Redmine

I keep seeing variables instead of their values after a redmine install. Example:

RSS access key created {{value}} ago (Reset)
Length between {{min}} and {{max}} characters.

..etc. I can't add new project or do anything with the application because of this. Please advise.

Centos 5.5, Rails 2.3.5, MySQL 5.0.77, Apache (using Passenger)

About script output
Ruby version 1.8.7 (i686-linux)
RubyGems version 1.3.7
Rack version 1.0 <- This is 1.0.1 according to "gem".
Rails version 2.3.5
Active Record version 2.3.5
Active Resource version 2.3.5
Action Mailer version 2.3.5
Active Support version 2.3.5
Edge Rails revision unknown
Application root /usr/local/redmine-0.9.6
Environment production
Database adapter mysql
Database schema version 20100221100219