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75-564: In 2017, after 5 years of renovation, the service was split into two, a fully renovated, 20-kilometre (12 mi) commuter service between Santiago and Nos, a neighborhood in San Bernardo , in the south of the city, and an 82-kilometre (51 mi) regional rail between Santiago and Rancagua. This caused the suppression of all Metrotren services to San Fernando, a second connection with the Santiago Metro at Lo Valledor station, and

150-463: A national TV spot on YouTube featuring a male gay couple, something never seen before in a presidential campaign run in Chile. Amongst his promises were increasing education rates and improving international relations with the neighboring nation of Peru . Piñera's victory meant a shift towards the right, breaking two-decades of center-left political leadership in Chile and I. the process becoming

225-781: A Master of Arts and PhD in economics . Piñera was an economics lecturer from 1971 until 1988 at the University of Chile , the Pontifical Catholic University of Chile , and Adolfo Ibáñez University . In 1971, he was in charge of Economic Political Theory in the School of Economics at the University of Chile, and in 1972, at the Valparaiso Business School. In 1989, with Cecilia Morel, Danica Radic, and Paula Délano, Piñera created

300-403: A corruption scandal that led the company to almost bankruptcy, it was decided to empower the most profitable services in order the national rail system. The Metrotren line received a complete renovation in communications, electrification, signaling and station infrastructure, as well as the rolling stock was painted orange in order to facilitate the use in other EFE services like Biotren . In 2009,

375-513: A family-owned copper mine Dominga to his best friend through shell companies registered in British Virgin Islands Piñera once owned 90% of Chilevisión (a terrestrial television channel broadcasting nationwide). He also owned 27% of LAN Airlines (LAN); 13% of Colo-Colo , a football (soccer) club; and other minor stock positions in companies such as Quiñenco , Enersis , and Soquimich . In July 2007, Piñera

450-811: A fundamental role in the creation of the Pacific Alliance , and also involved Chile in the international arena by celebrating the CELAC-EU Summit in Santiago in 2013 in which he had a discussion with Bolivia President Evo Morales on the topic of the Bolivian Government demanding Sea Access. Early in 2012, physicist Frank Duarte sharply criticized Piñera's performance in the handling of the Chilean–Peruvian maritime dispute at The Hague, deemed as favoring commercial interests over

525-660: A member of the Christian Democratic Party. Another nominee was Cristián Larroulet, who was an economic planning adviser under Pinochet . Piñera first met with his new ministers one day later and issued a formal memorandum calling upon all members to renounce their positions in all private companies by 28 February to avoid conflicts of interest. The memorandum also said that in regards to national heritage , secretaries of state whose affiliation with companies having direct receipt of fiscal monies must either remove themselves from those associations or honor

600-421: A middle perimetral wall and the central enclosure, all which are consistent with Incan architectural tripartition designs. Furthermore, the principle structure's design is consistent with the structural designs of Incan Ushnu (place of observation). This observatory status has been confirmed by the structure's seemingly perfect lineation of its altar with the first ray of sun during the winter solstice (21 June) and

675-480: A national level, San Bernardo is characterized as the capital of Chilean folkloric traditions. This is mainly due to two annual events held in the commune: the "Festival Nacional del Folklore de San Bernardo" (English: San Bernardo's National Festival of Folklore) and "Abril Cuecas Mil" (English: A Thousand Cuecas April). The Festival Nacional del Folklore de San Bernardo has been held at the end of February since 1972 and draws participants and spectators from all around

750-597: A reconciliation between the Chilean people who suffered human rights violations during Augusto Pinochet 's dictatorship. Piñera was general manager of the Banco de Talca . In 1982, a warrant was issued for his arrest on charges of violating banking law and fraudulent loans, in an event where over US$ 38 million were not paid to the Central Bank of Chile , Piñera being the Banco de Talca 's CEO. The money disappeared and

825-499: A space of ritual use. The Chena's Pucará was observed to have a zoomorphic design, resembling a puma, which is a characteristic of Incan ceremonial and sacred structures. The word Chena (the name of the hills) means puma in oestrous cycle in the Quechuan language. Subsequent investigations have further supported the sacred denomination by revealing the structure to be composed of three separate edifications; an outside perimetral wall,

