Arabs' Billions: Threats to Man y Economies
The extent of Arab power
that has begun to dominate
the world is described in a
series of articles in the Chi-
cago Tribune by Philip Ca-
puto. In one of he most re-
cent in the series, writing
from Kuwait City, Caputo
describes developments in
Arab lands as follows:
Shiek sabah al-Salem al-
Sabah, the emir of Kuwait,
rules a country the size of
New Jersey, but he is prob-
ably the world's highest-paid
chief executive. His salary
is $25,000,000 a year, 100
It i m e s that of President
Nixon's.
This is not extraordinary
in Kuwait, a country where
one citizen in 200 is a mil-
lionaire, where street clean-
ers and night watchmen
RABBI LEO
GOLDMAN
Expert Mohr'
guying
LI
Hospitals and Homes
2 !4444'
LI 1-97691
RABBI S. ZACHARIASH .
Specialized
MOHEL
In Home or Hospital
557:9666
_
p
REV. SIDNEY
RUBE
Mohel
3584426
0:1
357-5544
Cantor SAMUEL
GREENBAUM
Certified
MOHEL
Serving Homes &ifospitols
399-7194 — 54 7-7970
HERSHL
ROTH
i Certified Nobel
55 7 -0888 -
557-8210 -
I
earn $8,000 a year, and where
everyone, regardless of in-
come, enjoys free education,
free health care, free tele-
phone service and no income
tax.
It's much the same in most
of Kuwait's sister sheikdoms
on the Persian Gulf.
The rulers of these small,
opulent states are haunted by
the fear of what will happen
when the oil wells run dry.
Each tanker that sails away
brings that day a little closer.
When the vein of black gold
trickles out, these rags-to-
riches countries could sink
back to rags.
irtr ts
April 9—To Mr. and Mrs.
Alvin Gothardt (Joan Perl-
muter of Detroit) of Lake
Ronkonkoma, N.Y., a daugh-
ter, Michelle Erica.
• • •
April 4 -- To Mr. and Mrs.
Stewart H. Freeman (Sally
Coe) of Okemos, a son, Allan
David.
• • •
April 3 — To Dr. and Mrs.
Allan Fraiberg (Nancy Zei-
ger), 26300 Franklin Pte.,
Southfield, a son, Adam
Michael.
• • •
April 2 -- To Mr. and Mrs.
Michael H. Fenchel (Kath-
leen Burns) 39858 Village
Woode, Novi, a son, Kenneth
Warren.
• • •
April 2 — To Mr. and Mrs.
David Colton (Francy Fisher)
5042 Lake Bluff, West
Bloomfield, a son, Evan Neal.
• • •
April 1—To Mr. and Mrs.
Alexander T. Ornstein (Har-
riet Rozenblum), 23241 Rad-
clift, Oak P a r k, a son,
Charles Allen.
• • •
March 25—To Mr. and Mrs.
Stuart Levine (Susan Blavin)
21535 Independence, South-
field, a son, Howard Mark.
4.• • •
March 12 — To Capt. and
Mrs. Allen - Erle ( Minna
Erlebacher of Detroit) of
Vacaville, Calif., a son, Arieh
Benjamin.
ROZHINKES
mit
MANDLEN
6
THE JEWISH HOUR
JULES and MARY ABRAMS
News, Interviews and Beautiful Music
Every Monday, Wednesday and
Thursday, 9:00 to 10:00 a.m.
ON RADIO 1090
DiTREUTI
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7
THE DETROIT JEWISH NEWS
38 Friday, April 19, 1974
CLASSIFIED ADVERTISMENTS
—
Some are less haunted by
this vision than others, spend-
ing their money on personal
luxuries and on prestige pro-
Liners and display classified ads accepted from
jects of dubious value.
responsible firms or individuals by telephone
Ras al-Khaima, an emirate
smaller than most American
up to 2 p.m., Wednesday. For rates and in-
counties, has built a plush
gambling casino which is
formation .. .
hardly used, and is planning
an international airport, even
though the Unit ed Arab
Emirates already have two,
one in Abu Dhabi and the
10—ROOMS FOR RENT
other in Dubai.
