Saturday, November 24, 2012

#368 (11/24) - The Story Behind Black Friday Deals

A BLOG NOTE: If you've looked to the right of this blog page, you've notice large gaps of empty space after the first several entries. I don't know why, but  for some reason since recently, I cannot remove those gaps NOR type any new text but one letter at a time. Please PRAY that this might be reseolved soon. In the meantime, please scroll down to almost the very end of that column to find instructions on a) how to post your comments, b) how to contact your Congressional representatives, and c) websites AND THEN books I highly recommend. (You can email me at: yonashiro@bellsouthl.net)
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DECLARE YOUR SUPPORT FOR ISRAEL: I encourage you to go to the site below and consider signing the petition to Israel Prime Minister Benjamin Netanyahu declaring your support for Israel especially as it again faces a threat to its very survival. The petition is presented by the Christian group Liberty Counsel.  http://www.libertyaction.org/370/petition.asp?Ref_ID=18588&CID=370&RID=37375064  AND of course, try toPRAY daily for Israel.

PRAYER REQUEST: "Cease-Fire Between Israel and Hamas Holding "(Thursday, November 22, 2012) http://www.presidentialprayerteam.com/Prayerwatch?pw=905

A fragile cease-fire between Israel and Hamas continued to hold Thursday as Gaza residents began clearing rubble from bombed out areas.

Work crews were busy repairing damaged electrical wires and collecting garbage while shop owners assed the damage from eight days of counter attacks from the Israeli military, launched in retribution for Palestinian rocket attacks. President Barack Obama hailed the Egyptian-brokered agreement ending the fighting that killed more than 140 Palestinians and five Israelis. A White House spokesman says Obama talked to Israeli Prime Minister Benjamin Netanyahu and commended him for agreeing to the ceasefire proposal. The agreement came after two days of shuttle diplomacy involving Secretary of State Hillary Clinton and makes Egypt a key player in keeping the peace. The agreement will "improve conditions for the people of Gaza and provide security for the people of Israel," Clinton said at the Cairo news conference announcing the accord.
(Sources: AP, CBS)

As the Lord leads, please pray:

  • For continued peace in the Middle East and that both sides will honor the agreement
  • That the U.S. will continue to stand with Israel and their right to defend themselves
  • That world powers and militant organizations will recognize Israel’s right to exist and defend themselves.
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NOTE: I wasn't planning to go to any Black Frday sales (as I never have) but then I found a one-day sale of pet food for my cat on the internet yesteday and  so there I was just after 7 a.m. this morning at my local pet store. Praise God I didn't have to deal with any crowds or parking problems but wow! was it cold!!  Be sure to check tomorrow's post for a special re-post of my answer to  the annual Christmas shopping craziness.

"Looking for Black Friday Deals?" - By Katherine Elliott  Novembe 23, 2012  http://blog.heritage.org/2012/11/23/looking-for-black-friday-deals/

Would it surprise you to know that many of the Black Friday items for sale that cause so much frenzy are highly overpriced due to tariffs?

Black Friday, of course, is the day when hundreds of people wait outside of stores hours ahead of their opening to get a steal on sale-priced merchandise. In 2011, a record $52.4 billion was spent on Black Friday weekend, compared to $45 billion in 2010, according to the National Retail Federation. Just last year, two people were shot and 15 were pepper sprayed on Black Friday.

The most sought-after items on Black Friday are clothing, electronics, and home decor. Clothing and clothing accessories comprised 51.4 percent of all the items bought on Black Friday last year.
Clothing also has one of the highest tariffs of all items bought on Black Friday. Individuals who would benefit the most from lower prices face the highest tariffs, because lower-end items are taxed more heavily than higher-end items. For example, clothing made of polyester can be taxed at upwards of 32 percent, while clothing made of cashmere is taxed at a mere 4 percent.

As Ed Gresser at Progressive Economy has pointed out, with the exception of free trade agreements, no tariff elimination bills have passed Congress in almost 100 years. President Woodrow Wilson’s tax reform acts in 1913 are the most recent.

So while Americans fight in a frenzy to get the best deals on Black Friday, they won’t be saving as much as they think because of high U.S. tariffs. That’s the real steal.

[bold and italics emphasis mine]

Katie Elliott is currently a member of the Young Leaders Program at The Heritage Foundation.  

PRAYER REQUEST:  As the Lord leads, please pray:
  • That Americans would be conscientious about purchases, and good stewards of their money.
  • That Americans would not add to their load of debt by overuse of credit cards.

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