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(CNN Student News)

	
	
	
-- March 19, 2010


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http://www.cnn.com/2010/US/studentnews/03/18/transcript.fri/index.html


     



           Transcript

           THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM
           AND MAY BE UPDATED.

           CARL AZUZ, CNN STUDENT NEWS ANCHOR: Fridays are awesome! And by
           the end of the next 10 minutes, you will be stuffed with
           commercial-free news. You'll see what we mean. I'm Carl Azuz. This
           is CNN Student News.

           First Up: Health Care Debate

           AZUZ: First up, a potential vote in Congress postpones a
           presidential trip overseas...again. President Obama was scheduled
           to leave for a visit to Indonesia and Australia on Sunday. That
           will wait because the U.S. House of Representatives might be
           voting that day on the health care reform bill, the president's
           top priority for the country.

           Now, we've talked about the controversy surrounding the bill and
           the processes that Democrats have considered to try to get it
           passed. Now, the Congressional Budget Office is weighing in with
           some numbers. The agency estimates that the bill will have a full
           cost of $940 billion. It also estimates the legislation would cut
           the U.S. deficit by $138 billion over the next 10 years. As
           Brianna Keilar explains, that 2nd number is a hopeful sign for the
           Democrats who are trying to get this thing passed.

           (BEGIN VIDEO)

           BRIANNA KEILAR, CNN CONGRESSIONAL CORRESPONDENT: Why is this
           important? It's important because House Democratic leaders, as
           they go it alone without Republican support, because Republicans
           say this is a government takeover of health care, Democratic
           leaders are looking for support from within their own party. And
           they're having a hard time getting it from some of those moderate
           Democrats, many of them fiscal conservatives who say they're
           worried about this costing too much. They're worried about it
           adding to the deficit. So, that deficit reduction is key there.
           Just listen to what Speaker Pelosi said about these numbers.

           HOUSE SPEAKER NANCY PELOSI, (R) CALIFORNIA: We feel very strong
           about where we are in terms of how we proceed. The CBO report that
           we have that, again, speaks so eloquently. I love numbers, they
           are so precise. Speaks so eloquently to the savings that are there
           for the American people.

           (END VIDEO)

           AZUZ: Republicans have been opposed to the Democrats' health care
           proposal. They argue that the bill won't cut down medical costs,
           and they say this new estimate doesn't change their opinion.
           REP. PHIL GINGREY, (R) GEORGIA: This bill spends too much. It
           taxes too much. It costs too much. And as Senator Coburn says, it
           does not lower the cost of health care.

           HOUSE MINORITY LEADER JOHN BOEHNER, (R) OHIO: Do everything that
           we can do to make sure that this bill never, ever, ever passes.



           Jobs Bill Signed

           AZUZ: What has passed is a jobs bill; it's now law, President
           Obama signing off on the $17.6 billion HIRE Act, HIRE standing for
           Hiring Incentives to Restore Employment. We told you about some of
           what's in the legislation yesterday. Some critics argue this bill
           isn't going to do enough. But President Obama says the HIRE Act
           will help speed up economic growth. Ali Velshi now joins us; he's
           going to take a look at the impact that this bill might have on
           the country's unemployment situation.

           (BEGIN VIDEO)

           ALI VELSHI, CNN CHIEF BUSINESS CORRESPONDENT AND HOST: Let's put
           this in perspective. From the beginning of this recession, we
           started losing jobs in January of 2008. Just a few at the time.
           Take a look at what happened last year. About last January,
           February, March, a year ago we were at the bottom here. More than
           700,000 jobs in each of those months lost.

           Then we started to creep up. There were some anomalies, but
           largely, we got to the point where we had one month of job gains.
           Then job losses again. Lost about 36,000 jobs in February. So,
           we've seen the job losses stem, but the bottom line is there are
           still a lot of people out of work who can't get that work.
           Now, let me just show you what this means. I've created a guy
           named Jobless Joe. And what the president's jobs bill means for
           Jobless Joe.

           So, the government passes this program, which basically has $13
           billion in tax cuts for people who employ new workers. So, the
           company then gets some of this money. They get a discount,
           basically, on the payroll taxes that they have to pay to employ,
           in this case, Jobless Joe or Jobless Jane or whomever you want.
           That's how this bill ends up creating jobs.

           Now, let's talk about what that means. We also looked at whether
           this will spur companies to actually create jobs. A recent survey
           by American Express says that 42 percent of companies say the No.
           1 reason to create a job, well, it's pretty obvious: customer
           demand increases. That's the reason businesses typically create
           jobs.
           Eleven percent of companies say tax credits, like the one we saw
           signed into law today, will be influential. But again, that could
           move, depending on how big or how small the tax credit is. Five
           percent say it's access to loans. That companies, and particularly
           small businesses, have difficulty with credit.

