The Pinera administration 2.0

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fraggle092
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Re: The Pinera administration 2.0

Post by fraggle092 » Fri Jul 06, 2018 12:35 pm

Space Cat wrote:
Fri Jul 06, 2018 12:20 pm
The stats like wealth and life expectancy confirm that it is continual upward progress in the last 30 years. Little bumps here and there don't matter too much.
Every country in the OECD has shown similar or better results than Chile.
I have been around long enough to see the longterm results of bad government with my own eyes.
My point is plus ça change....
Après moi, le déluge

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Space Cat
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Re: The Pinera administration 2.0

Post by Space Cat » Fri Jul 06, 2018 3:07 pm

There are many more countries outside of OECD that have little to show except for cycles of corruption and populism.

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fraggle092
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Re: The Pinera administration 2.0

Post by fraggle092 » Fri Jul 06, 2018 4:03 pm

Space Cat wrote:
Fri Jul 06, 2018 3:07 pm
There are many more countries outside of OECD that have little to show except for cycles of corruption and populism.
:)
Après moi, le déluge

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admin
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Re: The Pinera administration 2.0

Post by admin » Fri Jul 06, 2018 5:39 pm

fraggle092 wrote:
Fri Jul 06, 2018 12:35 pm
Space Cat wrote:
Fri Jul 06, 2018 12:20 pm
The stats like wealth and life expectancy confirm that it is continual upward progress in the last 30 years. Little bumps here and there don't matter too much.
Every country in the OECD has shown similar or better results than Chile.
I have been around long enough to see the longterm results of bad government with my own eyes.
My point is plus ça change....
Seems to be outranked by the u.s.a. too, but not in a good way.

https://www.washingtonpost.com/amphtml/ ... ped-world/
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Space Cat
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Re: The Pinera administration 2.0

Post by Space Cat » Thu Sep 27, 2018 10:06 pm

A great overview of the current situation from The Economist:
Steering Chile away from the middle-income trap

If you are out of free Economist's articles, here's a copy.

Some quotes:
Growth has recovered partly because copper prices have. Potential growth—the economy’s capacity to grow without inflationary pressure—is only around 3%.
The workforce will shrink as the population ages unless more women, young people and immigrants join it. Productivity is “low and stagnant”, according to the OECD, a club of mostly rich countries. This holds back potential growth. Chile’s dream of becoming a fully developed economy thus looks elusive. Its biggest challenge “is to avoid falling into the middle-income trap”, says Rodrigo Aravena, the chief economist of Banco de Chile, a commercial bank.
Achieving that ambition will require advances on several fronts. Some will meet resistance; others will take years to produce results. The plans include a five-year concession programme, under which investors will spend nearly $15bn, about 6% of this year’s GDP, to build roads, airports and hospitals. The government itself will invest $8bn in the Araucanía region, Chile’s poorest. It wants to provide free nursery school for every child, which should bring more women into the labour force and raise productivity in the long run. Employers will pay into a fund for that. The government also plans to reduce regulation of business, which is more complex than in any other member of the OECD. More controversial is a scheme to make rules for employing students more flexible than for other workers.
Chile has no independent agency like Britain’s Office of Budget Responsibility to estimate revenues and spending, points out Eduardo Engel, a director of Espacio Público, a think-tank. The government missed an opportunity to set the tax on diesel at the same rate as that on petrol and has left open widely used loopholes.
If the tax reform does not pay for itself, the government will have less money to spend on more popular policies, like the investment in Araucanía. Mr Engel worries that the battle over tax reform will use up political capital needed to address the grievances of Chile’s middle class, especially crime, poor-quality health care and pension benefits they deem to be too low. Neither Mr Piñera nor his ministers have been astute political managers. The education minister suggested in July that schools should host bingo games to pay for repairs, a gaffe that led to his sacking.

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eeuunikkeiexpat
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Re: The Pinera administration 2.0

Post by eeuunikkeiexpat » Thu Sep 27, 2018 10:52 pm

Real life Chile personal observation:

My native stepdaughters have noticed a downward movement in lower level professional wages in the past year. Jobs that used to pay say 800k have been chopped down to below 400k and the requirements have become tougher, especially such things as English language proficiency and university requisite.

IMO, this has a lot to do with immigrants with university degrees (probably free in their native countries) along with the more prevalence of English proficiency at that level of education in those countries and their desperation for work as they are from hellholes like Venezuela...

One stepdaughter was recently let go at LATAM from a sales position and then saw a LATAM ad for the same job at less base and less beneficial commission structure then her previous contract at LATAM. That stepdaughter BTW was a Gullier supporter and we had more than one heated political discussion over the immigration issue in which reality and real life personal events now seem to prove me correct...
Generally, just a SPAM KILLER. You are on your own in this forum. My personal mission here is done.

