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...serve in the army. Israel's high taxes kept him from moving his corporate empire there until 1970, after the Knesset passed the so-called Eisenberg Law, exempting offshore-trading income from taxes. Today the Eisenberg Group, with 40 offices around the world, is divided into two main holding companies -- the Israel Corp. and Panama-registered United Development Inc. The Israel Corp., of which

Author: /time Magazine | Title: ISRAEL'S SECRET WEAPON | 7/21/2008 | See Source »

...bladder, with a thin black line dangling to Earth: the ''flower.'' The ''rabbit,'' a sort of yellow Shmoo, regards it from below. There is nothing else. It ought to be ridiculous, but it is profoundly haunting, full of an indefinable melancholy provoked by what Miro identified as the main motif of his work: ''tiny forms in vast empty spaces.'' And you are always struck by the sheer amount of work that he lavished upon those tiny forms. The bugs and dogs, even the genital hairs, of Miro's imagination live because of the graphic care expended on them: his solicitude...

Author: /time Magazine | Title: THE PUREST DREAMER IN PARIS | 7/21/2008 | See Source »

...largest communications deal in American history might never have come to pass last week if Bell Atlantic chairman Raymond Smith and Tele-Communications Inc. president and chief executive officer John Malone had not got stuck on a boat off the coast of Maine. The merger talks were going nowhere that August afternoon when the two men decided to head back to shore, only to find that the anchor of Malone's 70-ft. sailboat had snagged an underwater power line. While divers spent two hours cutting the boat free, Smith and Malone had little choice but to continue trying...

Author: /time Magazine | Title: WIRED! | 7/21/2008 | See Source »

...celebrators rampaged through the center of the capital, commandeering public buses and tearing pieces off the national monument of independence. By the time the revelry died down, 134 people had been arrested, at least 250 had been hospitalized, and a woman had been gang- raped beside the city's main thoroughfare. To top things off, the ''eternal flame'' representing the country's independence was stolen. The symbolism was all too perfect. In Mexico of late, almost everything that could go wrong has gone wrong. A devastating earthquake last September killed perhaps 20,000 and left tens of thousands in tents...

Author: /time Magazine | Title: MEXICO DEAD MEN DON'T PAY UP Almost everything is going wrong at the same time | 7/21/2008 | See Source »

...that Jesse's young, unwed parents--Deana Binkley, 17, and Jesse Sepulveda, 26, of Pasadena--were incapable of providing him with the exhaustive care he would require after surgery. The infant had been born with a rare, fatal condition called hypoplastic left-heart syndrome, in which the heart's main pumping chamber is improperly developed. Without a transplant at Loma Linda, the only institution in the area that performs such surgery on infants, doctors said Jesse would die in a matter of weeks. The impending tragedy had the makings of a front-page story, which it quickly became. With help...

Author: /time Magazine | Title: OF TELEVISION AND TRANSPLANTS An infant's life is saved, but TV's role raises questions of fairness | 7/21/2008 | See Source »

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