Wednesday, January 11, 2017


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Kicking off 10 minutes of international news
explained. I`m Carl Azuz. Welcome to CNN 10.

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This January 11th, we`re starting with the
report on Venezuela. The nation is in an economic

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tailspin. It`s located in South America. It`s
home to

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around 31 million people.

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And even though its president, Nicolas Maduro,
increased Venezuela`s minimum wage by 50 percent

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this week, and even though that was the fifth

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time the country`s minimum wage was increased
in the past year, it`s nowhere near the price

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increases of basic necessities, like food
for many

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Venezuelans.

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Inflation is when prices go up and money buys
less. For perspective, average inflation in

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the U.S. is around 3 percent per year. In
Venezuela,

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the International Monetary Fund expects inflation
will increase by more than 1,600 percent this

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year and almost 3,000 percent next year. People

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can`t get the medicines they need. Venezuela`s
bank notes are virtually worthless.

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President Maduro reportedly says that Venezuela
is the victim of an economic war waged by

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his opponents. But when Venezuela`s government
began

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taking over the country`s oil industry in
1976 and eventually became dependent on oil

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for almost half the government`s revenue,
the stage was

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set for a potential crisis if oil prices were
to drop.

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Venezuela`s economic disaster.

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This economic crisis has been years in the
making. The socialist government here is being

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accused

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of really discouraging investment in this
economy. And what`s happened over the last

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years is we`ve seen severe shortages of food.

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What really made things dramatic, though,
was when the oil price plunge about a year

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and a half ago now. Venezuela depends on the
selling of oil

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for almost all of its government income. On
top of that, it is now so reliant on imports

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of almost everything. They are not taking
in enough

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money to pay for all the imports that they
need.

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Ten-second trivia.

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Which of these invertebrates is an anthozoan
known for its stony skeleton? Coral, sea anemone,

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mollusk, or starfish?

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Answer here is coral. The skeletons or the
animal that secretes them, forming ocean reefs.

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And while coral and coral reefs are known
for their incredibly vibrant colors, they

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can bleach white if they get stressed. Scientists

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observed this last year in the worst ever
bleaching of Australia`s Great Barrier Reef.

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Coral`s colors determined by the algae that
live on it, and

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the algae are coral`s food source.

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But if the coral gets stressed, it can lose
these algae and then turned white. This can

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happen if water temperatures get too warmed
or too cold,

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or if there`s pollution or an extremely low
tide. It`s a sign of bad health, but the coral

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can recover.

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There`s more affected than the reef itself
though. Consider the ripple effects of a recent

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coral bleaching event near Madagascar.

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This morning, Hary wakes up with the moon.
He and his 13-year-old son are hoping it will

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guide fish into their nets.
This is how I make a living, through this

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net.

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Today, they`re in luck. A few fish. But they
say their catches are just a fraction of what

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they once were, and that`s because the coral

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reef that surrounds this remote island off
the coast of Madagascar is disappearing and

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no one here understands why.

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This is Nosy Andragnambala, a tiny fishing
community off the coast of East Africa. It`s

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home to only a few dozen people, and among
them are Hary and

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Lydia, who are raising six children.

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This family knows this reef better than anyone.
And until recently, they never saw coral this

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damaged. Extreme heat this year has caused
coral all

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around the world to start to suffocate and
turned ghostly white. The aftermath looks

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like a disaster zone, or the ruins of an ancient
city. No

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one here can make sense of it.

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Scientists do know what`s going on. Divers
survey these waters during a heat wave in

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April, and they say that about 70 percent
of their reef here

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was damaged by the high temperatures.

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The family`s response to the vanishing coral,
work harder. Hary and his sons cast lines

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deep into the ocean while Lydia walks the
reef flats in

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search for octopus.

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These skills are passed between generations.
Hary and Lydia are Vezo, and that name means

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"at struggle with the sea". It`s hard to imagine
people

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who are more connected to the water.

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There`s no fresh water, electricity or school
out here. There`s no plan B. It`s too expensive

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for Hary and Lydia to give their kids an education
off

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the island. So, the kids simply must learn
to fish and sail.

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It`s a life many here would never trade and
its one that brings plenty of joy to Harry,

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Lydia and their family.

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This song is about their love for the reef
and their efforts to protect it.

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A company that was once the Internet`s "king
of the hill" is now set to be sold for a fraction

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of its former value if the sale actually goes

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through. We`re talking about Yahoo. It`s in
the process of being sold to communications

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company Verizon.

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If and when the sale is complete, Yahoo just
announced that its CEO plans to resign from

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her job. The company`s cofounder is stepping
down. Some

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other executives are leaving. And they plan
to change Yahoo`s name to Altaba.

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There`s still doubt about the Verizon deal,
though, in large part because last month,

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Yahoo announced it had been hacked back in
2013 when was likely

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the biggest Internet hack ever. Another major
setback for a once dominant company.

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At its peak, Yahoo is more than $100 billion.
Now, Verizon is buying it for just $4.8 billion.

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For Yahoo, it`s been 16 years of missteps
and mistakes.

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Here`s a brief story of the website`s rise
and fall.

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Founded by Jerry Yang and David Filo, the
website Yahoo.com was launched in January

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1995 and the company was incorporated in March.
Yahoo started as a

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pordo (ph) or an index to the new and growing
World Wide Web.

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When the company went public in 1996, founders
Yang and Filo became instant billionaires.

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By 1997, Yahoo was the second most popular
website on the

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Internet, behind only AOL.

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The dotcom bursts was the beginning of the
end for Yahoo. Stock dropped from $118.75

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to just $4.06.

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REPORTER: In hindsight, it appears so obvious.
The internet-mania was a giant bubble. Yahoo

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is the most visited on the Internet, but it`s
not

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number one when it comes to search. That`s
Google. About two-thirds of all Internet searches

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take place on Google. It`s the most money
ever

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offered for an internet company, $44 billion.

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BURKE: Yahoo`s board rejects a bid from Microsoft,
saying the proposal substantially undervalues

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Yahoo. But the company was never worth that
much

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again.

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Four CEOs in just six years didn`t help investor
confidence in the brand either. Finally, former

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Google executive Marissa Mayer was hired to

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transform Yahoo.

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For me, it`s God, family and Yahoo.

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Mayer`s early efforts focused on making Yahoo
cool again. Yahoo invested heavily in mobile,

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acquired popular social sites and updated

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Yahoo`s look.

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Perhaps the one bright light at Yahoo was
its 32 percent stake in Chinese retail giant

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Alibaba. Mayer tried to sell the stake in
2015 but it never

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happened.

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It`s been a long, painful fall for the once
mighty Yahoo.

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To the kids in the neighborhood of South Jordan,
Utah, at least one dad gets a perfect "10

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Out of 10".

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A snowstorm hit right after Christmas, inspiring
them to build a snow slide. But the man who

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owns this yard has 15 children, so they keep
going

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until they built their very own luge, a 300-foot-long
masterpiece that gave a ride lasting longer

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than 20 seconds.

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It started to melt away in the recent warm
spell, and after enjoying a deluge of popularity,

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the slide lost its cool before luging its
appeal.

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Guess the cold`s only around for snow-long,
you really got to make the choice to use it

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or luge it.

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I`m Carl Azuz, and you got nothing to lose
by joining us again tomorrow on CNN 10.

CNN 10 Student News- January 11, 2017- English Sub

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