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Germany’s Chancellor Angela Merkel tops Forbes magazine’s list of the world’s 100 most powerful women for the second year in a row. Secretary of State Condoleezza Rice slipped to fourth from second last year. Sen. Hillary Rodham Clinton was No. 25 and House Speaker Nancy Pelosi was No. 26, while First Lady Laura Bush was No. 60. Here’s a look at the top five.

* Merkel (right)

* Wu Yi, China’s vice premier

* Ho Ching of Singapore, chief executive of Temasek Holdings

* Condoleezza Rice (below)

* Indra Nooyi, chairman, chief executive, PepsiCo