Sy: Castlegar News _November27, 1983 . ee] DISCOVERY BUSINESS ROBBING PETER TO PAY PAUL for in the econ- Henry Just and chief executive officer of Pacific Vocational Institute omy” bird (an economic prob- lem) with the “job creation stone using ever job creation may actually be hurting the economy. “Job creation, as currently ; being practiced by any level prog increasing quantities of bor- rowed money. And it isn't working, ac- cording to Justesen. He says of g merely redistribution of existing wealth, not creation of any from your friends in the Kootenay Society for the Handicapped Send local Season's Greetings and hetp the Kootenay Society for the Handicapped. For a donation four name in issues of the Castlegar. News just prior to Christmas. (For a donation of $5 or more, the Society will issue a receipt, if requested.) Society will publish ys new wealth. It appears to be robbing Peter to pay Paul, and in the process contribu- ting to a decline in new tal- ents within the nation’s workforce while guarantee- ing a in Canada's g aren’t solving anything with their present approaches to job creation while the country’s well- being and economic future “There is an answer in ad- hering to a direction, and ad- hering to some basic prin- ciples,” Justesen declares. “Can governments create jobs for people other than government jobs? No. All revenues that accrue to gov- ernment and are spent by Job creation may ‘hurt’ ernment to serve 250 million people, or 10 times the 25 million we already have.” He adds “In. response to the clamor from citizens that the government 'create jobe in times ‘of unemployment (bécauise the unemployed are “them, are from in the form of taxes. We are re- distributing existing wealth among ourselves while the are given 'y “band- aids” in the hope our. bor- rowing power can fi rs siphon off the ever-increasing cost of main- = by a i PREPARING . By KEN SMITH CP Economics Writer The tax man is:coming, the taxman is coming, the tax man... You've probably got the idea by now. Actually, there’s:about five months to go to beat Ottawa's deadline for. turning over what it considers a fair share of your. income... ‘There's only about a month, however, if you want to take of some of the benefits the federal ‘and’ econ- omic hardsh 2 have responded with various programs and schemes lab- elled ‘job creation.’ ° : “History. tells us that em- sustain the need for) real ., taining th “If you accept the principle it can 01 ‘productivity and the ability: to compete in national and international markets.” The approaches need re- thinking because of: . e the massive intervention of governmental bureaucra- cies in the economy and their “protected” distance from the “real world” of economic activity. e faulty thinking within those bureaucracies that has created a Manpower Demand ‘Planning Model that equates technical training with em- ployment and uses history hristmas To understand the prob. ; lem, he says, must. understand the rudiments of both the economy and the purpose and use of technical, training. iq gt only, create: jobs within govern- ments and cannot create new jobs:in the economic milieu, thal ‘account in part for the ition that Canada appears to have enough gov- P results when some- gne needs is will- ing and able to pay for it, and stimulates a deriand that can be satisfied ‘by goods and services provided by some- one else, Jobs are’ created through this basic economic -activity, Justesen notes. “Satellite i@ustry in limbo HULL, QUE. (CP) — The satellite company that beams TV programs and telephone calls across Canada is finan- cially stagnant and has spent the last month telling the Thompson told the CRTC the outlook in the next year is not much rosier. Telesat’s newest satellite, Anik C, is porate at a loss and its older satellites are Telesat may be big — total revenues were $59 million last year — but it is no longer prosperous. For the first time this year, it will have to dip into a telephone company federal telecommunications " showing about a two-per-cent fund. and on emp! to control and limit training opportunities rather than building the national talent of $2 or more, the Bank of Bank Of dae ona ge Costleaird Plaza), Trav Castle, Caldset Groceteria and aA Kk. iIrd Plaza), Castlegar Savings Cred! Savings Credit Union, Pharmosave, Ca ef ‘Agency, Johnny's Grocery, Castlegar News, Clay idset Central Foods. e concentration on plan- ning that confuses the same two factors and tries to kill the bird (a it Union, Kootenay iri's Drugs, West's lator that its future, and that of the Canadian indus- try, is precarious. rhe Final arguments in a ~ month-long Telesat Canada rate hearing were presented ‘ last week to the Canadian profit because of low fed- “erally-sét tates, ““_< “00 SLOW. The company wanted to ‘lease excess satellite channel ‘capacity to U.S. customers, ‘but was ‘undermined by slow But Thompson argues the fund was established as a last resort and is not a common subsidy. : A fundamental - question facing the CRTC as it decides on rates for large, : ‘ P Radio-television and’ Tele: CRTC! did U.S: approval of satellites is whether 'Tele- wo social and the “need The company says the de- i of the country’s * Courtesy Van Continental Se menos oKiichens “Movie Charinel CUP & SAVE! Par for this Course! Canadian Money is at par on your room bill with this coupon. Advar and use of coupon must be estab- lished when making reservation. Subject to space availability. Offer expires 4/30/84. Call coliect'for horses 5th & Jefferson in Spokane satellite industry is in limbo, awaiting regulatory deci- sions. The company wants a faster-moving regulatory en- vironment and doesn't want to be ‘treated to the same rigid conditions as telecom- munications firms. It also wants higher rates and says , it cannot grow without them. Telesat Canada likely will :lose money this year — the.