•
Announcing the formation
of Comerica Securities.
Court Settles
Money Issue
Comerica Securities, a subsidiary of
Comerica Bank, is a full-service brokerage and
investment firm offering the following
products and services to institutional and retail clients:
Jerusalem (JTA) — Israel's
Supreme Court this week
ordered the Religious Affairs
Ministry to set aside money
requested by Israel's Con-
servative Movement for its
cultural programs until the
ministry formally decides
whether to fund the
movement's programs.
The court issued a similar
order last week for the fun-
ding of cultural programs
run by the Reform move-
ment, known here as the
Israel Movement for Pro-
gressive Judaism.
The court orders mark a
small step forward for non-
Orthodox Jewish
Short-and long-term Investments
Stocks
Corporate bonds
Mutual funds
Precious metals
Municipal bonds
Public Finance
Public offerings
Private placements
Syndication and trading
Cash defeasances
Corporate Finance
Private placements
Mergers and acquisitions
Industrial Revenue Bonds
Ehud Bendel:
Money is for Jewish education.
Comencasecurities
(313) 222-0093
(800) 292-1300
Comerica Securities.
Member NASD, SIPC.
•
•
•
•
•
2W •
,-
4",,-.
. STOCKS TAX-FREE BONDS MUTUAL FUNDS
T
A
X
THE DETRO IT JEWISH NEWS
E
24
X
E
M
P
T
U
F
First of Michigan
Corporation
A
Members New York Stock Exchange, Inc
Herman Schwartz
Senior Vice President - Investments
T
Branch Manager
Travelers Tower / Suite 1020
R
U
26555 Evergreen Road / Southfield, Mich. 48076
S
(313) 358-3290
T
S
A
L
P
L
A
N
N
N
G
Toll-Free 1-800-826-2039
TAX DEFERRED ANNUITIES
IRA's
MONEY MANAGEMENT
movements in Israel, which
have long complained of be-
ing treated with far less
than parity with Orthodox
Jewish institutions and even
non-Jewish religious groups.
The Conservative, or
Masorti, movement had filed
a petition with the Supreme
Court protesting the failure
of the Religious Affairs Min-
istry to answer its request
for roughly $290,000.
The money is earmarked
for Jewish education for new
immigrants, bar and bat
mitzvah lessons, holiday
workshops and women's
Torah study, said Rabbi
Ehud Bandel, Masorti
spokesman.
The ministry's failure to
respond "arouses suspicions
that it is deliberate," said
Rabbi Bandel.
In its petition, the Conser-
vative Movement charged,
"The religious estab-
lishment that rules the min-
istry tries in any way possi-
ble to make permanent the
exclusive rule of Orthodoxy
in religious life in Israel and
to prevent any other stream
from involvement in matters
of religion.
"Among other ways, (it
prevents) support to (non-