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CNN Student News Transcript: November 5, 2010

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CNN Student News - 11/5/10
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(CNN Student News) -- November 5, 2010

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India
Indonesia
South Korea
Japan

Transcript

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

KRIS ALLEN, SINGER, AMERICAN IDOL WINNER: Hey, everyone. I'm Kris Allen from American Idol, and I'm here to introduce my idol, Carl Azuz.

CARL AZUZ, CNN STUDENT NEWS ANCHOR: An awesome introduction to the most awesome day of the week. Thank you, Kris. It's Friday, I am Carl Azuz, and you're tuned in to CNN Student News!

First Up: Post Election Plan

AZUZ: The midterms are over, but before we start talking about the 2012 elections, before we even start talking about the next Congress, this Congress still has some work to do. And it will do it as a lame duck. That refers to the time between an election and when the new Congress is sworn into session. President Obama wants to get together with congressional leaders and talk about what they can do during this lame duck session. What happens when that new Congress starts in January, when Republicans will have a majority in the U.S. House of Representatives? We turn to Sandra Endo, who now gives us an idea.

(BEGIN VIDEO)

SANDRA ENDO, CNN CORRESPONDENT, WASHINGTON, D.C.: After a major midterm election blow, an admission from the president: there needs to be a change in focus.

U.S. PRESIDENT BARACK OBAMA: In the rush of activity, sometimes we lose track of, you know, the ways that we connected with folks that got us here in the first place. Now, I'm not recommending for every future president that they take a shellacking like I did last night.

ENDO: At the polls, voters spoke clearly; they're not happy.

OBAMA: I've got to take direct responsibility for the fact that we have not made as much progress as we need to make.

ENDO: Now, the president and the newly Republican-controlled House will have to find some way to work together. But an emboldened GOP already wants to repeal some of the president's policies.

REP. JOHN BOEHNER, (R) OHIO, HOUSE MINORITY LEADER: I believe that the health care bill that was enacted by the current Congress will kill jobs in America, ruin the best health care system in the world, and bankrupt our country.

SEN. MITCH MCCONNELL, (R) KENTUCKY, SENATE MINORITY LEADER: Choosing the president over your constituents is not a good strategy.

ENDO: And if the economy doesn't turn around, it'll mean serious trouble for the president come 2012.

OBAMA: I've got to do a better job, just like everybody else in Washington does. We're not going to rule out ideas because they're Democrat or Republican. We want to just see what works.

ENDO: The first matter at hand for Congress is whether or not to extend the Bush era tax cuts. It's already proven to be divisive along party lines, so finding that common ground may be elusive. In Washington, Sandra Endo for CNN Student News.

(END VIDEO)

President Trip to Asia

AZUZ: Here's what's next on the president's agenda: He's heading off on a 10-day trip to Asia. He sees that part of the world as important to the U.S. in a lot of ways. And he'll be visiting several countries, meeting with other world leaders. First stop: India. He's scheduled to make a speech to the Indian parliament and hold a town hall meeting with some Indian students. Then the president will be headed off to Indonesia, which you see right now: number two on our map. He's going to meet with the Indonesian president and attend a state dinner. Next up will be South Korea. The president will be part of the G20 summit, a meeting of world economic powers. He's also scheduled to meet with the president of China. And finally, Japan, where President Obama will attend another economic conference.

I.D. Me

MICHELLE WRIGHT, CNN STUDENT NEWS: See if you can I.D. Me! I'm an American financial institution that was established in 1913. My board members are appointed by the president and confirmed by the Senate, and while I'm part of the U.S. government, I function independently. I'm America's central bank. I'm the Federal Reserve, or Fed, and I help set the nation's monetary policy.

Federal Reserve's Move

AZUZ: That was a tough ID Me. Right now, the Fed is at work trying to find ways to give the U.S. economy a boost, and it's going to try something called quantitative easing. Sounds complicated; but we're gonna try to break it down for you right now. This is what quantitative easing means: The Fed is going to spend $600 billion on Treasury bonds. Basically, it's loaning the U.S. government money. The idea is that the money will go to banks and the banks will loan that money out to people. So, this is a way for the Fed to try to put a lot of money out into the economy. The Federal Reserve chairman says this could help create jobs and keep prices stable. But critics, including some members of the Fed, disagree. They think that if you put too much money out there, it could weaken the value of the dollar, and it might end up hurting the economy in the long run.

