 Daniel Gross
Newsweek Senior Editor
Author, Dumb Money
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Stronger, Better, Faster
The reality-based case for American economic optimism. Businesses face a wave of pessimism. There’s a consensus that the U.S. will endure a “lost decade” of Japan-style slow growth. An older, chastened nation is facing higher interest rates, higher taxes, and a rising China. In the absence of a massive new transformative economic force – the next steam engine, the next internet – it’s difficult to see our way clear to a brighter future. But as is so often the case, the consensus is likely wrong. Gross, who wrote Newsweek’s July 2009 cover story declaring “The Recession is Over,” argues that, like the Bionic Man of the 1970s, the American economy is being reconstructed stronger, better, and faster – and smarter. This isn’t an argument based on ideology or fantasy –but rather on history and a close observation of recent events. He identifies the trends, economic developments, companies and uniquely American characteristics that have forged stability and are now driving recovery.
Obamanomics
The first tumultuous year of the new regime in Washington brought a series of wrenching, surprising changes: stimulus, Wall Street regulation, an epic battle over health care, a stunning market recovery, and the unwinding of the dramatic bailouts. How have things gone so far? And what’s on the agenda for 2010? Daniel Gross, Newsweek’s economics editor and lead business columnist, is a regular on the New York-D.C. shuttle, and has interviewed most of the protagonists in the past year. .
New Rules
Before the great recession of 2008, there were a few simple rules for success: plan for breakneck growth and relentless globalization, tap into easy credit, rely on an eternally robust consumer. But the old rules that governed so much of how policy was made, how businesses were run, and how economies were organized have been broken. Today, there are several new rules in force dictating how we approach global and domestic markets, a chastened consumer, and a climate in which credit is constrained. Taken together, they provide a guide to navigating the becalmed economic seas. What lessons can we learn from the companies and countries that grew and gained market share through the deep recession? Daniel Gross spent much of 2008 and 2009 reporting – from China to Colorado – on the new realities on the ground. |
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