July 9, 1984

The plummeting dollar 2627
COVER

The plummeting dollar

When banks in the United States, led by the First National Bank of Chicago, began to ratchet up interest rates last week, the outlook for the fragile Canadian dollar darkened rapidly. Throughout the vast telephoneand computer-linked network that forms the world’s money market, reports that U.S. prime interest rates were climbing by half a percentage point produced a swift reaction.
Turner’s muted accession 67
CANADA

Turner’s muted accession

In the end, at the climactic moment of John Napier Turner’s political life last week, it took him only 30 seconds to swear the oath of office making him Canada’s 17th Prime Minister. It was the crowning career achievement for which he had waited all his political life, and his wife Geills, for one, had expected a more elaborate ceremony.
A dismaying setback for the shuttle 3839
SPACE

A dismaying setback for the shuttle

What was to have been a milestone in the history of space travel turned into a disappointing failure last week for Discovery, the third U.S. space shuttle. First, a computer malfunction delayed its scheduled launch for 24 hours. Then, in the last seconds of the countdown on the second try, the launch engines started up briefly, only to shut down after three seconds because a small hydrogen fire had broken out in one of the shuttle’s three main engines.
Centre Court in a sporting summer 2223
SPORTS

Centre Court in a sporting summer

British writer Jane Austen once declared: “For what do we live, but to make sport for our neighbors?” Austen could have been writing about early summer in Great Britain, when royals and workers alike turn unabashedly to sport for relief.
The Democrats’ dilemma 1819
WORLD

The Democrats’ dilemma

Former vice-president Walter Mondale’s campaign for the presidency took two important steps forward and one step back last week. After the intercession of Senator Edward Kennedy, Mondale and his chief rival for the Democratic nomination, Senator Gary Hart, buried their differences in cordial words at a meeting in New York City, raising expectations that the party would mount a united challenge to President Ronald Reagan’s re-election campaign.
Pulling back from the brink 1617
WORLD

Pulling back from the brink

The headline in the Paris daily newspaper Libération reflected the relief that echoed from London to Athens last week. “Europe,” it read simply.“Whew!” After two days of bargaining in the gilded salons of the fabled Château de Fontainebleau, the European Community’s 10 leaders finally agreed to a budget compromise which pulled the EC back from the brink of bankruptcy and averted—for the moment—the prospect of political disintegration.
Discrimination as a basic right 4b5
COLUMN

Discrimination as a basic right

At the recent Liberal leadership convention, the various manifestations of an ugly Canadian epidemic of discrimination were discussed: discrimination against the old, the unemployed, the handicapped, women, homosexuals, ethnic groups, native people and a subcategory within them—Indian women.
A night of nostalgia in Ottawa 4849
COLUMN

A night of nostalgia in Ottawa

Senator Ian Sinclair, the craggy veteran of CPR corporate wars, stared around in disbelief. Writhing bodies thrashed wildly to a deafening noise. In the midst of the bodies was the retiring Prime Minister of Canada, surrounded by nubile maidens.
Patronage on the instalment plan 89
CANADA

Patronage on the instalment plan

In one of his final acts as Prime Minister, Pierre Trudeau rewarded some old friends and supporters last week. He filled seven of the 12 vacant seats in the Senate, appointed two new Federal Court judges and handed a retiring cabinet minister a 10-year term on the Canadian Transport Commission.
Enterprising a special effect 3637
BUSINESS WATCH

Enterprising a special effect

"Eventually, we will be able to simulate real life,” says John Pennie, the marketing wizard who is riding the magic of computer animation in Canada. It’s no idle pronouncement. Pennie heads a little-known Canadian enterprise named Omnibus Computer Graphics Inc., which is deep into a new technology that is revolutionizing film and television.
July 21984 July 161984