Word: rabin
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Once the game was finished, however, those who stayed tuned to Israeli radio and TV heard a shocking message. Premier Yitzhak Rabin, 55, had waited for game's end to take to the air waves and declare another stunning upset-his own. Rabin announced to the country that he would not lead his ruling Labor Party in the May 17 elections -and that he wanted to resign immediately. His reason: he and his wife Leah had held two U.S. bank accounts in violation of Israeli law, and their value was far higher than the couple had earlier admitted...
Little Choice. Rabin had little choice in resigning, since he was already under police investigation for violation of Israel's foreign currency laws. His stepping down, said a grim Rabin, was a "sad end" to a three-year political stewardship. Finance Minister Yehoshua Rabinowitz had another phrase for it: "the biggest political crisis in the history of the state of Israel...
...seeds of Rabin's humiliating downfall had been germinating for weeks, ever since the Tel Aviv daily newspaper Ha'aretz reported that the Premier's wife had held a bank account in Washington for the past four years (TIME, March 28). It is illegal for Israeli citizens to keep money abroad without special permission, and Mrs. Rabin had not sought such permission. She provided an explanation that sounded convincing enough at the time: the account at the National Bank of Washington, which amounted to about $2,000, was an old one, dating from the years...
Though his wife was in charge of family finances, Rabin was co-signer on the account, and. he conceded, "the responsibility was mine as much as hers." A lawyer for the couple also said that the Rabins had been unaware that a foreign account such as theirs had to be closed within a reasonable time after their return to Israel...
...damn it, whispers a military historian, Hail to the Chiefis an old rouser going back to the 19th century, which is used to lift spirits and tell people the President is there. The history of those honor guards that Carter is curtailing-Israel's Prime Minister Yitzhak Rabin rated only a four-man color guard-goes back to the Bible; in the U.S. they have been lined up for 200 years according to the manual of Baron von Steuben. There is protest that a patriotic message that has reverberated through every city and hamlet is being muted...