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From NPR in Washington, Im Nancy Lyons.Investigators with the National Transportation Safty Board are in Reno Nevada today to look into yesterdays air show crash that killed 3 people including the pilot and injured more than 50. Mike Houghton is the president and CEO of the Reno Air Racing Association.There appear to be some airflight problems in the aircraft to cause it to go out of control, and we all know what the result was.The plane has been flown by a 74-year-old veteran Hollywood stunt pilot. Witnesses say the pilot pulled up in the last minute and avoid furthur injury with his final actions.General Motors in the United auto workers Union are finishing working on a 4-year-contract and without any strikes. The Union says the deal reached late last night includes improvement of profit sharing, promises of new jobs and better health care benefit. The proposals expected to serve as a model for contracts still being negociated with Chrysler and Ford.With his country at the center of the Euro Zone crisis, Greek Prime Minister George Papandreou has suddenly cancelled a planed visit to Washington and the UN General Assembly. NPRs Sylvia Poggioli reports from Athens local media is spectulating that Greeces EU partners doubt the Papandreous government can push through drastic fiscal reforms.A government spokeman says the Prime Minister wants to assure that all of Greeces commitments are fufilled. Greece media are speculating that EU Finance Ministers have expressed serious doubts about the debt-graven countrys ablility to meet international lenders demand for futher funding and that they may decided to hold back the 6th instalment 6 million of the 110 million euro bailout agreed to last year. The fund has been expected by the end of Semptember. Greek has fallen back on meeting fiscal goals this year due to a much deeper-than-projected recession caused by * austerity meassures. This forces the government to futher anger public opinion by slapping en emergency levy on property to make up for the shortfall. Sylvia Poggioli, NPR news, Athens.International efforts are moving forward on trying to seal the freedom for bail deal for 2 Americans held in Iran. The 2 men are convicted of spying and Iran says they will allow their release in exchange of a million dollars. The bail arrangement is still under review by Irans powerful Judiciary Mediators from Iraq and Oman are urging Iran to release the men on humanitarian grounds.Rebel fighters in Lybia with help from Nato are still trying to take control of Muammar Gadhafis hometown Sirte. They are engaged in street to street battles with Gadhafis loyalists trying to topple the old regime stronghold. Rebel forces are refocusing their efforts in Bani Walid where loyalist snipers and gunners beat them back holding a high ground. The stout resistence is stalling Libyas move to a new government. This is NPR.The maker of the blackberry smartphone is again taking a beating from investors. As Dan Karpenchuk reports Canadas Research In Motion lost 20% of its stock value after 2nd quater profits drop.Those profits plunged 56% to 360 million dollars far below satisfactations, mainly over the disappointing sales of its blackberry smartphones and its playbook tablet. Research In Motion also said profits were affected the 120 million dollars that it had paid to cover the cost of cutting 2000 jobs. The coCEO Jim Balsillie says the numbers dont truely reflect the companys sale scince the new smartphones were only on the market for a couple of weeks before the 2nd quater ended. But some oberservers say RIM just hasnt been able to compete with Apples popular iphone and ipad and has to learn how to anticipate the market and repond to customers need. Analysts remain worried about its aging line of products, too few job cutsthe fact, and that its losing market share faster than expected. For NPR news, Im Dan Karpenchuk, in Toronto.President Obama is keeping up the pressure on Congress to quickly pass his $447 billion jobs package. In his weekly adress today, he said its whats needed to boost economy.It will create new jobs. It will cut taxes for every worker and samll businesses in the country. And it will not add to the defict. It will be paid for.For the republicans, congressman Peter Roskam from Illinois says the way to inrease jobs is to eliminate all the bureaucratic red tape. Job creaters should be albe to focus on their work, not on Washingtons busy work.Roskam says the Senate needs to improve the House of Republican initiatives including legislation what would give Congress veto power over certain high-cost regulations.Im Nancy Lyons, NPR news.From NPR in Washington, Im Nancy Lyons.Investigators with the National Transportation Safty Board are in Reno Nevada today to look into yesterdays air show crash that killed 3 people including the pilot and injured more than 50. Mike Houghton is the president and CEO of the Reno Air Racing Association.There appear to be some airflight problems in the aircraft to cause it to go out of control, and we all know what the result was.The plane has been flown by a 74-year-old veteran Hollywood stunt pilot. Witnesses say the pilot pulled up in the last minute and avoid furthur injury with his final actions.General Motors in the United auto workers Union are finishing working on a 4-year-contract and without any strikes. The Union says the deal reached late last night includes improvement of profit sharing, promises of new jobs and better health care benefit. The proposals expected to serve as a model for contracts still being negociated with Chrysler and Ford.With his country at the center of the Euro Zone crisis, Greek Prime Minister George Papandreou has suddenly cancelled a planed visit to Washington and the UN General Assembly. NPRs Sylvia Poggioli reports from Athens local media is spectulating that Greeces EU partners doubt the Papandreous government can push through drastic fiscal reforms.A government spokeman says the Prime Minister wants to assure that all of Greeces commitments are fufilled. Greece media are speculating that EU Finance Ministers have expressed serious doubts about the debt-graven countrys ablility to meet international lenders demand for futher funding and that they may decided to hold back the 6th instalment 6 million of the 110 million euro bailout agreed to last year. The fund has been expected by the end of Semptember. Greek has fallen back on meeting fiscal goals this year due to a much deeper-than-projected recession caused by * austerity meassures. This forces the government to futher anger public opinion by slapping en emergency levy on property to make up for the shortfall. Sylvia Poggioli, NPR news, Athens.International efforts are moving forward on trying to seal the freedom for bail deal for 2 Americans held in Iran. The 2 men are convicted of spying and Iran says they will allow their release in exchange of a million dollars. The bail arrangement is still under review by Irans powerful Judiciary Mediators from Iraq and Oman are urging Iran to release the men on humanitarian grounds.Rebel fighters in Lybia with help from Nato are still trying to take control of Muammar Gadhafis hometown Sirte. They are engaged in street to street battles with Gadhafis loyalists trying to topple the old regime stronghold. Rebel forces are refocusing their efforts in Bani Walid where loyalist snipers and gunners beat them back holding a high ground. The stout resistence is stalling Libyas move to a new government. This is NPR.The maker of the blackberry smartphone is again taking a beating from investors. As Dan Karpenchuk reports Canadas Research In Motion lost 20% of its stock value after 2nd quater profits drop.Those profits plunged 56% to 360 million dollars far below satisfactations, mainly over the disappointing sales of its blackberry smartphones and its playbook tablet. Research In Motion also said profits were affected the 120 million dollars that it had paid to cover the cost of cutting 2000 jobs. The coCEO Jim Balsillie says the numbers dont truely reflect the companys sale scince the new smartphones were only on the market for a couple of weeks before the 2nd quater ended. But some oberservers say RIM just hasnt been able to compete with Apples popular iphone and ipad and has to learn how to anticipate the market and repond to customers need. Analysts remain worried about its aging line of products, too few job cu
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