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Sale ends Friday, September 5, 1997 at 6 p.m. N Our CD'S FeAHSTrIR Don't play Music, but could be Music to your Ears N I I • 41111h BANK Member F.D.I.C. One Year Certificate 5.87% A P Y * Phone number: (248)-338-7700 or (248)-352-7700 2600 Telegraph Rd.•Bloomfield Hills•MI 48302 This is a Federal Deposit Insurance Corporation insured account (FDIC). A minimum opening UNFINISHED page 62 DeSutter noted that while he appreciated Israeli security con- cerns, it would be "relatively sim- ple" to allow Palestinian goods to move freely between Gaza and the West Bank, among the seven West Bank cities controlled by Arafat. DeSutter also faulted the U.S. government for failing to take a more active role in the de- velopment of the Palestinian pri- vate sector. Whichever way the blame is parceled out, there is common agreement that the Palestinian economy is in shambles and pre- sents a potential powder keg. A recent UNESCO report cites unemployment at above 50 per- cent, with the population and la- bor force growing constantly. By practically all other indicators, including national and per-capi- ta income, the Palestinian econ- omy has drastically declined since the signing of the Oslo agree- ment. In Gaza, a few luxury devel- opments only mask a Potemkin village, said Zogby. "There is no water, no electricity, no infra- structure," he said. Levine says, "We had hoped to accomplish more, but at this point we've done all we can. Whatev- er comes next will have to be done by the people of the region." Zogby, alluding to his friend- ship and respect for Levine, con- cluded bitterly that "both of our visions have been betrayed." ❑ Jerusalem Post Croatia Seeks Israel Deals Jerusalem (JPFS) - Croatia is interested in cooperating in the production and sales of defense products, as well as in upgrading its energy industry. The two countries are quietly exploring a wide range of defense projects, including joint produc- deposit and balance of $500.00 is required to obtained the stated Annual Percentage Yield. LEADING ISRAELI STOCKS TRADED ON U.S. EXCHANGES 'Annual percentage yield when compounded quarterly. Rate is accurate as of 8/29/97. Penalty for early withdrawal from certificate accounts may be assessed. Symbol Name Exchange Aug. 15 Aug. 22 SCIXF Scitex ECI Telecom Teva Pharm PEC Israel Elba Computers Elscint LTD El ron Electronics Tadi ran NASDAQ NASDAQ NASDAQ NYSE NASDAQ NYSE '11.32 '32.44 '57.63 '20.63 3.18 8.63 '17.00 '31.63 '47.00 '14.33 '11.44 Change `0.12 '31.12 -51.32 ECILF U) TEVIY Lu I EC U) ELBTF ELT ELRNF CC H- U-1 U_J 04 50°/0 Off all services with Carol Lee on any Monday or Tuesday 85-33-7 3 tion and military sales, officials and diplomatic sources said. In early June, a delegation of Croatian defense officials visited and met with some of their Israeli counterparts and defense indus- try executives. The delegation was headed by Gen. Vladimir Zagoretz, vdio is responsible for acquisitions in the Croatian De- fense Ministry. One diplomatic source said Zagoretz offered to trade Croat- ian oil for Israeli weapons via a third country. The source said the Zagoretz meeting was followed up by one between Israeli and Croa- tian representatives at the Paris Air Show toward the end of June. The visit of Israeli defense rep- resentatives to Croatian military plants was discussed. Israeli officials said the Croat- ians were told that there could be no defense contracts without the establishment of formal diplo- matic relations. "There are av- enues to explore in this field," an official said. "But we can't do any- thing without foil-nal ties." Meanwhile, Zagreb and Jerusalem are also exploring co- operation in the energy sector. Jerusalem and Zagreb have economic ties but have not estab- lished diplomatic relations, main- ly because of charges that a 1989 book published by Croatian Pres- ident Franjo Tudjman contains anti-Semitism. In January, Tudjman issued a revised version of the book that eliminated the ob- jectionable elements and Israel Foreign Ministry officials said they expect a decision in several weeks on whether to open an em- bassy in Croatia. Israel and Croatia have sever- al areas of potential cooperation, an official said. One of them is agriculture, in which Israel could help Croatia improve crop yield. Another is Israeli investment in Croatia, particularly in the con- struction of hotels along the Adri- atic coast. TAD CMVT ISL NASDAQ NYSE Comverse NASDAQ First Israel Fund NYSE '55.25 '21.25 4.00 '0.62 '0.82 8.32 '16.50 '33.50 '47.32 '15.25 -'0.50 '1.87 '0.32 '0.92 Source: Allen Olendei; Prudential Securities, West Bloomfield.