32 Friday, November 15, 1985 THE DETROIT JEWISH NEWS :77 :1 CAPITOL REPORT LTER 4veipeni-.it JOA ea 1)1i LEASING' Of Harvard Row Year-End Talks Designers of Fine Furs Complete Fur Service We pick up and de- liver when service is IMPORTS & DOMESTIC required and pro- all makes vide a free loaner on request. You are involved only for ac- We also sell prev- tual maintenance iously owned lease charges — not for cars. Capri's special han- dling, nor for the cost of the loaner , . .. Continued from Page 1 II MILE & LAHSER Phone: 358-0850 •••••••••• • DIAMONDS — PEARLS+ ♦ A new,. inexpensive way to purchase fine' V diamonds and pearls. —v ♦ Buy the direct way at tremendous savings. A V Personal service with 40 V years of experience. .4 ♦ Find out more by •• calling . MARTIN LATTIN 4 GREG DUFF STEVE CLARFELT General Manager Sales & Service • • • •••• • ••••• • * 354-6356 Update your Sterling Silver and Jewelry appraisals at very reasonable prices. 26431 Southfield • Lathrup Village • 569-6900 The Professionals' Choice For Investors Salomon Brothers • IIII 1 4 1 it 1111/e0 s. Thitet MICHIGAN INSURED TAX-EXEMPT SERIES NUMBER 1 8.58% DOUBLE-TAX-FREE* 101110AN For 75 years investment professionals have turned to Salomon Brothers for its advice and expertise on financial mat- ters. Now. you can take advantage of that same expe-rtise as Salomon Brothers announces this double-tax- free product designed for Michigan investors like yourself. This Salomon Brothers Unit Investment Trust offers you a combi- nation of benefits that make it one of the most attractive tax-exempt oppor- tunities available to Michigan investors today. ■ Double-tax-free monthly income* ■ Insured payments of principal and interest'• ■ The Units in the Trust rated AAA by Standard & Poor's ■ Convenience ■ A diversified. fixed portfolio of Michigan Municipal Bonds ■ No management or redemption fees ■ Liquidity at the then-current net asset value III Minimum investment of approxi- mately $1.000 And, of course. you enjoy the benefit of having Salomon BI others bond experts select the bonds which make up the Trust. For a free brochure and Pro- spectus containing more complete information (including charges and expenses) about putting the Salomon Brothers Unit Investment Trust to work earning you double-tax-free monthly income. contact the Investment Rep- resentative listed below. Naturally there is no obligation of any kind. Please read the Prospectus carefully before investing or sending money. For more information, contact: First of Michigan RDM Corporation qtr mi tt ClS Nork k ht hangt., • Your ear flings are tree from federal state and local income taxes However capital gains if any will be subject to tax This current return represents the net annual interest income after estimated annual expenses. divided by the public offering pricr• of Si .014.88 per unit on 10 25 85 This current return will vary with changes in the public offering price interest income or annual expenses • •Insurance on municipal bonds in no way assures market value which will fluctuate with changes in market conditions The AAA rating from Standard & Poor s results from insurance relating only to the bonds and not to insurance on the units of the Trust The Insurance does not remove market risk since it does . John G. Hoagland 1000 W. University Rochester, Michigan 48063 Phone: (313) 651-8880 not guarantee the market value of the Trust units The prompt payment of bond interest and principal is insured The terms Of the insurance are more fully described in the Prospectus No reorescsritatioilis made as to the insurer s ability to meet its commitments This advertisement is neither an offer to sell nor a solicitation of an offer to buy any of these securities The offering is made only by the Prospectus Copies of the Prospectus may be obtained in any State in which this announcement is circulated only from such dealers or brokers as may lawfully otter these securities in such State 4 that Peres and Hussein did in- deed meet secretly in Paris last month. Secretary of State George Shultz, at a recent State De- partment news conference, touched upon some of the re- maining obstacles standing in the way of such face-to-face talks between Israel and a joint Jordanian-Palestinian group. He conceded that the matter of an international umbrella for such talks has not yet been ironed out. He also spoke of the failure to find credible Palestinians op- posed to terrorism. "We think