A Letter From The Publisher: May 18, 1981

As international attention once again focused on Israel, TIME Jerusalem Bureau Chief David Aikman was reminded of some advice that the Israelis often pass on to arriving foreign journalists: "Anything can happen." After reporting this week's cover story, Aikman is convinced. Says he: "In January the local gurus were predicting that the annual inflation rate would reach 200% and the Labor Party would maintain its lead until the June elections. Within a few months, all of the safest predictions were sourly mocked by events themselves." Aikman also marvels at the business-as-usual attitude of the Israelis, despite a growing...

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