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- China declassifies its rare diplomatic files from between 1956 and 1960, including records of the Sino-Soviet split. (Xinhua)
- The Federal Open Market Committee of the United States' central bank, the Federal Reserve, decides upon an increase in the federal funds rate by 25 basis points to 5.00%.(Fed)
- Soraya (born Soraya Raquel Lamilla Cuevas), a Colombian-American singer/songwriter, guitarist, arranger and record producer, lost her battle with cancer on May 10, 2006, at age 37
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