Review
Christmas culture
Culture
Film & TV
6 min read

The twelve days of Christmas TV

What to watch across the festive season.
At a Christmas party, friend smile, laugh, and collapse in a heap on a sofa.
This is occurin'.

Christmas approaches! We are soon to begin the twelve-day marathon of celebrating the birth of Christ through food, drink, and…collapsing in front of the telly! It is a season of great joy and gladness, but also one of physical and mental exhaustion. To make it all a little easier I have finely combed through the Christmas edition of the Radio Times to present to you the one can’t miss televisual offering for each of the twelve days. Consider this my gift to all the readers of Seen & Unseen; hopefully a little more practical than a partridge in a pear tree. 

 

On the first day of Christmas my telly gave to me…  

Gavin & Stacey: The Finale 

Christmas Day, BBC 1, 9pm 

The first G&S Christmas Special is an annual tradition in my household. My wife and I are guaranteed to watch it at least once in the run-up to Christmas. It is an example of a truly perfect piece of television: masterfully combining the necessarily contrived and mawkish sentimentality of Christmas telly, and the absurdist/realist/deadpan comedy that endeared the series to so many. The comeback Christmas Special in 2019 was a let-down on the night (I had such high expectations) but has grown on me over the years: nowhere near as good as the original, too self-referential and mannered for its own good, but still darn-funny, and acting as a rather sweet meditation on aging and parenthood. Christmas Day is all about family – be it our own family, or the Holy Family of Bethlehem – so why not see the day out in the warm glow of the Shipman-West family. 

On the second day of Christmas my telly gave to me…  

Zulu 

Boxing Day, Channel 4, 3.50pm 

This one is personal for me. This is one of the first films I remember watching with my father, around the Christmas season. Glorious cinematography, a pacey plot, an electrifying final set-piece (which, 60 years later, is still more engaging than most of the bigger budget CGI shlock you can see today), a smattering of Welsh patriotism, and Michael Caine doing a posh accent. This is a classic for a reason: the remarkable story of the Battle of Rorke’s Drift combined with a searing and sympathetic exploration of the British class system, ending with a meditation on both the unifying and horrifying nature of war. If you’re suffering from over-indulgence on Boxing Day I can’t think of a better tonic. 

On the third day of Christmas my telly gave to me…  

Pitch Perfect 

27 December, ITV 2, 9pm 

The sequels very much delivered diminishing returns, but the original is such a wholesome piece of film-making. A celebration of music, growing-up, sisterhood and girl-power…it is feel-good fare from beginning to end. Anna Kendrick shines with raw singing-star-power, while Rebel Wilson provides just the right amount of comic relief. After the high of Christmas Day, and the slow come-down of Boxing Day, this film is like a warm bath of feel-good aca-enjoyment. 

On the fourth day of Christmas my telly gave to me…  

Maggie Smith at the BBC 

28 December, BBC 2, 7pm 

A celebration of the career of Maggie Smith on what would have been her 90th birthday. If that precis doesn’t hook you, then we can’t be friends. 

On the fifth day of Christmas my telly gave to me…  

The Fugitive 

29 December, Channel 5, 4.35pm 

I can’t think of many thrillers better than this. From the very first scene this film has you on the edge of your seat asking the most terrifying of existential questions… 

WHY DOES HARRISON FORD HAVE A BEARD!?!?!?  

The tension only ratchets up from there! Harrison Ford plays the character he was born to play: a slightly gruff man, down on his luck, full of ingenuity, trying to prove that he didn’t murder his wife. Tommy Lee-Jones is similarly expertly cast as the long-suffering law-man who doesn’t follow procedure…no, he feels the case in his bones! The film rips along as such a rollicking pace that you’ll feel like it’s just started by the time it has finished. 

On the sixth day of Christmas my telly gave to me…  

Rocketman 

30 December, Channel 4, 9pm 

The music of Elton John is indestructible.  

On the seventh day of Christmas my telly gave to me…  

Jools’ Annual Hootenanny  

New Year’s Eve, BBC 2, 11.30pm 

By now this is has become a cross between a National Treasure and a National Institution, and I cannot comprehend people who see the New Year in with anything else on their telly. 

On the eighth day of Christmas my telly gave to me…  

Airplane! 

New Year’s Day, ITV 4, 9pm 

This is the funniest film ever made. That is an indisputable fact, whether your metric is quantity or quality. The jokes come at a machine-gun rattle, and every single one hits their target! Absurdism, slapstick, wordplay, and the straight-face of Leslie Nielsen…THE FUNNIEST FILM EVER MADE! 

