The Tycoons Are Fading Away but Our Problems Aren't

Nochi Dankner, standing alone in court without his IDB group, symbolizes a new era for the economy, but not necessarily a much better one.

The scene of Nochi Dankner in a Tel Aviv courtroom last week is the stuff of a Greek tragedy or a prime time soap opera. Here was the man who once stood at the helm of Israel's formerly most powerful conglomerate, the IDB group, giving him control of many of Israel's biggest and best known companies.