Leading U.S. Democrat Durbin embraces future Medicare reforms

WASHINGTON (Reuters) – Assistant Senate Democratic Leader Dick Durbin, one of U.S. President Barack Obama‘s leading allies, urged fellow liberals on Tuesday to consider reforming the Medicare and Medicaid healthcare programs that they have long fought to shield from cuts.

“Progressives should be willing to talk about ways to ensure the long-term viability of Medicare and Medicaid” programs for the elderly and poor, Durbin said in excerpts of a speech he is to deliver later in the day.

Most Democrats have avoided talking about cutting these two “entitlement” programs, which have been adding to U.S. budget deficits because of the growing numbers of participants and escalating healthcare costs.

Instead, Obama and Democrats in Congress mostly have stressed the need to raise income taxes on the wealthy as part of renewed efforts to reduce budget deficits that have topped $ 1 trillion in each of the past four years.

Lately, Durbin has made high-profile remarks about eventually reducing Medicare and Medicaid costs, just as Republicans have begun talking about raising revenues as part of a tax overhaul effort next year.

On Sunday, Durbin raised the possibility of Democrats accepting Medicare reforms to make higher-income seniors pay more for their care. He made his remarks on ABC’s “This Week” program.

The Illinois senator said, however, that the debate over Medicare and Medicaid should not be part of the more immediate negotiations on averting the “fiscal cliff” of steep tax hikes and spending cuts.

“Meaningful reforms can protect the vulnerable and improve care and efficiency, leaving the programs stronger for future generations,” Durbin said in excerpts of the speech he is to deliver at the Center for American Progress, a liberal think tank.

Durbin’s remarks sought to foster productive talks aimed at averting on January 1 the fiscal cliff, the start of about $ 600 billion worth of tax hikes and automatic spending cuts that could shove the nation into a recession early next year if allowed to go forward.

The key battle pits Republican demands for deep spending cuts against Democrats’ insistence on tax hikes for the wealthiest Americans.

“We can and we should avoid ‘the fiscal cliff’ by acting now – before January 1st – to extend middle class tax cuts for 98 percent of the American people and allow the tax cuts to expire for those earning over $ 250,000 a year,” Durbin said.

Republicans could block any bill that does not extend all tax cuts. But after January 1, with all tax cuts expired, Democrats could draft a bill that cuts taxes only for those earning up to $ 250,000, cranking up pressure on Republicans to go along.

Durbin said decisions on Medicare and Medicaid should not be put off too long.

“Putting the discussions off indefinitely makes our choices harder, our success less likely and negative effects on current beneficiaries a near certainty,” he said.

(Reporting by Thomas Ferraro; Editing by Jackie Frank)

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Let the fiscal cliff road show begin

President Barack Obama and Republican House Speaker John Boehner meet at the White House on November 16 to discuss …President Barack Obama is ramping up efforts to win over Americans — and pressure Congress — on the fiscal cliff, with events at the White House and on the road to argue for the expiration of Bush-era tax cuts chiefly benefiting the rich.

The response from his chief Republican foes? On Tuesday morning, Republican Senate Minority Leader Mitch McConnell portrayed the president's outreach effort as an unserious distractions from negotiations with Congress. But minutes after his sharp-tongued criticism, Republican House Speaker John Boehner's office announced that Republicans would be countering the president's road-show with one of their own.

Obama was meeting Tuesday behind closed doors with 15 small-business owners from the retail, construction, and health care information technology sector.  On Wednesday the president planned to showcase Americans who would be affected if no deal can be reached to extend middle-class tax cuts. On Friday, Obama was to travel to the Philadelphia suburb of Hatfield to make a speech at the Rodon Group manufacturing facility there (Rodon is the only American maker of K'NEX Brands, which include Tinkertoy, K'NEX, and Angry Bird Building Sets).

"In other words, rather than sitting down with lawmakers of both parties and working out an agreement, he's back out on the campaign trail, presumably with the same old talking points we're all familiar with," McConnell said in a speech on the Senate floor. "Look: we already know the President is a very good campaigner. What we don't know is whether he has the leadership qualities necessary to lead his party to a bipartisan agreement on a big issue likes this."

But 26 minutes after a transcript of McConnell's remarks landed in reporters' in-boxes, Boehner's office made it clear that House Republicans would also be taking their sales pitch on the road.

