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CNN Student News Transcript: April 11, 2011

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CNN Student News - 4/11/11
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(CNN Student News) -- April 11, 2011

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Washington, D.C.
Texas
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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: All of us have our normal daily routines. But how might those change after a serious natural disaster? It's something we're looking at today. I'm Carl Azuz. This is CNN Student News!

First Up: Budget Battle

AZUZ: When we talked on Friday about a possible U.S. government shutdown, there were three options on the table. One: Congress could pass a budget deal. Two: Congress could extend the budget deadline. Or three: The government could shut down. What happened was option B, a one-week extension. Congress passed that late on Friday. The new deadline is this coming Friday, so we could see all this debate again. Congressional leaders say we're getting closer to option A, though, a total new budget deal for 2011. Congressional leaders are hoping to have that passed before this coming Friday's deadline.

One of the big issues in this budget debate has been government spending and disagreements over where and how much should be cut. The extension that Congress passed comes with $2 billion in cuts. The deal that's being talked about has another $38.5 billion in cuts. But here's something you need to keep in mind: Just because there is talk of a deal doesn't mean there's a done deal. The agreement still has to be passed by the House and the Senate and signed by President Obama. If all that doesn't happen by midnight Friday, the government could be right back to those same options from last week.

Texas Wildfires

AZUZ: Dry weather plus strong winds equals the perfect conditions for wildfires. And that is what authorities in Texas were dealing with over the weekend. One official said Sunday could have been one of the worst days for battling wildfires in Texas history. No new fires reported early Sunday. But on Saturday, there were 18 blazes burning in different parts of Texas. The biggest one had burned more than 60,000 acres. An acre, just so you know, is roughly the same size as a football field. So, imagine 60,000 football fields all scorched by these flames. And that's just one of the blazes that firefighters in Texas are trying to control. The National Weather Service put out warnings for Oklahoma and Kansas, as well.

I.D. Me

TOMEKA JONES, CNN STUDENT NEWS: See if you can I.D. Me! I'm a city that's been around for hundreds of years. I'm located in Asia and home to around 13 million people. I wasn't always the capital of my country, but I am now. I'm Tokyo, the capital city of Japan.

Japan's New Normal

AZUZ: Japanese troops are launching a new search for victims of last month's earthquake. Engineers are working to get things under control at the damaged nuclear power plant. But in Tokyo, life is slowly returning to normal. Except, as Kyung Lah is about to show us, after recent natural disasters, the idea of what "normal" means is changing.

(BEGIN VIDEO)

KYUNG LAH, CNN CORRESPONDENT, TOKYO: The new normal of the Bromley's Tokyo life is not all that abnormal. Bottled water is mom Maria Bromley's choice for her three kids, worried about possible radiation exposure. She avoids subways and high-rise buildings. Daughter Brittany now carries an earthquake kit.

So, you always have it with you now?

BRITTANY BROMLEY, CANADIAN EXPATRIATE: Now I do, yes. It's always in my room.

MARIA BROMLEY, CANADIAN EXPATRIATE: I think that life as we knew it for the five years that we were here is going to be changed. I don't think it will be the same care-free, wonderful happy life that we've had.

LAH: While a little nervous, this Canadian family says it is still proud to call Tokyo an adopted home, unlike an estimated quarter of a million foreigners who left Japan in the wake of the earthquake and nuclear crisis. Thousands more lined up at immigration bureaus for exit and entry paperwork from Japan. Since that mass departure of foreign residents, they have started to now return to Japan. But not everyone. This is a neighborhood where you normally see a lot of international faces. And while we see some, just not as many as we used to.

SATOKO OKI, UNIVERSITY OF TOKYO, EARTHQUAKE RESEARCH INSTITUTE: I understand those people who really scared of coming to Japan.

LAH: Satoko Oki is with the University of Tokyo's Earthquake Research Institute. She says this will be the new norm in Japan for up to a year. That's how long she expects aftershocks near a magnitude 7, like what Japan saw last Thursday. But most of Japan, she stresses, is built to withstand a magnitude 7. For Tokyo residents, where most of the international residents live:

OKI: In this coming 30 years, we may have this metropolitan Tokyo earthquake. The chance is about 70 percent. So, it's quite large.

