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(CNN Student News) -- August 24, 2011
Download PDF maps related to today's show:
• Libya
• Hispaniola
• Pakistan & United Arab Emirates
• Japan
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: Five years ago today, Pluto got a planetary down-grade and our solar system officially went from nine planets to eight. In today's show we're going to talk about some other significant events that happened on this day in history . First up, though, we're headed to Libya.
First Up: Crisis in Libya
AZUZ: The war is not over yet, but it's close. That's how one NATO official described the situation in Libya on Tuesday. NATO is an international organization made up of troops from various countries. It's been launching air strikes in Libya against the forces of long-time leader Moammar Gadhafi. A lot of those strikes have targeted Gadhafi's compound in the Libyan capital of Tripoli.
And this was the scene inside that compound yesterday. Rebel fighters and other residents walking around. Rebels took control of the compound after a battle with Gadhafi's military forces that lasted for hours. No members of the Gadhafi family were found inside the compound. But some reports on Monday that three of Moammar Gadhafi's sons had been captured by rebels, turned out not to be true.
One of them, whom you see in this video, turned up late Monday night at a hotel where international journalists are staying. At the time, he said his father was safe and that Libyan troops had "broken the backs" of rebel fighters. These conflicting reports show how the situation in Libya is changing. Make sure to check out CNN.com or CNNStudentNews.com to get the latest details.
Meanwhile, some people are considering the possibilities of what could happen once this war is over. Mary Snow is looking at one angle for us.
(BEGIN VIDEO)
MARY SNOW, CNN CORRESPONDENT: As the Gadhafi regime falls, one of the big questions is, what happens now to one of Libya's biggest assets, its oil? Libya supplied about two percent of the world's oil until civil war broke out in February, bringing production to a virtual halt.
Before the war started, Libya was producing about 1.6 million barrels of oil a day, and it has one of the largest reserves in Africa. It exports most of its oil, and its biggest customers are in Europe. Italy gets about 28 percent of its oil from Libya. France is its second biggest customer.
While Europe will feel bigger impact than the U.S. since the U.S. doesn't use Libyan crude oil, one energy analyst says drivers everywhere could wind up paying less at the pump.
PETER BEUTEL, ENERGY ANALYST, CAMERON HANOVER: It will have an impact on worldwide gasoline prices, and that will end up helping U.S. consumers by about four to six cents a gallon, I predict, over the next month or two.
SNOW: That timetable is up for debate.
What's unknown is how much damage has been done to refineries, pipelines and oil wells. And then there's the political question.
HELIMA CROFT, SR. GEOPOLITICAL STRATEGIST, BARCLAYS CAPITAL: If you don't have a stable security environment in Libya, if you have the sense that you're looking at a protracted political and security power vacuum, Western companies are going to be reluctant to go back in.
SNOW: There are predictions it could take 18 months to three years for Libya to restore its oil production to full capacity, but analyst Peter Beutel doesn't see Western countries allowing that to happen.
BEUTEL: Here's an opportunity for them to help a struggling democracy stand on its own two feet. If that means every single oil expert from Texas to Rotterdam is suddenly on a plane to Libya to get their oil up and running, I think there's a chance that that could happen.
(END VIDEO)
East Coast Quake
AZUZ: Here's something you don't hear about too often -- an earthquake in Virginia! One hit yesterday, though, and it sent shock-waves up and down the East Coast. New York, D.C., Massachusetts, North Carolina, Ohio. Reports came in of tremors in all those locations. Officials say this quake had a magnitude of 5.8. That makes it the strongest one to hit Virginia in more than a century. Lots of buildings evacuated. A lot of safety precautions went into effect -- including at nearby nuclear facilities. There were some minor reports of damage. But luckily, no reports of any injuries.
Shoutout
CNN STUDENT NEWS: Time for the Shoutout! Which of these words best describes Hispaniola? If you think you know it, shout it out! Is it a: A) Country B) Peninsula C) Island D) Isthmus You've got three seconds -- GO! Hispaniola is an island where you'll find the Dominican Republic and Haiti. That's your answer and that's your Shoutout!
