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Welcome

Ever notice that the world is full of experts who have never actually done what they are "experts" at?

Many a business professor has never actually managed a business. Most business courses stress defining business terms but never actually teach the concepts of running a business.

This blog hopes to teach some of the terms and, at the same time, give some examples and lessons on running a business.

There will also be reviews of books on business listed here. Sometimes companies give me books to review. Regardless of where I get the book to review, I will give my honest opinion. If I was given the book to review I will always disclose that in the review.

I seek to start posting on 02 January 2012. Some of the posts will be recycled from some of my other blogs.

The reader should know that there is no one “Right Way” to conduct business that will apply in all situations. This blog is meant as a place to start. It is hoped that you will perform further research and consult professionals experienced in your particular business before making any important decisions.



30 May 2013

Setting Sun: The End of U.S. Economic Dominance


Setting Sun:

The End of U.S. Economic Dominance
By Brandon Adams

 
I have just completed the book Setting Sun: The End of U.S. Economic Dominance by Brandon Adams and I have to say I found it to be very well written and informative. In my line of work, I have to read all the time.

 

Normally, I am reading dry, scholarly research papers, many of which are on economics.  These reports go on and on and put the reader to sleep.  Brandon Adams has managed to take that same type of work and make it interesting.

 

I am not going to tell you that you will be riveted to your seat and not able to put the book down.  What I will say is that if you are looking for a clear, relatively easy to understand explanation of the economy and why we are where we are in the United States, this is a good book to read.

 

Brandon Adams does not bombard his readers with a lot of economic theory nor does he attempt to make conclusions that are off base or unsupported.  This book is not a dry textbook kind of read, but very much like talking to a teacher who understands that students do not already know everything there is to know about the subject.

 

The reader will not need a collegiate dictionary handy to read this book.  The author explains the few terms that are not easy to understand. 

Throughout the book, the author explains his position on certain economic events of the past, why he believes things are the way they are now, and what could happen in the future.

To be fair to the reader, I can see that the author has not had to rely on Medicare to take care of medical expenses.  If he had, he would know that Medicare does not provide a blank check to the elderly and disabled.  In fact, it pays for very little and makes the patient jump through hoops to use it. 

To answer a question he stated in the book, yes, Medicaid should pay for braces.  It does not in all states.  My daughter’s cardiologist insisted that she needed braces because proper dental care is essential in the health of the heart. 

When we told other doctors that our daughter has Marfan’s syndrome, they would chuckle and say, “Who told you that?” When we told them the name of the doctor, invariably the response would be, “Well, he would know.”  Simply put, braces are often an essential part of overall health. 

 

If you are interested in the economy, even at a basic level, you should read Setting Sun: The End of U.S. Economic Dominance.  It could very well aid you in understanding the economic situation today and help you see what is happening in the future.



Disclosure of Material Connection: I received this book free from the author through his research assistant.. I was not required to write a positive review.  The opinions I have expressed are my own.  I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255 http://www.access.gpo.gov/nara/cfr/waisidx_03/16cfr255_03.html : “Guides Concerning the Use of Endorsements and Testimonials in Advertising”.
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The opinions or advice listed in this blog/website  should be used as a place to start only. It is not a substitute for the use of a professional.

Please be sure to consult your attorney and/or accountant with any specific questions.
There is no one right answer to any business question that will cover all circumstances.

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