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	<title>price cut Archives - Iran News Daily</title>
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		<title>Chile&#8217;s President Announces Price Cuts After Protests</title>
		<link>https://irannewsdaily.com/2019/10/chiles-president-announces-price-cuts-after-protests/</link>
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		<dc:creator><![CDATA[reporter 1222]]></dc:creator>
		<pubDate>Wed, 23 Oct 2019 13:44:25 +0000</pubDate>
				<category><![CDATA[international]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Chile protests]]></category>
		<category><![CDATA[Pinera]]></category>
		<category><![CDATA[price cut]]></category>
		<guid isPermaLink="false">https://irannewsdaily.com/?p=100839</guid>

					<description><![CDATA[<p>TEHRAN (Iran News) – Chile&#8217;s President Sebastian Pinera announced new measures aimed at resolving one of the country&#8217;s worst political crisis in years following weeks of protests and looting. In a televised speech on Tuesday, Pinera promised an immediate 20 percent increase in government-subsidized pensions, a guaranteed wage of $480, reduction in prices of medicines [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://irannewsdaily.com/2019/10/chiles-president-announces-price-cuts-after-protests/">Chile&#8217;s President Announces Price Cuts After Protests</a> appeared first on <a rel="nofollow" href="https://irannewsdaily.com">Iran News Daily</a>.</p>
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										<content:encoded><![CDATA[<h3 class="lead">TEHRAN (<a href="https://irannewsdaily.com/" target="_blank" rel="noopener noreferrer">Iran News</a>) – Chile&#8217;s President Sebastian Pinera announced new measures aimed at resolving one of the country&#8217;s worst political crisis in years following weeks of protests and looting.</h3>
<p>In a televised speech on Tuesday, Pinera promised an immediate 20 percent increase in government-subsidized pensions, a guaranteed wage of $480, reduction in prices of medicines for the poor, and the stabilization of electricity costs.</p>
<p>He also announced a new tax bracket of 40 percent for those earning more than $11,000 a month, as well as looking to cut the wages of lawmakers and public officials, Al Jazeera reported.</p>
<p>Pinera also took the opportunity and asked for forgiveness for the past and current governments that failed to address the deep inequalities that are afflicting Latin America&#8217;s fifth largest economy.</p>
<p>&#8220;The people have delivered a clear message,&#8221; Pinera said.</p>
<p>&#8220;It&#8217;s true that these problems didn&#8217;t appear in the last couple of days. They have been accumulating for decades, but it&#8217;s also true that the governments were not able to acknowledge the situation in its complete magnitude.</p>
<p>&#8220;I recognize this lack of vision, and I apologies to my countrymen,&#8221; he added.</p>
<p>Pinera said he hoped to turn recent violent protests in an &#8220;opportunity&#8221; for Chile &#8220;to make up for lost time&#8221;.</p>
<p>Claudia Mix, a congresswoman, dismissed Pinera comments on Twitter, saying that &#8220;Chile needed a new social pact with greater political and social democracy&#8221;.</p>
<p>Cristobal Bellolio, a political commentator based at Santiago&#8217;s University of Adolo Ibanez, said the pledges were &#8220;a step in the right direction&#8221; but added he did not know &#8220;if it&#8217;s enough&#8221;.</p>
<p>At least 15 people have been killed and more than 5,000 arrested in protests that started in the wake of an increase in metro fares, prompting a weekend of riots, looting of businesses and the declaration of a state of emergency by Pinera across 10 cities.</p>
<p>Further protests were expected on Wednesday, along with a general strike called in solidarity with the demonstrations that will include the union of top copper miner Codelco.</p>
<p>In an open letter to Pinera, rights group Amnesty International said it was concerned over human-rights violations and limitations imposed by the military during city-wide evening lockdowns.</p>
<p>&#8220;The sole fact that some groups or people have committed acts of violence in a protest does not authorize security forces to dissolve them with the use of force,&#8221; said Erika Guevara, the group&#8217;s Americas director.</p>
<p>The post <a rel="nofollow" href="https://irannewsdaily.com/2019/10/chiles-president-announces-price-cuts-after-protests/">Chile&#8217;s President Announces Price Cuts After Protests</a> appeared first on <a rel="nofollow" href="https://irannewsdaily.com">Iran News Daily</a>.</p>
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