At a time when the authority was starved for funds, Arafat’s money managers placed bets from Tel Aviv to Silicon Valley on venture capital funds, software startups and telecommunications companies….Over the past two years, Fayyad, Rachid and their staff have been weighing which assets should be sold in order to keep the Palestine Investment Fund in line with the primary aim of its charter: developing the Palestinian economy within a democratic process.One investment that might not meet that goal is the bowling alley. Bowlmor Lanes does brisk business with Wall Street, boasting a client list on its Web site that includes Morgan Stanley, Lehman Brothers Holdings Inc., Credit Suisse First Boston, JPMorgan Chase & Co., Bear Stearns Cos. and Citigroup’s Salomon Smith Barney unit. Bowlmor also promotes bar mitzvah parties and offers a kosher caterer.
But I guess you don’t mix business with terror.
