NPR 2012-07-10

 Republicans are firing back president Obama after he accused the GOP of holding middle link of Americans quoted hostage.He said the Bush air tax cut should be extended for everyone including wealthier Americans.They say failure to do so will sharply affect job growth.But president Obama argues that policy only work to making rich people richer and everyone else poor.He urged Congress to pass the one year tax cut extension for households that make less than $250,000.

 
Publican employees in S Pennsylvania are starting a new work week with their pay cut to minimum wage.NPR J W reports a cash flow crisis has left the city without enough money to pay full wages.On Friday,workers will see paychecks at $7.25 an hour.The mayor and city counselling g have fought for months of how to fill a 17 million dollar budget halt.They couldn't decide between plans to raise taxes or refinance debt in borrow money.Last week,the city said it was left with only about $5,000 in the bank and couldn't afford to pay full wages.The union's representing G workers want resolution soon.They threatened to take the city back to court for violating its labor 1 agreements. JB,NPR news.
 
Russian reportedly will not sign new weapons contracts with Syria until the security situation in the middle east country stablize.Whoever Russian's deputy military cheif tells local media that the Kremlin will on a current arrangement that includes help with repairs and spare parts for weapons Russian supplies Syria earlier this year. Syria has been embroiled 2 in uprising for more than a year.
 
The two son of the post Egyptian president Hosni Mubarak are on trial accused of illegally manipulating the stock market.K Adam reports from Caior that the men are being trial in the same court room where their father were sentenced to life in prison a little more than a month ago.A and G Mubarak are accused of raking in millions of dollars and profits for themselves and their cronies by manipulating the stock market ahead of the sale of the major Egyptian bank."Unfortunately, all of these are lies.None of these happened."A  Mubarak and his brother B are charged against them.A was a businessman who c save profit for his father's connections while many believed  Hosni Mubarak was grooming 3 his other son G for the presidency 4.Their corruption 5 trial is set to pick up again in early September. Until then the Mubarak  brothers have to stay in prison.For NPR news,I'm K Adam in Caior.
 
Meanwhile,political standoff is under way between Egypt high court and recently elected president.In a surprise,  Mohamed Mursi recalled the parliament which was dissolved by the high court last month.
 
DOW is down 53 points at last glance,this is NPR.
 
Singapore government says it will no longer apply a mandatory 6 death sentence for drug carriers and certain types of homicide.NPR Anthony Q reports from Singapore that the city state's rulers claim capital punishments has helped keep its crime rates lower than other cities.Deputy prime minister  Teo Chee Hean that told parliament that a mandatory death penalty should be applies in most drug crimes.But in cases where a drug carrier has not participated in any other phase of the drug distribution and where he or she has cooperated with authorities or is mentally disable.Then the courts have the discretion 7 to either sentence the person to death or to life in prison m with k,that is beating with xx.Last year,Singapore has 16 homicides in a population of about 5 million.Under the new law,the 35 convicts on Singapore death row can apply for re-sentencing.Anthony Q, NPR news Singapore.  
 
A recovery Africa continues in the water of the long island.The FBI reportedly have d the capsized over the 4th July holiday.Three children died,crews plan to raise t up tomorrow.
 
For a second straight month, the GOP's presented presidential nominee 8 Mitt 9 Romney and the republican party have raised more money than the democrats 10.The Obama campaign and the democratic party raise 71 million dollars,in June, 35 million dollars less than the republicans.
 
US's stock trading low with the DOW off 52 points at 12,720.NASDAQ composite index off 11 points at 2827.And the S&P down 5 points at 1350.