100%

Scanned image of the page. Keyboard directions: use + to zoom in, - to zoom out, arrow keys to pan inside the viewer.

Page Options

Share

Something wrong?

Something wrong with this page? Report problem.

Rights / Permissions

The University of Michigan Library provides access to these materials for educational and research purposes. These materials may be under copyright. If you decide to use any of these materials, you are responsible for making your own legal assessment and securing any necessary permission. If you have questions about the collection, please contact the Bentley Historical Library at bentley.ref@umich.edu

February 01, 1974 - Image 3

Resource type:
Text
Publication:
The Detroit Jewish News, 1974-02-01

Disclaimer: Computer generated plain text may have errors. Read more about this.

Anglo-American Plan of Seizing Arab Installations Would Risk Soviet Intervention, Experts Say

LONDON (ZINS) — The
conservative London Econo-
mist reports that a joint
consultation by officials of
the British Foreign Office
and the Pentagon has pro-
duced a contingency p l an

2 U•S. Aircraft
Carriers Going
to Israel Soon

SAN FRANCISCO (ZINS)-
Israel is scheduled to receive
two American aircraft car-
riers, according to a story
carried by Defense and For-
eign Affairs Daily, a Cali-
fornia-based publication. The
carriers are said to be of the
ton class capable of
hing 20 large heli-
copters.
The report emphasizes that
the carriers could be used not
only for aircraft, but alSo for
the transport of parachutists.
Both vessels are of World
War II vintage but reported
to be in first-class condition.
They are now being reno-
vated, and will soon be ready
for delivery.
Payment for the ship s
would be covered by the
$2,200,000,000 arms assistance
for Israel recently enacted
into law by Congress.
Addition of these two car-
riers to Israel's fleet would
significantly shift the military
balance of power in the Mid-
dle East in Israel's-favor, the
report said.

r

OPEN NIGHTS 'til 91
OPEN SUNDAYS 12 to 5

calling for a military take-
over of Persian Gulf oil in-
stallations if the Arab pe-
troleum embargo continue in
force much longer.
According to the Econo-
mist, military advisers have
concluded that the takeover
could be accomplished with-
out serious difficulty by de-
ployment of American para-
chutists stationed in southern
Italy and by their British
counterparts based in Cy-
prus. Little resistance is ex-
pected from Arab forces in
the area.
Saudi Arabia is dedefend-
ed by an army of 36,000
men and an air force of 70
planes; Kuwait has 8,000
troops; Bahrein 1,100; and
Abu Dhabi 8,000. Military
experts estimate that a force
of 2,000 dropped by para-

chute under protective air
cover could seize and hold
the major oil fields in these
lands.
The proposed action entails
two possible risks: a military
reaction by the Soviet Union
and sabotage and destruc-
tion of the oil fields by the
Arabs.
Opinion is divided as to
what the Kremlin might do
with some observers predict-
ing a violent outburst from
Moscow but no active armed
intervention. Most experts
believe that the danger of
Arab sabotage would be
negligible.
In Tokyo Monday, Saudi
Arabian Oil Minister Ahmed
Zaki Yamani warned Japan
and European countries not

THE DETROIT JEWISH NEWS

to go to the Feb. 11 Wash-
ington meeting proposed by
President Nixon, if the meet-
ing is intended to seek a
confrontation with the oil-
producing nations.
Jack Anderson, in his syn-
dicated column, has accused
the Arabian-American Oil
Co. of using wasteful produc-
tion methods and secretly
encouraging Saudi Arabia to
increase oil prices.
He suggested that the Sen-
ate use its subpena power to
obtain date, including records
of all ARAMCO meetings with
Saudi oil minister, Yamani.
ARAMCO is comprised of
Exxon, Mobile, Standard of
California and Texaco.
(With the rising cost of oil
bringing increased revenue

Friday, February 1, 1974-3

to oil-producing n a ti on s,
American bankers, business-
men and other officials fore-
see a situation in which
ownership of U.S. properties
may be transferred to those
nations.
Eventually, the dollars be-
ing banked by Arab nations
will go into investment, much
of it in the U.S., according
to the Christian Science

Daily—Hospital—Sympathy

FRUIT BASKETS

Rodnick Bros.

21032 Grosbeck M-97

1 Blk N 8 Mile

Warren

PR 2-4350

World-Wide Delivery

Monitor's Harry Ellis.
One concern expressed by
Arabs is the "belief that the
U.S. economy is 'controlled'
by Jews, who would be
hostile to large-scale invest-
ment in the U.S.," Ellis
said.)

Audemars Piguet Ltd.

World's Ultimate in Watchmaker Skit
Authorized Agent for Sales 8 Service

George Ohrenstein

CERTIFIED MASTER WATCHMAKER
AND JEWELER

HARVARD ROW SHOPPING CENTER

tahser & 11 Mile

We still lead
the rate race
with the highest interest
on regular passbook savings
in Michigan.

NORTHLAND (Lot G)
EASTLAND (Lot 3)

Surwin's
Sale

EXACTLY

Think of it Special Groups at
EXACTLY HALF OFF — Coats,
Suits, Dresses, Gowns, Formals,
Raincoats, Pant Suits, Slacks,
Iters, Blouses, Skirts, Tops,
etc.

THIS IS HOW
THE SALE WORKS
$100 Items, Now . $50
$60 Items, Now . $30
$40 Items, Now . $20
$20 Items, Now . $10
$8 Items, Now . $4
$4 Items, Now . $2

Charge It at SURWINS

• Master Charge
• BankAmericard
• American Express

L

Annual Rate
on Regular Passbook
Savings Accounts.
Compounded and paid
quarterly with interest
computed from date of
deposit to date of
withdrawal.

At American Savings you come out on top again
with our new, higher 5.25% annual interest rate
on regular passbook savings. And to make
money matters even better, we figure your interest
right from date of deposit to date of withdrawal
compounded and paid quarterly. This gives
you an effective annual yield of 5.355%.
Of course, we offer even higher rates on our

certificate accounts. However, the federal govern-
ment requires certain interest penalties for with-
drawing from certificate accounts before maturity.
So we suggest you keep a sufficient portion of
your funds in our regular account. That way
you won't get caught short by an emergency.
And you'll be earning the highest interest on
regular savings in Michigan!

ameriean saw'

Accounts insured to $20,000 by Federal Savings & Loan Insurance Corporation

Main Office: 24700 Northwestern Hwy., Southfield 48075 (313) 354-1300 • Offices throughout Metropolitan Detroit

353-3146

Back to Top

© 2024 Regents of the University of Michigan