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  1. Goldman Sachs12 min

    Neil Berg, Composer, Lyricist and Producer: Talks at GS Session Highlights

    Neil Berg

    Neil Berg, a playwright who abandoned a planned career in law to pursue musical theater after an emotional breakthrough during his university years, discusses the rigorous demands of the industry and the necessity of treating art as an unavoidable calling. His current project, the rock musical "The 12" about the apostles, won the 2015 Henry Award following a difficult collaborative evolution with Tony winner Robert Schenken that required discarding existing compositions to align on a strict book-first structure. Berg further outlines essential mechanics for musical storytelling, emphasizing that successful productions rely on the precise alignment of approximately 50 collaborators and the strategic use of opening songs to establish character desires within the first ten minutes.

  2. 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.

  3. Milken Institute1h 33m

    Building a 21st Century Workforce and Market – What’s the Solution? (KPCC Forum Series)

    Matt Horton, John Cohn, Ben Bergman, Kevin Clowden, Vontone Quinlevin, Jessica Goodhart, Russell Ragsdale

    Presenters analyze California's severe economic challenges, including a 5.9% unemployment rate and housing unaffordability, alongside a critical workforce shortage driven by the decoupling of productivity and employment numbers. In response, local utilities like Southern California Edison and community colleges are piloting "earn while you learn" programs and expanding Career Technical Education to fill high-paying middle-skill roles in sectors ranging from solar energy to advanced manufacturing. The discussion concludes that future regional competitiveness depends on shifting toward a continuous retraining economy supported by micro-credentials and targeted government procurement to sustain local employment growth.

  4. Milken Institute1h 31m

    Staying Afloat During the Drought: Using Technology to Reshape Our Relationship to Water

    Steve Gregory, Kelly Sanders, Nick Haan, Lorcan O’Herlihy, David R. Pettijohn, Andrew Fahlund, Matt Horton

    Co-hosted by the Milken Institute and KPCC, this forum convened experts to address California's unsustainable water reliance through strategies like the Los Angeles Department of Water and Power's goal to cut imported water use by 50% by 2024. The discussion highlighted innovative approaches including decentralized neighborhood capture, the Singularity University global challenge for new water sources, and a shift toward treating energy and water as an interconnected system. Panelists ultimately identified conservation, recycled water, and agricultural efficiency as the most immediate solutions while noting persistent legal and structural barriers to implementing tiered pricing and direct potable reuse.

  5. Milken Institute1h 24m

    The Open Data Opportunity: How Government Information Can Change the Way California Does Business

    Kevin Cloud, Jason Barrett, Ben Welsh, Deep Varma, Alex Padilla, Alicia Ruo, Ted Ross

    California Governor Jerry Brown recently signed AB 169 and SB 272, mandating that state and local agencies publish machine-readable data and comprehensive inventories to shift operations from information hoarding to transparency. This legislative framework has catalyzed economic efficiency, enabling private firms like Trulia to reduce engineering overhead while allowing cities such as Los Angeles to eliminate costly redundant systems through public-private partnerships. Despite facing challenges regarding data quality, talent gaps, and cultural resistance, these reforms aim to standardize information across jurisdictions to enhance government performance and citizen decision-making.

  6. Bank of America22 min

    Effectively Managing Your Small Business’s Cash Flow

    Carol Roth, Will Barr, Max Eliscu, Rieva Lesonsky, Steve Strauss, Cheryl Roth, Max Elliske, Riva Lassonski

    Expert panels define cash flow as the critical narrative tool for business survival, emphasizing that small business owners face the primary challenge of delayed client payments that often exceed standard Net 30 terms. To mitigate risks such as missed opportunities and payroll failures, stakeholders recommend implementing daily monitoring, maintaining a six-month operating reserve, and utilizing technology to accelerate revenue inflows. The consensus strategy for stabilizing finances involves securing lines of credit proactively and adopting the "cash flow yoga" approach of collecting payments faster than expenses are paid.

  7. Milken Institute1h 17m

    The Silo Effect: The Peril of Expertise and the Promise of Breaking Down Barriers

    Gillian Tett, John Seely Brown, Conrad Kieschel

    The event examines the "Silo Effect," a cognitive and organizational fragmentation that drove failures ranging from the 2008 financial crisis to Sony's missed digital opportunity, while offering proven strategies to dismantle these barriers. It details how intentional physical design, data integration in New York City, and cultural shifts at organizations like the Cleveland Clinic and Facebook foster necessary "productive friction" to restore holistic vision. Ultimately, the discussion emphasizes that overcoming rigid classification requires leadership to prioritize unstructured collaboration and individual efforts to consume diverse perspectives to prevent future catastrophic breakdowns.

  8. The Economist15 min

    Prison: how to break the cycle of reoffending?

    Olly Matthews, Hans Petter Hansen, Bobby Frances, Bill Kleiber, Alex Garcia

    A comparative analysis of the United States and Norway's justice systems reveals that while American reentry programs face high recidivism due to inadequate resources and harsh decision-making transitions, Norway's Bastøy Prison achieves a 16% recidivism rate by fostering inmate autonomy and self-sufficiency. Retired Texas Judge Bobby Francis exemplifies a shift in the U.S. toward specialized reentry courts that balance strict accountability with rehabilitation, contributing to a 16% reduction in state incarceration rates since 2001. Despite these reforms, experts warn that without prioritizing rehabilitation over punitive measures, the current system remains insufficient to prepare the millions of inmates for sustainable reintegration into society.

