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Posted on 06/18/2009 10:49:38 AM PDT by Dick Bachert
One of the more thought-provoking columns I make sure I read every week is called Spiritual Wealth. It's written by my good friend Alex Green, who is Investment Director of the Oxford Club. Alex gave me permission to share one of his columns with you, with the request that I also tell you about his new book. I'm delighted to do both. See the end of today's column for details on how you can receive his column every week and learn about The Secret of Shelter Island, his inspiring and informative new book.
According to A.C. Nielson Co., the average American watches more than four hours of TV each day. That's two months of nonstop television per year.
In a 65-year life, that person will have spent nine years glued to the tube.
The same study found that the amount of time per week that parents spend in meaningful conversation with their children is 3.5 minutes. The average time children spend watching TV each week? 1,680 minutes.
Parents often wonder how they can better relate to their kids, how they can combat the coarsening effects of modern culture.
May I suggest the off button?
Surrounded by cable television, DVDs, CD players, cell phones, PDAs, iPods, satellite radio, video games, and the Internet, a young person might reasonably ask what adults did before the age of electronic media.
In truth, we spent more time visiting friends and neighbors, took long walks, learned musical instruments, gave dinner parties and dances, went fishing, played chess or checkers.
And we read.
We read to become informed. We read to be entertained. We read as a noble intellectual exercise.
And because reading is to the mind what exercise is to the body, we thought better, expressed ourselves more clearly, wrote with greater style and refinement.
This kind of literacy can turn everyday communication into a kind of poetry. (Compare the Lincoln/Douglas debates, for example, to the current quality of political discourse.)
We also engaged in the lost art of conversation. In language filled with wit and intelligence, we spent time talking about our interests, argued the pressing issues of the day, wondered aloud about great mysteries, told each other our dreams, and let those around us know how we felt about them.
As an example of both the higher sentiments and greater literacy of an earlier age, here is a letter from Sullivan Ballou, a 32-year-old soldier in the Union Army, to his 24-year-old wife:
July 14, 1861
Camp Clark, Washington
My very dear Sarah:
The indications are very strong that we shall move in a few days-perhaps tomorrow. Lest I should not be able to write again, I feel impelled to write a few lines that may fall under your eye when I shall be no more...
Sarah my love for you is deathless, it seems to bind me with mighty cables that nothing but Omnipotence could break; and yet my love of Country comes over me like a strong wind and bears me irresistibly on with all these chains to the battle field.
The memories of the blissful moments I have spent with you come creeping over me, and I feel most gratified to God and to you that I have enjoyed them for so long. And hard it is for me to give them up and burn to ashes the hopes of future years, when, God willing, we might still have lived and loved together, and seen our sons grown up to honorable manhood, around us. I have, I know, but few and small claims upon Divine Providence, but something whispers to me — perhaps it is the wafted prayer of my little Edgar, that I shall return to my loved ones unharmed. If I do not my dear Sarah, never forget how much I love you, and when my last breath escapes me on the battle field, it will whisper your name. Forgive my many faults and the many pains I have caused you. How thoughtless and foolish I have often times been! How gladly would I wash out with my tears every little spot upon your happiness...
But, O Sarah! If the dead can come back to this earth and flit unseen around those they loved, I shall always be near you; in the gladdest days and in the darkest nights... always, always, and if there be a soft breeze upon your cheek, it shall be my breath, as the cool air fans your throbbing temple, it shall be my spirit passing by. Sarah do not mourn me dead; think I am gone and wait for thee, for we shall meet again...
Ballou was killed in the first battle of Bull Run a week later.
Carpe Diem,
Alex Green
If you'd like to receive Alex Green's inspiring and thought-provoking column, Spiritual Wealth, in your in-box every week, sign up at www.spiritualwealth.com/about-us/. To learn more about Alex's powerful new book, The Secret of Shelter Island, just click here.
