BUSINESS One Price mu PRICE a ti$, , ‘ 4t At % &)) 411) You Won't need it at One Price Cleaners O All items are only $2.79* each and every day! Shirts 99' every day! Highest quality cleaning around (hangers only) *No household items or fancy garments, some restrictions apply. 1111 Same day service. Price subject to advance payment. 2-piece minimum. m 0 CD on. • Same day service. 3 shirt minimum 31217 14 Mile Road a 932.3222 at the Triangle at 14 Mile and Orchard Lake Rd. (next to Office Max) Israel Bonds Continued from preceding page "Instead of competing with the dollars that might be go- ing to the federation or other Jewish charities, I've em- phasized that people have money sitting in all these plans." However, in the Feb. 25 issue of Barron's, a finan- cial news weekly, an edito- rial said municipal pension funds — which hold and in- vest money to finance the retirement of hundreds of thousands of government workers —"have no business buying State of Israel Bonds." "Our investment opinion: not for widows and or- phans," Robert M. Bleiberg wrote for Barron's. He based his evaluation on Israel's "socialist practices and policies now proven un- workable," its overwhelm- ing bureaucracy that seems to "stifle individual in- itiative and creativity" and the bonds' informal grading. The editorial said Israel Bonds, which are not formal- ly graded, carry an implicit Standard & Poor's rating of Triple B minus — "that's the lowest investment-grade rating on the scale." Letters to the editor in following issues of Barron's blasted the editorial. Writers said Mr. Bleiberg's comments were off base, "vindictive," "venomous," "extraneous" and "just plain vicious." Eli Warach, a tax attorney in Hackensack, N.J., who writes about investments, noted in his letter that the bonds are backed by the full faith and credit of Israel, which has never failed to pay its borrowers on time and in full. "We have done quite well selling to banks, outside pension plans, union plans and a number of states and municipalities," said Mr. Warach, a board member of the national Israel Bonds organization. "One of the keys is that Israel has never defaulted. That can't guar- antee the future. But you judge the future somewhat by what happened in the past." ❑ . One Price PRICE One Price A Variety of Choices Israel Bonds come in a selection of sizes and interest rates. JAY LECHTMAN INCORPORATED Special to The Jewish News T Quality Saunas Since 1964 Call 1-800- 225-7519 AFFORDABLE LUXURY For your home or business _ Custom built to your specifications or do-it-yourself! We provide design assistance to help you create the Sauna of your dream! SOUTH I 26630 Southfield Rd, Between 10% & 11 Mite Rd. (313) 557-6550 Hours: NIon.-Fri. 10-8, Sat. 10-6, Sun. 12-5 EXERCISE & FITNESS LOSE WEIGHT WITH ACUPUNCTURE You've probably tried to lose weight with all the usual ways. Acupunc- ture is an ancient Oriental way of therapy. It has proven very helpful in treating many of modern day problems and diseaSes. Losing weight is one of them. NOW is the time to make a change and lose weight with acupUncture. For further information, CALL NANKIN PROFESSIONAL CLINIC, P.C. Michael T. Nadolny, DO. 29200 Vassar, Suite 800, Livonia 54 FRIDAY, JUNE 28, 1991 477.7344, he Israel Bonds organ- ization offers several types of securities --- ranging from relatively inex- pensive, no interest cer- tificates to large, high-yield bonds. "Most people look at Israel Bonds and see them as the 4 percenter," said George Frankenstein, vice president of a national securities firm and chairman of the bonds campaign in Northern California. "They don't real- ize the magnitude of the others that are available." At the economy end are State of Israel $250 Cer- tificates. Popular as gifts for children and teen-agers, these bonds pay no interest. They are useful, however, should the holder of the cer- tificate travel to Israel, either in paying for the flight, or defraying the costs of a stay in the country. After a year, the cer- tificates can be used as cash to pay for tickets on El Al Israel Airlines. Within Israel's borders, they can be cashed for Israeli currency — $260 after one year, $275 after two, $295 after three, $320 after four and $360 after five years. Also after five years — when the certificate matures — it counts as $300 dollars toward the purchase of a $500 State of Israel Bond, which does generate interest income. Otherwise, the cer- tificate may be cashed in for the original $250 in- vestment. Current Income Bonds are the next most affordable. They pay 4 percent simple interest, sent annually by check to the bond-holder. Purchased at $500 per bond, they mature in 15 years. After one year from the date of issue, the bond can be cashed in Israel for local currency, up to a max- imum of $2,500 a month per person. Ervin Benedict, a trader with New York-based Transmittal Securities, Inc., deals extensively with Cur- rent Income bonds. "They are bought by peo- ple who want to help Israel with a secure investment," he said. "Sometimes, however, they give less than what other securities would bring." Zero Coupon Savings