Business
Chileans Reject Second Proposed New Constitution in Referendum
Chileans have rejected the second proposal for a new constitution in as many years. The country’s main right-wing party, which had helped draft the current proposal, conceded defeat on Sunday. Carolina Gonzalez reports on Bloomberg Television.
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Highlights from Bloomberg TV as contributors shed light on how rising energy prices are driving bond yields higher across markets and traders reposition in anticipation of further challenges. Meanwhile, the yield on 30-year US government bonds have climbed back to levels seen just before Treasury Secretary Scott Bessent expanded a buyback program to contain long-term borrowing costs.
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Volkswagen’s supervisory board backed a restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint. The new staff cuts represent about 8% of VW’s global workforce as of the end of last year. Bloomberg’s Danny Lee reports.
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As Big Tech surges toward trillions of dollars of planned AI spend, a key cog in credit markets is showing signs of pressure. Bloomberg’s Tom Mackenzie explains.
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David Bianco of DWS says long-term Treasury yields and real rates have climbed to some of their highest levels in nearly 25 years, but he argues inflation is not the main driver. The bigger issues are structural: US deficits above 6% of GDP, a rising total debt-to-GDP ratio, and the need to fund more borrowing domestically as foreign demand becomes less reliable. The US still benefits from the dollar’s safe-haven status, but Robin Brooks of the Brookings Institution and former Dutch Finance Minister Sigrid Kaag warn that America’s fiscal path remains dangerous even if its “exorbitant privilege” gives policymakers more time before markets force discipline.
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@PresidentBismarck
December 24, 2023 at 12:54 am
Augusto Pinochet: 🗿
Any socialist Chilean president: 💀
Nobody asked for that constitution
@inglesparaavanzar7409
December 24, 2023 at 12:54 am
Tell the truth. Greetings from Chile.
@pawgconoseur705
December 24, 2023 at 12:54 am
Lmao… the Chilean public told the politicians to suck it !!! The constitution isn't the problem… the politicians ARE the problem !!!
@marrana261
December 24, 2023 at 12:54 am
This is a lie. Nobody was asking for a new constitution. That's why they keep losing.
@jeanclaudejunior
December 24, 2023 at 12:54 am
Good
@xxxmadtitanxxx432
December 24, 2023 at 12:54 am
People on the internet these days will fight for anything… then research after 😂😂😂
@donarrivas1675
December 24, 2023 at 12:54 am
Chile is a country which is worth of visiting… Besides its natural beauties with endless deserts, its foods are quite enjoyable. The country has a slim body of land to easily visit its
pancho and beef neighboring country Argentina. People are friendly and cheerful. Many chefs prepare some greate seafood dishes… And quite reasonable prices.
@Notarys
December 24, 2023 at 12:54 am
The legacy of Pinochet continues. Sad. Colonial mindset continues.
@Dinngg0
December 24, 2023 at 12:54 am
Anyone know any Founding Fathers? Chile could use a few.
@lewisdoherty7621
December 24, 2023 at 12:54 am
I watched this expecting there would be a brief description by the presenters as to what changes and why, and they failed to do that.
@saper321
December 24, 2023 at 12:54 am
Is CIA involved? Are they trying another color revolution in Chile this time?
@JewelblesSparkle
December 24, 2023 at 12:54 am
1:19 BROWN CLOUDS…
@mrvwbug4423
December 24, 2023 at 12:54 am
Boric needs a legislature that isn't dead set on opposing everything he wants to do, this creates a case for his party doing better in the next legislative election, then they can try again with a constitution that might be more inline with the changes that were demanded by the 2019 protest movement.
@frankysiguenza3237
December 24, 2023 at 12:54 am
seems to me that Boric is done
@yo2trader539
December 24, 2023 at 12:54 am
I hear this is argument in Latin America countries, but why is a new constitution required to address socio-economic inequality?
@Theonegov
December 24, 2023 at 12:54 am
The first government to address the Neuro-Rights of Humans. The privacy of our thoughts and thinking.
@elitefataja248
December 24, 2023 at 12:54 am
atp as a chilean there is no need of changing the constitution
@justintime41776
December 24, 2023 at 12:54 am
Put right to bear arms in there. Then say absolutely positively cannot be changed ever, never ever even if a party of communists calling themselves democrats or something say it's for hunting.
@harshitgarg419
December 24, 2023 at 12:54 am
people saying congrats are congratulating a dictator constitution!!
@tboltaq2
December 24, 2023 at 12:54 am
Good for them rejecting something that's probably too complicated and too leftist and that will not serve them well.
@CommaderJohn
December 24, 2023 at 12:54 am
Good job 👏 don’t let the constitution change.
@McKinleyPark
December 24, 2023 at 12:54 am
Is it just me or this report glanced over some key facts… ? like how right wing factions took over the process to negate the efforts of those early protesters. Feels like some privatization dreams in USA were being experimented here.
@BSJinx
December 24, 2023 at 12:54 am
So now the left wing has failed and the right wing has failed. Will sanity prevail for once?
@johnhonker437
December 24, 2023 at 12:54 am
Imagine being able to just change your Constitution everytime some leftist gets into power… Thank GOD that our Founding Fathers made that so hard to do.
@rk41gator
December 24, 2023 at 12:54 am
Based upon our MAGA conservative's irrational mindset, I would not want any right-wing generated Constitution crammed down my throat. Cheers to Chile for rejecting it.
@dadanifit
December 24, 2023 at 12:54 am
Congrats to Chilean people.
@botungkiggung
December 24, 2023 at 12:54 am
good for them. Honestly, just bring back the '25 constitution…its really that simple
@doge7533
December 24, 2023 at 12:54 am
First 🤓