THE MIDDLE EAST: A Substantial Piece of Peace

"We are making remarkable progress toward an agreement—and toward a nervous breakdown. It's going to be a race to see which will be achieved first." Secretary of State Henry Kissinger was only half-joking as he described the status of Middle East peace negotiations last week. But as his latest shuttle between Alexandria and Jerusalem approached its conclusion, there was an air of conviction that the long-sought interim peace agreement between Egypt and Israel will be initialed this week.

On Israel's part, the accord means yielding several thousand square miles of the barren but strategic Sinai Desert, won during the...

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