Great

Place to

developing our economic strength has
been played by Israel Bonds."
To date, more than $25 billion in
Israel bonds have been sold, including
$1.094 billion in 2007. As Israel looks
to the economic needs of the 21st
century, funding provided via Israel
Bonds is being utilized for industrial
parks and communities in the Galilee
and Negev, expansion of national and
regional transportation networks,
desalination plants and modernizing
the national infrastructure.
In appreciation for the exceptional
role played by Israel Bonds, Israel
honored the organization as part of its
60th anniversary celebrations. On May
5, Speaker Dalia Itzik hosted a gala
tribute at the Knesset, with the partici-
pation of Prime Minister Ehud Olmert
and Finance Minister Ronnie Bar-On,
who declared, "There is hardly a major
infrastructure project taking place
in Israel for which funds from Israel
Bonds have not been utilized."
The celebration was a homecoming
of sorts for Bonds President and CEO
Joshua Matza, an 18-year member of
the Knesset and minister of health in
the cabinet of Benjamin Netanyahu.
When Ben-Gurion first proposed
issuing bonds, the financial world was
skeptical. Today, Israel's economy and
the role of Israel Bonds are widely
praised by international ratings agen-
cies. In March 2008, Moody's Investors

Service cited Israel Bonds as a
factor in Israel's strong economy,
stressing the organization's depend-
ability and cost-effectiveness.
The success of the Israel Bonds
enterprise also gave rise to extraordi-
nary leadership. Detroit was home to
one of the organization's greatest lead-
ers, the legendary David Hermelin.
Upon his passing, the leadership of
Israel Bonds recalled his invaluable
contributions: "As national campaign
chairman, international chairman
and chairman of the board, David
Hermelin contributed greatly to the
success of our enterprise and the
economic growth and development of
Israel. He set an exemplary standard
of dedication to the finest traditions
and highest values of public service
and community involvement."

titax ... .cfro v

Israel

on your,,60t

Nori &Mark Klar

WARREN

PRESCRIPTIONS

❑

James S. Galfund is assistant national
director for marketing and communica-
tions for Israel Bonds in New York.

32910 MIDDLEBELT at 14 Mile (Next to Nino's/Sfrawbeny HMO • FARMINGTON HILLS

(24.8) 855-1177

Detroit Israel Bonds

Paula Lebowitz now heads the
Israel Bonds Detroit Campaign
office at 2977 Telegraph Road,
No. 2415, Southfield. She can be
reached for questions about buy-
ing and redeeming Israel Bonds
at (248) 352-6555.

0 0GaRTUL10 /
8 0 A,

t

• State of Israel `r

On your 60 ih Anniversary

oudits

U.S. Senators Debbie Stabenow and Carl Levin, D-
Mich., cosponsored a Senate resolution recogniz-
ing re-establishment of the sovereign, independent
State of Israel as a homeland for the Jewish peo-
ple and reaffirming the close friendship between
the U.S. and Israel.
Senate Resolution 522:
• Commends the people of Israel for their
remarkable achievements in building a new state
and a pluralistic democratic society in the face of
terrorism as well as hostility, ostracism and bellig-
erence for many of their neighbors;
• Reaffirms its support for Israel's right to
defend itself against these threats to its security
and existence;
• Reaffirms its enduring support for Israel as
Israel pursues peace with its neighbors;
• Extends the warmest and best wishes to the
State of Israel and the Israeli people for a peace-
ful, prosperous and successful future.

1388350

Come in an visit us
Where pull find
a nice selection of
Israeli Made Togs

Creative Togs...Building Skills for Future Success

Sen. Stabenow

TOY

NEW TOYS Arriving Dai l.

Mon.-Fri. 1 @-6, Sc turdag 1 @-801

Inside the Orchard Nall

Maple @rehard Lake Road • West Bloomfield, P41

Sen. Levin

'741.4 1.,t

0000000

May 15 • 2008

A47