Dan Margalit Eliora, Margalit married Dana, a lecturer at Ariel University. In 1977, while serving as Washington correspondent of "Haaretz", he revealed that Leah Rabin, wife of prime minister Yitzhak Rabin, had a United States bank account, illegal in Israel at the time. The story, known as the Dollar Account affair, led to Rabin's resignation and the nomination of Shimon Peres as the Alignment's candidate for prime minister. In 1992 he was appointed editor of "Maariv" by publisher Ofer Nimrodi, but he resigned six months later. In June 2007, Margalit began to write for "Israel HaYom", a new free daily newspaper in
Prime Minister of Israel in power until 1992. Rabin became prime minister for the second time when he led Labour to victory in the 1992 elections. After his assassination on 4 November 1995, Peres took over as prime minister. During the thirteenth Knesset (1992–1996) it was decided to hold a separate ballot for prime minister modeled after American presidential elections. This system was instituted in part because the Israeli electoral system makes it all but impossible for one party to win a majority. While only two parties—Mapai/Labour and Likud—had ever led governments, the large number of parties or factions in a typical Knesset usually