Drug Tunnel

AZUZ: "We caught them in the act. It's not a good day for the cartels." That is how one U.S. official reacted after authorities discovered 30 tons of marijuana. That is 60,000 pounds! It was part of an operation that smuggled drugs between Mexico and the United States. And this is how those drugs got from one country to the other. Look at this. It is a tunnel that's the length of six football fields. It had a rail system, lighting, ventilation. It was pretty sophistocated. And it ran between a warehouse in Tijuana, Mexico and one in San Diego, California. A special task force looks for these kinds of tunnels along the U.S.-Mexico border. Now, officials are going to be investigating the owners of those two warehouses.

Haiti Braces For Rain

AZUZ: People in Haiti are dealing with more rain from Tropical Storm Tomas. The storm isn't expected to hit the country directly, but the rain itself could be a problem. Officials are specifically worried about flooding and mudslides. As you see in these pictures right here, a lot of people in Haiti still live in tents after January's earthquake. The government is urging everyone to take shelter. But aid workers say there aren't enough buildings left in Haiti for the people who need it, so any amount of rain in these conditions could be dangerous.

Most Intriguing Teens

AZUZ: 15-year-old Zach Veach is a most intriguing teen. He races cars around a track at more than 150 miles per hour, and he's also trying to raise awareness about driver safety. It's an interesting combo. I talked to Zach recently about how he handles a car on the track, and about how all of us can be safer on the street. Listen to this interview.

(BEGIN VIDEO)

AZUZ: How does someone who races cars convince people who drive them every day to drive them more safely?

ZACH VEACH, 15-YEAR-OLD RACECAR DRIVER: You know, when we're out on the track, we have 100% of our attention on the other cars around us, our shifting points, our brake markers. And really, we're thinking of a thousand things for each corner. And when you're driving a street car, you're not thinking as many things, but it still needs to have 100% of your attention, because you don't know if there's somebody in front of you who's going to hit their brakes, or there might be an accident you need to avoid. So, when you're texting while driving and you're not looking at the road, a fatal crash could occur.

AZUZ: And you've created a smartphone app that can help people drive more safely. Tell us about that, Zach.

VEACH: Yeah, it's on the marketplace for 'Droid. It's called Your Text, and it works as an autoreply feature. So, when you get in your car, you turn it on. You either create your very own personal message or select one of the pre-made messages. And you turn on my application, and while you're driving, as you get a text message, you'll automatically send a reply back, so you don't have to worry about somebody knowing what you're doing.

AZUZ: Zack, just out of curiosity, is it even possible to text while driving a race car?

VEACH: I don't think it's been done.

AZUZ: Don't be the first one to do it!

VEACH: Yeah, definitely not. I'd say it's pretty much impossible, because when we're taking our hand off the wheel to shift, it's still kind of hairy, so it takes your full attention.

Heroes Promo

AZUZ: CNN Heroes: Ordinary folks who are changing the world. This year's top 10 heroes have been chosen. Now, you can vote for the hero of the year! And then tune in on Thanksgiving night to find out who wins. You can get to the Heroes website and find our CNN Heroes Teacher Guide -- it is free -- it's all on our home page, CNNStudentNews.com!

(END VIDEO)

Shoutout

TOMEKA JONES, CNN STUDENT NEWS: Time for the Shoutout! When does Daylight Saving Time end this year? If you think you know it, then shout it out! Is it: A) November 5, B) November 7, C) November 9 or D) November 11? You've got three seconds -- GO! Daylight Saving ends on November 7, which is this Sunday! So, don't forget to turn those clocks back! That's your answer and that's your Shoutout!

Before We Go

AZUZ: All right, before we go, it might be time for a recount. These ballots were discovered this week in West Virginia. But they're not from Tuesday's midterm election. They're from the presidential election in 1860! That is the one that put Abraham Lincoln in the White House. A local historian says the ballots are unique because not too many people in that area voted for Honest Abe. All right, 150 years might be too late for that recount.

Goodbye

AZUZ: But I guess we could put it to a vote. We'll be Lincoln together more headlines on Monday. We hope you'll elect to tune in. Remember, though: set those clocks back on Sunday. Enjoy the extra hour of sleep. I know I will. And have a great weekend. We'll see you soon!

 
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