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>Business breakfast >Chamber career day This fabulous ground leveloomerunitwaslhemodelhomein this luxury building. immaculately clean and professionally decorated, two bedrooms. two lull bathrooms, glassed-in solarium. European kitchen plus outstanding security services. $154,000. The Oakville Chamber of Commerce Business/Education Committee is sponsoring a CAREER DAY at T.A. Blakelock High School, April 28th from 9:30 am. - 12 noon. This year, the event will be open to students from Grades 11 through OAC and to parents and other interested people in the community. There will be more than 45 “career exhibitors” on display. All the exhibitors will answer questions regarding entering their career fields. The Halton Industry Education Council in cooperation with the mayors of Halton Hills, Milton, Oakville, and Burlington are hosting a special breakfast meeting on Wed, April 21st, at 7: 15 am. at the Deerfield Golf and Recreation Centre. Tickets are $15 and may be ordered by calling 634â€"2575 or by fax at 634-2705. The event features John Bowden, executive vice-president, Personal and Commercial Bank, Canada, with the Canadian Imperial Bank of Commerce. His timely and relevant topic will be “Strategies For Success in Business and Industry". Bowden is responsible for CIBC’s commercial banking business which serves small/independent businesses and mid-sized corporations. Call the Oakville Chamber of Commerce for further details at 845- 6613. The Halton Industry Education Council is a non-profit organization dedicated to encouraging constructive dialogue between business and education. The council also operates a successful Career Centre which recently passed the 2000 mark in students served. The breakfast meeting is one of a series of H.I.E.C. events designed to foster that cooperative dialogue. For more information about the H.I.E.C. breakfast with the mayors on April 21st, call the Halton Industry Education Council at 634â€"2575. "OVERLOOKING RAVINE" MOE MILJOUR 878-7777 (OFF.) 876-4577 (RES) SPREAD Confact Listing Broker Sheet Mittowne Realty Inc. Milton, Ontario 0 878-7777 RF/MFX AKVILLE BEAVER I Bank's Governor harming country and must go says economics editor “To my mind, John Crow’s zero-based inflation campaign is wrongâ€" headed and dogmatic and has had a disastrous impact on the economy,” said Crane, pointing to high interest rates, high social costs, a soaring dollar, declines in government revenues and the worst recession of the Gâ€"7 countries. By DIANE HART Special to the Beaver Star economics editor and columnist David Crane says about the Bank of Canada Governor when it comes to serious talk about getting the economy moving again. john Crow has to go.That’s what Toronto Crane, author of the recently released The Next Canadian Economy, told the Canadian Club of Oakville, Wednesday, that he was concerned Crow may be reappointed by the Tories prior to the expiration of his term as. Bank of Canada Governor in February, 1994. , He said if the federal Tories believe they will lose the next election they may re- appoint him for another term. He said federal Liberal leader Jean Chretien has said privately he will not reappoint Crow. “He is too dogmatically committed to the zeroâ€"based inflation,” said Crane. “We far greater than even the Bank of Canada thought,” he added. He said there is an immediate need to kick start the economy and to have stronger economic growth. “So let’s declare the battle against inflation a victory and turn our attention to growth by easing up on monetary policy and letting the dollar go down, perhaps even fixing it at 70â€"72 cents. And to preserve the gains on inflation, let’s be willing to consider wage and price guidelines,” he said. He said if the federal Tories believe they will lose the next election they may re- appoint him for another term. He said federal Liberal leader Jean Chretien has said privately he will not reappoint Crow. “He is too dogmatically committed to the zeroâ€"based inflation,” said Crane. “We went overboard in the fight against inflation. We created our own recession and at a wrong time as we headed into free trade. In both cases, you have income and expenses. And in both cases, you must live within your means. Is this logical? Yes. But do we think that way when we think of our government? No. There is a reason for this. It’s greed. Greed is a natural tendency. We all want more. Good advertising and easy credit help us do the natural thing â€" spend. That is the fundamental difference between managing your family spending versus the government’s spending. The government has the ability to overspend. But from a family perspective - when the money is gone â€" the spending stops. We can still dream of luxun'es, but we can not afford Overspending can increase in the short term, but not in the long term. Eventually, we will be so far in debt that no other countries will lend us any money. Tax hikes no answer rd country 's deficit woes “And the cost of this to Canada has been unning a government is no different than managing your family finances. He said this and other long term policies will ensure Canada heads- towards an innovationâ€"based economy in the future. Crane said the challenges faced in the future This year, all levels of government will spend $52 billion more than they collect in taxes. The reason for their overspending is that Canadians Want a full range of services, including: medical, education, unemployment insurance, etc. We all want something. We think that our own needs are more important than those of other special interest groups, And we want someone else to pay for the services. But eventually, our country’s fiscal mismanagement will get so bad that our house of cards will collapse. It’s happened before and it will happen again. The solution is simple. Our government must live within its means. FRIDAY, APRIL 16, 1993 PAGE 24 The national focus must be on the realities 'of economic restraint Do we cut back now or wait until financial ruin causes us to scrap virtually all government programs later? include a global redistribution of production and economic power, the introduction of major new technologies and radical new ways of production that overturn the relationships of labour and management and companies, customers and suppliers. “We don’t have to settle for a world of diminished expectations. Canada is not bankrupt The next generation is not doomed to a standard of living below that of our parents. Our aging population doesn’t have to see its pensions wiped out. It’s a matter of choice - of how we respond to a changing world.” He noted that in the past Canada did build up strong economic growth. Crane said that even today despite the recession and a “punitive” monetary policy there are many examples of innovative entrepreneurs. But problems such as the deficit, increased competition, inadequate workplace training, a failure to support, with dollars, strong Canadianâ€"controlled businesses, a failure to create a science and technology policy and a failure to tap global markets instead of just “sticking” to the US. market are all threatening to make for a stagnant economy in the future. For the long term, he insists on investment in productive assets â€"â€" for instance an investment tax credit â€" and to sharply increase exports to pay down the foreign debt burden. A tax increase would slow the economy, promote more economic activity to occur within the tax-free underground economy, plus encourage business and citizens to leave the counIIy. At some point, tax increases will result in a loss of revenue. How do we solve our deficit problem? One option is to increase taxes, but that would not necessarily result in more revenue. _ The key strategy is to cut expenses. To do that, the government will have to cut services or start charging for these services. We must act financially responsible. The option of doing nothing is national bankruptcy. Peter Watson, MBA, CFP, RFP Is the presldent of Peter Watson Investments Limited â€" an Oakvllle firm spepializlng in retirement planning, HHSPs, and investment planning. He can be readied at 842-7602. arm nous: am. 24 m. W Trysha Wharton Sales Rgaresentative BURNS. Mark Slipp, Investment Executive 14717P||9I1m8 Way Fidelity Far East Fund (416) 359â€"4633