Word: yigal
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Dates: during 1980-1989
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...startling recovery of Begin and his Likud coalition was due in part to Labor's overconfidence and failure to mount an aggressive early offensive. The departure from Begin's Cabinet of such prickly individualists as Foreign Minister Moshe Dayan, Defense Minister Ezer Weizman and Finance Minister Yigal Hurvitz helped to give the coalition the illusion of unity, even if some critics saw it more properly as a vacuum. Newly appointed Finance Minister Yoram Aridor had added an undeniably popular move by reducing excise taxes and import duties on luxury items like color television sets and autos. The "Aridor...
...hallmark of his 3½ years in office. The issue had originally seemed relatively benign: a pay raise for the country's 65,000 teachers, approved earlier by a blue-ribbon committee. In the Cabinet, however, the salary question provoked a collision between two stubborn antagonists: Finance Minister Yigal Hurvitz, who was determined to forestall any new wage spiral that would further boost the country's 140% hyperinflation, and Education Minister Zevulun Hammer, who felt equally committed to the teachers. Each vowed to resign if he lost the battle, taking precious parliamentary votes with him. Thus either...
...stolid, jowly man whose face seems lugubriously appropriate to Israel's dire economic straits, Yigal Hurvitz, 62, who resigned as Finance Minister on Sunday, seems to thrive on political notoriety. Month after month, he had focused attention on himself in the Israeli Cabinet by challenging virtually every discretionary item of the government's planned 1981 budget. His goal: to pare public spending, hold unemployment to a tolerable 41/2% to 5% and, somehow, simultaneously bring the annual 140% inflation rate down to double digits by the end of the year. Understandably, he was not always thanked for his tightfistedness...
...fact, he failed either to lower inflation or to cut the budget. Nevertheless, he topped political polls in the country as the best choice for Finance Minister. Often less appreciatively, his Cabinet colleagues jocularly referred to him as "Yigal the Printer" because of his policy of increasing the money supply as a means of keeping the economy moving...
...investment. He bought into a farm cooperative, moved on to one small dairy products company after another and demonstrated an unusual knack for turning unprofitable ventures into money earners. Says his brother Amos, a Knesset member of the opposition Labor Party: "I really don't know how Yigal came to this kind of thing. His major mistake as Finance Minister was to take the job in the first place...