Israel: A Place to Make Money

For Israel, even more than for most new nations, charity has never begun at home. For 15 years the struggling Jewish homeland has depended for financial help on outsiders, mostly in the U.S. American Jews have poured in $568 million in Bonds for Israel, $1,035,000,000 through the United Jewish Appeal and another $250 million in private investments that were often motivated by conscience. Both Israelis and Americans have tired of the endless hoopla of the "parlor meetings" by which such funds are raised. Last week, after ayear's discussion, the Securities and Exchange Commission approved the...

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