  We develop a new theory of pairing and magnetic spin fluctuation effect near
the quantum critical point. Several novel properties are predicted: 1) based on
a spin fermion model, we derive two new interactions, a) a spin deformational
potential $H_{sdp}$ proportional to the bandwidth $W$ (as opposed to the
considerably smaller exchange coupling $J$ of the nearly antiferromagnetic
Fermi liquid theory) and b) a diamagnetic potential $H_{dia}$, quadratic in a
gauge potential $\vec{A}$. A dramatic increase of $T_C$ is predicted for $0.01
W\leq J\leq 10 W$. This should have immense technological impact in electric
energy production, storage and transmission, as well as for medical
electronics, microwave electronics, computer memory and information storage,
separations technology and maglev, amongst others. The striking prediction to
be confirmed by experiment is that the pairing order parameter
$\Delta(\vec{k})$ is predicted to be $p-$wave, i.e., $l=1$, S=1, as compared to
$l=2$ and S=1 for conventional HTS materials. In addition a novel collective
model is predicted whose frequency, $\omega_L$ is in the optical range and is
determined by $H_{sdp}$.
