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Commentary

A working model


Thirty years ago, a young Jose Pinera, who had earned a Ph.D. at Harvard, was Chile's labor minister. He saw the coming disaster in the government old-age pension system.

Oil reserve: Fill 'er up


Congress has backed up its threat to block the U.S. government from purchasing oil for the Strategic Petroleum Reserve (SPR). Both houses voted Tuesday to halt the practice, although the bill still requires reconciliation.

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