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900-646: A state visit to Spain to boost relations between the two countries. While in Spain, President and Mrs Piñera, with Prince Felipe and Princess Letizia , opened the exhibition "Don Qui. El Quijote de Matta", at the Cervantes Institute of Madrid . As president, Piñera expressed support for the Argentine claim on the Falkland Islands , referring to " the unrenounceable rights of Argentina on

975-539: Is given to the best overall student in each class. Piñera continued on to Harvard University on a partial Fulbright Program for postgraduate studies in economics. During his time at Harvard, Piñera and a classmate coauthored an article, "The Old South's Stake in the Inter-Regional Movement of Slaves", for the Journal of Economic History . After three years at Harvard, Piñera graduated with both

1050-578: Is held annually on the last Saturday of April, since 1993. First proposed by professor Arturo García Araneda, a San Bernardino folklorist, the event centres around Cueca, Chile's national dance. The event lasts for about 30 continuous hours and consists of a line-up of musicians, bands, or folkloric groups playing a thousand Cuecas for an open floor, where anyone is welcomed to partake in the dancing. Participants range from enthusiasts and amateurs to professional and trained dancers. The style of Cueca usually alternates between more traditional folkloric styles during

1125-533: Is his mother's great-great-grandmother, Luisa Pinto Garmendia, the sister of President Aníbal Pinto Garmendia and daughter of President Francisco Antonio Pinto and Luisa Garmendia Alurralde, who was a descendant of the penultimate Inca emperor, Huayna Capac . He was a nephew of the former oldest living Roman Catholic bishop in the world, Bernardino Piñera , who died in 2020 due to complications from COVID-19 . Piñera's family moved to Belgium one year after his birth and later to New York City , where his father

1200-518: Is to return the Copa Libertadores to Chile. That is our great goal." Although he will remain part owner, he will take no administrative duties or role while President. Piñera announced his "cabinet of unity" on 9 February 2010 in Chile's National Historical Museum. The cabinet was made up of 16 men and 6 women. Among Piñera's nominees was Jaime Ravinet , the previous president's defense minister; until accepting Piñera's offer, he had been

1275-418: The 2005 presidential election (RN was supposed to support UDI's Lavín ). He described his political philosophy as Christian humanism . Piñera ran for President of Chile in the 2009–2010 election. From August 2009, he led in opinion polls, competing with left-of-center candidates Eduardo Frei Ruiz-Tagle , Marco Enríquez-Ominami , and Jorge Arrate . In the 13 December 2009 election, Piñera placed first in

1350-525: The Argentine province of Tierra del Fuego to the province of Santa Cruz through Chilean territory. Another 1,500 tourists were left without movement in Torres del Paine National Park after routes to Puerto Natales and El Calafate were cut. In consequence, on 14 January, Minister Secretary General of Government Ena von Baer announced changes in Sebastián Piñera's government cabinet, including

1425-585: The Christian Democrat Eduardo Frei Ruiz-Tagle in his pre-candidacy for president. Between 11 March 1990 and 11 March 1998, Piñera was senator for Eastern Santiago . In 1998, Piñera opposed the arrest and detention of Augusto Pinochet in London, initiated by Baltasar Garzón , arguing that it was an attack on Chile's sovereignty and dignity. On 14 May 2005, in a surprise move, Piñera announced his candidacy for

1500-754: The Colombian peace process and celebrated the Summit between the Community of Latin American and Caribbean States and the European Union in Santiago in 2013. In 2014, during the end of his term, the President highlighted the creation of 990 thousand new jobs, in addition to the fact that the country was in a position to grow economically between 6 or 7%, in addition to the reduction of poverty rates in

1575-488: The Pontifical Catholic University of Chile and economics at Harvard University . At the time of his death, he had an estimated net worth of US$ 2.7 billion, according to Forbes , making him the third richest person in Chile and the 1177th richest person in the world. A member of the liberal-conservative National Renewal party, he served as a senator for the East Santiago district from 1990 to 1998, running for

