Word: chancellor
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...contrast to sport stars, politicians usually do not resign at the top of their career. A man who single-handedly rescued the Freedom Party after taking over its helm in 1986 does not quit when he is as close to his self-proclaimed goal of becoming Chancellor as never before. Despite his resignation as head of the Freedom Party, his successor said Haider is still the party's "leading...
...looks as though it's back to the drawing board for Gerhard Schroeder. The German chancellor, who has long sought to have a German installed at the helm of the one of the world's ruling bodies, thought he had a lock on the top job at the International Monetary Fund - after all, since its inception after World War II, Europe has traditionally picked the IMF's leader (America got to choose the head of the World Bank). And on Monday, following months of lobbying, Schroeder convinced the 14 other European Union member nations to throw their support behind Caio...
...higher growth path" to shrink their high levels of unemployment. The Continent's major weakness, he said, was a comparative lack of private investment, which grew in Germany at one-quarter the U.S. rate over the past five years. A huge German corporate tax cut proposed by Chancellor Gerhard Schroder would make a big difference, but if Europe's most powerful economy wanted to imitate the entrepreneurial culture of the U.S., he said, "you should look to reforming personal income...
...University of Pennsylvania recently gave in to student demands, ending a nine-day standoff. Two sit-ins, at the University of Michigan and the University of Wisconsin, are still ongoing. At Wisconsin, more than 50 students entered the chancellor's office and six locked themselves together with bicycle locks. Police officers forced their way into the building and used pepper spray to subdue the demonstrators...
...going well for Germany's Social Democratic Party. Perhaps too well. The Social Democrats rode the wave of the centrist "Third Way" politics that swept Western Europe in the late 90s to wrest control from the CDU in 1998 and end Helmut Kohl's 15-year reign as chancellor. Now Chancellor Gerhard Schroeder is enjoying high approval ratings and the weakened CDU isn't even opposing the Social Democrats in two key upcoming state elections. But the Social Democrats' top brass weren't gloating Wednesday when CDU chief Wolfgang Schaeuble resigned over the campaign-funding scandal centered around Kohl...