Berlin:
Chancellor Hermann Mueller and his cabinet prepare
a package of financial reforms to present to the Reichstag tomorrow that calls
for an “emergency program” of tax increases and increases in unemployment
insurance contributions, as well as an emergency loan to cover the government’s
spending needs. They reportedly will ask
for a vote of confidence, as indicated last week, at least partly in a bid to
try to force the measures through quickly, as word is already reaching Berlin
that American bankers are growing concerned about their loans to Germany.
China:
Communist rebel assaults on the capital,
Nanking, are said to be weakening, as the nationalist government calls up the
largest army it’s ever fielded to combat the rebels.
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