Chile overwhelmingly votes against new constitution

Published

3 years ago

September 5, 2022

Nearly 13 million Chileans have rejected President Gabriel Boric’s ‘progressive’ constitution in a landmark vote

Chileans have voted against President Gabriel Boric’s proposed constitution.

Nearly 62 per cent of voters rejected the changes, which proposed a shifted away from Chile’s dictatorial past with a suite of new policies.

“We have to listen to the voice of the people. Not just today, but the last intense years we’ve lived through,” Boric said.

The proposed changes focussed on increased social rights, gender parity, and recognition for Indigenous peoples.

“That anger is latent, and we can’t ignore it,” Boric said.

The original constitution was published in 1981, and ties the South American nation to free-market policies, which removes any intervention or regulation from the government.

The vote was a crucial test for Boric’s leftist government, as he eyes off a new cabinet in response to the overwhelming vote.

The 36-year-old leader has been in charge of the nation since March, after a 55 per cent majority.

Karol Cariola, who is a spokesperson for the ‘yes’ campaign said change is still on the cards.

“We are committed to creating conditions to channel that popular will and the path that leads us to a new constitution,” Cariola said.

Meanwhile, ‘no’ voters raised concerns about wealth distribution and so-called ‘progressive’ policies.

The mandatory vote follows 80 per cent of Chileans choosing to draft the constitution in 2020, and several years of national protests.

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Published

4 hours ago

December 19, 2025

Harvey Vargas

AI sector drives economic growth; Meta adjusts strategy, Palantir’s valuation sparks questions, and Nvidia leads amid rising competition.

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Some analysts, however, warn that rapid growth may not be sustainable, with current levels of AI-related spending potentially overshooting realistic returns.

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AI investments set to surge in 2026 as companies target productivity gains

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Published

6 hours ago

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Harvey Vargas

Analysts forecast $500 billion AI investment by 2026, transforming corporate spending priorities and enhancing economic productivity.

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AI adoption is expected to boost economic productivity, with significant investment already flowing into AI infrastructure such as semiconductors and data centres. The coming year could redefine how companies leverage technology to gain a competitive edge.

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Stocks, AI and the economy: What to expect in 2026

2025’s market turmoil analyzed: AI hype, tariffs, global politics, and Federal Reserve impacts—tune in for expert insights!

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December 19, 2025

Harvey Vargas

2025’s market turmoil analyzed: AI hype, tariffs, global politics, and Federal Reserve impacts—tune in for expert insights!

2025 has been a rollercoaster for investors, with AI hype, tariffs, and global politics shaking up markets. We break down what these trends mean for your portfolio and the risks ahead.

Joining us for insights is Kyle Rodda from Capital.com, who explains how Treasury yields, unemployment data, and inflation readings are shaping investor sentiment. We also dive into what the Federal Reserve’s recent moves could mean for 2026.

From the potential impact of a 43-day government shutdown to payroll numbers and market expectations, this episode gives you the clarity you need to navigate the next year in stocks.

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