September 02 2010 17:11:18
Navigation
· Home
· Discussion Forum
· News Categories
· Staff Page
· Search
· RSS Feeds
· Ultimate Stat Page
· Links
· Contact
· Voice Your Opinion
News Feeds




Welcome
Chile Profits from Economic Downturn

Advert
World News Share
Michelle Bachelet has broken several barriers in her life. She was the first female, agnostic, and single mother to be elected president of Chile. And as of now, she is also the first president to leave the office with the highest approval rating– 70%.

Her uncommonly high approval rating can be attributed to the economic downturn. While other countries were aggressively spending money on stimulus bills, President Bachelet took $35 billion in cooper sales revenue and saved it.

When the global economy tanked, she had invested that money in sovereign wealth funds overseas instead of stimulus bills. She used the rest of the money on pension reform and social programs for women and children.

Due to her hindsight, Chile’s economy is expected to grow 5% this year.
Comments
#1 | jenncarpenter on October 29 2009 22:08:59
Its really inspiring to hear of a women president bringing good things to her country. I hope she is inspiring other young women as well.
#2 | ethwc on October 30 2009 17:33:16
I don't know that her gender has anything to do with the issue. However, how refreshing to see that one leader in the world decided to approach financial recovery through investing her nation' wealth rather than spending their grandchildrens' money.

Chile seems to have a nicely balanced economy and has been doing pretty well for a while. I might also comment that they make some great wines, especially my personal favorite, Carmenere. Chile seems to be the only country growing this very pleasant and robust grape.
Post Comment
Please Login to Post a Comment.
Ratings
Rating is available to Members only.

Please login or register to vote.

No Ratings have been Posted.
Latest Articles
Last 10 Comments
Vanity Fair Journalist Bashes Sarah Palin in Scathing Article
13169 I am an English professor of over twenty years. I am published, no New York Times best seller, yet, but some of my stories are popular sellers. I enjoy a lot of inside connections within my writers - PurlGurl
Constitution and the Ground Zero Mosque
13132 Excellent piece. Thanks for taking the time to write it. - MplsVala
Sex on TV linked to teen pregnancy
7475 I too agree because The [u - jenifer111
ABC's 9-11 Movie
105 ABC is good channel. Its recently aired show[u - jenifer111
Newspapers vs. Internet
8877 I too agree with this point. Newspapers are no longer reliable and dying in their popularity. Internet is the fast pace medium to read the live news. I usually read about tv shows from here. I like in - jenifer111
Steven Slater: A Working-Class Hero?
13110 Well I guess same about it.. - jenifer111
Constitution and the Ground Zero Mosque
13132 Amen. I doubt very much that the writers intended for habeas corpus to be suspended while fighting a nebulous war against a criminal international group. Al Queda is an organization of evil doers bu - ethwc
E-Readers: Technologically Savvy or Just Lazy?
13143 One has choices for the device to be used. I, for one have refused to pay 300 or more for a reader and use my regular PC with software downloaded for free from Amazon. Literally thousands of books a - ethwc
Constitution and the Ground Zero Mosque
13132 Ed, I applaud your essay, I could not have said it better. I would add, however, that the Constitution DOES give the President the power to suspend habeus corpus in the cases of invasion or of insu - rwahrens
What To Do With Iran?
13133 Well Ethwc, it's going to be tough to deal with Iran now. What should have been done years ago was to allow Israel to go in there and bomb the nuclear plant while it was still being built. But - Anthony W Leone
Most Recent Opinion Pieces
Political Motives For Iraq Withdraw?
Attack On Muslim Cabbie Doesn’t Add Up
ABBEY ROAD:
Some Good Memories
What To Do With Iran?
Constitution and the Ground Zero Mosque
France to Expel Roma Amidst Mounting Criticism
Free Gaza
Can homegrown terrorism be stopped? Or is it a pipe dream?
Cal and the Tea Party
Government Motors (GM)
BP Hedges on Role of Relief Well in Gulf Oil Leak
Arizona's Immigration Law
Who Was the Real Hero of 1910 Bombing of The Los Angeles Times
Is Healthy Good for the Country?
Arizona, Immigration and Lack of Care
Book Review: An Irish Country Village
The beginning of the end for Chrysler
Is Netanyahu Blowing The Usual Smoke?
Why is the “The Twilight Saga” film series so popular?
Natural Disasters, Insurance and the Federal Government
Login
Username

Password



Not a member yet?
Click here to register.

Forgotten your password?
Request a new one here.
Adverts
Top Stories Past 7 Days
You have an error in your SQL syntax; check the manual that corresponds to your MySQL server version for the right syntax to use near ')group by comment_item_id order by a desc limit 10' at line 1You have an error in your SQL syntax; check the manual that corresponds to your MySQL server version for the right syntax to use near ')group by comment_item_id order by a desc limit 10' at line 1
You have an error in your SQL syntax; check the manual that corresponds to your MySQL server version for the right syntax to use near ')group by comment_item_id order by a desc limit 10' at line 1