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Chile



 



WORLD IN BRIEF

Sat, 7 May 2005 21:03:32 GMT

Chilean Interior Minister Likely to Head OAS
SANTIAGO, Chile -- The Chilean interior minister, Jose Miguel Insulza, was assured Friday that he would be elected as the next secretary-general of the Organization of American States following the withdrawal of Luis Ernesto Derbez, the Mexican foreign secretary, from the race.



A Heady Experience

Sat, 7 May 2005 21:03:32 GMT

Anakena Beach is a glittering little palm-fringed cove where families picnic beside the white sand. As one of my fellow visitors observed while we sipped pisco sours -- the high-powered alcoholic drink of Chile -- Anakena looks the way the South Pacific is supposed to look.



OAS Deadlocks In Election of Chief

Sat, 7 May 2005 21:03:32 GMT

The Organization of American States, stymied by a six-month leadership vacuum, failed to choose a new chief yesterday as its members repeatedly deadlocked in a hard-fought election.



A Safety Net With Some Holes

Sat, 7 May 2005 21:03:32 GMT

SANTIAGO, Chile -- As Eugenio Pumarino studied investment options for his state-sponsored private pension account, the 71-year-old retiree uttered words that would be sweet music to advocates of private accounts for the U.S. Social Security system.



Chile's Pragmatist Embraces Different Brand of Socialism

Sat, 7 May 2005 21:03:32 GMT

COQUIMBO, Chile -- Walking along a dirt road in this northern coastal town last week, President Ricardo Lagos was serenaded by a small orchestra perched on a plywood platform. Turning a corner, he encountered a second ensemble of cellists and violinists, playing just loud enough to overpower the first.



6 U.S. Banks Held Pinochet's Accounts

Sat, 7 May 2005 21:03:32 GMT

Former Chilean dictator Augusto Pinochet had more than 125 accounts at a half-dozen U.S. banks, including Citibank, during the 1990s, according to a Senate report.



Chile Honors Women, One In Particular

Sat, 7 May 2005 21:03:32 GMT

SANTIAGO, Chile, March 8 -- It was supposed to be a moment of silence at a ceremony in the presidential palace Tuesday marking International Women's Day.



Bolivian President Offers His Resignation

Sat, 7 May 2005 21:03:32 GMT

SANTIAGO, Chile, March 7 -- Bolivian President Carlos Mesa, facing massive protests that threaten to cripple a nation already suffering from widespread discord, submitted his resignation letter Monday to the nation's Congress.



Riggs, PNC Settle Lawsuit Brought by Shareholders

Sat, 7 May 2005 21:03:32 GMT

Riggs National Corp. and PNC Financial Services Group Inc. agreed to pay $2.7 million to shareholders to settle a class-action lawsuit against Riggs directors for failing to comply with anti-money-laundering laws.



Drafts Show Allbritton's Pursuit of Pinochet

Sat, 7 May 2005 21:03:32 GMT

When Joe L. Allbritton was chief executive of Riggs Bank, he received personal gifts from Augusto Pinochet and wanted the former Chilean dictator to visit the Allbritton horse farm in Virginia, according to drafts of letters from 1996 and 1997.



Allbrittons, Riggs to Pay Victims of Pinochet

Sat, 7 May 2005 21:03:32 GMT

Riggs Bank and two members of the bank's controlling Allbritton family agreed Friday to pay $9 million to victims of former Chilean dictator Augusto Pinochet for the bank's role in concealing and spiriting Pinochet's money out of Britain in 1999.



Chile's Rights and Corruption Probes Dimming Pinochet's Legacy

Sat, 7 May 2005 21:03:32 GMT

The Eternal Flame of Liberty, christened by Gen. Augusto Pinochet in 1975, was one of the most visible monuments to his dictatorship. Recently, it was extinguished without fanfare during renovations outside the presidential palace, and the government does not plan to relight it.



Riggs, PNC Reach New Merger Agreement

Sat, 7 May 2005 21:03:32 GMT

The merger was abruptly revived Thursday, clearing the way for the demise of what was once Washington's premier bank after a mortifying year of scandal.



Riggs, PNC Continue Negotiations

Sat, 7 May 2005 21:03:32 GMT

Riggs National Corp. and PNC Financial Services Group Inc. remained "well apart" yesterday in negotiations over a purchase price for Riggs, said a source with knowledge of the talks.



Riggs Bank Agrees to Guilty Plea and Fine

Sat, 7 May 2005 21:03:32 GMT

Riggs Bank Thursday admitted it was criminally liable for failing to take adequate measures to prevent potential money laundering by former Chilean dictator Augusto Pinochet and officials of Equatorial Guinea.



U.S. Regulators Investigate Chilean Bank

Sat, 7 May 2005 21:03:32 GMT

A major bank in Chile reported yesterday that U.S. regulators are investigating whether its two branches in the United States have complied with anti-money-laundering laws.



Riggs Directors Silent As Scandal Unfolded

Sat, 7 May 2005 21:03:32 GMT

In October 2002, the directors of Riggs Bank received an internal memorandum listing $1.9 million in suspicious cash withdrawals by former Chilean dictator Augusto Pinochet from 2000 to 2002 -- the board's first official notification of a relationship that bank regulators were investigating.



Chilean Court Upholds Indictment of Pinochet

Sat, 7 May 2005 21:03:32 GMT

Chile's Supreme Court Tuesday upheld the indictment and house arrest of Gen. Augusto Pinochet for nine kidnappings and one homicide allegedly committed during his dictatorial rule that was marked by pervasive human rights abuses.



Legal Momentum Gathers in Chile Against Pinochet

Sat, 7 May 2005 21:03:32 GMT

SANTIAGO, Chile -- In the long struggle to seek justice for victims of human rights abuses committed during 17 years of military rule in Chile, former dictator Augusto Pinochet has repeatedly escaped efforts to prosecute him and bring him to trial. With Pinochet now under house arrest, the country's Supreme Court is said to be ready to announce Monday whether the ailing ex-general will finally be brought to court.



Job Provision Born of Riggs Scandal

Sat, 7 May 2005 21:03:32 GMT

Congress's newly passed intelligence bill contains a provision adopted in response to the Riggs Bank scandal: It requires senior federal bank examiners to wait a year before accepting private-sector jobs with financial institutions they regulated as government employees.