Saturday, April 27, 2013
5:30 pm - 10:00 pm
Sunday, April 28, 2013
9:00 am - 11:30 am
A special private gathering with a group of prominent families to discuss some of the most important issues facing them today - from family dynamics and creating a meaningful legacy to intergenerational succession planning. This discussion offers a select group of influential individuals, families and philanthropists firsthand information in an off-the-record, roundtable setting. The program will include valuable insights from financial executives and thought leaders as well as family members themselves.
Moderator
Richard Ditizio, Executive Director, Business and Program Development, Milken Institute
Speakers
Alexander Friedman, Global Chief Investment Officer, UBS AG
Michael Milken, Chairman, Milken Institute
Randy Ottinger, Co-Founder and Executive Vice President, Kotter International
Anthony Pritzker, Managing Partner, Pritzker Group
Josef Stadler, Global Head UHNW, UBS AG
Thomas Tierney, Chairman and Co-Founder, The Bridgespan Group
11:00 am - 4:30 pm
Speakers
Tony Blair, Former Prime Minister, Great Britain and Northern Ireland
Eric Cantor, U.S. Congressman and Majority Leader
Jared Carney, CEO, Lightdale, LLC
Bob Casey, U.S. Senator
David Cote, Chairman and CEO, Honeywell; Steering Committee Member, Campaign to Fix the Debt
Richard Ditizio, Executive Director, Business and Program Development, Milken Institute
Scott Garrett, U.S. Congressman
Thorsten Heins, President and CEO, BlackBerry
Michael Klowden, CEO, Milken Institute
Andrew N. Liveris, President, Chairman and CEO, The Dow Chemical Company
Jack Markell, Governor, State of Delaware; Chairman, National Governors Association
Michael Milken, Chairman, Milken Institute
Rupert Murdoch, Chairman and CEO, News Corporation
Aram Shishmanian, CEO, World Gold Council
Robert Thomson, CEO, News Corporation Publishing Group
12:00 pm - 8:00 pm
1:30 pm - 3:30 pm
Moderator
Paul Irving, President, Milken Institute
Speakers
Ken Lombard, President, Capri Urban Investors LLC; Partner, Capri Capital Partners LLC
Michael Milken, Chairman, Milken Institute
John Rogers Jr., Founder, Chairman and CEO, Ariel Investments LLC
Kneeland Youngblood, Founding Partner, Pharos Capital Group
5:00 pm - 7:00 pm
7:00 pm - 9:00 pm
Monday, April 29, 2013
6:00 am - 8:00 pm
6:00 am - 8:30 am
7:30 am - 9:00 am
This session will convene representatives from leading corporations, investors and subject matter experts to discuss important topics, trends and strategies related to foreign direct investment. Among the issues to be explored are quality governance, regulatory challenges, transparency and the Foreign Corrupt Practices Act. The Milken Institute seeks to enable the seamless flow of capital and commerce around the world by connecting capital-rich multinational firms and investors with countries willing to implement best practices to create, accelerate and sustain long-term economic growth and development through the Access to Global Capital Initiative.
Moderator
Cheryl Strauss Einhorn, Financial Journalist; Adjunct Professor in Business and Journalism, Columbia University
IntroductionBy
Mindy Silverstein, Managing Director, Milken Institute
Speakers
Tony Blair, Former Prime Minister, Great Britain and Northern Ireland
Paul Coulson, Chairman, Ardagh Group
H.E. Paul Kagame, President of the Republic of Rwanda
Seth Merrin, Founder and CEO, Liquidnet
William Pearce, Acting Head, Investment Funds Department, OPIC
Thomas Perrelli, Partner, Jenner & Block; Former Associate U.S. Attorney General
8:00 am - 9:15 am
Politics is on the minds of global investors and economic observers. In the United States, debt pressures, ideology and other factors led to the struggle over sequestration, yet the recovery is progressing. Europe is still afloat, but the lifeboat is prone to leaks. In China, a new leadership group is trying to revitalize economic growth amid the pressure of rising needs - which implies growing consumer demand. At the start of the 2013 Global Conference, we'll bring experience and judgment to bear on the unknowns of the global economy and markets. Will central banks modify their activist stance? Where are costs rising or falling, and will that change the direction of capital flows? How long can inflation stay tame? Are the next big opportunities in minerals, manufacturing or technology?

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Moderator
Alexander Friedman, Global Chief Investment Officer, UBS AG
Speakers
Madelyn Antoncic, Vice President and Treasurer, The World Bank
Willem Buiter, Chief Economist, Citigroup
Terry Duffy, Executive Chairman and President, CME Group
Mohamed El-Erian, CEO and Co-Chief Investment Officer, PIMCO
Ken Griffin, Founder and CEO, Citadel
8:00 am - 9:15 am
America's investment in bioscience, especially through the National Science Foundation and the National Institutes of Health, accelerated for several years beginning in 1998. Today, we're reaping the return on that investment as what once seemed impossible becomes routine. Precision medicine is reducing suffering and deaths, and processes that once took years and cost millions - think sequencing the human genome - get faster and cheaper by the day. But those advances are merely a prologue. We're at the dawn of a scientific revolution that will save, extend and improve the quality of people's lives across the planet while easing the tremendous economic burden of health care. Moreover, bioscience holds promise for solving seemingly intractable global challenges related to energy, access to clean water and sustainable food production. How do we quicken this work? Who will fund it? And how can the participants in the bioscience ecosystem work together more effectively?

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Moderator
Michael Milken, Chairman, Milken Institute
Speakers
Eric Cantor, U.S. Congressman and Majority Leader
Paul Chew, Senior Vice President, Chief Medical Officer and Head of Global Medical Affairs, Sanofi
Margaret Hamburg, Commissioner, U.S. Food and Drug Administration
Bernard Harris Jr., Founder and President, Harris Foundation; CEO and Managing Director, Vesalius Ventures, Inc.
Geoffrey Ling, Deputy Director, Defense Sciences Office, DARPA
9:00 am - 11:00 am
Despite decades of government aid and charitable giving, economic growth in frontier markets remains stagnant. The goals of eradicating poverty, quickening growth and improving the health of the growing global population require substantial, long-term funding sources. From credit enhancements to advance market commitments, donors are looking for new, innovative tools to encourage more effective and predictable aid flows. Market-based approaches that align the interests of donors, local governments and the private sector are becoming increasingly popular in the philanthropic world. This private session will bring together traditional and impact investors, business and philanthropic leaders and global health experts to strategically explore and "test" new finance models to support health. The conversation will build on the Milken Institute's work supported by the Bill & Melinda Gates Foundation to strengthen the innovative finance ecosystem and advocate for increased, diversified funding for global health.
9:30 am - 10:30 am
The world is changing rapidly - that's the only constant. What's different about how it's changing now? Europe is still mired in a debt crisis and economic slump. But the worst didn't happen and the euro zone is intact. China did slow down, but avoided the hard landing that many feared. And while the U.S. still faces mountains of debt, the economy is growing again and companies are hiring. On the other hand, North Korea threatened a nuclear attack on the U.S. and fired shells into the ocean near South Korea. A bloody civil war persists in Syria, while Egypt and much of the Arab world lurch to (and from) democracy. All the while, fears of energy scarcity are being replaced by visions of abundance. This panel will examine this new world and the tensions that keep policymakers up at night.

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Moderator
Joel Kurtzman, Senior Fellow and Executive Director, Milken Institute Senior Fellows Program; Publisher, Milken Institute Review
Speakers
Mathew Burrows, Counselor, National Intelligence Council, Office of the Director of National Intelligence
Wesley Clark, Chairman and CEO, Wesley K. Clark & Associates; Army General (ret.) and former Supreme Allied Commander, NATO
Jane Harman, Director, President and CEO, Wilson Center; former Congresswoman
Larry Zimpleman, Chairman, President and CEO, Principal Financial Group
9:30 am - 10:30 am
Global property markets are recovering unevenly by geography and asset class. Many observers felt that commercial real estate was the next shoe to drop after the subprime housing crisis, but it has outperformed most investment options. Where around the globe are the best investment opportunities - Asia, where growth has been strong, or the eurozone while it is enduring a rough patch? What's the optimal combination of asset class (commercial, retail, industrial, multifamily, hospitality or something else) and geography? Asia has many enthusiasts but in a recent survey of foreign investors, 60 percent identified the U.S. as offering the best potential for appreciation. Indeed, capital availability for existing properties appears to be improving in the U.S., but other regions face challenges. What are the leading sources of capital? Is debt or equity the better approach? What about capital access for new construction? Our panel of experts will sift through the data and discuss their strategies.

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Moderator
Lewis Feldman, Partner and Los Angeles Chair, Goodwin Procter LLP
Speakers
Peter Lowy, Co-CEO, Westfield Group
William McMorrow, Chairman and CEO, Kennedy Wilson
Nicholas Schorsch, Chairman and CEO, American Realty Capital
Barry Sternlicht, Chairman and CEO, Starwood Capital Group
Sam Zell, Chairman, Equity Group Investments
9:30 am - 10:30 am
Research and treatment, outreach and education - these are the keys to defeating the worldwide menace of AIDS. Basketball great Earvin (Magic) Johnson, still vital 21 years after his HIV diagnosis, and renowned researcher Dr. David Ho will bring the two sides together at this event. The pair will discuss the advances that have turned what was once a lethal infection into something akin to a manageable chronic illness. Magic is sure to share his personal story - his experience living with the condition and his commitment to awareness and testing. The focus, however, will be on the future, including the next wave of treatments, the search for a vaccine and making progress in educating communities that are most vulnerable to the disease.

