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Some have denounced the anniversary events, fearing that they will create added tension. For Israel to go through with the parade, said U.N. Secretary-General U Thant, "could well have an adverse effect" on peace efforts in the Middle East. But the government of Premier Levi Eshkol sees the parade as a means of keeping alive the patriotic fervor of last summer. Most of the people approach the anniversary in a mood of elation and with a new sense of security born of their enlarged borders. But they also seem to suffer anxiety over the fact that nothing has really...

Author: /time Magazine | Title: Israel: Pausing to Celebrate | 5/3/1968 | See Source »

While it did very well in its most recent military endeavors, Israel needs economic help. Last week more than 450 leading financiers, manufacturers and economists from 29 countries jetted to Jerusalem for talks on building up Israel's private sector. When the four-day conference ended, Premier Levi Eshkol could declare without over statement that it had "surpassed our most optimistic expectations...

Author: /time Magazine | Title: Israel: Help on the Way | 4/12/1968 | See Source »

...moneymen were elated over Eshkol's plans for enabling Israel to pay its own way in the world after 20 years of living mostly on bonds and aid from abroad. The country intends to increase overall production by 40% over the next four years and to raise exchange-earning industrial exports by 60%, to $725 million a year. Finance Minister Pinas Sapir frankly called on the visiting group to use its "know-how and connections" to raise much of the $750 million in new capital that would be needed...

Author: /time Magazine | Title: Israel: Help on the Way | 4/12/1968 | See Source »

When he called in 50 businessmen for an economic conference soon after the war, Eshkol got a brutal diagnosis of the country's ills. They complained that exports were hopelessly hobbled by high taxes, government meddling and Israel's undisciplined labor force. More serious, they said, was the fact that Israel could never hope to attract more than sentimental investment in its private sector while its socialist system encouraged control of 24% of the nation's overall production by Histadrut, the nationwide labor confederation, and government ownership of such key industries as aircraft and mining...

Author: /time Magazine | Title: Israel: Help on the Way | 4/12/1968 | See Source »

Through the Orange Groves. Israel's revenge came as no surprise. Four days before the invasion, Defense Minister Moshe Dayan warned that the Arabs were preparing for a "new wave of terror," which Israel would take steps to contain if King Hussein of Jordan could not. Premier Levi Eshkol told the Knesset much the same thing, and Israeli Ambassador Yosef Tekoah on the same day filed two complaints with the United Nations against the Arabs' "repeated acts of aggression." The stage was set for retaliation...

Author: /time Magazine | Title: Middle East: Foray into Jordan | 3/29/1968 | See Source »

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