Brother, Can You Spare $400 Million?
Yasser Arafat, who used to show up with an olive branch and a gun, now comes to Washington with his bank book. In a meet-and-greet with President Clinton, Arafat secured a pledge for about $400 million in aid for the Palestinian Authority in addition to the hundred mil the U.S. already kicks in yearly. The announcement comes as part of a kind of Palestinian telethon in which Arafat will meet with representatives from some 45 countries to try to better the $2.3 billion they contributed in a similar fund-raiser five years ago.
At the same time, Arafat finds himself defending against allegations by the London Times that his Palestinian Authority used $20 million in aid intended for the poor to build luxury apartments for his cronies. Which, if nothing else, shows just how far the Palestinian Authority has come: Now it has financial scandals just like every other government.
Most Popular »
- How Cash Keeps Poor People Poor
- E.T. Turns 30: 10 Things You Didn't Know About Our Favorite Extraterrestrial
- 15-Year-Old Creates Test for Pancreatic Cancer
- Nevada Ghosts: Rare Photos From an A-Bomb Test
- Fourth Flesh-Eating-Bacteria Case Confirmed in Georgia, Possible Fifth
- Euro Crisis: Why A Greek Exit Could Be Much Worse Than Expected
- 10 Dangerous Products You Might Have in Your Home
- Could a Fertility Gene Discovery Lead to New Male Contraception?
- Star Wars Turns 35: How TIME Covered the Film Phenomenon
- Obama Stumbles? Why the President's Right to Talk About Bain
- Researchers Probe the Potential Health Benefits of Palm Oil
- A Visit with Turkey's Controversial Religious Movement
- Feeding the Planet Without Destroying It
- Bubble on the Potomac
- Falcon's Liftoff: How a Private Firm Could Change Space Exploration
- The Fatal Flight of the Superjet 100: Why Did It Slam Into a Mountain?
- Learning That Works
- The Man Who Remade Motherhood
- Bibi's Choice
- Seoul: 10 Things to Do




