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.

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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).

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Even so, those who graduate usually earn low incomes and pay credit to banks for years.

International

Marco Rubio warns Venezuela against military action against Guyana

U.S. Secretary of State Marco Rubio warned Venezuela on Thursday that a military attack on Guyana would be “a big mistake” and “a very bad day for them,” expressing his support for Georgetown in its territorial dispute with Caracas.

“It would be a very bad day for the Venezuelan regime if they attacked Guyana or ExxonMobil. It would be a very bad day, a very bad week for them, and it would not end well,” Rubio emphasized during a press conference in Georgetown alongside Guyanese President Irfaan Ali.

International

Ecuador oil spill worsens as containment dam collapses

The collapse of a containment dam holding back part of the 25,000+ barrels of oil spilled from a pipeline rupture nearly two weeks ago has worsened the environmental crisis in northwestern Ecuador, contaminating rivers and Pacific beaches.

The Ecuadorian government attributed the March 13 pipeline rupture—which led to the spill of 25,116 barrels of crude—to an act of sabotage. The spill affected three rivers and disrupted water supplies for several communities, according to authorities.

On Tuesday, due to heavy rains that have been falling since January, a containment dam on the Caple River collapsed. The Caple connects to other waterways in Esmeraldas Province, a coastal region bordering Colombia, state-owned Petroecuador said in a statement on Wednesday.

Seven containment barriers were installed in the Viche River, where crews worked to remove oil-contaminated debris. Additional absorbent materials were deployed in Caple, Viche, and Esmeraldas Rivers, which flow into the Pacific Ocean.

Authorities are also working to protect a wildlife refuge home to more than 250 species, including otters, howler monkeys, armadillos, frigatebirds, and pelicans.

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“This has been a total disaster,” said Ronald Ruiz, a leader in the Cube community, where the dam was located. He explained that the harsh winter rains caused river levels to rise, bringing debris that broke the containment barriersthat were holding the accumulated oil for extraction.

International

Federal court blocks Trump’s use of Enemy Alien Act for deportations

A federal appeals court upheld the block on former President Donald Trump’s use of the Enemy Alien Act on Wednesday, preventing him from using the law to expedite deportations of alleged members of the transnational criminal group Tren de Aragua.

With a 2-1 ruling, a panel from the Washington, D.C. Court of Appeals affirmed previous decisions by two lower court judges, maintaining the legal standoff between the White House and the judiciary.

On March 14, Trump invoked the 1798 Enemy Alien Act, a law traditionally used during wartime, to deport hundreds of Venezuelans whom he accused of belonging to Tren de Aragua, a criminal organization that originated in Venezuelan prisons.

The centuries-old law grants the president the power to detain, restrict, and expel foreign nationals from a country engaged in a “declared war” or an “invasion or predatory incursion” against the United States, following a public proclamation.