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October 05, 1984 - Image 37

Resource type:
Text
Publication:
The Detroit Jewish News, 1984-10-05

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

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Peputy Premier David Levy and Histadrut Director-General Israel
Kessar are shown at the conclusion of a meeting last week that discussed
Israel's economic crisis.

its basic needs, according to
the Central Bureau of Statis-
tics.
The new taxes will reduce
spendable income. The Treas-
ury expects to take in about
$150 million from improved
income tax collections; $400
million from th6 one-time levy
private cars, boats and air-
craft, securities and business
construction; and $350 from
reduced subsidies. Living
standards inevitably will de-

Israel cannot solve its 400
;p ercent annual inflation prob-
lem by allowing unemploy-
ment to develop, as other
countries have done, it was
stressed in Washington by
Tourism Minister Avraham
Sharir and Likud MK Ehud
Olmert.
Speaking to some 100
Jewish leaders participating
in the United Jewish Appeal's
third annual Hineni national
leadership meeting, both said
:hat large-scale unemploy-
ment would mean that many
young Israelis would emi-
grate. Shamir added they
would also make more difficult
the task of absorbing new im-
1, migrants.
Meanwhile, Israel has re-
duced its trade deficit for the

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first eight months of the year
by 25 percent, or $560 million,
it was reported by the Eco-
nomic Offices of the Govern-
ment of Israel in New York.
The pace of the improve-
ment quickened last month,
when the trade gap was nar-
rowed by 40 percent compared
to August 1983, according to
Uri Oren, an Israeli consul
and government spokesman.
If the decline in the trade de-
ficit continues at the rate for
the first eight months of the
year, he said, the 1983 deficit
of $3.47 billion would be re-
duced to $2.65 billion.

New publication
explains workings
of Jewish Agency

New York — The publication of
the first authoritative guidebook
to the Jewish Agency fOr Israel
(JAFI) was announced by the
United Jewish Appeal, its dis-
tributor in the U.S.
Understanding the Jewish
Agency was printed in Israel by
the Jerusalem Center for Public
Affairs under the editorial super-
vision of its director, former De-
troiter Daniel J. Elazar, and his
associate, Alysa M. Dortort. The
Center is an independent non-
profit institute for policy research
and education.
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