they would be denied access to the
vast Arab market has harmed Is-
rael's development significantly.
Some estimate the damage at
over $40 billion. That the fear has
been largely removed is an im-
portant step in the right direction.
Yet it would be a mistake to
suppose the lifting of the ban by
some of the Arab regimes will im-
mediately attract investors. No
company will put its money in a
country whose investment cli-
mate is inhospitable.
Before Israel can expect to have
major concerns line up for the op-
portunity to part with their cash,
it will have to implement many
of the measures it has been talk-
ing about.
These include the massive auc-
tioning of government-held lands
and companies, a substantial re-
duction in taxation and — above
all — a drastic cut in the bu-
reaucracy and the number of li-
censes and permits needed to run
a business in this country.
Until then, the benefits of the
boycott's end will be negligible. ❑
Where East Meets West.
And Kathy Rigby
Meets the Rockettes.
t's a dance performance that has all the
athleticism of gymnastics blended with the
beauty and theatrics of a precision dance
troupe.
It's the American premiere of the Tnuatron
Dance Theater, Israel's imaginative young dance
group. Their fresh, colorful, charming, and
energetic performance is perfect for the whole
family.
And they're coming to the Birmingham
Theatre as part of the 1994/95 Mid East/West
Fest International Community Cultural Exchange
to benefit the Michigan Cancer Foundation.
David Bar Ilan is executive editor of
The Jerusalem Post.
-
Sponsored by: W.K.
Kellogg Foundation
& Lufthansa Airlines
Economy Surges
In August
The Bank of Israel's "S," or state
of the economy indicator, jumped
1.1 percent in August, reflecting
rapid consumer-led economic ex-
pansion.
Since the beginning of the year,
the index has increased by 6.66
percent compared with 4.64 per-
cent during the same period last
year.
Retail sales, a good consump-
tion indicator, surged 6.8 percent
in August and were 15.7 percent
higher than in August 1993.
Edusoft Buys
Out Berlitz
Edusoft of Israel has announced
it will purchase for $1.5 million
Berlitz's 50.1 percent partnership
interest in a joint venture.
Berlitz and EduStar, a wholly-
owned U.S.-based subsidiary,
owns the rights to English Dis-
coveries, a multi-media English
learning software series.
Following the purchase, on Oct.
31, the partnership will be dis-
solved and EduStar will become
the sole owner of all product
rights
Fire At Bank
Tel Aviv (JTA) — A woman was
killed and 10 other people were
7/ hurt in a major fire in the down-
town business section of Tel Aviv
last week.
Other generous sponsors:
Hudson's and the Dayton
Hudson Foundation, Ben
Teitel Charitable Trust
International Community
Cultural Exchange
Birmingham Theatre
Saturday, November 12, 8:00 p.m.
To Benefit the
in CF
Michigan Cancer Foundation
In cooperation with:
General Admission: $15
Patron Tickets: $30
(Includes Valet parking & preferred seating)
(313) 833-0715 ext. 361
MasterCard/VISA Accepted
DONALD E. GALE, D.D.S.
353-2200
DENTURE
CENTER
HARVARD ROW MALL
21774 WEST 11 MILE RD.
SOUTHFIELD, MI 48076
EXTRACTIONS
DENTURES & PARTIALS
RELINES & REPAIRS
QUALITY DENTURES AT AFFORDABLE PRICES
30 YEARS' EXPERIENCE
MICS 9108-0994
If you are not wearing it...
sell it!...
or BORROW on it!
You can't enjoy jewelry if it's sitting
in your safe deposit box. Sell or bor-
row on it for immediate cash. We deal
in jewelry, watches & gemstones.
rn
0)
A Service to Private
Owners, Banks &
Estates
Gem/Diamond Specialists
Fine Jewelers
AWARDED CERTIFICATE BY GIA
IN GRADING & EVALUATION
Lawrence M. Allan, President
30400 Telegraph Rd. • Suite 134
Bingham Farms 642-5575
Daily 'Til 5:30
Sat. 'Til 3
EST. 1919
CC
w
CO
CD
l--
C_)
CD
49