(CNN Student News) -- January 25, 2008
Getting a Boost - Discover the details of a government plan to bolster the U.S. economy.
Davos Forum - Hear some teens discuss the issues that they think will shape the future.
The Rush of the Race - Examine some of the potential consequences of illegal street racing.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CARL AZUZ, CNN STUDENT NEWS ANCHOR: It's Friday, I'm Carl Azuz and this is CNN Student News, your commercial-free source for news for the classroom. We're happy to have you along for the ride as we wrap up the week.
AZUZ: First up, President Bush and Congress are hoping to give a helping hand to the U.S. economy. We've been talking a lot this week about the rocky ride that the stock market's been on, and how that gives an indication that the country's economy may be going through some tough times. Well, the government has a plan to turn things around: They're going to pay you to help out. Ed Henry fills us in on the details.
(BEGIN VIDEO CLIP)
ED HENRY, CNN STUDENT NEWS: The president was quick to declare victory on the stimulus package that will pump $150 billion into the sagging economy.
U.S. PRESIDENT GEORGE W. BUSH: This package has the right set of policies and is the right size. The incentives in this package will lead to higher consumer spending and increased business investment this year.
HENRY: The deal came after round-the-clock negotiations, Congress moving at record speed.
HOUSE SPEAKER NANCY PELOSI, (D) CALIFORNIA: I think this is a remarkable package, because it is about putting money in the hands of America's working families.
HENRY: The deal gives $600 rebate checks to individuals making under $75,000, $1,200 for couples who earn less than $150,000 per year. Couples with kids get an extra $300 per child. In a concession to Democrats, workers who make at least $3,000 but don't pay taxes will still get $300 checks. In return, Democrats dropped calls for an increase in food stamps and an extension of unemployment benefits. Republicans also secured tax breaks for small businesses, who can write off 50 percent of purchases of plants and other capital equipment.
HOUSE MINORITY LEADER JOHN BOEHNER, (R) OHIO: The speaker gave some, as she said, and Republicans gave some. But, I think it's a good compromise that will benefit the American people.
HENRY: There's one reason for the bipartisanship: It's an election year, and both parties are desperate to show they're doing something about the sliding economy.
BUSH: This agreement was a result of intensive discussions.
HENRY: While the president does not have to face the voters in November, he has a legacy to fret about. That's why White House officials say the economy will be a major focus Monday, when he delivers his final State of the Union Address.
BUSH: I know Americans are concerned about our economic future. Our economy is structurally sound, but it is dealing with short-term disruptions in the housing market and the impact of higher energy prices.
HENRY: But this is not a done deal. Some senators are talking about adding more money for food stamps and other priorities, which might slow all of this down. And the Treasury Department says that even if Congress finishes by mid-February, it might not be until summer until all of the checks have reached all of the mailboxes, raising questions about how quickly the economy will be boosted. Ed Henry, CNN, the White House.
(END VIDEO CLIP)
GEORGE RAMSAY, CNN STUDENT NEWS: See if you can I.D. Me! I'm a landlocked European country that was founded in 1291. I have four official languages, including German, French, Italian and Romansch. I've been known for my neutrality; my country didn't take sides in either World War. I'm Switzerland! And I'm surrounded by Austria, France, Germany, Liechtenstein and Italy.
AZUZ: And right now, government and business leaders from around the globe have gathered in the Swiss city of Davos for the annual World Economic Forum. With a name like that, you certainly expect financial issues to be on the agenda, and of course they are. But attendees are also talking about topics like climate change and conflicts in the Middle East and Asia. One session even gave people your age the chance to talk about what issues they think will be important for future generations. Here's some of what they had to say.
(BEGIN VIDEO CLIP)
GILLION BOSMAN, SOUTH AFRICA: I think what the revolution among young people at the moment, mobilizing other young people to become active and sort of tackle causes, we'll have a very different landscape of what we have now. And in about 2030, I don't think the World Economic Forum will be about global leaders and global players. I think it will be young people who have occupied those positions and they're using different mediums to get their message across, because I think the times are changing.
RHADEENA DE ALWIS, SRI LANKA: We're not really headed in the right direction. However, I also think that we as the younger generation can and will make a difference in the future if we're only given the chance.
