Milken Institute
Showing 586–600 of 2094 transcripts.
- 1h 11m
A Conversation with Central Bank of Brazil Governor Roberto Campos Neto
Roberto Campos Neto, Komal Sri-Kumar, Oscar Fahlgren, Raymond Sagayam, Bart Turtelboom, Lilian Zhou
Brazilian Governor Roberto Campos Neto outlined a strategy prioritizing private sector-led recovery and fiscal discipline over further stimulus, citing a robust credit boom and a liquid banking system as foundations for growth despite currency volatility. This stance was reinforced in a broader panel discussion where experts highlighted Brazil's relative stability against global peers, contrasting its emerging market resilience with China's consumption-driven recovery and structural shifts in hard currency debt. Collectively, the session emphasized that sustainable investment in these regions now relies on navigating fiscal fragility, leveraging imperfect information, and aligning capital allocation with long-term ESG and infrastructure priorities.
- 53 min
Predicting Pandemics: Mobilizing an Active Global Surveillance System
Dan Diamond, Francis deSouza, Margaret Hamburg, John Nkengasong
Despite unprecedented advances in viral sequencing speed during the COVID-19 pandemic, experts identified critical systemic gaps in global pathogen surveillance that relied on serendipitous discovery rather than proactive networks. Highlighting stark disparities between nations like South Korea and underserved regions in Africa, leaders such as Francis D'Souza and Dr. Hamburg outlined a $100 million Genomics Initiative and advocated for a sustainable public-private partnership to fund a "One Health" approach. This collaborative strategy aims to integrate human, animal, and environmental monitoring through modern genomic technologies, ensuring real-time detection of emerging threats while addressing the political and structural barriers that hindered previous pandemic responses.
- 1h 2m
Credit Is a Cycle: Finding Opportunity in Turmoil
Lisa Abramowicz, Glenn August, Amy McGarrity, Don Mullen, Justin Slatky
A panel of credit experts including Don Mullen, Justin Slack, Glenn August, and Amy McGarrity debated the trajectory of a nascent distress cycle, with consensus that extraordinary stimulus has delayed but not prevented elevated default rates in sectors like commercial real estate and airlines. While market structure differs from 2008 due to CLO characteristics preventing forced selling, underwriters degraded standards on floating-rate products, creating significant risks in BBB-rated debt and low-quality assets. Participants outlined divergent strategies ranging from mid-cap nimbleness to large-scale capital control, projecting substantial returns in private credit and residential distress while warning that liquid fixed income yields are insufficient for long-term liability goals without opportunistic risk.
- 58 min
Social Isolation: Confronting the Silent Pandemic
Scott Kaiser, Linda Goler Blount, Jeff Huber, Dora Hughes, Kim McCoy Wade
The Social Isolation Impact Summit presented data linking social isolation to severe health risks comparable to smoking, including a 30% increased risk of heart disease and 45% higher mortality among seniors. Following these findings, California is launching a 10-year master plan and multi-sector coalitions to address isolation through housing reforms, digital equity initiatives, and expanded caregiver support programs. The event concluded with calls to prioritize social isolation as a critical social determinant of health and to redirect philanthropic resources toward infrastructure that fosters connection for the aging "oldest old" population.
- 1h 2m
Investing in the New Normal
James Mackintosh, Rishi Kapoor, Faisal Rehman, Michael Strobaek, Maria Vassalou
Leading institutional investors and analysts convened to debate a structural economic shift where central banks maintain suppressed yields, forcing a strategic migration from government bonds into illiquid private markets and technology infrastructure. The panel highlighted a diverging landscape where digitalization drives deflationary pressure and winner-take-all dynamics, prompting SoftBank to target tech giants while Invesco adopts a "picks and shovels" approach to support broader digital transformation. Despite these opportunities, the discussion underscored significant risks including rising inequality, potential regulatory crackdowns, and market volatility as the traditional 60/40 asset allocation model becomes increasingly obsolete in a "low for longer" interest rate environment.