that the way to go in the Middle East is not a big conference but direct negotia- tions between Israel and Israel's neighbors," he said. "So that's what we have been struggling to help bring about." The Secretary referred to King Hussein's proposal for "appropriate international au- spices," adding pointedly: "Prime Minister Peres has picked up on that. But it's still not clear just how to define `appropriate international au- spices.' But however it's defined, the name of the game is to get to direct negotations. And that's what we are seeking." Shultz said the U.S., at the *summit, would make that very clear to the Soviets. "We're pre- pared to explain that and ex- plain why, and I don't know how much time will end up devoted to Middle East issues. But, obvi- ously, it's ari important set of subject matters." Other U.S. officials said the major focus of the summit would, of course, involve ongo- ing arms control efforts. But they agreed that several "regional" issues, including the Middle East, would be on the agenda. At his news conference, Shultz was also firm in rejecting the PLO in its present form even as he held out the possibility that some of its members could be involved if they should renounce terrorism. "The PLO has been involved, in recent weeks, as in the past, in acts of terror and violence, and I don't see how those who are perpetrating terror and vio- lence against one of the parties deserve a place at a peace ta- ble," he said. "So, those who are ready to sit down with Israel and try to work out peace, those who accept Resolutions 242 and 338, and those who are prepared to stop the so-called 'armed struggle' deserve a place at the peace table, whatever their label may be, and those who aren't willing to do that don't deserve a place, in my opinion." Shultz and other senior U.S. officials have been outraged in recent weeks by several PLO ac- tivities — not only those sur- rounding the takeover of the Achille Lauro and the murder of Leo Klinghoffer, the 69-year-old American tourist. U.S. intelligence has agreed with the Israeli assessment that the mainstream Fatah wing of the PLO — those members still loyal to chairman Yassir Arafat — have also been directly impli- cated in other terrorist efforts, including the murder of three Israelis abroad their yacht at Larnaca. U.S. intelligence, like Israel's, has also implicated Fatah in several unsuccessful sea-borne operations aimed against Israel in recent months. The PLO's dual-pronged approach of com- bining soft-spoken diplomacy aimed at increasing its interna- tional recognition with ter- rorism has failed, at least in Washington. The new U.S. Ambassador to the United Nations, Vernon Walters, is one of the most out- spoken opponents of the PLO Shultz and other senior U.S. officials have been outraged in recent weeks by several PLO activities within the Administration. He views the organization as simply one dedicated to terror and the eventual destruction of Israel. He also believes that Arafat and those PLO members loyal to him are basically anti- American. Walters has good reasons for this conclusion. When he served in an earlier Administration as a high official of the Central In- tellience Agency, this reporter has learned, he heard an actual tape recording, intercepted by U.S. intelligence, of Arafat per- sonally ordering the execution of an American ambassador. That recollection, Walters has told associates and others, has always remained firmly entrenched in his mind. It helps to explain why he was so tough in rejecting the PLO — almost under any circumstances — dur- ing an interview last week on American television. Unlike other U.S. spokesmen, Walters did not repeat the long-standing U.S. conditions for recognition of the PLO. He simply said no; the PLO was unacceptable. Walters, of course, is not alone. Certainly, that is the prevailing view within Israel, even among Labor leaders. That is also the assessment of most of the American Jewish leadership. Thus, Ted Mann, the president of the American Jewish Congress, has written a lengthy and thoughtful article in the new issue of Moment magazine opposing any talks with the PLO. The article is significant since it was Mann who recently led a group from the American Jewish Congress for talks with King Hussein and Egyptian President Hosni Mubarak. That mission was sharply criticize by Deputy Prime Minister and Foreign Minister Yitzhak Shamir. But Shamir need not have