Hurricane Irene
AZUZ: That island is feeling the effects of Hurricane Irene. The storm is working its way through the Atlantic and forecasters predict that it'll pick up strength along the way. One U.S. government official said the hurricane will affect a large area. He warned the entire east coast of the United States to prepare for Irene. When the storm hit Hispaniola, it brought heavy rain and winds with speeds up to 100 miles per hour. Forecasters estimated that Irene could drop up to 15 inches of rain on some parts of Haiti and the Dominican Republic. And there were concerns about flooding and mud-slides.
This Day in History
AZUZ: On this day in history -- August 24th -- back in the year A.D. 79, Mount Vesuvius began to erupt in Italy. The volcano completely wiped out the city of Pompeii. In 1814, during the war of 1812, British troops took control of Washington, D.C. and burned the White House. In 1989, Pete Rose, baseball's all-time hits leader was banned from the game for life for gambling on the sport. And in 1992, hurricane Andrew made landfall in Florida. The storm was one of the most expensive disasters in U.S. history causing nearly $25 billion in damages.
Share your thoughts on our blog
AZUZ: On our blog at CNNStudentNews.com, we're starting to get your input about another significant date in history that's coming up soon. The 10th anniversary of the 9/11 terrorist attacks. Today, we want you to share your thoughts on why you think it's important to remember the 9/11 attacks. Head to our home page, tell us what you think.
Cost of College
AZUZ: If you've started planning for college, chances are you're also trying to figure out how to pay for it. We hear a lot of concerns about the cost of getting a higher education. These concerns reach around the entire globe. Yesterday, we talked about college costs in China, the U.K. and Israel. Today, our reporters check in from three more countries.
(BEGIN VIDEO)
KYUNG LAH, CNN CORRESPONDENT: I'm Kyung Lah in Tokyo here on the campus of the University of Tokyo. This place is known as the Harvard University of Japan. Despite that moniker, one of the most pressing problems for this university's future, along with all the colleges in Japan, is how to keep the classrooms full. Japan has one of the world's fastest aging populations with one of the world's lowest birth rates. In the near future, there will not be enough students filling the colleges. So, the University of Tokyo, trying to fight that trend, announced next year it will launch a tract to try and teach all classes in English. Hoping to draw international students. 12 other universities in Japan already have similar English only programs. The big selling point here to the global student is that you can get an Ivy League education, albeit in Asia, but for a third of the cost of going to Harvard.
RIMA MAKTABI, CNN CORRESPONDENT: I'm Rima Maktabi coming to you from the American University in Dubai. The education system in the United Arab Emirates is a very interesting one compared to countries in the rest of the Middle East. There's a very high rate of literacy here. We're talking about 91%. The government makes it so easy to enroll in universities and schools, especially that 25% of the government's spending goes toward education. The faculty here teaches an American curriculum in Arabic language. The aim is to prepare solids and deep experts to compete in the market. So for this oil-rich country, education is crucial.
RESA SAYAH, CNN CORRESPONDENT: I'm Reza Sayah in Islamabad. Here in Pakistan, most people live on roughly $2 a day. So the biggest issue facing students like Abdul and Mohammad is "how can I afford a college education." Often times the best degrees are in the U.S. and Europe. You guys would have preferred to study abroad, right? But tuitions of at least $10,000 to $20,000 a year, for many in Pakistan studying overseas is impossible. Inside Pakistan, the tuition is roughly $1000 a semester. May not sound like much to you, but remember, if you're living along the poverty line, that's still a lot of money.
(END VIDEO)
Before We Go
AZUZ: Before we go, what happens when you combine man's best friend with a girl's best friend? You get a K-9 case of disappearing diamonds. This little guy belongs to a Georgia couple that owns a jewelry store. But when one of the owners went to wait on a customer the conniving canine jumped from floor to chair to counter and ate $10,000 worth of diamonds that were sitting out. The stones were eventually recovered.
Goodbye
AZUZ: And the owner says he'll be more careful about where he leaves his chair. We're just glad everything came out ok in the end. I'm Carl Azuz. This is CNN Student News.
