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Thu 03 Mar 2010Billionaire sworn in as Chilean president

Conservative billionaire Sebastian Pinera took office as Chile's new president today, tasked with rebuilding the country after one of the worst earthquakes ever recorded killed hundreds of people less than two weeks ago.

Chileans hope the Harvard-trained economist can use his renowned business skills to help one of Latin America's most stable economies rebound from the quake, which was followed by a tsunami that devastated coastal villages.

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