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STUDENT NEWS

Doctor Diagnosed with Ebola; NFL Wants to Go Global; What Is Inversion?

Aired October 27, 2014 - 04:00:00   ET

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


CARL AZUZ, CNN ANCHOR: Taking off the last week in October. This is commercial free CNN STUDENT NEWS. Welcome. I`m Carl Azuz.

Late last week, a doctor who treated Ebola patients in the West African nation of Guinea came down with the dangerous virus, but he was in New York

City when he did. 33-year old Craig Spencer became the fourth person diagnosed in the U.S. with Ebola. He`s in isolation at New York`s Bellevue

Hospital. Three people who`d been in contact with him are in quarantine.

Three U.S. states also have new quarantine rules for people returning from West Africa who`d been exposed to Ebola patients. In Illinois, they have a

21 day home quarantine. In New York and New Jersey, they have a mandatory 21 day hospital quarantine. A doctor at the National Institutes of Health

says the new rules could discourage health care workers from helping fight Ebola in West Africa. But he also says many Americans have lost faith in

the federal government`s efforts to stop the spread of Ebola.

(BEGIN VIDEOTAPE)

UNIDENTIFIED FEMALE: President Obama hugging nurse Nina Pham to show Americans the Ebola scare is under control.

(CHEERS AND APPLAUSE)

UNIDENTIFIED FEMALE: Just minutes after her doctor did the same.

DR. ANTHONY FAUCI, NIH: She`s cured of Ebola. Let`s get that clear, OK? That`s for sure.

NINA PHAM, NURSE DECLARED FREE OF EBOLA VIRUS: I`m on my way back to recovery, even as I reflect on how many others have not been so fortunate.

JOSH EARNEST, WHITE HOUSE PRESS SECRETARY: I think this also should be a pretty apt reminder that - that we do have the best medical infrastructure

in the world.

UNIDENTIFIED FEMALE: The White House given the alarm over a new Ebola patient a doctor in New York City, was quick to point out one of the CDC

swat teams the president ordered was on the case.

EARNEST: I`m told that this swat team actually arrived in New York at the same evening that this individual was a confirmed Ebola patient.

UNIDENTIFIED FEMALE: But on Capitol Hill, a National Nurses Union leader called the overall response dangerously inconsistent and inadequate.

DEBORAH BURGER, RN, NATIONAL NURSES UNITED: No nation would even contemplate sending soldiers into the battlefield without armor and

weapons. Give us the tools we need. All we ask from President Obama and Congress is not one more infected nurse.

UNIDENTIFIED FEMALE: And Republicans continued to question why the president named a political aide, Ron Klain, to coordinate the effort.

REP. TREY GOWDY, R-S.C.: Cite me all of his medical infectious disease, communicable disease, health care delivery background.

NICOLE LURIE, MD, HHS ASSISTANT SECRETARY: You know, one of the terrific things the government works together is that experts come together all the

time.

GOWDY: I`m going to take that answer as he has none.

(END VIDEOTAPE)

UNIDENTIFIED FEMALE: What is the largest stadium in the United Kingdom? If you think you know it, you know how it works, just shout it out. Is it

Twickenham Stadium, Millennium Stadium, Wimbledon Stadium or Wembley Stadium? You`ve got 3 seconds, go.

With the capacity of 90,000 people, Wembley is the biggest stadium in Britain and the second biggest in Europe. That is your answer and that`s

your shoutout.

AZUZ: Last play of the game between the Atlanta Falcons and Detroit Lions last night. Detroit kicks a field goal to win it by one point. The Lions

had been down 21:0 at the half, but those who saw the extraordinary comeback in person were not in Michigan, they weren`t in Georgia, they were

at Wembley Stadium in the UK. And that`s where the National Football League is testing an idea that could lead to an international football

league.

(BEGIN VIDEOTAPE)

JIM BOULDEN, CNN CORRESPONDENT: This is the 10th regular season NFL game to be held here at London`s Wembley Stadium since 2007. The question is,

does the NFL have the ability to put a franchise in London? They want to grow their international audience. They want to grow the merchandise sales

around the world. They really see this international series as a test case for growing this global audience. They want to make billions and billions

of dollars around the world.