(CNN Student News) -- August 24, 2011
Download PDF maps related to today's show:
• Libya
• Hispaniola
• Pakistan & United Arab Emirates
• Japan
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: Five years ago today, Pluto got a planetary down-grade and our solar system officially went from nine planets to eight. In today's show we're going to talk about some other significant events that happened on this day in history . First up, though, we're headed to Libya.
First Up: Crisis in Libya
AZUZ: The war is not over yet, but it's close. That's how one NATO official described the situation in Libya on Tuesday. NATO is an international organization made up of troops from various countries. It's been launching air strikes in Libya against the forces of long-time leader Moammar Gadhafi. A lot of those strikes have targeted Gadhafi's compound in the Libyan capital of Tripoli.
And this was the scene inside that compound yesterday. Rebel fighters and other residents walking around. Rebels took control of the compound after a battle with Gadhafi's military forces that lasted for hours. No members of the Gadhafi family were found inside the compound. But some reports on Monday that three of Moammar Gadhafi's sons had been captured by rebels, turned out not to be true.
One of them, whom you see in this video, turned up late Monday night at a hotel where international journalists are staying. At the time, he said his father was safe and that Libyan troops had "broken the backs" of rebel fighters. These conflicting reports show how the situation in Libya is changing. Make sure to check out CNN.com or CNNStudentNews.com to get the latest details.
Meanwhile, some people are considering the possibilities of what could happen once this war is over. Mary Snow is looking at one angle for us.
(BEGIN VIDEO)
MARY SNOW, CNN CORRESPONDENT: As the Gadhafi regime falls, one of the big questions is, what happens now to one of Libya's biggest assets, its oil? Libya supplied about two percent of the world's oil until civil war broke out in February, bringing production to a virtual halt.
Before the war started, Libya was producing about 1.6 million barrels of oil a day, and it has one of the largest reserves in Africa. It exports most of its oil, and its biggest customers are in Europe. Italy gets about 28 percent of its oil from Libya. France is its second biggest customer.
While Europe will feel bigger impact than the U.S. since the U.S. doesn't use Libyan crude oil, one energy analyst says drivers everywhere could wind up paying less at the pump.
PETER BEUTEL, ENERGY ANALYST, CAMERON HANOVER: It will have an impact on worldwide gasoline prices, and that will end up helping U.S. consumers by about four to six cents a gallon, I predict, over the next month or two.
SNOW: That timetable is up for debate.
What's unknown is how much damage has been done to refineries, pipelines and oil wells. And then there's the political question.
HELIMA CROFT, SR. GEOPOLITICAL STRATEGIST, BARCLAYS CAPITAL: If you don't have a stable security environment in Libya, if you have the sense that you're looking at a protracted political and security power vacuum, Western companies are going to be reluctant to go back in.
SNOW: There are predictions it could take 18 months to three years for Libya to restore its oil production to full capacity, but analyst Peter Beutel doesn't see Western countries allowing that to happen.
BEUTEL: Here's an opportunity for them to help a struggling democracy stand on its own two feet. If that means every single oil expert from Texas to Rotterdam is suddenly on a plane to Libya to get their oil up and running, I think there's a chance that that could happen.
(END VIDEO)
East Coast Quake
AZUZ: Here's something you don't hear about too often -- an earthquake in Virginia! One hit yesterday, though, and it sent shock-waves up and down the East Coast. New York, D.C., Massachusetts, North Carolina, Ohio. Reports came in of tremors in all those locations. Officials say this quake had a magnitude of 5.8. That makes it the strongest one to hit Virginia in more than a century. Lots of buildings evacuated. A lot of safety precautions went into effect -- including at nearby nuclear facilities. There were some minor reports of damage. But luckily, no reports of any injuries.
Shoutout
CNN STUDENT NEWS: Time for the Shoutout! Which of these words best describes Hispaniola? If you think you know it, shout it out! Is it a: A) Country B) Peninsula C) Island D) Isthmus You've got three seconds -- GO! Hispaniola is an island where you'll find the Dominican Republic and Haiti. That's your answer and that's your Shoutout!