"Republicans understand that we must avert the fiscal cliff and have laid out a framework to do so that is consistent with the 'balanced' approach the President says he wants," Boehners spokesman Brendan Buck said. Buck accused some Democrats of having "downplayed the danger of going over the cliff" and ruling out "sensible spending cuts," notably overhauls of popular entitlement programs like Medicare or Medicaid.

"House Republicans will be taking our message to small businesses across America," a Republican aide said in an email. "In the coming days and weeks, members will hold events and visit local small businesses to emphasize the threat to jobs posed by Congressional Democrats' small business tax hike." (Republicans have warned that Obama's push to let tax cuts expire on income over $200,000 for individuals and $250,000 for families will hit some small businesses, a sector frequently credited with fueling job growth. The president characterizes the tax increase, a centerpiece of his successful reelection campaign, as targeting the wealthiest Americans in order to preserve popular government programs that might otherwise face steep cuts.)

The White House and Congressional Republicans profess eagerness to avoid the "fiscal cliff," an economically toxic blend of tax increases and dramatic spending cuts that will go into effect January 1 unless at deal is reached on a far-reaching deficit-cutting plan (or an agreement is reached to push back what are Congressionally enacted deadlines that lawmakers can un-enact if the president signs on).

Obama spoke to Boehner and Democratic Senate Majority Leader Harry Reid over the Thanksgiving weekend, but Republicans have complained that negotiations are at an impasse. One of the major roadblocks is the fight over whether to let tax rates on higher incomes revert to Clinton-era levels — the president basically campaigned on raising those taxes, Republicans vowed to resist. The fiscal cliff fight could shape the direction of the nation's spending for a decade — and it certainly amounts to Obama's first major test of post-election clout.

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UN climate talks open in Qatar

DOHA, Qatar (AP) — U.N. talks on a new climate pact resumed Monday in oil and gas-rich Qatar, where negotiators from nearly 200 countries will discuss fighting global warming and helping poor nations adapt to it.

The two-decade-old talks have not fulfilled their main purpose: reducing the greenhouse gas emissions that scientists say are warming the planet.

Attempts to create a new climate treaty failed in Copenhagen three years ago but countries agreed last year to try again, giving themselves a deadline of 2015 to adopt a new treaty.

A host of issues need to be resolved by then, including how to spread the burden of emissions cuts between rich and poor countries. That’s unlikely to be decided in the Qatari capital of Doha, where negotiators will focus on extending the Kyoto Protocol, an emissions deal for industrialized countries, and trying to raise billions of dollars to help developing countries adapt to a shifting climate.

“We all realize why we are here, why we keep coming back year and after year,” said South Africa Foreign Minister Maite Nkoana-Mashabane, who led last year’s talks in Durban, South Africa. “We owe it to our people, the global citizenry. We owe it to our children to give them a safer future than what they are currently facing.”

The U.N. process is often criticized, even ridiculed, both by climate activists who say the talks are too slow, and by those who challenge the scientific near-consensus that the global temperature rise is at least partly caused by human activity, primarily the burning of fossil fuels like coal and oil.

The concentration of greenhouse gases such as carbon dioxide has jumped 20 percent since 2000, according to a U.N. report released last week.

A recent projection by the World Bank showed temperatures are on track to increase by up to 4 degrees C (7.2 F) this century, compared with pre-industrial times, overshooting the 2-degree target that has been the goal of the U.N. talks.

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Rolling Stones turn back clock with hit-filled comeback

LONDON (Reuters) – The Rolling Stones turned back the clock in style on Sunday with their first concert in five years, strutting and swaggering their way through hit after familiar hit to celebrate 50 years in business.

Before a packed crowd of 20,000 at London‘s O2 Arena, they banished doubts that age may have slowed down one of the world’s greatest rock and roll bands, as lead singer Mick Jagger launched into “I Wanna Be Your Man”.

More than two hours of high-octane, blues-infused rock later, and they were still going strong with an impressive encore comprising “You Can’t Always Get What You Want” and “Jumpin’ Jack Flash”.

In between there were guest appearances from American R&B singer-songwriter Mary J. Blige, who delivered a rousing duet with Jagger on “Gimme Shelter” and guitarist Jeff Beck who provided the power chords for “I’m Going Down”.