Can they put a franchise here? A lot of people are now saying it`s more likely that there could be a franchise in London. We already have a team

called the Jacksonville Jaguars who have agreed to play four seasons of one regular season game. They`ve already done that once. They`ll play here

for the third match next month for the season. So the NFL is spending three regular season games in London is a big deal for this NFL franchise.

Possibility here in London.

If not, well, they are already selling more than 80,000 tickets for each game. That`s more than you`ll get on most stadiums in the U.S. So that is

a good sign that international fans love the NFL. Someday there could be a franchise.

(END VIDEOTAPE)

AZUZ: A number of U.S. companies are trying to relocate their headquarters outside the U.S., and the U.S. government is trying to keep them from doing

it. Why? Taxes. About 10 percent of the U.S. government`s total revenue comes from corporate taxes. These are placed in the profits that U.S.

based business make. The federal government`s corporate tax rate is 35 percent. The global average is lower, at 25 percent, and in Ireland, which

has one of the lowest tax rates, it`s about 12.5 percent. So some U.S. companies are considering something called inversion.

(BEGIN VIDEOTAPE)

CRISTINA ALESCI, CNN CORRESPONDENT: Inversion. No, it`s not a yoga pose. It`s actually short hand for a complicated and controversial tax maneuver

used by some very large companies. Let`s say we have a corporation in the U.S. It decides to buy a smaller one, in Ireland, for example. Is the

combined company American or Irish? You`d probably say American, because that`s where the buyer`s from, but with inversion, it`s the other way

around. The larger U.S. company takes the smaller company`s citizenship.

Now, why do that? Taxes. U.S. has one of the highest corporate tax rates in the world, and inversion helps U.S. companies take advantage of their

new home country`s lower tax rate. Without actually moving operations.

And there is another benefit. The company does not pay the U.S. rate on profits it makes overseas. That`s key, because without an inversion, a

U.S. company that brings its international profits back, has to pay Uncle Sam. That`s why so many U.S. companies decide to park international

profits where they made them.

American companies currently have $2 trillion stowed away in other countries. But that`s a problem if a company wants to spend the cash here,

whether it`s for research and development, or to pay out shareholders, or even to throw a giant pizza party. Defenders of inversion say the tactic

is perfectly legal, and it makes American companies more competitive. Critics, however, see it as a big, fat, juicy loophole for mega

corporations.

(END VIDEOTAPE)

AZUZ: Roll call requests can be made on transcript page at cnnstudentnews.com. From Friday`s transcript, we got a request from

Beaumont, California. The Cougars of Mountain View middle school are watching. We got a request from Charlevoix, Michigan. It`s where we found

the Raiders of Charlevoix middle high school. And in Branchville, South Carolina, the buzz is all about the Yellowjackets. Branchville Lockett

High school is on today`s roll.

We told you earlier this month about a man who jumped the fence surrounding the White House and actually made it inside the building before he was

caught. Another intruder tried the same thing last week, but he didn`t get as far. Two of the reasons why - Jordan and Hurricane. They are employees

of the Secret Service. They are considered police. They are aggressive and very highly trained. But they`re not human.

(VIDEOTAPE)

AZUZ: Think of a gold nugget. You are probably picturing something the size of a chicken nugget. This is more of a gold clod. It was unearthed

this summer in the mountains of Butte County, California. The person who found it won`t say where, and he or she wants to stay anonymous, just like

the person who bought it. Now, what would you think was paid for a 6-pound gold chunk? The answer, about $400,000. This is why the gold rush started

in the 1800s. Could it spark another one? The idea is a glittering prospect. The chunk was worth its weight in gold, but was paying that much

for it foolish? In periodic table terms, that`s up to AU. We`re digging up pun gold on CNN STUDENT NEWS. I`m Carl Azuz. Hope to see you Tuesday.

END