13—APARTMENTS
FOR RENT
Sultan Qaboos of Oman re- NICE room in private home. Ga-
cently bought an expensive rage. T.I. 7-7288.
apartment, complete with COMFORTABLE room, cen. air,
SPACIOUS
Italian frescoes, on London's television. Prefer working woman
posh Park Lane and paid or female student. Northland-10 2 bedrm. opts. Convenient lo-
$25,000 for two Royal Wor- Mile bus line. 398-5578.
cation. Reasonable rent. OAK
NICE room for rent, single man. PARK GARDEN APTS.
cester dinner services.
968-6675.
Abu Dhabi, with a popula
for rent for working per-
tion of 80,000 and not a single ROOM
546-7471
son. 534-4049.
pilot among them, has pur
chased 32 Mirage jet fighters FEMALE — Luxury apartment,
master bedroom, pri-
from France at a cost of Southfield,
vate bath, kitchen privileges. 557-
13—APARTMENTS
FOR RENT
SOUTHFIELD MANOR
Greenfie!d at 10 1 /2 Mile
Deluxe 3 bedroom or 2 becI4
room plus den, carpeted thru- 1
out, air-conditioned, 2 fa d I
baths, all electric kitchen in-
cluding dishwasher, laundr
facilities, ample storage, brick
carport and swimming pool.
Near schools, shopping, bank
and syngs. Children welcome.
Sorry no pets.
CALL 424-8833
Office 557-00-,
Manager 559-7347 ,/
WALDEN
WOODS
-
$90,000,000.
Most of the oil princes,
'however, are planning for the
day about 20 or 25 years from
now when the oil runs out.
They are already drawing
blueprints for an economy
based on energy-related in-
dustries such as fertilizers,
petro-chemicals, steel and
shipbuilding.
This year, Saudi Arabia,
Kuwait and Abu Dhabi will
earn, respectively, in mil-
lions $20, $8 and $3. Half of
the total—about $16,000,000,-
000 — will be in currency
reserves.
A large portion of this huge
sum will be plowed into the
United States, the Arabs'
m o s t attractive investment
market.
Kuwait, for example, has
about $3- to $4,000,000,000
earmarked for the U.S. The
Kuwait Investment Co. has
already bought property in
South Carolina for $17,400,000
and will spend $100,000,000
developing it as a resort. The
same company has put up
$10,000,000 for 'a project in
downtown Atlanta, including
the new Atlanta Hilton and is
planning to buy the Chicago
suburb of Hoffman Estates.
Among other Arab invest-
ments in the U.S.:
A Puerto Rican refinery to
be owned jointly by a New
York firm, Saudi Arabia, and
Abu Dhabi has been pro-
posed.
Adnan M. Khashoggi, a
Beirut-based Saudi Arabian,
has acquired 50 per cent of
the stock of Security Capital
Corp., has purchased two
California banks, and has
$1,000,000 in California real
estate.
A group of Arab banks is
setting up the First Arabian
Bpnk and First Arabian Corp.
as vehicles for p u m pin g
funds — including money to
buy American banks — into
the U.S.
All told, the Arabs have
piled up American holdings
of about $15,000,000,000, and
that is expected to increase
20-fold within the next two
years.
What the oil princes fear
is the rise of an economic
Paul •Revere who will cry
"The Arabs are coming" and
urge Congress to freeze Arab
assets and nationalize their
holdings. In other words, they
are concerned that the U.S.
may do to them what they
have done to many American
investments in their coun-
tries.
9226.
WORKING WOMAN, kitchen priv-
ileges. 968-8387.
ROOM with private bath. 542-5077.