           (END VIDEO)



           Shoutout


           STAN CASE, CNN STUDENT NEWS: Today's Shoutout goes out to Mr.
           Divis' world cultures class at Bellows Falls Union High School in
           Bellows Falls, Vermont! Based on area, what is the largest country
           in the world? Is it: A) Russia, B) Canada, C) United States or D)
           China? You've got three seconds -- GO! In terms of land area, we
           put the top four in order for you, with Russia right at the top.
           That's your answer and that's your Shoutout!



           Russia Visit

           AZUZ: U.S. Secretary of State Hillary Clinton is in Moscow, the
           capital of that largest country, working on two issues. Today,
           she's meeting with members of what's called the Mideast Quartet.
           It includes the U.S., the United Nations, the European Union and
           Russia. They're trying to create a peace deal between Israelis and
           Palestinians. The two groups had agreed to hold indirect talks
           recently. But after a conflict over Israeli settlements in East
           Jerusalem, Secretary Clinton says she's waiting to hear if those
           talks will happen.

           The other issue she was there to talk about: a nuclear weapons
           treaty. Yesterday, Secretary Clinton met with senior Russian
           officials to talk about both nations reducing their number of
           nuclear warheads. If they can put together an agreement, it would
           replace an old treaty from 1991 that expired in December.



           Is This Legit?

           TOMEKA JONES, CNN STUDENT NEWS ANCHOR: Is this legit? The NCAA
           oversees collegiate fencing and water polo. Legit! It's not just
           basketball and football. The NCAA oversees dozens of sports in
           multiple divisions.



           NCAA Graduation Rates

           AZUZ: Because of "bracketology," this time of year, most people
           are focused on basketball. But some education officials, including
           Education Secretary Arne Duncan, are pushing an idea that might
           leave a few holes in the March Madness brackets. If players can't
           cut it in the classroom, this proposal would keep teams off the
           court. Kate Bolduan dishes out the details.

           (BEGIN VIDEO)

           ARNE DUNCAN, SECRETARY OF EDUCATION: I want to reiterate my
           proposal to the NCAA that teams that fail to graduate 40 percent
           of their players should be ineligible for postseason competition.
           Frankly, that's a low bar and not that many teams would be
           ineligible. Over time, I think we should set a higher bar. But it
           is a minimum, a bright line, which every program should meet to
           vie for postseason honors.

           KATE BOLDUAN, CNN CORRESPONDENT: Secretary Arne Duncan wants any
           school graduating less than 40 percent of its athletes banned from
           postseason play, citing a new study by the Institute for Diversity
           and Ethics in Sport. It shows 12 teams in this year's tournament
           graduated less than 40 percent of their players, including
           Kentucky at 31 percent, Maryland at 8 percent, and Louisville at
           38 percent. The study examined NCAA statistics of four recent
           graduating classes, the last in 2009. Tennessee also falls below
           the line, but men's head coach Bruce Pearl defends his program,
           saying the problem starts far before students hit the college
           court. And sports reporters like Andy Pollin say educators may not
           like it, but it's the reality of college sports today.

           ANDY POLLIN, SPORTS DIRECTOR, 980 ESPN RADIO: If the NCAA was
           actually concerned about graduation rates, they wouldn't schedule
           weeknight games that start at 9:00. The NCAA isn't concerned about
           graduation rates. They're concerned about basketball programs and
           they're concerned about the billion dollars that they bring in
           from this three-week tournament that everybody plays in their
           office pools.

           BOLDUAN: The NCAA says it shares the concern over low graduation
           rates, but also said in a statement "basing postseason bans on
           graduation rates penalizes the wrong students."

           When I asked Secretary Arne Duncan about how exactly the
           Department of Education can implement and enforce his proposal, he
           said they can't. This really isn't going to be a federal mandate
           of any kind. His goal is to raise awareness on the issue. Kate
           Bolduan, CNN, Washington.

           (END VIDEO)



           Email Promo

           AZUZ: You know you want a sneak preview of what's coming up on CNN
           Student News. You need to sign up for our daily e-mail! It's the
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           lets you know what we're covering in our daily show. You can see
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           Everything is free. To have instant access to all of it, make
           CNNStudentNews.com your homepage today! You're gonna love it.



           Before We Go

           AZUZ: Now before we go, don't bite off more than you can chew.
           Unless you're just gonna shove it all in your mouth anyway. Of
           course, when you're trying to eat as much corned beef as you can
           in 10 minutes -- ugh -- this is probably the way to do it. Top
           prize took home $5,000, and all it took was 15-and-a-half
           sandwiches. The man behind the winning mouth was Joey Chestnut.
           You wanna watch out for Joey Chestnut...



           Goodbye

           AZUZ: ...because when this guy sees competition, he just chews it
           up and spits it out. Yeah, I know. We couldn't stomach the idea of
           leaving you on a Friday without a pun for the weekend. Hope you
           have a great one. For CNN Student News, I'm Carl Azuz.

	
http://www.cnn.com/2010/US/studentnews/03/18/transcript.fri/index.html





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