Black Friday Madness Hits British Shores

Anyone who reads the Oliver Rawlings Blog knows that I find modern culture fascinating; some of the things that people do in the modern world defy belief and they make fascinating subjects to debate and analyse.

That’s why the American concept of Black Friday has fascinated me for years. For those of you out there who’ve ever watched an American Thanksgiving special, you’ll know what Black Friday is.  It’s the day after Thanksgiving where American stores put on the craziest, most aggressive of discounts in order to draw in the American shopping public. It always works; after all American’s love a good bargain. It’s basically a day in the year where American companies find new ways to sell stuff. It is a tradition that has been around for years; however it’s only been known as Black Friday for the past two decades. It has now become the most lucrative shopping day of the year.

This is something we’re used to by now; we hear about it every time this time of year rolls around. What we’re not used to is Black Friday hitting our stores. Yes, that’s right; we’ve officially been taken over. It started with Cyber Monday, a similar online tradition to Black Friday where online retailers offer similar types of deals for customers. That one’s gained a little traction over here. Now we’ve got Black Friday. Asda, the supermarket chain owned by American giant Wal-Mart can be particularly noted for putting on Black Friday offers. People have been practically biting Asda’s hands off this year to take advantage of these amazing deals.

On the one hand this is certainly a good thing for our economy. We are only just recovering from the global economic crash that devastated us all in 2008. Consumerism drives the economy; it always has. America has benefitted economically from Black Friday for years; the fact it’s the biggest shopping day of the year means that in this one day alone millions of dollars are injected into the American market every time Black Friday rolls around.

However there is a dark side to it. Every year in America there are always instances of violence attached to Black Friday, without fail. This year alone there were at least two incidents on Black Friday across the pond that involved the use of guns. This year we’ve seen a few incidents of violence here that police have had to come in and sort out. Consumers can get violent when they really want something. Do we really want this spreading over to us?

Whether we want it or not, Black Friday is crossing over to Britain; there’s little we can do to stop it. Progress always brings trouble; however by its very definition it also brings growth and change. Considering the fact our economy is only just beginning to recover, maybe it’s something we need right now?

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US Shutdown: Hurray it’s Over… What Does This Mean

Hello Oliver Rawlings followers! Last Thursday morning I woke up anxious, looking to see whether the world economy had been pulled from the brink of disaster; in other words I was looking to see if the US Debt crisis had been resolved before the US economy had hit the $16.7 trillion debt ceiling, which it was due to hit that day. Thankfully, a deal had been reached. Current affair junkies around the world breathed a huge sigh of relief; the US economy wouldn’t drag us all into another global financial crisis.

As the largest economy in the world (China hasn’t quite caught up yet, give them a decade or two) if the US had defaulted on their debts to international creditors it would have been dire. Some Republicans tried to suggest it wouldn’t be, saying it would force the US to live within its means, but it really would have been, as US capital vital for continuing the international economic recovery. So, what does this all mean?

Well, unfortunately the legislation agreed on is hardly life changing. It doesn’t really do much. The whole situation came about in the first place because hard liners in the US Republican controlled House of Representatives saw first the 1^st October deadline to agree funding for US government and secondly the 17^th October Debt ceiling deadline as chance to strip funding from the Obamacare initiative (a plan to ensure healthcare for every American). They grappled with President Obama and the Democratic controlled Senate. The 1st October deadline passed; non-essential government departments shut down, the world worried. They eventually came to a deal and the Republicans gave up the Obamacare fight with only one minor concession.

However when you look at the plan itself, you realise that not much has actually been solved, rather, as many US commentators are saying, the metaphorical can has been kicked up the road, to be dealt with at a later date. The debt ceiling has been extended until 7^th February 2014 and the government has been funded until 15^th January. This has happened before, it happened during a similar fiscal crisis between the Representatives and the rest of the legislature in 2011. Back then a number of ‘cuts’ to public spending were endorsed; however a closer look discovered that they were mostly phantom cuts that didn’t really do anything.

So many people are now saying that it’s only going to be a (short) matter of time until we have to deal with all of this all over again. Quite frankly when we look at the history, there is a likelihood of this, that we’re going to go through this drama all over again. The only bright spark on the horizon is that the agreement featured the promise to create a committee comprised of all parties to prevent these events recurring. The only question now is, can both sides finally put aside their differences and actually agree on something?

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