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* Ebook Obama's Bank: Financing a Durable New Deal, by Michael Likosky

Ebook Obama's Bank: Financing a Durable New Deal, by Michael Likosky

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Obama's Bank: Financing a Durable New Deal, by Michael Likosky

Obama's Bank: Financing a Durable New Deal, by Michael Likosky



Obama's Bank: Financing a Durable New Deal, by Michael Likosky

Ebook Obama's Bank: Financing a Durable New Deal, by Michael Likosky

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Obama's Bank: Financing a Durable New Deal, by Michael Likosky

How should the Obama administration lay a solid foundation for growth? As Michael Likosky describes, the Obama Bank can forge partnerships with the private sector to promote a durable twenty-first-century New Deal. The idea is to partner with the private sector to produce public goods such as high-speed rail, clean energy, information technology, drinking water, and other vital infrastructures.

  • Sales Rank: #1671874 in Books
  • Brand: Likosky, Michael
  • Published on: 2010-09-20
  • Released on: 2010-11-18
  • Original language: English
  • Number of items: 1
  • Dimensions: 8.98" h x .79" w x 5.98" l, 1.16 pounds
  • Binding: Paperback
  • 392 pages

Review
"Drawing on his deep understanding and wide-ranging experiences with public-private partnerships, Michael Likosky's book provides essential insight on how to structure a national infrastructure bank effectively, in a way that maintains the public interest, keeps America competitive in the 21st century global economy, and provides the critical investments needed to rebuild our nation."
- U.S. Representative Rosa L. DeLauro (Connecticut)



"Michael Likosky has pulled together every major issue that must be addressed during the creation of the new National Infrastructure Bank. His explanation of each of the many demands being made of this great concept is followed by a clear and concise description of the elements of the organization that can best respond. After reading Obama's Bank, one not only understands the grand scale of what must be done, but also knows exactly how to get there."
- Stanton C. Hazelroth, Executive Director, California Infrastructure and Economic Development Bank



"The notion of an infrastructure bank for the United States is not new. However, Michael Likosky has done what no one else has: looked at all of the key questions that, to this date, have been unanswered. In Obama's Bank he issues a challenge to those who have introduced national infrastructure bank proposals: think very practically about what needs an infrastructure bank can efficiently address, focus on getting the details right, and move beyond talking points to action."
- David Chavern, Chief Operating Officer, U.S. Chamber of Commerce

About the Author
@font-face { font-family: "Verdana"; }@font-face { font-family: "Cambria"; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: "Times New Roman"; }div.Section1 { page: Section1; } Michael Likosky, JD DPhil (Oxford Law), is Senior Fellow at NYU's Institute for Public Knowledge and also directs the Center on Law & Public Finance at the Social Science Research Council. He was previously the professor in International Economic Law at the University of London, and has held visiting posts and fellowships at Oxford Law, NYU Law, University of Bonn, Fordham Law, and University of Wisconsin Law.  Likosky is an Expert to the OECD, the United Nations Conference on Trade and Development, and the Académie Internationale de Droit Comparé.  He is the lead international legal expert in infrastructure, energy and extractives financing to the United Nations World Investment Reports and also contributes to its World Development Report.  Likosky advises international organizations (OECD, UN, IDLO), government officials (Members of US Senate and House, the California Business, Transportation & Housing Agency, the California State Infrastructure and Economic Development Bank, State Agencies, and Treasurers), leading investors (D. E. Shaw, Credit Suisse, Goldman Sachs, Morgan Stanley, Prudential), major firms (ABC, CBS, Deloitte, ESPN, NBC), and non-profits (Ford Foundation, Amnesty International, Transparency International, Laborers' International Union of North America, Service Employees International Union, Trades Union Congress).  His work has been supported by the Ford Foundation, Rockefeller Foundation, Markle Foundation, and Arts and Humanities Research Council.  He is a blogger at Huffington Post, and his work appears in outlets such as the New York Times, Wall Street Journal, Bond Buyer, BNA, American Banker, Guardian UK, Los Angeles Times.  He is a regular contributor to the Oxford Amnesty Lectures.

Most helpful customer reviews

0 of 0 people found the following review helpful.
A PROPOSAL FOR "PUBLIC-PRIVATE PARTNERSHIPS" TO MOVE THE ECONOMY
By Steven H Propp
Michael Likosky directs NYU's Center on Law & Public Finance and is a Senior Fellow at NYU's Institute for Public Knowledge; he has also written books such as Law, Infrastructure and Human Rights (Law in Context), The Silicon Empire: Law, Culture And Commerce (Law, Justice, and Power), etc.

He wrote in the Introduction to this 2010 book, "My own hope ... is not that we vilify government-industry relations or quixotically aim to do away with them. Instead, the purpose of writing this book is to advocate bringing to the fore their justification... This book focuses on how to model partnerships so as to advance their public interest aims." (Pg. 3) He adds, "This book advocates for a single mega-bank combining traditional infrastructure sectors along with clean energy in far greater depth than currently envisaged." (Pg. 5)

What Likosky calls "the Obama Bank" is "a stand-in for an approach to recovery." (Pg. 12) He argues that "the Republican free market approach in practice involves the government advancing a certain set of interests... As Obama observed, globalization was a government policy that advantaged some while structurally disfavoring many others." (Pg. 15-16)

He explains, "The Obama Bank is an effort to turn the most appealing aspects of this foreign affairs model inward. The bank itself is modeled on our U.S. export infrastructure banks and the intergovernmental ones. Just as these banks use companies as foreign policy organs to accomplish specific goals such as social and economic development, we will use our own bank to create incentives for companies to accomplish policies promoting the common good. In fact, the Obama Bank aims to do for ourselves what we have been doing for others over the last twenty-five years." (Pg. 25) Later, he adds, "Achieving the appropriate mix is a public policy question... the bank looks at projects differently than does a private-sector partner." (Pg. 61)

He makes the strong point, "the United States and its allies made massive investments in a basic global infrastructure, laying the telecommunication lines and water pipes, building the power plants, constructing roads, and ... the global public infrastructure that was a precondition to the creation of a world factory system. Before we laid this public infrastructure, it was not possible to outsource manufacturing away from the United States. Literally no workable phone lines existed to make call centers possible or to allow the global integration of the monetary system... massive public investments ... were a prerequisite to the global economy as we know it today." (Pg. 112-113)

This is a fascinating book with exciting suggestions for future development. (Unfortunately, "political reality" will likely doom such ideas from being actively considered.)

0 of 0 people found the following review helpful.
Obama's Bank
By Margaret
Great ideas about new ways of looking at issues that we have to deal wit at all levels of government.

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