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  1. Milken Institute1h 22m

    Imperial Gamble: Putin, Ukraine, and the New Cold War

    Putin, Marvin Kalb, Jerrold Green, Gerald Greene

    The 19th Annual Global Conference at the Beverly Hilton, moderated by Gerald Greene and featuring journalist Marvin Kalb, presents a comprehensive analysis of Vladimir Putin's psychological drivers and Russia's strategic miscalculations in Syria and Ukraine. Kalb argues that Western diplomatic failures, particularly regarding NATO expansion, exacerbated Russian resentment while revealing the fragility of Putin's grip on power amidst a crumbling economy and severe internal societal decay. The event concludes with a critique of the modern media's inability to hold leadership accountable and recommends immersive literary study of works like *Imperial Gamble* to better understand the historical and cultural narratives underpinning the conflict between Russia and the West.

  2. Milken Institute1h 29m

    The Indentured Class: The Social Costs of Student Debt (KPCC Forum Series)

    Debbie Cochrane, Maureen McRae Goldberg, Devon Graves, Perry Wong, Melanie Sill, Matt Horton, Adolfo Guzman-Lopez, Shane Bush, Inez Bush, Dustin Davis, Michael Hopper, Rabbi Jason Rosner, Caroline, Jennifer Childress, Bob Deutsch, Amber Carter, Ramon

    Co-presented by KPCC and the Milken Institute, the "Rescuing the California Dream" series convenes experts including Melanie Sill, Debbie Cochran, and Perry Wong to examine the economic impact of soaring student debt on Southern California's workforce and social stability. Panelists detailed alarming statistics, such as the 99% of borrowers owing under $100,000 and the severe default rates at for-profit institutions, while discussing structural barriers like the lack of bankruptcy protections and the "brain drain" of educated workers fleeing high-cost living areas. The dialogue concluded with policy recommendations ranging from expanded income-driven repayment plans and institutional risk-sharing models to mandatory financial literacy education, aiming to shift the focus from merely reporting problems to enacting concrete solutions for an affordable future.

  3. Milken Institute1h 12m

    2015 CA Summit - Perception vs. Reality: Is California Business Friendly?

    Eric Garcetti, Michael Milken, John Chiang, Donna Davis, Steven Mnuchin

    Los Angeles Mayor Eric Garcetti and panelists highlighted the city's transformation into a global model for economic growth, driven by streamlined permitting processes, a $25 million Bolloré Group investment, and record job creation in sectors ranging from aerospace to digital media. While the event celebrated LA's surge to the second-largest U.S. financial hub and its status as the world's top green technology incubator, speakers also confronted critical challenges including high real estate costs, housing unaffordability, and a regressive tax structure that threatens to drive out talent. Forward-looking recommendations centered on creating a digital one-stop shop for business compliance and leveraging the city's diverse demographics to capture international markets.

  4. Milken Institute1h 18m

    2015 CA Summit - Water: Protecting California’s Lifeline

    Kevin Klowden, Martin Adams, Paula Landis, Carlos Riva, Kelly Sanders, Lester Snow

    Facing its driest five-year period in five centuries, California is mobilizing $7.4 billion from Proposition 1 to modernize aging infrastructure and reduce reliance on collapsing snowpack while addressing seismic risks to its water conveyance systems. State agencies and private entities are implementing diverse strategies ranging from the Carlsbad desalination plant to direct potable reuse, though these investments must navigate complex energy dependencies and insufficient groundwater metering. Ultimately, the state is transitioning from a 100-year-old management philosophy to a sustainable model that integrates local self-reliance, market mechanisms, and aggressive conservation to ensure water security for its 300,000 residents currently lacking safe drinking water.

  5. Milken Institute1h 2m

    2015 CA Summit - Building Better People Movers: The Future of Transportation in California

    Laura Nelson, Tony Canova, Brian Kelly, Rob Lloyd, Tara Roth, Julie Schoenfeld

    California is implementing a comprehensive transportation transformation that shifts from highway expansion to corridor-focused strategies integrating dynamic pricing, cap-and-trade revenue, and massive investments in high-speed rail and electric vehicle infrastructure. State officials and industry leaders, including Governor Jerry Brown and representatives from Hyperloop Technologies, are advancing aggressive targets for 1.5 million EVs and new transit projects while navigating regulatory frameworks for autonomous vehicles and public-private partnerships. Despite challenges such as funding timelines for the Purple Line extension and the competitive race between high-speed rail and Hyperloop for the Los Angeles-San Francisco corridor, the state continues to prioritize multimodal connectivity to reduce emissions and accommodate over 80% of transit riders who lack personal vehicles.