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Moderator
Al Michaels, Sportscaster, NBC Sports
Speakers
David Ho, Scientific Director and CEO, Aaron Diamond AIDS Research Center; Professor, The Rockefeller University
Earvin (Magic) Johnson, Chairman and CEO, Magic Johnson Enterprises; NBA Hall of Famer; Co-Owner, Los Angeles Dodgers
9:30 am - 10:30 am
As countries implement new regulations in response to the global financial crisis, will safer and sounder markets be the result? Or just more burdens and costs? What impact can we expect on financial institutions, lending, the flow of capital around the world and, eventually, the global economy? Has the too-big-to-fail problem been solved, or should the giants simply be broken up? Is there a place for a global financial regulator? And what should be done about the shadow banking system - the institutions that wield influence but go largely unregulated? Our panel will delve into whether there are more effective ways to oversee financial markets than current methods.
Moderator
Jaret Seiberg, Managing Director and Senior Policy Analyst, Guggenheim Partners
Speakers
James Barth, Senior Finance Fellow, Milken Institute; Lowder Eminent Scholar in Finance, Auburn University
Bob Corker, U.S. Senator
Carey Lathrop, Managing Director and Head of Global Credit Markets, Citi
Kevin Lynch, Vice Chairman, BMO Financial Group
Thomas Perrelli, Partner, Jenner & Block; Former Associate U.S. Attorney General
9:30 am - 10:30 am
The concept of crowdfunding, seen as the next phase in the democratization of finance, has captured the attention of investors, entrepreneurs, technologists and the media. It can be defined as a means of raising capital for a project or enterprise through the pooling of numerous, small contributions or investments from the public, usually via the Internet. Last year, entrepreneurs around the world raised an estimated $2.8 billion through crowdfunding. The bipartisan Jumpstart Our Business Startups(JOBS) Act, passed in the U.S. in 2012, seeks to open the market for securities crowdfunding, enabling average investors to purchase debt and equity in enterprises ranging from startup companies and mom and pop shops to real estate. Additionally, the law lifts the ban on general solicitation, allowing companies to mass market securities to accredited investors, which could spur a sea change in capital raising. Join us for a discussion about maximizing the promise of crowdfunding while minimizing risks to investors and entrepreneurs.
Moderator
Daniel Gorfine, Director, Financial Markets Policy, and Legal Counsel, Milken Institute
Speakers
Chris Brummer, Senior Fellow, Milken Institute; Professor of Law, Georgetown University Law Center
Candace Klein, Founder and CEO, SoMoLend
Benjamin Miller, Co-Founder, Fundrise
Babak Nivi, Co-Founder and President, AngelList
Danae Ringelmann, Co-Founder, Indiegogo
9:30 am - 10:30 am
Creating a culture of health. Wellness enhances productivity. Engaged employees improve well-being. These are concepts we can agree with, but we puzzle over how they are put into practice at other companies, and not our own. There are many ideas on how to improve employee health and ultimately reduce costs, but for real change to occur, a sound idea must be well-executed. A promising idea may fall flat in the implementation, while a bad idea may gain traction as a result of strong execution -- neither will lead to meaningful, measurable change. Join us as we explore evidence-based initiatives with quantifiable results for a healthier bottom line.

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Moderator
Bianna Golodryga, Co-Anchor, "Good Morning America Weekend Edition," and Business Correspondent, ABC News
Speakers
Kent Bradley, Senior Vice President and Chief Medical Officer, Safeway Inc.
Lynn Goldman, Dean, School of Public Health and Health Services, George Washington University
David Kirchhoff, CEO, Weight Watchers International Inc.
Richard Merkin, CEO and Founder, Heritage Group; Board Member, FasterCures
Sue Siegel, CEO, healthymagination, GE
9:30 am - 10:30 am
Despite appearances, the economic story in the Middle East is more than a grouping of petrostates within a miasma of debt, slow growth, and explosive politics. Conditions that could lead to take-off are gathering: Education and healthcare are reaching more people and the region's demographics are favorable. Latent consumer demand is huge, and the infrastructure base, including Internet penetration, is expanding. Yet the Eastern Mediterranean, North Africa and the energy-producing states are almost economies unto themselves. Which areas will develop most swiftly? Can cultural offerings, services, and manufactured goods find a place in world markets along with resource exports? Our panel will assess the strengths of the regions that make up MENA and their potential for integration with the global economy.
Moderator
Glenn Yago, Senior Director, Israel Center; Senior Research Fellow; and Founder, Financial Innovations Labs, Milken Institute
Speakers
Bob Casey, U.S. Senator
Heidi Crebo-Rediker, Chief Economist, U.S. Department of State
Usama Fayyad, Executive Chairman, Oasis500; Chairman and Chief Technology Officer, Blue Kangaroo
Saed Nashef, Founding Partner, Sadara Ventures
Christopher Schroeder, Technology Entrepreneur and Author, "Startup Rising: The Entrepreneurial Revolution Remaking the Middle East"
9:30 am - 10:30 am
Despite the technological progress, economic growth and the efforts of the global community, extreme poverty persists in many regions, equating not only to a moral wrong but undermining peace and security. The challenge is made more difficult by the likelihood that the world's population will swell by half before it stabilizes. To narrow gaps in income, education and health while also conserving our natural environment will require a technological revolution and the means to finance it, along with a leap in labor productivity. The task is complex and ambitious, involving the application of science, creative business models, smart incentive structures, the customization of technology to local conditions and geographic and cultural awareness. This roundtable will explore platforms for financing advances in global development.
Moderator
Arthur Wood, Founding Partner, Total Impact Advisors
Speakers
Bob Annibale, Global Director, Citi Microfinance and Community Development
Joanna Rees, Managing Director, Endeavor Catalyst LP
9:30 am - 10:30 am
With the U.S. and Asia on the mend, the issue is not so much "Where will the jobs come from?" It's more about "Who will fill them?" There are as many as 3 million unfilled technology jobs in the U.S. and millions more abroad. The outsourcing boom that moved employment to India and China is now reversing as companies bring back manufacturing from Asia to take advantage of low energy prices in the U.S. With opportunities beginning to increase, where will tomorrow's workers come from? How will big companies ensure their workers won't desert them for the next offer that comes along? How can immigration policy be applied most effectively?
Moderator
Wei-Li Chong, Executive Vice President, Human Resources, Knowledge Universe
Speakers
Bob Bennett, Chief Learning Officer and Vice President, Human Resources, FedEx Express
Jim Cochran, Head of Global Recruiting, JPMorgan Chase
David Ford, Vice President, Human Resources-North America, Sanofi
Jody Greenstone Miller, Founder and CEO, Business Talent Group
Sajan Pillai, CEO, UST Global Inc.
9:30 am - 10:30 am
Speakers
Marc Benioff, Chairman and CEO, salesforce.com
Steve Burd, Chairman and CEO, Safeway, Inc.
Tilman Fertitta, CEO, Landry's Inc.
9:30 am - 10:30 am
Barry Diller, long a titan of the entertainment industry, has become a titan of services and media on the Web as chairman of conglomerate IAC and Expedia, the well-known travel site. Now he oversees a wide range of offerings that include search, online dating and local businesses with brands that include Match.com, Ask.com, HomeAdvisor and the Daily Beast. Diller will discuss the evolution of show business and the future of the Internet economy, including their deepening integration, from a unique vantage point. How has the rare online composite model fared - is "synergy" real? What does e-commerce need to do to bring hesitant consumers online? How do his public service involvements - with the Council on Foreign Relations and medical research at the University of California, Los Angeles - complement his celebrated career?
Interviewer
Daniel Casse, President, G100; Managing Partner, High Lantern Group
Speaker
Barry Diller, Chairman and Senior Executive, IAC; Chairman and Senior Executive, Expedia, Inc.
9:30 am - 10:30 am
Only 21 of the Fortune 500 CEOs are women, despite decades of professed work around diversity and efforts to grow the ranks of senior women in corporate America. With women accounting for more than half of college graduates, companies expend great energy trying to bring top female candidates into their organizations but are failing at creating paths to the C-suite. Some 40 years after the Women's Movement, we seem mired in place. What isn't working? Is the issue particularly acute on Wall Street, with its old boys' network? How do we finally change the trajectory? Are there programs in finance that prepare the next generation of female leaders to assume greater responsibility? How can we entrench and replicate successful recruitment, retention and promotion programs, and how can we enlist men as agents of change? Join us for a solutions-based conversation.
Moderator
Liz Claman, Anchor, Fox Business Network
Speakers
Richard Ditizio, Executive Director, Business and Program Development, Milken Institute
Margery Kraus, Founder and CEO, APCO Worldwide
Sallie Krawcheck, Former President, Global Wealth & Investment Management Division, Bank of America
Lauren Leichtman, Founding Principal and CEO, Levine Leichtman Capital Partners
10:45 am - 11:45 am
High-performance organizations not only break sales and profit records, they alter the way we work and live. What do they do that sets them apart? How do they groom their leaders and attract top talent? How do they outperform their peers? These companies maximize the benefits of changing technology, and their leaders have the guts to reinvent and surpass themselves. How do they define success, and is responsibility to the broader community part of it? Should companies be measured by their social impact as well as their financial results? Corporate leaders on this panel will share their experiences and their strategies for staying ahead of the game.

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Moderator
Willow Bay, Special Correspondent, Bloomberg Television; Senior Editor, Huffington Post
Speakers
Marc Benioff, Chairman and CEO, salesforce.com
Ken Hicks, Chairman, President and CEO, Foot Locker, Inc.
Jay Rasulo, Senior Executive Vice President and Chief Financial Officer, The Walt Disney Company
Walter Robb, Co-CEO, Whole Foods Market
Tom Wyatt, CEO, Knowledge Universe U.S.
10:45 am - 11:45 am
Although Congress narrowly averted a dive over the fiscal cliff this year, both the public and private sectors face staggering future obligations to retirees. Let's call this the "pension cliff." The scale of the problem is alarming. For state and local governments, the funding gap may total $3 trillion. Inexorable demographic trends threaten Social Security, and its disability program faces insolvency as soon as 2016. Private pension plans are also dealing with record deficits, particularly so-called Taft-Hartley plans. According to a recent report by the Treasury and Labor departments and the Pension Benefit Guaranty Corp., more than half of these plans are classified as endangered or in critical status. (cq terms) This panel will assess the implications for retirees, taxpayers and investors, as well as explore what needs to be done to keep the U.S. from falling off the "pension cliff."

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Moderator
Bradley Belt, Senior Advisor, Milken Institute; Chairman and Co-Founder, Palisades Capital
Speakers
Jeffrey Brown , Karnes Professor of Finance and Director, Center for Business and Public Policy, University of Illinois
Brian Pellegrino, Chief Investment Officer, United Parcel Service
Larry Schloss, Deputy Comptroller for Asset Management and Chief Investment Officer, New York City Retirement Systems
David Villa, Chief Investment Officer, State of Wisconsin Investment Board
10:45 am - 11:45 am
A nation's education system is its engine of human capital development and economic, civic and social progress. With that in mind, China, India, Israel and the U.S. have launched initiatives to advance the quality and equity of their elementary and secondary education systems. Access to schooling, teacher quality and accountability, student motivation, effective-instruction programs, technology and early-childhood education are key elements of each plan. Each nation's reforms are rooted in its culture, but all aim to produce high school graduates who are college and career ready and will propel their societies through the middle of the 21st century. What can we learn from these approaches and their results to date? Which initiatives are truly effective and which have not met expectations? How can the private sector help these strategies succeed?

