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Fannie Mae & Freddie Mac: What's Next?
By Kelly Carr and Carol Legg

Most Powerful Women
By Jennifer Hopfinger

Intern Spotlight: Sonia Narang
By Kelly Carr

Covering the Fannie Mae and Freddie Mac Takeover
By Kelly Carr, Travis Grabow and Carol Legg

To Inform the Voters
By Andre Jackson

Most Powerful Women

By Jennifer Hopfinger
September 9, 2008 04:09 PM
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Forbes magazine’s annual ranking of “The World’s 100 Most Powerful Women” in the September 15th issue couldn’t be a more fitting feature this year. And its appearance couldn’t come at a more fitting time -- given the recent breakthroughs of women in politics. In fact Senator Hillary Clinton ranks 28th on the list. The magazine calls her, “the woman with the highest public profile” because of “the intense media scrutiny” of her campaign.

A photo of a relaxed Condoleezza Rice graces the cover, even though she only ranks No. 7. Maybe she looks so relaxed because she only has a few months remaining as Secretary of State. But what she has to deal with in those months -- powder kegs in Russia, Pakistan, and the Middle East -- warrants the coverage the magazine gives her.

For the third year in a row, the top spot belongs to Germany's chancellor, Angela Merkel, who is in charge of Europe’s largest economy.

According to the magazine, the rankings are determined by “a composite of public profile -- calculated using press mentions -- and financial heft. The economic component of the ranking considers job title and past career accomplishments, as well as the amount of money the woman controls. A chief executive ‘controls’ the revenue of her business, for instance, while a head of state gets the country's gross domestic product.” For the record, the 100 women on the list control $26 trillion.

Federal Deposit Insurance Corp. Chief Sheila Bair, Indra Nooyi of PepsiCo, Angela Braly of health insurer WellPoint, and Irene Rosenfeld of Kraft also make the top 10 list. Slightly less than half of the women on the list are based outside the United States. Ho Ching, the head of Singaporean sovereign wealth fund Temasek, and Anne Lauvergeon, head of France’s Areva, also made the top 10.

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