4

Ab Castlegar News January 4, 1989

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Elvis tops music

stories

- By MARK BASTIEN ‘The Canadian Press He was seen filling his face at a Burger King in Kalamazoo, Mich He wrote to a West German senior citizen and waxed culinary about the overstuffed sandwiches she made him when he was a soldier stationed there in the late "50s. He even attended his daughter's Hollywood nuptials, presumably to ‘sample the wedding cake. It was a-busy year for Elvis Presley The King has been dead for 11 years, but in 1988 fans who refuse to believe the bloated singer went to rock 'n’ roll. heaven reported seeing him and- his trademark white jumpsuit all over the world Their morbid curiosity became biy business.” EI RADIO Thousands dial a pay-to-listen telephone number to hear Elvis explain his disappearance. A book and ‘accompanying tape titled Is Elvis Alive?, made the best-seller lists And a Cincinnati radio station turned .its sagging fortunes around by going all-Elvis 24 hours a day The year in music of kings past Fans also got all shook up about John Lennon, who was portrayed as an abusive, bisexual in a seathing biography by Albert Goldman, the same man who savaged Presley in print several years ago ALGIC pining for their musical

was a remembrance

norexic

But-folks-wetent-simp heroes.

Instead, they were restless and nostalgic of them being grown-up baby boomers — for the days when rock stars were musical outlaws who challenged the world they sang about

How else to explain how Presley's estate made $15 million in 1988 and Lennon had a hit single, Jealous Guy, eight years after he was gunned down in front of his New York City apartment?

And how else to explain how the current superstars of rock music rebels clause in their contracts to do social good — got together for the wildly successful Human Rights Now! support of Amnesty International?

BACK TO BASICS

1988 was a which pop sensed something was missing in their music so they got back to basics.

year's

many

without a

worldwide tour in

year in stars

hottest new ‘performer was Tracy with-a-guitar who sang songs about the dispossessed

Socially conscious Irish quartet U2 was the hippest band, rattling and humming its way to a No. 1 album, a hit movie and a successful group biography

And the most pervasive trend was the return of rock 'n’ roll greats - including Canadian Neil Young,

in 1988

ELVIS PRESLEY top story

Rolling Stone Keith Richards and Elton John — with the musical magic that won them fans a.generation ago. Other musicians‘ returned to their roots, too.

Country singers shunned showbiz glitz for down-home simplicity, with back-to-basics albums by such folks as Dwight Yoakam, Randy Travis and Edmonton's K:D. Lang being “big sellers

In jazz, the voice was the thing. Bobby McFerrin didn't need an ompaniment to produce the rhythmic feel-good hit of the year, Don't Worry, Be Happy.

And in 1988 the grand was put back in grand opera.

In Montreal, a massive production of Verdi's Aida lumbered through Olympic Stadium in the form of 700 extras, a 120-member orchestra and a Noah's ark of animals, includifig five elephants and a four-metre-long Burmese pythory

FISCAL FEARS

But such extravagance wasn't in keeping with the fiscal fears some Canadian musicians -had-by year's end

With the return of a majority Progressive Conservative government, the loss of Flora MacDonald as communications minister and the end of contralto Maureen Forrester's term as Canada Council chairman, some musicians fear that government aid to the arts will be slashed in 1989.

And many people in the Canadian recording believe the arrival of free trade with the United States will make. the a vast clearing house for American music

Others, though, say it’s no time for the industry to havean- identity crisis

They point to the phenomenal record sales of such Canadian stars as Quebec's Michel Rivard) and Nova Scotia's Rita MacNeil, and the healthy industry-wide profit margin

industry

country

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10 SCH (Part 8] — Produced by Shaw Cable in Edmonton this program highlights Alberta Musie -talent. This Helen Vedros/Kinrog and Mantis are featured m. [Wed] 12 p.m. [Fri] 2 p.m. (Sun] USCC Youth Festival (Part 7] This annual event was taped at the Brilliant Cultural Centre May 20-22, 1988. This week the Calgary Youth Quartet voice of Youth Choir Andba booslka Sookorukova are featured. 9 p.m. [Wed] 1 p.m. [Fri] 3 p.m. {Sun} Small Business Immersion Program — This program produced by Selkirk College talks about the

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Located | Mile South of Weigh Scale in Ootischenia — LICENCED DINING ROOM —

importance of pre-planning ‘your business and how the immersion program can help Please note this Schedule is ted on Friday starting at 9 a.m. and again on Sunday starting at 11 Rotary Bingo returns this Sunday, Jan. 8 at 6 p.m.

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Benjamin

LOS ANGELES (AP) — An ‘ld friend happened. to drive by Richard Benjamin's house and drop a $20 million movie in his lap.

