Time Magazine errs again. (December 9th issue, survey of Israeli economy)

Time Magazine Errs Again

Long-standing Israeli complaints about biased reports in Time Magazine intensified with the December 9th issue of the magazine, purporting to survey the Israeli economy. An analysis of the article by the respected daily Haaretz showed that Time included factual errors, generalizations and overly pessimistic interpretations of the economy. Time also used the case of biotechnologist and highly successful entrepreneur Haim Aviv to knock what it terms "Israel's socialist economy." Briefly, Time claimed that in 1990, when Aviv launched biotech company