CNN Student News – June 22, 2017 | How Retailers Botched Black Friday And Cyber Monday

CNN Student News – June 22, 2017 | How Retailers Botched Black Friday And Cyber Monday


Political protests, shopping statistics and
the cacophonous crowds, all coming your way on CNN STUDENT NEWS. But we start with diplomacy and the dispute. The dispute is about a section of sky over
part of Asia. China, Japan, South Korea and the U.S. all
fly planes through the area. But recently, China said it owns the air space. That`s led to tensions between several Asian
governments. Vice President Joe Biden is on a trip to Asia
right now. He is hoping to provide some of the diplomacy
and to keep the tense situation from turning into something worse. Vice President Joe Biden with one eye towards
a possible 2016 bid is getting the chance to flex his international muscle power in
Asia. The United States has an interest in the lowering
of tensions in its vital region. As I believe all the countries in Northeast
Asia share that same interest with us. Biden in crisis manager mode arrived in Tokyo
as to reach and confront the power grab by Beijing. China declared it now controls the vast portion
of the air space over the East China Sea and remote islands that both China and Japan claim. Biden will bluntly ask the Chinese leaders
their military intentions when he stops in China next. U.S. officials worry China`s ultimate aim
is a confrontation with Japan. We, the United States, are deeply concerned
by the attempt to unilaterally change the status quo in East China Sea. This action has raised regional tensions and
increased the risk of accidents and miscalculation. China is demanding aircraft flowing through
the zone file flight plans and maintain radio contact. While some U.S. commercial airliners are complying,
U.S. military aircraft will not, and the Obama administration is making clear it rejects
China`s declaration of the air defense identification zone. … no indicates U.S. government`s acceptance
of China`s requirements. STARR: The U.S. insists it will continue flying
militarily aircraft through the Chinese zone and has begun a long planned deployment of
advanced P.A-ed reconnaissance aircraft to Japan that can carry torpedoes, missiles,
bombs and mines. Barbara Starr, CNN, the Pentagon. It`s time for “The Shoutout”. Which country is highlighted on this map of
Eastern Europe? If you think you know it then shout it out! Is it Estonia, Latvia, Lithuania or Ukraine? You`ve got three seconds, go! That`s Ukraine. One of the largest countries in Europe and
home to more than 44 million people. That`s your answer and that`s your shoutout. Around 1920, Ukraine was conquered by the
former Soviet Union. It became an independent country again in
1991. Today, Ukraine is split. Some people in the eastern part of the country
think Ukraine should be more associated with Russia. Some people in the west think it should be
more aligned with the European Union. Ukraine was getting ready to sign a political
and trade agreement with the European Union, but a couple of weeks ago, Ukraine`s president
called off the talks. That`s when protesters turned out demanding
changes in their country`s government. Most of the protests have been peaceful, some
have turned violent, and there doesn`t seem to be an end of this in sight. It is like no revolution I`ve ever seen. This square, Independence Square, is filled
with happy, smiling, jumping, dancing people. It is one effective way to keep warm in these
freezing temperatures. But it is also, they say, a mark of their
peaceful intentions. But for all the talk of peace and for the
happiness of the mood here, people here are talking about something pretty serious: and
that is revolution. What`s (inaudible) was the anger of people
unhappy with the Ukrainian government`s decision not to sign association and free trade agreements
with the European Union. These are people who believe the future of
Ukraine should be close to Europe. But what has hardened their position, what
has led them to occupy this square in these numbers around the clock, was the use of force
by Ukrainian police against some of the protesters. This used to be part of the giant Christmas
Tree standing in the center of Independence Square. For all the dancing and the smiling, nothing
symbolizes the angry determination of this crowd, the revolutionary feel of the scene
like this. They have built barricades across all the
streets leading into Independence Square. If the police come, this crowd will not let
them in easily. Many of them say they are determined to stay
