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  1. Milken Institute1h 1m

    Lunch Program | High Stakes in Cyber-Security

    Paul Irving, Mike Steed, Chris Inglis, Richard Clarke

    Former NSA and Defense officials Chris Inglis and Leon Panetta warn that modern cyber threats have shifted from financial theft to disruptive attacks capable of paralyzing critical private-sector infrastructure, prompting the White House and SEC to implement stricter disclosure frameworks and vulnerability policies. In response, this briefing directs executive boards to elevate cybersecurity to a top-tier risk priority, mandating a strategic shift from static perimeter defenses to resilience-focused architectures that assume an internal breach is inevitable. These directives further emphasize the need for rigorous breach protocols, enhanced due diligence during mergers, and public-private collaboration to address the growing reality of state-sponsored sabotage and insider vulnerabilities.

  2. Milken Institute1h 2m

    China's Economic Outlook: The View from Asia

    Virginia Kamsky, Ha Ji-Ming, Huang Jing, Timothy O

    At an upcoming Milken Institute Asia Summit in Singapore, Dr. Ha Ji-Ming, Virginia Kamsky, and Huang Jing analyze China's structural economic shift from 8% to 6% growth driven by demographic decline and over-investment. The panel highlights critical risks including a massive real estate bubble, deepening household debt, and severe environmental degradation that threatens political stability. Concurrently, they note a strategic pivot where Chinese capital increasingly flows overseas for diversification while domestic reforms face a decade-long timeline to dismantle entrenched state interests.

  3. Milken Institute1h 1m

    Monetary Policy: Forward Guidance on the World's Central Banks

    Dave, Brian Sack, Janet Yellen, Mike, Athanasios, Cliff Noreen, Jeremy Stein, Dan Tarullo, Mario Draghi

    Chair Janet Yellen and FOMC panelists addressed critical shifts in central bank communication, debating the efficacy of dot forecasts versus probability distributions while navigating the transition from a zero-rate regime to imminent tightening. Discussions on economic slack highlighted a pivot toward viewing labor force participation gaps as largely structural, sparking debate over secular stagnation theories and the risks of anchoring policy to negative equilibrium rates. Amidst record corporate debt levels and a historic divergence between the Fed's normalization efforts and the ECB's accommodative stance, experts forecast a gradual rate hike trajectory for 2016 despite persistent uncertainty regarding future inflation dynamics.

  4. Milken Institute58 min

    Fallible: The Risk of Predictions and the Limits of Expertise

    Sam Arbisman, Zachary Carabon, Bethany MacLean, John Rohal, Paul Kudrowski

    A diverse panel of experts from finance, journalism, and science convenes to dissect the inherent limitations of predicting complex systems, highlighting the "Gentleman Amnesia Effect" where trust in expertise overrides direct experience of fallibility. Speakers argue that tightly coupled models fail in social and economic contexts characterized by nonlinear interactions, necessitating a shift from precise forecasting to defining bounds on surprise and prioritizing transparent data inputs. Ultimately, the discussion proposes a framework for evaluating predictors based on failure rates and incentives while warning that the human desire for binary certainty often obscures the fluid, probabilistic reality of financial and scientific outcomes.

  5. Milken Institute1h 4m

    The Arctic: The New Frontier

    Jared Carney, Olafur Grimson, Lawrence Smith, Terry Audla, Torben Moger Pedersen

    At the 2014 Milken Institute Global Conference, a panel featuring Iceland's President Guðni Th. Jóhannesson, Canadian Inuit leader Terry Audla, and experts from UCLA and Pensions Denmark analyzed the Arctic's transformation into a critical global frontier driven by accelerating climate change and opening shipping routes. The discussion highlighted substantial economic opportunities in resource extraction, hydropower, and tourism, while simultaneously warning of severe risks including undefined environmental protocols, infrastructure deficits, and the necessity of stable long-term regulatory frameworks. Emphasizing the urgent need for international cooperation and Indigenous-led governance, the speakers urged Western nations, particularly the United States, to deepen their strategic engagement to prevent marginalization by rapidly advancing Asian and European interests in the region.