ROOM in a nice apartment, all
privileges, for a lady. Lincoln
Terrace, Oak Park. 968-5399.
NICE room for young man. LI 5-
1159.
NICE room in Oak Park, air con-
ditioned, bus on corner. Older
working woman. 968-2547.
LARGE room, kitchen privileges.
Couple or single. UN. 2-7818.
BEAUTIFUL furnished room in
modern air-conditioned apartment.
Shopping, transportation, parking.
531-4738.
10-E—ROOM WANTED
WORKING gentleman desires fur-
nished room: to rent. 843-7113 or
WE. 5-8821.
11—TO SHARE LIVING
QUARTERS
Roommate to share apartment
in Somerset, beginning of next
month. $130 per month, plus
$167.00 deposit. Call anytime.
Harvey Katz.
SOUTHFIELD'S
COUNTRY
CORNER 4.
APTS.
Most Unique
And Desirable
TOWNHOUSES
On a lovely wooded site
on West 10 Mile Rd.,
East of Telegraph.
2 bedroom Townhouse
21/2 bath
Family Room
Every Modern LUXURY
LUXURY 2 BEDROOM
2 BATH APTS.
•
•
•
•
•
•
•
•
Fully carpeted
Air conditioned
Sound conditioned
Balconies
Covered parking
Prestige location
Walk to shopping
Many features
From $347
Call
353-1372
30300 Southfield ::::
(SO. OF 13 MILE)
Phone Office 647-6100
--•
or Manager
647-2744
or see resident manager.
No pets.
it:
. !:i:
.:•:.:
:.:•
:„,
SOUTHFIELD
FAIRFAX
MANOR
TOWNHOUSES
Live with
a sense of
well-being &
security at
11 Mile, 2 Blks. W.
of Greenfield
NOW RENTING
with:
Luxury Townhouses
• 1225 Sq. Ft.
• 2 Bedrooms
• 1 1/2 Baths
• Central htg. & a/c
• Shag carpeting
• Traverse drapery rods
• 2-dr. frost-free refrig.
• Self-clg. oven _
• Dishwasher
• Disposal
• Food pantry
• Spacious closets
• Sound conditioning
• Individual basements
• Outdoor patio
• Children welcome
$325.00 PER MONTH
includes all utilities ex-
cept electricity.
Appliances by Hotpoint
649-3044
WOMAN to share lovely apart-
ment. Northland area. 559-1864.
12—EXTERMINATORS
APARTMENT
MANAGERS
have less tension with
ERADICO's pest prevention.
ERADICO TO 5-7900
16300 West 9 Mile
west of Greenfield
Office open 6 days, 10 - 6
13—APARTMENTS
FOR RENT
PHONE
557-9214
557-8100
FREE
MOVING
ALLOWANCE
TOWNHOUSE
RENTALS
SOUTHFIELD
LAHSER ROAD
BETWEEN 9 and 10 MILE
NEW 2 OR 3 BEDRMS.
PLUS FAMILY ROOMS
CHILDREN, PETS ALLOWED
COVERED PARKING
CARPET, APPLIANCES
AIR COND., 2 BATHS
SWIM POOL, CLUB HOUSE
$375
Northland area's most luxuri-
ous 2 bedroom, 2 bath apart-
ment ... with private balcony,
central ac, all-electric kitchen
with dishwasher, carpeting,
tennis court, swimming pool,
TV security guards, and more.
Heat/hot water included in
rent.
and
up
HIDDEN RIVERS
Call 356-8844
MT. VERNON TOWN
Southfield
MAGNIFICENT RENTAL TOWNHOUSES
2 and 3 bedrooms includes 2'/2 baths, top of the line
appliances, decorator carpeting, basement, heat and
hot water, club house and pool, garages, carport.
from
$385.00 per month
•
Mt. Vernon 1 1 /2 Mile) 1 block W. of Southfield Rd.
MANAGER 353-4242
OFFICE 353-3700
C
C