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...encourage mobility by getting more Spaniards to rent instead of buy. "We need to promote rentals, not only because of the high prices of homes and high levels of mortgage debt, but because there is so much unoccupied housing, which the government sees as 'anti-economic,'" says Salvador Arancibia, spokesman for Spain's Housing Ministry. "In response we have created subsidies to help young people rent their own apartments, passed a housing plan that offers incentives to construction companies to build rental housing, and created a public entity designed to invigorate the rental market." It won't be easy, even...

Author: /time Magazine | Title: Can Spain Sustain? | 6/11/2006 | See Source »

...reaction of Chile's military commanders to the indictment of their erstwhile chief may well have sent a shiver of fear through the hearts of many Chileans. The the generals signaled they were deeply unhappy. Navy chief Admiral Patricio Arancibia warned that Pinochet's indictment had brought tensions in Chile "to a critical point," while armed forces commander General Ricardo Izurieta demanded a meeting with the president to convey the military's discontent. General Izurieta, too, warned that the ruling harmed "the climate of tranquility" in Chile, although as it turned out, only a couple of hundred people turned...

Author: /time Magazine | Title: Why Washington Should Be Putting in a Call to Chile's Generals | 12/5/2000 | See Source »

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