The right-wing government of Israeli Prime Minister Benjamin Netanyahu asked the court for a three-month delay in carrying out the demolitions so a government committee can reassess the current policy of demolishing settler homes built on private Palestinian land.

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My suggestion to him was that in the current environment he should eliminate all the high-coupon debt and replace it with 5% or 6% coupons carrying equity participation--give up some equity in return for much lower interest rates.

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