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Moderator
Lowell Milken, Co-Founder, Knowledge Universe Education; Founder, National Institute for Excellence in Teaching (NIET)
Speakers
Michael Bennet, U.S. Senator
Eugene Kandel, Head of the National Economic Council, Israeli Prime Minister's Office
Anthony Miller, Deputy Secretary and Chief Operating Officer, U.S. Department of Education
Dilip Thakore, Publisher and Editor, EducationWorld
Dinghua Wang, Director-General, Basic Education Department, Ministry of Education, China
10:45 am - 11:45 am
Advances in information technology and the proliferation of open networks are decentralizing and democratizing financial markets. As access to the markets expands, a revolution is underway in how transactions are executed, information is processed and disseminated, and capital is allocated. With high-frequency, algorithmic trading accounting for more than half of daily volume and new technology taking ever more trades off exchanges, a dramatic shift is being felt across the entire financial spectrum, including commodities, derivatives, equities and debt. Our panel will discuss the new trading terrain, its effects on the range of participants and which policies can ensure transparency and confidence in the markets.
Moderator
Chris Brummer, Senior Fellow, Milken Institute; Professor of Law, Georgetown University Law Center
Speakers
Bart Chilton, Commissioner, U.S. Commodity Futures Trading Commission
Terry Duffy, Executive Chairman and President, CME Group
Jamil Nazarali, Head of Citadel Execution Services, Citadel Securities
Lou Salkind, Managing Director and Executive Committee Member, The D. E. Shaw Group
10:45 am - 11:45 am
Politicians, philanthropists, activists and marketers are using film, social media and gaming to build communities, sometimes literally overnight. With the aid of technology, they are telling stories to communicate complex ideas and encouraging a worldwide audience to take action to solve pressing problems. Harnessing the power, popularity and profitability of these tools for social good educates users while raising funds and awareness globally. New media is connecting people with shared interests in inventive ways, activating even small groups to take on big challenges, often engaging celebrities to raise the profile of a cause and give voice to the voiceless. Our panel will discuss the newest ways to make the broadest impact.
Moderator
Jesse Dylan, Director; Founder and CEO, Wondros
Speakers
Shawn Amos, Founder and CEO, Freshwire
Michelle Byrd, Co-President, Games for Change; Executive Producer, Half the Sky Movement: The Game
Ben Goldhirsh, Co-Founder and CEO, GOOD
Alden Stoner, Vice President, Social Action Film Campaigns, Participant Media
10:45 am - 11:45 am
More than a decade after the human genome was sequenced, we are starting to see the fruits of countless incremental advances in clinical genomics and disease biology. From techniques that enable doctors to test tumor samples for hundreds of mutations to activating the immune system to fight cancer and using drugs intended for one indication to successfully treat another, truly individualized success stories are an exciting feature of modern medicine. Could the information revealed by sequencing your genome be the secret weapon against deadly diseases? What tools can turn genomic data into crucial medical information on a large scale? This panel will discuss the advances that have been made, those yet to come, and how every patient can gain access to the most individualized medicine possible.

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Moderator
Margaret Anderson, Executive Director, FasterCures
Speakers
Christopher Austin, Director, National Center for Advancing Translational Sciences, National Institutes of Health
Retta Beery, Patient Advocate and Speaker, Beerys Dystonia Support Site
George Church, Robert Winthrop Professor of Genetics, Harvard Medical School
James Greenwood, President and CEO, Biotechnology Industry Organization
Michael Pellini, President and CEO, Foundation Medicine
10:45 am - 11:45 am
Will 3D printing launch the era of widespread human tissue engineering? Is it going to relocalize manufacturing, upsetting global supply chains and other facts of economic life? What's real about 3D printing, and what's hype? In theory, this technology for layering materials into complex objects can create customized products on a mass scale, bypassing traditional industrial and even scientific techniques. It is already used, largely for prototyping, in the automotive, aerospace, medical and other fields, but considered still in its infancy. Our panel will illuminate how the technology works and gauge its eventual impact. Which industries will see 3D printing as a boon, and which may be on the losing end? How can entrepreneurs make use of it, and could it help small and medium-sized businesses level the playing field with their larger competitors? What will the technology do to business costs and employment? How are regulators looking at these developments?
Moderator
Jamal Simmons, Principal, The Raben Group; Political Analyst
Speakers
Avi Reichental, President and CEO, 3D Systems
Peter Weijmarshausen, CEO and Co-Founder, Shapeways
10:45 am - 11:45 am
In recent years, impact investing has grown beyond a niche concept to emerge among mainstream investors and the high net worth community. Some of this stems from the challenge of finding returns among the usual investments in the current economy. World events play a role in heightening interest, as do concerns among the next generation of high net worth investors with the nonfinancial consequences of their ventures. A growing number of deals generate both financial returns and social or environmental impact. But how are the deals actually done? How can you make money and have impact? On this panel, experienced impact investors will delve into examples. What makes these deals work? What should investors realistically expect? What challenges should they anticipate?
Moderator
Betsy Zeidman, Adjunct Fellow, Milken Institute
Speakers
Dave Chen, CEO, Equilibrium Capital Group
En Lee, Director, Impact Investment Exchange Asia
Sari Miller, CEO, Sarjay, Inc.; Angel Investor, LeapFrog Investments
Eytan Stibbe, Founding Partner, Vital Capital Fund
10:45 am - 11:45 am
Moderator
Paul Irving, President, Milken Institute
Speakers
Ken Lombard, President, Capri Urban Investors LLC; Partner, Capri Capital Partners LLC
John Rogers Jr., Founder, Chairman and CEO, Ariel Investments LLC
Kneeland Youngblood, Founding Partner, Pharos Capital Group
10:45 am - 11:45 am
Latinos, African-Americans, young people and unmarried women are wielding more power than they used to. Indeed, they are determining election outcomes and driving the nation's legislative agenda. On the other hand, organized labor has lost much of its pull, and many analysts and activists are wondering whether the NRA will exert as much influence in the future as it has in the past. More Americans are speaking up for gay rights and illegal immigrants' aspirations for citizenship. What other groups are on the rise? How are the takeaways from the 2012 vote shaping party strategies for the midterms and 2016? How will these newly empowered constituencies exercise their widening influence? Our panel of veteran political observers will analyze the new electorate and ponder who's gaining clout and who's losing it.
Moderator
Matt Miller, Columnist, The Washington Post; Host, "Left, Right & Center"
Speakers
Joel Benenson, President and CEO, Benenson Strategy Group; Lead Pollster, Obama Campaign
Harold Ford Jr., Former Congressman; Managing Director, Morgan Stanley; Professor, NYU Wagner School of Public Policy
Frank Luntz, Chairman and CEO, Luntz Global; Contributor, Fox News
Dan Schnur, Director, Jesse M. Unruh Institute of Politics, University of Southern California
10:45 am - 11:45 am
Moderator
Tom Finke, Chairman and CEO, Babson Capital
Speakers
Rupert Murdoch, Chairman and CEO, News Corporation
Robert Thomson, CEO, News Corporation Publishing Group
12:00 pm - 1:45 pm
As mid-2013 comes into view, the crisis sparked by the international mortgage meltdown is receding into memory, spreading a sense of relief. In the eurozone, the debate is about austerity versus spending, but not dissolution. Meanwhile, living conditions are rising in many parts of the globe as millions join a swelling middle class. The expanding availability of healthcare could have a profound effect as well. Yet some regions continue to struggle. In our annual big-picture look at the world economy, we'll discuss whether China and the U.S. can pull other players along and how the debt bomb can be defused. What are the most potent trends steering capital markets? Which industries are rising, which are fading, and what governments are demonstrating they know how to solve problems? Can the flare-up in the Middle East be contained and give way to democracy and economic growth?

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Moderator
Paul Gigot, Editorial Page Editor and Vice President, The Wall Street Journal
IntroductionBy
Michael Klowden, CEO, Milken Institute
Speakers
Pierre Beaudoin, President and CEO, Bombardier Inc.
Scott Minerd, Managing Partner and Global Chief Investment Officer, Guggenheim Partners
Nouriel Roubini, Chairman and Co-Founder, Roubini Global Economics; Professor of Economics and International Business, Stern School of Business, New York University
Geraldine Sundstrom, Partner and Portfolio Manager, Emerging Markets Strategies Master Fund Limited, Brevan Howard
12:00 pm - 1:45 pm
12:00 pm - 1:45 pm
This interactive lunch discussion will focus on challenges to the K-12 system and innovative programs designed to improve educational opportunities for students and educators. Business and philanthropic leaders are welcome to participate in this invitation-only dialogue with some of America's leading educators and government officials.
Moderator
Lowell Milken, Co-Founder, Knowledge Universe Education; Founder, National Institute for Excellence in Teaching (NIET)
Speakers
Jim Hogeboom, Superintendent, Lucia Mar School District
Jack Markell, Governor, State of Delaware; Chairman, National Governors Association
2:00 pm - 3:00 pm
Moderators
Pinchas Cohen, Dean, University of Southern California Davis School of Gerontology
Paul Irving, President, Milken Institute
2:15 pm - 3:15 pm
How did the wealthiest man in the world get where he is today? Iconic interviewer Larry King will host a wide-ranging discussion with Carlos Slim, the Mexican magnate and philanthropist who built the bulk of his fortune in mobile communications. Slim will share some of the insights he has gathered during a unique career in global business. What did he do right? How does he view the future of the industries in which he invests, and where are his charitable interests taking him? Having long been at the forefront of economic change in Latin America, how does Slim see the region evolving?

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Interviewer
Larry King, Host, "Larry King Now"
Speaker
Carlos Slim, President, Carlos Slim Foundation; President, Telmex Foundation
2:15 pm - 3:15 pm
Do nations, like a good drama, have a beginning, middle and end? Why do civilizations succeed, why do they fail? Is it culture, economics, geography, climate, or an interaction among them? Is reinvention and rejuvenation possible? Our panel of celebrated scholars will examine the forces that propel the lifecycles of empires and how they may apply in today's world. Many are asking whether the U.S. is past its peak and China will inevitably reclaim the preeminence it enjoyed centuries ago. More broadly, is the global center of gravity moving from West to East? This event may also yield insights for businesses - they don't live forever either.

