When 100% Home Equity tons
Are \ow Available,
ISRAEL DIGEST
Specially compiled by The Jerusalem Post
—$1 EQUALS 2.9830 NIS (shekels) - Close Price 6/13/95 —
Pollak Can Sell In The U.S.
Jerusalem — Pharmaceutical
manufacturer HG Pollak has
been granted permission by the
U.S. Food and Drug Adminis-
tration to sell its products in the
United States.
HG Pollak manufactures
medical equipment, gloves and
surgical dressings, notably Gel-
X, a vaginal lubricant contain-
ing a known active ingredient
which destroys the AIDS virus
during sexual contact.
W}n Settle For 80%?
Gel-X is not an AIDS cure.
Over the past two years the
company has been embroiled in
conflict with the Health Min-
istry concerning the sale of Gel-
X, which has not received
approval and is not available on
the local market.
The company is reportedly in
the process of building a plant
for the manufacture of Gel-X in
China.
Poverty Problem Stays Unsolved
t Republic Bank, our customers never settle
for less. We're offering 100% Home Equity Loans
at great rates and no costs. There's no better
Consolidate your loans into a Fixed Rate Home
Equity Loan and reduce your monthly payments.
You'll have money for a new car, college tuition,
time than right now to take advantage of the
home improvements* or just about anything else.
equity in your home.
And it may be 100% tax deductible.**
To take advantage of this offer, give us a call:
BLOOMFIELD HILLS: 258-5300 GROSSE POINTE: 882-6400 FARMINGTON HILLS: 737-0444
Or Call Republic Information Center Today:
Monday — Friday: 7am — 7pm, Saturday: 9am — Noon
1-800-968-4425
REPUBLIC
BANK
MEMBER FDIC
Offer is only available on loans with a minimum new advancement of $5,000 and home ownership of 4 years, subject to normal credit approval.
No home ownership or minimum new advancement requirement. '''Please consult your tax advisor for eligible tax deductions.
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Card Replacement Due To Forgery
Jerusalem — Local banks have
requested hundreds of Gold
MasterCard credit card holders
to replace their cards following
the discovery of a U.S. group
that forged the cards' metallic
strip.
Eurocard has instructed local
banks to cancel all credit cards
carrying the same series mun-
ber as the forged cards. The in-
structions were given after U.S.
authorities discovered a small
number of credit cards had been
forged and misused.
As a result, the banks are re-
placing the cards and request-
ing card holders to review their
monthly expense record for any
irregularities.
The spokesman added that
customers will be covered for all
damages.
Money Approved For New Terminal
Tusiam Patilier
Cr)
Jerusalem — State child al- in acquiring higher education.
Based on the paper's findings,
lowances help poor families in
the short run but reduce their government assistance to high-
chances for eventually escaping er education opens doors to the
poverty, according to a Bank of poor and contributes to eco
nomic growth.
Israel research paper.
The cost of purchasing edu-
The paper, titled "Why Are
the Poor Rich in Children?" by cation increases the expendi-
senior economist of the central tures of a family while it reduces
bank's research department the possibilities of raising chil-
Momi Dahan, reveals that al- dren.
Nevertheless, the paper re-
though the allowances encour-
age poor families to have futes the theory that higher
children, the families have dif- wages lead to fewer children.
Although higher wages, as a
ficulty financing their children's
result of higher education, come
higher education.
Without access to such edu- at the expense of time available
cation, however, the families re- to raise children, the increased
income enables a family to meet
main trapped in poverty.
The research attributes the the higher expenses related to
poor's lack of access to the cap- raising children.
ital market as a major obstacle
THE
JEWISH
NEWS
1-810-354-6620
Jerusalem — The Intenninis-
terial Committee on Economics
approved a $4.5 billion budget
for development of the first
phase of the new terminal at
Ben-Gurion Airport.
About $33 million will be
spent during the current year,
with the remainder of the bud-
get spread out over the next five
years.
The entire cost of the project
is estimated at $1 billion.
Transport Minister Yisrael
Kessar told the committee that
half the funds are to•come from
abroad.
The remainder of the money
will come from internal re-
sources of the Airports Author-
ity.
Mr. Kessar, who said the
need for a new terminal at Ben-
Gurion was urgent, noted that
7 million passengers are ex-
pected to pass through the ter-
minal this year, although its
capacity is 4.5 million a year.