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...friction was too much for Communications Minister Amnon Rubinstein, who pulled his centrist, three-member Shinui Party out of the ruling coalition. Rubinstein was particularly incensed over the Likud bloc's frantic deal making with the religious parties, including a Likud promise to support legislation requiring overseas conversions to Judaism to have the approval of the Israeli chief rabbinate, a measure certain to antagonize many U.S. Jews. The Labor- Likud marriage, huffed Rubinstein, was a "two-headed monster ((that)) has reached a dead...

Author: /time Magazine | Title: Israel: Scenes from A Marriage | 6/1/1987 | See Source »

...frantic support operation was going on in Washington last week, but it may not be enough to prop up a large part of the $1.1 trillion U.S. thrift industry. By a 402-to-6 vote, the House of Representatives approved a $5 billion cash infusion for the Federal Savings and Loan Insurance Corporation, backstop for the country's 3,200 federally insured savings and loan associations. That would almost, but not quite, bring the FSLIC back to being merely broke; last year the fund was $6 billion in the red by normal accounting methods. Normal accounting, however, has long since...

Author: /time Magazine | Title: Troubled Temples of Thrift | 5/18/1987 | See Source »

...load of 172 passengers and eleven crew members as it lifted off from Warsaw's Okecie Airport last Saturday en route to New York City. About half an hour into the flight, two of the Soviet-built Ilyushin 62M jetliner's four engines apparently burst into flame. In a frantic effort to reach safety, the pilot turned about, dumped most of the plane's fuel and headed back to Okecie. Before he could make it, the other two engines caught fire...

Author: /time Magazine | Title: Poland: Fatal Attempt To Turn Back | 5/18/1987 | See Source »

Ishtar is an enjoyable farce. Without the enormous price tag, it would be a great little unpretentious comedy. Had May chosen to concentrate on the Beatty-Hoffman chemistry and eliminated some of the contrived plot, the movie would have been less frantic. And cheaper. It shouldn't cost so much to make us laugh...

Author: By Aline Brosh, | Title: Ishtar | 5/15/1987 | See Source »

Texaco made that dismal choice only after frantic, repeated efforts to reach a settlement with Pennzoil produced no results. Within hours following the Supreme Court's ruling, Texaco Chairman Alfred DeCrane, 55, and Chief Executive James Kinnear, 59, flew with a battery of lawyers from White Plains to Pennzoil's home city of Houston. But Pennzoil's combative chairman, J. Hugh Liedtke, 65, who has stayed on past retirement age to fight the case, steadfastly refused at least ten settlement offers from Texaco. At the start of the talks, Texaco apparently had a figure of $500 million in mind...

Author: /time Magazine | Title: Texaco's Star Falls | 4/20/1987 | See Source »

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