(Globes) The Louisiana Department of the Treasury has purchased $5 million in State of Israel bonds "to diversify investments and develop economic ties between the State of Louisiana and the State of Israel," according to a Treasury statement from Baton Rouge. This is the first time that Louisiana has bought Israel Bonds. "This is a win-win situation for Louisiana and Israel," said Louisiana State Treasurer John Kennedy. "Israel is the only democracy in the Middle East. It is America's only true friend in the Middle East, and it is one of our staunchest allies."
2004-10-22 00:00:00Full ArticleBACK Visit the Daily Alert Archive