International
Boric announces regiver of university debt and proposes a new financing system
The President of Chile, Gabriel Boric, announced his promised bill to forgive part of the debt that more than 1.2 million university students contracted in special credits to pay for their studies, while presenting a new public financing system.
“Most of those who are listening to these words today know someone who is in debt today for having studied in higher education with the State-Endorsed Credit (…) Today the CAE is a problem for all of Chile,” Boric said on national television.
Created in 2005 during the government of the socialist Ricardo Lagos (2000-2006), the CAE allowed thousands of young people with limited resources to access universities, but “over time it became a burden for students and their families,” the president added.
Despite what was promised in the campaign, the pardon will not be universal, but partial, and will be made “based on criteria of justice and merit,” and it will be taken into account if the person ended his career or if he has the debt up to date, Boric explained.
“Thus, we will support debtors with fewer resources, we will recognize those who have responsibly paid their dues and we will encourage the regularization of those who still owe payments,” he said.
The legislative initiative, which will be presented this Tuesday in Parliament – where the Government does not have a majority – replaces the CAE with the so-called Public Financing for Higher Education (FES), an instrument with which beneficiary students do not disburse resources or go into debt, but pay their careers with a kind of progressive tax when they join the labor market, of no more than 8% of their monthly salary.
The FES, Boric said, “will involve a significantly lower fiscal expenditure than the State currently disburses for CAE,” which to date amounts to 9 billion dollars.
“Banks will not participate in this new financing instrument. With the FES, there will be no room for speculation, abuse, or profit, but a fair reward for the training received,” he concluded.
Boric, 38, forged his political career in the student mobilizations of 2011 in favor of gratuitousness and against the CAE.
The initial interest of the CAE was 6%, but after the mobilizations the rate was reduced to 2% during the government of the center-right Sebastián Piñera (2000-2014).
Even so, those who graduate usually earn low incomes and pay credit to banks for years.
International
María Corina Machado says Venezuela’s political transition “must take place”
Venezuelan opposition leader María Corina Machado said this Thursday, during a virtual appearance at an event hosted by the Venezuelan-American Association of the U.S. (VAAUS) in New York, that Venezuela’s political transition “must take place” and that the opposition is now “more organized than ever.”
Machado, who is set to receive the Nobel Peace Prize on December 10 in Oslo, Norway — although it is not yet known whether she will attend — stressed that the opposition is currently focused on defining “what comes next” to ensure that the transition is “orderly and effective.”
“We have legitimate leadership and a clear mandate from the people,” she said, adding that the international community supports this position.
Her remarks come amid a hardening of U.S. policy toward the government of Nicolás Maduro, with new economic sanctions and what has been described as the “full closure” of airspace over and around Venezuela — a measure aimed at airlines, pilots, and alleged traffickers — increasing pressure on Caracas and further complicating both air mobility and international commercial operations.
During her speech, Machado highlighted the resilience of the Venezuelan people, who “have suffered, but refuse to surrender,” and said the opposition is facing repression with “dignity and moral strength,” including “exiles and political prisoners who have been separated from their families and have given everything for the democratic cause.”
She also thanked U.S. President Donald Trump for recognizing that Venezuela’s transition is “a priority” and for his role as a “key figure in international pressure against the Maduro regime.”
“Is change coming? Absolutely yes,” Machado said, before concluding that “Venezuela will be free.”
International
Catalonia’s president calls for greater ambition in defending democracy
The President of the Generalitat of Catalonia, Salvador Illa, on Thursday called for being “more ambitious” in defending democracy, which he warned is being threatened “from within” by inequality, extremism, and hate speech driven by what he described as a “politics of intimidation,” on the final day of his visit to Mexico.
“The greatest threat to democracies is born within themselves. It is inequality and the winds of extremism. Both need each other and feed off one another,” Illa said during a speech at the National Autonomous University of Mexico (UNAM) in Mexico City.
In his address, Illa stated that in the face of extremism, society can adopt “two attitudes: hope or fear,” and warned that hate-driven rhetoric seeks to weaken citizens’ resolve. “We must be aware that hate speech, the politics of intimidation, and threats in the form of tariffs, the persecution of migrants, drones flying over Europe, or even war like the invasion of Ukraine, or walls at the border, all pursue the same goal: to make citizens give up and renounce who they want to be,” he added.
Despite these challenges, he urged people “not to lose hope,” emphasizing that there is a “better alternative,” which he summarized as “dialogue, institutional cooperation, peace, and human values.”
“I sincerely believe that we must be more ambitious in our defense of democracy, and that we must remember, demonstrate, and put into practice everything we are capable of doing. Never before has humanity accumulated so much knowledge, so much capacity, and so much power to shape the future,” Illa stressed.
For that reason, he called for a daily defense of the democratic system “at all levels and by each person according to their responsibility,” warning that democracy is currently facing an “existential threat.”
International
WMO predicts 55% chance of weakened La Niña impacting global weather this winter
The World Meteorological Organization (WMO) reported on Thursday that there is a 55% chance that the La Niña phenomenon, typically associated with cooler temperatures, will affect global weather between December and February, though in a weakened form.
In its update released Thursday, the WMO clarified that while La Niña is usually linked to a temporary drop in average global temperatures, some regions could still experience warmer-than-normal conditions.
As 2026 progresses, the WMO expects the planet to shift toward neutral conditions, neither influenced by La Niña nor by its opposite, El Niño, which is associated with increased temperatures. The likelihood of neutral conditions is expected to rise to 75% between February and April, according to the agency’s regular bulletin on these phenomena.
La Niña occurs due to cooling of the central and eastern Pacific Ocean waters and is also linked to changes in tropical atmospheric circulation, including wind and rainfall patterns. The opposite phenomenon, El Niño, has not been observed by experts since 2024, which currently remains the warmest year on record.
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