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Michael Likosky
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Michael Likosky (PhD Oxford Law) is a Principal and Co-Head of the Infrastructure practice at 32 Advisors. He is an Expert to the O.E.C.D., United Nations and Clinton Global Initiative. Likosky has advised US Treasury, US Senators, Governors and Mayors. He has written five books on infrastructure, financial crises, and economic growth: Obama's Bank: Financing a Durable New Deal (Cambridge); Law, Infrastructure and Human Rights (Cambridge); Transnational Legal Processes (Cambridge); Privatizing Development (Martinus Nijhoff); and The Silicon Empire (Ashgate). His work has been supported by Ford Foundation, Rockefeller Foundation, Arts & Humanities Research Council, Markle Foundation, and Chatham House.

Entries by Michael Likosky

The California Infrastructure Bank Modernizes

(0) Comments | Posted June 16, 2016 | 4:41 PM

The California Infrastructure Bank (I-Bank) recently issued a $400 million plus Green Bond. The proceeds are going to much-needed water projects in the state. Given the dire situation caused by the drought, money is being deployed swiftly.

Another Green Bond issuance, perhaps more, is in the works. Green Bonds...

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The Obama-Ryan Resurgence of Renewables

(3) Comments | Posted January 6, 2016 | 12:33 PM

A bipartisan consensus in America is now putting President Barack Obama's signature Paris Climate Accord into action. We have House Speaker Paul Ryan and the President working in lockstep to direct the country into a clean energy future.

The latest piece of legislation lifting the longstanding ban on oil exports...

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The Private Infrastructure Opportunity

(0) Comments | Posted July 20, 2015 | 6:51 PM

Across America, cities and states remain cash strapped. At the same time, they have tremendous needs to modernize infrastructure projects and build new ones in order to grow out of crisis. Private equity funds and other global investors are positioning themselves to step in and supply money to pay for...

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Solving America's Infrastructure Crisis

(3) Comments | Posted April 16, 2015 | 6:05 AM

Most Americans are now well aware that we have an infrastructure crisis that goes beyond long commute times. We all nod in agreement when some of our airports are likened to those of Third World countries.

Our bridges do collapse and our levies do break.

More quietly advanced...

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Infrastructure and Spaghetti Investing

(0) Comments | Posted July 10, 2014 | 12:58 AM

Advocates of infrastructure are guilty too often of throwing spaghetti at the wall and seeing what sticks. We've got poll numbers to justify almost any infrastructure investment. This only reinforces things.

Investing in infrastructure for its 'multiplier' effect will not get the economy moving any faster. We do not need...

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Gov. Scott Demands More Handouts

(1) Comments | Posted May 23, 2013 | 5:59 AM

President Barack Obama stood in front of the Port of Miami Tunnel a few weeks ago to make clear that he supports private investment in public infrastructure. It turns out that Florida Gov. Rick Scott prefers federal money.

The Port of Miami project closed during the height of the global...

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Obama & Buffett Bullish on P3s

(0) Comments | Posted April 4, 2013 | 2:32 PM

Last week was a big one for public-private-partnerships:

On Friday, President Obama fleshed out his partnership plan, which he had announced during the State of the Union and the American Society of Civil Engineers issued its annual Report Card on infrastructure. We got a bump because of partnerships in the...

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Our Public-Private Partnership President

(0) Comments | Posted March 15, 2013 | 2:20 PM

In his State of the Union Address, President Obama embraced public-private partnerships. This was treated as a departure. However, no president to-date has embraced partnerships as whole heartedly as Obama has.

In fact, the chalkboard of the widely circulated picture of Obama teaching class at the University of Chicago...

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SOTU: Obama Embraces Public-Private-Partnerships

(2) Comments | Posted February 21, 2013 | 7:01 AM

In November of 2009, President Obama asked his Economic Recovery Board:

Obviously we're entering into an era of greater fiscal restraint as we move out of deep recession into a recovery. And the question I've had is people still got a lot of capital on the sidelines there...
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Utopists Geithner and Clinton Honor Infrastructure Banks, Promote Partnerships

(0) Comments | Posted November 16, 2012 | 12:52 PM

Out of the ashes of the Second World War emerged a Utopia vision -- rather than solve problems through military means, we could maintain the peace by investing across borders and promoting human rights.