Former Rolling Stones Bill Wyman and Mick Taylor were also back in the fold, performing with the regular quartet of Jagger, Ronnie Wood and Keith Richards on guitar and Charlie Watts on drums for the first time in 20 years.

“It took us 50 years to get from Dartford to Greenwich!” said Jagger, referring to their roots just a few miles from the venue in southeast London. “But you know, we made it. What’s even more amazing is that you’re still coming to see us…we can’t thank you enough.”

The Sunday night gig was the first of two at the O2 Arena before the band crosses the Atlantic to play three dates in the United States.

The mini-tour is the culmination of a busy few months of events, rehearsals and recordings to mark 50 years since the rockers first took to the stage at the Marquee Club on London‘s Oxford Street in July, 1962.

There has been a photo album, two new songs, a music video, a documentary film, a blitz of media appearances and a handful of warm-up gigs in Paris.

“STYLE AND PANACHE”

The reunion nearly did not happen. One factor behind the long break since their record-breaking “A Bigger Bang” tour in 2007 has been Wood’s struggle with alcohol addiction, while Jagger and Richards also fell out over comments the guitarist made about the singer in a 2010 autobiography.

But they eventually buried the hatchet, and Richards joked in a recent interview: “We can’t get divorced – we’re doing it for the kids!”

Critics were fulsome in their praise of the first comeback gig.

“Keith Richards has said that the beauty of rock and roll is that every night a different band might be the world’s greatest. Well, last night at the O2 Arena, it was the turn of the Rolling Stones themselves to lay claim to the title they invented,” wrote Neil McCormick of the Daily Telegraph.

“And they did it with some style and panache.”

The big question on every fan’s lips is whether the five concerts lead to a world tour and even new material. The Stones sang their two new tracks “Doom and Gloom” and “One More Shot”, which appeared on their latest greatest hits album “GRRR!”.

Richards has hinted that the five concerts ending at the Newark Prudential Center in the United States on December 15 would not be the last.

“Once the juggernaut starts rolling, it ain’t gonna stop,” he told Rolling Stone magazine. “So without sort of saying definitely yes – yeah. We ain’t doing all this for four gigs!”

The band has come in for criticism from fans about the high price of tickets to the shows – they ranged from around 95 pounds ($ 150) to up to 950 pounds for a VIP seat.

The flamboyant veterans, whose average age is 68, have defended the costs, saying the shows were expensive to put on, although specialist music publication Billboard reported the band would earn $ 25 million from the four shows initially announced. A fifth was added later.

“Everybody all right there in the cheap seats,” Jagger asked pointedly as he looked high to his left at the arena. “They’re not really cheap though are they? That’s the trouble.”

Among the biggest cheers on the night were for classics including “Wild Horses”, “It’s Only Rock and Roll” and “Start Me Up”.

There was even time for the odd reference to their advancing years.

“Good to see you all,” said Richards with a mischievous grin. “Good to see anybody.”

(Reporting by Mike Collett-White, editing by Paul Casciato)

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Bounce House Injuries Ballooning

Bounce house injuries can quickly deflate a party. And according to a new study, they’re on the rise.

More than 11,300 children were treated for bounce house-related injuries in 2010, double the number from 2008 and 16 times the number from 1995, according to the study published today in the journal Pediatrics.

That “equals a child every 46 minutes nationally,” wrote the authors from the Center for Injury Research and Policy at Nationwide Children’s Hospital in Columbus, Ohio. “This epidemic increase highlights the urgency of addressing the prevention of inflatable bouncer-related injuries among children.”

More than half of the bounce house injuries were fractures, sprains and strains, according to the study, followed by injuries to the head, neck and face. Falling was the most common cause of injury, followed by collisions with other jumpers.

The types of injuries land the colorful castles next to trampolines in terms of safety concerns, according to the study.

“In 2012, the American Academy of Pediatrics reaffirmed its recommendation against any home or other recreational usage of trampolines and recommended use only as part of a structured training program with appropriate safety measures employed,” the study authors wrote. “Policy makers must consider whether the similarities observed in bouncer-related injuries warrant a similar response.”

The reason for the rise in bounce house injuries is unclear, but the study authors suggest a jump in popularity, as well as changes to their design might be to blame.

In June 2011, strong winds lifted three bounce houses off the ground at a youth soccer tournament in Oceanside, N.Y., injuring 13 children.

The study authors say rise in injuries “underscores the need for guidelines for safer bouncer usage and improvements in bouncer design to prevent these injuries among children.”

