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Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 Google to produce, sell own "Nexus One" phones: report 12 Dec 2009 Houston elects openly gay mayor 12:30am EST "Dead" man wakes up under autopsy knife 17 Sep 2007 Woods wins UK court ban against nude, sex photos 11 Dec 2009 Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 Woods wins UK court ban against nude, sex photos 11 Dec 2009 Republic Airways eyeing Bombardier C-Series planes 10 Dec 2009 Boeing tanker ally eyes $5 mln per plane Airbus duty 18 Nov 2009 Singer Sinead O'Connor demands Pope steps down 11 Dec 2009 Billionaire favored in Chile vote but run-off seen Alonso Soto SANTIAGO Sun Dec 13, 2009 1:12am EST Related News UPDATE 6-Workers end Codelco's Chuqui mine blockade Wed, Dec 9 2009 FACTBOX-Policies of Chile's main presidential candidates Wed, Dec 9 2009 PREVIEW-Chile right seen ousting left in first since Pinochet Wed, Dec 9 2009 Ex-president murder probe shakes Chile Mon, Dec 7 2009 FACTBOX-Mining policies of top Chile presidential candidates Mon, Dec 7 2009 SANTIAGO (Reuters) - A conservative billionaire is the front-runner in Chile's presidential election Sunday but is seen needing a run-off to break two decades of center-left rule since the end of Augusto Pinochet's dictatorship. World Center-right businessman Sebastian Pinera, who has vowed to build on prudent fiscal policies that have made Chile the world's No. 1 copper producer and a regional model of stability, leads by a least 10 points in opinion polls before the first presidential vote since Pinochet died in 2006. But he is expected to fall short of the outright majority needed for election, setting up a January 17 run-off against Eduardo Frei, a former president from the splintered ruling coalition who is running second. Polls show Pinera winning a runoff by at least 6 points. It would be the first presidential election victory for the Chilean right in half a century, and a rare win in a region dominated by leftist governments. But few see major macroeconomic and political policy changes whoever prevails. Pinera's support has grown thanks partly to widespread disillusionment among voters who feel the center-left bloc has failed to better distribute billions of dollars in copper earnings via social programs. "No apologies, much less last-minute ones, can fool or confuse Chileans, who know deep down in their hearts the Concertacion (ruling coalition) has worn out," Pinera told thousands of supporters at his closing rally Thursday. Pinera, 60, who made his fortune introducing credit cards to Chile and owns more than 25 percent of regional airline LAN, plans to use corporate tax breaks and job subsidies to lure investment and reinvigorate growth. A Pinera win is seen giving Chile's stock market a boost. VOWS BUSINESS APPROACH TO GOVERNMENT Pinera, the runner-up in the 2005 presidential election, wants to take a business approach to government and overhaul state copper miner Codelco, the world's largest, to boost an economy clawing out of its first recession in a decade because of the global economic slowdown. Critics say the Harvard-trained economist would govern like a greedy businessman in a nation still split by the legacy of Pinochet's 1973-1990 iron-fisted rule from which Pinera has long sought to distance himself. Some of his advisers worked under the dictatorship. Pinochet overthrew elected socialist President Salvador Allende in a bloody coup and more than 3,000 people were killed or "disappeared" during his 17-year rule. The youngest voters in Sunday's election were born after Pinochet stepped down and have grown up in a democracy without the shadow of the dictatorship influencing their votes as strongly as it has older Chileans. Voters will also choose members of the two-chamber Congress that is likely to stay divided, analysts say. That will force whoever wins to negotiate with rivals to legislate in the country of 16 million that stretches from an arid desert in the north to icy fjords in the far south. President Michelle Bachelet, constitutionally barred from a second straight four-year term, has been unable to transfer her 77 percent approval rating to Frei, a civil engineer whose 1994-2000 administration was overshadowed by the Asian financial crisis and soaring unemployment. Frei is running on a pledge of continuity and some of his campaign posters have featured Bachelet prominently. He sees the state as having a bigger role in the economy. "Not only are we the rightful heirs of President Michelle Bachelet's government, but we will continue with her policies," Frei said during the final days of his campaign. Thursday, he accepted a proposal by the fourth-place leftist candidate to form a pact to try to block Pinera's second-round victory. But opposition to the proposed alliance by independent candidate Marco Enriquez-Ominami, who left the coalition and divided the left, could hurt Frei's chances. (Editing by Simon Gardner and Peter Cooney) World Add a Comment More from Reuters Goldman Sachs played bigger role in AIG trades: report CHICAGO (Reuters) - Goldman Sachs Group Inc played a bigger role in fueling the mortgage bets that crippled American Insurance Group Inc than has been publicly disclosed, the Wall Street Journal reported on Saturday. 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Full Article Close quarters with a cannibal Being a bird Pictures © Copyright 2009 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts.com Buyouts Europe: Buyouts Conferences: Venture Capital Journal ECVJ International Financing Review International Securitisation Report Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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