JUAN NASCIMBENE, ARGENTINA: We are being faced with two different worlds: the developed world and the developing world. In the developed world, we will have an aging population, and one of the most urgent problems right now would be two-thirds of the population, and in 2030 will be over sixty years old. And that is why it is really, really important to give youth a voice right now, because if we undermine youth right now then their needs and necessities in the future will completely be undermined because of the constituencies of the leading countries will be over 60 years old.
WHITNEY BURTON, U.S.: I know that we can't completely eradicate poverty, but I think there are many steps that we can take that can really help people who want to come out of poverty to have better opportunities, to make a better life for themselves, so that they can feed their children, they can have jobs and their kids can go to school.
NICK HENDERSON, SCOTLAND: I would like to see that the world in 2030 is a more equal place and a better place for gay and lesbian people around the world, because I think that there is a lot of discrimination that still exists. And it always shocks me how much discrimination there is, especially against HIV-positive people in this world.
YUNAN JIN, CHINA: The planet is actually a really small place and we have a huge population on this planet right now. And people are going to start coming together; it's inevitable. And if people don't respect each other's culture and don't understand each other and don't give each other room or space to act in, we're going to be facing a huge problem. So in 2030, I hope the world will be more united.
(END VIDEO CLIP)
AZUZ: Somewhere else where young people are voicing their opinions? On our blog! Awesome! Seems like we really struck a nerve with the story in yesterday's show about a controversial program that pays students to study. Here's a sample of what some of you are saying.
Andreas says, "Bribing kids to study, that is totally bogus! Kids need to study on their own. That will never prepare them for the real world! They'll "act" like they're studying, but really they will just think about the reward!"
Mister C's middle school class took a poll. Ninety-one percent think that it's a good idea to get paid to study. Eighteen percent would like to get paid a higher wage of ten dollars an hour; good luck with that, guys. And 36 percent think that it wouldn't change how they learn during school.
Diego is all for it. He said, "I think that this getting paid to go to school thing is a pretty good idea. That way a lot of kids will probably study more. I wish [my] county did the same thing."
And Tasha had this interesting take: "If high school athletes can't be paid to play a sport to make a team better, how is it any different for teachers to pay students to have better grades? Since the subjects are math and science, it sounds like the school is paying the students and trying to have higher state test scores to make their school look better."
Some great responses there. You can go to our blog at CNNStudentNews.com and leave us your comments as well.
AZUZ: And while you're there, check out our weekly Newsquiz! Each Friday, we put together ten questions to test your knowledge of that week's headlines. Think you know your news? Then head to CNNStudentNews.com and see how well you do!
AZUZ: Shifting gears a bit now, when you get behind the wheel and notice just how high your car's speedometer goes, it might be tempting to push that needle up over 100 miles per hour. Hollywood certainly feels the need for speed. Teens have been street racing on the big screen for more than 50 years. Of course they use stunt drivers, professionals. Try it in real life, and you could be facing some very serious consequences.
(BEGIN VIDEO CLIP)
AZUZ: It's no mystery why people do it: throttling a 3,000 pound machine down a straightaway, tires screeching to find grip while the engine roars. On the surface, it's all adrenaline, and different types of it, too. Some may be spontaneous street races, the driver next to you at a stoplight revving up a challenge. Some are more organized. Here's some police video from Orange County, Florida, where you can clearly see a crowd gathered to gawk at the competition. Other races take place on crowded highways, two racers weaving in and out of traffic.
One thing they all have in common: They're illegal. And if the risk of reckless driving and speeding tickets doesn't deter you, maybe this will. Car crashes are the leading killer of teenagers in America. An estimated five to six thousand teens die this way every year. There are no statistics on how many of these have anything to do with street racing, and there's no national database that tracks arrests related to street racing. But one law enforcement official says the level of illegal racing is "ridiculous." To stop it, the country's police are doing everything from fining spectators hundreds of dollars to confiscating and crushing a racer's pride and joy. There are places where you can compete legally: auto crossing events, track days, drifting competitions. But if you're addicted to the rush of the race and you're not in a regulated event wearing a helmet, you're literally taking your life in your hands. And if you get hurt or someone else does, or your car or life is destroyed, it's never worth it.
(END VIDEO CLIP)
AZUZ: That's where we put on the brakes for today. We'll see you right back here on Monday for more CNN Student News. Have a great weekend, everyone. I'm Carl Azuz. E-mail to a friend