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July 06, 1984 - Image 1

Resource type:
Text
Publication:
The Detroit Jewish News, 1984-07-06

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

Rome synagogue terrorist released 18

Detroit media debate on Israel fizzles 25
Israeli psychologist is aiding U.S. soldiers 30

Three room& damaged in Beth Yehudah fire

THIS ISSUE 40c

■ •.[ • ,,.,

EWS

SERVING DETROIT'S METROPOLITAN JEWISH COMMUNITY

milt facing.
con c - omic woes.-

Jerusalem (JTA) — The Israeli
government's income from various
taxes declined by 16 percent in June,
continuing a trend of several months,
it was reported this week.' The cowl-
' try's foreign currency reserves also
dropped by $49 million in June.
Economists hold the dwindling
tax revenues responsible in part for
the large-scale printing of money by
,the Israeli treasury and galloping in-
flation, currently running at an an-
nual rate of 350-400 percent. The
main decrease in tax revenue was
from income taxes which were 26
percent lower last month than in
June 1983.
The foreign currency reserves
stand at a dangerously low $2.9 bil-
lion. The decline was slowed after the
state transfprred some $150 million
-fromebroad. The decreasing reserves
were attributed to recent panic buy-
ing of foreign currency by the public
who fear drastic economic austerity
measures after the July 23 Knesset
elections. Last month alone,' indi-
.7;- viduals purchased about $250 mil-
lion from the state which is three-to-
four times the amount of such pur-
chases in June 1983.
The large-scale printing of
money is another symptom of the
precarious state of the economy. The
Bank of Israel printed about 61.6 bil-
lion new Shekels between April and
June, more than half in the latter
month.
Meanwhile, the economic prob-
lems are also being seen in growing
labor unrest. Broadcast journalists

--

Purely Commentary .....
Editorial
4
Singles
23
Synagogues
27
Danny Raskin
35
Women's News
Engagements
46
Births
49
Bar/Bat Mitzvahs .. . ...
50
Classified Ads....... 51
Business
- 61
Obituaries
63

I
t
ended their strike last Friday,
• 11'rk".
ing television and radio broadcasts
after a week-long black-out. But
labor unrest continued in some pub-
lic sectors. Firemen in the Haifa area
refused to answer alarms on Sunday.
Customs officials are back on the
job. But the 70,000 publicly-
employed engineers union and the
union of academics in the humanities
and social sciences have declared a
labor dispute and threaten to quit
Histadrut. They refuse to accept the
wage agreement Histadrut signed
with the government last week on
grounds that it does not take into
consideration the special qualifica-
tions required by engineers and uni-
versity instructors with post-
graduate degrees.
The engineers and professors
staged a mass demonstration outside
Histadrut headquarters on Tuesday.
The broadcast journalists appar-
ently won their dispute with the
state-owned Broadcast Authority.
The latter has agreed to increase
their salaries to the levels paid print
journalists.
Meanwhile, the Israel Electric
Corp. rationed power Monday to
avoid a total blackout that could 'be
the result of the strike by employees
of the state-owned utility.
Power officials were worried
that the three-day strike would force
the utility to "shed the load" because
of reduced generating capacity-while
the big coal-fired power plant at Had-
era was switched to oil. This meant
that certain parts of the country
could be temporarily blacked - out, •
hopefully for no longer than a half-
hour at a time, a spokesman said.
The oil-burning generators can-
not be cut in immediately because
the furnaces have to be cleared of ac ;
cumulated ash. Coal is a much
cheaper fuel in Israel and oil will cost
the Hadera plant an extra $500,000 a
day according to management. The
Energy Ministry said it would issue
immediate back-to-work orders to es-
sential
mployees to ensure
minimum production.
Meanwhile, tourists are suffer-
ing from •a strike by hotel employees -
who walked off their jobs MOnclaY.

CLOSE-UP

II

OF FAITH

In his unique interfaith work here, Rev. Jim
Lyons presents "a fearful challenge" to the
Christian community to confront its negative
attitudes towards Jews.

BY HEIDI PRESS and GARY ROSENBLATT

See Story On Page 14

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