Mark & Darlene Ephraim wish all our friends & clients a happy & healthy New Year. Come visit us in our newer and larger location at Change Will Provide Jobs Jerusalem (JTA) — The massive influx of immi- grants from the Soviet Union confronts Israel with the biggest challenge in its history. But it is also, poten- tially, the greatest blessing since the wandering Israelites . were showered with manna from heaven. That is the conclusion of a 79-page report for Israeli policy-makers, just released by the Bank of Israel, the country's central bank. It was prepared by Hebrew University Professor Gur Offer and two Bank of Israel researchers, Drs. Karnit Flug and Nitza Kassir. If the political echelons take heed, they will stop agonizing over how to absorb the thousands of newcomers into Israel's economy but get busy readjusting the econo- my to make the best use of the new talent. Soviet aliyah is an econ- omic blessing because of the high percentage of univer- sity graduates and trained professionals among the olim, the authors say. In terms of "human capital," Israel in a short time could N become one of the richest countries in the world. N Today, nine of every 100 employed Israelis has a graduate degree, compared to 5 percent in the United States. When Soviet aliyah reaches 500,000, the number of people in the economy > with advanced degrees will reach a record 11 percent. Those graduates will need to be employed, and current- ly Israel's job scene is less than satisfactory. The na- tional unemployment rate reached 10 percent in the se- cond quarter of this year, up 0.2 percent from the first quarter. One way to absorb new immigrants is to throw them into whatever jobs are available, as quickly as possible. That means hun- dreds of doctors, engineers and college professors doing menial work. The alternative is to list the special vocational skills the new olim bring with them and tailor employment opportunities to fit those skills. The authors of the report clearly favor the latter ap- proach. If these immigrants find jobs that match their skills, they will be happier, adjust to Israel more quickly and could be counted on to re- main here. NEWBERRY SQUARE (Northwest Corner of 14 Mile and Haggerty) On All Floral Arrangements For Holiday Orders Received Prior To September 4th, 1991. ($35 minimum order • West Bloomfield, Farmington Hills, Southfield only) GET YOUR NEXT PAIR OF SANSABELT slacks at a sensible price. Why pay more when we offer them at discount? We even include FREE tailoring. Discount prices start at: 99 of f free ree parking behind our store sizes 32-60 JOHN R MEN'S WEAR 543-4646 hours daily 9:30-6:30 Fri. & Sat. 9:30-8, Sun. 11-5 9 mile & John R Take 1-75 to 9 Mile 1