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August 24, 1984 - Image 10

Resource type:
Text
Publication:
The Detroit Jewish News, 1984-08-24

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

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10 eriday, August 24, 1984

THC-Lithj fidli J ~ IIII I1 NEWS

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NEWS

GOP backs Israel

Continued from Page 1

The platform also calls terrorism
"a new form of warfare against the
democracies." It points out that Rea-
gan "has put the United Nations on
notice that the United States will
strongly oppose the use of the U.N. to
foster anti-Semitism, Soviet espion-
age, and hostility to the United
States.
"In another section, the platform
says that "the Republican Party
commends President Reagan for ac-
cepting the honorary chairmanship
of the campaign to erect a U.S.
Holocaust memorial in Washington,
D.C. and supports the efforts of the
U.S. Holocaust Council in erecting
such a museum and educational cen-
ter."
Support for Soviet Jewry is reaf-
firmed at the end of the section on the
Soviet Union.
Meanwhile, Richard Fox of
Philadelphia, chairman of the Na-
tional Jewish Coalition, and other
long time Jewish Republicans said
they believe that Reagan can in-
crease the 40 percent of the Jewish
vote he received in 1980.
As a sign of growing Jewish sup-
port for the Republicans, the number
of Jewish delegates and alternates
totaled 104 out of the 4,470 alter-
nates and delegates or 2.3 percent,
according to official Republican fig-
ures. In previous years there were
never more than 40.
Max Fisher, of Detroit, who has
been active in Republican campaigns
since 1960, said a "revolution" has
occurred in Jewish participation in
the GOP. He said he believes the
major reason is that Jews have be-
come more conservative and are
troubled by such issues as quotas and
the recent signs of anti-Semitism ex-
pressed by Rev. Jesse Jackson during
the Democratic campaign for the
Presidency.
Edgar Bronfman, president of
the World Jewish Congress, said that
he believed President Reagan will do
"very well" in the Jewish community
in this year's Presidential election
"better even" than in 1980 when he
received approximately 40 percent of
the Jewish vote.
In a related development, Wal-
ter Mondale, the Democratic Party
Presidential candidate, told four

prominent Jewish leaders that he
would "rather lose the election with
you (the Jewish community) than
win it without you," according to a
report in this week's Long Island
Jewish World. The meeting, de-
scribed as a private get-together, was
held in Mondale's home in Min-
nesota.
Attending the meeting were
Larry Weinberg, chairman of the
board of the American Israel Public

Jewish delegates and
alternates number 104.
Previously, there were
never more than 40.

Affairs Committee (AIPAC); Tom
Dine, AIPAC's executive director;
Theodore Mann, president of the
American Jewish Congress; and
Kenneth Bialkin, chairman of the
Conference of Presidents of Major
American Jewish Organizations and
president of the Anti-Defamation
League of B'nai B'rith.
The meeting was slated for only
30 minutes but lasted for three hours,
and although a host of issues were
discussed, most of the discussion was
confined to the anti-Semitic out-
bursts that occurred during the
Democratic primary campaign, the
Jewish World reported. ,
In a related development, the
Detroit Free Press reported Sunday
that Michigan Democratic Sen. Carl
Levin has received $140,063 from a
group of 54 political action commit-
tees that back Israel.
According to the Free Press re-
port, the committees have names
that don't reveal their political pur-
pose.
In 1982, Michigan's other Sena-
tor, Donald Riegle, received $30,000
from the pro-Israel PACs. Other
Michigan recipients include Rep.
Mark Siljander (R-Three Rivers),
$16,800; Reps. Howard Wolpe (D-
Lansing), $8,500; Guy Vander Jagt of
Luther, chairman of the Republican
Congressional Campaign Commit-
tee, $5,300; William Broomfield (R-
Birmingham), $5,000; Robert Carr,
(D-Lansing), $1,000; and Sander
Levin (D-Southfield), $250.

,

Ampal Corp. announces
1984 second quarter results

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New York — Ampal-
American Israel Corp.
(AIS.A) reported that reve-
nues for the quarter ended
June 30 were $26,665,000
compared to $27,316,000 for
the same period in 1983.
Revenues for the first six
months of 1984 were
$52,522,000 compared to
$53,312,000 for the first six
months of 1983.
Net income for the second
quarter of 1984 was
$3,323,000, including
$947,000 of extraordinary
income, compared to

$5,595,000 for the same
quarter of 1983. Net income
for the first half of 1984
amounted to $6,390,000
compared with $10,146,000
for the same period in 1983.

Earnings per Class A
share for the quarter ended
June 30 were $.14, includ-
ing $.04 of extraordinary
income, compared to $.24
for the same period in 1983.
Earnings per Class A share
for the first half of 1984
were $.27 compared to $.44
for the same period the pre:

ceeding year.
Total assets at June 30
were $997,404,000 com-
pared to $996,228,000 at
June 30, 1983. Share-
holders' equity at June 30
was $87,454,000 up from
$75,201,000 at June 30,
1983
Ampal-American Israel
Corp. is a New York based
corporation principally
engaged in financing and
investing in financial, ,
industrial, . advanced
technological and agricul- .

tural 'ent6rprises in brag

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