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I did set "News" as the home page. I notice, though, you have a "Home" button and a "News" button. Mine is different. I made "News" the home page and actually renamed it "Home". .
http://affiliatetechworld.com/modules/news/
On a side note, now I can't get it to change back to "News". So now its like I can only have a "Home" button and no "News" button.
I actually searched the database for the word "Home" and didn't find it. Its called "News" in xoops_modules.