http://edition.cnn.com/2006/EDUCATION/05/17/transcript.thu/index.html http://tinyurl.com/h5rj2 Transcript THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. MONICA LLOYD, CNN STUDENT NEWS ANCHOR: Hi, I'm MONICA LLOYD, and you've found Thursday's edition of CNN Student NEWS. Reconstruction continues on New Orleans' levees. But will they be in shape to protect the city if a hurricane hits this summer? Bells are rung, alarms are sounded. It's all part of a drill to keep Pacific nations safe, in case a tsunami rages their way. And it was the final voyage of the USS Oriskany. But the ship will continue to be a tourist destination for decades. We'll tell you how. First Up: New Orleans Levees LLOYD: The Atlantic Hurricane Season officially starts in two weeks. And one big question is: Will New Orleans be ready? When Hurricane Katrina hit last August, water spilled over some of the levees that protect the bowl-shaped city. About 80 percent of New Orleans was flooded by filthy water as much as 20 feet deep. Engineers have been working since then to rebuild the levees. But, as Sean CALLEBS reports, there's still work to be done. (BEGIN VIDEO CLIP) SEAN CALLEBS, CNN REPORTER: He's gutting his house. But, Brian Bonura has no plans to move back in....at least not this year. Especially, he says, now that the Army Corps of Engineers admits construction on floodgates and levees will not be finished when hurricane season starts June first. BRIAN BONURA: I don't feel safe coming back to this area right now. I'd rather be somewhere else....and come here and work in it...and hopefully in the future it will be safe to come back and live here again. CALLEBS: Colonel Lewis Setliff is in charge of the federal project to repair the levee system, dubbed Task Force Guardian. COL. LEWIS SETLIFF, ARMY CORPS OF ENGINEERS: We're gonna be very anxious. But I'll tell you... If these systems are never tested I'll be very happy. CALLEBS: It will be at least a month until repairs are done. But local residents like Bonura and his business partner Mike Palmisano say they, like others, will sweat out the entire hurricane season. MIKE PALMISANO: They don't feel safe. Just think about it, you are not going to pour money into an area when you know that there is a potential problem for this levee to go ahead and break again. CALLEBS: And despite months of work here, the "what if" factor has the Corps concerned. SETLIFF: We don't know the frequency....the dynamics involved.... Is there another Hurricane Katrina coming? But I do know that the system that we're building will prevent catastrophic failure. CALLEBS: The Army Corps of Engineers says this city will be safer on June first than it was before Katrina last year. But for the legions of residents who endured the wrath after the storm, that is little comfort. And with some 350 miles of levees in and around this area, it's safe to say it will be an anxious hurricane season. Sean CALLEBS, CNN, New Orleans. (END VIDEO CLIP) Shoutout CARL AZUZ, CNN STUDENT NEWS REPORTER: Time for the Shoutout! What is the world's biggest ocean? If you think you know it, shout it out! Is it: A) Pacific, B) Atlantic, C) Arctic or D) Indian? You've got three seconds--GO! Believe it or not, the Pacific Ocean is bigger than the Atlantic, Arctic and Indian Oceans put together! That's your answer and that's your Shoutout! Tsunami Drill LLOYD: From Singapore to Guam, tsunami alarms went off yesterday. It was only a drill. Just as you head outside during a school fire drill, people in the western Pacific practiced for a possible tsunami by heading for higher ground. It's been about a year-and-a-half since a massive wave killed more than 200,000 people in the region. Andrew Stevens describes an exercise authorities hope will prevent that from ever happening again. (BEGIN VIDEO CLIP) ANDREW STEVENS, CNN REPORTER: This alarm bell rings and villagers respond - hurriedly evacuating their homes in the coastal Philippines town of Buhatan. And similar alerts go out across the pacific as a carefully coordinated drill goes into play. While the fear of another deadly tsunami is real, the threat this time, is not. The drill was organized by the Pacific Tsunami Warning Center in Hawaii, which sent out a mock alert of a nine-point two magnitude earthquake, striking near the coast of Chile, sending a tsunami wave as high as 10 meters across the Pacific. The Philippines is one of more than two-dozen nations taking part in the test. Designed to check how fast warnings can be relayed down emergency alert systems across the Pacific. But while this is the first time such a drill has taken place, a warning system has been around since 1965. CHARLES S. MCCREERY, PACIFIC TSUNAMI WARNING CENTER DIRECTOR: Although we have had a system in the Pacific all of these years, the interest in maintaining that system by all of the countries being prepared had waned because