Word: chancellorship
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...Although they gave up the chancellorship, the Social Democrats will receive eight places in the new cabinet, including the important Foreign and Finance Ministries. Merkel's Christian Democrats will control six spots, including Economics, Defense and Interior. Schroeder's political future is uncertain - he will not serve in the new government and is widely expected to take a job in the private sector once the new government is sworn...
...Aiming for the Top Angela Merkel's bid for Germany's chancellorship (Aug. 29) was just the latest attempt by a woman to win a country's top elected position. And when the subject of a woman in the top job comes up, the person most talked about is Margaret Thatcher, who was on TIME's cover of May 14, 1979, when she became Britain's first female Prime Minister. Here is an excerpt from that report...
...made his views crystal clear, telling Silber to his face, “You have to step aside.” As Goldin reiterated recently, “There can only be one president.” Silber, who initially endorsed Goldin’s candidacy, resigned the chancellorship in late August, and Goldin made clear to the board last week that “those issues are behind us and require no further discussion...
Where Kirch will next turn for help is uncertain. It would probably be a bad idea to approach Stoiber, who formally launched his campaign for the German chancellorship last month. Bayerische Landesbank - which is 50% owned by the Bavarian state, where Stoiber has been premier since 1993 - is Kirch?s biggest lender, with an estimated $1.7 billion in loans. Last year, the regional government saw to it that the bank provided a loan for Kirch to acquire a stake in Formula One motor racing. But the bank?s massive exposure to the media empire has raised eyebrows, and political pundits...
...over more than four decades. And, should the controversy taint friends who helped him along the way, he may not be the only high-profile casualty. One of his staunchest backers is Edmund Stoiber, premier of Bavaria and the opposition candidate set to challenge Gerhard Schr?der for the German chancellorship in September...