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...Israelis are profiting from some ventures in Lebanon. Near the military headquarters in Sidon, for example, they have set up an El Al airline office. Every day, between 50 and 150 Lebanese buy tickets from Tel Aviv's Ben Gurion Airport to distant parts of the globe. With the cooperation of the Israeli authorities, several travel agencies in Sidon are also doing a brisk business operating one-week tours of Israel at $200 a head. A senior Lebanese official last week charged that the Israelis had looted Beirut International Airport, emptied its duty-free shops and even confiscated...

Author: /time Magazine | Title: Visitors or Conquerors? | 8/30/1982 | See Source »

military action. Instead, he would normally drive in a bulletproof car from Beirut to Jounieh, a seaside town north of the capital, and board a U.S. helicopter for Larnaca in Cyprus. Then he would catch a flight to Tel Aviv. As the negotiations edged toward a settlement, U.S. intelligence agents picked up reports that an extremist splinter group of the P.L.O., run by George Habash, intended to assassinate the envoy. The faction opposed a P.L.O. withdrawal from Beirut. Habib spent one night in the shelter of the residence of U.S. Ambassador Robert S. Dillon in Yarze, southeast of Beirut. Habib...

Author: /time Magazine | Title: A Sterling Achievement: Middle East Negotiator Philip Charles Habib | 8/30/1982 | See Source »

While the price of diamond jewelry has remained relatively stable, the market for investment diamonds has collapsed because of speculation run amuck. In the late 1970s, dealers in Tel Aviv, one of the world's diamond-cutting centers, began buying bushels of stones on credit after the government subsidized interest rates at 6%. At the same time, global inflation was causing investors to dump paper assets like currency and stock, and buy tangible goods, particularly gold, real estate and gems. The cost of an investment-grade D-flawless diamond, which had risen from...

Author: /time Magazine | Title: A Gem That Lost Its Luster | 8/30/1982 | See Source »

...alternative energy sources." Turner happily pays the bills for CNN's seven domestic bureaus and five foreign bureaus (Rome, London, Tel Aviv, Cairo and Tokyo). Total cost of running CNN: a substantial $51 million a year. But then, TV news is always an expensive business. ABC, NBC and CBS decline to reveal their news budgets, but industry sources say each spends about $150 million a year. A single installment of the weekday evening news costs at minimum about $200,000 and can range far higher; one report from Lebanon consumes about $4,000, not counting travel, editing and courier...

Author: /time Magazine | Title: Shaking Up the Networks | 8/9/1982 | See Source »

...retaliatory responses to cease-fire violations by the Syrians and the P.L.O., not a major escalation in the fighting. They blamed the Syrians for the ambush that took the lives of five Israeli soldiers on patrol in the Bekaa Valley on Wednesday. Said a high-ranking official in Tel Aviv's Defense Ministry: "We are sending a message to the Syrians and to the besieged Palestinians: We will not let the situation develop into a war of attrition." Meanwhile, Fadel el Dani, 37, the deputy director of the P.L.O. office in Paris, was assassinated late last week when...

Author: /time Magazine | Title: Lebanon: The Siege of Beirut: Week Six | 8/2/1982 | See Source »

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