Word: interims
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...real estate taxes by major property owners; purchase of MAC bonds by city and state pension funds; the sale, probably at a loss, of mortgages that the city holds on middle-income housing projects. But none of these measures seemed a solution for more than a fairly brief interim. And after September, another $711 million comes due in October. When asked what the situation looked like, MAC Chairman William Ellinghaus, former president of the New York Telephone Co. said with grim understatement, "It looks mighty tough...
...resolution that Israel be expelled from the U.N. The measure was supported by most of the Arabs. "The condition for Arab aid is support for their fight against Israel," explained a Latin American diplomat. But Egypt, concerned about jeopardizing Kissinger's efforts to reach a new interim peace agreement, opposed the Syrian proposal. So did several Black African countries and others like Singapore, Argentina and Indonesia. In the end, the conference adopted a mild, inconclusive resolution urging Israel to evacuate occupied Arab territory...
Essential Step. Despite all the agony the agreement has caused, it is still only an interim settlement, and the easiest part to solve of the many-sided Arab-Israeli conflict. There is much less room for give on the Golan Heights, which are disputed by both Israel and Syria; both countries appear intractable on the issues. A solution to the Palestinian problem is nowhere in sight, and there seems little hope for compromise on ownership of the West Bank of the Jordan. Jerusalem is coveted by both sides for its religious shrines and its symbolic authority, but the Israelis...
...real problem with the interim settlement, in the opinion of some Americans and Israelis alike, is not what Israel may lose in giving up part of the Sinai. It is rather that the necessity for a general Arab-Israeli settlement may be overlooked in the euphoria of success. Because the proposed settlement would run for three years, there may be a temptation, despite all pledges to the contrary, to shelve further peace efforts until the end of that time. Warns Nadav Safran, professor of government at Harvard and the author of a number of books and studies on the Arab...
Last week, with a new interim peace agreement apparently in the offing, the Israelis were once again on the receiving end of U.S. largesse. A team of four high-level Israeli economic experts was summoned to Washington to discuss an aid package of military support, grants and economic assistance whose price tag has risen from $2.5 billion to $3.25 billion. One State Department official had no hesitation in characterizing this sum-most of it in the form of an outright grant that Israel will not have to repay-as a "reward" for the new peace agreement. Of the additional...