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HomeMy WebLinkAboutThe Citizen, 1993-10-27, Page 5THE CITIZEN, WEDNESDAY, OCTOBER 27, 1993. PAGE 5. Vetcher red hot dachsund sausages!' I don't mean to whine, but I face a lot of trials in my working day. There's the first one in the morning of course — hitting the deck. Lying there with the blankets up under my chin and noggin burrowed into the pillow, I can quickly list eight or 12 reasons why getting up qualifies as an Extremely Inferior Idea. Alas, rising is but the first of many tribulations. There is the cold blast of water that invariably precedes my shower. There is my wretched cat mia0000000wing piteously as it threads itself between my ankles. He's saying "Feed me for God's sake — its been hours since I ate those chicken bones in the garbage." Other daily afflictions? Oh, my yes. There is the scraping of the windshield; the monotony of the chrome and plastic conga commute of vehicles on the highway into town. There is the unpleasant thug who mans the security desk; there is the depressing realization that yes, I'm 15 minutes late as usual, and yes, everyone else is on time, working hard, taking just a moment to glance at their watches as I hustle by. The daily hassles. But none of them come even close to the mortification I feel when I face the greatest daily hurdle of all. Free trade in money Lost in the arguments about the pros and cons of trade liberalization has been the fact that for some time the industrialized world has had what amounts to free trade in money. By that I mean that money is able to flow across borders with next to nothing in the way of barriers. So large is this flow that I read somewhere recently it amounts to over $1 trillion a day; even in this day and age of inflated incomes, not to mention debt, that should cause us all to sit up and take notice. Lees take a look at some of the ways that money flows into Canada, probably without us being aware of it. With the debt that both the Ontario and the federal government is carrying these days, not to mention those of the other provinces, there is simply not enough in the way of savings in Canada to account for it all. Thus large sums of it has to be borrowed on foreign money markets; it flows into Canada in payment for the bonds which we have sold and is used by the governments to pay that portion of their expenditures which is in excess of their revenues. All this has a few side effects; it helps prop up the value of the Canadian dollar over what it might be if such flows were not in existence and it means that the interest payments flow out of Canada instead of remaining at home to be spent productively here. If you decide you want to spend part of the year in a warmer climate, you go to the bank and buy your foreign currency which had to get here somehow for you to buy it. It may It comes at the end of my working day, when I leave my office building and head for the parking lot. Be calm, I tell myself. Almost there. Just another few yards of sidewalk to freedom. But no. He's there, blocking my path. He's always there, Gus is. Just Gus and his cart. A hot dog cart. He sells me a hot dog just about every working day. I don't need a hot dog. All those hot dogs are not good for me. I can't afford to buy hot dog after hot dog, day after day. But I do. I can't resist. I flat out love hot dogs. Which is odd, because I mostly don't like junk food. I don't buy chocolate bars or jelly beans. I've never seen the inside of Taco Bell or any Arby's and I only go to McDonald's for the coffee or to use the washroom. (Great washrooms at McDonald's). Hot dogs — different story. But then, as junk food goes, the hot dog is practically venerable. Nobody knows exactly how long folks have been wedging wieners in buns and slathering them with mustard, but the name alone goes all the way back to 1906. Hot dogs were already popular fare back then, but they weren't called hot dogs. They were tagged everything from frankfurters to wieners and bread, bangers on a bun, tube steak sandwiches... Even dachshund sausages. At a New York Giants baseball game at the Polo Grounds in 1906, a newspaper cartoonist by the name of Tad Dorgan sat in the stands watching the game and listening By Raymond Canon have got here because some foreigners spent it in stores or it may have been earned by some of our exports but, if you have a look at the tourist account lately, you will see that Canadians spend considerably more in other countries than foreigners (mainly Americans) do here. If it were not for this free flow of money, you might be told by the government in power, regardless of which party, that you could go anyplace you wanted on this planet, as long as you didn't take more than $100 with you to spend. A few years ago when I explained to one of my classes that governments had the right to impose such restrictions, one of my students came back and informed me her father told her I must be a Communist to say such a thing. I invited the father to come to the class and give his point of view; he declined. So it is that you can buy insurance from any foreign insurance company, send money to a dear old aunt in Oagadougou or Lubumbashi, buy stocks in Sweden or sand in Egypt and chances are next to nil that nothing out of the ordinary will happen to you. Perhaps it is not so surprising to grasp the fact that, if money can move so freely, why not goods. After all the GATT (General Agreement on Tariffs and Trade) has been working toward this goal ever since it was formed shortly after the end of World War II. You don't have to go far to see the effects of all this free flowing money. This fall you may have noticed that the Canadian dollar has been bouncing all over the place with changes in one day of 1/2 - 1 cent being nothing out of the ordinary. There was a time when such changes in such a short number of hours would have meant a full blown crisis; the money markets are able to to the food vendors below "Getcher red hot