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SEC chair Mary Schapiro leaving post

President Barack Obama announced Monday he had picked Securities and Exchange Commissioner Elisse Walter to replace outgoing chair Mary Schapiro, who plans to step down in mid-December. Schapiro has helmed the agency since January 2009, winning confirmation with the economy shaken to its core by the global financial meltdown.

Walter is a former top official of the Financial Industry Regulatory Authority, Wall Street's industry-funded watchdog. She does not need Senate confirmation to her new post.

The new SEC chair will likely find herself in the thick of a fight over financial industry regulations known as Dodd-Frank. Some Obama aides have said the president hopes to improve aspects of the law, while Republicans insist they want to roll back many of its provisions. And big banks want a say in how the new rules are implemented. 

Obama praise Schapiro for her stewardship of the SEC during a critical time.

"When Mary agreed to serve nearly four years ago, she was fully aware of the difficulties facing the SEC and our economy as a whole," Obama said in a statement. "But she accepted the challenge, and today, the SEC is stronger and our financial system is safer and better able to serve the American people — thanks in large part to Mary's hard work."

"I'm confident that Elisse's years of experience will serve her well in her new position, and I'm grateful she has agreed to help lead the agency," the president said.

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Egypt’s Mursi faces judicial revolt over decree

CAIRO (Reuters) – Egyptian President Mohamed Mursi faced a rebellion from judges who accused him on Saturday of expanding his powers at their expense, deepening a crisis that has triggered violence in the street and exposed the country’s deep divisions.

The Judges’ Club, a body representing judges across Egypt, called for a strike during a meeting interrupted with chants demanding the “downfall of the regime” – the rallying cry in the uprising that toppled Hosni Mubarak last year.

Mursi’s political opponents and supporters, representing the divide between newly empowered Islamists and their critics, called for rival demonstrations on Tuesday over a decree that has triggered concern in the West.

Issued late on Thursday, it marks an effort by Mursi to consolidate his influence after he successfully sidelined Mubarak-era generals in August. The decree defends from judicial review decisions taken by Mursi until a new parliament is elected in a vote expected early next year.

It also shields the Islamist-dominated assembly writing Egypt’s new constitution from a raft of legal challenges that have threatened the body with dissolution, and offers the same protection to the Islamist-controlled upper house of parliament.

Egypt’s highest judicial authority, the Supreme Judicial Council, said the decree was an “unprecedented attack” on the independence of the judiciary. The Judges’ Club, meeting in Cairo, called on Mursi to rescind it.

That demand was echoed by prominent opposition leader Mohamed ElBaradei. “There is no room for dialogue when a dictator imposes the most oppressive, abhorrent measures and then says ‘let us split the difference’,” he said.

“I am waiting to see, I hope soon, a very strong statement of condemnation by the U.S., by Europe and by everybody who really cares about human dignity,” he said in an interview with Reuters and the Associated Press.

More than 300 people were injured on Friday as protests against the decree turned violent. There were attacks on at least three offices belonging to the Muslim Brotherhood, the movement that propelled Mursi to power.

POLARISATION

Liberal, leftist and socialist parties called a big protest for Tuesday to force Mursi to row back on a move they say has exposed the autocratic impulses of a man once jailed by Mubarak.

In a sign of the polarization in the country, the Muslim Brotherhood called its own protests that day to support the president’s decree.

Mursi also assigned himself new authority to sack the prosecutor general, who was appointed during the Mubarak era, and appoint a new one. The dismissed prosecutor general, Abdel Maguid Mahmoud, was given a hero’s welcome at the Judges’ Club.

In open defiance of Mursi, Ahmed al-Zind, head of the club, introduced Mahmoud by his old title.

The Mursi administration has defended the decree on the grounds that it aims to speed up a protracted transition from Mubarak’s rule to a new system of democratic government.

Analysts say it reflects the Brotherhood’s suspicion towards sections of a judiciary unreformed from Mubarak’s days.

“It aims to sideline Mursi’s enemies in the judiciary and ultimately to impose and head off any legal challenges to the constitution,” said Elijah Zarwan, a fellow with The European Council on Foreign Relations.

“We are in a situation now where both sides are escalating and its getting harder and harder to see how either side can gracefully climb down.”

