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Milken Institute Review
Milken Institute Review Third Quarter 2014
July 2014

In this issue of the Milken Institute Review, Charles Castaldi, a former NPR reporter in Central America, explains how a Nicaraguan strongman and Chinese billionaire are planning to dig a $50 billion canal that will eclipse its rival to the south. "The decision to move forward on a project of this scale took a lot of time to make, of course," allows Castaldi. "Well, not really: the speed with which the concession was granted would make those who have been struggling obtain approval to build the 36-inch Keystone XL pipeline for the last six years green with envy."

Also in this issue: a report card on Abenomics, the Japanese prime minister's Hail Mary play to jolt the economy out of its rut; an analysis of the emerging Trans Pacific Partnership, "the most ambitious trade agreement the United States" has ever negotiated; an attack on the prevailing wisdom that Hollywood's road to success will be paved with ever-fewer, ever-more-expensive mega-movies; an argument for a no-strings-attached, "universal basic income approach" to reducing poverty; an explanation of why Russia's slippage into economic stagnation won't be easy to reverse; an estimate of the waste created by subsidies in countries that make gasoline as cheap as 9 cents a gallon at the pump; and an analysis of the unraveling of Thailand's economy and polity and how it might be reversed.
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Viewpoint
The Market-Driven Energy Revolution
Joel Kurtzman
The Wall Street Journal
June 2014


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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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