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October 23, 1987 - Image 32

Resource type:
Text
Publication:
The Detroit Jewish News, 1987-10-23

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

GOT A QUESTION?

)(4( LAMP $14101:

Jewish Information Service

1.11111•■

Stock Market

TUES.-FRI. 9-5:30
THURS. 9:30-8
SAT. 9:30-4

Continued from Page 23

Call 967-HELP

851-5777

6682 Orchard Lake Rd.

Monday-Friday
9:30 a.m.-4:30 p.m.

West Bloomfield Plaza

FIGHT
THE BIG "F"...

Gifts that are as
wondoful to live with as
they are to behold
from . . .

FURNITURE
FADING

SOLAR SALES, INC.

537-7900

Dealeu ritho
Aprz
pi ned
eator

Sun Control Products

C'HAT'S MY BO''
TRENDS

and gallery

POTTERY TO HANDBLOWN GLASS
PAINTINGS TO JEWELRY
AND HOME ACCESSORIES.

APPLEGATE SQUARE
Northwestern Hwy & Inkster

Boy's & Young Men's
Clothiog

LOEHMANN'S OF HUNTERS SQUARE MALL
14 Mile & Orchard Lake Rd. • Farmington Hills • 855-4488

ways 200/0

Hours: Mon., Tues., Sat. 10-5:30 Wed., Thurs., Fri. 10-9 Sun. 12-5

01

The New Breed Jaguar XJ6

"...world-class handling,
and ride, and refinement,
anent,
all in the one chassis.

PERFORMANCE CAR November 1986*

,

The new breed Jaguar XJ6 sedan moves
swiftly and surely.
With unique "pendulum" isolation, its
fully independent suspension tunes out
road imperfections without turning
spongy. It achieves a near perfect balance
of agile handling and supple ride.
Its new double overhead cam six cylin-
der engine, with 24 valves, provides
authoritative response and extraordinary
high speed capabilities. Yet its serenely
silent cabin surrounds the driver and pas- ---

sengers with the Old World splendor of
supple, fragrant leather and fine wood.
If you'd like to experience all of the
world class qualities of the new XJ6,
please call or visit our showroom. We'll be
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ENJOY TOMORROW. BUCKLE UP TODAY.

AGUAR

A BLENDING OF ART AND MACHINE.



*Previewed in Europe

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1815 MAPLELAWN. TROY

32

FRIDAY, OCT. 23, 1987

BETWEEN CROOKS AND COOLIDGE
OPEN MONDAY AND

THURSDAY UNTIL 9 P.M.

aren't doing well," meaning
that their giving continues at
high levels despite business
arrears.
As for the philanthropic
and endowment funds, the
degree of harm will depend
upon how heavily they are in-
vested in stocks, he explained.
"The smaller the federa-
tion, the less likely they are
to have been involved in any
of this area. Conversely, the
larger federations are more
likely to be involved in such
equities, but as a rule they
have balanced portfolios.
They are also very conser-
vative," Kessler said.
Federation philanthropic
fund investment in stocks can
range from nil to 50 percent
of the total, according to Nor-
man Sokoloff, a former CJF
staffer who now serves as ex-
ecutive vice president' of the
Jewish Communal Fund of
New York, an independent
endowment organization
allied with the UJA-
Federation of New York.
Thus, he sees the stock
market decline as potentially
harmful for some federations.
Of course, he said, "it's all ac-
cording to what they're in-
vested in." His fund has about
13 percent of its $218 million
invested in stocks, he said.

Sokoloff said despite the
stock market debacle, he is
confident of economic
recovery, because of the
relative strength of other
leading economic indicators
— the inflation and
unemployment rates and cor-
porate growth. If the economy
does recover, the fund will
likely grow and any new
Jewish philanthropic pro-
blems in general will decline.
The United Jewish Appeal,
which channels federation
contributions to Israel, releas-
ed an optimistic statement
Tuesday: "We follow, as do
others, developments concer-
ning the stock market, but we
have no immediate indica-
tions that we would be af-
fected. Our campaigns have
continued to increase each
year for many, many years,
regardless of the fluctuation
of the stock market.
Historically we have con-
tinued to show increases, and
we are optimistic that this
will continue to be the case."
A spokesman noted that the
1987 campaign, which will
end in December, has amass-
ed an estimated $725 million.
He added that most gifts
reaching UJA were in cash,
not in stocks.

David Hoizel contributed to this
report.

Gulf Involvement Taught
U.S. About Mideast

New York (JTA) — A Middle
East Scholar visiting the
United States has wondered
at the naivete of Americans
vis-a-vis the Persian Gulf, and
the perception_ that Israel
wants the Gulf War to
continue.
Dr. Yossi Olmert, research
scholar at the Dayan Center
for Middle Eastern Studies at
Tel Aviv University and a lec-
turer at the school's depart-
ment of Middle Eastern and
African studies, was in the
United States recently.
In an interview, the 38-year-
old scholar, who is the
youngest brother of Likud
M.K. Ehud Olmert, sat and
marveled at the long-time in-
sistence of Americans to view
the Arab-Israeli conflict as
the dominant policy issue fac-
ing the Middle East while ig-
noring other areas of poten-
tially dangerous contention
in the region.
Now, he noted, Americans
are being unavoidably con-
fronted by other Mideast
dynamics through daily news
dispatches from the Persian
Gulf.
"Americans have not been
talking about the gulf till
now. There has also always

been this naive notion that
the Mideast has always been
the Israel-Arab conflict — 'put
pressure on Israel and
everything will be ok.' The
Mideast is such a complex
configuration of problems?'
Olmert also expressed skep-
ticism that America has a
clear-cut, intelligent ap-
proach to its elevated involve-
ment in the Persian Gulf.
Olmert wanted to ensure
that Americans remembered
who, indeed, struck the first
blow that began the now
seven-year-long Gulf War.
"The Iraqis attacked Iranian
shipping. If America really
wants to protect free naviga-
tion in the gulf, they have to
be even-handed in that sense,
to make sure the Iraqis don't
go crazy?'
He took aim at America's
short memory in the gulf, say-
ing "America seems to forget
that Iraq killed 37
Americans." His suggested
response? "Tell the Iraqis and
the Iranians that they can ex-
pect the same treatment from
America. Instead, what is
happening in reality is that
the Iraqis have an American
umbrella."

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