The Real St. Valentine’s Day Massacre


     Do you feel, like the graphic poster above suggests, that you must spend your hard-earned money on Valentine’s Day to show others how much you care? Apparently, many of us do. The National Retail Federation (NRF) forecasts that Americans will spend $17.6 billion in 2012 in the days leading up to, and, if you’re like many of us, on Valentine’s Day itself.

That’s an average of $126.03 per person – an 8.5 % increase over last year and the highest in the 10 years the NRF has conducted the survey.

$74.12 will be spent on spouses, $25.25 on kids, parents, and other family members, and $6.92 on those special somebodies. And, my favorite statistic of all, Americans will shell out an average of $4.52 on their pets to make sure they don’t feel left out. As you might have guessed, men will far outspend the fairer sex this Valentine’s Day, racking up average expenditures of $168.74 compared to $85.76 for women. True, we probably have more to a make up for.

Jewelry is the big winner in the Valentine’s day consumer frenzy with spending to total $4.1 billion, followed by $1.8 billion on flowers, $1.5 billion on candy, $1.4 billion on clothing, $1.1 billion on gift cards (you sentimental fools), and $3.5 billion on a romantic evening out. NRF President and CEO, Mathew Shay, is “encouraged” by American’s willingness to spend money when told to do so (my words, not his). The original St. Valentine’s Day massacre took place in Chicago; nowadays it happens every year about this time.

Source: http://nrf.com/modules.php?name=News&op=viewlive&sp_id=1304

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Lakshmi: The Prosperity Gospel Revisited


     In chapter ten of my book, Shiny Objects, I talk about the Prosperity Gospel (PG). In its simplest form, the PG argues that tithes and donations given to a church will result in a financial windfall for the giver. Commonly described as the “Name It and Claim it””, or more pejoratively, the “Blab It and Grab it” Theology, the PG has a large following in the U.S.
     Given the long-entrenched U.S. consumer culture, it wouldn’t be a great leap of faith to think that the PG was birthed in the U.S. This thinking, however, would be erroneous. People of cultures and religions that pre-date the U.S. by thousands of years have long looked skyward for a little help with the family finances.

     Take for example, Lakshmi, the Hindu Goddess of wealth and prosperity – both material and spiritual. Since Shiny Objects addresses how our love of money and material possessions impacts our happiness, we will focus on material prosperity in this posting. Lakshmi has existed for thousands of years. A 1,400 year old statue of the Hindu Goddess was discovered and her visage graces coins that date from the first century BCE.

     She is typically seated on a Lotus blossom and holding a Lotus bud that represents beauty and purity. The Goddess has four hands and is usually depicted with gold coins cascading from each hand. The red in her gold embroidered clothes symbolizes activity and the gold, prosperity. Often, two elephants are situated next to Lakshmi spewing water into the air. 1

     I like the elephants because spewing water represents the ceaseless effort needed to achieve material prosperity. So, one must pray to the Goddess Lakshmi for wealth but a little hard work can’t hurt. And, as I mentioned in an earlier blog, when cultures place a high value on something they come up with a lot of names for the particular venerated object. It is claimed that Lakshmi has 108 names and is worshipped daily. October is Lakshmi’s special month, “On a full moon night following Durga Puja …. It is believed that on this full moon night the Goddess herself visits the homes and replenishes the inhabitants with wealth”.2

     In what I think is a fascinating detail regarding money and Lakshmi is the custom (in many areas of India) of apologizing by the use of a hand gesture if one’s foot accidentally comes into contact with money – believed to be a physical manifestation of Lakshmi. The offending person asks for forgiveness by first touching the money in question with the finger-tips of their right hand and then touching their forehead or chest.1
Sources:
1 http://en.wikipedia.org/wiki/Lakshmi
2 http://hinduism.about.com/od/hindugoddesses/p/lakshmi.htm

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Harvesting Happiness Interview Today at 11:00 am!


Hello All,
I will be interviewed at 11:00 a.m. today (CST) by a radio show (Harvesting Happiness) in California. Please find below four web sites that are promoting the interview:

http://toginet.com/shows/harvestinghappiness

http://harvestinghappinesstalkradio.com/

http://lisakamen.wordpress.com/2012/01/29/harvesting-happiness-talk-radio-welcomes-dr-james-roberts-february-1st/

http://www.hh4heroes.org/blog/

Have great day,
Jim

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33 Voices Interview

Happy New Year All,
I hope this message finds that your New Year is off to a good start. Please find below a link to the 33 Voices website that is featuring an interview with me about my book Shiny Objects. The website also contains other interesting information on me and a host of other authors. Take a look:

http://www.33voices.com/james-a-roberts

PS A quote from Shiny Objects was featured in the February edition of Reader’s Digest on page 60. Reader’s Digest has a circulation of about 5.5 million.