Chip Shots
* Please let us pay you back. So say 10 of the country's largest financial institutions, which very much want to return the $68 billion they received in TARP funds. Seems they are beginning to chaff a bit at all the "oversight" that came with taking all those taxpayer funds. Not everyone wants to see the money repaid, however. The New York Times says, "allowing bailout money to be repaid now is premature. Without reforms in place, the Obama Administration is weakening its hand in reining in the banks."
* A fitting memorial in D.C. I was touched by the ceremony in Washington last week, when Nancy Reagan unveiled a statue of her husband in the Capitol Rotunda. The last time Mrs. Reagan visited Washington was in 2004, for the memorial service for Ronald Reagan. With a tear in her eye this time, she said, "It's nice to be back under happier circumstances." She declared that the seven-foot statue, which contains pieces of the Berlin Wall, was a "wonderful likeness" of her late husband. I look forward to seeing it in person next time I'm in D.C.
* How do you say "Hummer" in Chinese? In one of the strangest deals in an era of very strange arrangements, an obscure Chinese industrial company has purchased the Hummer truck line from General Motors. In theory, the Hummer plant in Shreveport, Louisiana will continue to churn out those ego-stroking gas guzzlers for at least a year, while its Chinese owners try to develop manufacturing and distribution facilities on the mainland. Time will tell if the deal succeeds; I suspect it may not even close.
* How about some respect for our Holy Book? ABC News has confirmed that Bibles sent to U.S. troops in Afghanistan for distribution to locals there (the Bibles had been translated into the most popular Afghan languages) were confiscated and destroyed by military officials. The Pentagon justified the actions by saying the Bibles were a violation of military regulations prohibiting proselytizing and could have risked the lives of our servicemen by offending the Muslim majority. How is it that when a Koran is mishandled, there is rioting all over the world? But when Bibles are burned or otherwise destroyed, there is hardly a peep of protest?
This Week in History
The Continental Congress was struggling to find funds and provisions for Revolutionary forces when it decided to issue its own currency. On June 22, 1776, it issued $2 million in paper money. The currency featured the likeness of Revolutionary soldiers and carried the inscription, "The United Colonies."
The "Continentals," as the bills were known, were not backed by gold or any other assets. Merchants distrusted their value and demanded more and more of them for the same amount of goods. General George Washington complained that, "A wagonload of currency will hardly purchase a wagonload of provisions."
By the end of the war, the new currency was virtually worthless. The bills were ultimately redeemed by the new U.S. government at one/one hundredth of their face value. Because of this experience, the phrase "not worth a Continental" became a way to describe something that had no value.
The lesson also convinced our Founding Fathers to insist that any currency issued by the U.S. government be fully redeemable in gold or silver — a requirement that became part of our Constitution and was honored for the next 100 years. Today, of course, our currency is only backed by "the full faith and credit of the United States," which some cynics (this writer included) say explains why the value of the dollar continues to fall.
Until next time, keep some powder dry.
Chip Wood
*************************************************
Straight Talk is a weekly commentary written by Chip Wood. For many years Chip was the host of an award-winning radio talk show in Atlanta, Georgia. He is the founder of Soundview Publications and serves as an MC at several investment conferences. His weekly rants and raves are free for the asking at www.straighttalkletter.com.
Copyright 2009 Soundview Communications, Inc.
To ask a question or to comment on something you've read in Straight Talk, please write to Chip@StraightTalkLetter.com
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Now, that's impressive. I'll bet your blood pressure and stress levels are in a very healthy range.
No, they’re amateurs. All they do is charge a yearly license fee for your TV(s).
This is more along the lines of the mileage fees for all miles driven as touted in MA and some other enlightened places.
Get the cable, dish guys to add a TV meter, or like Gore’s lowflow toilets, implement by EO or something and make a meter standard on all new TV’s.
Then you get a bill for hours and minutes watched, or least the time the TV is on.
Shouldn’t be that hard from an implementation angle.
PS: Another phenom Bette Davis Chick Flick, Jezebel, about a southern belle who leaves chaos in her wake. Vintage 1938!
My addiction to TV was never that intense-—but I am addicted to the internet and talk radio.
Wow, that is great.
Can we call the IRS or the Bureau of Media and Propaganda and Truth or the WH to tell them an innovative new revenue tool is available.