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Moderator
William Bennett, Former U.S. Secretary of Education; Author, "Is College Worth It?"
Speakers
Jared Diamond, Professor, Department of Geography, University of California, Los Angeles; Pulitzer Prize winner, "Guns, Germs, and Steel"
Niall Ferguson, Laurence A. Tisch Professor of History, Harvard University; Senior Fellow, Hoover Institution
James Robinson, David Florence Professor of Government, Harvard University
2:15 pm - 3:15 pm
With outsize debt putting the stability of credit markets and the pace of economic growth at risk, will Americans embrace shared sacrifice to set the country on a path toward fiscal health? Or is the problem essentially the result of gridlock in Washington? And what does "shared sacrifice" actually mean? Who will bear the heavier burden: the rich, the elderly, the middle class? Are Simpson and Bowles still relevant? Our panel will examine the economics and politics around our accumulating public debt and annual deficit, with an eye toward palatable and realistic solutions. Can we grow our way out of the mess? How will we cope with the twin hazards of graying demographics and healthcare inflation? Back to the credit markets: Are Treasuries as safe as they seem?
Moderator
Steven Rattner, Chairman, Willett Advisors; former Counselor and Lead Auto Advisor to the U.S. Secretary of the Treasury
Speakers
Bob Corker, U.S. Senator
David Cote, Chairman and CEO, Honeywell; Steering Committee Member, Campaign to Fix the Debt
Maya MacGuineas, Head, Campaign to Fix the Debt; President, Committee for a Responsible Federal Budget
Peter Orszag, Vice Chairman, Corporate and Investment Banking, Citigroup; former Director, Office of Management and Budget
2:15 pm - 3:15 pm
As the Great Recession fades, consumers appear to be emerging from their economic hibernation, but that doesn't mean businesses can just hit the "reset to 2006" button. Instead, traditional brick-and-mortar retailers face a growing challenge from online sales as well as cost pressures, demographics and changing tastes. Consumers continue to show a distinct preference for in-person buying - although worldwide e-commerce topped $1 trillion for the first time in 2012, it fell short of a 10-percent share of overall retail. But in an economic environment where every penny counts, do stores have reason to worry? What do we know about the preferences of Millennials and how to market to them? If the economy is recovering, where is demand concentrated? What tactics, technological and otherwise, can retailers use to survive and thrive?
Moderator
Dottie Mattison, Senior Managing Director, Guggenheim Partners
Speakers
Silas Chou, President and CEO, Novel Holdings Group
John Danhakl, Managing Partner, Leonard Green & Partners, LP
Jim Fielding, CEO, Claire's Stores Inc.
Mindy Grossman, CEO, HSNi
David E. Simon, Chairman and CEO, Simon Property Group, Inc.
2:15 pm - 3:15 pm
Hedge funds have gone mainstream in the eyes of large institutional investors. Institutions globally have become so comfortable that many are bypassing the fund of funds approach and have begun building their own portfolios of hedge fund investments. What results are they seeing from these direct relationships? Our panel of seasoned institutional investors will discuss the role of direct hedge fund investing in their portfolios and the key considerations they face in implementation. When is it appropriate to pursue this strategy? What are the additional risks of going direct and how are they mitigated? How do their internal operations adapt to this approach and how do they measure and monitor the risks involved? What is the impact on fees? Are some managers more suited to this strategy than others? What role will advisors play in this new world?
Moderator
Damien Loveday, Global Head of Hedge Fund Manager Research, Towers Watson
Speakers
Francisco Arcilla, Head of External Managers, AXA Investment Managers
Mattias Bylund, Chief Risk Officer, Third Swedish National Pension Fund
Ed Robertiello, Senior Portfolio Manager, Absolute Return Strategies, CalPERS
Jan Soerensen, Head of Hedge Funds, PGGM Vermogensbeheer B.V.
2:15 pm - 3:15 pm
Unconventional oil and gas deposits, as well as solar parks and wind farms, are making sizable contributions to the U.S. energy supply. However, these new sources may be located far from demand centers, and the transport infrastructure may be insufficient to get them there. Usually, the principal barriers to building are political and environmental, rather than technological. One high-profile example: the Keystone XL oil pipeline. On the power transmission side, it can take 15 years to set up high-voltage lines due to the long process of planning, mapping, environmental review, land acquisition and much more. Our panel will explore whether pipelines, transmission and other projects can keep pace with the rapid development of supply. How does financing figure into the question? Are there ways to reconcile local quality-of-life interests with the nation's energy demands, along with the needs of the industry vis-a-vis environmental stakeholders?
Moderator
Conrad Kiechel, Director of Communications, Milken Institute
Speakers
Mark Florian , Managing Director and Head of Infrastructure Funds, First Reserve
Rick Grafton, CEO and Chief Investment Officer, Grafton Asset Management
Charlotte Philipps, Managing Director, Xenon Capital Partners
Geert van de Wouw, Managing Director, Shell Technology Ventures
2:15 pm - 3:15 pm
Accelerating technology and robust online offerings mean education may finally be poised for real transformation. The increasing capabilities and decreasing costs of technology, coupled with social media and other rapidly evolving methods of communication, are creating new opportunities to expand access to education and help both children and adults develop critical thinking and problem-solving skills. Will this intersection of technology and education dramatically improve student performance in core academic areas such as math and science? Will new, non-traditional venues emerge where displaced workers and undereducated adults can gain the skills or specialized credentials that will put a dent in unemployment? Join authorities from some of America's most innovative technology-based learning companies as they debate the role and impact of technology in education today and in the future.
Moderator
Adam Nordin, Global Head of Education Services and Technology, Barclays Capital
Speakers
John Barbour, CEO, LeapFrog Enterprises
Nolan Bushnell, Chairman and CEO, Brainrush
Michael Moe, Co-Founder and Chief Investment Officer, GSV Capital
Ronald Packard, Founder and CEO, K12 Inc.
2:15 pm - 3:15 pm
Though the most popular smart phone activity may be flinging kamikaze birds across a small screen, mobile apps mean big business -- even for small businesses. Navigation has become social, with programs showing up-to-the-second data about your drive from Tucson to Toledo. We can now exchange business cards with a quick phone bump. We can board jets and enter theaters ticketlessly - and manage our health through monitoring devices that connect to electronic medical records. Demand seems insatiable, and many developers, designers, and marketers are well-rewarded. Apple has reported more than 40 billion app downloads, covering 775,000 programs on the App Store alone, and those developers have been paid, in aggregate, more than $7 billion. About 500,000 jobs have been created in a field that didn't exist five years ago. This is the new apps economy. It's global, it's social, it's empowering a new generation of entrepreneurs and it's changing the way we do business.
Moderator
Kara Swisher, Co-Executive Editor, All Things D
Speakers
Di-Ann Eisnor, Vice President, Platform and Partnerships, Waze
John Malloy, General Partner, BlueRun Ventures
Michael Mandel, Chief Economic Strategist, Progressive Policy Institute
Ray Sharma, President and Founder, XMG Studio Inc.
2:15 pm - 3:15 pm
Some say the first person who will live to be 1,000 years old is alive today. Whether true or not, there's no disputing that humans are living longer than before, thanks to science, public health systems, diet and a better understanding of what it takes to thrive. The implications - for business, government and society - are profound. This panel will examine the latest research on aging and related scientific and medical advances while outlining proactive steps toward a longer life span -- maybe much longer.
Moderator
Howard Soule, Senior Fellow, Milken Institute; Chief Science Officer, Prostate Cancer Foundation
Speakers
Lorelei Mucci, Associate Professor of Epidemiology, Harvard School of Public Health
Gary Small, Parlow-Solomon Professor on Aging and Professor of Psychiatry, UCLA; Director, UCLA Longevity Center, Semel Institute for Neuroscience and Human Behavior
Harvey Spevak, CEO, Equinox
2:15 pm - 4:15 pm
A food movement is germinating. Food has taken center stage in disease prevention and the future success of our children. Groups are mobilizing to advocate for healthier food policies, and new business models aim to expand access to low-cost, healthy foods. Gardening and nutrition are being incorporated into school curriculums nationwide. Forward-thinking organizations see good food in the workplace as an investment in their people. What is the food movement's role in improving health and nutrition? What kind of human and financial capital will be needed to achieve its goals? How can business, philanthropy and government work together? This session will assemble medical and nutrition experts and business, government and community leaders to advance the effort to ensure a healthier future.
Moderator
Lawrence Soler, President and CEO, Partnership for a Healthier America
Speakers
Rory Eakin, Founder and Chief Operating Officer, CircleUp
Louise Holland, Deputy to Jamie Oliver, Jamie Oliver Food Foundation
Mary Lee, Deputy Director, PolicyLink
Kelly Meyer, Co-Founder, American Heart Association Teaching Gardens
Walter Robb, Co-CEO, Whole Foods Market
Wendelin Slusser, Associate Clinical Professor, Mattel Children's Hospital, UCLA Schools of Medicine and Public Health; Leader, Healthy Diet and Nutrition Transformation, UCLA Chancellor's Healthy Campus Initiative
Kimberly Stitzel, Vice President, Nutrition and Obesity Strategies, American Heart Association
Daniel Tellalian, Principal, Emerging Markets, Inc.
2:15 pm - 3:15 pm
Interviewer
Richard Ditizio, Executive Director, Business and Program Development, Milken Institute
Speaker
Thorsten Heins, President and CEO, BlackBerry
2:30 pm - 3:30 pm
Interviewer
Stephen J. Cloobeck, Founder and Chairman, Diamond Resorts International
Speaker
Harry Reid, U.S. Senator and Majority Leader
3:30 pm - 4:30 pm
In our annual look at the state of global credit markets, Institute Chairman Mike Milken and leading players will discuss a rapidly shifting landscape. This year, some observers believe we are in the early stages of the Great Rotation - a broad shift in investor preference from debt to equity that would reverse the cycle begun in 2009. Quantitative easing, a favored tool of central banks in recent years, can't last forever. Indeed, the U.S. Federal Reserve balance sheet recently crossed the $3-trillion mark, more than three times pre-crisis levels. What has that thumb on the scale done for credit quality, particularly in mortgage markets, where the Fed owns $1 trillion in debt? As central banks slow their purchasing, will corporate borrowers feel the side effects? Should we worry about the return of covenant-lite loans? Are early signs of rising default rates about to change the picture for credit availability? And what role will towering sovereign-debt levels play in fixed-income markets this year?
Moderator
Michael Milken, Chairman, Milken Institute
Speakers
Maria Boyazny , Founder and CEO, MB Global Partners, LLC
Richard Cantor, Chief Risk Officer, Moody's Corporation; Chief Credit Officer, Moody's Investors Service
Joshua Friedman, Co-Founder, Co-Chairman and Co-CEO, Canyon Partners, LLC
Tony Ressler, Chairman of the Executive Committee, Ares Management LLC
Steven Tananbaum, Managing Partner and Chief Investment Officer, GoldenTree Asset Management
David Warren, Chief Investment Officer, Brevan Howard Credit Catalysts Fund
3:30 pm - 4:30 pm
Peter Thiel and Marc Andreessen are Silicon Valley luminaries, epic entrepreneurs and prominent financiers. Both have something to say about where high-tech is taking the world economy, and what is being left behind. Andreessen, co-developer of the first Web browser and now a top venture capitalist, expects software to automate and ultimately dominate most other industries. Thiel, a co-founder of PayPal and an early investor in Facebook, has written in depth about what he considers the stagnation of innovation in fields that others see as emblems of progress: energy, pharmaceuticals, space exploration, nanotech and much more. In fact, Thiel links the austerity gripping the Western world to productivity gains that never happened. Join these acute observers for a unique exchange on science, business and innovation, or the lack thereof.