- 1h 3m
Lessons Learned: Market Volatility and Opportunities Ahead
Michael Piwowar, Stephen Berger, Jeffrey T. Dinwoodie, Darrell Duffie, Barbara Novick, Mike Divivar
Panelists Daryl Duffy, Barbara Novick, and others analyzed the February–March 2020 market shock, distinguishing the pandemic's real-economy origins from 2008's financial system crisis while noting that post-regulatory reforms prevented a banking collapse despite severe volatility. The discussion identified specific structural weaknesses in the $20 trillion Treasury and commercial paper markets that necessitated unprecedented Federal Reserve intervention, contrasting these gaps with the resilience demonstrated by centralized derivatives clearing and robust bank balance sheets. To mitigate future moral hazard and improve price discovery, experts proposed immediate regulatory actions including public Treasury reporting, central clearing for commercial paper, and the operationalization of swing pricing mechanisms.
- 1h 2m
Competitiveness, Production, and Logistics in a Disrupted World
Kevin Klowden, Maria Contreras-Sweet, Ian McKay, Rajesh Subramaniam, Jay Timmons
A panel of industry leaders and logistics experts analyzed the profound impact of the coronavirus pandemic on global supply chains, highlighting significant U.S. manufacturing job losses, persistent skills gaps, and the accelerating shift toward reshoring and diversified sourcing strategies. The discussion emphasized critical infrastructure deficiencies, urging a trillion-dollar investment to modernize facilities while addressing complex vaccine distribution challenges through real-time digital monitoring and regulatory streamlining. Strategic recommendations focused on long-term economic recovery through tax incentives for onshoring, expanded workforce training, and a transition to stakeholder-centric corporate models that prioritize sustainability and supply chain resilience.
- 1h 7m
Resilient Infrastructure: Adapting to Turbulent Times
Margot Brandenburg, Debbie Dingell, Katherine Perez, Jonathan Tower, Phillip Washington, Nan Whaley
Panelists including Rep. Debbie Dingell, L.A. Metro CEO Phil Washington, and Dayton Mayor Nan Whaley addressed the $2 trillion infrastructure gap by proposing a shift from competitive grants to formula-based funding and federal loan guarantees to ensure equitable resource distribution. The discussion highlighted specific strategies such as transit fare elimination, broadband expansion, and a blue-green labor-environmental alliance to address structural inequities and workforce bottlenecks while overcoming current legislative gridlock. Despite the House passing the "Moving Forward Act" with a $20 billion Clean Energy Accelerator, these initiatives remain stalled due to political fragmentation, necessitating immediate federal action to fund critical public services.
- 32 min
A Conversation with California Governor Gavin Newsom
California Governor Gavin Newsom addressed the state's unprecedented challenges, including the loss of 1.62 million jobs, historic wildfires, and a severe homelessness crisis, while defending its resilience as the world's fifth-largest economy. Despite admitting early reopening errors, his administration implemented aggressive testing expansions, waived environmental regulations for housing, and launched a $617 million homeless shelter initiative to stabilize demographics and infrastructure. Newsom concluded by advocating for direct democracy reforms and maintaining the state's global innovation leadership despite claims of business flight and political polarization.
- 1h 32m
A Conversation with President of the World Bank David Malpass
David Malpass, Michael Milken, Richard Engel, Sean Cairncross, Chris Coons, Niall Ferguson, Jane Harman
World Bank President David Malpass and US policymakers convened to address a surge in extreme poverty affecting 850 million people while debating debt relief strategies and the geopolitical rivalry between the US-led Development Finance Corporation and China's Belt and Road Initiative. The discussion highlighted the critical need to rebuild human capital through education and healthcare alongside a strategic shift from opaque infrastructure deals to transparent, market-based financing that prioritizes democratic values and shared prosperity. Experts concluded that restoring global partnerships and countering authoritarian influence requires a bipartisan commitment to clean infrastructure and international cooperation to ensure long-term economic stability for developing nations.
