Republic Announces Great Cerficafe Rates
Embassy Link Installed
*0/
D
/0
arcom Telecommunica-
tions reported it has com-
pleted the installation of
a point-to-point commu-
nications line between Tel
Aviv's U.S. Embassy and the
State Department in Washing-
ton.
The Darcom line began work-
ing last week and can transmit
• Minimum Deposit $1,000
• Monthly Compounding
ANNUAL PERCENTAGE YIELD
21 MONTH CERTIFICATE
• Interest Checks Available
On Deposits Over $10,000
EMC Opens In Israel
• 4.00% Simple Interest Rate,
4.07% APY*
A
MEMBER FDIC
' Individuals Orty. Annul Percentage Yield (APY) Fs based on SI,CO3 deposit for term Indicated and assumes Interest remains on deposit Hi rhatuity. Rates are
guarnteed thru Decent. 31.1993 and may change after that date. Sdasta -tiol Penatty for early wIttkiuwal. tinned rime Offer. Not Valid wtth any ofher offer
ALL 1993 CITY OF DETROIT
SECOND-HALF TAX BILLS
HAVE BEEN MAILED
ALL REAL AND PERSONAL PROPERTY TAX BILLS
FOR THE CITY OF DETROIT have been mailed. If you
have failed to receive a tax statement, you must come in or
write to the Treasurer's Office, Detroit Tax Department,
Room 136, City-County Building, Detroit, MI 48226.
Office hours are Monday thru Friday from 8:30 a.m. until
4:30 p.m. Interest and Penalty charges must be added if
Second-Half tax is not paid by January 15, 1994. Failure to
receive a bill will not defer accrual of Interest and Penalty.
Kindly include Ward and Item Number or assessed address
when requesting bills by mail.
THE REPUBLIC BANK
RATE TABLE
Rates and prices that affect your
daily finances as of 12/17/93
Prime rate
6.0%
Six Month T-bill
3.27%
Gallon Unleaded Gas
$1.01.9
Avg. Price Greater Bloomfield
Area Home
$155,350
Canadian dollar
$.801 U.S.
Winter Begins
Dec. 21, 1993
Cal! For Details
or Visit Republic Bank Today!
EQUAL
riousiris
Virginia Sikora
Treasurer
Cr)
LLJ
Ci)
LLJ
Eye Examinations
Ultimate Eyewear
Custom Contact Lenses
t—
CC
H-
LLI
CM
LLJ
Dr. M. Gottesman ® Dr. M. Weishaus
Optometrists
34
Applegate Square
Northwestern Hwy.
(between 12 & 13 Mile Road)
all 358-2920
• e new immigrants
to Israel made up 9
percent of the working
population in the third
quarter, they were 17 percent of
the unemployed, the Central Bu-
reau of Statistics reported.
An average 166,000 immi-
grants were employed during
the quarter. By contrast, 42,500
were unemployed and actively
seeking work.
Fifty-six percent of immi-
grants 15 or older held jobs.
Some 66 percent of the men
were employed, but only 47 per-
cent of the women.
Mill
BANKING
LENDER
SECOND-HALF DUE
JANUARY 15, 1994
vestment in the center will be
about $2 million for the first
year and is expected to reach
between $5-$6 million during
the second year according to
Polly Pearson of EMC.
Israel Emigre Work
Figures Released
A
R B NK
BETTER
merican
computer
storage developer EMC
Corporation officially
opened its first research
and development center out-
side of the U.S. in Tel Aviv's
Atidim technology park. In-
Ann Arbor 665-4030
Bloomfield Hills 258-5300
Grosse Pointe 882-6400
Farmington Hills 737-0444
Republic Information Center 1-800-968-4425
DISTINCTLY
up to 128 kilobits of information
per second. Darcom, owned by
David Reichman of the Cana-
dian Reichman family, is a new
communications firm active in
international telephone and
video conferencing. The com-
pany has invested about $3 mil-
lion in equipment and
infrastructure.
REPUBLIC
BANK S. E. m
ember
FDIC
31155 Northwestern Hwy., Farmington Hills
737-0444
1700 N. Woodward Ave., Bloomfield Hills
258-5300
1
'=,1( Ave., Grosse Pointe Farms......)
882-6400
According to the bureau's la-
bor survey, the longer an immi-
grant has been in Israel, the
better the chance he will find
work. For example, 55 percent
of the olim who arrived last year
were working, compared to 60
percent of those who came in
1990.
Among employed immi-
grants, 19 percent worked as sci-
entists, academics, or
professionals; 33 percent as
skilled workers (mostly in in-
dustry and construction); 23 per-
cent in services; and 11 percent
as unskilled laborers.
Herbs, Cosmetics
On The Way
I
srael's Moraz Medicinal
Herbs announced it is in the
final stages of negotiations
to sell its products in the
United States and Japan. The
company expects to finalize the
agreements this year and be-
gin exporting in early 1994.
Moraz, located in Afula, is a
producer of medicinal herbs
and cosmetics.
Chicago Blower Sues
Three Israelis
f n American company
which manufactures re-
frigeration blowers and
Liters is suing three Is-
raeli engineers, claiming they
defrauded it out of secret infor-
mation.
In documents presented to
Haifa District Court, Chicago
Blower said the three presented
themselves as representatives
of a firm called Refrigeration and
Air Conditioning Engineering,
which sought to represent Chica-
go Blower in Israel. They re-
ceived permission, and were
given confidential manufactur-
ing and marketing information.
The suit claims two of the
men then left the Israeli firm,
taking the information they re-
ceived from Chicngo Blower with
them and setting up a compet-
ing company.