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The result, 78 percent in favor of a new constitution, is a damning indictment on the neoliberal system adopted under th...
17/04/2022

The result, 78 percent in favor of a new constitution, is a damning indictment on the neoliberal system adopted under the right-wing junta in 1973 that was used as a launch pad for similar programs around the world.
On Sunday, almost exactly a year after protests over inequality erupted in the country, Chileans voted in a landslide to adopt a new constitution that will ditch the one enshrined in 1980 under the military dictatorship of General Augusto Pinochet.
As Robert Packenham and William Ratliff wrote in a 2007 Hoover Institution paper, “The first country in the world to make that momentous break with the past – away from socialism and extreme state capitalism toward more market-oriented structures and policies – was not Deng Xiaoping’s China or Margaret Thatcher’s Britain in the late 1970s, Ronald Reagan’s United States in 1981, or any other country in Latin America or elsewhere. It was Pinochet’s Chile in 1975.”

Wholesome Meals, Any Night of the Week. Healthy eating can mean a lot of different things. For some of us it means incor...
16/04/2022

Wholesome Meals, Any Night of the Week. Healthy eating can mean a lot of different things. For some of us it means incorporating more low-carb or Whole30-friendly meals into our weekly routine. For others it's all about following a Mediterranean diet or committing to meal prep and eating more plant-based foods. However you define it and put it into practice, we can all agree on two things: healthy eating nourishes us and fills our plates with plenty of wholesome ingredients. That’s the idea behind these quick and easy any-night dinner recipes, including this fun take on enchiladas. It has the same great smoky spicy, sweet flavor you'd find in the classic version — but this one will fill up on squash, broccoli and black beans (instead of cheese and tortillas). Serve with a garnish of cilantro, fresh lime juice, diced avocado and a bit of shredded cheese for maximum enchilada feels.

Digital paymentsAs well as offering passengers more information through mobile phone applications, operators are also lo...
15/04/2022

Digital payments
As well as offering passengers more information through mobile phone applications, operators are also looking to make payments more efficient and COVID-safe through contactless options. Some Latin American cities already offer the option to pay using debit and credit cards, like Rio de Janeiro and Guatemala City, and others like Panama City and San José, Costa Rica are working to implement pilots. Cashless payments aim to simplify and streamline the experience for users by reducing the purchase and entry queues at transport hubs, minimising crowds at peak hours and increasing customer satisfaction using ‘tap and go’.
“The future is new Mobility-as-a-Service applications and there will be more integration in travel within the city and metropolitan regions without the need for interruptions to buy a new ticket,” said Fernanda Caraballo, Director of Business Development for Latin America at Mastercard. “This is a benefit for the frequent, infrequent and tourist travellers because they save time by paying with a debit or credit card and, in the case of tourists, the language barrier and doubts are eliminated, if they are in an unknown city.”
Caraballo says Mastercard’s aim is to transform the collection schemes for transportation systems to generate savings and efficiency for the city and for transportation operators, and to improve the quality of life for citizens.
“Mastercard seeks to offer the best solution that suits the specific needs of each city,” she added.

Sunday marked a historic day in Chilean history. And that is no mere empty phrase. The word “historic” can rarely be app...
14/04/2022

Sunday marked a historic day in Chilean history. And that is no mere empty phrase. The word “historic” can rarely be applied with better justification than here: Almost 80% of the electorate voted in favor of rewriting the constitution, a document dating back to the dark days of the Pinochet dictatorship, which ended some 30 years ago.
During the mass demonstrations in Chile a year ago, one of the main calls was for a new constitution that put far more emphasis on social policies. President Sebastian Pinera eventually gave in and agreed to hold a referendum on constitutional reform. Now, Chileans have sent an important signal to other Latin American countries: namely, that widespread discontent about extreme inequality can lead to a peaceful, democratic process of change.

This week we will take a look at prices and volumes of kiwifruit in the U.S. market.In a recent article, we discussed ho...
14/04/2022

This week we will take a look at prices and volumes of kiwifruit in the U.S. market.
In a recent article, we discussed how Chilean kiwifruit production had decreased due to labor shortages as a result of the pandemic, and how Northern California, whose season has already ended, also saw a drop in production. Add this to the increase in consumption of fruits rich in vitamin C, and you get high kiwifruit prices in the market.
To the above, we must add the fact that kiwifruit stocks in the Northern Hemisphere (United States, Italy, Greece, France) are lower compared to previous years, and that there are also delays in Chilean production. Let us also remember that the majority of kiwifruit volumes from New Zealand go to the Asian market and to Europe.
As we mentioned, and as can be seen in the graph below, the reported average prices of kiwifruit in the North American market have been the highest in recent years. The average reported price in May was US$25.68 for containers of nine kilograms or 19.8 pounds, which represents a 15 percent increase year-on-year.