- 59 min
Welcoming Remarks by Japanese Prime Minister Yoshihide Suga
Yoshihide Suga, Michael Milken, Todd Gibbons, Thomas Gottstein, Jean Hynes, David M. Solomon
Prime Minister Yoshihide Suga outlined Japan's post-pandemic economic strategy, emphasizing the establishment of a Digital Agency, corporate governance reforms, and safety preparations for the Tokyo Olympics. Complementing these national initiatives, a panel of global financial leaders from BNY Mellon, Credit Suisse, Goldman Sachs, and Wellington Management detailed their rapid digital transformations and aggressive ESG integration during the 2020 health crisis. Collectively, these entities highlighted how the pandemic accelerated the shift toward remote work, private markets, and sustainable investment models, creating a unified framework for future financial stability and growth.
- 34 min
A Conversation with US House Majority Whip James E. Clyburn & Former US Attorney General Eric Holder
Congressman James Clyburn outlined a strategic plan to address pandemic recovery and systemic societal fractures if Democrats secure a unified government in January 2021, emphasizing the need to repair historical fault lines in healthcare, housing, and education. He criticized the current electoral and voting systems as vulnerable to suppression and non-linear societal swings, advocating for eliminating the filibuster for civil rights, restoring the Voting Rights Act, and granting statehood to Washington, D.C., and Puerto Rico. Drawing on the resilience of figures like John Lewis, Clyburn urged activists to prioritize organized turnout in the 2020 election while framing "Trumpism" as a recurring national challenge requiring constant institutional repair to ensure a stable future for the next generation.
- 59 min
National Security: Risk and Responsibility
Jennifer Griffin, Dmitri Alperovitch, Jeh Johnson, Seth Moulton, Mira Ricardel
Former officials and lawmakers including Seth Moulton, Mira Ricardel, and Jay Johnson identify a strategic shift toward great power competition with China, warning that threats from biotechnology, cyber vulnerabilities, and climate change require immediate defense modernization. The panel argues that traditional alliances must evolve into a techno-NATO bloc to counter Beijing's civil-military fusion and asymmetric military strategies, particularly regarding Taiwan and undersea cables. Ultimately, the experts recommend restructuring the defense budget to prioritize AI and quantum computing while implementing public-private cyber frameworks to secure U.S. election infrastructure against disinformation and ransomware.
- 36 min
PRE record Marc Benioff 19 October 2020 V2
Salesforce CEO Marc Benioff champions a stakeholder capitalism model that prioritizes corporate trust and social impact over pure shareholder primacy, evidenced by the company's net-zero status and over $300 million in charitable grants. He introduces the pioneering 1-1-1 philanthropic framework, which has been adopted by more than 5,000 startups, and asserts that ESG factors must be actively priced into stock valuations to reflect true value creation. Benioff argues that leaders must leverage crises like the pandemic to redefine corporate purpose, moving beyond rhetoric to operationalize societal problem-solving through a dedicated "beginner's mind."
- 29 min
A Conversation with US Department of Transportation Secretary Elaine Chao
Elaine Chao, Brian Sullivan, Brian Sondheim
Transportation Secretary Elaine Chao emphasized that the FAA will not recertify the Boeing 737 MAX until it is deemed safe, while simultaneously overseeing a nearly 50% budget increase to fund over $300 billion in infrastructure projects including $4 billion for the MTA. Amidst a pandemic recovery that has seen passenger volumes rebound to one million daily, the Department prioritizes rebuilding public trust through widespread safety measures and economic aid totaling $86 billion for transportation industries. The administration further established an Emerging Transportation Technology Council to regulate innovations like autonomous vehicles and air taxis, aiming to balance safety with private sector growth without endorsing specific technologies.