LYCOS RETRIEVER
Chile: Chileans
built 629 days ago
General Augusto Pinochet, one of the most controversial figures in recent Chilean history, was head of the military junta that ruled Chile from 1973 to 1990. The 1973 coup overthrew the marxist government of Salvador Allende resulting in his suicide. Civilian rule was eventually restored in 1990, opening the way for the transition to democracy.
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Founded in 1893, Banco de Chile has since been one of the largest and most profitable Chilean banks in terms of return on assets and shareholders' equity. At the end of September 2006, Banco de Chile held a market share over total net loans of 18.1%, being ... the largest bank of local capital and the second largest financial institution on an overall basis.
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The experiments in Chile appear to have substantial support from government and other organizational sources. In addition, as long ago as 1992, the Germany group, Solar Institut Julisch, had demonstrated the use of parabolic cookers with retained heat capacity, an experiment later repeated in India, Egypt and elsewhere. Chileans have ... been exposed to a range of types of cookers, in the search for designs powerful enough for their climate.
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Chile got its Independence on September 18, 1810. Every year Chileans celebrate their national day from September 17 (only a half day of work) until September 19. This day... known as "Army day" is characterized by a military parade past the President at O'Higgins Park. The 18th celebrations are normally held in the "Fondas", a place in the open air covered with leaves that resembles a dancing and dining area. You can find many "Fondas" at Parque O'Higgins during the week of the Independence day celebrations. At these "Fondas" people gather to dance the traditional "Cueca", the national dance.
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Chile's independent Central Bank pursues an inflation target of between 2% and 4%. Inflation has not exceeded 5% since 1998. Chile registered an inflation rate of 3.2% in 2006. The Chilean peso’s rapid appreciation against the U.S. dollar in recent years has helped dampen inflation. Most wage settlements and loans are indexed, reducing inflation's volatility. Under the compulsory private pension system, most formal sector employees pay 10% of their salaries into privately managed funds.
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