Business New School Sees Cross-Border Classes Retail The Lender for Commercial Real Estate Senior Housing DANIEL KURTZMAN Special to The Jewish News Hotels N Multifamily Manufactured Home Communities Self-Storage Light Industrial Office Buildings 260 East Brown Street Suite 350 Birmingham, Michigan 48009 (248) 644-8838 - Fax (248) 644-5760 Email cmlreloans@bloomfld.com Bloomfield Acceptance Company is a wholly owned subsidiary of Bingham Financial Services (P) bu47. Tlefity. Because now for the price of a post9ge stamp you can gasome of the best CD rates around. It's the Michigan Heritage Bank CD by Mail. Just call for an application and drop It in the mail with a check. Simple. It could he the best 32 cents you'll ever Invest. 5.80°l0 6,05°l0 5,00°l0 - *Unlimited Checking! The Michigan Heritage Bank CD by Mail Daniel Kurtzman writes for the Jewish Telegraphic Agency TAW Stop in or call for an application today. 7/24 1998 1-800-914-3524 21211 Haggerty Road at H Mile. Next to the Novi Hilton. 116 Detroit Jewish News 3 El IN a MICHIGAN HERITAGE i/ft i of too long ago, the idea would have been unthink- able: A student walking into a university in Israel and exiting into Jordan. Now that promises to become a reality, with plans under way to devela op a joint Israeli-Jordanian university extending on both sides of the border between the two countries. Seeking to enhance the cause of peace and the prospects for economic development in the area, Touro College, a Jewish-sponsored institu- tion of higher education based in the United States, announced it is work- ing with the two governments to develop a school of business and agri- culture in the central Arava, a region between the Dead and the Red Seas. "Establishing an educational insti- tution in a no-man's-land between Israel and Jordan" is "a kind of historic event in the building of close relations between two brothers and two neigh- bors," said Bernard Lander, president of Touro College, which has 10,000 sol students enrolled on its campuses in New York, California, Israel and Russia. The project, which has been endorsed by Israel's infrastructure minister, Ariel Sharon, and Jordan's minister of water and irrigation, Munther Haddadin, aims to help eco- nomic development in the Arava. A largely desolate area with populel tions of less than 2,500 on each side of the border, the central Arava has failed to keep pace with the scientific, technological and economic advances in other parts of Israel and Jordan. Supporters of the project say it will help serve the needs of the region by establishing an academically rich and culturally diverse community that can function as a source of skilled man- innovative agricultural and industrial research. "Just visualize what could be achieved if, on both sides of the bor- ,, der, this hot desert could bloom, Lander said. "Thousands of individu- als could bring prosperity to Jordan and to Israel." Beyond its practical impact, sup 4.4 porters also believe the project can help strengthen the 1994 Israeli- Jordanian peace treaty. "The more we will have joint ven- tures of this kind, the more peace in Fixed and floating rate commercial mortgage loans $1 million and up BLOOMFIELD ACCEPTANCE COMPANY a 12t FDIC 16:10E1 Insured 95 Annual Percentage Yield is effectke as of ,I thiy 3. 1998. Penalty fur early ■■ ithilrrm al. Rosiness or brokered accounts riot eligible. a