Business

Stay Focused; There’s No Time for Media Hype or Spin

Be selective as to where you offer your time and attention.

Published

2 years ago

February 5, 2021

Jeff Davidson

Decades back, my friend, Bill Halloran, liked to listen to Howard Stern in the morning. Year after year on his way to work, Bill was titillated by Howard Stern’s shock talk. Hundreds of thousands of working professionals must have felt the same way. Howard is now a multi-millionaire.

Stern offered no sense of breathing space to Bill. After hearing Stern, no one was empowered, energized, or better able to face the day. He was, in essence, an electronic fix, a drug, if you will, that briefly took you out of your own life and into some form of contemptuous humor that got you through the next ten minutes. Even among those who know this on some level, why did so many people listen? The answer is what I call “electronic addiction.”

The Anxiety of Electronic Addiction

As a society, our exposure to the media, including the internet, has increased several hundred percent within a few decades, and while worldwide media coverage provides many benefits, it also has quite a few side effects. As we spend more and more hours glued to electronic media, we are exposed to tens of thousands of messages and images. Just as too much food at one sitting, isn’t easily ingested, neither is too much data in any form.

Concurrent with the deluge, we have become an anxious society that uses electronics to not feel alone, evade confronting why we can’t seem to get what we want, or to avoid better use of the hours we say we so earnestly want. We retain, embrace and offer rapt attention to all forms of media, and to the devices transmitting them to us. So it’s logical that we then make million dollar superstars out of TV meteorologists and morning exercise show hosts.

The shrinking attention span – Our cultural, electronic addiction to the mass media inverts our perception of available time, and diminishes our attention spans. Hence the Howard Sterns of the airwaves capture the attention of otherwise distracted listeners. Television and radio news and features are growing ever shorter to match the fragmented, decreasing attention spans of viewers.

Try this: For the next minute, stare at your watch, or if that’s too boring, think about something pleasurable you’re going to do today. Your perception of the length of a minute will differ vastly from using that minute to listen to the news or read a page from a magazine.

Warning: The exercise you were going to do for a full minute may have just failed. Our culture is so committed to motion and to information intake that you might be unable to make yourself stare at your watch or simply contemplate for one minute, even when the thought is of something pleasurable!

The Rise of Sensationalism

Around the turn of the century, to build his newspaper chain faster and to sell more papers, William Randolph Hearst used sensationalism to heighten the most mundane of stories. For example, if one of his reporters turned in a story about a dog who got his foot stuck in a sewer grate, Hearst would have the headline changed to read,

“CANINE TRAPPED IN TUNNEL OF DEATH.”

Hearst perceived that the public was interested in prominent names, and he loaded the paper with them. For several years he worked the “signed statement” racket for all it was worth. The method involved simply sending an inquiry to any person of prominence. When a courteous reply was received, it was immediately slapped into print.

In every city having a Hearst paper, an index was kept of people willing to be quoted along certain lines. For example, if Hearst favored the Navy’s buying big battleships, a list of retired admirals would be taken from the files, and each of the old gentlemen would be approached for his opinion. Those who agreed would be heavily quoted in articles, i.e., “Retired Admiral XYZ Says Navy Lacking In…”

I find it remarkable that the Pulitzer Prize, an award alleged to represent the highest aspirations and achievements in journalism, is named for Mr. Joseph Pulitzer. While Pulitzer did not originate sensationalism, he played a crucial role in the history of American journalism simply by living at a time when social and economic changes enabled sensationalism to flourish.

Pulitzer used frivolous pictures, poetry, short stories, and the like, to make the newspaper a medium to entertain as well as inform. Pulitzer borrowed ideas of sensationalism that were not his own and brought them up to date to fit a modern America of cities and factories.

When Pulitzer set up shop in New York, he wanted to achieve the greatest circulation in America’s history. He needed a large circulation to have a platform from which his liberal principles could be heard. To obtain it, he had to win the confidence, as well as excite the interest, of the masses of people. Many features that appealed to a working-class audience – pictures, lurid accounts of crime and violence, the air of irreverence – were bound to appeal to others as well.

Overstimulated and Distracted

To this day, to capture an overstimulated, distracted population, contemporary television and other news media rely more and more on sensationalism. It’s ingrained in the nature of broadcasting, and it’s hazardous to our awareness.

With a planet of nearly eight billion people, the media are easily furnished with an endless supply of turmoil for mass transmission. At any moment somebody is fomenting revolution somewhere. Such turmoil is packaged daily for the 24 hour news cycle.

We are lured with images of crashes, hostages, and natural disasters. We offer our time and rapt attention to each new hostility, scandal or disaster. Far more people die annually from choking on food than in plane crashes or by guns, but crashes and shootings make for great footage, and play into people’s fears.

