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Michelle Bachelet Elected Chile President

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Presidential candidate and former President Michelle Bachelet holds up her vote before casting it during presidential elections in Santiago, Chile, Sunday, Dec. 15, 2013. Bachelet is widely expected to return to Chile's presidency by beating conservative rival Evelyn Matthei in Sunday's runoff vote. (AP Photo/Jorge Saenz) | ASSOCIATED PRESS

SANTIAGO, Chile (AP) — Chile's once and future President Michelle Bachelet has won a runoff election after promising profound changes in society in response to widespread street protests.

With more than 57 percent of the votes counted, Bachelet has an unbeatable 63 percent to 37 percent for the center-right's Evelyn Matthei.

Matthei spokeswoman Lily Perez conceded defeat.

A moderate socialist, Bachelet served as president in 2006-2010, then ran the United Nation's women's agency.

Now she has a new center-left coalition and promises to finance education with higher corporate taxes, reduce the wealth gap, protect the environment and reform the constitution.

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