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1650-676: The Santiago Metropolitan Region . It is the seat of the Roman Catholic Diocese of San Bernardo . According to the 2002 census of the National Statistics Institute , San Bernardo spans an area of 155.1 km (60 sq mi) and has 246,762 inhabitants (121,535 men and 125,227 women). Of these, 241,138 (97.7%) lived in urban areas and 5,624 (2.3%) in rural areas . The population grew by 29.3% (55,905 persons) between

1725-700: The Santiago Stock Exchange to ease trade. Axxion shares more than tripled before falling 39% on Friday, 22 January. Bachelet's Finance Minister Andrés Velasco urged Piñera to get the sale "sorted out quickly." The value of Piñera's interest in Axxion was estimated at US$ 700 million, of his US$ 1.2 billion fortune at the beginning of that week. On 5 February, Piñera confirmed plans to sell his 26.3% stake in LAN airlines at an extraordinary shareholders' meeting for his main holding company, Axxion. Under

1800-505: The electoral divisions of Chile , San Bernardo is represented in the Chamber of Deputies by Ramón Farías (PPD) and José Antonio Kast (UDI) as part of the 30th electoral district, (together with Buin , Paine and Calera de Tango ). The commune is represented in the Senate by Guido Girardi Lavín (PPD) and Andrés Allamand (RN) as part of the 7th senatorial constituency (Santiago-West). At

1875-454: The rescue of 33 trapped miners , all of whom were rescued after 70 days following a mining accident . " Chile will never be the same ", he said to the miners' foreman, Luis Urzúa, as he (the last of the miners to emerge from the cavern) greeted Piñera, in a broadcast carried live across the globe. Despite much goodwill in Chile following this incident, he faced continuing opposition from Chileans calling for amendments to anti-terrorism laws on

1950-469: The rescue of 33 trapped miners in 2010 , a rapid response to the COVID-19 pandemic , and the legalization of same-sex marriage in Chile in 2021–2022. His administrations also faced the two largest protests movements since the return of democracy in 1990; the 2011 student protests and the more massive and violent 2019–2020 protests . After leaving office in 2022 Piñera developed amicable relations with

2025-408: The 1992 and 2002 censuses. As a commune , San Bernardo is a third-level administrative division of Chile administered by a municipal council , headed by an alcalde who is directly elected every four years. The 2016-2020 alcalde is Nora Cuevas Contreras ( UDI ). The council has the following members: The regional intendant , appointed by the president , is Claudio Orrego Vicuña. Within

2100-594: The Chilean government reached an agreement with RENFE , in order to buy 16 UT-440 trains. The purchase was completed in 2001, with 4 of the units destined to the Valparaíso Metro , and the remaining 12 to the Metrotren line. On December 28, 2000, the service was extended from Rancagua to San Fernando, and on June 27, 2002, a new station was added near the Buin Zoo. In 2006, given the crisis inside EFE after

2175-493: The Chispas Case, on which a fraudulent buyout of the chilean electrical company Enersis netted its participants over $ 400 million. All involved were convicted, resulting in a $ 75 million fine. Between 1992 and 2004 Sebastian Piñera engaged in tax evasion through the use of shell companies, for which he was never formally charged. Due to Pandora Papers leaks, he was formally charged for tax-evasion and bribery due to selling

2250-545: The Enterprising Women Foundation ( Fundación Mujer Emprende ), originally called The House of Youth ( La Casa de la Juventud ). The foundation aims to assist in the development of young women of lower income. In 1973, Piñera created the foundation Fundación Futuro , of which he was president and whose directors are Cristián Boza D., María Teresa Chadwick P., Hugo Montes B., Cecilia Morel M., Renato Poblete S.J., and Fabio Valdés C. The head director of

2325-488: The authorities for ritualistic and occupation rights in the area. Sebasti%C3%A1n Pi%C3%B1era Miguel Juan Sebastián Piñera Echenique ( Spanish: [miˈɣel ˈxwan seβasˈtjam piˈɲeɾa etʃeˈnike] ; 1 December 1949 – 6 February 2024) was a Chilean businessman and politician who served as president of Chile from 2010 to 2014 and again from 2018 to 2022. The son of a Christian Democratic politician and diplomat, he studied business administration at

