Milken Institute
Showing 1696–1710 of 2077 transcripts.
- 1h 3m
2014 London Summit - The Future of Trading
Philip Allison, Adena Friedman, Mark Hemsley, Barb McKenzie, Seth Merrin, Jamil Nazarali
Panelists from Nasdaq, Carlyle, and Principal Global Investors analyze the transition from a manual securities model to an electronic ecosystem marked by regulatory divergence between the US and Europe. The discussion highlights concerns regarding fixed-income liquidity risks and market structure debates over dark pools, noting that institutional de-risking and retail withdrawal have shifted capital toward passive funds and alternative geographies. Experts conclude that while market fairness is often questioned, improved education on best execution and proactive regulatory engagement are essential to mitigate algorithmic risks and restore investor confidence.
- 1h 0m
2014 London Summit - Technology: The Great Disruptor
B. Bonin Bough, Claire Cockerton, David Koenig, Matt Ridley, Adrian Wooldridge
Recent data reveals a dramatic acceleration in corporate turnover, with the average lifespan of S&P 500 companies shrinking to 18 years as technological innovation drives "creative destruction" across sectors from healthcare to finance. Speakers highlighted how legacy organizations must adopt self-disruption strategies and partner with agile startups to survive, while noting that emerging technologies like blockchain, AI, and frugal innovation are democratizing access to capital and services in ways that bypass traditional institutional barriers. Despite these shifts, the summary identifies critical challenges including regulatory lag, infrastructure brittleness, and the need for policy reforms to prevent incumbents from stifling the very competition that fuels their own survival.
- 1h 1m
2014 London Summit - Urbanization: How to Build a Better City
Taimur Hyat, David Lutton, Mary Ricks, Harry van Dorenmalen, Katie O'Reilly, Maria Athena Papathanassio, Rob Gardner, Conrad, Sandra
This event analyzes the accelerating global urbanization trend, where cities are projected to house the majority of the population within decades while generating a virtuous cycle of economic growth through labor density and innovation. It identifies critical barriers to this expansion, including severe housing affordability crises in metropolises like London, infrastructure funding gaps, and the risks of reverse brain drain caused by high living costs. Strategic solutions presented include adopting CEO-style leadership models, leveraging public-private partnerships for infrastructure, and repurposing distressed assets to ensure sustainable, inclusive city development.
- 1h 0m
2014 London Summit - Asia Under New Management: Investors Gamble on Regime Change
Narendra Modi, Joko Widodo, David Carden, Curtis S. Chin, Julius Gaudio, Atsi Sheth, Komal Sri-Kumar
Panelists including David Carden, Julius Gaudio, Atsi Sheth, and Curtis Chin analyze a strategic pivot in non-Japan Asia from geographical analysis to cross-border thematic risks like water security and demographic shifts. The discussion highlights how internal structural challenges in India and Indonesia, alongside rising nationalism in Thailand and Myanmar, complicate reform narratives while credit risks and local capital pools reshape investment dynamics. Ultimately, the experts warn that political resolve in China and potential geopolitical instability pose significant threats that economic interdependence may fail to mitigate.
- 55 min
2014 London Summit - Have Central Banks Created an Asset Bubble?
Willem Buiter, Ousmène Mandeng, Robert Seminara, Zak Summerscale, Staci Warden, David Zervos, Wilhelm Stelzenmüller
Panelists led by Wilhelm Stelzenmüller argue that asset bubbles stem from private sector responses to forced central bank liquidity due to fiscal paralysis, rather than direct central bank creation. The discussion contrasts risks in leveraged private equity and covenant-lite loans with the broader credit market, while identifying ineffective post-2008 monetary frameworks and Eurozone structural deficits as key drivers of stagnation. Experts conclude that sustainable recovery requires comprehensive fiscal stimulus and structural reforms, warning that reliance on monetary expansion alone will eventually force a burst of the current credit bubble.
- 56 min
2014 London Summit - Talent Without Borders: Building a Global Workforce
Gregory Cappelli, Kris Engskov, Sonia Gardner, Jody Greenstone Miller, Toby Peyton-Jones, Richard Ditizio, Charles Lubar, Sunil Krishnan, Mike Milken
This summit addressed the global transition from traditional employment to a fluid, skills-based economy where millions in Southeast Asia join the middle class and U.S. workers increasingly navigate multiple careers. Leading organizations like Siemens and Starbucks implemented strategic reforms, including rapid curriculum updates and tuition funding, to bridge the widening skills gap while redefining retention through value alignment and flexible "learning and earning" models. Panelists concluded that outdated regulatory frameworks and rigid corporate structures must evolve to support a diverse, freelance-heavy workforce, emphasizing that cultural purpose now supersedes financial compensation in attracting top talent.
- 7 min
2014 London Summit - Lunch
The Milken Institute Annual London Summit, hosted by Managing Director Katie O'Reilly, convenes global policymakers and industry leaders to bridge the gap between theoretical research and applied economic solutions. Operating as a non-partisan entity, the organization leverages its distinct centers in Singapore, Washington, D.C., and New York to advance prosperity through job creation, financial market reform, and accelerated medical innovation. With a strategic shift toward the United States and Africa to counter European pessimism, the summit aims to integrate these regional dynamics into a cohesive global strategy focused on practical implementation.
- 1h 3m
2014 London Summit - Global Overview: Geoeconomics vs. Geopolitics
Marisa Drew, Mo Ibrahim, Anne Richards, Nirmala Sitharaman, Alexander Yakovenko, Francine Lacqua, Mike Clowden
At the final annual Milken Institute London Summit held at the Tower, a panel of global leaders including Indian Finance Minister Nirmala Sitharaman and Russian Ambassador Alexander Yakovenko debated the shifting dynamic where geoeconomics is supplanting traditional geopolitics. The discussion highlighted a decisive pivot toward emerging markets as India and the "Big 7" surpass the G7 in purchasing power parity, while simultaneously addressing critical risks such as regulatory fragmentation, rising extremism, and the limitations of European monetary policy. Ultimately, the summit concluded that adapting to sustained market volatility and leveraging technology will be essential for global stability and future economic growth.
