The First Draft: Friday, Nov 28

November 28, 2008

If Thanksgiving is over, it must be time for “Black Friday”. The big question this year is — will the traditional start to the holiday shopping season be a good one given the bleak economic picture? 
 
Retailers sure hope so, and they have slashed prices and offered incentives to lure shoppers to their store.
 
Terry Lundgren, chief executive of Macy’s said about 5,000 people had lined up outside the flagship Herald Square store which he called “encouraging” though he admitted in an interview on “Good Morning America” it’s been a “challenging period” for retailers like Macy’s.
 
“For retailers, this is the playoffs,” he said. “Starting now through the week after Christmas … We have much more aggressive pricing than we have in previous years.”
 
The state of the U.S. economy is on the minds of many — even al Qaeda.
 
Al Qaeda’s second-in-command published an Internet video saying the U.S. financial crisis was caused by Washington’s military campaigns in Iraq and Afghanistan.
 
In India, commandos took control of Mumbai’s Trident-Oberoi hotel but battles raged on with militants who were still holed up in another luxury hote, the Taj Mahal, and a Jewish center with about half a dozen foreign hostages.
 

After two days, the siege at two hotels and a Jewish center neared its end amid gunfire and more deaths. Police said so far at least 121 people have been killed.

3 comments

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How sick is the media with their mentality? There is no news about Pakistan above, but because of their bais they have tag it with Pakistan. I am glad that this financial mess will knock out media which always report with a twist on the story for the political gains for a minority group who rules the world by proxy.

Posted by Adam | Report as abusive

Look Al Qaeda is saying things to get the American people to turn on their own fighting men and women because if we are pulled out of Iraq, and Afghanistan they know that it will leave us open for attacks on our own soil so that is what they want, they wont attack us so long as we are over there, because if they do our troops are going to respond with full force destroying anything in their path.

Posted by Robert | Report as abusive