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...everyone is so relaxed. "We are running dangerously short of oxygen," warns Roger King, chief executive of Britain's Road Haulage Association, which is lobbying the government for a fuel-tax break for truckers. European motorists and airline passengers are also feeling the effect. Moreover, at least some economies are showing signs of incipient inflation. Consumer prices in the U.S. rose 0.5% in July, the biggest rise in three months, and the annual rate of inflation in Britain rose to 2.3% in July, from 2% in June...

Author: /time Magazine | Title: Roll Out the Barrel | 8/29/2005 | See Source »

...will be running in federal elections Sept. 18 against Gerhard Schröder, whose Social Democrats have shared power with the Green Party since 1998. Unlike Schröder, Merkel doesn't make grand promises, preferring to talk about, say, trimming waste in the health-care system or tweaking consumer tax rates. Judging from polls, the strategy is working: the Christian Democrats last week led the Social Democrats by 13 points, though 29% of voters say they're still undecided. Merkel was feeling upbeat enough last week to take on her most voluble rivals. At a televised roundtable of candidates, she even...

Author: /time Magazine | Title: Germany: Angela Merkel's Aspirations | 8/28/2005 | See Source »

...some 2,000 people. She's not much of an orator, but her listeners are attentive as they munch sausages and drink beer in the sunshine. Even a group dressed up as cows - holding signs that say don't milk us! to protest her proposed increase to value-added tax ( vat) - are as docile as, well, cattle. Merkel has defended the unpopular policy, meant to fund a reduction in social-security contributions from wages, by arguing that "people don't earn too much in Germany, but because of the nonwage costs the cost of labor is too high...

Author: /time Magazine | Title: "Angie" Rocks The Vote | 8/21/2005 | See Source »

...Schröder. "If we were to disappoint voters again the way Schröder did in 2002, people would ask themselves whether there is any party they can vote for," says Norbert Röttgen, a senior member of Merkel's campaign team. "Being honest about value-added tax is a strategy to regain the trust of the people." And Merkel is backing up the persona with policies. In addition to the vat increase, she has suggested weakening job-protection laws and reforming union wage-bargaining practices. Trouble is, the spd owes much of its unpopularity to an attempt...

Author: /time Magazine | Title: "Angie" Rocks The Vote | 8/21/2005 | See Source »

MICHAEL SHOWALTER wrote, directed and stars in The Baxter, a film about an accountant women date until they meet the One. But this CPA just may get love after tax season...

Author: /time Magazine | Title: Odd Men In | 8/21/2005 | See Source »

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