BACHELET FACES RUNOFF ELECTION IN CHILE
Sebastian Pinera, a candidate from the moderate wing of Chile's conservatives, garnered about 26 per cent of the vote in Chile's presidential election on December 11, 2005. Pinera is shown after voting. Socialist Michelle Bachelet will face a united right wing in a January 15 runoff after failing to win more than 50 percent of the vote. (UPI Photo)
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More than $4 billion of cash reserved for Chilean military procurement remains unspent because of mysterious workings of funding arrangements.
Chile's budgetary constraints are coming in the way of what began as an ambitious defense refurbishment and regeneration program with multibillion dollar purchase plans.
As Europe struggles with multiple eurozone crises and economic downturn, emergent Latin America is tilting toward the Pacific region as a potential major partner for its diverse inventory of commodities, processed goods, minerals and other raw materials.
Protests against environmental risks of copper and gold mining are taking the shine off huge investment projects in Bolivia, Chile, Ecuador and Peru, plus neighboring countries wanting to boost income through mineral resources.
Gay rights groups say they are pushing Chilean lawmakers to approve a proposal for a domestic partnership registry that has lingered in Congress since 2011.
Chilean President Sebastian Pinera pushed legislation in congress for a cash handout to 7 million poor seen by analysts as his center-right coalition's bid to counteract "the Bachelet effect."
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Former Chilean President Michelle Bachelet says she plans to run again for her country's highest office.
Nicolas Maduro was sworn in as Venezuela's interim president Friday in Caracas, three days after his predecessor, Hugo Chavez, died of cancer.
A costly court battle looms over a $1.4 billion Chilean power plant well advanced in construction but now faced with cancellation after an appeals court ruling on local protests.
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