At least that’s the way Benjamin tells how he became involved with My Stepmother Was an Alien, the year-end release starring Canadian born Dan Aykroyd and Kim Bas inger

It helps that the old friend was Jerry Weintraub, founder of the “instant major” film company, Wein traub Entertainment

“Jerry drove down my street one day as I was getting into my car,” Benjamin said

“He stopped me I got this seript. You've got to do. it. I'm not going to take no for an answer.’

“It's hard to say no’ to Jerry. I thought that when somebody pulls over, gets out of a car and stands on a that’s the way you

)

and said:

street. corner, should make a deal Benjamin had already half-finished version of Stepmothér and had admired it something terrifically real about a little girl saying to her dad: "But she’s from another planet! And the dad saying: ‘Now she's going to be your new mother. Tell me you don't like her cooking, but don't tell mé she's from another planet “There's something cally right about that.” Benjamin signed’ on as Having directed My Favorite Year, City Keat, Racing With the Moon, The Money Pit and Little Nikita, he now entered the whole new world of

read a

psychologi

director.

special effects. GREAT EFFECTS aha Dykstra Apogee, that did the special effects, are awesome they anything “You had to use your injagination, and then you had to be responsbile to that_imagination_because they_could “xecute it Aykroyd, a entered the

and his company, because can do he said

native of Ottawa, early., A Sat urday Night Live alumnus, he is part of the new of film actors.

They work fast, and they don't like to do a lot of rehearsal,” “Neither does Kim, so that was all right

“When we started, Dan said: ‘Do you want me to put anything else in, or do you just want the words in the script?”

“T_said, ‘Ifyou something, just say it the camera rolling at the scene and just let him go. that stuff is in the

although he Stepmother,

project

breed comedy

Benjamin said

want to. say I used to keep end of a A lot of movie.” doesn't appear in Benjamin did acting on the set SPECIAL ROLE The reason: he had to portray the al effects that-w6uld be inserted

» actors were a stick explained F said, out of the

looking at me that said “Shop, he

Now this thing is coming stars! It’s beautiful! It's magnificent! It’s Then there aré these great super beings in the sky,” and I'm standing on a ladder doing them.”

Except for-a-few-gray-hairs Dick Benjamin at 49 still possesses the preppie look he first displayed’ in Goodbye. Columbus.

New York-born, he attended the famed High School for the Per forming Arts, then studied drama at Northwestern University, met his wife,

awesome!

where he Paula Prentiss.

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' BUSINESS

January 4, 1989 eparNews 47 asi

Off-shore proposals rise sharply

OTTAWA (CP) — There ‘were 662 proposals to buy Canadian companies worth a total of $20.2 billion in the 1987-88 fiscal year, the federal investment monitoring agency said.

That's up sharply from the 1986-87 figure of $12.5 billion, Investment Canada said in its annual report.

“As elsewhere in the world, merger and acquisition activity in Canada was substantial in 1987-88,” said the ageney, which reviews foreign takeovers and promotes “Canada as a home for

investment.

foreign”

However, the report said the massive increase was due mainly to three large takeovers worth a total of $10 billion.

Dome’ Petroleum was purchased by Amoco Canada, a U,S,-controlled company, for more than $5 billion. Chrysler Corp. acquired American Motors Canada when it bought American Motors U.S. parent. And Cadillac Fairview of Toronto, a major real estate developer, was bought by JMB Realty of Chicago in the largest commercial real ontate deal in Canadian history.

Of the 662 foreign investments reported in 1987-88, 178 were reviewed and approved -by Investment Canada. The rest simply requiréd notification,

Direct foreign acquisitions of Canadian firms worth $5 million or more must be reviewed by Investment Canada,-which took the place of the Foreign Investment Review Agency in 1985.

In the investments reported, about 70 per cent of the assets were to be acquired by American companies, 15 per cent by western European firms and three per cent by Japanese. companies.

Texaco sale close

TORONTO (CP) — The sale of Texaco Canada Inc. has moved a step closer to completion with the announcement the Toronto-based company is setting up a new company to own some of its exploration and producing assets.

Stockholders will receive a share in the new Texaco Canada Petroleum Inc. for each share they own in Texaco Canada, leaving the U.S.-based parent with a 78 per-cent interest in the new firm.

Texaco Canada Petroleum will consist of promising exploration interests in Brazil and Mauritania and 11 producing oil ‘properties in Alberta and Saskatchewan.

Texaco Ine. of White Plains, N.Y., announced in August its intention to sell its 78-per-cent interest in the Canadian subsidiary.

Bids are due to be submitted by Monday:

The parent company said last summer that it wanted to keep its interest in overseas assets

The properties are valued at $92 million and Texaco Canada will add $65 million in cash and securities to help fund exploration.

Texaco Canada won't say how much oil it is pumping from the Canadian properties but said in a statement the transaction would have “no material effect on Texaco Canada’s current earnings.”