U.S. Treasury Secretary Timothy Geithner is one of the main advocates of this Utopian vision along...

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Bipartisanship Post-Labor-Day: P3s and a National Infrastructure Bank

(0) Comments | Posted August 29, 2011 | 3:53 PM

We can expect proposals in the coming weeks aiming for a domestic economic surge, putting Americans back to work. But Americans should be wary of four types of proposals:

  1. Ones not designed to kick in before a 2013 inaugural address.
  2. Ones not enjoying broad bipartisan support.
  3. Ones dramatically increasing public...
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Agreeing on Austerity: It's Harder Than It Looks

(0) Comments | Posted July 25, 2011 | 9:40 PM

America is not the only country now struggling to restructure its public balance sheet. However, we are peculiar in two ways.

First, typically governments in crisis restructure their public sector in exchange for a financial lifeline from a foreign government or international financial institution. For instance, Greece is restructuring...

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A New Debt Ceiling Proposal: a Future Fund

(0) Comments | Posted July 11, 2011 | 1:29 PM

Both the grand and modest proposals for addressing the debt ceiling are misconceived. Like much of what comes out of Washington these days, it is not particularly inspiring. The idea of shared sacrifice as a public value is fine. However, why should many Americans, who have become accustomed to shouldering...

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Crisis Philanthropy: Partnerships & Co-Investment

(1) Comments | Posted July 6, 2011 | 4:11 PM

United States Supreme Court Justice Oliver Wendell Holmes was fond of saying, "leverage is everything." Today, philanthropy is coming to recognize the value of this insight as essential to fulfilling sector-wide shared missions. The leaders of major foundations - Judith Rodin of Rockefeller, Luis Ubinas of Ford, Bill and Melinda...

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Clinton Global Initiative America: Problem-Solvers Not Provocateurs

(5) Comments | Posted July 1, 2011 | 12:31 PM

There's plenty of money eager to find ways of investing in America's resurgence. However, we suffer from a bad case of provocateurship -- we have too many Attention Entrepreneurs who judge an argument's value by whether Fox News, MSNBC, or others looking for waste/fraud/abuse in government or the commercial world...

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Let Wave Two Begin -- Obama, Geithner and an Infrastructure Bank

(3) Comments | Posted June 24, 2011 | 4:32 PM

In the late 1930s, when we faced a double-dip depression, Marriner Eccles, the chairman of President Franklin Delano Roosevelt's Federal Reserve, worried that our mounting debts and real need for public investment would be hampered by a prevalent sentiment that "unwise spending seems to be spending for the other fellow."...

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Fareed Zakaria's Republican Case for a National Infrastructure Bank

(1) Comments | Posted June 22, 2011 | 10:28 AM

Fareed Zakaria recently joined a growing group supporting a National Infrastructure Bank. His piece, though, moves the ball forward. Zakaria begins to make the case for Republican and Tea Party support. Let's flesh it out a bit.

Zakaria makes two main arguments:

  1. An American Infrastructure Bank would make...
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America: 21st Century's First Emerging Economy

(12) Comments | Posted June 9, 2011 | 11:03 AM

By most accounts, our representatives in Washington will find a way of raising the debt ceiling to avert financial crisis. However, our deficit is not going away anytime soon. We can expect many more rounds of this fight over how we meet out shared sacrifice. We must shift our focus...

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From Shared Sacrifice to Shared Prosperity

(5) Comments | Posted May 28, 2011 | 1:00 PM

President Obama announced an executive order in the Wall Street Journal not long ago to revisit our regulatory agencies to make sure that they promote economic growth and other public values in the areas of safety, health, and the environment. The point was widely misunderstood as an attempt...

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Kerry's American Infrastructure Bank

(2) Comments | Posted March 15, 2011 | 7:02 PM

Today, a rare thing happened in the United States Senate. A major bill was unveiled aiming to invest in America's infrastructure. It has bipartisan sponsors -- Senator John Kerry (D-MA) and Senator Kay Bailey Hutchison (R-TX). Tom Donohue (President and CEO of the US Chamber of Commerce) and...

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