Diversion in the News

Gary Grossman Discusses his Political Thrillers on WNBC

Watch the clip here. 

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What America Can Learn From China's Economic Growth

Frank Newman looks at why China’s economy is booming while America’s lags. He looks at why this is the case, and addresses some fundamental misunderstandings about our economy in Six Myths that Hold Back America: And What America Can Learn from the Growth of China’s Economy.

Listen to the interview on The Leonard Lopate Show here.

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Author Examines Six Myths About U.S. Economy

Americans have a profound misunderstanding of the nature of public debt, says Frank Newman, former CEO of Bankers Trust and CFO of Bank of America.  Not only is the public debt never going to be paid off no matter what politicians cut from the federal budget, deficits do not necessarily mean greater tax burdens for future generations.

Read the complete Forbes article here. 

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Should the U.S. be More Like China?

“Six Myths That Hold Back America” author Frank Newman argues the U.S. can learn from the Chinese government and needs to spend more money to grow the economy.

Watch the clip from Fox Business here. 

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In E-books, a New Player

"All I have to do is get them to pay attention and hit a link," he says, estimating that his blog posts attract anywhere from 50,000 to one million readers.

Publication of the book shows how the growing popularity of e-books, and the rise of social media, is altering the publishing landscape. Mr. Cuban, who made his fortune selling a company toYahoo Inc. amid the dot-com boom, says that over the years he has been offered a "ton of money" to write his life story. He always said no, unwilling to take on the requirements associated with traditional publishing.

Read the complete Wall Street Journal article here.

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More Media Ahead for Dallas Mavericks Owner Mark Cuban

"There is no way to price a traditional book release at $3. You have to help the publisher meet their numbers. So not only does the book have to be priced much higher, but the time commitment to promote it via traditional book tours is much more. With an Ebook release I can sit here and promote it on social media and via email interviews, which I like a lot better."

Read the complete USA Today article here. 

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Mark Cuban Explains Why He Self Published

"The time obligations of a traditional release were more than I was willing to undertake. I couldn’t ask for advances and then not want to do a book tour.  Plus, the editorial deadlines were much more forgiving. I made changes hours before the final release."

Read the complete mediabistro article here. 

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Novel rejected? There's an e-book gold rush!

“What’s happening now, with authors able to go directly to their readers without the approval and support of a large publishing house, is a huge game-changer, which will weaken corporate publishing dramatically over time,” says Scott Waxman in an e-mail. Waxman, a literary agent in New York, created Diversion Books, an online e-publishing house, to help self-published writers navigate the cyber market. 

Read the complete Washington Post article here.

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