  6. Milken Institute44 min

    2015 CA Summit - Powering California’s Economy: A Conversation with John S. Watson

    John S. Watson, Brian Sullivan

    John Watson outlines a severe global energy downturn driven by oversupply and resilient U.S. shale production, projecting hydrocarbons will still satisfy 75% of energy demand two decades from now. He critically contrasts this reality with California's restrictive regulatory environment, arguing that high costs, environmental mandates, and inefficient policies are driving corporate out-migration and stifling economic growth despite the state's status as a major energy and agricultural hub. While detailing Chevron's strategic focus on cost discipline and specific international LNG projects, Watson advocates for nuclear and natural gas expansion over current subsidy structures to achieve effective carbon abatement without undermining economic stability.

  7. Milken Institute1h 0m

    2015 CA Summit - Honing California’s Edge in Technology and Entertainment

    Jane Wells, Beatriz Acevedo, John Bolton, Jason Kirk, Chris Williams

    This discussion analyzes the Los Angeles digital media ecosystem, highlighting its unique blend of entertainment infrastructure and emerging technology sectors where companies like Maker Studios, Flippagram, and MeToo operate alongside traditional aerospace giants. Key outcomes include the strategic acquisition of Maker Studios by Disney to capture millennial audiences, the pivot of Zephyr toward B2B rights management, and the significant challenge of recruiting engineering talent in a region historically dominated by creative figures. Furthermore, the event outlines future growth vectors in virtual reality and mobile video monetization while addressing critical hurdles such as H-1B visa restrictions and the need for culturally diverse content strategies.

  8. Milken Institute1h 0m

    2015 CA Summit - Opening the Golden Gate: Strategies to Attract Foreign Direct Investment

    Curtis S. Chin, Caroline Beteta, Juan Carlos Briseño, Sonnet Hui, Brian Peck, John Scull

    Leading experts and officials convened to address California's status as the top U.S. recipient of foreign direct investment while confronting rising competition and regulatory hurdles such as CEQA and restrictive visa policies. Panelists from government, venture capital, and real estate sectors, including Hazen's Group and Visit California, emphasized the critical need for infrastructure upgrades, federal immigration reform, and unified regional branding to sustain economic growth. The dialogue highlighted specific opportunities to deepen ties with Mexico and China through enhanced student exchanges and strategic public-private partnerships, aiming to translate tourism demand into tangible manufacturing and technology investments.

  9. Milken Institute1h 5m

    2015 CA Summit - Notice to Proceed: Clearing a Path for Infrastructure Financing

    Dale Bonner, Samara Barend, Teveia Barnes, Marc Levine, Dean Palumbo

    A panel of California Assemblymember Mark Levine, I-Bank official Tavia Barnes, and industry leaders from AECOM and Plenary addressed the state's $64 billion infrastructure maintenance gap and the political hurdles hindering effective public-private partnerships. The discussion highlighted the need for legislative reforms to accelerate project timelines, the adoption of innovative financing tools like third-party verification and tax-exempt bonds, and the potential of technology to reduce costs and increase operational efficiency. Speakers emphasized that while local agencies are successfully leveraging private capital for delivery, the state must overcome risk aversion and bureaucratic delays to meet the 2.5% GDP investment benchmark required for adequate infrastructure growth.

  10. Milken Institute1h 2m

    2015 CA Summit - Fostering Innovation to Improve Health Care

    Ross DeVol, Donald Crane, Ed Hernandez, Richard Merkin, Kristen Miranda, Art Torres

    Leading health stakeholders convened to address California's critical healthcare challenges, including a bifurcated payment system introduced by the 2015 MACRA law and the accelerating market consolidation among insurers like Blue Shield and Anthem. Panelists highlighted that while innovations such as the Heritage Health Prize and joint data exchanges offer promise, systemic barriers like low Medi-Cal reimbursement rates and a 300% pay disparity between specialists and primary care providers continue to drive costs and exacerbate workforce shortages. The discussion concluded that without shifting from volume-based to value-based models and addressing demographic disparities in Covered California enrollment, unchecked consolidation may force government rate regulation to protect consumers.

  11. Milken Institute1h 18m

    The Conservative Heart: How to Build a Fairer, Happier and More Prosperous America

    Arthur C. Brooks, George F. Will, Mike Clouden

    Arthur Brooks delivers a comprehensive argument that free enterprise, driven by aspiration and moral sentiment rather than greed, is the most effective mechanism for lifting billions out of poverty while warning against the spiritual emptiness of material attachment. He critiques current cultural and educational stigmas against skilled trades and calls for "breakout leadership" to foster bipartisan cooperation centered on opportunity for the poor. The session concludes with a Q&A and book signing for Brooks' work, *The Conservative Heart*, exploring strategies to balance economic success with endogenous life goals.

  12. 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.

  13. 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.

  14. 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.

  15. 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.