Everyone who voted for Reagan must immediately cancel all cable TV subscriptions and tell the cable company that they will not resubscribe until an “American Freedom” package is offered that DOES NOT INCLUDE ABC, CBS, NBC, CNN, PBS, etc. Y0U ARE PAYING FOR THE ABOVE IF YOU DON’T.
If one is not willing to give up their leisure diversions on the cable in order to save the country, then it is indeed the end. Our children are doomed to be tax-slaves.
I cancelled mine right after the election and have not missed it.
DIRECT TV could make millions by offering such a subscriber package. Call it the Palin Plan or something.
FIRE LETTERMAN!!
You said — It’s cheaper to buy and resell the DVD set and watch them at your leisure without commercials.
—
I’ve used NetFlix before (for quite a while), don’t have it now, but will get it again later on. They have an *absolutely huge* library of DVDs, and you can have them mailed out to you, you watch them and mail them back.
It’s quick and the turnaround is great. You can pick the “volume” that you like to watch in a month and the pricing varies on how much you want to have. I sure got a lot of stuff through them, that way. It was great and I got stuff that you would never find in the corner video store, because the corner video store could never keep that kind of inventory.
You said — Everyone who voted for Reagan must immediately cancel all cable TV subscriptions and tell the cable company that they will not resubscribe until an “American Freedom” package is offered that DOES NOT INCLUDE ABC, CBS, NBC, CNN, PBS, etc. Y0U ARE PAYING FOR THE ABOVE IF YOU DON’T.
—
Well, you call and ask the government regulators to *require* that cable companies *must* give “a la carte” choice to consumers... LOL...
Unregulated Internet Forever!
I get most of my news items from links here at FR and Breitbart and Drudge. If it ain't on here I figure it's not all that earth shaking.
If it weren't for baseball and football and the occasional LIVE news event, I would have little need for the box at all.
Though Brett Baer's show on Fox has become a favorite.
#6 Most of the actors are idealized physical specimens. They set a standard none of us can live up to. That's programming for failure. #7 The government wants as many people as possible to have televisions. They will even buy you a conversion box. Doesn't that make you wonder? #8 Everything is condensed on TV, leaving us with shortened attention span expectations and less patience. #9 Our time shared together consists of sitting side by side staring at a flickering screen. There's nothing there to provoke thought, so there's no human exchange. #10 TV keeps us up late, robbing us of sleep, wasting our time, and gives us nothing in exchange.
I like the way you think. My studio is nicknamed “the Fortress of Nostalgia”. Inside, it’s always 1945-1965 (except for the computer). I retreat to the Real America when the America of today gets to me.
Where on earth do you find parts for a tube radio?
The past 50 years have confirmed that prediction.
You Have Got To Be Kidding! So who's watching 8 hours a day to offset me? *\;-)
LOL that’s right. The govt. is the LAST thing you want to involve. Finding a reason NOT to do something is too easy, one could find a good reason NOT to get up in the morning.
There is no good reason not to cancel cable TV. Keep internet if you must, as I have, but dump the package till FOX-ONLY is offered. If they don’t offer it, stay off.
You know the drive-bys will scream bloody murder if cable drops by even 5%. Think what a beautiful sound THAT would be!
Great post! It is so true. My 15 year-old is in “must have it on” phase and it’s time to do something.
A national strike that would dump cable subscriptions by even 5% would be a real coup, to use the jargon. (or is it coupe? I think that’s a car.)
The left media would scream, what a beautiful sound! (sigh)
Yeah. If subscriptions were to drop by 10%, then it would be a sedan.
Cheaper, too, and you control what you watch. This afternoon will be Bell, Book, and Candle.
And I’m on the hairy edge of cancelling Netflix as well. We tend to sit on the movies for a while before watching them (often up to a month). With a RedBox ‘round the corner and the rate we watch movies, $1/disc/night is cheaper than $18/month/”unlimited x 3”.
Only reason I keep Netflix now is we’ve spent so much time putting 300+ movies in our queues that I hate to waste that effort.
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