Word: chiles
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...afford them and they are carefully regulated. They will provide a higher rate of return than the current system, if the economy doesn't tank (in which case the current system may not make it either). And there are social intangibles that come with ownership. When I visited Chile to look at its privatized Social Security system 10 years ago, I met with formerly radical factory workers who proudly brandished their retirement-fund statements and told me they were now paying as much attention to the business page as the sports page in the newspaper...
...their employees to opt out of government retirement plans and invest the proceeds in private funds--yielding legends of courthouse janitors retiring with $750,000 nest eggs. As Bush planned his first presidential campaign, he brought in experts to brief him on how privatization had worked in places like Chile, and even Sweden--surely one of the rare instances of a Republican taking the lead from a country known for a near socialist welfare system...
...Cuba froze relations with most E.U. nations in 2003 after the bloc decided to invite dissidents to embassy functions in Cuba, in protest at a crackdown on opponents of the regime. In December, the E.U. advised dropping that policy after a number of jailed dissidents were released. Slow Justice CHILE The Supreme Court upheld an indictment on charges of kidnap and murder against former dictator Augusto Pinochet, relating to his 1973-1990 period in office. MEANWHILE IN SPAIN... E.U.-1, Skeptics-0 The government kicked off a campaign to publicize the proposed European constitution ahead of a national referendum...
Tsunami central Before last month's disaster, only three earthquakes in the past 100 years were magnitude 9.0 or higher: Kamchatka in 1952 (9.0), Chile in '60 (9.5) and Alaska in '64 (9.2). ??Each came out of the Pacific's Ring of Fire, and each produced oceanwide tsunamis...
...highest court of appeal), which ruled rightly that murder, torture and hostage-taking fail to qualify as legitimate functions of a head of state and so are not immune from prosecution. Gen. Pinochet then turned to his poor health as a defense, and finagled permission to return to Chile as a free man because...