it has been over forty years since we had our last destructive, distant-like tsunami in the Pacific, so this was a golden opportunity to try and bring that level of preparedness back up. STEVENS: An early warning system is being developed in the Indian Ocean which could be modeled on this design. It took a destructive tsunami to serve as a reminder that preparedness can save hundreds of thousands of lives. Andrew Stevens, CNN, Hong Kong. (END VIDEO CLIP) Off the List LLOYD: The U.S. said this week that it's restoring diplomatic relations with Libya, for the first time since 1979. That was when Washington listed Libya as a sponsor of terrorism. The North African country was held responsible for the bombing of a U.S. passenger jet over Lockerbie, Scotland in 1988 and other terrorist attacks. David Ensor tells us what's changed since then. (BEGIN VIDEO CLIP) DAVID ENSOR, CNN REPORTER: The announcement means that Libya's unpredictable leader Moammar Gadhafi can reopen his Embassy in Washington after 27 years and the U.S. will reopen one in Tripoli. Libya will also be dropped from the State Department list of nations supporting terrorism. The move came after Libya turned over its weapons of mass destruction parts and programs to U.S. and British scientists and intelligence officers--an example Bush administration officials hope Iran and North Korea will follow. PAULA DESUTTER, ASSISTANT SECRETARY OF STATE: It is demonstrated that a country that we had perhaps even worse relations with than what we have with Iran, can make a decision to abandon weapons of mass destruction and make other changes without having to have regime change in order to move relations forward. ENSOR: The other changes include Gadhafi allowing Libyan agents to stand trial for the 1988 bombing of Pan Am 103 over Lockerbie, Scotland and then paying most of two point seven billion dollars in compensation to the 270 victims' families and others. The rest is now due. One woman who lost her husband in Pan Am 103 says regime change in Libya should have preceded restoring diplomatic relations: STEPHANIE BERNSTEIN, WIDOW: I think it is a sad day for the United States. I think it is a horrendous day for the people of Libya, who are going to perceive this as a vote of confidence in their leader. ENSOR: Some victim's survivors argue the decision is really about oil, since Libya has major reserves, but most analysts say--not so: AMBASSADOR ED DJERIJIAN, BAKER CENTER AT RICE: That's obviously a factor, but it's not the single factor. The major factor is that this Arab leader has changed course. ENSOR: The Bush administration hopes the move is an object lesson for Iran's mullahs that says: 'you can give up support for terror and weapons of mass destruction and still stay in power.' But Iran may be tougher to convince than Libya because there is much less of an international consensus against it. David Ensor, CNN, Washington. (END VIDEO CLIP) Fact Check: Libya STAN CASE, CNN REPORTER: The stage was set for the collapse of U.S. diplomatic ties with Libya in 1979. A mob chanting pro-Iran slogans set fire to the American embassy in Tripoli. Washington's response was quick: Libya was designated as a state sponsor of terrorism and all embassy staff members were withdrawn. What followed were several years of confrontation. In 1981, U.S. jets shot down two Libyan fighter planes that had fired on them during a naval exercise in the Gulf Sidra. Five years later, President Reagan ordered an air strike on Tripoli, including the home of Libyan leader Moammar Qaddaffi. At least 15 people were killed. The attack was in retaliation for Libyan involvement in a West Berlin bombing that killed two American servicemen. In 1988, Pam Am flight 103 exploded over Lockerbie, Scotland. Libya was implicated in the terrorist act. Relations gradually began to improve more than a decade later when Libya accepted responsibility for the bombing. Libya handed over two suspects in the bombing and agreed to pay nearly three billion dollars to the families of the victims. A key breakthrough came in 2003 following the overthrow of Saddam Hussein. Libya agreed to give up its program of weapons of mass destruction. A year later, the U.S. resumed limited diplomatic ties and formally ended a trade embargo. Before We Go LLOYD: Before we leave you... This is how you go from aircraft carrier, to underwater reef. The USS Oriskany was blasted and flooded yesterday. The decommissioned navy ship now rests two hundred feet under the sea, not far from Florida's panhandle. It's expected to become the world's largest artificial reef. Oriskany was named for a revolutionary war battle. It was first sent out in 1950 to take part in the Korean War. The veterans who once sailed aboard Oriskany say they're sad to see her go, but glad she's not being used for scrap. Goodbye --

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