On the ninth day of Christmas my telly gave to me…  

Master & Commander: The Far Side of the World 

2 January, BBC 2, 10pm 

Russel Crowe deserved to have this film be the start of a worldwide phenomenal franchise; especially as Patrick O'Brian left us with twenty novels to work from. Crowe embodies Captain Jack Aubrey perfectly – oaken and noble and solid. Teaming him up with Paul Bettany for the second time is a masterstroke, as they bicker and play-off each other like old friends. There is action, emotion, intrigue, drama, and naval tactics. What isn’t to like? 

On the tenth day of Christmas my telly gave to me…  

The Silence of the Lambs 

3 January, ITV 1, 10.45pm 

Anthony Hopkins serves us up plenty of leftover Christmas ham with his performance. His Hannibal Lecter is intelligent, sophisticated…and essentially and pantomime villain. His Hannibal is hammy with a capital H! Please don’t misunderstand me, I enjoy the performance and the film, but it isn’t a patch on Brian Cox’s bone-chillingly subtle, understated performance in Manhunter. Anyway, this is a terrifying film in the best way possible. Putting Hopkins aside, the performances are all spot on: Jodie Foster gives us an ingénue who’s vulnerability is both a weakness and her greatest strength, and Ted Levine is indescribably creepy as serial-killer Buffalo Bill. After ten days of Christmas lulling you into a soporific stupor, this flick is the icy wake-up you need! 

On the eleventh day of Christmas my telly gave to me…  

The Graduate/Rain Man 

4 January, BBC 4, 9pm/11.20pm 

Early-career Dustin Hoffman or mid-career Dustin Hoffman: take your pick. The is no wrong answer. 

On the twelfth day of Christmas my telly gave to me…  

Aliens 

5 January, ITV 4, 9pm 

The rarest of creatures: a sequel which surpasses the original. Sigourney Weaver is iconic, and is the prototype for all future female action heroes. James Cameron takes Ridley Scott’s original claustrophobic horror masterpiece, and morphs it into a war-movie to rival ‘Saving Private Ryan’. It is a superb adrenaline-rush of a film. At the end of twelve days we can all echo Bill Paxton’s immortal words: Game over, man! Game over! 

MERRY CHRISTMAS! 

BONUS GIFT… 

Carols from King’s 

Christmas Eve, BBC 2, 6pm 

One of the finest examples of Anglican liturgy, perfectly combining atmosphere, music, and scripture. I’ve written a little article explaining why the service of Nine Lessons and Carols is a treasure we must not lose.

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Article
Culture
Economics
Ethics
6 min read

The rights and wrongs of making money with meme coins

When does investing become speculating, or even addictive gambling?
A montage shows Trump with a raised fist against other images of him and the phrase 'fight fight fight'.
$Trump coin marketing image.
gettrumpmemes.com,

Donald Trump’s “liberation day” tariffs may have driven sharp swings in global financial markets, but his actions in markets a few months earlier were in some ways even more peculiar.

On the Friday before his inauguration as the 47th US President in January, the Republican surprised many with the launch of the $TRUMP memecoin, described by its website as “the only official Trump meme”. The cryptocurrency token, in which Trump’s family business owned a stake, initially soared in value to more than $14bn over that following weekend. 

Then, on the Sunday, Trump’s wife Melania launched her own memecoin, $MELANIA, which reached a value of $8.5bn. Even the pastor who spoke at the president’s inauguration subsequently launched his own memecoin. 

For those wondering what exactly a memecoin is, you are not alone. In short, they are a form of cryptocurrency - an asset class that itself has attracted plenty of questions about its substance and purpose - representing online viral moments. They have no fundamental value or business model and, according to the US securities regulator, “typically have limited or no use or functionality”. 

Donald and Melania Trump’s coins subsequently plunged in price, but still have a value of around $2.5bn and $214mn respectively, according to website CoinMarketCap. 

There are plenty of others in existence. PEPE, based on a comic frog, has a value of around $3.6bn; BONK, a cartoon dog, has a market cap of $1.5bn; and PNUT, a reference to a squirrel euthanised by authorities in New York and about which Trump was allegedly “fired up” (although doubt has since been cast on the president’s involvement in the matter), is still valued at around $174mn, despite having fallen sharply in price.  

Dogecoin, seen as the world’s first memecoin and originally created as a joke, boasts a market value of around $25bn. (There are other memecoins which may not be suitable for these pages). 

Some people’s willingness to buy an “asset” with no use or fundamental value may seem strange to more traditional investors. But it can be viewed as just one manifestation of the speculative investor behaviour evident since the onset of the coronavirus pandemic and, indeed, at times throughout history. 

