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Stories for September 1st 2005

• Thursday, September 1st 2005 - 21:00 UTC

  US releases strategic oil reserves

  The United States government decided Wednesday to release oil from its strategic reserves in an attempt to offset production cuts caused by hurricane “Katrina” which has devastated several states in the Gulf of Mexico and panicked oil markets.

• Thursday, September 1st 2005 - 21:00 UTC

  US economy expands 3,3% in second quarter

  The US economy expanded 3,3% during the second quarter, a tenth less than expected reported Wednesday the US Commerce Department.

• Thursday, September 1st 2005 - 21:00 UTC

  Chile has the lowest unemployment in the region

  Chile is the South American country with the lowest unemployment rate while Colombia, Venezuela and Uruguay figure at the other end of the list according to a release from the United Nations Latinamerican Economic Commission, Cepal.

• Thursday, September 1st 2005 - 21:00 UTC

  Boarding tax in Chile increased to 30 dollars

  The Chilean government decided to increase the boarding tax by four US dollars from 26 to 30 dollars, which will become effective before the end of the year.

• Thursday, September 1st 2005 - 21:00 UTC

  Latinamerica lagging in infrastructure and competitiveness

  Latin American countries need to substantially boost their spending on infrastructure so the region does not lag behind China and other dynamic Asian economies. That's one of the central findings of a new World Bank report, titled Infrastructure in Latin America and the Caribbean: Recent Developments and Key Challenges.

• Thursday, September 1st 2005 - 21:00 UTC

  Bush: storm tragedy worse than 9/11

  US President George Bush has said that New Orleans suffered more damage than New York did in the September 11 attacks and promised a government recovery effort of unprecedented scale.

• Thursday, September 1st 2005 - 21:00 UTC

  Chilean says Falklands revelations won't hurt ties with Argentina

  Chilean Foreign Minister Ignacio Walker on Thursday downplayed the possibility that the recent statements of a retired general over the aid Santiago lent Britain in the 1982 Falklands War might hurt relations with Argentina.