If you visit college campuses/campi with your child, you may listen to an administrator say something in the likes of, “look at the person at your right, look at the person at your left, only one of the three of you will get in.” If you look at the persons in this photo, only one gets to keep her job . . . for now:
Chilean President Michelle Bachelet said on Wednesday that she has asked all her Cabinet ministers to submit their resignations and she will decide who stays and who leaves in the next 72 hours.
If Ms Bachelet wants to project an image of decisiveness and clarity of purpose, this little game of asking all her Cabinet ministers to submit their resignations after which she will decide who stays and who leaves in the next 72 hours instead proves her to be, without a doubt, a scurvy coward.
What she should have done is not choose a roster of corruption in the first place – which, considering her son, probably was not an option.
Here’s the interview (in Spanish) with Mario Kreutzberger, a.k.a. Don Francisco, where she insists she was out of touch town while her son was procuring that US$10 million loan,
Too late to ask her to put on her big girl panties – she doesn’t have any.
Michelle Bachelet’s son, Sebastián Dávalos, who had to resign his post as his mother’s sociopolitical director, stands accused of corruption after procuring a US$10 million loan to flip a property the day after she won the second round,
Davalos is accused of promising Bank of Chile executives the government’s ear in return for a CHL$6.5 billion (US$10 million) loan for Caval Ltd., a company half-owned by his wife, which previously held assets of under $8,000. The loan was used to purchase land for a housing development that was later sold at a $4 million profit.
Maybe he thought he was related to Bill and Hillary Clinton.
The president said the anticorruption measures will be complemented by a new constitution. The government is expected to start work on the new constitution in September, Ms. Bachelet said. The current constitution was implemented during the military dictatorship of General Augusto Pinochet.
This rewrite was a campaign promise; Bachelet intends to use proceeds from the mining industry to pay for propaganda social programs, which currently the Constitution does not allow.
Bachelet’s popularity rating is currently 32%. The economy is sliding as investment and growth drop following her tax increases. She’s going to end school vouchers.
To understand why the outlook for the Chilean “miracle” is so grim and investment is plummeting, look no further than this government’s obsession with holding back those who would skate ahead of the pack.
Ms. Bachelet has increased tax rates on everything from capital to consumption. One objective is to soak the investor class, making it poorer so that income inequality goes down. But it is more likely that income disparities will go up since the rich have ways to shelter income while the poor depend on job creation from investment to earn their daily bread and build wealth.
Additionally, Bachelt will end school vouchers,
The new law, which passed the lower house last month and now goes to the senate, would prohibit students from using vouchers to attend for-profit schools and prohibit schools that receive public subsidies from charging parents a co-payment. What is more, schools will no longer be allowed to select students because, apparently, it is “unfair” for gifted children to learn at their own speed.
Vouchers make it harder to indoctrinate kids, too.
Three decades of fast growth—led by liberal economic policies—have made Chile the most prosperous country in Latin America. Its annual per capita income of more than $19,000 is up from $5,000 in 1990. The percentage of Chileans living in poverty stands at 14.4%, down from 45% in 1985.
The country also stands out politically in the region for its adherence to a rule of law that protects minority rights and eschews banana-republic populism.
Now Ms. Bachelet and her minions in Congress are signaling a game change that suggests a return to the political polarization of the early 1970s. It is hard to avoid the conclusion that they see their legislative majorities as their chance to finally ram the utopian dream of the late President Salvador Allende down the collective Chilean throat.
Sen. Jaime Quintana, spokesman for the New Majority coalition in the upper chamber, said as much in March, when the opposition complained that the ruling coalition was using a “steamroller” in Congress. Not “a steamroller,” Mr. Quintana said. “We are going to use a high-powered steam shovel because it is necessary to destroy the antiquated foundations of the neo-liberal model of the dictatorship.”
In addition to raising the corporate tax rate to 35% from 20%, Bachelet wants to eliminate the FUT,
a key provision in the tax code that allows companies to delay paying taxes on earnings if those earnings are reinvested rather than paid out. Known by its Spanish initials as the “FUT,” this provision has provided much of the capital that fueled Chile’s rapid growth in the last three decades.
Wait until she amends the Constitution and starts overspending the mining profits on social programs and running a deficit.
Chilean President Michelle Bachelet on Wednesday invited Russia’s Vladimir Putin to visit the Andean nation and the bases that both countries have in Antarctica with the aim of moving forward on scientific cooperation.
And it’s not just science,
[Chilean Foreign Minister Heraldo] Muñoz also joined Lavrov at a meeting with Chilean Defense Minister Jorge Burgos to discuss “the potential for military exchanges.”
The Venezuelan leader has called for an emergency meeting in Santiago of the South American regional grouping, UNASUR, which is heavily influenced by Venezuela and its closest allies, Bolivia, Ecuador and Argentina. The meeting is expected to take place following the inauguration.
Chilean President-elect Michelle Bachelet
fashioned her wide-ranging “New Majority” coalition to beat an incumbent conservative government in recent elections. She is now caught between her own Socialist party, communists and other hard-left supporters who back Mr. Maduro, and center-right Christian Democrats who blame the Venezuelan leader for a heavy-handed crackdown.
Socialist and communist party lawmakers in Chile blocked Mr. Walker’s resolution in the lower house, denying that abuses are taking place and casting Mr. Maduro as the victim.
Following the bloody events of last Wednesday, while countries such as Argentina, Cuba, Bolivia, Ecuador, Nicaragua expressed their full support for the Venezuelan government of President Nicolas Maduro, others were more cautious such as Washington and the Europe Union calling for restraint and dialogue, but Chilean president-elect Michelle Bachelet openly twitted her rejection to repression, to President Maduro and called for a plebiscite.