Word: sauve
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...hurts more deeply than any election defeat. We have to swallow it his time." So said Quebec Premier René Lévesque last week, standing on the same platform in Montreal's Paul Sauvé arena that he had used to declare the upset election victory of his Parti Québecois in 1976. Greeted by 5,000 cheering supporters, Lévesque (pronounced Leh-vek) seemed close to tears as he acknowledged that voters in Canada's largest, predominantly French-speaking province had turned him down by 59.5% to 40.5%. They had voted...
...auto convoys coursed through the streets of Montreal last week, blaring a cacophonous chorus of triumph. At the city's temple of ice hockey, the Forum, 16,000 fans had louder cheers for news of the election results than for goals scored by their beloved Canadiens. At Paul Sauvé Arena in the city's Francophone North End, 6,000 supporters of the Parti Québécois wept, cheered and sang "Tomorrow belongs to us ..." as Péquiste Party Leader René Lévesque, 54, appeared to claim victory. In an extraordinary election that...
...fund was apparently started as an investment scheme for religious organizations about five years ago by Father René Sauvé, a La Salette priest with a good reputation as a money manager. Father Sauvé has refused to talk about the fund, but it seems to have been a commonplace investment operation: church groups would raise money by borrowing or selling bonds, expecting that the return on the invested proceeds would be high enough to leave a profit over and above the costs of interest and amortization. Bishop Joseph Green of Reno saw the plan...
Glamour Issues. Sauvé worked with the Chicago brokerage house of McMahon and Hoban in setting up and operating the fund. But just what the St. Joseph Trust invested in remains a secret, though one story indicates a heavy purchase of glamour electronics issues. The Securities and Exchange Commission reportedly found illegalities in some of the investment activities, but no evidence of fraudulent intent...
...Beat. One morning last week, the 8 a.m. police shift went off to the Paul Sauvé Arena to argue strike tactics instead of reporting to their beats. Suddenly the city was left unguarded. By 11:20 a.m., the first bank robbery had occurred. By noon shops began to close, and banks shut their doors to all except old customers. Early in the evening, a group of taxi drivers added to the confusion. Protesting the fact that they are prohibited from serving Montreal's airport, they led a crowd of several hundred to storm the garage of the Murray...