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Moderator
Martin Giles, U.S. Technology Correspondent, The Economist
Speakers
Marc Andreessen, Co-Founder and Partner, Andreessen Horowitz
Peter Thiel, Partner, Founders Fund
3:30 pm - 4:30 pm
Few issues have been more contentious in the United States, and for a longer time, than immigration. Comprehensive reform, however, appears to be getting close. On one hand, the nation's sizable Latino population is making its presence felt in the economy and the voting booth. Neither party can afford to enter the next election cycle without addressing immigration. On the other, foreigners fill crucial gaps in human capital. The corporate sector wants wider access to the high-skilled global workforce. Moreover, universities are training scientists and engineers who are forced to leave the country because of their immigration status. Our panel of leaders will discuss how policy must evolve to serve the country and the issue's many stakeholders. Is citizenship realistic for the millions of undocumented immigrants who have built lives here? How do we open doors to talent rather than encourage its exodus? Does immigration affect incomes?

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Moderator
Ronald Brownstein, Editorial Director, Atlantic Media
Speakers
Michael Bennet, U.S. Senator
Carlos Gutierrez, Vice Chair, Albright Stonebridge Group; former U.S. Secretary of Commerce
Rupert Murdoch, Chairman and CEO, News Corporation
Laurene Powell Jobs, Founder and Chair, Emerson Collective
Antonio Villaraigosa, Mayor, City of Los Angeles
Vivek Wadhwa, Director of Research, Center for Entrepreneurship and Research Commercialization, Duke University; Author, "The Immigrant Exodus"
3:30 pm - 4:30 pm
Among the monetary measures central banks have taken to address the lingering impact of the 2008 financial rupture, keeping interest rates artificially low has been a primary aim. The term "financial repression" has become associated with that policy. Such measures were launched in the hope of not only stimulating economic activity but to ease the pressure of servicing onerous public debt. Concern is growing, however, that quantitative easing has distorted markets by interfering with the proper pricing of risk and, by extension, obscuring the true cost of capital. Our panel of experts will explore the possible effects of sustained QE and the quest for financial stability. For instance, are bubbles inflating? Will these effects be similar or will they vary from market to market? What costs will long-tem financial repression impose on the Federal Reserve and other central banks? What tools can be employed as alternatives?
Moderator
David Zervos, Chief Market Strategist, Jefferies LLC
Speakers
James McCaughan , CEO, Principal Global Investors
Cliff Noreen, President, Babson Capital Management LLC
Tad Rivelle, Chief Investment Officer, Fixed Income, TCW
Aram Shishmanian, CEO, World Gold Council
Kevin Warsh, Distinguished Visiting Fellow, Hoover Institution; Former Member, Federal Reserve Board of Governors
3:30 pm - 4:30 pm
The business community is under attack, and according to pollster Frank Luntz, it's often their own fault. They are using verbal and visual language to communicate to customers, shareholders and communities that turn people off and turn critics on. At this highly interactive, instructive session, he will unveil his updated "21 Words for the 21st Century," the "13 Essential Phrases for 2013" and the brand new "10 Rules of Visual Communications," along with his latest public opinion findings and focus group results. From business to politics, this session is about what Americans are thinking and what our leaders should be saying.
Speaker
Frank Luntz, Chairman and CEO, Luntz Global; Contributor, Fox News
3:30 pm - 4:00 pm
3:30 pm - 4:00 pm
3:30 pm - 4:00 pm
3:30 pm - 4:30 pm
The immune system recognizes and attacks a diverse array of potential enemies. In fact, it has the remarkable ability to react to any molecule in the universe. Cancer cells should "look" like invaders to the immune system, but unfortunately this natural defense is imperfect, and tumor cells may escape identification and go on to cause cancer. The connection between cancer and the immune system was first uncovered nearly 100 years ago. Since then, researchers have been working to learn why the system does not eliminate cancer and, more importantly, how to enable it to conquer this menace. After decades of research, so-called immunotherapies have been developed. Now, cancer patients who previously had just months to live have been living many years after receiving immune-based treatment. This panel will discuss the promise of modifying the immune system to treat and cure cancer.
Moderator
Louise Perkins, Chief Science Officer, Melanoma Research Alliance
Speakers
Arie Belldegrun, Executive Chairman, Kite Pharma, Inc.; Director, UCLA Institute of Urologic Oncology
Michael Giordano, Senior Vice President, Head of Development, Oncology and Immunoscience, Bristol-Myers Squibb
Jeff Rowbottom, Managing Director, Kohlberg, Kravis, Roberts
Suzanne Topalian, Professor of Surgery and Oncology, Johns Hopkins University; Director, Melanoma Program, Sidney Kimmel Comprehensive Cancer Center
3:30 pm - 4:30 pm
The best cities of the future will provide us with the opportunity to age successfully in place - to remain healthy, active, enriched and engaged. With an aging U.S. population and a changing demographic mix, cities that plan, respond and invest wisely will thrive. Those that don't will wither. What will the city of the future look like? We'll need mixed-use housing, well-designed public transit, educational opportunities to keep us current and proficient, a wide range of primary and encore career opportunities to engage us well beyond traditional retirement age and health care that's effectively delivered. Which cities are headed in the right direction, which aren't, and why? And what can each of us - business and civic leaders, investors, philanthropists, educators, the media - do to create a brighter city future for our parents, our neighbors, our kids and ourselves?
Moderator
Joseph Coughlin, Director, Massachusetts Institute of Technology AgeLab
Speakers
Laura Carstensen, Professor of Psychology and Founding Director, Stanford Center on Longevity
Henry Cisneros, Executive Chairman, City View; former Secretary, U.S. Department of Housing and Urban Development; former San Antonio Mayor
Marc Freedman, CEO, Encore.org
Nancy LeaMond, Executive Vice President, State and National Group, AARP
3:30 pm - 4:30 pm
President Obama's 2013 State of the Union address heralded the importance of starting education "at the earliest possible age." He called for a bold partnership with states "to make high-quality preschool available to every single child in America." But is universal preschool the panacea some claim or a costly, simplistic attempt to solve a far more complex problem? This panel will first present the economic and scientific case for investing in early childhood education. Then the viability of the president's proposal will be examined by key legislators, policymakers and business leaders. The panel will discuss what we've learned about the benefits and disappointments of universal preschool, how to optimize the return from educational investments, the merits of varied delivery models and whether our overburdened public schools are prepared for this challenge.
Moderator
Elanna Yalow, CEO, Knowledge Universe Early Learning Programs
Speakers
Chaka Fattah, U.S. Congressman
Mila Henn, Executive Director, Patient Support and Global Patient Services, Cleveland Clinic
Lisa Poon, Manager, Human Resources, Cisco Systems
Phyllis Stewart Pires, Director of WorkLife Strategy, Stanford University
3:30 pm - 4:30 pm
As the developed world struggled to regain momentum in the wake of the 2008 meltdown, emerging markets posted healthy growth, rising in affluence and influence. How will the developed and developing economies interact in the coming years? The BRIC nations hold substantial stores of foreign exchange. Will they go on a corporate shopping spree in the West? What of the combat among currencies? Will the developing nations draw new capital to their financial markets and eventually mount credible challenges to the dollar? And how long will global oversight entities such as the World Bank be dominated by the powers of the last century? Our panel will discuss the transformation of emerging markets and its implications for the world economy and global investors.
Moderator
Francesco Guerrera, Financial Editor, Wall Street Journal
Speakers
John Coombe, Executive Director, JANA Investment Advisers
Thomas Flohr, Founder and Chairman, VistaJet Holding SA
Chris Hoong, Managing Director, Far East Consortium International Limited
Jay Pelosky, Principal, J2Z Advisory LLC
Sara Zervos, Senior Portfolio Manager and Head of Global Debt, OFI Global Asset Management
3:30 pm - 4:30 pm
This unique panel will explore unusual approaches to overcoming the limitations of available technology, and common approaches to fostering rapid innovation. The speakers, who have used technology to surmount traditional barriers in their fields, will discuss their process and thought framework as well as provide visual examples of how innovative, new technology can be applied in a practical, tangible fashion. Their presentations will focus on recent advances in their fields of research and building upon those for further progress.
Moderator
Ken Rutkowski, Host and Co-Founder, "Business Rockstars"
Speakers
Nolan Bushnell, Chairman and CEO, Brainrush
Pablos Holman, Hacker and Inventor, Intellectual Ventures Laboratory
Salim Ismail, Founding Executive Director, Singularity University
Marco Tempest, Cyber Illusionist
4:45 pm - 5:45 pm
Although the media often focus on their policy differences, Democrat Reid and Republican Cantor share areas of agreement and experience. Skilled legislators and compassionate individuals, each has seen a close relative suffer from serious disease, and each is an outspoken supporter of medical research. The grandsons of immigrants, each worked his way up to high office with less-exalted jobs along the way - one as a member of the Capitol Police and the other as a driver for a congressman. Both served as their party's minority whip before election to majority leadership. And leadership is the focus of this panel: What qualities, besides intelligence and drive, inspire the trust and respect of their colleagues? Institute Chairman Mike Milken will explore where they agree and disagree on a range of issues - taxes, debt, entitlements, immigration, education, energy and defense - but will also search for the common thread of leadership that has propelled two remarkable men to national prominence.

