G. W. Bush Buys Retirement Home In Paraguay?!

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Late reporting this, but back in January, an arm of the US State dept. denied these rumors:
Alleged Bush ranch in Paraguay

In October 2006, newspapers in Paraguay, the Cuban news service Prensa Latina and others circulated allegations falsely claiming, variously, that:

* Former President George H.W. Bush owns 70,000 hectares (173,000 acres) in the Chaco region of Paraguay, or

* Current President George W. Bush owns 40,000 hectares (98,842 acres) in the same region, or

* Timothy Towell, former U.S. ambassador to Paraguay from 1988 to 1991, administers the 70,000 hectare ranch on behalf of former President Bush.

These supposed land acquisitions were often claimed to be associated with alleged U.S. designs on the Guarani aquifer or the Mariscal Estigarribia air base.

There is no truth to any of these allegations.

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