Milken Institute
Showing 1441–1442 of 1442 transcripts.
- 8 min
European Debt Crisis with Komal Sri-Kumar, Senior Fellow at Milken Institute
Komal Sri-Kumar, Jennifer Manfre, Kamal Shree Kumar
Kamal Shree Kumar, a chief global strategist and Milken Institute fellow, critiques the European Union's flawed €750 billion response to the sovereign debt crisis by identifying solvency issues in nations like Greece and questioning the feasibility of the IMF's funding conditions. With the Euro depreciating and multiple member states violating fiscal discipline caps, the analysis predicts that either forced debt restructuring or the expulsion of marginal countries will likely occur within weeks. These escalating Eurozone instabilities pose direct transmission risks to the United States through reduced export demand, heightened banking exposure, and a potential credit crunch driven by surging US dollar LIBOR rates.
- 7 min
2008 State of the State - Funding State Government
This analysis attributes California's budgeting crisis to a deficit in governance capacity driven by structural flaws like term limits, gerrymandered districts, and an overreliance on the initiative process rather than partisan gridlock. It contrasts the state's declining legislative performance with historical bipartisan precedents of fiscal responsibility, advocating for reforms such as multi-year budgeting, strengthened rainy day funds, and an open primary system to restore institutional trust. The presentation concludes that without these structural changes to foster consensus-based leadership, California risks political upheaval and a loss of future competitiveness.