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AP/GOOGLE UPDATE/ At least three powerful aftershocks, in the magnitude 6.9-6.0 range, startled the 2,000 attending inaugural ceremonies as Sebastian Pinera was sworn in as Chile's president. Rancagua, a city 87 kilometers south of Santiago, was damaged. Pinera sent in troops to secure that city. Economists predict that Pinera's quake rebuilding policies will define his legacy. “We want to build a better country than we had before,” Pinera said. Economist Robert Barro says “The usual recovery from a major disaster is typically distributed over five or six years." Pinera's focus will be on housing, since 1.5 million homes in Chile were damaged, a third of which were destroyed. Pinera has already crafted an emergency bill creating subsidies and tax-deductible donations and providing one-time cash handouts of $76 each to 4.2 million survivors.11 March 2010
CHILE: 6.9 Aftershock Shakes Pinera Swearing-in.
AP/GOOGLE UPDATE/ At least three powerful aftershocks, in the magnitude 6.9-6.0 range, startled the 2,000 attending inaugural ceremonies as Sebastian Pinera was sworn in as Chile's president. Rancagua, a city 87 kilometers south of Santiago, was damaged. Pinera sent in troops to secure that city. Economists predict that Pinera's quake rebuilding policies will define his legacy. “We want to build a better country than we had before,” Pinera said. Economist Robert Barro says “The usual recovery from a major disaster is typically distributed over five or six years." Pinera's focus will be on housing, since 1.5 million homes in Chile were damaged, a third of which were destroyed. Pinera has already crafted an emergency bill creating subsidies and tax-deductible donations and providing one-time cash handouts of $76 each to 4.2 million survivors.