Word: reformer
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...This is the 'New Japan' and it's spelled 'T-O-U-G-H.'" JESPER KOLL, chief economist at Merrill Lynch Japan, on the need for real reform, not old-style pork-barrel solutions...
...approve new legislation without raising a fuss. All that changed in 1999, however, when the opposition Christian Democrats won a string of state elections, giving them a "blocking minority" in the Bundesrat. Suddenly Chancellor Gerhard Schröder discovered that in order to get laws like his tax reform package through the upper house, he had to wheel and deal or risk certain defeat...
...state has been governed by the cdu for almost 50 years, but if the sdp can pull off an upset, Schröder's party would once again control the upper house of parliament. That would affect not only Schröder's pending legislative agenda, such as pension reform, but also next year's election that will choose a new German government...
...Despite the local nature of the campaign, it's likely that national issues, such as the funding scandal, tax reform and the government's handling of the crisis over bovine spongiform encephalopathy, or "mad cow" disease, will most influence voters. If Schröder has played his hand wisely, the upper house of parliament may go back to being politely cooperative...
...President Bush, whose father's veto pen stopped the last campaign finance reform to make it through Congress, is lying low on the issue. In a meeting with House leaders on Thursday, Bush told them, in essence, "I'm not going to be your backstop," according to a participant. The President doesn't want to have to veto. In fact, White House officials were making noises about compromise. And for the record, Bush asserted Friday, "I look forward to a bill and am confident they will be able to come up with a bill that I can sign...