
Paraguayan President Nicanor Duarte and Mercosur ministers of Economy and Foreign Affairs decided Tuesday the creation of the Bank of the South, --an idea promoted by Venezuela—that should act as an alternative for world multilateral organizations such as the World Bank, IMF and the Inter American Development Bank.

The twenty-fifth anniversary of the landing of British Forces, at the start of the campaign to free the Falkland Islands from occupation by Argentine forces, was celebrated today, 21st May, at San Carlos.

Next June 14 two sets of stamps, aptly entitled Lest We Forget, will be officially released in coincidence with the 25th anniversary of the Falkland Islands Liberation Day, which marked the ousting of Argentine forces from the Islands and the end of the 1982 South Atlantic conflict.

Allegations that the British hero of the Battle for Goose Green in May 1982 , Colonel H. Jones, VC, acted foolishly and needlessly sacrificed his life have been renewed in a book marking the 25th anniversary of the Falkland Islands War.

Headlines:
David Pickup top legal job; Liberation Day shelter rises up on harbour front; New plans for ferry haven; Budget deliberations; Seven stand for tourism.

Santiago de Chile's skies remained grey and smoggy Monday and Tuesday, and with no end in sight, former President Ricardo Lagos blamed the city's contamination levels on Argentina's unwillingness to provide Chile with more natural gas.

The riverboat-style cruise ship Empress of the North that ran aground off the Alaska coast has finally reached Juneau Monday afternoon. She arrived with a US Coast Guard escort about ten hours after it became grounded early morning.

After months of build up, the wait is finally over. Environmental superstar Al Gore, a former U.S. senator and vice president, is finally visiting Chile — albeit for just a handful of hours.

Members from the Uruguayan opposition claim that Uruguay's participation in the Mercosur Parliament, inaugurated this Monday in Montevideo, is unconstitutional and are appealing before the Supreme Court.

Former United States President Bill Clinton announced on Tuesday agreements with drug companies to lower the price of so-called second-line AIDS drugs for 66 countries of the developing world and to make a once-a-day AIDS pill available for less than one dollar a day.