Or, to be (arguably) less ugly and do a little less work, 
s/([<>]+[^<>]+)/($k+=($1=~y#<##)-($1=~y#>##)) ? uc $1 : $1/ge;

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We're not really tightening our belts, it just feels that way because we're getting fatter.

In reply to Re^2: I don't remember regex seeming this hard before by Roy Johnson
in thread I don't remember regex seeming this hard before by danderson

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