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  1. Milken Institute1h 48m

    Silver Linings Playbook: New Momentum for Outcomes-Driven Government

    Matt Horton, Ben McAdams, Jennifer Park, Nancy Augustine, William Glasgall, Michael Grossman, Michael Hammett, Grace Simrall, Ryan Smith, Jen Tolentino

    The National Academy of Public Administration launched its Center for Intergovernmental Partnerships in September 2024 to address systemic fragmentation across federal, state, and local agencies amid an $800 billion annual transfer landscape facing a potential fiscal cliff. This initiative spearheads three strategic projects targeting pandemic compliance, workforce shortages, and "No Wrong Door" service models while promoting outcomes-based financing and data-driven municipal innovations like Louisville's broadband expansion and Durham's driver's license reform. Panelists emphasize normalizing innovation failure to replicate these successful solutions and leveraging American Rescue Plan funds to build long-term evidence capacity rather than relying on temporary revenue replacement.

  2. Milken Institute1h 31m

    Small Business Community: What Happened to Mom and Pop?

    Nigel Duara, Lenore Estrada, Isabella Casillas Guzman, Eugene Cornelius, Jr., Carolina Martinez, Mark J. Robertson, Sr., David Lesher

    Co-hosted by CalMatters and the Milken Institute, this strategic discussion examined the critical recovery challenges facing California's four million small businesses with special attention to the stark disparities affecting communities of color and women-owned enterprises. Featuring newly appointed SBA Director Isabella Casillas Guzman, the event analyzed how the agency's portfolio expansion to over $1 trillion was initially skewed by banking biases, prompting a pivot toward a "Five C's" framework that prioritizes coaching, diverse capital, and community navigation to address exclusion. Looking forward, the SBA is repositioning to connect small businesses with the $500 billion federal infrastructure marketplace while implementing a $100 million Community Navigator pilot to streamline access for underserved entrepreneurs.

  3. Milken Institute1h 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.

  4. Milken Institute1h 38m

    A Conversation with Ray Dalio and Michael Milken

    Ray Dalio, Michael Milken

    Ray Dalio outlines his journey from a 1960s caddie to the architect of Bridgewater's "idea meritocracy," a philosophy forged after a costly 1982 sovereign debt mistake forced him to prioritize objective disagreement over ego. Drawing on historical cycles like the 1974 market crash and 1937 recession, Dalio warns of current parallels in wealth disparity and pension funding gaps while critiquing Bitcoin as a speculative bubble despite China's engineering strengths. His analysis concludes that future economic resilience depends on radical transparency, automation-ready skills, and recognizing that sustainable wealth is a byproduct of value creation rather than an end goal.

  5. Milken Institute1h 31m

    Agent of Change: The California-Israel Global Innovation Partnership

    Professor Itzik-Peterborg, Jay Keesling, Uri, Nati, Mark Gold, Yoram Cohen, Clive Kabat-Zinnick, David Blumberg

    The California-Israel Global Innovation Partnership, established via a 2014 agreement between Governor Jerry Brown and the Israeli Prime Minister, facilitates the cross-border transfer of expertise in water, energy, and biotechnology to help California transition from a startup-centric to a scale-up economy. Key figures including Prof. Jay Keasling, Prof. Itzik Peterborg, and executives from Netafim demonstrated how synthetic biology, digital health solutions, and precision irrigation can decouple agricultural output from resource constraints while addressing California's fragmented governance and water scarcity crises. This collaboration leverages financial protocols and bilateral fellowships to deploy proven Israeli technologies globally, aiming to create a carbon-negative bio-economy and implement real-time conservation incentives that bridge the gap between policy fragmentation and sustainable infrastructure.

  6. Milken Institute1h 36m

    Between Debt and the Devil: Money, Credit and Fixing Global Finance

    Adair Turner, Mike Clouden, Matt Miller, Lord Adair Turner

    Lord Adair Turner, former chairman of the UK Financial Services Authority, argues in *Between Debt and the Devil* that the global economic stagnation following the 2008 crisis stems from a failure to regulate private credit creation, which has shifted predominantly toward real estate speculation rather than business investment. He advocates for radical policy reforms including significantly higher bank capital requirements, strict lending limits on property markets, and the adoption of "overt money finance" to escape persistent low-growth equilibriums. Turner warns that without these structural adjustments and a reintegration of banking realities into macroeconomic models, advanced economies face continued inequality and the risk of social instability.

  7. Milken Institute1h 40m

    Asia Summit 2015 - AIIB and the Evolving Multilateral Lending Landscape

    Mike Milken, Lee Kuan Yew, Jin Li-chun, Tommy Koh, Jin Tong, Tadashi Maeda, Clive Kerner, Elena Okorochinko

    At a Milken Institute discussion, AIIB President-designate Jin Li-chun outlined the bank's lean, clean, and green operational framework designed to complement existing multilateral development banks in addressing a global infrastructure financing gap of $2 trillion annually. With 57 provisional founding members approved and a target to operationalize by year-end, the institution plans to leverage a 2.5 gearing ratio to reach $250 billion in lending capacity while offering flexible financing stages to bridge the $8 trillion Asian infrastructure demand projected for 2030. Although major economies like the United States and Japan remain cautious, stakeholders including rating agencies and the IFC view the AIIB as a strategic partner capable of enhancing credit quality and mobilizing private capital for sustainable development.

  8. Milken Institute1h 42m

    Asia Summit 2015 - Asia’s Future: Perspectives on Prospects and Challenges

    Wing, Kirk Wager, Mike Milken, Cesar, Purisima, Kevin Sneader, Jing Ulrich, Tim Cofer, Achal Agarwal, Sam Fisher, Chris Wei

    This event highlighted the United States' deepening strategic commitment to Southeast Asia, underpinned by a $220 billion cumulative investment in top ASEAN markets and projected to support a middle class growing from 525 million to 1.2 billion people by 2030. Key speakers detailed Indonesia's aggressive fiscal shifts, including a $32 billion subsidy cut and $22 billion infrastructure allocation, alongside the Philippines' demographic-driven growth fueled by its young, English-speaking workforce and expanding manufacturing sectors. Despite short-term currency volatility, the consensus among global corporations and government officials affirmed that Asia's unique blend of urbanization, digital innovation, and rising consumption will anchor the region as the primary engine of global economic expansion.

  9. Milken Institute1h 51m

    The Hot Zone Approach to Battling Gang Violence

    Connie Rice, Rev. Jeff Carr, Malcolm Klein, Charlie Beck, Ray Bercini, Father Gregory Boyle, Brian Center, Mike Clouden, Richard Sandler, Father Greg Boyle, Deputy Chief Charles Beck, Detective Ray Bersini, Deputy Mayor Jeff Carr

    Panelists led by Dr. Malcolm Klein and Los Angeles officials analyze the city's gang crisis, redefining the problem through five distinct gang types while critiquing the current over-reliance on individual-focused interventions. The discussion highlights a strategic shift toward evidence-based policies, such as the "Summer Night Lights" program and collaboration with organizations like Homeboy Industries, which emphasize community hope and structural economic reform over pure suppression. Despite reporting a drop in homicides from 350 to 167, experts warn that sustained political will and a $40 million investment are essential to address the underground economy and prevent a resurgence of violence.