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November 18, 1983 - Image 3

Resource type:
Text
Publication:
The Detroit Jewish News, 1983-11-18

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

sitlE PROM IFYIISH NEWS

RErida!, -10011 11 1er • 18,31983 3

Record Inflation in October Stuns the Israeli Public

.

(Continued from Page 1)
the declining demand for
apartments and housing.
Contractors forecast a
sharp rise in unemployment
in the building trades as
building starts would be re-
duced immediately.
The Histadrut trades
union federation is pressing
for the payment to all

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salaried and employed per-
sons, within the coming
weeks, of an interim cost-
of-living increment at least
equal to the COL rise, in ad-
vance of the next regular
COL index payment in
January.
Iiistadrut Director Gen-
eral - Yeruham Meshel
warned that if the in.ariufac-
With's, employers and gov-
errithent failed to pay such
in interim award, the coun-
try would be beset by in-
diistrial unrest which the
Histadrut could not or
Would not oppose.
Sobial workers in
JeruSalem reported a 50
percent increase in the
number of families apply-
ing to the municipal so-
cial* welfare offices for
aid in getting through the
Month.
They said that for the first
time they noted that many
of the new applicants, ask-
ing for aid for their chil-
dren's food or schooling,
were from the lower middle
class who had until now re-
frained from requesting
such aid.
The social workers report
an increase in violent be-
havior on the part of applic-
ants unready to accept exp-
lanations that no funds
were available in municipal
treasuries, as the definition
of needy was in the hands of
government ministries.
Israeli hospitals and
versities are facing severe
cash shortages. Some uni-
versity presidents have
predicted that some schools
will be forced to close next
month.
The director- of a
Tiberias hospital said

Israel Shrinks
Lebanon Force

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KEREN KAYEMETH LEISRAEL

JERUSALEM (JTA) —
Premier Yitzhak Shamir
said that Israel may be
nearing the end of its pre-
sence in Lebanon but re-
fused to say just when this
would be.
Rejecting the view that
Israel is somehow trapped
in Lebanon, Shamir said in
a television interview that
the end was in sight. "How-
ever, there are some obsta-
cles which must be over-
come."
He stressed that Israel
has achieved its main objec-
tives in Lebanon, destroy-
ing the Palestine Liberation
Organization's infrastruc-
ture in that country and
keeping the terrorists far
from its borders.
"We have no interest to
continue the war but we
must make sure that we
are not attacked by the
terrorists once we leave,"
he said.
Shamir noted that there
already has been a substan-
tial reduction of Israel's
presence in Lebanon. The
Israel Defense Force oc-
cupies a smaller territory
and is deploying smaller
forces.
He expressed hope that in
the near future, the Israeli
presence could be reduced
even more."

-

anyone who broke a leg
next week would have to
limp to the hospital, and
bring his own bread,
bandages and headache
pills. "We won't have any
to give him or her," he
said.
The Ata textile complex,
which employs some 6,000
Workers in Haifa and the
Galilee, said it may be
forced to close next month
because of delays in gov-
ernment aid.
The anticipated 180 per-
cent inflation for 1983 is
double the rate forecast by

3

former Finance Minister
Yoram Aridor who had
claimed that his "correct
economic policy" would re-
duce inflation to below 100
percent. Now, for the first
time, economic reporters
are beginning to talk of
"hyperinflation" on the
lines of the German catas-
trophe of the 1920s.
A sign of the times is the
issuance of a new 1,000
Shekel banknote, bearing
the picture of the Rambam.
The largest banknote at
present is the 500-Shekel
denomination. Bank of Is

rael sources disclosed that a
2,000-Shekel note has been
prepared for cicrulation.
On Monday, the Israeli
Treasury reduced sub-
sidies for basic food
items, froze civil service
hiring and ruled that Is.:
raeli banks must transfer
98 percent of their
dollar-linked deposits at
their foreign branches
'back to the central offices
in Israel.
Food prices rose 14-19
percent as the goverment
seems to be moving toward
an end to all subsidies. The

bank ruling was taken to
stem the flow of foreign cur-
rency reserves out of Israel.

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