  6. Milken Institute1h 1m

    The Business Case for Wellness: Is a Wellness Dollar Worth More than a Treatment Dollar?

    Linda Fried, Nancy Brown, Bill Dietz, Steve Bird, Andy

    A multi-sector panel of healthcare leaders and corporate executives argues that shifting resources from treatment to prevention is now a viable, high-ROI business model capable of reducing US healthcare costs by 40–50%. Successful implementation relies on collaborative strategies between governments, corporations like Safeway, and individuals to address environmental drivers of disease while leveraging technology for personal accountability. Despite persistent socioeconomic disparities and small business constraints, experts agree that aligning financial incentives across payers and providers will create a necessary "culture of health" to reverse the US health paradox within the next decade.

  7. Milken Institute1h 0m

    Secrets to a Healthy Life: Freda Lewis-Hall and Pattie Sellers

    Freda Lewis-Hall, Pattie Sellers, Seth Ginsburg

    During discussions regarding a potential $100 billion Pfizer-AstraZeneca merger, Chief Medical Officer Frida Lewis-Hall outlined her role in overseeing global patient safety and clinical data integrity while addressing the healthcare system's critical fragmentation. She advocates for a shift toward individualized health management where patients act as "CEOs" of their own medical records to bridge gaps in continuity, emphasizing specific metrics like waist circumference and the need for comprehensive family history. Looking ahead, Lewis-Hall calls for intensified collaboration across the public and private sectors to combat the looming economic crisis of Alzheimer's disease and to integrate AI-driven diagnostics into preventative care strategies.

  8. Milken Institute59 min

    Early-Stage Education Ventures: From Incubator to IPO

    Betsy Corcoran, Barbara Kashan, Michael Moe, Zach, Chip Pacek, Eran, Roger Casamon

    The event analyzes a transformative education technology sector where record quarterly investment and improved capital efficiency are driving a surge of over 500 startups focused on measurable student outcomes. Key initiatives, including the University of Pennsylvania's Education Design Studio and the adoption of the "Return on Education" metric, are bridging the gap between academic research and classroom application to address critical infrastructure deficits and procurement barriers. As the industry shifts from linear curricula to adaptive, just-in-time learning models, leaders predict a future where credentials aggregate from diverse sources to democratize access while aligning financial incentives with verified student success.

  9. Milken Institute58 min

    Women, Leadership and Economic Power: Is the Story Being Told?

    Diane Brady, Matt Winkler, Helena Morrissey, Sally Krawcheck, Molly Ashby, Chris Ailman, Colin Tate, Elizabeth Hewitt, Ray Dalio, Nancy Kanwisher, Margaret Brennan, Margaret Warner, Ann Compton, Martha Nussbaum, Angela Batista, David Levinson

    Industry leaders from Bloomberg News, the 30% Club, and Solera Capital, among others, advanced strategies to transform corporate culture by proving that gender diversity directly correlates with improved financial returns, reduced volatility, and more innovative investment outcomes. Key figures like Matt Winkler and Molly Ashby highlighted the necessity of intentional sponsorship over passive mentoring, citing successes such as Bloomberg's doubling of women team leaders and Solera Capital's data-driven approach to overcoming the fundraising confidence gap. Collectively, these initiatives argue that replacing homogenous "cowboy" cultures with diverse, collaborative teams is essential for breaking groupthink and securing sustainable long-term growth in finance and media.

  10. Milken Institute1h 5m

    Private Equity: Rebalancing Risk

    Maria, Leon Black, David Bonderman, John Donachel, Jonathan Nelson

    Prominent private equity leaders including Leon Black, David Bonderman, and Jonathan Nelson discussed a market characterized by high valuations and a 5-to-1 sell-to-buy ratio driven by Apollo Global Management's successful shift toward international capital. The panelists debated sector opportunities, highlighting value in European bank deleveraging and energy while remaining cautious about overpriced consumer retail and the risks of emerging markets. Consensus emerged that successful investment strategies now rely less on pure capital deployment and more on operational expertise to navigate low-growth environments and technological disruption.

