The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

t V hee hack. s ons me mrovng s "t much. Jt was & cold, wet blanket over a dying man to keep him warm. It removed most of the incentives to invest in Canada. It penalized those who had worked hard to be comfortâ€" able in their old age. And it did aweet Fanny Adams to produce the equity the to ‘be rich, the poor still poor, the It‘s a little frightening for us who remember the Depression of the Thirties to see factory after factory laying off employees, farmers unable to meet the mortgage payments, hamburg or worse becoming once again the entree for dinâ€" I don‘t think the Governor of the Bank of Canada, with his new salary of $104,000, will be compelied to exist on turnip soup. Nor will our members of parliament, with the hefty increase they voted themselves From all reports, 1982 is not going to be a good year, economically. In fact, it‘s going to be a disastrous year, for many Canaâ€" with great elan, be standing in breadâ€" But one heck of a lot of ordinary Canadians are either going to be plain out of a job, or biting the bullet to make ends And as the New Year‘s Day revellers joined together to sing Waterloo‘s official 125th birthday song, written by Waterloo musician Alfred Kunz, the enthusiasm reached a crescendo. * And words from the song rang true: ‘‘Hey all you people, let‘s celebrate. Hey all you people, don‘t hesitate. It‘s a proud foundation. Here‘s your invitation. Help us to celebrate our hundred and twentyâ€"fifth birthday. Waterloo we love you. Waterloo we care. Waterloo we love you. We‘ve lots to share. No one hesitated. Everyone celebrated. Waterloo, after Friday‘s turnout, you should feel loved. Those hundreds of people demonstrated that you are, in fact, a city built on a foundation of pride. Good, oldâ€"fashioned pride. There were entire families at the Waterloo Motor Inn reception Friday â€" mom, dad and the kids as well. It was a day for everyone â€" city officials, prominent Waterloo faces, and hundreds of other proud citizens. Friday‘s reception was attended by not only the elite of the city â€" those who are seen at most prestigious events during the year â€" but also, and more importantly, it was attended by the "average‘‘ Waterloo citizen. Store clerks, secretaries, plant workers, homemakers, teachers, students from local schools, college and universiâ€" ties, business people, merchants, retirees â€" the list goes on. Pride. Good, oidâ€"fashioned pride. That‘s what exuded from smiling faces and singing voices at Waterloo‘s birthday kick off New Year‘s Day, as an estimated 400 people joined in to officially deciare 1982 the city‘s 125th anniversary year. . These area residents proved that people from all walks of life in Waterloo take a tremendous pride in their city. PAGE 6 â€" WATERLOD CHRONICLE, WEDNESDAY , JaANUARY 6, 1982 A proud foundation published every Wednesday by Fairway Press, a division of Kitchenerâ€"Watertcoo Record Ltd., owner 225 Fairway Rd4.S., Kitchener, Ont. address correspondence to Waterioo office: "eag 92 King St.South, Waterloo, Ont., telephone 886â€"2830 New Year predictions Waterioo Chronicle office is located on 2nd floor of the O‘W. Sports building opposite Waterioo Square. Parking on King Street or in Waterioc Square..Open Monday to Friday 9:00 a.m. to 5:00 p.m. â€" . subscriptions: *16 a year in Canada *18 a yeur in United States and Foreign Countries Canada. Shades of Mackenzie King. _ But 1 :“! tatk l!k;‘“ It‘s not behoiden to a benevoient old chap, though yotfi-lr.!‘..hm.- who almost singleâ€"handedly wrestled in a country where very few people go hungry or freeze to death, where there is a pretty fair social welfare system, here there is still freedom to tell your superiors to go peer up a rope. 1 can still write in this column that our Prime Minister is an arrogant eggâ€"head, and papers across the land will print it, many with gusto, not to mention relish. Not that I‘d ever do such a thing, mind you.lbeueveinpmremctlormr leaders. J merely the P.M. is an Ahddied egg. Not a coddied egg. An addied egg. ~ Aside from the economic picture, the worst news for 1982 is that Mr. Trudeau might be talked into running for office again, to fight the separatists in Quebec. he’.h M:Mh to ain to uflmm.umu’n be ‘carted around the . country in a wheelchair to fight anyone who doesn‘t think that the Liberal party is God‘s gift to inflation to the heights, présided over the worst unemployment situation in 40 years, middle class pinched until it‘s painful. _ However, let us not despair. We still live Publisher: Paul Winkler Manager: Bill Karges Editor: Karla Wheeler established 1854 f â€"â€"THE SUREME CORT | UNCONSTTRINONAL AND TE Ipuperso ui demant a romin o m oie Bey Company‘s lands, along with myeg.lylr&flmhmww worse. My children will continue to be in Financial Straits (that‘s just one jump ahead of Dire Straits, which separate the sheep, them, from the goat, me). It‘ll be a terrible year for the farmers. There‘ll be either a drought or too much rain. In the event that neither happens, that the weather is perfect for farming, M'Hhmhhufia“&ouman taking too out of the dand." Despite its new status as a Royal something or other, the post office will break down sometime during the year, and Michael Warren, its new boss, will develop an ulcer. o M:‘flh-mm:ud «-muun'-..a and run up a national debt that will make our grandchildren curse us. Let us talk of more pleasant things for 1982. I‘m not going to make any New Year‘s resolutions. As I tell my wife, when you are practically perfect, there‘s no point in trying to improve. Her answer must not be printed in a family journal. But I do have some predictions for the BILL SMILEY * i niumins, 1 hape yae aay riner Is strikes, inflation, interest rates, and un cw-‘hnfl.. ads § it was all ts 3 that .onm hvhp. Mlcna' "&'fl were gobbled up last November were paying 9.5 per cent interest, not 19.25. Nfllpfi across the land will stop printing their headlines in gloomy black the vast empire handed over to the C.P.R. More power to them, if they could get some trains back on the tracks. Quebec will continue to be a thorn in the side of not only the whole country, but of itself. The Anglos of that province will grow more pugnacious, which will make the Francophones more intransigent. And smashing success in buying a quarter of an oil company, for no known reason, will attempt to buy Saudi Arabia, only to find that Alberta, with its Heritage Fund, has beaten them to the punch. The Ayatoliah Khomeini of Iran will convert to the Jewish faith and dance ringâ€"aroundâ€"aâ€"rosy with the other oid bandit, Begin of Israel. its of