Have a great week!

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Kids & Brands NPR Interview

Hello All,
It’s been awhile since we last talked. I hope everybody had a great Chrsitmas and that your New Year is off to a good start. Please find below an interview I just did (with a panel of three moms) on National Public Radio (NPR) about kids and Brands. I hope you like it.
Sincerely,
Jim
NPR Link:

 http://www.npr.org/2012/01/03/144621365/when-to-put-the-brakes-on-brand-names-for-kids

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Yahoo!’s “The Daily Ticker” Interview


Hello Everybody,
Yesterday (December 19th) the Yahoo! Finace page ran one segment of an interview I taped while in NYC two weeks ago. Here’s the link to the interview:

http://finance.yahoo.com/blogs/daily-ticker/think-buying-holiday-season-material-possessions-won-t-140216925.html

Merry Christmas to all!

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CBS Early Show Clip

Hello All,

I wanted to share with you the clip from my appearance on the CBS Early Show on December 5th:

http://www.cbsnews.com/video/watch/?id=7390635n&tag=contentMain;contentBody
Please consider Shiny Objects as a gift for somone you love this Christmas season. The feedback I have received tells me that a lot of people are buying Shiny Objects as presents for their children and granchildren. Please spread the word. Again, thanks for your support.

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Baylor Marketing Professor to Appear Monday on the CBS Early Show

Here’s a press release from Baylor regarding my activites this comig Monday:
Dr. Jim Roberts, The Ben H. Williams Professor of Marketing at Baylor’s Hankamer School of Business, will be a guest Monday, Dec. 5, on the CBS Early Show (7-9 am) to discuss his new book, “Shiny Objects: Why We Spend Money We Don’t Have in Search of Happiness We Can’t Buy.” While in New York City, Dr. Roberts also will appear on Yahoo’s “The Daily Ticker” show to discuss “Shiny Objects.”

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Black and Blue Friday

     Things got a little nutty at Walmarts across the nation on Black Friday. As I mention in my new book, Shiny Objects: why we spend money we don’t have in search of happiness we can’t buy, the events of this past Black Friday bring back ghosts of Black Fridays past for the retailing giant. You may recall the 2008 trampling death of a Walmart employee as he worked the front doors of the Walmart store at the Green Acres Mall in Valley Stream, New York. Jdimytai Damour was 6’ 5” tall and weighed 270 pounds but he was no match for the throng of 2,000 shoppers pounding on the front doors anxious to gain entrance into the world of bargains (“in limited supply and for two hours only”) that awaited them inside the store.
     At least from what I have heard, no one was trampled to death this Black Friday. Someone, however, was shot attempting to hold onto his bargains when attacked by a group of thugs in the Walmart parking lot. Pepper spray seemed to be the weapon of choice this Black Friday. A woman in the LA area pepper sprayed 20 customers in her failed attempt to secure an Xbox video game console. At the local Walmart (Hewitt, TX), shoppers were fighting and knocking others to the ground to get the latest video releases. Scofflaws had to be ushered from the store. And, don’t forget about the $2 waffle maker riot. I suggest you watch the YouTube video of this debacle on an empty stomach. Waffle maker riot link:

http://manila-paper.net/2-waffle-maker-riot-at-walmart-black-friday-goes-viral-video/19466

The “good news” in all this, the American shopper persevered spending $11.4 billion this Black Friday – up almost one billion dollars from last year.
     If Shiny Objects have you under their spell, I suggest you read my book. It’s the best $20 you will ever spend. Shiny Objects is a hopeful tale of how true happiness can still be achieved in a culture in the throes of material possession love. Happy holidays.

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Alert! Shiny Objects Reviewed in Today’s Wall Street Journal!

Happy Holidays All,
Just a quick note to let you know that Shiny Objects was reviewed on page C9 of Today’s Wall Street Journal (Saturday, November 26). Here’s the link:

http://online.wsj.com/article/SB10001424052970203699404577048012935449958.html

Sincerely,
Dr. Roberts

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