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2400-501: The authorities of San Fernando itself had continuously demanded to the central government to restart services, specially after the effects of the COVID-19 pandemic , which represented a hard hit to the tourism sector of the zone. The government promised the restoration of rail services in the second half of 2021. In 2021, all EFE services, with the sole exception of the Biotren, were rebranded to give generic and separated denomination to

2475-695: The automatic registration, voluntary voting and primary laws, the law for the direct election of regional councilors, the elimination of the 7% contribution charge for retirees, the creation of the Ethical Family Income, the Luchsinger-Mackay case, the student protests of 2011, in addition to protests in the Chilean Patagonia. He helped to create the Pacific Alliance , started recognizing the State of Palestine , participated in

2550-735: The closure of the Cordillera prison and the installation in the political discourse of the concept of "passive accomplices" from the Pinochet Government, the reception of the decision of the International Court of Justice in The Hague on the maritime delimitation between Chile and Peru in 2014, the six-month postnatal law, the sending of the Civil Union Agreement law, the creation of Chile Atiende,

2625-437: The commuter rail services with the public transport of Santiago, facilitating the transfer to and from buses and Metro system with the integrated fare that existed within the latter two since 2007. In 2016, after 4 years of construction, the service between Santiago and Nos was completed. The project added two, brand new lines for exclusive use of the service, renovations in electrification, infrastructure, and rolling stock, with

2700-484: The costs of the new rolling stock, and the service restarted in 2017 as it was before the renovations. Also, given the low profitability of services to San Fernando and the renovation work, the Metrotren stopped all frequencies to the town in 2013, letting the station only served by the Santiago-Chillan service with 2 frequencies every day. The local authorities of the towns between Rancagua and San Fernando, and

2775-663: The country. The first lady, Cecilia Morel , was in charge of the Elige Vivir Sano program, and the Ministry of Sports and the Ministry of Social Development were created during the administration. The composition of his government was marked by the presence of former officials of the Pinochet dictatorship . For example, the head of the cabinet of the Undersecretary of Defence, Major Mario Larenas Gutiérrez,

2850-577: The country. The festival consists performances of traditional and folkloric Chilean music, dance, and singing, as well as competitions held at school, corporate, and community levels. It also features participants from other countries who are invited to showcase their respective folkloric traditions. An additional part of the festivals is the "Feria de Artesanía Tradicional" (English: Traditional Crafts Fair"), which centres around showcasing and promoting traditional artisanal gastronomy, arts and crafts from Chile and other Latin American cultures. Abril Cuecas Mil

2925-505: The day (e.g., salon, campesina, etc.) and more risqué styles during the night (e.g., porteña, brava, etc.). The Chena hills, located in the basin of San Bernardo, are home to an Incan sacred site known as the Huaca of Chena or Chena's Pucará. Initially thought to be a fortress, the structure in the southern tip of the Chena hills has been denominated as a huaca (Quechuan Wak'a) a sacred place,

3000-516: The first billionaire to be sworn into the Chilean Presidency. He offered to sell his shares in major corporations before being sworn in on 11 March 2010, to avoid conflicts of interest . Piñera placed US$ 400 million in blind trusts . The Monday following Piñera's election, expectations of sale from his largest holdings created a surge in trade of Axxion and LAN shares, causing three brief suspensions (19–20, 22 January 2010) in

3075-502: The first elected right-wing leader in 52 years. On 28 January, Piñera suspended his membership in National Renewal party and unofficially became an independent . RN's bylaws require successful presidential candidates from the party to renounce their association to govern the country fairly, foremost with the interest of the people, not with the interest of a political party or particular political philosophy. Piñera became

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3150-536: The foundation is Magdalena Piñera. The foundation's mission is to help in Chile's development of justice, freedom, and democracy. The foundation was renamed Fundación Cultura y Sociedad after Piñera was elected president. Under the Fundación Cultura y Sociedad (formerly Fundación Futuro ), the Grupo Tantauco has the mission of environmentalism, and is administered by Juan Carlos Urquidi. It

