12 MONTH CERTIFICATE

3.500%
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MEREST
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24 MONTH CERTIFICATE

4.000%
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INTEREST
RATE

A.P.Y./*

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First
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PISS

KUDOS page 31

was re-elected to a three-year
term on the board of directors
of the Michigan Retailers As-
sociation.
— Macomb County Assistant
Prosecuting Attorney STEVEN
KAPLAN recently was ap-
pointed to the board of directors
of the Boys and Girls Clubs of
Southeast Michigan and to the

board of directors of the Gate-
way Counseling Center.

Kudos

We welcome your suggestions.
Please mail typed and double-spaced
items for "Kudos" to Kimberly Lifton
at The Jewish News.

Apple Considering
Israel R&D Site

A

group of senior Apple
Computer officials visit-
ing Israel have told Fi-
nance Minister Avraham
Shohat they will likely recom-
mend that the concern's top
management establish a re-
search and development center
in Israel.
The group is making final
arrangements and inspections
regarding an Apple R&D cen-
ter.
The group told Shohat they
were favorably impressed with
Israel's manpower situation and

technological level.
Shohat said the group was
very important because a pos-
itive decision would lead to the
widening of foreign high-tech
firms' participation in the local
economy.
The Apple visit to Israel was
led by H.L. Cheunch, senior di-
rector of Entry Macintosh Prod-
ucts. The group included Louis
Woo, general manager of Apple
Taiwan, and Yosef Friedman,
an Israeli serving as the gener-
al manager of Apple's Far East
Design Center in Singapore.

Voice Recognition
Chip Is Developed

S

P Telecommunications in
Israel and Kenwood, the
Tokyo-based appliance
firm, have jointly devel-
oped a voice recognition tech-
nology with high noise
immunity.
The device will be used for
car audio.
The two companies estab-
lished an elaborate integrated
circuit that can recognize a spe-

cific human voice and activate
any electronic equipment, like
a tape or telephone.
The new chip has two dis-
tinct advantages — it has one
single chip that performs all
functions, while other systems
use several. It also has a
higher capacity of recognition
than other chips, resulting in
a relatively low margin of
error.

Workers Agree To Cuts

T

he financially strapped
Israel Aircraft Industries
took its first step on the
road to recovery last
week as management and
workers finally signed a labor
agreement, according to com-
pany officials.
The agreement — which
remains subject to the approval
of the Finance Ministry,
the banks and the Histadrut
— is expected to enable the
government to spend hundreds
of millions of dollars to rescue
IAI.
The main issues which held
up the agreement concerned
wage increases and govern-
ment financing of the pension
and an early pension arrange-
ment for workers leaving the
company.

The sides agreed that wage
hikes will be paid on condition
that the company has a net
profit.
During the three-year re-
covery period, the Treasury has
been insisting that wage hikes
included in the public sector
wage agreement be given only
to workers from profitable fac-
tories.
According to the agreement,
approximately half of IAI's
2,900 employees will resign at
the age of 50 and above with
an early pension, while the oth-
er half will leave the concern
through a retirement compen-
sation route.
Workers who remain with
the concern will have a 15 per-
cent drop in earnings.