Beauty and health secret. Add Flax to Your Food. Sprinkling a little flaxseed into your favorite smoothie might just be ...
13/04/2022

Beauty and health secret. Add Flax to Your Food. Sprinkling a little flaxseed into your favorite smoothie might just be the easiest way to fend off the ravages of time. This high-fiber addition to your diet can not only improve the health of your gut bacteria, thus reducing your Alzheimer's risk, the omega-3s found in flaxseed can prompt your body to create new collagen cells, making your skin smooth and line-free.

Fact about nutrition Cook With Olive Oil. Swap that vegetable oil for extra virgin olive oil and you'll look younger eve...
11/04/2022

Fact about nutrition Cook With Olive Oil. Swap that vegetable oil for extra virgin olive oil and you'll look younger every time you hit the kitchen. Replacing inflammatory vegetable oils with EVOO can increase HDL, the “good” cholesterol, and help lower blood pressure.

A party thrown in Chile to celebrate a cat's birthday has resulted in a local coronavirus outbreak, with some 15 people ...
10/04/2022

A party thrown in Chile to celebrate a cat's birthday has resulted in a local coronavirus outbreak, with some 15 people contracting the disease, a health official has confirmed. The celebratory feline, however, was fine.
The bizarre incident was confirmed by Francisco Alvarez, an official with the Ministry of Health for Chile's Valparaiso region. Speaking to Radio Bio-Bio on Saturday, Alvarez said that a coronavirus outbreak in the small seaside town of Santo Domingo, reported by local media a while ago, was indeed sparked by a birthday party thrown for a cat.
'Even though it sounds unbelievable and almost fiction, these things happen in our country,' Alvarez stated.
Health officials have doubted the cat's birthday was the true motive behind the gathering, suspecting there was something more to it, but the revelers have insisted that was the genuine reason for the get-together.
'When I knew about this, I said… it's a joke. Probably they said that to conceal something else, but it was exactly that,' the official added.

We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that th...
09/04/2022

We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn't mean that they don't have occasional colossal losses; they do (like Melvin Capital's recent GameStop losses). However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, as the current round of 13F filings has just ended, let’s examine the smart money sentiment towards Banco de Chile (NYSE:B*H).
Is Banco de Chile (NYSE:B*H) a good investment today? Investors who are in the know were betting on the stock. The number of long hedge fund positions improved by 2 recently. Banco de Chile (NYSE:B*H) was in 5 hedge funds' portfolios at the end of March. The all time high for this statistic is 10. Our calculations also showed that B*H isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings). There were 3 hedge funds in our database with B*H positions at the end of the fourth quarter.
Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Hedge funds have more than $3.5 trillion in assets under management, so you can't expect their entire portfolios to beat the market by large margins. Our research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 115 percentage points since March 2017 (see the details here). So you can still find a lot of gems by following hedge funds' moves today.

Two almost simultaneous earthquakes were felt Saturday in the South Shetland Islands in the Antarctica and in central Ch...
08/04/2022

Two almost simultaneous earthquakes were felt Saturday in the South Shetland Islands in the Antarctica and in central Chile, where buildings shook in the country’s capital. No casualties or damage were immediately reported.
The quake in the South Shetland Islands had a magnitude of 6.9 with a depth of 9.6 kilometers, according to the U.S. Geological Survey, while the earthquake in Chile had a magnitude of 5.8.
Chile’s Interior Ministry said on Twitter the South Shetland Islands quake was 216 kilometers northeast of the country’s O’Higgins scientific base, and called for coastal regions in the Antarctica to be evacuated because of a tsunami risk.

Italian Prime Minister Mario Draghi said China’s anti-COVID vaccine did not fully work and questioned whether Russia’s S...
07/04/2022

Italian Prime Minister Mario Draghi said China’s anti-COVID vaccine did not fully work and questioned whether Russia’s Sputnik jab would ever get approval from European regulators.
'The Chinese vaccine... has shown itself not to be adequate. You can see that from Chile’s experience of tackling the epidemic,' Draghi told reporters at the end of a European Union summit.
Chile has relied heavily on the COVID-19 shot developed by China’s Sinovac, but health authorities in the South American country have questioned how effective it is against more transmissible virus variants and are also looking into how long it remains effective once injected.
A study published in April said the Chinese vaccine proved minimally effective at preventing illness after one dose. With a second jab, it was 67% effective in preventing symptomatic infection, 85% effective in preventing hospitalizations and 80% in preventing deaths.
Draghi also questioned Russia’s Sputnik vaccine.
The European Medicines Agency (EMA) had been expected to conclude its review of the Russian jab and issue a decision in May or June. However, approval was delayed because the makers missed a June 10 deadline to submit data, sources told Reuters earlier this month.
“The Russian vaccine Sputnik has never been able to get approval from EMA and perhaps it never will,” Draghi said.

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