Your chance of dying from a commercial airplane mishap actually is one in 2,600,000. So, you need only be concerned if you fly five flights per week, 52 weeks per year, for several thousand years.

Unless it directly affects you or your community, give up offering any attention, whatsoever, to news coverage of spectacular crashes and train wrecks, etc. If you’re concerned about reducing the incidence of violent death, learn the Heimlich maneuver or CPR. But puuleeeease, stop being enthralled by spectacular media coverage of non-imperative events and sensationalized trivia.

Gaining Control

It is not immoral to not “keep up” with the news. However to “tune out” – turn your back on the world is not appropriate either. Being more selective in what you give your attention to, and to how long you give it, makes more sense.

There is little utility in intellectually resonating with the world’s challenges and problems. Pick one cause or one issue, and take some kind of action outside your home. For most of us on the Right, the burning issue today is reclaiming our country from Leftist zealots.

Action is customarily invigorating. Your ability to make a real, if minute, difference will immediately lessen your concerns about attaining some breathing space.

Tomorrow morning, quietly envision how you would like your day to be. Include everything that’s important to you – the commute if you make one, entering your building or your office, sitting down at your desk, handling tasks, and taking breaks.

Envision interacting with others, going to lunch, conducting or attending meetings, using the phone, finishing up projects, and walking out in the evening. With this exercise alone, you’ll begin to feel a greater sense of control in aspects of your job that you might have considered uncontrollable.

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Jeff Davidson

Jeff Davidson is the world's only holder of the title "The Work-Life Balance Expert®" as awarded by the U.S. Patent and Trademark Office. He is the premier thought leader on work-life balance, integration, and harmony. Jeff speaks to organizations that seek to enhance their overall productivity by improving the effectiveness of their people. He is the author of Breathing Space, Simpler Living, Dial it Down, and Everyday Project Management. Visit www.BreathingSpace.com for more information on Jeff's keynote speeches and seminars, including: Managing the Pace with Grace® * Achieving Work-Life Balance™ * Managing Information and Communication Overload®

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SAVE YOURSELF: Is This The Surefire Way to Protect Your Money in the Inevitable Financial Meltdown?

Decentralized finance (DeFi) has emerged as a revolutionary technology.

Published

3 weeks ago

May 9, 2023

Chris Widener

Don’t miss Rich Dad Poor Dad’s Robert Kiyosaki in this absolutely free webinar: The Coming Financial Tsunami. Learn how to protect yourself and your loved ones. Click here NOW to register!

CAN DECENTRALIZED FINANCE BE THE WAY TO SAVE YOURSELF AND YOUR FAMILY FROM MELTDOWNS AND TYRANNY?

Decentralized finance (DeFi) is built on the blockchain, which offers a wide range of financial services without the need for intermediaries such as banks or other financial institutions. DeFi has emerged as a popular alternative to traditional finance, offering a more open, transparent, and decentralized financial system. In this article, we will explore why DeFi can protect you from a coming financial meltdown and from tyrannical governments.

DeFi is built on the blockchain, which means that it is inherently decentralized. This means that there is no central authority controlling the system, and all transactions are verified and validated by a distributed network of nodes. This makes the system more resilient and less vulnerable to attack or manipulation. Unlike traditional financial systems, where central authorities have the power to manipulate the system, DeFi is designed to be transparent and immutable.

One of the main advantages of DeFi is that it offers greater financial freedom and control to users. DeFi allows users to access a wide range of financial services without the need for intermediaries. This means that users can transact directly with each other, without having to go through banks or other financial institutions. This gives users greater control over their finances and reduces the risks associated with centralized financial systems.

Another advantage of DeFi is that it is highly transparent. All transactions on the blockchain are public and can be verified by anyone. This means that there is no room for fraud or manipulation, as all transactions are visible to all participants in the network. This level of transparency is not possible in traditional financial systems, where transactions are often opaque and difficult to track.

DeFi also offers greater security to users. Transactions on the blockchain are secured using cryptography, making them virtually impossible to hack or manipulate. This means that users can trust the system, knowing that their funds are secure. Traditional financial systems, on the other hand, are often vulnerable to cyberattacks and fraud, which can result in significant financial losses.

Don’t miss Rich Dad Poor Dad’s Robert Kiyosaki in this absolutely free webinar: The Coming Financial Tsunami. Learn how to protect yourself and your loved ones. Click here NOW to register!

Furthermore, DeFi is designed to be more inclusive and accessible to everyone. Unlike traditional financial systems, which often have high barriers to entry, DeFi is open to anyone with an internet connection. This means that people who are unbanked or underbanked can access financial services that were previously unavailable to them. This inclusivity is important because it helps to reduce financial inequality and promotes greater financial inclusion.