BUT when necessary, by way of ridicule and truth revelation we shalt do war.

--eeuunikkeiexpat

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Re: The Pinera administration 2.0

Post by admin » Fri Sep 28, 2018 9:04 am

one little problem with all the economic doom and gloom, it is winter.

july to about the mid-october, with september 18th inbetween, is always economicaly stagnat in chile. we get to say january, with little signs of life, then start worrying.

on top of which i think we are blaiming the wrong president. chump just turned world trade on its head, and investors are bracing for impact everywhere; just as the fed is raising interest rates and the price of oil is spiking.

global recession is in the wind, and their is only so much chile can do about that beyond battening down the hatches for the coming storm.
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Re: The Pinera administration 2.0

Post by admin » Fri Sep 28, 2018 1:02 pm

pinera interview in bloomberg regarding trade (in english).

https://www.bloomberg.com/news/videos/2 ... nera-video
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Re: The Pinera administration 2.0

Post by admin » Fri Sep 28, 2018 1:11 pm

high unemployment reported due to mostly women employment levels it seems.

https://www.df.cl/noticias/economia-y-p ... 83322.html


which sort of makes sense. increased competion from immigrants, is likly to compete with women workers first. way to go bachelet.
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Re: The Pinera administration 2.0

Post by admin » Fri Sep 28, 2018 1:20 pm

Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com

From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.

at46
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Re: The Pinera administration 2.0

Post by at46 » Fri Sep 28, 2018 7:05 pm

Space Cat wrote:
Thu Sep 27, 2018 10:06 pm
A great overview of the current situation from The Economist:
Steering Chile away from the middle-income trap

If you are out of free Economist's articles, here's a copy.

Some quotes:
Growth has recovered partly because copper prices have. Potential growth—the economy’s capacity to grow without inflationary pressure—is only around 3%.
The workforce will shrink as the population ages unless more women, young people and immigrants join it. Productivity is “low and stagnant”, according to the OECD, a club of mostly rich countries. This holds back potential growth. Chile’s dream of becoming a fully developed economy thus looks elusive. Its biggest challenge “is to avoid falling into the middle-income trap”, says Rodrigo Aravena, the chief economist of Banco de Chile, a commercial bank.
Achieving that ambition will require advances on several fronts. Some will meet resistance; others will take years to produce results. The plans include a five-year concession programme, under which investors will spend nearly $15bn, about 6% of this year’s GDP, to build roads, airports and hospitals. The government itself will invest $8bn in the Araucanía region, Chile’s poorest. It wants to provide free nursery school for every child, which should bring more women into the labour force and raise productivity in the long run. Employers will pay into a fund for that. The government also plans to reduce regulation of business, which is more complex than in any other member of the OECD. More controversial is a scheme to make rules for employing students more flexible than for other workers.
Chile has no independent agency like Britain’s Office of Budget Responsibility to estimate revenues and spending, points out Eduardo Engel, a director of Espacio Público, a think-tank. The government missed an opportunity to set the tax on diesel at the same rate as that on petrol and has left open widely used loopholes.
If the tax reform does not pay for itself, the government will have less money to spend on more popular policies, like the investment in Araucanía. Mr Engel worries that the battle over tax reform will use up political capital needed to address the grievances of Chile’s middle class, especially crime, poor-quality health care and pension benefits they deem to be too low. Neither Mr Piñera nor his ministers have been astute political managers. The education minister suggested in July that schools should host bingo games to pay for repairs, a gaffe that led to his sacking.
Your link to the free article doesn't work. But I already get the picture that the Rothchild's Economist is bashing Chile on the eve of Pinera's meeting with Trump. After Rothchild's Rio Tinto lost the SQM bid, they chopped the Maersk factory in San Antonio, and still cannot calm down. Sore loosers!

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Space Cat
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Re: The Pinera administration 2.0

Post by Space Cat » Fri Sep 28, 2018 7:40 pm

at46 wrote:
Fri Sep 28, 2018 7:05 pm
Your link to the free article doesn't work. But I already get the picture that the Rothchild's Economist is bashing Chile on the eve of Pinera's meeting with Trump. After Rothchild's Rio Tinto lost the SQM bid, they chopped the Maersk factory in San Antonio, and still cannot calm down. Sore loosers!
Works for me, try adding outline.com/ before a paywalled URL.

If you think this is bashing, you'd better not read their articles about other EMs or today's article about Italy's budget announcement.

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