Jewish Home for the Aged and Homeless Children Hit by Economic Crisis

It is high summer in Argentina. But the country is in the throes of an economic crisis. Prices rose 12 percent during Jan. alone and the Jewish community is still reeling from the effects of bankruptcies and scandals in some of the major Jewish financial institutions. The Jewish school system, once regarded as the finest in Latin America, has collapsed.

Today the trustees of Buenos Aires’ Jewish home for the aged and homeless children appealed to the community to save that institution from the same fate. The home provides food, shelter and care for some 700 aged Jews and Jewish children.

The appeal called on all Jews for contributions “in these times when general activities are almost paralyzed due to the summer season and the terrible consequences of the price spiral threaten our existence. The aged and the children should not be made to suffer the effects of the recession,” the appeal said.

NEXT STORY