LAH: That's an acceptable risk for El Salvador native Greg Hidalgo, who says what Japan needs now is for international residents and businesses to invest in Japan's economy, not run from it.

GREG HIDALGO, EL SALVADORIAN EXPATRIATE: I don't want to be part of the problem. I want to be part of the solution. That's why I stayed.

LAH: Even the young ones who stay notice the new Tokyo is a little different.

HAYDEN BROMLEY, CANADIAN EXPATRIATE: Five people have left, and I only know one that is not coming back.

LAH: An adjustment in progress for a country and its international residents. Kyung Lah, CNN, Tokyo.

(END VIDEO)

Shoutout

STAN CASE, CNN STUDENT NEWS: Today's Shoutout goes out to Ms. Stevenson's social studies classes at St. Bruno Parish School in Dousman, Wisconsin! Whose face appears on the U.S. $10 bill? Is it: A) Thomas Jefferson, B) Abraham Lincoln, C) Alexander Hamilton or D) Benjamin Franklin? You've got three seconds -- and no checking your wallets! -- GO! Alexander Hamilton, the nation's first treasury secretary, is on the $10 bill. That's your answer and that's your Shoutout!

Budget Basic$

AZUZ: Okay, so the best way to keep track of those Hamiltons -- or in some cases Washingtons -- going in and out of our wallets is by making a budget. We talked about the U.S. government's budget at the top of today's show. Anybody can make a budget, although yours probably won't be quite as big as the government's. At least, we hope not. As we continue our coverage of Financial Literacy Month, Ben Tinker is here to break down the importance of budgets. Ben, what do you have for us?

(BEGIN VIDEO)

BEN TINKER, CNNMONEY: Carl, as we talk dollars and cents this Financial Literacy Month, one thing we definitely have to touch on is a budget. This is so important before you go out and buy anything. Take a look at this. We drew up the April budget sheet. You have $150 left over from March, let's say. On the first of the month, you get an allowance. Now, I know not everybody gets an allowance, but for simplicity's sake, let's just say you get it. Let's say it's $50. You add that to the $150, this is going to give you $200 in your bank account, or the money that you are stashing under your mattress.

Then, on April 2nd, you go out, you babysit, you're going to earn $60 for a couple hours of babysitting. You now have $260 in your bank account. The next day you get in the car, you hear this song that you absolutely love, you have to have it. You go on iTunes, you buy that music album for $10. Not a huge purchase, but this is going to set you back a little bit, and you want to keep track of it. $250.

Now, you go to the mall, you really want to buy the next game system, the thing that's really cool, all your friends have to have. Everyone wants to come over. You think you're going to have enough money, you think $250, but then you realize there's sales tax and there's other things that you have to keep in mind. You don't have quite enough money, so you have to go out and you babysit again. You earn $90, you babysit a couple more hours, because you really want to go out and make this purchase. This brings you now to $340, so you finally have enough money to go out and buy this game system.

You head to the mall the next weekend with your friends, make the purchase for $270, this brings you now down to $70 in your bank account. But this is good. You still have a little money left over. And if you didn't buy it, you'd have even more than that. So this budgeting, Carl, is really important. It's so easy to do, do it on your computer, do it on your smartphone or even a good old-fashioned piece of paper. And hey, it's good practice for later in life when you've got a balance sheet that has a lot more zeros on it. Carl?

(END VIDEO)

Web Promo

AZUZ: Here's something you can bank on: finding our Financial Literacy Month segments on our home page! That's CNNStudentNews.com. And we want you to scroll down and head to the Spotlight section where you can find it. We even have a special "web only" video up there where a financial expert breaks down wants vs. needs, a very important distinction! Budget some time to cash in on financial knowledge. CNNStudentNews.com!

Before We Go

AZUZ: I scream, you scream, we all scream for today's Before We Go segment. And believe me, there is plenty to scream about. Because what you are looking at is the making of the world's longest ice cream dessert! 150 feet long -- yes, that is a record. 45 gallons of ice cream, plus there's cake under there. Whipped cream, hot fudge, sprinkles. They're sparing no toppings. The record was set at a school, and yes, the students did get to eat it afterward. We weren't the first ones to cover this story.

Goodbye

AZUZ: But whoever was got quite the scoop. That pint-sized story is where we end for today. But check this out: We're gonna be back tomorrow with your dairy dose of CNN Student News. See you then.

 
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