ADVISOR TO MURSI QUITS

Following a day of violence in Cairo, Alexandria, Port Said and Suez, the smell of tear gas hung over the capital’s Tahrir Square, the epicentre of the uprising that toppled Mubarak in 2011 and the stage for more protests on Friday.

Youths clashed sporadically with police near the square, where activists camped out for a second day on Saturday, setting up makeshift barricades to keep out traffic.

Al-Masry Al-Youm, one of Egypt’s most widely read dailies, hailed Friday’s protest as “The November 23 Intifada”, invoking the Arabic word for uprising.

But the ultra-orthodox Salafi Islamist groups that have been pushing for tighter application of Islamic law in the new constitution have rallied behind Mursi’s decree.

The Nour Party, one such group, stated its support for the Mursi decree. Al-Gama’a al-Islamiya, which carried arms against the state in the 1990s, said it would save the revolution from what it described as remnants of the Mubarak regime.

Samir Morkos, a Christian assistant to Mursi, had told the president he wanted to resign, said Yasser Ali, Mursi’s spokesman. Speaking to the London-based Asharq Al-Awsat newspaper, Morkos said: “I refuse to continue in the shadow of republican decisions that obstruct the democratic transition”.

Mursi’s decree has been criticized by Western states that earlier this week were full of praise for his role in mediating an end to the eight-day war between Israel and Palestinians.

“The decisions and declarations announced on November 22 raise concerns for many Egyptians and for the international community,” State Department spokeswoman Victoria Nuland said.

The European Union urged Mursi to respect the democratic process.

(Additional reporting by Omar Fahmy, Marwa Awad, Edmund Blair and Shaimaa Fayed and Reuters TV; Editing by Jon Hemming)

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Psy’s “Gangnam Style” video becomes YouTube’s most viewed

LOS ANGELES (Reuters) – South Korean rap star Psy‘s music video “Gangnam Style” on Saturday became the most watched item ever posted to YouTube with more than 800 million views, edging past Canadian teen star Justin Bieber‘s 2-year-old video for his song “Baby.”

The milestone was the latest pop culture victory for Psy, 34, a portly rap singer known for his slicked-back hair and comic dance style who has become one of the most unlikely global stars of 2012.

Psy succeeded with a video that generated countless parodies and became a media sensation. He gained more fame outside his native country than the more polished singers in South Korea‘s so-called K-Pop style who have sought to win international audiences.

YouTube, in a post on its Trends blog, said “Gangnam Style” on Saturday surpassed the site’s previous record holder, Bieber’s 2010 music video “Baby,” and by mid-day “Gangnam Style” had reached 805 million views, compared to 803 million for “Baby.” Within a few hours, “Gangnam Style” had gone up to more than 809 million views.

“Gangnam Style” was first posted to YouTube in July, and by the following month it began to show huge popularity on YouTube with audiences outside of South Korea.

“It’s been a massive hit at a global level unlike anything we’ve ever seen before,” said the YouTube blog.

The blog also said the “velocity” of the video’s popularity has been unprecedented for YouTube.

In his “Gangnam Style” video the outlandishly dressed, sunglass-wearing Psy raps in Korean and dances in the style of an upper-crust person riding an invisible horse.

The song is named after the affluent Gangnam District of Seoul and it mocks the rampant consumerism of that suburb. Psy, whose real name is Park Jai-sang, is no stranger to wealth as his father is chairman of a South Korean semiconductor company.

His parents sent him to business school in the United States but he confesses that he bought musical instruments with his tuition money. He later graduated from Berklee College of Music in Boston and won fame in South Korea with his 2001 debut album.

The viral success of “Gangnam Style” on YouTube also has translated into strong record sales. In late September, the song jumped to the top of the British pop charts and it also has sold well in other countries.

Popular parodies of the “Gangnam Style” video included one featuring the University of Oregon’s duck mascot, and another done in the “Star Trek” language Klingon.

The official YouTube view count for Gangnam Style represents only the figure for the original video posted to the site, but copycat versions, parodies and videos by people commenting on the song have been posted to the site and elsewhere on the Web.

Counting all those different versions, “Gangnam Style” and its related videos have more than 2.2 billion views across the Internet, said Matt Fiorentino, spokesman for the online video tracking firm Visible Measures.

“Without the dance, I don’t think it would have been as big as it is,” Fiorentino said. “And the other thing is, Psy has a unique sense of humor which comes through in the video. He doesn’t take himself too seriously.”

