Ohio Jewish Chronicle, 1975-05-22

              IS
r4
r it
f
!?
^
IflROMCLE
-    ■      ... —i -i-n J*
^][\\>y Serving Columbus and Central Ohio Jewish Community for Over 50 Years \yA\A
LIBRARY, OHIO HISTORICAL SOCIETY
1982 VELMA AVE*
COLS
43211
EXCH
VOL. 53 NO. 4
MAY 22, 1975 - SIVAN 12
>?■
p.*'
'■■4
*y
.& • ■
iv
Saudi Arabian Official Says Government Now
Has No Plans To Invest In U.S. Business
*•.'
.-V
.4.1,
Mother Of Ihe Year
NEW YORK—Mrs. Josephine Burson of iMemphis is
surrounded by her family after she was named 1975
American Mother of the Year iri New York. With her
are her son, Charles, and his wife, Bunny (left), her
husband, Leo R. Burson; and her daughter, Linda, with
her fiance, Dr. Zed Aydelott.
The wife of an attorney, Mrs. Bursor who is Jewish,
. has combined motherhood and a professional career.
She was Tennessee Commissioner of Employment'
from 1967 to 1971, and is past national vice-president of :
Hadassah. Mrs. Burson, who says she is pleased with
the changing role of women in contemporary society,-
has done some pioneering of her own on behalf of
women. She was the first woman trustee of Memphis
State University, served on Tennessee's Ctowmissiori
on the Status of Women, was an organizer of the
Memphis Jewish Community Relations 'Council,
serving as its president from 1964 to 1967. *
Mrs.   Burson's  parents  were  immigrants.. Her
mother came from Lithuania and settled in Jonesboro,'
Ark. Her father came to Memphis' from South Africa,
where he was a soldier iri the Boer War. :  ,,.'•'
RELIGIOUS NEWS SERVICE PHOTO
By BUI Cohen
Chronicle Special Reporter
The government of Saudi
Arabia has changed its mind
and now has "no/plan to
invest in U.S. business and
industry," the (Coordinator
of a Saudi Arabian economic
mission said in Columbus
last week. .■'•(!.'
Dr.' Abdelrahman Al-
Zamel said that negative
reaction from . some
American businessmen and
pressure from pro-Israeli
groups were partly behind
the Saudi Arabian Change in
plans.
He said his government
observed the protests and
court actions attempting to
stop a real estate investment
by Kuwait in South Carolina
arid investments by two
Saudi individuals in
Michigan and California
banks.
"Why should y/e buy new
problems with our money?"
Al-Zamel asked. "We think if
the Americans do riot want it
(Ar^ab Investment), it is up to
, them.?'
"I can't say we never had
the plan (to invest in U;S.
business) but now, we don't
, have it," he said.
■j Al-Zarriel said the only
Saudi Arabian government
investment   in   America
would be in the form of U.S.
government bonds.
Another reason for the
Saudi change of plan is that
"we have reached the
conclusion that it is much
better to invest our money
back home to develop our
nation," according to Al-
Zamel. >
He explained that the
Saudi Arabian government
plans to invest his nation's
rapidly - accumulating petro
- dollars in a five - year,
$150,000,000,000 self -I
development project of'
industrialization. He added
that the plan will also focus,
on providing free education
and health care to all Saudis.
Al-Zamel said that last
year, Saudi Arabia built "a
school a day" and plans to
continue that project. "
Instead of Saudi Arabia
investing in the U.S., Saudi
. Arabia   is   asking   U.S.
businesses to invest in Saudi
'^''Arabi^,:;,:'he'-;^d.-:A^d'.r'he'
added that many financial
incentives are beihgjto
American mdustry --^; n»
'-'ibl£'u^e;'t^':fw-:<fae.'ne^:ihve
years, free land on which to
build plants in Saudi Arabia,
and an import protection tax
to give goods produced in
Saudia Arabia a competitive
advantage.
Al-Zamel maintained that
40 plants were established in
Saudi Arabia last year with
backing from American
business and that 60 more
are expected this year.
Al-Zamel reminded
reporters that no businesses
that have dealings with
Israel will be allowed to
invest in Saudi Arabia, and
he defended the blacklist
against pro-Israeli
businesses by saying it is a
political, not a religious,
boycott, "like what you have
been doing to the Cubans."
The blacklist, he said, is an
effort to pressure Israel to
return to its pre-1967 borders
and to accept the creation of
an independent Palestinian
state on the land it with¬
draws from.
"Quite a few" European
and American firms have
— (CONTINUED ON PAGE 12),
Congressmen Caution USSR On
Deteriorating Jewish Condition
United States And Israel Sign Agreement
To Promote American Investment In Israel
WASHINGTON, (JTA) -
A bipartisan bloc of 45
Congressmen cautioned the
Soviet government May 15
that while many members of
Congress want to nurture
"the spirit of good feelings
and cooperation that has
' been growing" between the
United States and the Soviet
Union, "we cannot so long as
the repressive treatment of
.Soviet Jews continues." "We'
would re-emphasize to you,"
; the Congressmen wrote
Soviet Ambassador Anatoly
Dobrynin, "that human
rights remains a basic
concern of members of
Congress, and we see
Congressional resolve only
hardening in the face of the
deteriorating situation (of
Jews) in the Soviet Union."
