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THE I Eiii4INEWS

like slides or overhead projectors,
can leave an audience cold. Mr.
Friedman said a lot of speakers
apologize right away, wrongly
believing self-deprecation is the
way into people's confidence.
As for Bill Clinton, he's "great"
when he's speaking off the cuff
or on TV, Mr. Friedman noted,
"but on the radio he's terrible, be-
cause he sounds like he's read-
ing a script." He could learn
something from the actors who
read books for cassette tapes.
"On the radio, your voice is all
you have to go by. You need to be
even more expressive," he said.
But Bob Dole "is even worse.
Live, he's worse than Clinton on
the radio. Al Gore has improved,
but he's still pretty stiff," Mr.
Friedman added.
'When you have two candi-
dates, both of whom have a
message useful to the audience,
the one with the more effective
style is going to win out,"
he said. "Your message could
be extremely important, but
above that is the way it's pre-
sented." ❑

Bond Market
Safety Net

The
Jewish News

Make taxes
profitable

SPEAK page 60

Securities offered through Vesta', Securities Corporation, Member, NASD & 51PC,
1931 Georgetown, Hudson, OH 44236 (216) 650-1660

Jerusalem (JPFS) — The Knes-
set approved an amendment
to enable the government to
increase its sales of Treasury
bills as part of its efforts to pro-
vide a safety net for the bond
market.
However, the Knesset's fi-
nance committee refused to ac-
cept the Treasury's original
version of the bill, which would
have enabled the government to
sell unlimited quantities of T-
bills for the duration of the cri-
sis. The version passed permits
the Treasury to sell only an ad-
ditional $5 billion worth of bills.
If it wants to exceed this limit, it
must come back to the finance
committee for approval.
The amendment was passed
to enable Bank of Israel Gover-
nor Jacob Frenkel to keep a
promise made a few weeks ago:
that the Central Bank would buy
bonds in whatever quantity was
needed to stabilize the market.
These bond purchases were to be
financed by selling an equal
amount of T-bills, to keep the
money supply constant.
However, the law limits the
amount of T-bills the govern-
ment is allowed to have out-
standing at any given time. This
ceiling is adjusted for inflation
every six months; the govern-
ment was too close to the limit to
allow it much scope for its safe-
ty net.
The increase in the ceiling,
which passed with bipartisan

support by a vote of 22-0 in the
first reading and 6-0 in the final
reading, will be in effect until
Dec. 31.