dachshund sausages!" He thought about the vendors "barking"...he studied the dachshund-like swoop of the wiener in his hand...and something clicked in the cartoonist's brain. Dorgan whipped out a sketch pad and doodled a picture of a real dachshund dog, sandwiched in a bun and covered with mustard. Back at the office, Dorgan touched up the cartoon, then tried to come up with a caption. He wanted the caption to read "Get Your Red Hot Dachshund Sausages!" — but he wasn't sure how to spell 'dachshund'. His deadline was looming, Dorgan thought 'ah, what's the difference?' and he printed "Get Your Hot Dogs!" — and created one of the most popular phrases of the century. Hot dogs show up in songs and on ski slopes; in centre field and every day conversation. Win the lottery? One of the things you could yell is "Hot Dog!" Remember the Perry Como hit that goes "Hot Diggity, Dog Diggity, Boom What You Do To Me"? Kids who do somersaults on skis are called Hot Doggers. Blue Jays slugger Ricky Henderson is a millionaire Hot Dogger. And I'm not the only one who's addicted. Nearly 17 billion hot dogs are turned out each year. I'm not eating all of them. Actually, I can't hold a napkin to a New Yorker who captured the world record by scarfing 17 hot dogs in 12 minutes. Think he'll ever look at another hot dog? Sure he will. With relish. take such changes much more in their stride. However, it does nothing to make the job of the central banks easier. We would all like to have lower interest rates for business purposes; it makes investment that much cheaper and, as for taking out a mortgage on a house or renewing one, the lower the better. On the other hand it makes the job of the central bank, such as the Bank of Canada, that much harder since it is much more difficult to keep a rein on the bank rate of interest and the rate of exchange of a nation's currency. There may be some people screaming for John Crowe, the governor's, scalp but he is really earning his salary these days trying to do the job he has given to do. At least he has a goal of keeping inflation below two per cent and has a considerable amount of independence to do that job but it does not make it any easier. For this reason if the exchange rate or the bank rate of interest is now where you would like it to be, don't be too hard on those responsible for it. It has been said over and over again that we are living in very unstable times; that goes too for those responsible for broader policy. If the central banks showed the same amount of irresponsibility in handing monetary policy that governments have in running up horrendous deficits, we would really be in trouble. Got a beef? Write a letter The Short of it By Bonnie Gropp PM. for Prime Minister? Well, it's been quite a few days for Canadians this week, eh. This past weekend the Toronto Maple Leafs broke a record with their nine straight season opening wins, an accomplishment that kind of got lost under baseball's fall classic triumph. Not a ball fan alive, nor even a few regular folks, will forget where they were when Joltin' Joe slammed home the World Series winning home run on Saturday night, only the second time in 15 years that a team has taken the prize two consecutive years. This year's victory was sweetened by the fact that there was actually a Canadian player on the team. Rob Butler of East York, not only got to show up at the plate, but came away batting .500 in two at bats. Lastly, a record setting victory of another kind took place this week, one which could have a major impact on this country. By the time you read this Canadians will have elected its 20th Prime Minister. With a 'Wh000mp, there it is', the nation literally swept parliament free of Tories, filling it with Liberals. Since my first run at the polls, a few years back, I have fluctuated on whether to vote for the candidate or for the person who will lead the country. Whatever the choice, though, it was one which when election day came, I made easily, with clear conscience and conviction. If you read my column a few weeks ago, however, you know I didn't think that would be the case this year and now that it's done I'll tell you it wasn't. As I settled down with pencil and ballot, I procrastinated some time, until I began to be a little concerned that the polling officers might wonder what I was up to in that cardboard booth. Even when my decision was made, as I walked back to my car, I was vaguely discomfitted. I had tried to follow my own advice, to establish a belief in someone and I did. Unfortunately he wasn't in the running for PM, though his initials do fit. Blue Jay designated hitter Paul Molitor has to me exemplified a style this year, that our politicians could well afford to emulate. Though an American, he embraced this country and its people warmly. His sheer desire to win made him a star among his fans and his peers, inspiring the latter to succeed on his behalf, many said. He didn't expect good things to happen, he quietly, and without asking for recognition made them happen. He's a team player — And on top of it all, one class act. Good leaders need that same drive and charisma that Molitor has. They should be calm in adversity, yet have enough fire, enough passion for the job, that you believe they can succeed. Their actions should be the positive example followed by their party. No matter how rough the going looks the leaders are the ones who, through determination, faith and drive, prove it isn't over until the last inning. Time will tell whether Chretien can be that kind of leader. If he can be the type of leader Molitor is, can make us feel as if we're playing on the same team, and find a way to give Canada a boost, both morally and economically, it will be a refreshing surprise. It's been a long time since Canadians have felt that kind of support for their leaders. And if he's not that kind of leader, who knows, maybe we can convince Molitor to change iris citizenship and run next election! Arthur Black International Scene