The price of Bitcoin recently rose above $100,000, despite many investors still viewing it as having little or no value (in 2023 the UK’s Treasury select committee described cryptocurrencies as having “no intrinsic value, huge price volatility and no discernible social good”). In early 2021, shares in GameStop - a loss-making US video games retailer that some hedge funds were betting against - rocketed as much as 2,400 per cent, as retail investors piled in, many with the aim of inflicting pain on the hedge fund short sellers (in that respect at least, a highly successful strategy that became the subject of the film Dumb Money). The huge rise in AI and other tech stocks in recent years - until the recent tariff-driven volatility - has also been described as a bubble by some commentators. 

Whether or not such episodes can be compared to infamous bouts of speculative mania in history depends on your point of view (and often can only be judged with the benefit of hindsight) - be it the 17th century Dutch tulip bulb mania, shares in the South Sea Company in the 18th century or the dotcom boom and bust of the late 1990s and early 2000s. 

But it does give rise to the question of when investment should start to be described as speculation or even as gambling? And what are the rights and wrongs of any of those activities? 

There can be negative effects, for instance if the actions of speculators force businesses in the real economy to change their plans or divert time and resources... 

Gambling can be thought of as risking a stake on, for instance, the result of a game of chance or sport in the hope of a bigger payout. While often the result is purely down to chance, in some cases a strategy or an element of research (for instance of a horse or football team’s form) can be used. Investment, in contrast, tends to involve purported economic utility and assets believed to have some sort of underlying value, and holds the hope of future profit (although there are also plenty of bad investments or those that have gone to zero). While an investor must be prepared to lose their entire stake, in some cases such an event is relatively unlikely (for instance, if they buy a fund tracking the performance of a major stock exchange). Speculation is harder to define, but is generally seen as shorter term than investment, with more chance of a bigger gain or loss, and dependent on price fluctuations. Rightly or wrongly, the term has a more negative connotation than investment. 

One writer who explored the ethics of these activities was Oswald von Nell-Breuning, a Jesuit theologian and economist who served as an adviser to the Pope and who was banned from publishing under the Nazis. 

While he found that “one general definition cannot capture all the nuances” of speculation, he identified two different types of speculative activity - one that was purely trying to make a profit from financial market trading, and one based on trying to create a viable business. (See this article in the Catholic Social Science Review for a fuller explanation of Nell-Breuning’s views on speculation). 

As the CSSR article shows, Nell-Breuning found that there can be positive effects from speculation - one might think of better liquidity and price discovery in a market, while, in commodity futures markets, speculators allow producers to hedge risk

But he also argued that there can be negative effects, for instance if the actions of speculators force businesses in the real economy to change their plans or divert time and resources away from production. 

And whereas gambling typically takes place within a circle of players who have chosen to take part, speculation, he wrote, can affect a greater portion of society - for instance, if it affects the price of shares or bonds they hold. 

The Bible - on which Nell-Breuning’s faith and analysis was based - does not take a prescriptive approach to such activities. But it does provide some interesting guidance.  

An entrepreneurial approach to business and investment is applauded, for instance when the writer of the book of Proverbs (traditionally believed to be King Solomon) praises the virtues of “an excellent wife”. These include investing in a field and using her earnings from business to plant a vineyard, and feeding her family from her gains. 

Jesus tells a story of a master who, before going on a journey, gives his property to his servants, each according to their ability. To one he gives five “talents” (a large unit of money), to a second two and to a third servant he gives one. 

The first servant trades with his talents and makes five more talents - a 100 per cent profit - and is applauded by the master on his return. The second servant also trades and similarly makes two more talents and is again applauded. 

But the third servant, being afraid and believing the master to be “a hard man”, hides the money in a hole in the ground. He is condemned as “wicked and slothful”, and told that he should at least have put the money in the bank. 

While Jesus’s story may primarily be about how we view God’s nature, how we use our God-given abilities and whether or not we can take risks in faith for Him, it is also hard not to see investment and indeed wise speculation as being virtuous activities here. Putting the money into a bank account is, in this story anyway, more of a fallback option. 

But the Bible also warns us against putting money above all else in our lives. The love of money is, famously, a root of all sorts of evil, while we are also told to be content with what we have, and that “wealth gained hastily will dwindle”. 

Nell-Breuning similarly warns that a “get-rich-quick” mindset, when this is placed above all else, can be harmful, and advises caution in situations where the lure of big profits can lead the speculator into market manipulation or fraud. 

After all, both gambling and crypto trading have the potential to become dangerous and damaging addictions needing treatment

Ultimately, Nell-Breuning struggled to come to a simple conclusion on the question of whether speculation, in and of itself, is morally wrong. It is, he wrote, a judgment call for those involved. 

When making such decisions ourselves, his - and the Bible’s - warnings may be worth bearing in mind.