Word: bankes
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Dates: during 1970-1979
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...will play a key role in the negotiations. Last week, Washington's roving Middle East ambassador, Alfred Atherton, arrived in Israel after a tour of Arab capitals. There he announced his intention to discuss some of the unresolved questions about the future of the West Bank with Palestinians who live under Israeli occupation...
...answer to the housing crisis is simple: The Federal Reserve Bank has to give up the notion of combatting inflation by contracting the money supply. Since inflation is primarily structural, the supply of money has little effect on prices. But it has tremendous effects on the construction industry and the housing market. When the Fed tightens money, interest rates zoom (up to 10 per cent at present), and people can't afford to borrow money to build or buy housing. Construction workers go on welfare, real estate values skyrocket, and you just get more inflation...
...first time in a while it reintegrates into the diplomatic dialogue adherence to U.N. Resolution 242, as well as the commitment to resolve the Palestinian issue "in all its aspects." It also calls on Egypt and Israel to formulate concrete "modalities" for negotiations over the status of the West Bank that will include Palestinian representatives, and that will give the West Bank Palestinians veto power over a finished settlement...
...over the PLO--not to sabotage it. The Arabs have nothing to lose now, since with Egypt committed to a separate peace they cannot hope to confront Israel militarily for some time. And they may have everything to gain. For even if Israeli stalling or intransigence makes productive West Bank negotiations impossible, the Arab states will then have portrayed themselves to the world as the more reasonable party--and will have lodged an I.O.U. with the U.S. government...
...there are two problems. One is that for the time being this "framework" is just words. The other is that Begin has already begun to re-interpret several major concessions--on the moratorium on West Bank settlements, and on Israeli military withdrawal from the West Bank--in a way that gives reason to wonder whether it will ever be more than words. It is therefore legitimate for the Arab states to be keeping their distance from the Camp David agreements, at least until they hear spelled out in more detail what the specifics of the West Bank negotiations...