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Please call for details 933-5000 DRUNK DRIVING DOESN'T JUST KILL DRUNK DRIVERS. ,Vicholas Esposito, killed Oct. I9S9 at S:25pm. Next time your friend insists on driving drunk, do whatever it takes to stun him. Because if he kills innocent deople, how will you live with yourself? FRIENDS DON'T. LET FRIENDS DRIVE DRUNK. JOB page 31 least, slowing down and it can't continue." Further, he fears, in Israel increasingly the rich are getting richer and the poor are getting poorer, a trend that he says is bad for long-term sta- bility. Nonetheless, Mr. Steinhardt reports that he is happy with the investments he has made in Israel, among them are Mar- itime Bank; real estate in Tel Aviv, Jaffa and Eilat; real-es- tate projects with the Dankner group; and holdings in the MacPell factory in Afula, which produces knitwear for major clothing labels. "My investments in Israel have been superb. I attribute this to an unusually able Israeli partner who has prevented me from getting into things that could have gone wrong," he said. The partner he refers to is businessman and investor Shi- mon Topol. Mr. Steinhardt views his philanthropic pursuits in Israel — which include the Israel Mu- seum, the Tel Aviv Foundation and Tel Aviv University — as entirely separate from his in- vestments. When he invests there, he does it for the same unsentimental reason he in- vests anywhere: to make as much money as possible as quickly as he can. "One must look at invest- ments in Israel with as de- tached a view as possible. To do otherwise is not serving Israel or oneself'," he said. Mr. Steinhardt notes that, in recent years, his philan- thropy has taken a deliberate shift from primarily Israel-ori- ented activity to involvement focusing more on the future of U.S. Jewry. He is active in Reform Jewish institutions, belongs to the United Jewish Appeal's Subcommittee on Jewish Continuity, and gives time to the Anti-Defamation League. "Historically, I've devoted a great deal of time to Israel and Israeli institutions, and made substantial investments there. But I see there are greater needs existing in America," he said. Just as he does in the stock market, Mr. Stein- hardt takes a no- nonsense view of negative trends in the U.S. Jew- ish community and its organi- zations, despite his personal stake. American Jews, he said bluntly "are declining in num- bers, in power and in influence." As for the organizations, "there are more worthy Jewish causes than there are worthy Jews to respond to them. In the U.S., the Jewish institutional structure is bloated. It will over the next decade, alas, be re- duced because of the decline in Jewish interest among secular Jews." Mr. Steinhardt is one of the lucky people who knew precisely what he want- ed to do for a living from a very young age. During a typical, lower- middle class Jewish youth in New York City, he be- came fascinated by the stock market after receiving stocks for his bar mitzvah. After attending the Univer- sity of Pennsylvania's Wharton School of Business, Mr. Stein- hardt worked as an investment research associate, as a writer for Financial World, and then as a securities analyst at Loeb Rhoades and Co. before he be- gan his relentless climb to the top of the world of money man- agement. At the same time, he and his wife, Judith, were rais- ing three children. Mr. Steinhardt is responsible for the management of more than $3 billion of his clients' money. Does the fact that he and Mr. Soros are Jewish have any- thing to do with their status as giants on Wall Street? There is a range of explanations for Jewish success on Wall Street, beginning with the conspirato- rial and anti-Semitic to the explanation that Jews who were shut out of fields like in- surance and commercial bank- ing naturally turned to investments. Mr. Steinhardt has a more thoughtful reply: "In a speculative sense, I think that in America in the middle of this century, there was a confluence that produced a highly productive, highly successful American Jew. That confluence came from the reli- gious tradition and the won- derful openness of America and led to great secular achieve- ments. "I hope, but I have my doubts, that the next genera- tion will be as outstanding ...The circumstances of the next generation of American Jews is not filled with the history and culture and tradition that the previous one had. For bet- ter or for worse, we are assim- ilated now and Jews are not so different from other Ameri- cans." 0