3225-542: The foundation's president at any given time. Cristián Patricio Larroulet Vignau , current Minister of the Secretariat of the Presidency of Chile, stated that Piñera was honoring his promise of removing himself from private corporations, as Chilevision will become the property of a non-profit organization. MP Cristián Monckeberg ( RN ), stated there was no law obligating Piñera to do otherwise and thus this decision

3300-584: The grounds that Mapuche Indigenists could be treated as terrorists. This matter led to hunger strikes which started before the mining disaster, and were set to continue afterward. The Araucanía Region suffers from constant burnings of trucks and private infrastructure by some radical groups. In January 2011 he faced protests in Magallanes Region in response to a proposed increase in the price of natural gas there by 16.8%. The protests left more than two thousand cars isolated while trying to cross from

3375-584: The integration of the Santiago-Nos service to the Metropolitan Movility Network , introducing the railway services into Santiago's integrated public transport fares. The integration was responsible for a large increase in annual ridership, and growing demand from the public for more rail services. Since 2019, the government has announced the construction of two brand new commuter lines from Santiago, with services to Melipilla , in

3450-521: The interest of the Chilean people, and called for Chile's withdrawal from The Hague. Following the adverse ruling against Chile in 2014, several political figures in Chile, from a variety of political parties, also called for Chile's withdrawal from The Hague that would, in addition, imply a withdrawal from the Pact of Bogota . According to Hermógenes Pérez de Arce Ibieta , President Piñera had pushed for Harold Mayne-Nicholls to be replaced as President of

3525-473: The islands ". In March 2012, Piñera visited Vietnam with the intention of increasing cooperation between the two countries in general and with Ho Chi Minh City , Vietnam's most populous and largest economic hub, in particular. HCM City also called for a Chilean sister city while receiving Piñera on 23 March. The visit included the signing of a bilateral trade agreement and several cooperation pacts in education, tourism, culture, and finance. President Piñera had

3600-471: The new left-wing president Gabriel Boric , who had previously been a harsh critic of him. Piñera died in a helicopter crash on Lake Ranco on 6 February 2024 at age 74. Piñera's supporters form a cross-party centre-right and right-wing faction called Piñerism. Piñera was born in Santiago de Chile on 1 December 1949, as the third child of José Piñera Carvallo (1917–1991) and Magdalena Echenique Rozas (1919–2000). Among his ancestors on his maternal side

3675-557: The pact, Axxion shareholders have agreed to fix the price of the sale, estimated at US$ 1.5  billion. The Cueto family, who at that point held 25.5% of LAN through their holding company Costa Verde Aeronáutica , had the first option to purchase the stake. On 18 February, Axxion posted a statement on their website confirming the sale of a 21.18% stake in LAN Airlines to the Cueto family for US$ 1.23 billion. Announcement regarding

3750-410: The presidency in the 2005 election , which he lost to Michelle Bachelet , and again, successfully, in 2010 . As a result, he became Chile's first conservative president to be democratically elected since 1958, and the first to hold the office since the departure of Augusto Pinochet in 1990. The legacy of Piñera's two administrations include the reconstruction following the 2010 Chile earthquake ,

3825-526: The public and is an ecotourist location. Piñera bought the 118,000 hectares in Chiloé through an offshore company in Panama. He faced pressure to cede eight hectares to sixteen indigenous families whose presence pre-dates Piñera's purchase and who have spent years negotiating to obtain title to their familial lands. An additional project, Grupo Tantauco: Derechos Humanos , was proposed in hopes of beginning

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3900-444: The public ownership of educational establishments. During August 2011, Piñera's public approval declined precipitously amidst continuous protests, to the extent that some polls indicated that he was the least popular Chilean leader since Augusto Pinochet. His approval ratings dropped to as low as 22% according to a CERC survey. As such, Piñera's chances of passing sought reforms were seen as remote. In March 2011, President Piñera led

3975-424: The resignation of Ricardo Raineri as Energy Minister. Laurence Golborne became Mining and Energy Minister, on 16 January. Amidst the severe 2011 Chilean student protests Piñera shuffled his cabinet and removed Joaquín Lavín from the post of minister of education. With respect to the protest, Piñera defended for-profit activity in education and proposed to legalize it, rejecting the students' demands for