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Moderator
Michael Milken, Chairman, Milken Institute
Speakers
Eric Cantor, U.S. Congressman and Majority Leader
Harry Reid, U.S. Senator and Majority Leader
4:45 pm - 5:45 pm
The Lightning Round assembles leaders in real estate to share their thoughts on the industry's opportunities and challenges. Participants will offer their views on a range of topics, including the strength of the capital markets, the future of single- and multi-family housing, commercial development, hospitality, REIT structuring and the outlook for the year ahead.
Moderator
Lewis Feldman, Partner and Los Angeles Chair, Goodwin Procter LLP
Speakers
Neil Bluhm, Managing Principal, Walton Street Capital LLC
Emile Haddad, President and CEO, FivePoint Communities
Paul Kurzawa , Chief Operating Officer, Caruso Affiliated Holdings
Larry Mizel, Chairman and CEO, MDC Holdings Inc.
David Palmer, President and CEO, Diamond Resorts International
Barry Sternlicht, Chairman and CEO, Starwood Capital Group
Kev Zoryan, Managing Director and Head of Real Estate Investing, Western U.S., Morgan Stanley
6:00 pm - 7:00 pm
6:00 pm - 7:00 pm
6:00 pm - 7:00 pm
6:00 pm - 7:00 pm
6:00 pm - 7:00 pm
6:00 pm - 7:00 pm
7:00 pm - 9:00 pm
Join us for a wide-ranging, future-looking conversation about the inspiration, motivation and business processes behind PayPal, Tesla Motors, SpaceX, the Kitchen and the Kitchen Community. We will discover what drives the Musk brothers in their groundbreaking work, whether pioneering online payments, sending the first private rocket to the International Space Station, building electric cars with robots or rolling up their sleeves and partnering with students and educators to build gardens in impoverished communities. With the help of entrepreneur and philanthropist Jeff Skoll, we will uncover the richness of their creative process and discuss how to make a profit, create jobs and contribute to the broader community at the same time. Wait till you see what's around the corner.
Interviewer
Jeff Skoll, Founder and Chairman, Participant Media; Founder and Chairman, Skoll Foundation
Speakers
Elon Musk, CEO and CTO, SpaceX; CEO and Product Architect, Tesla Motors
Kimbal Musk, Co-Founder, The Kitchen Community
9:00 pm - 10:15 pm
Three top names in the recent history of American music will show you why they became legends. Lionel Richie, David Foster and Paul Anka -- celebrated songwriters and hit-making performers all - will present some of their classics and share their new work too. Each will recount tales from a life in music and observations on the revolutions in taste and technology they have seen. And be ready when a surprise guest, or maybe two, takes the stage. This is sure to be one of the most memorable events of Global Conference 2013.
Speakers
Paul Anka, Entertainer
David Foster, Producer and Songwriter; Chairman, Verve Music Group
Lionel Richie, Founder, The Lionel Richie Foundation; Entertainer, Composer, Producer and Humanitarian
Tuesday, April 30, 2013
6:00 am - 8:00 pm
6:00 am - 8:30 am
6:30 am - 7:45 am
Moderator
Katie O'Reilly, Director, Business and Program Development, Milken Institute
Speaker
James McCaughan , CEO, Principal Global Investors
7:00 am - 8:30 am
The Milken Institute's Investing in Africa Working Group is exploring ways to facilitate private-sector investment in Africa to accelerate the continent's development and spread prosperity. Members of the Working Group include active or interested investors from private equity, structured finance, venture capital, traditional banking and the corporate sector. The group will play a key advisory role and help shape the Institute's Africa agenda.
Moderator
David Rice, Africa Advisor, Milken Institute; Professor, New York University
Speakers
Maureen Harrington, Head, International Development Group, Standard Bank of South Africa
Strive Masiyiwa, Chairman and Founder, Econet Wireless
Mina Pacheco Nazemi, Partner, Customized Fund Investment Group, Credit Suisse
Vimal Shah, CEO, BIDCO Group
Sunny Verghese, Group Managing Director and CEO, Olam International Ltd.
7:15 am - 9:15 am
Despite years of effort and failed energy legislation, there is still no national market for carbon in the U.S. Nor a global one. In Europe's regional trading system, a mismatch between supply and demand persists - too much supply, too little demand -- due, in part, to the way carbon credits are allocated. As a consequence, a number of easily achieved, low-cost emissions-reduction strategies have yet to be applied. Among these are curbing tropical deforestation, climate-smart agricultural practices and fostering low-carbon energy sources in developing countries. To break out of this circle and get private capital flowing, a source of early demand for carbon credits is needed, along with complementary risk-reduction financing. Novel financing mechanisms, like call options on forest carbon credits, could be part of the solution. This market-oriented private roundtable will look at accelerating the development of nascent carbon markets - national, regional and around the world.
Moderator
Joel Kurtzman, Senior Fellow and Executive Director, Milken Institute Senior Fellows Program; Publisher, Milken Institute Review
8:00 am - 9:15 am
The fundamentals of the U.S. economy seem to be improving. Corporate balance sheets are robust, banks have rebuilt capital buffers, consumers have shed debt, jobs are growing modestly, housing prices have stopped falling, and cheap natural gas has boosted competitiveness in energy-intensive industries. Washington, D.C., did its best to drive the economy over the fiscal cliff at the beginning of the year but veered away at the last minute. How much better might things be if Washington could reach a compromise on taxes and spending that will reduce the medium-term deficit but not cause too much pain in the near term? Can the U.S. recovery gain enough speed to slash the jobless rate despite the eurozone recession? When and how will the Federal Reserve shrink its balance sheet and ease up on asset purchases? Stocks have surged, but have equity markets gotten ahead of themselves and is there froth in high-yield corporate debt? Our panel will combine these issues into a view of the most important trends that lie ahead for the biggest player in the world economy.

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Moderator
Ross DeVol, Chief Research Officer, Milken Institute
Speakers
Abby Joseph Cohen, Senior Investment Strategist and President, Global Markets Institute, Goldman Sachs
Gary Loveman, Chairman, President and CEO, Caesars Entertainment Corporation
Raymond McGuire, Global Head, Corporate and Investment Banking, Citi
Jim Moffatt, Chairman and CEO, Deloitte Consulting LLP
Maggie Wilderotter, Chairman and CEO, Frontier Communications
8:00 am - 9:15 am
The world of alternative investments is becoming increasingly complex, stratified and varied as investors seek protection against market swings. What are the emerging alternatives for hard-to-value assets? Will there be a continued exit from private equity toward index products, structured credit and commodities, which might have the advantage of greater liquidity? As demand rises for offbeat assets, will returns continue to decline? How long will quantitative easing fuel growth in REITs? Will shifts in the carry trade distort alternative investment markets and returns? Should diversification be based on the subsets of the asset class or the strategies of intermediaries that manage them in hedge funds, ETFs and index funds? This panel will explore the outlook for alternative investments in a prolonged low-interest-rate environment.
Moderator
Andrew Whittaker , Vice Chairman, Jefferies LLC
Speakers
Joshua Harris, Co-Founder and Chief Investment Officer, Apollo Global Management, LLC
Julia Lawler , Senior Vice President, Global Investment Services, Principal Financial Group
Vinay Pande, Partner and Senior Trader, Brevan Howard US Investment Management
Wilbur Ross Jr., Chairman and CEO, WL Ross & Co. LLC; Chairman, Invesco Private Capital
8:00 am - 9:15 am
Philanthropy is changing around the world. From sharpening missions to increasing focus on execution, measurement, outcomes and impact, a social investment revolution is underway. With government budget crises and retrenchment in social services, attention is shifting to the private sector and the innovations and solutions that will drive philanthropy's future. Yet even the most successful philanthropists may lack the financial resources necessary to accomplish audacious goals. How are they tackling the great challenges? How do they leverage their resources to drive change? What are the impediments? Is collaboration achieving results? A group of global change agents who are taking philanthropy to the next level discuss their goals, frustrations and successes, and how they see philanthropy's next phase.

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Moderator
Maria Bartiromo, Anchor, CNBC
Speakers
Jean Case, CEO, Case Foundation
Shmuel Meitar, Founder and Principal, Aurec Group and Time to Know; Board Member, FasterCures and Prostate Cancer Foundation
Yuri Milner, Founder, DST Global
David Rubenstein, Co-Founder and Co-CEO, The Carlyle Group
8:00 am - 9:15 am
Student debt surpassed the $1 trillion mark in 2012 and now is the second-largest category of household debt behind mortgages. Default rates exceed those of credit cards, and college tuition and fees have been rising even faster than health care costs. At the same time, employers are seeing a mismatch between their needs and the qualifications of those in the labor pool. This incongruity threatens to derail productivity and economic growth, raising serious questions about national competitiveness. Given this backdrop, how can the American higher education model fulfill the learning, affordability and job-preparation needs of students? What role can colleges and universities, online technology and government play in setting higher education on the best possible course?
Moderator
John Nelson, Managing Director, Public Finance Group, Moody's Investors Service
Speakers
William Bennett, Former U.S. Secretary of Education; Author, "Is College Worth It?"
Steven Knapp, President, The George Washington University
Daphne Koller, Co-Founder, Coursera Inc.
Patricia McWade, Dean of Student Financial Services, Georgetown University
Anthony Miller, Deputy Secretary and Chief Operating Officer, U.S. Department of Education
8:00 am - 9:15 am
Moderator
Dale Bonner, Senior Advisor, Milken Institute; Chairman, Plenary Group USA
IntroductionBy
Kevin Klowden, Director, California Center, and Managing Economist, Milken Institute
8:00 am - 9:15 am
Meeting the goals of global development, from improved health care to increased access to capital, requires a combination of aid and investment. Yet in frontier markets, public-sector funding has been limited and not entirely effective, while the private sector has been hesitant to engage. To overcome these constraints and attract a wider spectrum of investors, innovative models have been developed that build ties with foundations, governments, large financial institutions and corporations. From public-private investment funds to credit enhancements and donor-driven pull mechanisms, these new approaches can help to bridge funding gaps and strengthen local markets. The panel will present investment-led strategies that generate both social and financial returns while stabilizing the communities where investors have assets at work.
Moderator
Caitlin MacLean, Associate Director, Financial Innovations Labs, Milken Institute
Speakers
Alice Albright, CEO, Global Partnership for Education
Lawrence Coben, Executive Director, Sustainable Preservation Initiative
Craig Courtney, Founder and Managing Partner, Tamarack Partners
David Ferreira, Managing Director for Innovative Finance and Head of Washington, D.C., Office, GAVI
Kari Stoever, Vice President, External Affairs, Aeras
9:30 am - 10:30 am
After a flat 2012 in the private equity market, competitive deal-making has intensified worldwide. Aging assets requiring exit, restructuring and rebirth are waiting to be sold. The current period of low-cost financing, strong stock markets and accelerating growth bodes well for new directions in the industry. However, recent moves by banking regulators, including a redefinition of highly leveraged transactions, could dampen underwriting by financial institutions that participate in buyouts or refinancing leveraged firms' debt. The costs of fixing companies could rise, and such investments could be deterred. Our panel will discuss how the PE industry is adjusting to change in the regulatory and fiscal environments. What sector and geographic trends are fueling these new directions in private equity?

