Word: velascos
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International copper prices rose markedly earlier in this decade. Instead of spending the funds on projects of near-term political value, Chile’s President Michelle Bachelet and Finance Minister Andrés Velasco (the latter on leave from the Kennedy School) took the lead to create an investment fund that would not be tapped for ongoing operational expenses. The fund could be used to help the Chilean economy avoid an economic collapse; when the worldwide financial crisis broke out 18 months ago, the Chilean government was ready with a countercyclical budget—it spent to cushion...
...recent signing ceremony, Chilean Finance Minister Andrés Velasco noted his view about good long-term macroeconomic forecasting: Look around a Harvard PhD classroom. Countries with students in such classes are a good indicator of good performance 10 to 20 years ahead. In the Harvard of 20 years ago, that would have led to forecasting that China and South Korea would perform well. The forecast for Chile already looks good, and it should be better. Neither Chile nor Harvard won the lottery, but, together, we are doing something better—not relying on chance but investing in some...
...back even the limited opportunities casual positions offer. Not only are there fewer jobs available - Spain lost 620,000 positions in 2008; 124,000 joined the ranks of the unemployed in March alone - but those that remain are earning even less. "People here wish they were mileuristas," says Iolanda Velasco, a Vigo city councilwoman. "They're 800-euroists." Velasco, who oversees the city's youth programs notes another change. "The cutoff age for our workshops and training sessions was 30. But because the age [people leave home] keeps rising, we just changed...
Perret’s statement simply is not true. Mexico never formally declared war against the U.S., according to Jesús Velasco-Márquez, a specialist on the war. And it did not proclaim its intention to “repel” American aggression until July 1846, nearly two months after Polk signed the U.S. declaration...
...Velasco, who earned tenure at New York University in 1995, joined Harvard’s faculty a half-decade later...