Word: chiles
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...spent several months in the merchant marine. When he was 20, he studied at Harvard summer school, washed dishes at a Howard Johnson's in Boston, and became engaged (briefly) to a girl from South Carolina who had a white Cadillac convertible and called him "honey chile." He retains a strong affection for America and is in fact an American junk-food addict. "When you're in the U.S. with Chirac," says Foreign Minister Alain Juppa, "there's always a problem: as soon as he sees a fast-food place, he has to stop the car, rush...
...Missing," Lemmon plays ED Horman, a conservative American businessman whose son, residing in Chile, disappears a few days after the 1973 military coup that brought General Pinochet to power. Horman travels to Chile and, along with his daughter-in-law, Beth (Sissy Spacek), tries to find out what happened...
...TIER SYSTEM'' THAT MANY EXPERTS ON SOCIAL Security recommend for the U.S. was pioneered in Chile. Having passed through years of military dictatorship before becoming a democracy, that country isn't normally regarded as a showcase of social policy. Yet its 14-year-old retirement system is being adopted by a number of other nations, including Argentina, Australia and Sweden, that have graying populations and overburdened pension plans. The enforced savings and investment features of the new system are already credited with one remarkable outcome: the net worth of the average Chilean--$21,000--is almost four times the worker...
...Chile's earlier pension system was based on the American model. By the mid-1970s it faced a financing meltdown that presented the government of General Augusto Pinochet with two familiar options: cut benefits or raise taxes. Instead Pinochet scrapped the payroll tax-financed system altogether and replaced it with a small, flat stipend, funded out of the government's general revenues, that goes to only the poorest pensioners. Everyone else is required to put 12% of salary into one of 24 large investment funds that the government tightly regulates. The results, say boosters of the Chilean solution...
...jury is still out on whether Chile's social safety net for the elderly poor is sufficient or will prove enduring in the face of other budgetary priorities. But in October the World Bank released an international study of pension systems that deemed the Chilean approach instructive not only to the developing countries the bank serves but also to advanced industrial nations with troubled government-financed pension systems, such as France, Germany, Italy--and the U.S. Social Security scholars assert that there is not the same urgency for change in the U.S. But, says Robert Genetski, a Chicago-based economic...