- 1h 0m
2014 London Summit - Risk
Shaukat Aziz, Wesley Clark, Sir Richard Dearlove, Tina Fordham, Ronald Waldman, Philip Coggan
Distinguished experts including General Wesley Clark and Shaukat Aziz convened to declare the current global era more unstable than the Cold War, driven by fractured P5 leadership, the rise of non-state actors, and severe health security gaps exposed by the Ebola outbreak. The panel analyzed how shifting geopolitical dynamics, such as Russia's strategic maneuvers and the fragmentation of the Middle East, have exacerbated risks ranging from terrorism to economic recession across Europe and beyond. Ultimately, the discourse concluded that while scientific and military solutions exist for these systemic threats, the absence of collective action and the resilience of populist movements leave the world uniquely vulnerable to future crises.
- 1h 3m
2014 London Summit - Collaborating to Fund Bioscience
Margaret Anne Craig, Steve Ford, David Loew, Mark Treherne, John Reed, Margaret Anderson
Industry leaders and UK government officials convened to address the critical friction of clinical trial attrition, highlighting exponential biotech growth in European hubs alongside the urgent need for new biomarkers to de-risk neurodegeneration research. Major pharmaceutical players like Roche and Sanofi are engaging in pre-competitive collaborations to pool data and reduce sample sizes, while academic institutions face pressure to shift from publishing-centric models toward translational commercialization. Simultaneously, patient advocacy groups and policymakers are advocating for consolidated funding strategies and digital tools to align European charitable efforts with US-scale initiatives and accelerate the development of disease-modifying therapies.
- 43 min
Milken Institute Review Live: Jason Furman
Jason Furman, Deanna Farrell, Stacy Ordon, Greg Simon, Matt Stoller, Valerie Ruxell
A comprehensive analysis examines the decoupling of productivity and median income growth in the US and Europe, attributing rising inequality to shifts in labor distribution, capital accumulation, and the erosion of unionization. The discussion contrasts Thomas Piketty's capital-centric forecasts with secular stagnation theories while evaluating policy interventions from the Obama Administration, such as tax credits and the Affordable Care Act, which successfully reduced post-tax inequality by half a decade. Furthermore, the presentation argues that high inequality hinders economic growth and proposes targeted labor market reforms, minimum wage adjustments, and early childhood education investments to restore productivity without sacrificing equity.
- 30 min
2010 State of the State Conference Introduction and Opening Remarks
The 12th Milken Institute State of the State Conference convened over 700 stakeholders under the theme "Restoring California's Promise" to address critical gaps between the state's strong entrepreneurial ecosystem and its deteriorating fiscal health. Presentations highlighted severe economic challenges, including a 4.1% GDP contraction in 2009, a ranking drop in higher education attainment, and pension liabilities projected to outpace tax revenue within four years. In response, the institute and attending business leaders advocated for permanent federal R&D tax credits, modernized export controls, and regulatory reforms to stimulate job creation and halt business relocations to states with lower operational costs.
- 1h 22m
E-commerce: Emerging Trends and Business Models
Josh Berman, Doug Mack, Jamie Nordstrom, Jean-Francois Van Kerckhove, Peter Comisar
Industry leaders analyzed the rapid expansion of U.S. e-commerce to nearly 8% of total retail sales while highlighting strategic shifts from multi-channel integration to mobile-driven, personalized commerce models by companies like Nordstrom and One Kings Lane. The discussion emphasized how data curation, flash sale scarcity mechanics, and in-store mobile technology are transforming consumer behavior from search-based transactions to impulsive, entertainment-focused shopping experiences. Looking ahead, panelists projected that international growth in emerging markets will be driven by vertical-specific platforms and the continued blurring of online and offline retail boundaries over the next five to seven years.
- 57 min
Don't Wait for the Next War: A Strategy for American Growth and Global Leadership
General Wesley K. Clark promotes a comprehensive peacetime strategy centered on achieving energy independence through liquid hydrocarbons and biofuels to address five existential challenges including the rise of China and climate change. He argues that this approach, funded by a carbon tax, would boost GDP growth, isolate adversaries like Russia and Iran, and provide the economic foundation necessary to stabilize the Middle East without reinstating the draft. By shifting focus from partisan values to a unified national vision, Clark contends the United States can activate idle industrial capacity and establish a sustainable framework for global leadership.
- 1h 23m
MI Forum - Innovating Women - The Changing Face of Technology
Sharon Vosmek, Dane Stangler, Anousheh Ansari, Vivek Wadhwa, Farai Chideya, Mindy Silverstein
Moderated by Mindy Silverstein, a Milken Institute forum featuring Vivek Wadhwa, Anusha Ansari, Dane Stangler, and Sharon Vozmek dissected the systemic gender biases in Silicon Valley's venture capital ecosystem and the economic benefits of inclusive innovation. The panel highlighted how exclusionary networks and "pattern recognition" practices result in women founders accessing a fraction of available capital despite evidence that diverse teams outperform male-only counterparts by 64%, prompting Wadhwa to crowdsource his book *Innovating Women* to fund a Singularity University initiative. Addressing both global and local barriers, the speakers advocated for shifting from mandatory quotas to cultural normalization of diversity, early STEM mentorship, and increased angel investing by women to unlock the projected 6-9% GDP growth derived from full female economic participation.