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Bachelet Easily Wins Chilean Presidency

Chileans have handed moderate socialist former President Michelle Bachelet a new four-year term with a landslide victory in a runoff election.

Center-right opponent Evelyn Matthei conceded defeat after Sunday's results showed Ms. Bachelet received an unbeatable 62 percent of the vote. Matthei had 38 percent.

In the first round of voting last month, Ms. Bachelet, a 62-year-old pediatrician, won nearly twice as many votes as Matthei, a 60-year-old economist and former labor minister.

But Ms. Bachelet fell just short of the 50 percent needed to win outright, pushing the vote into a runoff.

Ms. Bachelet has promised to raise corporate taxes to pay for wide-ranging education reform, shred the dictatorship-era constitution and legalize abortion under certain circumstances.

She will take over in March from outgoing conservative President Sebastian Pinera.

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