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...Arkady Gaydamak, the enigmatic Israeli-Russian billionaire, thought he had his campaign for mayor of Jerusalem all gamed out. He was hoping that a win by his Beitar football team last week would boost his chances in the Nov. 11 vote. Indeed, Beitar started strong against rivals Ha'poel from Tel Aviv. Twice, his players sprinted up field, shaking off defenders to take cannonball shots at the goal, but twice the ball struck the crossbar. Beitar was scoreless. Then, in the last six minutes of the game, Ha'poel drilled in two goals. The Jerusalem fans left in a foul...

Author: /time Magazine | Title: The Bizarre Race to Be Jerusalem's Mayor | 11/10/2008 | See Source »

...Tuesday's mayoral race, Gaydamak - once the prohibitive favorite because of his lead in campaign financing - has had a streak of bad luck. Like many Russian oligarchs, he was hit hard by the global economic crisis. His fortune shrank, forcing him to sell off a major Israeli company at a $100 million loss and to fire nearly all of his radio-station staff. Worse still, Gaydamak, supposedly the model for the title role in the movie The Lord of War (starring Nicolas Cage as an arms dealer in Africa), is one of 42 high-profile defendants on trial in France...

Author: /time Magazine | Title: The Bizarre Race to Be Jerusalem's Mayor | 11/10/2008 | See Source »

These setbacks have not helped Gaydamak's chances of being elected mayor of the Holy City. He is an outsider, joining an election fray that has polarized the city's black-hatted community of ultra-Orthodox haredim from the rest of its secular inhabitants. The outcome of this race will have repercussions for the Obama Administration's Israel-Palestinian peace plans, since the dilemma of Jerusalem - whether it will be shared with the Palestinians or remain the undivided Jewish capital - lies at the heart of any future accord. Gaydamak's rivals for the mayoralty are an ultra-Orthodox...

Author: /time Magazine | Title: The Bizarre Race to Be Jerusalem's Mayor | 11/10/2008 | See Source »

...third of Jerusalem's 750,000 population are ultra-Orthodox Jews, another third are a mix of secular and less Orthodox Jews, while the remaining third are East Jerusalem's Arabs. Gaydamak, 56, can forget about winning the ultra-Orthodox vote. It will be delivered in a bloc to Meir Porush, 54, a former Knesset member who has the backing of the city's key rabbis. Says Anat Hoffmann, a former city council member: "When Porush says 'our children,' he doesn't mean Jerusalem's children. He means those of his community. And when he says 'our Jerusalem,' he means...

Author: /time Magazine | Title: The Bizarre Race to Be Jerusalem's Mayor | 11/10/2008 | See Source »

...French businessman Pierre Falcone allegedly plied Angolan officials with tens of millions of dollars - some of it stuffed in suitcases - and deposited other sums of money in offshore accounts. Actor Nicolas Cage's character in the 2005 movie Lord of War was partly modeled on the alleged actions of Gaydamak, although the character may also have been inspired by the powerful Russian arms trader Viktor Bout, who is currently in a Thai jail awaiting the outcome of a hearing on a U.S. extradition request...

Author: /time Magazine | Title: The Arms Trade Booms Amid Global Economic Woes | 10/14/2008 | See Source »

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