTMENT: Sidney

Ald Ren B ter,’ renowned for his He might be.irrelewint, but it:
has a bearing: on the issues: stilementslasteyear, gets. top marks:

againy AC Monday night's coupe Meeling, a developed paid
application came up which indirectly affected the veteran alder-

° man, Eh should. remove mysel!’ (from the. council chambers), he:

end, noting thore might besa pervedvervontlion af interest ORT
won't because it's nat mine,” Then he left the Fog: AN well, ours

“4s nagito wonder whys ne

we Wwe DE is Des
SPEAKING or LOCAL POELTICS “aur now efindent” reporter
got aude awaker ving Monday night. 1 was Anna Iy*Angelo’s

she groan
ed. Ieseems Ald. Chris Lott felt likewise, as it's rumored he cauehs

Robert A. ‘Agar of
(5 hp outboard: moor, winning

oe /

Sa Te

&LitsT
“time coverinys North Saanch's commintee of the whole, AreMing at,
the munieipal hall att pan, she arrived back atthe Review af five
at dO pans The Marathon af Hope would be shorter,"

RE RE SH.
dl

"BRENTWOOD FLORIST
- & GARDEN SHOP —

3° MAY 28th, 29th & 30th .
. a DROP IN AND HELP US"
"CELEBRATE BY TAKING.
“ADVAN lAGE OF OUR MANY
INSTORESALES!

. + BEDDING | QO ARDEN.
_ PLANTS... SUPPLIES — :.
4 FERTILIZER * SILK FLOWERS -

652-2131 |

ami w. Saanich Rd. Brentwood Bay : a ad