The Congressmen added:
"This of course has grave
implications for the future of
detente, Congress will not be
willing to permit a closer
relationship with your
country .unless it is con-'
vinced your government
shares a commitment - to
basic civil rights and
liberties. In the absence of
that commitment we see
only a dim future fori the
cause of detente.' This
saddens us as we feel our two
countries have much, to gain
. from each other, both
culturally and'
technologically." The
Congressmen's    letter,
.'originated by Reps. Gilbert
Gude (R. NY), Benjamin
Rosenthal   (D.  NY)   and
. Jonathan Bingham (D. NY),
noted that more than 65
Soviet Jewish men and
women have been sentenced
to prison terms of from three
to 15 years "following their
expressed desire to leave the
USSR for Israel" and that
most of them still remain in-
Soviet labor camps.
.    By Joseph Polakoff
WASHINGTON, (JTA) -
Israeli Finance Minister
Yehosuha Rabinowitz and
Secretary of the Treasury
William E. Simon signed a
joint statement here May 13
(aimed at facilitating the
promotion of investments in
Israel by American corri-
panies. They also initialed a
treaty on double taxation
which, when ratified by
..Congress, will provide ad¬
ditional inducements for
American /investors.,' iri
Israel. The signings marked
the conclusion of two days of
negotiations between Simon
and Rabinowitz who serve as
Co-chairmen of the U.S. -
Israel Joint Committee for
Investment and Trade and
senior officials of both
countries. Rabinowitz said
"This is the first time such a
comprehensive agreement
has beeri signed by. the two
countries." He and other
Israeli officials noted that
the agreements entered into
here and Israel's agreement
with the European Common
Market countries signed in
Paris last week should be of
particular     interest     to
. American investors because
Israel is now in the position
of enjoying "a very unique
situation." They pointed out
that the agreement with; the
' Common Market makes
Israel part of the EEC area
with an annual gross
national product of $800
bfflion.
The joint statement signed
by Rabinowitz arid Simon
reaffirmed the policy of their
respective governments to
oppose restrictive trade
practices and boycotts
against countries friendly to
either. The statement
referred to Presiderit Ford's
statement of Feb. 26 that
religious       or       ethnic
discrimination was totally
contrary to the American
tradition and has no place in
.the free1 commerce of the
United States— a direct
reference to the Arab
boycott and blacklisting of
companies doing business
with Israel; Rabinowitz said
afterwards that the op¬
position to boycotts con¬
tained in the joint statement
could have beeri "stronger"
but "we are satisfied with,
the statement as it is here."
Other Israeli officials said,
however, that the
Rabinowitz - Simon
statement "clearly goes,
beyond what President Ford
has said."
In order to assist foreign
investors, the Israeli
government has developed a
"special business package"
to help manufacturers in the
investment phase by of¬
fering financial leverage and
in the operating phase by
providing low cost working
capital arid rebate for in¬
direct taxes. According to
the U.S. Internal Revenue
Service Code,' American
investments in Israel enjoy
the special Less Developed
Country status thereby
entitling the company to a
'(CONTINUED ON PAGE 12)
Professor Alfred Ivry To
lecture At Ahavas Sholom
On Sunday, June 8, at 8
p.m„ Professor Alfred Ivry
will speak at Congregation
Ahavas Sholom, as the final
"No Second Thoughts" About
U.S. Hawk Missiles To Jordan
WASHINGTON, (JTA) -
A State v Department
spokesman said May 14 that
he had "no second thoughts"
about the U.S. deal to sell
Jordan a $100 million
"Hawk" anti '-"■ aircraft
missile system and other
' weapons despite reports that
Jordan is receiving air
defense cover from Syria.
Questioned by reporters on
that matter/Department
spokesman;. Robert Funseth
said "I have seen press
reports of this arrangement
with Syria but "we cer-
: taintly have not received any
official information."
Secretary of State Henry A.
Kissinger, said at a press
conference in Kansas City
May 13 that the sale of
"Hawks" to Jordan was
justified to make sure that
_     (CONTINUED ON PAGE 1»
lecturer in the synagogue's
current lecture series.
Professor Ivry is presently
the Leon Yassenoff
Professor of Philosophy and
Jewish Studies at The Ohio
State University. In addition
to Jewish Philosophy, he
also teaches Greek and
Islamic Philosophy..
Alfred Ivry is a scholar of
international fame. He has
received awards for
research and study in
, England, Morocco, and
Israel. He has taught at Tel
Aviv and Cornell univer¬
sities and holds doctorates
from both Brandeis .and
Oxford .- universities.
Professor Ivry has written
two books, contributed to the
Encyclopedia Judaica^ arid
(CONTINUED ON PAGE 12)
CfepNrU^ Page 5
ri'i
n
Al
- *l
VI