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tribune april 27 1988 c2l depression possible despite critics talk a greek philosopher plutarch said it best almost 2000 years ago prosperity has this proper ty it puffs up narrow souls makes them imagine themselves high and mighty and looks down upon the world with contempt but a truly noble and resolute spirit appears greatest in dis tress the greeks had a word of course for the reckless arro gance that leads men and nations to disaster they called it hubris the word describes the sup reme arrogance that defies the accumulated wisdom of the past ignores history and imagines it self more clever and more power ful than all its predecessors in todays financial world nar row souls puffed up by prosper ity have driven corporate takeov er madness to new heights of absurdity despite the temporary interruption caused by octobers crash with 90 billion in mergers and takeovers alreadv completed on wall street in 1988 the sense of smugness that so quickly dis appeared in october has re turned says one director of a ma jor us investment firm giant corporations with large hoards of cash and huge credit lines are paying recklessly high prices for the properties they ac quire whencampeau corpora tion first began buying federated department stores its stock traded at 37 by the time the purchase was completed with the help of maceys and the arbitrators the market price of federated had ballooned to more than 70 a share adding 3 billion to the capitalization of the company without the addition of a single tangible asset the pirellibridgestone war drove firestone from 58 a share a friend in meade ed meade clinics that treat jnsluta oil aim patients dr ed meade is a registered psychologist and director of the markham stouffville family life pentre in this column he answers questions from readers who re main anonymous q i have suffered two bouts of panic or anxiety attacks during the last year the first time i went to a stress therapist and was able to de termine what was bothering me about six months passed when they returned this time i was de termined to find out what was hap pening to me in orderto avoid simi lar situations in the future fortunately i came across two wonderful books the first the panic attack recovery book by shirley swede and seymour jaffe md offered many suggestions for changing my lifestyle they men tion a program called pass a panic attack support group operat ing all over north america would you know of any such group in the markham area in or claire weeks book more ifope and help for your nerves she mentions a clinic in toronto spe cializing in her method of conquer ing nervous illness once and for all would you know the name of this clinic also although i believe i am 80 per pent better i would like to have a support group if i ever find myself in this situation again at the time of the attacks i was too distraught jto search these things out a panic is an acute reaction to pressure it is considered abnor mal only when it does not relate to real situation it is often accompanied by hyperventilation rapid shallow reathing which can further in crease the anxiety possibly re sulting in lightheadedness and dizziness i you can get a good deal of in formation on anxiety treatment and support groups in the toronto by writing freedom from fear foundation box 261 etobi- coke ontario m9c 4v3 enclose 52 z you might also talk to your physician who if he feels it is war ranted could refer you to the anxiety disorder clinic in the eaton wing of toronto general flospital 5953030 if other places that treat anxiety specifically are the behavior jherapy institute run by dr ohn jameson 9280858 or dr mark leith at sunnybrook hospit al 4801656 dr meade welcomes your ques tions if your response is published name and identity will be withheld questions should be directed to the markham stouffville family life centre 113 main st mar kham money moxy darryl cailes to 80 thus costing bridgestone an additional 18 billion to ac quire firestone what is important to note is that this kind of financial folly is not new nor is it unique in todays markets in the late 1920s the new york stock market was dominated by big money traders and specula tors and by empire builders such as samuel insull and charles hopson who concentrated on public utility companies the empire builders bid furiously against each other for properties borrowing heavily to do so and diluting the equity of their parent companies with new issues of stock debenture bonds and holding company shares in a remarkably short time in sull amassed an empire of 185 electric power gas and mass transit utilities all held together by a complex pyramid of holding companies such financial wizardry was greatly admired then and small investors eagerly bought the stocks and bonds of the insull companies which were highly re commended by stock brokers even the crash of 1929 didnt slow insull in fact he saw the crash as an opportunity to expand even further by the end of 1930 however his seemingly invulnerable utility empire ravaged both by the de pression and by ruinously high debt was little more than a hollow shell one of the shocks of the great depression was how fast giant corporate enterprises like insull utilities could collapse into bank ruptcy today economists and govern ment leaders assure us that we are much smarter now and that we need not worry about major economic slowdowns this rhe toric may sound vaguely familiar to some senior members of our community we are only at the beginning of a period that will go down in his tory as a golden age irving t bush 1928 there will be no in terruptions in our present prosperity myron e forbes 1928 9th annual spring sale last 4 days 2940676 69 main st n markham ont as governments and big busi ness recklessly increase debt loads witness ontarios rapid rise in debt in just the last fours years alone one cannot help but wonder if the lessons of the pastj are again being looked down upon with contempt by these puffed up narrow souls pool specials 16x32 kidney inground 11995 3 concrete deck included 3 step ladder included centre drain included 30 mil liner included 1 y4hp pump included vbsssjlbt 20 sand filter included 1sv brominator included i v vacuum kit included maintenance kit included installation most locations see us at the markham home show iuiark nufva wmis txsi hwy 48 i mile n of 16th ave crabie 2948420 after hours 6420234 pa i t x off sears 50 battery for most fullsize cars reg 6999 5999 reg pres stated are sears poco seareg 2999 s8 off steadyrider rt gas shock absorber for a smooth ride most cars installed most cars sears reg 23999 50 off installed cruise control not installed reg 15999 12999 truck load tire sale ends this week automotive services aro not available in trie following stores gorrard square tire and battery installation services only mississauga automotive products are not available in the following stores gorrard square your moneys worth and more satisfaction or money refunded we service what we sell coasttocoast sears card canadas 1 department store credit card homeofkenmore diehard craftsman visit sears the shop onsteelevat 4048816600 wereopenmoftfaytofriday930amto9mpmarxlsaiurday9 effect until sat april 30th w while quantities lasl unless wte copyrightcanada 1988