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Moderator
Maria Bartiromo, Anchor, CNBC
Speakers
Leon Black, Chairman and CEO, Apollo Global Management, LLC
David Bonderman, Founding Partner, TPG Capital
Jonathan Nelson, Founder and CEO, Providence Equity Partners
Jonathan Sokoloff, Managing Partner, Leonard Green & Partners, LP
Scott Sperling, Co-President, Thomas H. Lee Partners, LP
9:30 am - 10:30 am
Despite prolonged anxiety and recent events in Cyprus, the euro zone has held together thus far. Global financial authorities are breathing a bit easier. What can its member countries - and their external partners - do to avert a relapse and strengthen the underpinnings of growth? By and large, governments are adhering to austerity programs to restore fiscal balance, but dissenting factions remain influential. Will the resistance in Italy derail aid from the European Central Bank and perhaps fan anti-cutback movements in other countries? How does Germany see its role as underwriter of stability, and will the fall election transform its stance? This panel will also discuss the prospects for renewing overseas investment in Europe and the future of the welfare state as well as the still serious risk of departures from the alliance.
Moderator
Anatole Kaletsky, Columnist, Reuters
Speakers
Paul Coulson, Chairman, Ardagh Group
Karl-Theodor zu Guttenberg, Former Minister of Defense and Former Minister of Economics and Technology, Germany; Distinguished Statesman, Center for Strategic and International Studies
Erik Nielsen, Global Chief Economist, UniCredit Bank AG
Keith Savard, Senior Managing Economist, Milken Institute
Josef Stadler, Global Head UHNW, UBS AG
9:30 am - 10:30 am
Wireless communications, not long ago a niche market with limited capability and clunky gear, has evolved into a dramatically innovative industry. Now that it has merged with the Internet, it is present in every sphere of life and transformational in many. Parenting, politics, healthcare, finance, education, government, philanthropy, and certainly entertainment - there are proliferating apps for that. This panel will showcase the ideas that could enable mobile platforms to better serve communities, concepts that may grow into industries and probably will make what we are doing now obsolete. It will also consider the challenges of accommodating untethered growth in regard to spectrum, infrastructure, regulation, and cost.
Moderator
Jonathan Spalter, Chairman, Mobile Future
Speakers
Kit Beall, Vice President, Global Service Provider Segment, Cisco
Marianne Braunstein, Vice President, Product Management, Epocrates
David Carr, Founder, Supermechanical
Cory Ondrejka, Vice President, Mobile Engineering, Facebook
9:30 am - 10:30 am
The Midwest is seeing a revival in car manufacturing, which not long ago seemed to have run out of gas. William Clay Ford Jr., executive chairman of Ford Motor and grandson of its legendary founder, will discuss what's behind that resurgence. His company was the only one of the Big Three U.S. carmakers to make it through the financial crisis without a bailout - what did it feel like at the time? Ford may be uniquely placed to anticipate the role of the automobile in the 21st century and future forms of transportation. Also on the agenda: changing consumer tastes and the interplay between transportation, energy and the environment.
Interviewer
John Casesa, Senior Managing Director, Guggenheim Partners
Speaker
William Clay Ford Jr., Executive Chairman, Ford Motor Company
9:30 am - 10:30 am
At this juncture, we have good notion of what a 21st century city should look like. In many ways, though, our cities don't match that picture. Among those concerns is the effect of declining municipal finances on urban infrastructure that's in great need of renewal. What adaptations are required for cities to deal with the demographic, economic and resource challenges they face? What are the smarter cities doing right in finance, energy, transportation? How can public-private partnerships contribute to solutions? Are the best approaches to be found overseas or within the U.S.?
Moderator
Peter Scher, Executive Vice President and Head of Corporate Responsibility, JPMorgan Chase
Speakers
Dan Biederman, President, Bryant Park Corp.; President, Biederman Redevelopment Ventures
Rick Caruso, Founder and CEO, Caruso Affiliated
Richard Daley, Executive Chairman, Tur Partners LLC; Of Counsel, Katten Muchin Rosenman LLP
Scott Smith, Mayor, City of Mesa, Ariz.
Meredith Whitney, CEO, Meredith Whitney Advisory Group
9:30 am - 10:30 am
Most scientists agree that it is too late to prevent significant changes in the climate caused by the accumulation of greenhouse gases in the atmosphere. While it is more important than ever to reduce emissions, policymakers must begin to think about adaptation to the consequences of warming -- extreme rainfall cycles, rising sea levels and biological dislocation. This panel will explore a variety of means for managing the risks, ranging from enhanced market-based insurance and big infrastructure projects to bioengineering. And it will tackle the thorny question of who should pay the bills in both rich and poor countries, along with how to raise the necessary revenue with minimal economic disruption.

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Moderator
Peter Passell, Senior Fellow, Milken Institute; Editor, The Milken Institute Review
Speakers
Nathaniel Keohane, Vice President, International Climate Program, Environmental Defense Fund
Michael Levi, David M. Rubenstein Senior Fellow for Energy and the Environment, Director of the Program on Energy Security and Climate Change, Council on Foreign Relations
Molly Macauley, Vice President for Research and Senior Fellow, Resources for the Future
Richard Sandor, Senior Fellow, Milken Institute; Chairman and CEO, Environmental Financial Products; Lecturer in Law and Economics, University of Chicago
Sheldon Whitehouse, U.S. Senator
9:30 am - 10:30 am
Money is by nature symbolic - representing the erratic value of goods and services - but will it become entirely electronic? Some digital evangelists, touting the frictionlessness of cashlessness, think so. E-transactions are burgeoning along with the capabilities and reach of the Internet. Software engineering has fused with financial engineering and online communities are creating new forms of digital currency. Yet cash in circulation is also rising. Hand-held currency is an easy, uncomplicated means to know what you have and get what you want, which is all the more appealing in an era of economic insecurity and bitcoin chaos. Why rely on intermediaries and invisible transactions? Why trust if one can't readily verify? This panel will explore the forces that are changing money and, at the same time, keeping it in its traditional forms.
Moderator
Lauren Lyster, Co-Host, "Daily Ticker," Yahoo! Finance
Speakers
Eric Dunn, Senior Vice President, Commerce Network Solutions, Intuit
Paul Galant, CEO, Citi Enterprise Payments
Mark Lavelle, Senior Vice President, Strategy and Business Development, PayPal
Ed McLaughlin, Chief Emerging Payments Officer, MasterCard
9:30 am - 10:30 am
The members of this panel will change the way you think about social services, turning the traditional "beneficiary" model upside down. They've worked for years to transform the antiquated "givers and takers" paradigm to one of investment and return. Amid the heated rhetoric of the recent election season, these individuals were moved to make their voices heard. You will meet a young leader of peacemaking and social change efforts in schools, a community member working to LIFT up her neighbors while combating poverty in novel ways, and a former inmate who's reducing recidivism by changing the trajectory of current inmates' lives through education. Join us for an eye-opening conversation about creating sustainable programs that empower, inspire and challenge us all.
Moderator
John Rogers Jr., Founder, Chairman and CEO, Ariel Investments LLC
Speakers
James Anderson, Program Assistant, Anti-Recidivism Coalition
Scott Budnick, President, Green Hat Films
Eric Dawson, President and Co-Founder, Peace First
Jacqueline Gonzalez-Reyes, Advocate, LIFT-Los Angeles
Kirsten Lodal, Founder and CEO, LIFT
Malik Voyard, Alumnus, Peace First
9:30 am - 10:30 am
Public discussion of tax reform frequently focuses on individual and corporate rates but ignores broader issues that could have significant effects on markets, state finances and the overall economy. From the treatment of foreign real estate investors to MLPs and REITs, from municipal bonds to state tax deductions, these factors can shape how governments fund their programs, investors formulate strategies and companies structure operations. Our panel will examine a range of tax policy proposals with a focus on their impact across the economy.
Moderator
Liz Claman, Anchor, Fox Business Network
Speakers
Jared Bernstein, Economic Policy Fellow, Milken Institute; Senior Fellow, Center on Budget and Policy Priorities; Former Chief Economist to Vice President Joe Biden
Mark Everson, Vice Chairman, alliantgroup, LP; former Commissioner of Internal Revenue
Nancy Kopp, Treasurer, State of Maryland
Phillip Swagel, Senior Fellow, Milken Institute; Professor, University of Maryland School of Public Policy
9:30 am - 10:30 am
This session will highlight a new way to view portfolio construction, focused on managing risks rather than generating returns. Economies and markets have evolved, and whereas traditional techniques once delivered diversification levels and returns sufficient to meet investment objectives, they may now present limitations. We will discuss a different approach to portfolio construction that addresses common risks such as market volatility, inflation and longevity. Abandoning the traditional style box framework, we'll also look at a variety of investment strategies and their effectiveness, showing how risk-based approaches can support better portfolio outcomes, defined as being more consistent with less volatility.
IntroductionBy
Katie O'Reilly, Director, Business and Program Development, Milken Institute
Speakers
Dave Reichart, Portfolio Advisor, Principal Management Corp.
Lisa Shalett, Former Chief Investment Officer, Merrill Lynch Global Wealth Management
9:30 am - 10:30 am
The innovators who launch enterprises in the world's emerging regions are crucial for sustained development and the creation of ecosystems that encourage creativity and prudent risk-taking. But these entrepreneurs face obstacles not widely encountered in developed countries - a lack of access to seed-stage capital, mentors and management expertise. Many are coming to the United States to take their businesses to the next level. How do entrepreneurs from countries with nascent business climates gain a foothold and eventually flourish? If the ingredients for success are similar, what can ambitious people in emerging and developed regions learn from one another? In this panel, we will hear from entrepreneurs who have built businesses in emerging markets and those who help early-stage ideas reach their full potential.

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Moderator
Joanna Rees, Managing Director, Endeavor Catalyst LP
Speakers
Amjad Aryan, President and Founder, Pharmacy 1
Phaedra Chrousos, Chief Operating Officer and Co-Founder, Daily Secret
Diego Saez-Gil, Founder and CEO, WeTravelers
Esteban Sosnik, CEO, Atakama; Vice President, DeNA
Jonathan Teo, Managing Director, General Catalyst Partners
9:30 am - 10:30 am
The rising cost of higher education and the debt burdens of students and their families have become issues of national concern. Creative solutions are needed to curb these costs and ensure that students develop the workforce skills necessary to compete in the global economy. Promising ideas include fostering models premised on partnerships among industry, students and educational institutions; addressing attitudes and financial incentives related to higher education; and approaches to human capital investment that expand student choice. Join us for this private roundtable on reshaping and financing higher education in the U.S.
Moderator
Daniel Gorfine, Director, Financial Markets Policy, and Legal Counsel, Milken Institute
Speakers
Rohit Chopra, Student Loan Ombudsman, Consumer Financial Protection Bureau
Jeff Keltner, Head of Business Development, Upstart
Robert Lerman, Fellow, Urban Institute; Professor of Economics, American University
Ladan Manteghi, Executive Director, Global Social Enterprise Initiative at Georgetown University's McDonough School of Business
Barry Munitz, Trustee Professor, California State University, Los Angeles; President, Cotsen Family Foundations
10:45 am - 11:45 am
There is, by some estimates, at least $30 trillion sitting on the sidelines globally earning less than 1 percent. Risk-off sentiment has kept most of this liquidity out of the markets - with no apparent strategy or timeframe for being channeled into more productive use and better returns. Even with relatively benign inflation, the real return on this staggering amount of capital is negative. In 2012, the equity markets saw greater outflows than even 2008, the crux of the financial crisis. Investors bypassed double-digit gains as a result. What are they thinking now? Are new financial models needed? Are new allocation strategies coming? Will the fatigue of low returns raise investors' risk tolerance, or will the lingering hangover from the crisis keep them paralyzed? With corporations, institutional investors and sovereign wealth funds still hoarding cash, our panel will consider what might trigger the deployment of this capital toward building the future.

