Word: reformative
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...What's got into Geithner? The short answer: a deadline. With their energy bill stalled, health care dragging out and other initiatives pushed aside, financial reform is a high priority for an Administration in search of wins. Geithner's bosses at the White House are pushing to get a bill to the President for his signature by the end of the year, and Geithner is the point man in making that happen. (See 25 people to blame for the financial crisis...
...Seeing the size of the fight he faces may help explain why Geithner was so outspoken on the Hill Thursday. "Now that we have hammered out an agreement with Frank," says the top aide, "it's time to defend it." Geithner's biggest advantage is that the politics of reform are on his side, as he told the big bankers last week. Americans aren't much interested in details, but any appearance of moving forward on reform will have support, while those who try to slow the Administration down will appear to be siding with the big banks and Wall...
Health-care reform isn't for the faint-hearted. Just ask President Obama. So an air of menace could help Philipp Rösler, Germany's new Health Minister, in his quest to shake up the country's expensive public health-care system. At 36, the Vietnamese-born politician is the youngest member of Chancellor Angela Merkel's new center-right coalition government and the first Asian ever to be appointed a German cabinet minister. Softly spoken and affable, he certainly doesn't seem like a political bruiser. But rumor has it that no one dared challenge him when...
...Merkel has said that health-care reform will be one of her new government's top priorities. Although medical treatment in Germany is among the best in the world, the country's health-care system faces an uncertain future due to exploding costs, a rapidly aging population and a burdensome bureaucracy. About 90% of Germany's 82 million people are covered by the country's public health insurance companies, which are currently funded by contributions from employers and employees. Merkel's reform plan is expected to include a freeze on employer contributions - shifting the burden to individuals - and the creation...
...Washington to address a joint session of Congress on Nov. 3. It's a rare honor - the last German Chancellor to do this was Konrad Adenauer in 1957. While in Washington, Merkel will also get a glimpse of the tortuous negotiations that are taking place on health-care reform in the U.S. - and she may come to wonder whether her fresh-faced new Health Minister is really up to the gargantuan task back home...