Word: shimone
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Hussein's current plan would seem to have no chance of success. Both the U.S. and Israel have opposed a conference that would include Moscow, and Israel has refused to negotiate with the P.L.O. In Israel, Prime Minister Shimon Peres urged Hussein to drop the proposal and instead to meet directly with...
Ever since his new National Unity government took office two months ago, Israel's Prime Minister Shimon Peres has been searching for ways to solve his country's economic crisis. The percentage change in the consumer price index, or inflation rate, which just last July was 307%, by last month was estimated to have reached an incredible 1,300% at a compounded annual rate. As soon as he took office, Peres and his Cabinet announced a cut of $1 billion from the current $23 billion budget. But two economists advised the government that a cut of another...
...growing closer. At the United Nations, it was announced that Israeli and Lebanese military delegations will hold their first meeting this week to discuss the pullout. In Jerusalem, the U.S. Assistant Secretary of State for Near Eastern and South Asian Affairs, Richard Murphy, met with Prime Minister Shimon Peres and other leaders (though Murphy sidestepped an Israeli request for the U.S. to act as a mediator in the withdrawal effort). In Damascus, the Syrian capital, there were official expressions of approval at the prospect of a Lebanese-Israeli meeting but continued rejection of two key Israeli demands: that Syria promise...
Prime Minister Shimon Peres returned to Israel early last week after a highly successful trip to the U.S. He carried with him the assurances of strong U.S. economic backing, possibly including a postponement of the $500 million in Israeli debt that comes due early next year. But disturbing news awaited him as he resumed work on Israel's economic problems. Inflation, which had already been roaring along at 500%, jumped last month to around 900% on an annual basis...
...lunch with the editors of TIME last week, Israeli Prime Minister Shimon Peres talked about his country's problems and the policies of his month-old government. Excerpts...