Hurricane Irene
AZUZ: That island is feeling the effects of Hurricane Irene. The storm is working its way through the Atlantic and forecasters predict that it'll pick up strength along the way. One U.S. government official said the hurricane will affect a large area. He warned the entire east coast of the United States to prepare for Irene. When the storm hit Hispaniola, it brought heavy rain and winds with speeds up to 100 miles per hour. Forecasters estimated that Irene could drop up to 15 inches of rain on some parts of Haiti and the Dominican Republic. And there were concerns about flooding and mud-slides.
This Day in History
AZUZ: On this day in history -- August 24th -- back in the year A.D. 79, Mount Vesuvius began to erupt in Italy. The volcano completely wiped out the city of Pompeii. In 1814, during the war of 1812, British troops took control of Washington, D.C. and burned the White House. In 1989, Pete Rose, baseball's all-time hits leader was banned from the game for life for gambling on the sport. And in 1992, hurricane Andrew made landfall in Florida. The storm was one of the most expensive disasters in U.S. history causing nearly $25 billion in damages.
Share your thoughts on our blog
AZUZ: On our blog at CNNStudentNews.com, we're starting to get your input about another significant date in history that's coming up soon. The 10th anniversary of the 9/11 terrorist attacks. Today, we want you to share your thoughts on why you think it's important to remember the 9/11 attacks. Head to our home page, tell us what you think.
Cost of College
AZUZ: If you've started planning for college, chances are you're also trying to figure out how to pay for it. We hear a lot of concerns about the cost of getting a higher education. These concerns reach around the entire globe. Yesterday, we talked about college costs in China, the U.K. and Israel. Today, our reporters check in from three more countries.
(BEGIN VIDEO)
KYUNG LAH, CNN CORRESPONDENT: I'm Kyung Lah in Tokyo here on the campus of the University of Tokyo. This place is known as the Harvard University of Japan. Despite that moniker, one of the most pressing problems for this university's future, along with all the colleges in Japan, is how to keep the classrooms full. Japan has one of the world's fastest aging populations with one of the world's lowest birth rates. In the near future, there will not be enough students filling the colleges. So, the University of Tokyo, trying to fight that trend, announced next year it will launch a tract to try and teach all classes in English. Hoping to draw international students. 12 other universities in Japan already have similar English only programs. The big selling point here to the global student is that you can get an Ivy League education, albeit in Asia, but for a third of the cost of going to Harvard.
RIMA MAKTABI, CNN CORRESPONDENT: I'm Rima Maktabi coming to you from the American University in Dubai. The education system in the United Arab Emirates is a very interesting one compared to countries in the rest of the Middle East. There's a very high rate of literacy here. We're talking about 91%. The government makes it so easy to enroll in universities and schools, especially that 25% of the government's spending goes toward education. The faculty here teaches an American curriculum in Arabic language. The aim is to prepare solids and deep experts to compete in the market. So for this oil-rich country, education is crucial.
RESA SAYAH, CNN CORRESPONDENT: I'm Reza Sayah in Islamabad. Here in Pakistan, most people live on roughly $2 a day. So the biggest issue facing students like Abdul and Mohammad is "how can I afford a college education." Often times the best degrees are in the U.S. and Europe. You guys would have preferred to study abroad, right? But tuitions of at least $10,000 to $20,000 a year, for many in Pakistan studying overseas is impossible. Inside Pakistan, the tuition is roughly $1000 a semester. May not sound like much to you, but remember, if you're living along the poverty line, that's still a lot of money.
(END VIDEO)
Before We Go
AZUZ: Before we go, what happens when you combine man's best friend with a girl's best friend? You get a K-9 case of disappearing diamonds. This little guy belongs to a Georgia couple that owns a jewelry store. But when one of the owners went to wait on a customer the conniving canine jumped from floor to chair to counter and ate $10,000 worth of diamonds that were sitting out. The stones were eventually recovered.
Goodbye
AZUZ: And the owner says he'll be more careful about where he leaves his chair. We're just glad everything came out ok in the end. I'm Carl Azuz. This is CNN Student News.
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