24
Friday, January 4, 1985
THE DETROIT JEWISH NEWS
ad, PRESENTS
NEWS
A Children's Concert
featuring
TORONTO'S
neffitillA
Modal dismisses bank inquiry
Orchestra & Singer).
Jerusalem (JTA) — Finance
Minister Yitzhak Modai said
Tuesday that Israel has nothing
to fear from a full-dress inquiry
into the collapse of commercial
bank shares in October 1983, the
subject of a scathing report by
State Comptroller Yitzhak Tunik
released Monday.
Tunik's report accused Israel's
largest banks and their senior of-
ficials of manipulating the shares
— buying and selling them so as
to inflate their price.
Tens of thousands of small in-
vestors sustained severe financial
losses when fear of a new, sharp
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The Life Cycle Series
Aging Without Getting Old
Myths and facts about aging
How to add years to your life
and life to your years.
January 15
What Makes Relationships
Meaningful?
. Commitment means more
than marriage, a house and
children.
January 22
Talking With Your School-
Age Child
Open communication—the
basis of a good relationship
with your youngster.
January 29
Coping and Growing With
Your Teen-ager
How to communicate with
the teen-ager in your family.
February 5
Dealing with Divorce
How to help you and your
. children overcome the trauma
of divorce.
February 12
Living After a Loss
Learning to make the
adjustment.
February 19
Beyond Health and
Normality: 2000 Year-Old
New Ideas
Thrive rather than survive: a
summary of the lecture series.
John Flatter, Ph.D.
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devaluation of the shekel precipi-
tated a mass dumping of the bank
shares in order to buy U.S. dol-
lars. The government acted to
staunch the flow by subsidizing
the price of the shares.
Addressing a group of Anglo-
Jewish journalists, Modai said the
inquiry at the very worst, would
force the heads of some banks to
resign. This would be very sad, he
said, "but so what? What does that
have to do with the banks them-
selves? The banks are solid and
the value of the bank shares is
guaranteed by the government,"
Modai said.
He spoke in response to a ques-
tion about reported fear in bank-
ing and financial circles that an
inquiry might undermine confi-
dence in Israeli banks at home
and abroad. The banks hold bil-
lions of dollars in deposits from
individuals and companies over-
seas, many of them Jewish or
Jewish-owned.
Modai stated that the inquiry
probably would not produce in-
formation that is not already
known. "What it would be good to
avoid, however, is the time-lapse
between the appointment of a
commission of inquiry and the
submission of its findings. During
this period people would imagine
all sorts of things," Modai said.
Premier Shimon Peres this week
named a three-member panel to
conduct the inquiry.
Consultations are already
underway between key ministers
and members of the Knesset's
Control Committee over the
commission's terms of reference.
Several members of the Knesset
panel proposed that the heads of
the banks involved and the sev-
eral government economic figures
criticized in Tunik's report be
allowed to state their case before
there is a final decision on how the
commission will operate.
Ethiopians arrive in Eilat
Jerusalem (JTA) — The town of
Eilat extended a warm,
enthusiastic welcome to a group of
Ethiopian Jewish immigrants
who arrived there to settle last
week.
The newcomers were greeted
with smiles, flowers and food
when they arrived at the seven-
story apartment block that will be
their home. They will share the
building with government-
appointed counselors whose job is
to help them adjust and integrate
into their new surroundings.
The Army Radio reported that
each flat in the Eilat block is
equipped with a refrigerator, gas
stove and water heater, amenities
the immigrants never saw in
Ethiopia. Part of the task of the
counselors will be to teach them to
use these apurtenances of modern
living.
But the Ethiopian olim are not
welcome everywhere in Israel.
The town of Yerucham in the
Negev has made it clear that with
the threat of unemployment
hanging over its residents, they
do not want newcomers compet-
ing for jobs with the townspeople.
The United Kibbutz Movement
has joined in the absorption proc-
ess to smooth the way for the
Ethiopian Jews. Its affiliated kib-
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butzim will offer ulpanim to teach
Hebrew to the youngsters and
pre-military service training. The
kibbutz leadership has stressed
that religious facilities will be
provided for these people whose
traditions and religion are tightly
linked to their way of life and
Jewish identity.
Even so, Uri Gordon, a Labor
Party member of the Jewish
Agency Executive and head of
Youth Aliya has expressed con-
cern that the cultural shock the
Ethiopians will experience in Is-
rael is sufficiently traumatic
without their being exposed im-
mediately to the essentially open
and secular society of the kibbut-
zim.
Kashrut abuses
net charges
New York (JTA) — An investi-
gation by the New York state At-
torney General has resulted in the
filing of criminal charges against
two companies accused of violat-
ing the state law prohibiting
commercial enterprises from pre-
senting non-kosher products as
kosher and the levying of
$150,000 in fines against a second
pair of alleged violators.
The two firms facing charges of
fraud are Rachleff Kosher Pro-
visions Inc., which also does busi-
ness as Royal Crown Kosher Pro-
visions; and Georgetown Kosher
Meats Inc. Both are located in
Brooklyn.
Educators meet
The 10th annual Conference on
Alternatives in Jewish Education
will be held Aug. 11-15 at North-
ern Illinois University in Dekalb,
Ill. The annual parley is spon-
sored by the Coalition for Alter-
natives in Jewish Education.