here until they get what they want, which is a new government for Ukraine. Phil Black, CNN, Kiev. Time for a “Shoutout Extra Credit.” In the business world, what color is often
used to represent profit? You know what to do. Is it black, white, green or red? Put another three seconds on the clock and
go. When a company is making a profit, it`s said
to be in the black. That`s your answer and that`s your “Shoutout
Extra Credit.” And that`s why the day after Thanksgiving
is sometimes called Black Friday. It`s the start of the holiday shopping season. And it`s the times when stores are hoping
to make enough sales to put themselves in the black. The deals that stores offer on Black Friday,
sometimes lead to scenes like this. Shoppers flooding in, sometimes fighting over
stuff. But industry analysts say Black Friday sales
were lower this year than last year, significantly down more than 13 percent. Some of that might have been because stores
opened on Thanksgiving Day, it also might have something to do with Cyber Monday: same
idea, but different day, and it`s online. And this year, it was huge. Cyber Monday sales were up more than 20 percent
over last year. Shopping on mobile devices made up the biggest
part of that. But a big change could be coming the online
shopping, thanks to a decision by the U.S. Supreme Court. Monday was the biggest online shopping day
ever. The very same day the Supreme Court decided
it would not hear a case regarding something that affects all – everybody shops online
– sales taxes and you should be paying those sales taxes. In other words, folks, it was probably the
Cyber Monday without sales tax for millions. It`s the biggest issue in retail. States want tax revenue. Online retailers want tax free shopping. Brick and mortar retailers want the online
guys to have the same rules as the stores. Shoppers, we were all lured online by no tax
in the first place, and now the Supreme Court has punted on this. States lose about 23 billion a year in uncollected
sales tax. So, the states want to find ways to get that
tax revenue from Web retailers. The Supreme Court decided not to get involved
in appeals from Amazon.com and Overstock.com. The court let standard ruling from a New York
court, requiring that Internet retailers collect sales taxes even if they have no physical
presence in the state. This effectively ends tax free online shopping
for many people, and it gets other states thinking about how they can bring in more
tax dollars to … A sea hawk might not sound menacing. Seattle sea hawk certainly sounds smoother
than Seattle ospreys, and the team record of 11 and one sounds like Super Ball to some. But nothing sounds like the Seahawk century-linked
field. It`s loud. It`s set a Guinness world record for noise
earlier this season. Decibel levels here can exceed the volume
of thunder. And during the Monday night football faceoff
between the Seahawks and the Saints, fans went seismic. Late in the first quarter, there was a Saints
fumble. There was a Seahawks` recovery. There was a touchdown by defensive Michael
Bennett. And there was an earthquake. The crowd went so wild that at a seismic recording
station nearby a tremor measuring between magnitude one and two shook the ground. It`s not the first time this has happened. Marshawn Lynch triggered a tremor with a touchdown
back in 2011. And it`s not a major quake. It won`t actually bring a house down when
fans bring the house down. But it shows that when you mix an exceptional
team with an exceptional fan base in an exceptionally loud stadium, you have a recipe that rocks. We are heading to three continents for worldwide
Wednesday, including our first stop in South America. But we`re starting in Canada with the Falcons
from Our Lady of Fatima Catholic School in Ontario. From there, we head south to Brazil, to check
in with the Wild Cats from the International School of Curitiba. We started with falcons, we are going to wrap
with the falcons. This time, it`s Vilseck High School in Germany. This show has been stuffed, but hopefully,
you left some room for desert or breakfast because Dr. Dan the Pancake Man is taking
this home. His griddle greatness is gaining attention
because of his pinching for pancake performance art. He does cats, smiley faces. The logo for the local pro- hockey team. He has a whole battery of tools at his disposal. Dr. Dan`s edible art is selling like hot cakes,
which makes sense because they are hot cakes. No complaints from customers, so there is
no flapjack. And if Dr. Dan keeps making dinos flip, he`ll
prove he`s no flash in the pancake. To dine and dash, but it`s time to go. We`ll see you tomorrow.

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