MIDDLE EAST: Down to the Last 2%

Israel, Egypt and the U.S. begin peace treaty talks

In the blue-gray uniform of Egypt's supreme commander, President Anwar Sadat last week commemorated the fifth anniversary of the October War with an impressive military review in the desert west of the Suez Canal. A bagpipe band skirled It's a Long, Long Way to Tipperary, as MiG-21 fighters screamed overhead, and 10,000 Egyptian troops—accompanied by a stunning array of military hardware—paraded under a blistering sun. It was one of modern Egypt's most imposing military displays. Nonetheless, the message was that Anwar Sadat was...

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