The announcement came- after trading in the company’s stock closed on the Toronte Stock Exchange at $44.38, unchanged on the day, with 442,112 shares changing hands.

The asset distribution is in addition to a $780 million, or $6.50 a share, payout to shareholders the company announced last month.

Texaco; Canada said the dividend will be paid to shareholders of record as of Jan. 12, but said it has the right to amend the deal if there is a “material change” in

the value of the properties before that °

Poor growing season fuels rise in coffee bean price

By DAVID DISHNEAU The Associated Press

Coffee drinkers should get ready to-swattow-a-price—increase:

Poor growing and harvesting lems. conditions have pushed prices for green, unroasted coffee beans to their highest levels in two years, and roasters say. they'll pass the costs along to consumers.

Procter and Gamble Co. says it'll raise wholesale prices of its ground, roasted coffees by 79 cents Cdn a kilogram Jan. 23 The

Procter ‘and Gamble, which prod- recently uces Folger's coffee, also plans A 10-day increases of 71 cents a kilogram for its special-roast flaked coffee and $1.69 a kilogram for its: instant coffees.

“All I can say is that coffee is a fluctuating market,” company spokes man Belinda Baxter Welsh in a telephone interview from her office the in Cincinnati, Ohio. “We try very zation. hard not to increase our prices any

In December, delivery on Sugar

the world’s largest producer, have soared this month as rise in North American consumption —_In focused—attention—on~—suppty—prob-

Those problems range from droug ht conditions in Brazil to a _rain-de layed harvest in’ Colombia.

coffee for March New York's Coffee, and Cocoa jumped from about $3.34 a kilogram “It to about $3.92 a kilogram.

tight-supply picture eased

Brazilian striked ended and the 15-day moving average of overall coffee prices rose 9:30- above $3-4 kilogram.

That increase triggered a one-mil- lion bag increase in the amount of coffee that producing countries are allowed to export under the rules of International

Analysts say'supplies-are still very the seasonal tight

under — similar coffee —furures

than $7 a

early 1986, vonditions,—green prices’ rose to more kilogram

“We are not up there yet but we may get up there,” said Arthur Stevenson, a coffee-market analyst with Prudential-Bache Securities In¢ in New York. depends how much further these weather conditions bite production.”

Exchange has

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Analysts ’éxpect othert roasters to follow the ‘lead of Procter and Gamble, the _se¢ond-largest_U.S. coffee roaster behind Philip Morris ysis Cos.’ General Foods division.

General Foods, maker of Maxwell House doffee, didn't comment

The rise in green coffee prices may more quickly affect those| who buy

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RAISES PRICES

Siefer~ said he planned to” raise prices by 79 cents a kilogram.

“We don't have quite the capital the major companies have. They buy by the (16,875-kilogram) container load, but we generally have less than 2,000 pounds _(900-kilograms) on

hand.” « Prices for green coffee from Brazil,

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Manitoba out of oil business

WINNIPEG (CP) —,The Manitoba government is getting out of the oil and ga$ business after a five-year venture which cost taxpayers at least $16 million.

The province has sold Manitoba Oil Corp.,to a Winnipeg company for $3.05 million, Jim Downey, minister responsible for the corporation, announced.

“One could say today's announce: final chapter on a book that should never have been written,” the Conservative minister

‘and Gas

ment closes the

said.

NPP leader Gary. Doer, whose party. launched the corporation while in government, said the Tories have unloaded ManOil at a “fire-sale” price for ideological reasons.

Liberal Leader Sharon Carstairs said the government should have received closer to $9 million for the corporation

ManOil was meant to create jobs, provide a window on the oil industry and ensure stability in the southwest Manitoba oil patch, Downey said.

Free-trade deal defied

TORONTO (CP) Ontario is defying the section of the free-trade deal with the U.S. that calls for ,immediate elimination of 25 per cent of the price markup on American wines

Liquor Qontrol Board of Ontario stores opened this week with only the usual small monthly price adjust

province imposes a price differentiat —on foreign wines.

While keeping his pledge not to implement that provision of the free-trade deal, Premier David Peterson suggested Tuesday he's backing down from his threat to ignore-a-simitar agreement with the European Community

Like the Canada-U.S. free-trade treaty, it calls for most discrim inatory price markups to be elim. inated over seven years.

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DATES: Jonvory 23-February 9, 1909 | 8 a,m. . 10 p.m. daily ( REGISTRATION DEADLINE: Jonwary 13, 1989 LOCATION: Cost! FEE: $250. Class size is limited to firs) 20 students with paid registration FOR FURTHER INFORMATION, OR TO REGIST PLEASE CONTACT: 1410 Columbia Avenue Castlegar, B.C. VIN 1H8 (604) 365-5886

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