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...lags behind the cdu in the run-up to next week's state elections; the most recent poll gives the cdu a six-point lead in a region where the spd has reigned supreme for nearly 40 years. And if more people like Wolfgang make the switch, Chancellor Gerhard Schröder's fragile spd?Green coalition could fall apart at next year's national vote. "People here are just frustrated and want to see new faces," says Wolfgang, sniffing a pinch of red tobacco. "My grandpa used to say that the spd gave us prosperity after the war. That...

Author: /time Magazine | Title: Trouble In The Heartland | 5/15/2005 | See Source »

...then move on. "Some financial investors don't waste any thoughts on the people whose jobs they destroy," he told a German newspaper. The fire and brimstone is part of the spd's effort to woo back voters disillusioned by the government's own economic reforms. Last Friday, Chancellor Gerhard Schröder himself joined the apocalyptic debate by calling on his ministers to examine whether hedge funds should be subject to tougher regulation. The remarks are striking, given that the same government authorized hedge funds to operate in Germany only last year. The immediate pretext for Schr...

Author: /time Magazine | Title: The Day of the Locusts | 5/15/2005 | See Source »

When Germany's Chancellor Gerhard Schröder snatched a narrow electoral victory in 2002, he garnered desperately needed votes by opposing George W. Bush's plans to invade Iraq. Now, in the run-up to crucial elections in North Rhine-Westphalia later this month, his party has launched a new assault. This time the target is Anglo Saxon-style capitalism. Franz Müntefering, chairman of the Social Democrats (SPD), inveighed against "swarms of locusts that fall on companies, stripping them bare before moving on." The inspiration for this alarming imagery was identified last week when his headquarters leaked...

Author: /time Magazine | Title: Battling A Plague Of Capitalists | 5/8/2005 | See Source »

...whitewashing history. There are rabid nationalists in every country. It is upsetting to South Koreans and Chinese for the Japanese Prime Minister to regularly visit the Yasukuni Shrine, which honors Japanese soldiers - including convicted war criminals from World War II. Would Europeans feel comfortable trading with Germany if Chancellor Gerhard Schröder regularly met with those who deny the Holocaust? Ovidia Yu Singapore

Author: /time Magazine | Title: Letters | 5/3/2005 | See Source »

...Machida's strategy of focusing on businesses in which the company has a significant edge is surprisingly rare in corporate Japan, where a bias toward bulking up still reigns. Says Gerhard Fasol, president of Eurotechnology Japan, a tech consultancy in Tokyo: "The Toshibas and Hitachis of this world are in about 20 or 30 different industry areas. There is no focus." Even in secondary business lines, Sharp tries to develop what it calls "one-of-a-kind" products. A recent example: the new Healsio oven that reduces fat and salt content by cooking with superheated steam. The oven...

Author: /time Magazine | Title: A Sharper Focus | 5/2/2005 | See Source »

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