Word: chancellor
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...much for European unity. Less than 24 hours after leaders of the European Union's four largest countries gathered in Paris Saturday to pledge a collective defense in the global financial crisis, the strategy crumbled in the face of a still worsening credit crisis in Europe's banks. German Chancellor Angela Merkel, faced with the breakdown of a government-brokered deal with German banks to save one of Germany's biggest mortgage lenders, announced that all German bank deposits would be guaranteed by the government, causing consternation and anger among her European neighbors, many of whom felt compelled to follow...
...News of the decision to stop funding Ed in '08 comes four days after the leaders of the campaign, along with New York City schools chancellor Joel Klein and the Rev. Al Sharpton, sent a letter to vice-presidential debate moderator Gwen Ifill urging her to ask more questions about education. The Sept. 29 letter noted that in this election cycle, just 20 of the 653 questions asked at 30 presidential debates have dealt with education - about 3%. "In the last Democratic debate in Cleveland, for instance, Senators Obama and Clinton spent more than 15 minutes discussing health care, [while...
...61st quarter and beyond ... Inflation has fallen from 3% to 2.8%, and will fall further this year to 2% ... Looking ahead to 2008 and 2009, inflation will also be on target. And we will never return to the old boom and bust." Thus Gordon Brown, as Britain's Chancellor of the Exchequer, in his Budget statement only last year. No Chancellor since the war has quite so disastrously misread the economic situation, or so fundamentally misunderstood the inescapable nature of market economies - namely, that the greater the binge, the greater the hangover. Today, Britain is on the brink of recession...
Lord Lawson was Britain's Chancellor of the Exchequer under Margaret Thatcher
...that the parties appear to thrive in opposition. The last time that the Freedom Party was included in a governing coalition, its support crumbled. Over the past two years in pure opposition, by contrast, they have ridden from success to success. Strache has said he would like to be Chancellor some day. Unless Austria's mainstream parties can find a way to share power and work together in a more effective and responsive way, he may eventually get his wish...