Finally, DeFi is more resilient than traditional financial systems. DeFi is built on a decentralized network of nodes, which means that there is no single point of failure. This makes the system more resilient to attacks and more resistant to financial meltdowns. In traditional financial systems, a single point of failure can have catastrophic consequences, as we saw in the 2008 financial crisis.

DeFi is a new and exciting financial system that offers a wide range of benefits over traditional finance. It is transparent, secure, accessible, and resilient, making it an attractive option for people who are looking to protect themselves from a coming financial meltdown. While DeFi is still in its early stages, it has the potential to transform the world of finance, offering a more open, transparent, and decentralized financial system for everyone.

SEVEN BENEFITS OF DECENTRALIZED FINANCE

Decentralized finance (DeFi) has emerged as a revolutionary technology that enables individuals to conduct financial transactions without the need for intermediaries such as banks or financial institutions. DeFi uses blockchain technology, which provides a transparent and secure way of conducting financial transactions. In this article, we will discuss the benefits of decentralized finance, along with a brief overview of crypto and blockchain.

Overview of Crypto and Blockchain

Crypto refers to digital currencies that use cryptography to secure financial transactions and control the creation of new units. Bitcoin, which was created in 2009, is the most well-known cryptocurrency. It is based on blockchain technology, which is a decentralized ledger that records transactions in a transparent and secure manner. Blockchain technology provides a secure and tamper-proof way of recording transactions, making it ideal for use in financial transactions.

Benefits of Decentralized Finance

Lower Transaction Costs

Decentralized finance provides a cost-effective way of conducting financial transactions. Traditional financial systems are often plagued by high transaction costs, which are passed on to customers. DeFi eliminates the need for intermediaries, which means that transaction costs are significantly lower. This makes it easier for individuals to access financial services and reduces the barriers to entry for new players in the market.

Greater Accessibility

DeFi provides greater accessibility to financial services, particularly for individuals who are unbanked or underbanked. In many parts of the world, people do not have access to traditional banking services due to various factors such as lack of documentation, poor credit history, or living in remote areas. DeFi provides a way for these individuals to access financial services using only a smartphone and an internet connection. This has the potential to increase financial inclusion and reduce poverty.

Increased Transparency

One of the main benefits of blockchain technology is its transparency. Transactions recorded on the blockchain are publicly visible, making it easier to trace the flow of funds. This provides a level of transparency that is not possible with traditional financial systems. Decentralized finance leverages this transparency to provide greater accountability and reduce the risk of fraud. This makes DeFi a more secure and trustworthy way of conducting financial transactions.

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More Control Over Personal Data

Traditional financial systems often require individuals to provide personal data such as name, address, and social security number. This data is stored by banks and financial institutions, making it vulnerable to hacks and breaches. DeFi provides individuals with more control over their personal data by using self-sovereign identity solutions. These solutions enable individuals to control their own data and share it only with the parties they trust.

Greater Flexibility

Decentralized finance provides greater flexibility in terms of financial products and services. Traditional financial systems are often rigid, with limited options for customers. DeFi provides a range of financial products and services, including loans, savings accounts, insurance, and investment products. This gives individuals greater flexibility to choose the financial products and services that meet their specific needs.

Faster Settlement Times

Blockchain technology enables faster settlement times for financial transactions. Traditional financial systems often require several intermediaries to process transactions, which can take several days. With DeFi, transactions are processed directly on the blockchain, which means that settlement times can be as fast as a few seconds. This provides greater convenience for customers and reduces the risk of errors and delays.

Reduced Counterparty Risk

Traditional financial systems often involve counterparty risk, which is the risk that one party will fail to fulfill its obligations in a financial transaction. DeFi eliminates counterparty risk by using smart contracts, which are self-executing contracts that automatically execute when certain conditions are met. This provides greater security and reduces the risk of fraud and default.

Conclusion

Decentralized finance is a revolutionary technology that has the potential to transform the financial industry. By eliminating intermediaries, increasing accessibility, increasing transparency, providing more control over personal data, offering greater flexibility, enabling faster settlement times, and reducing counterparty risk, DeFi provides numerous benefits that traditional financial systems cannot match. As DeFi continues to evolve, it has the potential to create a more equitable and inclusive financial system that benefits individuals and communities around the world.

The information provided in this article is for educational purposes only and should not be construed as financial or investment advice. Investing in decentralized finance (DeFi) and cryptocurrencies involves risk and may result in significant financial losses. Readers are advised to conduct their own research and seek the advice of a financial professional before investing in DeFi or cryptocurrencies. The author and publisher of this article are not responsible for any losses incurred as a result of investing in DeFi or cryptocurrencies.