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Research Report
Investing in California's Future: Recommendations
from the Milken Institute California Summit

Kevin Klowden, Jason Barrett, Armen Bedroussian, Priscilla Hamilton, Kristen Keough, Stephen Lin, Jaque King, Sindhu Kubendran, Donald Markwardt, Minoli Ratnatunga, Nan Zhang
March 2014

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Milken Institute Review
Milken Institute Review First Quarter 2014
January 2014

In the latest Milken Institute Review, business journalist Larry Fisher looks closely at technology that is literally sneaking up on us. "A host of companies are racing to market with unmanned aerial vehicles intended for non-military applications, from wildlife tracking to real estate marketing to last-mile package delivery," he writes. "The technology is flying ahead, far in advance of regulations governing safety and privacy."

Also in this issue: A look at the sky-high interest rates paid by the working poor for "payday" loans, used to tide them over to the next check, as symptoms of reversible market failure; an optimistic view of the EPA's plans to regulate emissions and their likely effectiveness;; an economic analysis of the Baltic states surprising recovery after the great recession; a survey of the minefield of corporate income tax reform; a look at the crucial role of social services in closing de-stabilizing income gaps between rural and urban settings in China; a view of the gravity of the global "water crisis,"; a rundown of all you need to know about the economics copyright law, and more.
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Research Report
Best-Performing Cities 2013
Ross DeVol,Minoli Ratnatunga and Armen Bedroussian
Milken Institute
December 2013

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Milken Institute Review
Milken Institute Review Fourth Quarter 2013
October 2013

In the latest Milken Institute Review, Ellen Seidman (Urban Institute), Phillip Swagel (Milken Institute), Sarah Rosen Wartell (Urban Institute) and Mark Zandi (Moody's Analytics) offer a sweeping plan for rebooting America's housing finance system. "Our proposal would keep a federal backstop in place, but limit taxpayer risk by putting investors' capital in a first-loss position. We would retain several roles for the feds, including insuring the system against catastrophe, standardizing mortgage securitization and only subsidizing homeownership in visible and easily understood ways."

Also in this issue: Japanese Prime Minister Shinzo Abe's go-for-broke program to jolt the Japanese economy from its slumber, the road to obsolescence for TV programming, Burma's path to integration with the global community, a critical look at personalized medicine, an analysis of Mexico's political and economic future, an outline to the depths in which the Palestinian economy has fallen, and more.
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Milken Institute Review
Milken Institute Review Third Quarter 2013
July 2013

In the latest Milken Institute Review, Alan Manning, economist from the London School of Economics takes on the conventional wisdom that President Obama's proposed $9 minimum wage will price unskilled workers out of the market. The latest research, he says, suggests that a government-mandated increase would actually create jobs. Yet, faced with a conflict between the evidence and 20th century economic models, many economists reject the evidence rather than the theory.

Also in this issue: how to reverse unprecedented problems from the Federal Reserve accumulating more than $3 trillion in assorted securities; the global impact on the resurgence of natural gas; the seductiveness of financial transaction taxes for the EU; the emergence of reflexively protectionist interest groups in supply chain manufacturing; the transformation of small-market baseball franchises into pots of gold; China's new challenges in redirecting the economy; and more.
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