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Book Review: Better, Stronger, Faster: The Myth of American Decline and the Rise of a New Economy by Dan Gross

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Better, Stronger, Faster: The Myth of American Decline and the Rise of a New Economy by Dan Gross discusses how this time is an era of reconstruction and transformation. After 2009, business investment, exports, auto sales, retail and the consumer savings rate grew incrementally. The economy itself is growing as is the population from 300 million people to 313 million now. This growing population will fuel the demand for goods and services.

Gross explains how auto engineering is focused on building more efficient combustion engines, natural gas, and electric vehicles. The newer autos have a better management of auto idling in traffic so less energy is wasted. Retailers are increasingly vacating space to foreign tenants. Walmart saved huge amounts of money on energy by lowering delivery costs. The new software monitors existing delivery routes more scientifically. More fuel efficient vehicles are another factor in the effort to save money.

Consumers are becoming more efficient in breaking the link between debt and excess consumption according to Gross. New auto services, such as Zip Car, are evolving. With Zip Car, consumers can rent a car for $8.75 an hour on weekdays and $13.75 an hour on weekends. They don’t pay for gas or insurance and they certainly don’t pay interest on auto loans.

The United States now exports fuel, natural gas, ferrous scrap, and turbine engines. Increasingly, the internet is becoming a platform for new businesses and the expansion of existing ones. Soybeans are the biggest export from the U.S. to China.

Housing although weak right now is expected to boom due to the growing increases in the U. S. and global population according to the author. The challenge right now is to deplete the existing surplus stock of housing. Experts believe that this will happen within the next few years.

Exports of U.S. education have been growing with the migration of training and development to overseas locations and increased use of the internet. The export of accounting knowhow continues to strengthen the infrastructure of municipal accounting systems globally, as well as business of every kind overseas.

Better, Stronger, Faster is an important treatise which sets forth the direction the United States is headed in the global economy. Every businessperson, government employee, educator, college student, and parent should read this book to find out what is working in the new global economy.

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About Dr Joseph S Maresca

I've taught approx. 34 sections of collegiate courses including computer applications, college algebra, collegiate statistics, law, accounting, finance and economics. The experience includes service as a Board Director on the CPA Journal and Editor of the CPA Candidates Inc. Newsletter. In college, I worked as a statistics lab assistant. Manhattan College awarded a BS in an allied area of operations research. The program included courses in calculus, ordinary differential equations, probability, statistical inference, linear algebra , the more advanced operations research, price analysis and econometrics. Membership in the Delta Mu Delta National Honor Society was granted together with the degree. My experience includes both private account and industry. In addition, I've worked extensively in the Examinations Division of the AICPA from time to time. Recently, I passed the Engineering in Training Exam which consisted of 9 hours of examination in chemistry, physics, calculus, differential equations, linear algebra, probability/ statistics, fluids, electronics, materials science/structure of matter, mechanics, statics, thermodynamics, computer science, dynamics and a host of minor subject areas like engineering economics. A very small percentage of engineers actually take and pass the EIT exam. The number has hovered at circa 5%. Several decades ago, I passed the CPA examination and obtained another license in Computer Information Systems Auditing. A CISA must have knowledge in the areas of data center review, systems applications, the operating system of the computer, disaster recovery, contingency planning, developmental systems, the standards which govern facility reviews and a host of other areas. An MBA in Accounting with an Advanced Professional Certificate in Computer Applications/ Information Systems , an Advanced Professional Certificate in Finance and an Advanced Professional Certificate in Organizational Design were earned at New York University-Graduate School of Business (Stern ). In December of 2005, an earned PhD in Accounting was granted by the Ross College. The program entrance requires a previous Masters Degree for admittance together with a host of other criteria. The REGISTRAR of Ross College contact is: Tel . US 202-318-4454 FAX [records for Dr. Joseph S. Maresca Box 646 Bronxville NY 10708-3602] The clinical experience included the teaching of approximately 34 sections of college accounting, economics, statistics, college algebra, law, thesis project coursework and the professional grading of approx. 50,000 CPA examination essays with the American Institute of Certified Public Accountants. Additionally, membership is held in the Sigma Beta Delta International Honor Society chartered in 1994. Significant writings include over 10 copyrights in the name of the author (Joseph S. Maresca) and a patent in the earthquake sciences.