For the last 12 months there has been an increasing pressure over the Federal Reserve to move into a more contractionary monetary policy than before. The basis for such a case has been the apparently low absolute values of the Fed Funds target rates being in place and some inflationary indexes that have been showing […]
After having systematically missed development opportunities during the first 3 quarters of the XX century, being on the verge of a civil war and military conflicts with neighboring countries in the 1970´s and having a successful transition to democratic governments in the 1990´s, Chile is again on the right track, almost irrespective of its political […]
In Chile, as it might possibly have happened in many other countries trying to close per capita income gaps with respect to developed countries, there have been two silent but impressive changes within the last 20 years that will have deep impacts in our economy: the fall – to stay – in “risk free” real […]
Last Wednesday night we could watch, for the last time, a restrictive debate between the two remaining candidates for next January 15th presidential election in Chile. It was, in fact, the debate between a president – Mr. Piñera – and a candidate – Mrs. Bachelet -. Restrictive debate ? Of course, when you are not […]
Every time a new survey over corruption and transparency goes published, Chile is usually well placed, especially with respect to our Latin American neighbors. And every time this event happens, those that rejoice on the significance of it should be reminded about the other corruptive process that is not considered in those surveys: that of […]
Almost two weeks ago, a going concern; right now, a company under bankruptcy protection. It does not make sense, if looked at from the outside, when this whole process is being triggered from a presumably undisclosed debt owed to the company by its CEO. As a financial intermediary, Refco operated in two formally regulated businesses […]
It is alarming that world leaders are not considering the consequences of present growth patterns of our population, and policies that could correct them. If the 20th century witnessed a massive increase in its numbers, quadrupling them from 1,5 billion people in 1900 to 6 billion in 2000, the 21st century could well be known […]
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