SW China Landslide kills seven, injures seven

www.chinaview.cn 2008-03-24 19:15:14 CHENGDU, March 24 (Xinhua) -- Seven people were killed and another seven were injured in a landslide on Saturday morning in southwest China's Sichuan Province. The accident occurred in the early hours of Saturday, in Maoling village of Wenchuan County, leaving seven dead, seven injured and one missing. The landslide also caused more than 5 million yuan (about 660,000 US dollars) of economic losses, with 700-meter-long road, 1,000-meter-long water pipeline, 1,000-meter-long electricity line, and 150-square-meter shed destroyed. Preliminary investigations showed that the accident was a naturally induced mountain landslide, with the 2,900-meter-high mountain steep slope rock rupturing, leading to the landslide. Read more

World powers aim to stave off economic peril

WASHINGTON - Finance officials from the world's top economic powers endorsed a plan Friday aimed at preventing another financial crisis like the credit and mortgage debacles that erupted in the United States and quickly sent tremors around the globe. "Rapid implementation" of the plan "will not only enhance the resilience of the global financial system for the longer term but should help to support confidence and improve the functioning of the markets," the G7 officials said in a joint statement. Read more