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Hostage Crisis At Russian Embassy
Shortly after
midday yesterday afternoon, a
young man took siege of the
Russian embassy in San José,
holding eight hostages,
including the Russian
ambassador, for more than fours
hours before surrendering,
without incident, to police.

The young gunman
who held
hostages in the
Russian embassy
for more than
fours hours is
seen being taken
away by Costa
Rican
authorities
after he
surrendered. The
hostage incident
is believed to
be over a debt
that was settled
at high noon on
the embassy
grounds. The
incident ended
peacefully and
without injury
to anyuone. |
ICE
Emergency Decree Illegal
The emergency
declaration announced by the
government to solve the energy
crisis at the Institución
Costarricense de Electricidad
(ICE), is illegal. At least that
is the legal opinion given to
the government and recognized by
the ministro de la Presidencia,
Rodrigo Arias.
Another Gas Hike Approved
Gasoline
prices are taking another jump next week, as the
Autoridad Reguladora de los Servicios Públicos (Aresep),
yesterday approved a request by the Refinadora
Costarricense de Petróleo (Recope), for a ¢16
colones hike in the price of a litre of super
gasoline and ¢15 colones for diesel.
Real Estate Investors Drawn to Unequivocal
Beauty in Costa Rica
Costa Rica's large protected area of national
parks and unequivocal beauty has helped spark
the interest of foreign investors in purchasing
Costa Rica land.
Banco Nacional Lowers Interest Rates
The Banco
Nacional de Costa Rica (BNCR) yesterday
announced that it has lowered its interest
rates, up to 4 percentage points in some cases,
in an effort to capture more business.

Ortega Refuses Trans-Oceanic Canal
Nicaraguan President Daniel Ortega warned that
building a transoceanic canal through Lake
Nicaragua "is not worth all the gold in the
world".
Panama Roars over Negroponte Visit
US Undersecretary of State, John Negroponte,
started a Panama visit amid protests, and tried
to focus on economic issues.
Salvadorans to March against Hunger
The World Food Program called for an
internationally supported March against Hunger
in El Salvador on May 13th.
Guatemalans Protest Bankruptcy
Hundreds of Guatemalans, who lost their savings
with the bankruptcy of Banco del Comercio (BANCOMER),
marched down the main capital avenues Friday to
demand a solution from the government.
Cuba Says Bush Time
Up
The Cuban government
denounced Friday the
links between the
Bush administration
and the anti-Cuban
terrorist Mafia in
Miami, "proved by
the freeing of Luis
Posada Carriles."

RELIGION-BRAZIL:
A New Saint to Help
Stem the Loss of
Adherents
"We have to say no
to the media that
ridicule the
sanctity of marriage
and virginity before
marriage," Pope
Benedict XVI said
Friday as he
canonized Friar
Antonio de Sant'Anna
Galvão, Brazil's
first native-born
saint, at an
open-air mass
attended by a huge
crowd in this
southern Brazilian
city.
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