Shadows of War

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WULUMUQI, NORTHWESTERN CHINA (World News Service) — Unofficial sources reported today that government forces had suppressed a riot near the town center, the third report of a disturbance in northwestern China over the past week.

While food riots have subsided with the selection of China’s new premier, Premier Cho Lai, Western analysts say Cho Lai faces a difficult task as China confronts devastating food shortages brought on by a third consecutive year of record drought. With food and other commodity prices soaring and the country already battered by the worldwide depression, an estimated forty percent of the Chinese male working-age population is out of work.

In Chinese-occupied Tibet, six persons were shot to death by soldiers during…

Housing Prices Hit New Record Low in U.S.

WASHINGTON, D.C. (AP-Fox News) — The FDIC today released a report showing that house prices in the U.S. had reached their lowest point in fifty years, when adjusted for inflation.

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