Rick Newman
Showing 1–8 of 8 transcripts.
- Milken Institute42 min
A New Era of Military Technology | Global Conference 2025
Rick Newman, Jeff Cole, Matt Markel, Mariam Sorond
This Milken Institute panel brought together defense technology startups Hidden Level, Epirus, and NextNav to demonstrate how agile, non-traditional contractors are closing critical warfare gaps left by legacy primes. Highlighting specific operational successes, the session detailed Hidden Level's passive radar for rapid drone detection, Epirus's high-power microwave systems for cost-effective kinetic disruption, and NextNav's 5G-based terrestrial positioning as a GPS alternative. Executives and strategists concluded that leveraging rapid-acquisition pathways like OTAs is essential to overcoming bureaucratic inertia while securing US technological resilience against global threats.
- Milken Institute21 min
A Conversation with Eric Schmidt | Global Conference 2025
Eric Schmidt analyzes the evolving Ukraine conflict as a volatile stalemate driven by massive drone production, automated sensor-to-shooter loops, and the obsolescence of traditional armored platforms like tanks and aircraft carriers. He contrasts Ukraine's rapid, two-week innovation cycles against the Pentagon's sluggish 16-year procurement process, arguing that rigid bureaucratic structures prevent the U.S. from adopting necessary autonomous systems. Schmidt concludes that to counter modern hypersonic threats and future high-intensity warfare, the U.S. must pivot from expensive stationary assets to affordable, internet-prosecuted robotic forces integrated with its domestic startup ecosystem.
- Milken Institute1h 1m
Retirement Security: The COVID-19 Wake-Up Call
Rick Newman, Roger W. Ferguson, Jr., Penny Pennington
A comprehensive analysis reveals that pre-pandemic retirement insecurity was exacerbated by a $4 to $7 trillion savings shortfall and the COVID-19 crisis, which forced 11 million fewer Americans into employment and drained the nest eggs of 20% of workers. The crisis has exposed profound racial and gender disparities in wealth accumulation, prompting calls for legislative solutions such as the SECURE Act and Multiple Employer Plans to reduce administrative burdens for small businesses while addressing the projected 2033 depletion of the Social Security Trust Fund. Expert recommendations emphasize a shift toward guaranteed income streams through annuities and the adoption of automatic enrollment mechanisms to counteract longevity risks and behavioral market mistakes that threaten future financial stability.
- Milken Institute1h 1m
Building Tomorrow's Workforce Today
Rick Newman, Pradeep Khosla, Daphne Kis, Chauncy Lennon, Jane Oates
Driven by a paradox of low unemployment and stagnant labor force participation, the U.S. is confronting structural flaws in its outdated training systems and opaque credentialing infrastructure. In response, initiatives like Credential Engine are deploying transparency databases while educational models such as P-TECH and Swiss-style apprenticeships are scaling to align workforce skills with industry demands. Despite these reforms, experts warn that addressing equity gaps and a looming faculty shortage remains critical to transitioning from a degree-centric culture to one focused on long-term adaptability and competency-based matching.
- Milken Institute1h 0m
Unbound: Retraining the American Workforce
Cheryl Strauss Einhorn, Arthur Bilger, Allen Blue, Shernaz Daver, Ellen Hughes-Cromwick, Jamie Merisotis, Rick Newman, Nan Morrison, Joel Garrison, Bill Gates
A panel of experts analyzed the failure of traditional supply-driven workforce models to address the needs of nearly two million super-underemployed Americans amid rapid industrial automation. They highlighted successful localized interventions, such as LinkedIn's Skillful pilot and Southern New Hampshire University's competency-based partnerships, which align training with immediate employer hiring needs rather than lagging behind economic shifts. The discussion concluded that solving these systemic inequities requires a multi-actor ecosystem of employers, educators, and government officials to replace ineffective policies like Universal Basic Income with targeted, networked support systems.
- Milken Institute59 min
Portfolio Strategies That Mitigate Political Risk
Rick Newman, Ellen Ellison, Marina Gross, Karen McQuiston, Alyssa Rieder, David Freeman, Marina Cooperman, Daniela, Martin Mlinar, Julie Siegel, Justin, Peter Barron, Eric Noel, Ruth Bader Ginsburg Jr.
Panelists from the University of Illinois Foundation and Dignity Health argued that geopolitical risk has shifted from frontier-specific instability to a dominant source of political volatility in developed markets, challenging traditional probabilistic modeling frameworks. In response to late-cycle valuation constraints and heightened populism, institutional investors are increasingly deploying active management strategies and allocating capital to alternative asset classes like private equity and distressed debt to capture dislocation opportunities. The discussion concluded that while specific regimes like Russia remain excluded due to rule-of-law deficits, diversification and higher risk premiums serve as the primary mechanisms for mitigating the converging impacts of political and economic uncertainty.
- Milken Institute59 min
Real Estate: Housing Builds a New Foundation
Rick Newman, Stan Humphreys, Jeffrey Gundlach, Larry Mizell, Jed Kalko, Steve Brown
A recent industry analysis details a housing market characterized by declining sales volumes, stagnant household formation, and severe affordability strains driven by high mortgage rates and restrictive lending standards. Experts such as Jeffrey Gundlach and Larry Mizell describe a secular shift from an investor-led recovery toward a "renter phase," where supply constraints in major urban hubs and demographic changes limit new home starts to cyclical lows. While future forecasts predict a slowdown in price appreciation to around 3%, the sector faces complex pressures from rising interest rates, potential GSE reform, and a long-term transition away from traditional single-family homeownership among younger cohorts.
- Milken Institute1h 1m
Housing: An Asset Class or a Place to Live?
Scott Garrett, Jeff Greene, Emile Haddad, James Litinsky, Rick Newman, Jim Latinsky
Following a bottom in sales, the housing market has stabilized with prices rising 9% year-over-year, yet experts attribute the current recovery to artificial government support that creates unsustainable low mortgage rates and a heavy reliance on GSE bailouts. A severe shortage of entitled land in high-growth regions combined with massive private and foreign investor activity is constraining supply, while panelists warn that a return to free-market interest rates could collapse the recovery if buyers cannot qualify at 5% or 6%. Although policymakers aim to reform GSE dominance over the next two decades, the consensus remains that the current era of financial repression has mispriced assets and risks a future correction once subsidies are reduced.