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THE DETROIT JEWISH NEWS

Friday, January 3, 1986 5i

Wedding, Rehearsal and
Ceremony Assistance

(313) 363-4162

Lee Wolin

the

354-4433

ORCLESTRA

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•• • • 111. III • • • • • A • • • •

Jody Kane and Andrew Bean

Kane-Bean

Dr. and Mrs. Sherman Kane
of Southfield announce the en-
gagement of their daughter,
Jody Lee, to Andrew James
Bean, son of Mr. and Mrs.
Edwin Bean, also of Southfield.
This spring, Miss Kane will
receive a B.B.A. deffee in ac-

What does a Reform,
Conservative, Atheist, Orthodox,
Agnostic, and Reconstructiomst
Jew have in common?

counting from the University of
Michigan Business School.
Her fiance also will receive a
B.B.A. degree from the U-M
Business School and attend law
school in the fall.
A July wedding is planned.

Tektile...Firm..woct'close..

Tel Aviv (JTA) -- A year-long.
effort to find a .buyer for the
bankrupt ATA textile complex
in the Haifa Bay area has come
to an end. Finance Minister Yit-
zhak Modai announced this
week that negotiations for the ,
sale of the mills to an American
businessman, Jack Nasser, have
failed and arrangements are
being made to pay severance to
ATA's 1,200 employes, almost
all of them from the Haifa area.
The government, has allocated
$5.7 million for the closure. The
unemployment rate in the Haifa
area is expected to soar above
the national average.
A A was declared bankrupt a
ye t ago. The government
ced it hi the hands of a re-
giver whose task was to find a
buyer who was financially capa-
ble of running the plant without
massive subsidies. Negotiations
were conducted with a number
of business groups here and in
the U.S., but none apparently
was willing or able to meet the
terms set by the government.
ATA is not the only troubled
enterprise in the Haifa indust-
rial zone. The government-
face an
owned Haifa
uncertain future and possible
demise. There are no orders for
new construction and very little
repair work available.
Meanwhile, Israel's most am-
bitious hydroelectric project, the
Mediterranean-Dead Sea. Canal,
has been declared officially dead
as a result of the country's ongo-
ing economic problems.
The canal company's board of

,

Shipyards

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directors decided last month to
terminate the enterprise and
dismiss its employes. The ,dis-
posal of the $100 million in seed
money raised by the sale of Is-
rael Bonds in the U.S. and
elsewhere remains unclear.
In winding up the project, the
board blamed Energy Minister
Moshe Shahal for its demise and
urged the state comptroller to
investigate the developments
which forced the closure. Uri
Wirzburger, director of the canal
company, said in a statement
that it was impossible to run a
government company without
the support of the responsible
minister.
The canal, which was to
utilize the water power gener-
ated by the more than 1,000-foot
drop from sea level to the Dead
Sea to produce cheap energy,
was launched when the Likud
government was in office and
Yitzhak Modai, now Finance
Minister, was Minister of
Energy. His successor, Shahal,
is a Laborite, and, according to
Wirzburger, was hostile to a pro-
ject launched by Likud.
In other 'economic develop-
ments, Attorney General Yit-
zhak Zamir ordered a police in-
vestigation last week of possible
violations of currency laws by
the Labor-affiliated - Bank
Hapoalim.
Zamir said the nature of the
offenses attributed to the bank
justified a full-scale investiga-
tion by the police rather than an
inquiry by the Bank of Israel,
the country's central bank.

,

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