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February 06, 1987 - Image 32

Resource type:
Text
Publication:
The Detroit Jewish News, 1987-02-06

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

WHAT ARE YOU PAYING
FOR TERM LIFE INSURANCE?

FEBRUARY
SALE

Compare these low, non-smoker
preferred annual rates for term insurance.

FLANNEL &
COTTON SHEETS,
BLANKETS,
COMFORTERS

MALE
AGES
25
30
35
40
45
50
55
60
65

$250,000
225.00
230.00
237.50
297.50
375.00
470.00
500.00
838.00
1428.00

$1,000,000 Plus

$500,000
415.00
425.00
440.00
480.00
520.00
655.00
970.00
.1650.00
2830.00

ALL ON
SALE
NOW!
SEVENTH
HEAVEN

CALL

ON

RATE

(Slightly Higher Rate for Smokers)
Renewable and convertible to age 100. Female rates same
as male 6 years younger. Rated A by A.M. Best Co.

Hunter's Square

MANFRED AND DAN WERNER INSURANCE

Orchard Lk. @ 14 Mile

Hours: M, T & Sat 10-6
W-F 10-9, Sun 12-5

33333 WEST 12 MILE ROAD, FARMINGTON HILLS

Medical evidence of insurability required.
Ni cigarettes in past 12 months.

855-3777

553-8000

I

V I 4* 1

TI -11PICAIDS

MASTER CARD

Hadal

VISA

contemporary women's fashions

ALWAYS 20% to 60% BELOW RETAIL

SPECIAL INTRODUCTORY SPRING SALE
4 DAYS ONLY

ALL PRICES REDUCED
—OPP- ANOTHER 10% WEDNESDAY, FEB. 4
ANOTHER 15% THURSDAY, FEB. 5
ANOTHER 20% FRIDAY & SATURDAY, FEB. 6 & 7

WEDNESDAY ONLY 10 a.m. - 8 p.m.
ALL OTHER DAYS 10 a.m. - 5 p.m.

SPECIAL BARGAIN RACKS TOO

PRIOR SALES EXCLUDED – ALL SALES FINAL

24901 Northwestern (At Evergreen)
Southfield, MI 48075

353-9526

SOMETHING FOR YOUR
SWEETHEART

GIVE HER A DAY OF PAMPERING

GIFT CERTIFICATES FOR:
HAIRCUT, STYLE, MANICURE &
MAKE UP APPLICATION

Reg. $54.00

Specially Priced at: $

call:

3 0.00

626-8020

exp.

2-28-87

29657 Orchard Lake Rd. • Farmington Hills • 626-8020

32

Friday, February 6, 1987

THE DETROIT JEWISH NEWS

NEWS

mum=

Israel Refutes Senate
Report On Arms Deal

Jerusalem (JTA) — Israel
flatly denied last Sunday that
it had any role in or knowl-
edge of the transfer of funds
from the U.S7Iran arms deal
to a Swiss bank account
maintained for the Nic-
araguan rebels known as
Contras.
The statement was in
response to allegations in a
Senate committee report that
funds for_the transaction were
traced in an "Israeli account"
in Switzerland from which it
was transferred to another
Swiss bank account control-
led by retired U.S. Gen.
Richard Secord who handled
aid to the Contras at a time
when Congress banned such
aid.
Prime Minister Yitzhak
Shamir and Foreign Minister
Shimon Peres received copies
of the report of the Senate
Select Committee on In-
telligence which was released
in Washington. Shamir's
spokesman, Avi Pazner, said
in a prepared statement that
the monies from the Iran
arms deal were paid "by the
Iranian representative direct-
ly into the account specified
by the Americans and no sum
of money transferred by the
Iranians remained in Israel's
hands or went through Israel
or its representatives."
Defense MInister Yitzhak
Rabin, in an Army Radio in-
terview, categorically denied
that Israel had sent weapons
to the Contras. But the
newspaper Maariv quoted
senior security sources as
saying that after intense lob-
bying by Lt. Col. Oliver
North, a National Security
Council (NSC) aide subse-
quently dismissed, Israel
agreed in October, 1986 to
send a shipment of several
hundred Soviet-made rifles to
the Contras. According to
Maariv, the shipment was
recalled before it reached its
destination because the Iran
arms deal had been exposed.
The newspaper previously
had published what it said
was the number of the ac-
count at the Credit Suisse
bank in Geneva where the
U.S. deposited funds from the
Iran arms sales for diversion
to the Contras.
Maariv claimed that the
account, No. IS 386430, was
registered under the name
"Lake Resources" and served
for transferring money to
suppliers of various services,
including the Israeli Defense
Ministry. The account was
administered by Secord and
North, the paper reported.
The immediate reaction
here to the report by the
Senate Select Committee was
that it was lacking in impor-
tant details because several

key American witnesses had
refused to testify. The
Knesset's Foreign Affairs and
Security Committee is ex-
pected to take up the matter.
Committee chairman Abba
Eban said that the committee
would have to investigate all
aspects of the Iran arms deal
to determine exactly what
Israel's role was in the affair.
According to Defense
Ministry sources, members of
the U.S. National Security
Council asked Rabin several
times that Israel sell arms to
the Contras but Rabin ab-
solutely refused. The Maariv
report quoted senior officials
as saying that "Oliver North
drove us crazy with requests
to supply weapons to the
Contras."

New Economic
Package Signed

Jerusalem (JTA) — A new
econumic package agreement,
to remain in effect until March
1988, was signed by the gov-
ernment, labor and manage-
ment Tuesday. It is intended to
maintain economic stability in
face of price increases
triggered by the recent de-
valuation of the shekel and
government moves to cut pub-
lic spending.
The package deal was ap-
proved by the cabinet more
than two weeks ago and was to
have been signed then. But a
dispute with Histadrut over
government funding for its
sick-fund, Kupat Holim, de-
layed the labor federation's
endorsement until Tuesday.
It was made possible after
the Treasury agreed to con-
tribute 47 million shekels to
Kupat Holim for higher pay to
nurses and to keep abreast of
its needs. Kupat Holim pro-
vides health insurance and
medical care for about 85 per-
cent of the population.
A main feature of the new
economic package is: withhold-
ing 2.7 percent of the next
cost-of-living increment to
wage earners in order to pre-
vent a new inflationary spiral
resulting from the reduced
value of the shekel. The full in-
crement will be added to na-
tional insurance payments.
Other features of the pack-
age are: price controls on many
consumer goods to remain in
force until March 1988; no rise
in the prices of subsidized
goods and services, apart from
public transportation; income
tax reform, mainly lowering
the top bracket to 48 percent
from 60 percent, capital mar-
ket reform, with reduced gov-
ernment involvement in the
market effective April 1 and
government efforts to lower
interest rates.

,

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