tnnay, uctoner 14, ISJ I I Itit ULIKUII-JEWIIII NEWS • Economy Riles New Government Coalition Aridor which were aimed (Continued from Page 1) tional Religious Party, who primarily at fighting in- is attending a conference in took effect, stayed home. flation. Shelves swept clean in South Korea. Inflation is now expected The next round of in- the buying spree were to soar to an annual rate of replenished but there' creases will hit public ser- 160-170 percent this year. were few customers vices such as transporta- Long term inflation pros- Wednesday willing to pay tion, electricity and water. pects are hazy. This has put the new prices. Virtually A third round to follow will the Shamir government on everything from basic up the prices of all imported a collision course with His- goods. Locally-produced food stuffs to gasoline tadrut and possibly with soared in price because items will be more expen- one of its coalition partners, the government with- sive because of increased Tami, which represents the drew or drastically re- production costs. low income Shephardic Economists generally duced its subsidies. community. supported these mea- The rush on foreign cur- A clash appears inevita- rency has also been stem- sures as the absolute ble because the new gov- med. At the new rate of minimum necessary to ernment, for the first time, 82.74 shekels to the U.S. pull the national has stated its intention not dollar there were few economy from the brink to compensate wage- buyers. But jewelers re- of disaster. They repre- earners fully for the de- sent a sharp departure ported a brisk trade in gold valuation — the reduced and jewelry. Eighteen carat from the past policies of gold sold Wednesday 1,235 * * * shekels ($14.93) per gram. There was also a rush to buy apartme'nts to replace bank stock and foreign currency Yitzhak Shamir (Herut) — premier and foreign minister. as an investment. All imported goods are David Levy (Herut) — deputy premier and minister of housing and construction. now priced 23 percent higher than last week, re- Pesach Crupper (Liberal) — agriculture. flecting the 23 percent de- Mordechai Zipori (Herut) — defense. valuation of the shekel. Haacov Meridor (Herut) — economics and interminis- terial coordination. People who had already purchased new cars at the Zevulun Hammer (National Religious Party) — education and culture. former rate were forced to come up, on average, with Yitzhak Modai (Liberal) — energy and infrastructure. an additional 500,000 Yoram Aridor (Herut) — finance. shekels ($6,200) before tak- Eliezar Shostak (Laam) — health. Yosef Burg (National Religious Party) — interior; religious ing delivery. affairs. Pressure is mounting in the new Cabinet to dump Moshe Nissim (Liberal) — justice. Aridor, but Shamir has no Aharon Uzan (Tami) — labor and social welfare; immig- rant absorption. intention of changing the personnel of his govern- Yuval Neeman. (Tehiya) — science and development. ment at this time, sources Avraham Sharir (Liberal) — tourism. close to Shamir said. They Gideon Patt (Liberal) — trade and industry. did not rule out changes at Haim Corfu (Herat) — transportation. some later date after the Ariel Sharon (Herut), Mordehai Ben-Porat (Independent) and Sarah Doron (Liberal) — without portfolio. stability of the coalition is assured. • •••••••••••••••• Aridor's policies are widely blamed for the •• THE FAMILY JACOBS' KOSHER Watervie current economic crisis ALL Rooms TV • Air Conditioned and there is rising feeling Color Dietary Laws • Refrig • Strict among the Herut leader- Music • Entertainment ship that his replacement • Social Prog rams Free Chaises O pen all year is a political must. P ool • Diet Catering Individual Pampered! • 5th & COLLINS But media reports that Prepare MIAMI BEACH, FLA. 33139 senior members of Herut 110 4110 RESERVE NOW FOR WINTER • were negotiating with • • former Defense Minister 3 Meals Shabbos Ezer Weizman to return to 2 Meals Daily, Resident M asttgis ch government brought an vices INCLUDES MEALS Synagogue • • Ser angry outcry from the coali- • Per Pers. Day, Dbl. Occ. ERIC JACOBS. Owner-Mgmt. tion's far-right which has an 50 01123 rooms 804-327-3110 • Dial Free: aversion to Weizman be- to DEC.1 cause of his role in negotiat- w 555055555555555 5 *. ing the Camp David accords and the peace treaty with Sh. Mei Egypt. The Knesset had voted 60-53 on Monday to ap- prove the new coalition government headed by Yitzhak Shamir. But the political change was overshadowed by the economic crisis. The 60-53 vote in the Knesset for the new gov- ernment deprived Shamir of his absolute majority in the 120-member parliament by the deliberate absence of Yigael Hurwitz (Indepen- dent), the former finance minister, in an expression of dissatisfaction with the economic policy. But the coalition margin is in fact sound: it stands at 64. The two other MKs who were absent, in addition to the ailing Menahem Begin, were Aharon Abu Hatzeira, who began serving a prison sentence last week, and Av- raham Melamed of the Na- The New Cabinet • • • • • • To Be • • MIAMI BEACH OCEANFRONT BOARDWALK HOTEL • • ;$28 buying power — of the na- tional currency. That means that the next cost-of-living increment — the traditional hedge against inflation for Israeli workers — will be lower than it ordinarily would have been. In the past, such moves have been made only with the agreement of His- tadrut. 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