Word: rabinowitz
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Unemployment is a special bugaboo for the Israeli government. An Israeli out of work might leave the country-depriving it of a soldier-or, perhaps worse, might vote against the party in power. As Finance Minister Yehoshua Rabinowitz says, "While other countries fight inflation with planned unemployment, we have steered clear of that course because we know that large-scale unemployment here would be social dynamite...
...Finance Minister does not wear a glorious crown," says Yehoshua Rabinowitz. "He is not the country's most popular fellow. If I have to step on a few toes...
Finance Minister Rabinowitz is stepping on lots of toes these days-notably with his proposed budget for 1976, which was approved last week by the Israeli Cabinet after an agonizing eight-hour session. It was the biggest budget in the nation's history-about $12 billion, against $9 billion for fiscal 1975-and it means more hardship for Israeli taxpayers. The budget will barely cover the cost of inflation, currently running at a 25% rate. Moreover, repayments on past debts will consume $2.5 billion v. only $1.4 billion in 1975, and increased military purchases will cost more than...
Defense Minister Shimon Peres, who maintains that the Arabs plan to spend $14 billion of their petrodollars on arms, wanted at least $560 million more than Rabinowitz was prepared to give him. Chief of Staff Mordecai Gur said serious cuts in defense spending might impair Israel's "chance to win a clear victory in a new war within a reasonable time." But some Israeli doves, who have been relatively silent since the October War, surfaced to protest that line of reasoning. Argued Jacob Arnon, a former Finance Ministry director: "There comes a point when defense spending becomes so enormous...
Approving the private use of pot, Chief Justice Jay Rabinowitz declared: "The state cannot impose its own notions of morality, propriety or fashion on individuals when the public has no legitimate interest in the affairs of those individuals." With a touch of frontier spirit and pride, Rabinowitz elaborated: "Our territory and now state has traditionally been the home of people who prize their individuality and who have chosen to live here in order to achieve a measure of control over their own life styles, which is now virtually unattainable in many of our sister states...