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August 08, 1986 - Image 18

Resource type:
Text
Publication:
The Detroit Jewish News, 1986-08-08

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

The HIGHEST
Money Market Rate
in the
Detroit Metropolitan Area
Among Major Financial Institutions-
- for —

123
Consecutive Weeks

Franklin
Savings

INSTANT LIQUIDITY

T RATES AS OF: 8-6-86

MONEY MARKET RATES*

FINANCIAL INSTITUTIONS

Franklin Savings

6.25

Comerica

5.50

Empire of America

5.73

First Federal of Michigan

5.65

First of America

5.55

Manufacturers

5.50

Michigan National of Detroit

5.60

National Bank of Detroit

5.50

Standard Federal

5.60

'Based on 52.500 deposit Some
minimum deposit requirements may
be lower Higher rates may be
avaliaole for larger deposits

HIGH YIELD

$10,000 $50,000 $100,000

MONEY FUND

MONEY FUND

MONEY FUND

6.35 % 6.53 6.45% 6.64 6.55% 6.75

Annual
Percentage
Rate

Effective
Annual
Yield

Annual
Percentage
Rate

Annual
Percentage
Rate

Effective
Annual
Yield

Effective
Annual
Yield

TAX DEFERRAL OR INCOME

Simple
Interest

7 %

7

Annual
Percentage
Rate

INCOME
■ Monthly
check may be

DEFERRED
■ Interest
paid at maturity,

issued or reinvested to
another Franklin Savings
Account

taxable April 15, 1988

Balance

MONTH
C.D.

of $2,000 or more. Limited time offer. Early withdrawal subject to penalty.

Ask About Our Other Full Service Products

26336 Twelve Mile Rd. • Southfield
(At Northwestern Highway)

(313) 358.5170

20247 Mack Avenue • Grosse Pointe Woods

881.5200

18 Friday, August 8, 1986

8.028001

,

FSLIC

18:0. Save. In...0808200000

Equal
Housing
Lender

THE DETROIT JEWISH NEWS

Unholy
Alliance

incumbent happened to be Democrat
Harold Wolpe, a Jew. But Silj ander,
another congressional far-right evangelist,
continues to be one of the largest reci-
pients of Israel-PAC money.
The Anti-Defamation League, in par-
ticular, seems to have decided that the
Christian right, which supports the state
of Israel as part of its theological view of
Armageddon, can be domesticated and
sensitized to other Jewish concerns. In the
course of an hour-long interview, ADL's
national director, Nathan Perlmutter,
spent most of the conversation defending
the likes of the Reverends Jerry Falwell,
Pat Robertson, and Bailey Smith, whose
remark "God does not hear the prayer of
a Jew" engendered bitter feelings when it
was uttered in 1982. Perlmutter pointed
out that Smith, the head of the Southern
Baptists, had subsequently apologized for
the remark, and had made a trip to Israel
accompanied by several Jewish leaders. (In
Israel, Smith made one more gaffe. Learn-
ing of an Israeli police program to etch
serial numbers on personal belongings as
part of an antitheft program, Smith
wondered aloud why they didn't just etch
the numbers on people's arms.)
Another prominent television preacher
and prayer-breakfast sponsor, The Rev-
erend Jimmy Swaggart, writes in his new
book, The Coming Peace in the Middle
East, that there has been so little peace in
the Middle East because "Israel as a peo-
ple turned their back on the God of
Abraham, Isaac and Jacob and embraced
pagan idols," and because Jews too often
yielded to "philosophies that have proved
harmful to mankind . . . . Consider, for ex-
ample Karl Marx, Sigmund Freud, Leon
Trotsky, and John Dewey [sic]."
Swaggart, in one broadcast, used foot-
age of the death camps to demonstrate
what befalls people who fail to embrace
Jesus Christ. As the film ran, Swaggart,
in a voice-over, intoned the names of
Jewish victims. This was too much even
for the ADL, which wrote a very tactful
letter expressing delight with the Rever-
end Swaggart's support for the state of
Israel, but advising him that the program
had apparently offended some Jewish
viewers. Swaggart wrote back that his in-
tent had been misunderstood. The death
camps, he said, did not represent God's
punishment of the Jews, but rather the
devil's work: "Whenever a person does not
accept Jesus Christ, he takes himself away
from God's protection. He then places
himself under Satan's domain, who kills,
steals, and destroys (St. John 10:10)."
From Perlmutter's perspective, the

Christian right needs to be educated, not
condemned. In an article in the December
1985 Reconstructionist, Perlmutter noted
that many fundamentalist preachers had
opposed the AWACS sale, and wondered
how many liberal religious leaders coulld
be counted on to do the same. Perlmutter
told me: "I'm not so sure Jerry Falwell is
out to Christianize America. Lumping all
these people together as the radical right
has become the contemporary counterpart
of Red-baiting. Sixty percent of Americans
favor school prayer. Are they all the
radical right?" This perspective appalls
many civil libertarians. Tony Podesta,
president of People for the American Way,
says, "Jerry Falwell is hostile at his core
to religious liberty, to the separation of
church and state, that are traditionally
associated with the Jewish community."
Although advocates of this strategy in-
sist they are making headway educating
right-wingers on other Jewish sensitiv-
ities, the message is slow to take hold. Ac-
cording to Herbert L. Solomon, writing in
the December 1985 Zionist periodical
Midstream, of the 12 most conservative
senators, all voted for the school prayer
amendment, only two voted to deny arms
to Jordan, and only two supported the
resolution urging Reagan to cancel the Bit-
burg visit.
As AIPAC and allied PACs have be-
come more bipartisan, it often happens
that prominent Republicans associated
with AIPAC are just as eager to deliver
the Jewish community to the Republicans
as they are to deliver votes for Israel.
AIPAC leaders who are Democrats, such
as Tom Dine, a former aide to liberal
senators Kennedy, Frank Church, and Ed-
mund Muskie, bend over backward not to
seem partisan. A decade ago, when most
politically active Jews were Democrats
and most pro-Israel Republicans were
liberals, agenda-mixing was not a problem.
For example, Robert Asher, the chair of
AIPAC's board, leans Republican. He is
particularly close to Republican senator
Mark Andrews of North Dakota, who
faces a tightening reelection race this year.
Andrew's Democratic opponent, Kent
Conrad, also pro-Israel, is unlikely to get
much Israel-PAC money. In a 1985 letter
to major Jewish donors, Asher urged Jews
to send $1,000 to Andrews-for-Senate. He
added, "I look forward to greeting you per-
sonally at the AIPAC Policy Conference."
Four years ago, as a favor to Andrews,
Asher steered some money to the oppo-
nent of North Dakota Democratic con-
gressman Byron Dorgan, whose record on
Israel is excellent.

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