Israel: Help on the Way

While it did very well in its most recent military endeavors, Israel needs economic help. Last week more than 450 leading financiers, manufacturers and economists from 29 countries jetted to Jerusalem for talks on building up Israel's private sector. When the four-day conference ended, Premier Levi Eshkol could declare without over statement that it had "surpassed our most optimistic expectations."

The "millionaires' conference," as it was called, was almost as evangelical as it was economic. British Banker Sir Siegmund Warburg announced a new holding company that would pump an initial $100 million...

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