Miracle of Chile

The "Miracle of Chile" was a term used by economist Milton Friedman to describe the reorientation of the Chilean economy in the 1980s and the effects of the economic policies applied by a large group of Chilean economists who collectively came to be known as the Chicago Boys, having studied at the University of Chicago where Friedman taught. He said the "Chilean economy did very well, but more importantly, in the end the central government, the military junta, was replaced by a democratic society. So the really important thing about the Chilean business is that free markets did work their way in bringing about a free society." The junta to which Friedman refers was a military government that came to power in a 1973 coup d'état, which came to an end in 1990 after a democratic 1988 plebiscite removed Augusto Pinochet from the presidency.

Sinking of tugboat "13 de Marzo"

The "sinking of the tugboat '13 de Marzo'" was an incident on July 13, 1994, where 37 Cubans who attempted to leave the island of Cuba on a tugboat deviated by its captain with the intention of requesting asylum in the United States drowned at sea. The

René Schneider

General René Schneider Chereau was the commander-in-chief of the Chilean Army at the time of the 1970 Chilean presidential election, when he was assassinated during a botched kidnapping attempt. He coined the doctrine of military-political mutual

Peso problem (finance)

The Peso problem in finance is a problem which arises when "the possibility that some infrequent or unprecedented event may occur affects asset prices". The difficulty or impossibility of predicting such an event creates problems in modeling the economy

Leg Over Leg

Leg Over Leg is a book by Ahmad Faris Shidyaq, considered one of the founders of modern Arabic literature. Detailing the life of 'the Fariyaq', the alter ego of the author, offering commentary on intellectual and social issues, it is described as "always

USS Manada (YTB-224)

USS Manada (YTB-224), originally designated YT‑224, was redesignated YTB‑224 on 15 May 1944; launched by Elizabeth City Shipyard, Elizabeth City, NC, 5 July 1944; sponsored by Miss Virginia Liverman; and accepted and placed in service 2 December

Free price system

A free price system or free price mechanism is a mechanism of resource allocation that relies upon prices set by the interchange of supply and demand. The resulting price signals communicated between producers and consumers determine the production and

USS Maquinna (YTB-225)

USS Maquinna (YTB-225) was launched 30 April 1944 by John Trumpy & Sons, Inc., Gloucester City, New Jersey; sponsored by Mrs. Margaret O. Trumpy; reclassified YTB‑225 15 May 1944; and commissioned 19 September 1944, Lt. David Weinig in command

Néstor Rodríguez Lobaina

Néstor Rodríguez Lobaina is a Cuban democracy activist. He is the older brother of Rolando Rodríguez Lobaina

USS Neoga (YTB-263)

USS Neoga (YTB-263) was laid down as YT–263, 24 December 1943, by the J.M. Martinac Shipbuilding Corp., Tacoma, Washington; named Neoga 28 April 1944; reclassified YTB–263, 15 May 1944; launched 13 June 1944; and placed in service 21 October 1944

Chaudhry Nadeem Khadim

Ch Nadeem Khadim (born January 12, 1970 at Okara, Pakistan is a Pakistani politician and Member of the Pujab Assembly