4050-615: The restrictions of their competitors. Piñera was sworn in as the 34th President of the Republic of Chile on 11 March 2010, in a ceremony held in a plenary session of the National Congress in Valparaíso . In the same ceremony, Piñera's Cabinet ministers were sworn in. The ceremony was also marked by a 6.9 M w earthquake and subsequent aftershocks that upset the invitees. Among the milestones of his first government

4125-582: The results with 44.05% of the votes, while Frei placed second with 29.6%. Neither candidate received more than half of the total votes; therefore, as per the Constitution , Chileans returned to the polls for a final run-off election on Sunday, 17 January 2010. That evening, the third and final preliminary results were announced by the Undersecretary of the Interior , accounting for 99.77% of

4200-436: The sale of the remaining shares was pending until March 2010, when the whole package left Piñera's hands. Piñera sold his 9.7% stake in the upscale private hospital Clinica Las Condes at a price of 25,113 CLP per share (US$ 48.00) through his holding company Bancard on Tuesday, 16 February. The total sale of the 792,000 shares grossed US$ 37.85 million and was purchased by the brokerage firm Celfin . The proceeds from

4275-533: The sale will go to paying off Bancard debt. Piñera announced in February he had the intention to transfer 100% of his stake in Chilevisión to a not-for-profit organization called Fundación Cultura y Sociedad (formerly Fundación Futuro ), of which he was owner. The foundation's board will include some of the station's current executives. Under that proposal, Piñera maintains the right to remove and replace

4350-420: The services were again changed in painting and seat configuration. During that year, the first administration of Michelle Bachelet left planned an express service to Rancagua, in order to reduce travel time to 55 minutes. The project was taken by the first administration of Sebastián Piñera in their public transport master plan towards 2025, and it was decided to add another express service to Nos, integrating

4425-617: The services. This led to the end of the Metrotren brand after almost 31 years. The services are branded now as the Santiago-Rancagua line, and the Santiago-Nos line. San Bernardo (Chile) San Bernardo ( Spanish pronunciation: [sam beɾˈnaɾðo] ) is a city of Chile , part of the Greater Santiago conurbation. Administratively, it is a commune and the capital of the Maipo Province in

4500-445: The south-west, and the recovery and restoration of the line to Batuco , in the north. Both of them will be partially integrated to the city's public transport fare. In 2021, EFE decided to eliminate the brand Metrotren, and establish the services as separate brands, still fully operated by the company. The first precedents of a commuter rail service in Chile are from 1965, during the administration of Eduardo Frei Montalva, in which it

4575-442: The state was having during those years . After the fall of the military dictatorship, and with the return of democratic rule in 1990, pollution in Santiago became a health priority issue for the new authorities. In May 24, regional authorities declared a 4-digit no-drive days. In order to avoid collapse in the public transport, the government decided to create an improvised commuter rail service to connect Santiago with Talagante in

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4650-403: The summer solstice (21 December). Currently, the commune of San Bernardo lacks the resources to establish proper administration, maintenance, or security of the area, and Chena's Pucará faces physical abandonment, neglect and banalisation, including dismantling of walls and defecation on the altar. However, in recent years Quechuan and Aymará populations have become interested in negotiating with

4725-436: The total ballot boxes. Piñera received 51.61% of the votes and Frei received 48.39%. Piñera invested an estimated US$ 13.6 million in his presidential campaign, which included items such as a campaign anthem and " Thank You " banners. Piñera's banners and billboards carried statements throughout the country such as " Delinquents, your party is over ," and " Small businesses, Big opportunities ". Piñera's campaign released

4800-490: The tunneling of every level crossing and station mezzanines, and the purchase of new X'Trapolis Modular trains, based in the Civia train, to Alstom . The services reduced the time of travel to Nos to less than 40 minutes. In 2017, the service formally started and it was definitely integrated to the Santiago public transport system. During this time, it was decided to scrap the plans for an express service to Rancagua because of

4875-460: The west, and Rancagua in the south. The service was a success and it was decided to test the capabilities during the following week. Given the success of the service between Santiago and Rancagua, it was formally established in October 25, suspending all services to Talagante because of low demand. One year later, on May 11, 1991, a service to Til Til and Batuco, both towns in the north of Santiago,

