Forbes Features Livni on List of World's Most Powerful Women

Foreign minister comes in at No. 52, as Germany's Merkel tops list for third year running; Rice slips to No. 7.

Foreign Minister Tzipi Livni is featured in Forbes magazine's list of the world's 100 most powerful women, placing in at No. 52. This is the second year running in which the foreign minister was ranked among the most influential women worldwide by the renowned American business magazine, after slipping a few spots from her No. 39 entry last year.

German Chancellor Angela Merkel topped the list for the third year running, while U.S. Secretary of State Condoleezza Rice slipped to seventh from fourth last year.

Merkel, who became chancellor of Germany in November 2005, was cited by the magazine in its latest edition for her efforts to streamline Europe's biggest economy, increasing the national retirement age and putting more women in senior government posts.

Sheila C. Bair, the chairman of the Federal Deposit Insurance Corp., was No. 2, and Indra K. Nooyi, chief executive of PepsiCo, was third. Rice fell to No. 7 and the magazine said she was "shoring up her legacy before the Bush administration leaves office" by engaging in more efforts for peace in the Middle East, working with North Korea and trying to engage Iran.

Several other female heads of state or government made the list, including Argentina's President Cristina Fernandez at No. 13; Chile's President Michelle Bachelet at No. 25; and Philippines President Gloria Arroyo at No. 41.

U.S. Sen. Hillary Rodham Clinton was No. 28, down from No. 25 last year; U.S. House Speaker Nancy Pelosi was No. 35, down from No. 26; and U.S. First Lady Laura Bush was 44th, up from No. 60 last year.