The Times Advocate, 2007-12-12, Page 22
Times—Advocate Wednesday, December 12, 2007
World economies strong
Continued from front page
Franken said there
won't be a recession in
the United States and
that, "China will behave
itself until next fall. After
the Olympics all bets are
off."
He added Asian
economies will continue
to pull the world economy
up and inflation will reap-
pear which will require
higher interest rates to
fight it.
Franken told the group
of farmers, "you're the
first to feel the pinch and
benefits," of inflation.
He added while crop
prices look positive, the
expanding ethanol market
makes no sense. "Take a
good crop and make gas
with it."
The situation in Europe
is also looking positive,
according to Franken with
countries shifting to the
right politically which he
said is good for their
economies.
Franken said the
Canadian dollar has been
driven higher because
Canada looked attractive
to investors with its bud-
get surpluses and high
interest rates. But the
rates have been cut
recently and Franken said
the language of the gov-
ernment indicates it isn't
done cutting rates.
Franken said the dollar
might go lower and will
depend on how American
rates are set this week,
but oil will be a secret
weapon for Canada as
prices continue to go up.
Franken advised that as
interest rates go down in
the next few months,
investors should lock in
for the long term.
"Inflation will reappear,
then watch out, it brings
higher interest rates to
fight it."
But he added interest
rates are all relative since
he has seen rates as high
as 70 per cent in Peru and
2,000 per cent in Bolivia.
Asked what China might
do with the American dol-
lars it is holding, Franken
said it will try to diversify
by buying up companies
and assets. "You can't just
put it under the mattress,
not that much money."
He added that China and
the United States are like
"twins joined at the hip
who hate each other."
Franken said the low
American dollar "is a
prophecy for a strong U.S.
dollar...American compa-
nies are sitting on balance
sheets we can only dream
of. The slow down is the
best thing that could hap-
pen. They were too hot."
Also speaking at the
meeting was NK Seeds
field agronomist Dean
Shantz about weather
conditions and crop
reports for 2007. Shantz
said the spring saw opti-
mal soil conditions for
planting and despite a
frost on May 21, there
were good rainfalls in
May and June as well as
"lots of heat."
Shantz said May to
October saw lots of days
above 30 degrees celsius
and while there not many
big rains, there were
enough timely rains to
keep the crops going.
Exeter had 231 millime-
ters of rain between May
and October, said Shantz,
with 3,246 Crop Heat
Units (CHU) in the same
period. "There was lots of
heat in general."
Most corn was planted
by May 10 and Shantz
said there were some
good yields with 20 to 30
bushels per acre more
than expected.
Shantz said the higher
yields were a result of
several factors including
improved genetic strains
and a good start in May
as well as few problems
with pests and disease.
Hasketts donate to hospital campaign
Hasketts donate — Bill, Sue and Colin Haskett recognize that the future of South Huron
Hospital is important to the growth of the community. Haskett Funeral Homes reaches
their 1 25th anniversary in business this month and donating $15,000 to this campaign is
one way of giving back to the community. The family has also experienced the care and
compassion given by hospital staff, and like so many others, hope to support the facility and
our local health care professionals. From left are Colin, Bill and Sue Haskett and Bob Gehan
of the Campaign Team.
The South Huron Hospital Capital
Campaign thanks the following for their gen-
erosity:
Leader
• Heartland Credit Union — Exeter and
area
Builder
• McCann Redi Mix and families — Mount
Carmel and area
Supporter
• Canadian Tire and staff— Exeter
• Annex Publishing — Exeter
• Bluewater Shriners
• Guy and Doris Giddings — Exeter
• Harry and Marian Dougall — Exeter
Contributor
• Ann Creech — Exeter
• Lioness Club of Exeter — Exeter
• Edna Kleinfeldt — Exeter
• Jean Coward — Exeter
• Diane Vallee — Exeter
• Elizabeth Duncan — Exeter
• Ray and June Hodgson — Exeter
• Ralph and Helen Barnard — Exeter
• Raymond and Marjorie Bennewies
Exeter
Provider
• Tino and Margrit Breuer — Grand Bend
• James and Wendy Kerslake — Exeter
• William and Cheryl Dinnin — Exeter
• Tony and Wilhemina Verberne — Exeter
• Mary Pavkeje — Exeter
• Blanche Rundle — Exeter
• Jim and Pat Davis — Exeter
• David and Jean Woodward — Exeter
• Ronald and Mildred Bacon — Exeter
Wireless Internet at all
Huron library branches
HURON — Free wireless Internet access is now available at all 12 branches of
the Huron County Library.
With funding provided by Industry Canada's Community Access Program
(CAP), the wireless Internet access will enable more computer use within the
branches by helping to decrease the demand on the Library's public access
computers when computer users bring in their own computers.
The wireless Internet access capability will also fulfill some of the goals of CAP,
which are to provide affordable Internet access to all community members, to
supply instruction on assistive technology, to provide access to government
information as well as encouraging Huron County library patrons and visitors to
become comfortable with the Internet with the familiarity of using their own
laptop computers.
Huron County library users can bring in their own wireless connectivity com-
patible laptop computers to any of the library branches to access the free wire-
less Internet and begin surfing the net right away. Users of the wireless Internet
access get access to the Internet as well as Huron County Library's online cata-
logue or any number of the electronic resources that Huron County Library
offers.
"Huron County Library is pleased to offer wireless Internet access to the whole
of the county. We expect the use of the wireless access to be popular with visi-
tors to Huron County as well as our community members," said Shannon
Kammerer, Information Services co-ordinator with the Huron County Library.
Lucan museum discussed
Continued from front page
project amount by $4,000, and Spriet has already lowered its fee since the
museum is a community project.
The HA is hoping the Lucan Lions will make an additional donation.
They also have a proposed funding event they are looking into to raise
additional funds.
No decisions were made, but several issues are being followed up and
are planning to be resolved by Monday.
REGIONAL WRAP UP •
Imeson update
GODERICH — Triple -murder suspect Jesse Imeson was in Goderich
Court Friday for a brief appearance.
Imeson's case was remanded until Jan. 17, so his lawyer can have more
time to review the documents.
Imeson is charged with the murder of Mount Carmel area residents Bill
and Helene Regier and Windsor bartender Carlos Rivera.
Imeson was captured on the Quebec side of the Ottawa River after a
manhunt was conducted lasting about two weeks. He was captured July
31.
Pheasant Hunt
CLINTON — The Friends of Hullett and community partners hosted an
inaugural Youth Involvement in Hunting event recently.
The 1st Annual Youth Pheasant Hunt was adopted at the Provincial
Wildlife Area in Midwestern Ontario.
It is a collective effort led by the Friends of Hullett, a non-profit volun-
teer organization that works with the Ontario Ministry of Natural
Resources and Ducks Unlimited Canada. In partnership they manage the
Crown land area that provides a diversity of natural heritage values to the
public. More information about the Friends and the Hullett property is
available at www.hullettmarsh.org
REPAIRS
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149 Downie St., Stratford
Phone 271-9660
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GRAND BEND - 238-8484
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MUNICIPALITY OF
BLUEWATER
BAYFIEL� -MAY - 4lEM8JILL -STANLEY - Z'UAIGI
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THE MUNICIPAL OFFICE WILL BE
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From Monday, Dec. 24th
to Friday, Dec. 28th
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THE OFFICE WILL
RE -OPEN ON MONDAY,
DEC. 31st, 2007 &
WEDNESDAY, JAN. 2nd, 2008.
THE OFFICE WILL
BE CLOSED ON
TUES.,
JAN. lst, 2008
NEW YEAR'S
DAY