4950-612: Was accused by the communist deputy Hugo Gutiérrez of having participated in the Caravan of Death following the 1973 coup . The same deputy recalled the past of the general appointed by Piñera as director of the Gendarmerie , Iván Andrusco, who had worked at DICOMCAR, a repressive body dissolved following the Caso Degollados (1985), and who had been forced to resign. On 12 October 2010, Piñera rallied his countrymen in

5025-399: Was created to support the proposals Piñera instituted or planned to institute during his presidency. In 2005, Piñera created Tantauco Park (Spanish: Parque Tantauco ), a 1,180 km2 (456 sq mi) a private natural reserve he bought and owned on the south end of Chiloé Island , in order to protect 118,000 hectares of the region's unique ecosystem . His foundation runs the park, which is open to

5100-431: Was created using the old line between Santiago and Valparaíso, yet the service was also suspended because of low demand. The rolling stock consisted in three reconditioned AEL ( Automotor Eléctrico Local , Local Electrical Motorcar) made by Kawasaki Heavy Industries and Hitachi , and exported by Nissho Iwai in 1973, in order to serve the lines between Santiago and Valparaíso , and between Santiago and Talca . In 1997,

5175-616: Was fined approximately US$ 680,000 by Chile's securities regulator (SVS) for not withdrawing a purchase order after receiving privileged information (an infraction similar to insider trading ) of LAN Airlines stock in mid-2006. Later that month, he resigned from the boards of LAN and Quintec . To avoid a conflict of interest, he sold Chilevisión for $ 160 million in 2010 to Time Warner . He also sold his shares of LAN in several rounds between February and March 2010. Piñera built an estimated fortune of US$ 2.8 billion as of February 2018 , according to Forbes magazine. His wealth

5250-509: Was greatly due to his involvement in introducing credit cards to Chile in the late 1970s and his subsequent investments, mainly in LAN Airlines stock. Piñera acquired shares of the formerly state-owned company from Scandinavian Airlines in 1994, as part of a joint venture with the Cueto family. In 1988, after Pinochet had lost the referendum on his continued rule and Chile was returning to democracy , Piñera offered his support for

5325-455: Was implemented a service called "Trenes populares" ( People's trains ), which circulated from Alameda towards Lo Espejo and San Bernardo in the south, and Mapocho in the north. The stations weren't established as such, and it had more resemblance to a bus stop. The services were eliminated in 1979 by the military dictatorship of Augusto Pinochet , because of low profitability and the economical and administrative reformulation process that

5400-746: Was legally legitimate. The option above did not take place in the end; Piñera decided to sell the TV station, and after a failed attempt in May 2010 with the Linzor Capital investment fund, the President announced it had sold Chilevisión to Time Warner , in late August 2010. Piñera said he would not sell his 12.5% stake in Blanco y Negro , a company that owns the Colo-Colo soccer team. He stated: "We want big things and not only achieve local victories. The idea

5475-603: Was never paid. Piñera spent 24 days in hiding while his brother, José Piñera , appealed the order, making some calls to underestimate the crime. A writ of habeas corpus , first rejected by the Appeals Court but then approved by the Supreme Court , acquitted Piñera. According to the Pandora Papers, Sebastián Piñera's case was throw out due to political intervention. Sebastián Piñera was also involved in

5550-660: Was the Chilean ambassador to the United Nations . Piñera returned to Chile in 1955 and enrolled in the Colegio del Verbo Divino ("Divine Word School"), from which he graduated in 1967. Piñera then enrolled at the Pontifical Catholic University of Chile , from which he graduated in 1971 with an undergraduate degree in commercial engineering. Upon graduation, he was awarded the Raúl Iver Oxley Prize, which

5625-654: Was the rescue of the San José mine in 2010, a year in which Chile lived the Bicentennial , in addition to the earthquake of February 27 and the subsequent reconstruction of the country after it. The national soccer team participated in the 2010 FIFA World Cup in South Africa, the approval of a tax reform for education (increasing taxes), the Zamudio law (a law against discrimination in favor of sexual minorities),

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