  11. Milken Institute57 min

    Jobs in the Developed World

    Peter Passell, Dean Baker, Bethann Bovino, Diana Farrell, Kevin Hassett, Stephen Ratner

    Six economists convened to analyze the persistent divergence between U.S. economic recovery and historical norms, where unemployment remains high and labor force participation has hit a 35-year low. The panel debated causes ranging from aggregate demand failures and long-term unemployment stigma to structural skills mismatches, ultimately converging on the need for policy shifts such as federal work-sharing, immigration reform, and portable benefits. Speakers warned that without addressing these entrenched issues, the U.S. risks a permanently reduced productive capacity and deepening inequality.

  12. Milken Institute59 min

    Political Winds: Previewing the Midterm Elections and Beyond

    Mike Allen, Steve Schmidt, Amy Holmes, Jim Messina

    Prominent strategists and officials convened to warn that the Republican Party faces an electoral "death spiral" unless it adopts moderate stances on immigration and LGBTQ+ rights while replacing outdated data tactics with Silicon Valley-level granularity. The panel highlighted that the 2012 election success relied on micro-targeting specific demographics, a capability Republicans currently lack due to a culture hostile to minority recruitment and a failure to innovate beyond 1980s campaigning models. Looking toward the 2014 and 2016 cycles, experts predicted a Senate flip for Republicans but cast doubt on a general election victory for any nominee who fails to bridge the gap between the party base and the growing non-white electorate.

  13. Milken Institute58 min

    Israel as a Global Health Innovation Beta Site

    Yulia Eitan, Chaim Bitterman, Gary Jacobs, Roger Stein, Yaron Nordorfer, Harlan Weissman, Glenn

    The conference established a consensus to transform global healthcare from isolated technologies into a unified operating system, leveraging Clalit Healthcare Services' comprehensive longitudinal data to drive systemic efficiency and innovation. Key figures including Gary Jacobs and Roger Stein proposed structural shifts in financing and education, such as pooling high-risk biomedical assets and reorienting learning toward problem-solving, to overcome the "Valley of Death" in biotech and reduce chronic disease burdens. These strategies support Israel's ambition to become a global beta site where the government acts as a strategic navigator, funding public-private partnerships and Social Impact Bonds that solve specific clinical challenges defined by the healthcare system itself.

  14. Milken Institute51 min

    Global Game Changers: Constructive Action

    Stephanie Ruhl, Lauren Bush Lauren, Ben Goldhirsch, Fred Swanaker, Shiza Shahid

    The "Global Game Changers" panel featured leaders from FEED, Good, the King's Challenge, the African Leadership Academy, and the Malala Fund as they articulated a convergence of innovation, business, and social impact. These figures demonstrated how for-profit models and educational initiatives are reshaping success metrics from GDP to holistic well-being while addressing critical challenges in food security, youth leadership, and girls' education. The event underscored a broader market shift where millennials and Gen Z demand authentic corporate integration of social good, forcing organizations to adopt business-savvy strategies that prioritize scalable, mission-driven results.

  15. Milken Institute1h 13m

    Revenge of the Superbugs: How Can We Outsmart Killer Microbes?

    Dr. Frieden, Dr. Brilliant, Ronnie, Beth, Walt Ornstein, Dr. Cole, Dr. Price, Larry, Dr. Denise Cardo, Dr. Alvarez, Michael Milken, President Gorbachev

    A panel of global health experts identified three converging risks—novel infectious agents, drug-resistant superbugs, and intentional bioterrorism—that threaten international security through rapid globalization and climate-driven vector expansion. The discussion highlighted critical infrastructure gaps, noting that only one in six countries currently meets International Health Regulations while legacy technology hinders detection, though recent initiatives like Advanced Molecular Detection have accelerated pathogen identification from months to weeks. Emphasizing that government leadership remains essential for equitable response, the panel advocates for robust pandemic preparedness funding and improved hygiene compliance to protect billions from outbreaks that could otherwise cause trillions in societal costs.