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business English News Blog for  Chile News Blog January Archive 

Protesters burn city bus

By Shannon at 01/25/07 01:11

Two protesters boarded a bus, forced the driver and passengers off and then torched the bus. They told the driver they were protesting Plan Transantiago, the plan which proposes drastic changes to the city's public transportation system. The plan could even affect the timing of classes in the city schools.

Original source: Santiago Times. CHILE BUS BURNING: TRANSANTIAGO HEATS UP AS INAUGURATION NEARS

Sebastian Pinera to face Securities charges

Pinera, the losing candidate in last year's presidential election, is going to be charged with insider trading. His lawyer says the charges may have been politically influenced. The Securities superintendant denies that accusation.

Original source: Bloomberg. Chile Says Ex-Presidential Candidate Faces Securities Charges

Bad politics, good business?

The basis for the much-touted "success" of Chile's economy can be summed up as: naked repression allowed bosses in Chile to boost their profits by brutally driving down workers' living standards through high unemployment, low wages, jacked-up prices, and regimented labor.

Original source: The Militant. How capitalists used Pinochet dictatorship in Chile to boost profits