Word: reformer
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...role with unexpected brio. He quickly brought his party back on message and waged a confident campaign. Capitalizing on an unexpected drop in Koizumi's popularity, Okada stoked the fires of outrage over the Prime Minister's two biggest recent missteps: his perceived mishandling of a major pension-reform bill, and his unpopular decision to keep troops in Iraq beyond Japan's original commitment date...
...goal. Although outright control of the government was never in question because the LDP retains a majority of the parliamentary seats that weren't up for election, the outcome has been a major blow to Koizumi, one that may cripple his ability to push through many of the financial-reform initiatives he has declared crucial to the remainder of his term (which is scheduled to end in the fall...
Seeking to preserve options grants for the masses, a House committee in late June approved a bill that would require companies to expense only the options they grant to the top five executives. The bill makes little accounting sense and defeats the purpose of reform. It will never stand, just as the boss will never cut his plan and leave yours intact. --With reporting by Eric Roston/Washington
...what has Schröder so worried. Suzanne Rosselet of the IMD World Competitiveness Yearbook suggests that calls for tax harmonization have the problem backwards. "It's a fog behind which they are trying to hide the true problems in their own economies," she says. "They need to reform themselves before they put the blame on all the other economies...
...weapons a "current and serious threat to the U.K. national interest." Last week Blair admitted: "I have to accept that we have not found [WMD] and that we may not find them." President Bush called the Senate report "useful" and has said he is "open for suggestions" on intelligence reform. But the President already shelved one overhaul plan after Pentagon chief Donald Rumsfeld objected to it. And the report put off until after the November election any examination of whether the faulty intelligence came about because of White House pressure. "It's designed to protect the Administration...