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Monthly Archives: September 2014

Chile’s GDP Experiences Weakest Quarterly Growth Since 2009

< !DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" ""> EspañolAccording to a report released by the Chilean Central Bank on Monday, August 18, Chile’s GDP grew by 1.9 percent in the second quarter of 2014 compared with the previous year, the country’s lowest quarterly growth rate since 2009. In the second quarter of 2014, the ... Read More

Chile: New Bill Seeks Greater State Role in Energy Bidding Process

EspañolSeeking to overcome the major energy challenges Chile, Minister of Energy Máximo Pacheco and the National Energy Commission (CNE), presented a bill to Congress on Tuesday to reform the country’s power auction system. Minister of Energy Máximo Pacheco introduces electricity reform bill. (Wikimedia) The legislation proposes a greater state role in administering

Peruvian Nationalists Plan to Retake Chilean Territory

A group of Peruvian nationalists plan to march toward the Chilean border to lay claim to a small triangular piece of land they say belongs to their country. While the dispute over the territory dates as far back as the 1879 Pacific war — in which Peru lost the Arica and Tarapacá

Galt’s Gulch Chile: Libertarian Paradise Turned Nightmare

< !DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" ""> Galt’s Gulch promised to be the free man’s paradise. (PanAm Post) EspañolOn Monday, August 25, Canadian author and speaker Wendy McElroy wrote a column for the Daily Bell, in which she revealed the deception she, her husband, and others had suffered at the hands of leaders of the ... Read More

Chile’s Bomb Investigation Underway, Suspect at Large

EspañolA bomb blast near the Military School Station of Santiago de Chile’s subway system, yesterday, has left 14 people wounded, two of them in serious condition. The incident occurred early in the afternoon, at around 2:00 p.m. in the affluent neighborhood of Las Condes. The current hypothesis points to a sole perpetrator who

A Monument to Chile’s Selective Memory

< !DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" ""> The narrow focus of the Museum of Memory and Human Rights implies the Chilean state never violated human rights before 1973. (Flickr) EspañolThe Chilean Museum of Memory and Human Rights, opened in 2010, is an expansive display of exhibitions and documentation dedicated to the tens of ... Read More

Guatemalan Congress Says Adios to Controversial “Monsanto Law”

< !DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" ""> On September 1, 120,000 Guatemalans from 82 indigenous communities marched in opposition to the “Monsanto Law.” (Facebook) EspañolThe Guatemalan Congress has moved to repeal the country’s contentious “Monsanto Law,” meant to protect new plant varieties. The decision came on Thursday, September 4, after heavy pressure from environmental ... Read More

Chile’s Terrorist Attacks Mount, Leave 15 Injured

EspañolTerrorists set off a bomb in a supermarket in Chile’s port city of Viña del Mar on Tuesday evening. The attack comes a day after a similar explosion at the Escuela Militar train station in the nation’s capital city, Santiago. Monday’s bombing left 14 injured in the worst terrorist attack in

EBay’s Braintree Unit to Accept Bitcoin Payments

EspañolEBay will soon begin accepting bitcoin. The world’s biggest web marketplace announced on Monday that it will start integrating bitcoin through its subsidiary PayPal, providing 152 million users with the option to buy and sell in digital currency. “We’re announcing PayPal’s first foray into bitcoin,” said Bill Ready, CEO of EBay’s Braintree unit, in charge ... Read More

Trade Unions Set Their Minimum-Wage Trap

EspañolWhenever I read news related to the minimum wage, or any wages defined by political power instead of the market, I wonder: what drives authorities, trade unionists, and the usual do-gooders to be so unambitious? People need food, shelter, clothing, and entertainment. But do they really believe that a mere mandate of US$15 per hour can provide all of these essentials? ... Read More