5 children found slain in Washington state, police say

Five children were found shot to death in a home near Tacoma, Washington, Saturday afternoon, police said. The payload of the rocket remains unclear. North Korea has said the rocket was to carry a satellite into space, but the United States, South Korea and other nations fear it could be a missile with a warhead attached

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Analysis: Amid pending launch, N. Korea only shows half its hand

The United States, Japan and South Korea can only wait and see what North Korea has up its sleeve. For almost a month, the reclusive country has been showing only a few of its cards to the world as it intends to — in its words — launch “an experimental communication satellite for peaceful purposes.” However, while the North Koreans are showing just a few cards, as is typical for them, there are no expectations they will show their whole hand — and many believe they are playing their own game

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N. Korea warns Japan against targeting rocket

North Korea says it will attack the Japanese military and "major targets," if Japan shoots down a rocket Pyongyang plans to launch in the coming days, North Korea’s state-run news service, KCNA, reported Thursday. “If Japan recklessly ‘intercepts’ [North Korea’s] satellite for peaceful purposes, the [Korean People’s Army] will mercilessly deal deadly blows not only at the already deployed intercepting means but at major targets,” KCNA reported. Japan recently mobilized its missile defense system in response to the planned North Korean launch, Japanese officials said

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Singapore sees India, China role growing

The current global economic downturn will change the worldwide power structure, giving China and India a stronger role to play in the future, Singapore’s foreign minister said Tuesday. “China and India will continue to grow and by the time this is all over, the global landscape will look quite different,” George Yeo told a group of visiting foreign journalists

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Asian economic outlook ‘bleak’ for 2009

Asia’s economic growth will tumble to the slowest pace since the 1997-1998 Asian financial crisis, the Asian Development Bank (ADB) said in a report released Tuesday. “The short term outlook for the region is bleak as the full impact of the severe recession in industrialized economies is transmitted to emerging markets,” said Jong-Wha Lee, acting chief economist for the ADB. The Asian Development Outlook 2009 forecasts that economic growth in developing Asia will slip to 3.4 percent in 2009, down from 6.3 percent last year and 9.5 percent in 2007.

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Financial crisis dominates G-20 agenda

This week’s London Summit brings together the leaders of the world’s 20 largest economic powers, known as the Group of 20, to discuss the global financial crisis and decide new measures to set the world on a more stable economic footing. British Prime Minister Gordon Brown, who hosts Thursday’s talks, has set a bold agenda for this year’s summit, calling on governments to sign up to a “global deal” to haul the world out of the crisis triggered by the collapse of the banking system.

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O’Hair leads Tiger by five at Bay Hill

Sean O’Hair will be paired with Tiger Woods in the final round of the Arnold Palmer Invitational at Bay Hill, but holding a five-shot lead over the defending champion and world number one. O’Hair, who also played with Woods on the final day of the tournament last season, carded a one-over 71 in gusting winds to be seven-under overall after three rounds. Woods matched him to be two-under and in serious contention for the first time since his comeback from knee surgery

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