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Established in 1939 as a cozy little celebration of film art, the festival is now a giant bazaar, full of hagglers and houris, that draws 35,000 visitors each May. Israeli-born Producers Menahem Golan and Yoram Globus, now based in Los Angeles, set up shop at the posh Carlton Hotel, and by the end of the 13-day festival their company, the Cannon Group, had cut $65 million worth of movie deals. Or was it $90 million? When money talks in this town, the details sometimes get lost in translation...

Author: /time Magazine | Title: Show Business: Haggling, Honors and Hype | 6/3/1985 | See Source »

...being kicked around as "Bo's boo-boo." And for a while it did appear that Bolero, the latest eyebrow-raiser starring the original 10, Bo Derek, 27, and directed by Husband John Derek, 58, might never be released. The reason: Israeli Executive Producers Menahem Golan and Yoram Globus, who sank $7 million into the film, and MGM/UA, the studio set to distribute it, found the story of Bo's fling with a seemingly impotent Spanish bullfighter overstacked with single entendres. The Dereks were asked to cut some of the steamier scenes in order to avoid...

Author: /time Magazine | Title: People: Sep. 10, 1984 | 9/10/1984 | See Source »

...During the 1981 campaign, Finance Minister Yoram Aridor played what his opponents called "election economics" by cutting excise taxes and import duties on foreign items like autos and color TVs. The Begin government then tried to ease the pain of inflation by broadening indexation and encouraging spending. Losing confidence in the shekel, Israelis increasingly turned to the American greenback. "Our national currency is now the dollar," Ezer Weizman, Begin's former Defense Minister, who is now heading his own ticket, charged last week. "This is a disgrace...

Author: /time Magazine | Title: What Next for Israel? | 7/9/1984 | See Source »

...auspicious beginning. No sooner had Yitzhak Shamir been sworn in as Israel's seventh Prime Minister than his new government was engulfed in an economic crisis. Four days later, Finance Minister Yoram Aridor, a holdover from outgoing Prime Minister Menachem Begin's Cabinet, became the government's first casualty. With the opposition Labor Party calling for a vote of no confidence, there were serious doubts as to how long Shamir's fragile majority would hold together...

Author: /time Magazine | Title: Israel: Unhatched Egg | 10/24/1983 | See Source »

...sharply with the shrill, impulsive outbursts of his predecessor. Still, Arens is as fully committed as Sharon and Begin to Israel's role in Lebanon and to retaining control over the West Bank. The other leading candidates for the top job are David Levy, the Deputy Prime Minister, Yoram Aridor, the Finance Minister and, even though the chance is remote, the fiery Sharon. The last choice, should it come to pass, would surely provoke immense controversy both in Israel and abroad...

Author: /time Magazine | Title: Israel: Begin Drops a Bombshell | 9/5/1983 | See Source »

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