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Then, compromise Israeli style. Likud bloc leader and Foreign Minister Yitzhak Shamir volunteered to switch jobs with his Likud cohort Modai. Negotiator turned money man, and vice versa. Peres will save face by playing tough guy with Modai, Shamir will patch together the coalition until the rotation agreement lands him...

Author: By Laurie M. Grossman, | Title: Back from the Brink | 4/14/1986 | See Source »

And Laborites also are attempting to tear apart the coalition. Party leaders pressured Peres to use the Herut convention crisis as a pretext to dismantle the unity government and hold early elections. They have even initiated negotiations with small party leaders to test out their chances for a coalition without...

Author: By Laurie M. Grossman, | Title: Back from the Brink | 4/14/1986 | See Source »

While falling oil prices are picking up the world economy, they are shaking it at the same time. Developing countries from Mexico to Indonesia, which had built their economies and their dreams on oil revenues, now watch in anguish as those hopes of prosperity evaporate. The repercussions could go well...

Author: /time Magazine | Title: Cheap Oil! | 4/14/1986 | See Source »

Shultz made the statement at a Washington lunch for Israel's Peres, whose warnings of increased instability in the Middle East are taken seriously in the capital. On the one hand, Israeli officials say their country has been strengthened diplomatically by the oil glut. The declining petropower of the Arab...

Author: /time Magazine | Title: Cheap Oil! | 4/14/1986 | See Source »

In his new "Marshall Plan," Peres suggests that the major beneficiaries of the oil glut should ante up $20 billion to $30 billion for a fund to spur development in Egypt, Jordan, Lebanon, Syria and Israel. The proposal, even if not considered utopian, would face many obstacles, including the U.S...

Author: /time Magazine | Title: Cheap Oil! | 4/14/1986 | See Source »

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