(Editing by Barbara Goldberg and Bill Trott)

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Experts say Ireland should clarify abortion laws

DUBLIN (Reuters) – Ireland should allow limited access to abortion by clarifying the conditions under which women can terminate pregnancies, experts have concluded in a report that will fuel a debate which has split the country and led to tensions within the coalition.

Abortion was banned in all circumstances in overwhelmingly Catholic Ireland by a 1983 constitutional amendment, but when the ban was challenged in 1992 by a 14-year-old rape victim, the Supreme Court ruled a termination was permitted when the woman’s life was at risk, including from suicide.

Successive governments have however failed to clarify the conditions under which the mother’s life could be judged to be at risk.

The issue has been highlighted in the past fortnight by the death of an Indian woman in Ireland who was denied an abortion of her dying fetus and later died of blood poisoning.

The death of 31-year-old Savita Halappanavar re-ignited the abortion debate in Ireland and highlighted the lack of clarity in Irish law that leaves doctors in the legally risky position to decide when an abortion can be carried out and, critics say, means their personal beliefs can play a role in their decision.

The European Court of Human Rights said in 2010 that Ireland must clarify its law, a ruling which led to the commissioning of the experts’ report well before the death of Halappanavar.

The report, due to be published on Tuesday, but seen by the Sunday Independent and the Sunday Business Post newspapers, emphasized that a woman is still only lawfully entitled to an abortion in Ireland when there is a real and substantial risk to the life of the mother.

But the panel of experts said an appeal process should be set up for women who have been refused an abortion. The group also says that the minister of health should specify particular centers where terminations can take place.

“Leaving not just medics, but women in a very vulnerable position is no longer an option,” Kathleen Lynch, the Irish republic’s junior minister for disability, equality and mental health told Reuters on Sunday.

“We are going to have to act, and act not just responsibly but as quickly as possible,” she said.

The government has scrambled to stem public criticism of its handling of the Halappanavar case and was forced into an embarrassing u-turn this week when it removed three Galway-based consultants from the health service inquiry following criticism from her husband, Praveen Halappanavar.

A new investigation was opened on Friday, but it was rejected by Halappanavar who wants a public inquiry.

The report comes after a wave of anti-abortion protests and lobbying since the panel of experts was set up in January.

Prime Minister Enda Kenny, whose ruling Fine Gael party made an election pledge not to introduce new laws allowing abortion, said last week he would not be rushed into a decision.

The issue has raised tensions between Fine Gael and the more socially liberal Labour Party, its junior coalition partner, which has campaigned for a clarification of the country’s abortion rules.

“I don’t think that any politician on this particular issue is very overjoyed about any of the options that are available, nevertheless, you have to legislate, that’s your job … we have to make sure this time we get it right,” said Labour’s Lynch.

(Editing by Jon Hemming)

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Black Friday sales slip as shoppers opt for Thursday ‘doorbusters’

Security guards break up a fight between shoppers outside a Bowling Green, Ky., Target, Nov. 22, 2012. (AP)

Black Friday, the official kickoff to the holiday shopping season, saw more foot traffic than ever before, according to estimates. But it appears so-called "doorbuster" deals offered the day before dinged sales.

According to ShopperTrak, which tracks retail foot traffic, there were more than 307 million store visits on Friday, up 3.5 percent. But Black Friday shoppers spent an estimated $11.2 billion, down 1.8 percent over 2011, when consumers spent $11.4 billion.

And for once, the sluggish economy is not to blame.

"It is all Black Thursday's fault," ZeroHedge.com said.

[Slideshow: Black Friday madness]

Shopping malls were "less hectic" on Black Friday this year, Bloomberg.com reported, as retailers "have turned Black Friday, once a one-day event after Thanksgiving, into a week's worth of deals and discounts."

And Thursday's deals "attracted some of the spending that's usually meant for Friday," ShopperTrak said.

Big box stores like Wal-Mart and Target were open on Thanksgiving night, drawing crowds that were--in some cases--rowdy. (Thankfully, it was nothing like the dystopian version of shopping hell recently envisioned by "Saturday Night Live.")

Another reason for the Black Friday dip: people skipped lines and shopped online. According to IBM Benchmark, online sales rose 17 percent on Thanksgiving and 21 percent on Black Friday.

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