  9. Milken Institute56 min

    London Summit 2015 - Creating an Enabling Environment for Growth in Africa (I)

    Henry Obi, Chinelo Anohu-Amazu, Gachao Kiuna, Scott Mackin, Ali Mufuruki, Ebele Okobi

    A panel of investment leaders and institutional managers outlined how closing Africa's critical power deficit requires shifting domestic capital, such as Nigeria's and Kenya's expanded pension funds, into long-term infrastructure projects that offer equity returns exceeding 20%. By prioritizing industrial electricity over consumer-focused tech and avoiding markets plagued by fiscal indiscipline, firms like TransCentury and Denim Capital are demonstrating that basic infrastructure execution generates outsized yields despite prevailing risk narratives. This strategic pivot aims to transform the continent from a mere consumption market into a productive economy capable of sustaining high growth through localized, capital-efficient models.

  10. Milken Institute1h 3m

    London Summit 2015 - Bridging the Talent Divide: Demand-Driven Education for a Diverse Workforce (I)

    Mark Cahill, Nancy Altobello, Meabh Quoirin, Richard Socarides, Tim Stewart, Aniela Unguresan

    Leading global organizations and educational institutions are redefining workforce development by shifting from rigid academic credentials to experiential "liquid skills" and peer-to-peer learning models in response to automation and demographic shifts. Key figures from EY, GLG, and various universities emphasize a shared responsibility among governments, businesses, and individuals to implement apprenticeships, mandate non-linear career paths, and prioritize cognitive diversity over traditional pedigree. This collaborative evolution aims to close the skills gap by restructuring degree programs, normalizing diverse hiring practices, and fostering a culture where continuous reskilling and emotional intelligence serve as the primary drivers of employability.

  11. Milken Institute59 min

    London Summit 2015 - Investing in Art as an Asset Class: Passion or Profit? (I)

    Iain Robertson, Philip Hoffman, Howard Lewis, Clare McAndrew, Lucian Simmons

    A comprehensive panel discussion explores the global art market's $51 billion scale, analyzing its heavy skew toward high-value transactions and the divergent strategies of institutional investors versus speculative collectors. Experts debate the asset class's liquidity, authentication risks, and regional dynamics, particularly the shifting power of the Chinese market and the volatility of emerging sectors. The consensus highlights a projected 30-year growth trajectory driven by diversification needs, though participants caution that returns range from significant losses to 10% annualized gains depending on strict adherence to blue-chip selections and ownership cost management.

  12. Milken Institute1h 2m

    London Summit 2015 - e-Access: Technology Opens Doors to the Rural and Remote (I)

    Daniel Gorfine, John Fallon, Michael Macharia, Samer Salty, Gary Stewart

    Hosted by Daniel Gorfine of OnDeck, a panel including leaders from Zoo Capital, Telefónica, Pearson, and 7C Technologies explored how mobile technology and public-private partnerships are transforming critical sectors in Africa. The discussion detailed successful case studies such as Kenya's conversion of post offices into service hubs, off-grid solar adoption in Tanzania, and hybrid education models that address global literacy gaps. Panelists emphasized that overcoming bureaucratic friction and funding gaps requires shifting government metrics from inputs to outcomes while fostering scalable, commercially viable alliances between incumbents and startups.

  13. Milken Institute58 min

    London Summit 2015 - Innovative Finance: Solving SMEs’ Capital Access Dilemma (I)

    Brian Knight, Thomas Davies, Shalini Khemka, Lucy Vernall, Rob Young, Tom Davies

    A panel of leaders from OnDeck, Funding Circle, Seedrs, and E2E Exchange discussed how regulatory shifts and high bank costs have driven a capital gap for SMEs that alternative finance platforms are now filling through rapid, data-driven lending models. These innovators highlighted their success in democratizing investment for retail investors while navigating distinct regulatory landscapes in the UK and US to balance accessibility with necessary consumer protection. The event concluded with a consensus that traditional banks will increasingly partner with fintechs rather than compete, signaling a future where alternative financing becomes a normalized, integrated component of the global financial ecosystem.

  14. Milken Institute58 min

    London Summit 2015 - Tech Rx: Harnessing Big Data to Cure Disease

    Margaret Anderson, Mary Baker, Albert Bourla, Gianrico Farrugia, Nicole Mather, Nicola Perrin

    Hosted by Margaret Anderson of Faster Cures, this session united stakeholders from the European Brain Council, Mayo Clinic, Pfizer, and the UK government to discuss leveraging big data for accelerating disease cures. Key speakers highlighted critical progress in utilizing real-world data for clinical decisions while underscoring persistent barriers regarding data quality, privacy regulations, and public trust. The collective outcome emphasized a strategic shift toward unified global data infrastructure and patient-centered outcomes to transform biomedical research from hypothesis generation into actionable, equitable therapies.

  15. Milken Institute1h 0m

    London Summit 2015 - City Life: New Designs for an Urban Planet (I)

    Kevin Klowden, Claire Cockerton, James Goldsmith, Nicolaus Henke, Bridget Rosewell, Duncan Swinhoe

    This analysis examines the economic and demographic pressures facing major urban centers, highlighting that while mid-sized cities drive future global growth, infrastructure and housing deficits threaten stability in hubs like London. Key strategies to address these challenges include repurposing assets for innovation clusters, implementing preventative health initiatives, and leveraging devolved power to foster regional collaboration. Ultimately, the discussion advocates for agile urban planning that prioritizes walkability, mixed-use environments, and community-based care to sustain cities against a backdrop of rapid population growth and aging demographics.