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Moderator
Joe Reece, Managing Director, Investment Banking, and Global Head, Equity Capital Markets, Credit Suisse
Speakers
Alexandra Lebenthal, President and CEO, Lebenthal & Company
Mustafa Sagun, Chief Investment Officer, Principal Global Investors
Max Stone, Managing Director and Executive Committee Member, The D. E. Shaw Group
James Zelter , Managing Partner, Apollo Capital Management; CEO, Apollo Investment Corp.
10:45 am - 11:45 am
In the post-financial crisis economy, start-ups and small businesses have struggled to access the capital necessary to create jobs. Credit markets have tightened, traditional early-stage equity investors are risk-averse and public market IPO activity has contracted. What can we do to improve the financial landscape for launching businesses? What changes to securities laws and innovative approaches, whether technology, government, or investor-based, will free up capital, and what can be done to develop entrepreneurial hubs and ecosystems across the country?
Moderator
Sean Greene, Former Associate Administrator for Investment and Innovation, Small Business Administration
Speakers
Steve Case, Chairman and CEO, Revolution; Co-Founder, America Online
Patrick McHenry, U.S. Congressman
Laura Roden, Founder and Managing Director, VC Prive LLC
Peggy Wallace, Managing Partner, Golden Seeds
Peter Williams, CEO, ACE Group, Inc.
10:45 am - 11:45 am
Shareholders are demanding more from managements and boards - not just as overseers, but in an effort to increase the value of the enterprise. Amid the backdrop of record-low interest rates, pent-up M&A demand and stacks of cash on corporate balance sheets, these activists are being backed by new capital. In addition, more companies are working with activist investors to identify opportunities to create and unlock substantial shareholder value. This panel explores the recent rise in investor engagement and its impact on all stakeholders.
Moderator
Anne Sheehan, Director, Corporate Governance, California State Teachers' Retirement System (CalSTRS)
Speakers
Michelle Edkins, Global Head of Corporate Governance and Responsible Investment, Black Rock
Ed Garden, Chief Investment Officer and Founding Partner, Trian Fund Management, LP
Clifton Robbins, Founder and CEO, Blue Harbour Group
Barry Rosenstein, Founder and Managing Partner, JANA Partners
Peter Weinberg, Founding Partner, Perella Weinberg Partners
10:45 am - 11:45 am
Private real estate investors appear to have done what the government, bankers and other market participants couldn't - attract new sources of capital and clear inventory. A housing recovery is underway in the U.S., with sales of existing homes reaching their highest levels since 2007 and prices bottoming out. Single-family homes have become an alternative asset class with investors such as Blackstone Group and Colony Capital allocating billions to it. They can pay in cash and absorb inventory in bulk. Private investors are behind much of the new home development as well. Realtors, builders and mortgage lenders seem happy with these developments, but how do they change traditional market relationships? Do builders care whether the buyer is an investor or a family? What about the realtor's role in helping a couple find their "dream house"? With lending standards still tight, can prospective homeowners compete? Our panel will explore how the new phase in real estate has changed the rules of the market.
Moderator
Rick Newman, Chief Business Correspondent, U.S. News & World Report
Speakers
Scott Garrett, U.S. Congressman
Jeff Greene, Investor and Philanthropist
Emile Haddad, President and CEO, FivePoint Communities
James Litinsky, Founder and Managing Member, JHL Capital Group LLC
10:45 am - 11:45 am
Californians take pride in our leadership in social trends, technology, entertainment and entrepreneurship. What about influence in Washington? Although delegations from the state's regions and key industries have made inroads in the nation's capital, rarely have California's representatives unified around statewide issues. In 2013, those include decaying infrastructure, implementation of health care reform and a shortage of skilled workers - and it has never been more important for California's congressional representatives to collaborate with state leaders in business, government, academia and philanthropy. This session will advance that dialogue. We'll discuss ways state leaders can help our delegation in Washington help California, particularly when it comes to laying the groundwork for future prosperity. We will also get an update on what to expect from Washington in the coming year.
Moderator
Susan Kennedy, Senior Policy Advisor, Alston & Bird LLP; Chief of Staff to former Gov. Schwarzenegger
IntroductionBy
Erin Tanenbaum, Associate Director, Business and Program Development, Milken Institute
Speakers
John Campbell, U.S. Congressman
Tony Cardenas, U.S. Congressman
Kevin McCarthy , U.S. Congressman
Maxine Waters, U.S. Congresswoman
10:45 am - 11:15 am
10:45 am - 11:45 am
What are the long-term implications for the United States of investing less than 2 percent of GDP in public infrastructure while other nations allocate far more? (For China, it's 9 percent.) From roads, bridges and sewers to airports and schools, the need is staggering in financial terms. One recent estimate - $50 trillion - is greater than the total of municipal bonds outstanding. Are enough investors and taxpayers out there? Politicians, bankers, pension funds and others have designed public-private partnerships and infrastructure trusts to supplement the tax-exempt market, but the results have been mixed. Does the United States need an infrastructure bank? What can we learn from financing successes in other parts of the world? Taking a global view, our panel will set the foundation for solutions.
Moderator
Dale Bonner, Senior Advisor, Milken Institute; Chairman, Plenary Group USA
Speakers
Samara Barend, Vice President and Development Director, AECOM Capital
Sarah Clark, President and CEO, Partnerships BC
Sean Glodek, Director and Board Member, Russian Direct Investment Fund
Stephen Goldsmith, Daniel Paul Professor of Government and Director, Innovations in American Government Program, Harvard Kennedy School of Government
William Reid, Senior Managing Director and Head of Infrastructure, Guggenheim Investments
10:45 am - 11:45 am
Africa has raised its investment profile over the last decade, benefiting from an improving macroeconomic environment, reductions in armed conflict and the spread of democratic institutions. Although the surge of global capital flowing to Africa has been concentrated in natural resources, there are exciting opportunities in renewable energy, infrastructure, agriculture and education. Despite measurable progress, however, Africa is still grappling with challenges that include the need for higher-quality workforce training, more effective partnership models and new ways to facilitate access to capital.
Moderator
Ernest Wilson III, Dean and Walter H. Annenberg Chair in Communication, Annenberg School for Communication and Journalism, University of Southern California
Speakers
Paul Hinks, CEO, Symbion Power; Chairman, Corporate Council on Africa
Jay Ireland, President and CEO, GE Africa
Sam Nwanze, Chief Investment Officer, Heirs Holdings
V. Shankar, Group Executive Director and CEO, Europe, Middle East, Africa and Americas, Standard Chartered Bank
Seth Terkper, Minister of Finance and Economic Planning, Republic of Ghana
10:45 am - 11:45 am
High-risk, long-term investments are needed to turn medical innovations into lifesaving therapies. However, an industry-wide funding gap for early-stage drug development coupled with a retreat by venture investors from all but late-stage life sciences have created the need for new inventive, sustainable funding models. In the last year, many of these approaches -- from novel public-private partnerships to highly leveragable venture philanthropy investments to a new breed of institutional fund managers -- have come into their own, with early data supporting an optimistic view of what's ahead. There is also a growing movement to apply nontraditional models such as crowdfunding as a disruptive force in biotech. How are these models improving the risk-return ratio for early-stage research, making it a more attractive opportunity? What are the pitfalls? How does the involvement of philanthropic and/or government funding create leverage and attract greater private investment?
Moderator
Melissa Stevens, Deputy Executive Director, FasterCures
Speakers
Jodi Black, Deputy Director, Division of Extramural Research Activities, NHLBI, National Institutes of Health
Louis DeGennaro, Executive Vice President and Chief Mission Officer, Leukemia & Lymphoma Society
Rajiv Kaul, Portfolio Manager, Select Biotechnology Portfolio and Advisor Biotechnology Fund, Fidelity Investments
Matthew Perry, Portfolio Manager, BVF Partners L.P
Greg Simon, CEO, Poliwogg; Board Member, FasterCures
10:45 am - 11:45 am
If you take 30 linear steps, you walk across the room. If you take 30 exponential steps, that's a billion steps. Join visionaries who are trying to spur humanity to think exponentially. Peter Diamandis, founder of the X Prize Foundation and a bestselling author, will discuss the most compelling ideas that came out of X Prize's annual Visioneering gathering. We'll celebrate projects that could lead to radical breakthroughs, benefiting humanity and inspiring the formation of new industries.
Moderator
Peter Diamandis, Chairman and CEO, XPRIZE Foundation
Speakers
Paul Benda, Director, Homeland Security Advanced Research Projects Agency, Science & Technology Directorate, U.S. Department of Homeland Security
Freda Lewis-Hall, Executive Vice President and Chief Medical Officer, Pfizer, Inc.
Megan Smith, Entrepreneur and Vice President, Google[x]
10:45 am - 11:45 am
Youthful demographics, rising productivity and changing technology in emerging and frontier markets create enormous investment opportunities but also necessitate systemic change in structuring development finance. Great creativity is required for delivering solutions and expanding the necessary systems. This is especially true in the crucial areas of energy, health, water and food. Technologies need to be customized, financed and deployed on massive scales to make a difference in the lives of the vulnerable poor. Gaps also exist in financing tools and programs, including loans, equity support, insurance and more. Bridging them will require scientific proficiency, fresh business models, smart incentive structures, the tailoring of technology to local conditions and geographic and cultural awareness. In this roundtable, we'll discuss social and financial innovations in Africa, the Middle East, and Asia aimed at expanding growth.
Moderator
Steve Zecher, Project Director, Regional Development and Finance Research, Milken Institute Israel Center
Speakers
Anne Heyman, Philanthropist and Founder, Agahozo-Shalom Youth Village
Netanel Oded, Senior Economist, National Economic Council, Israeli Prime Minister's Office
Eytan Stibbe, Founding Partner, Vital Capital Fund
Tally Zingher, Attorney and former Co-Founding Managing Director, MENA Investment Network
10:45 am - 11:45 am
As a brutal civil war continues in Syria, Najib Ghadbian is waging a peaceful battle to make Americans understand what is at stake. The University of Arkansas professor, now the Syrian opposition's top representative in this country, will discuss prospects for ending the violence and inaugurating a democratic era in his homeland. Iran is an ally of the dictatorship - could regime change also change the geopolitics of the region? In the end, will the democratic forces Ghadbian represents be strong enough to marginalize the Islamic extremists who are also in the fight? Is there a plan for economic development or guarantees of women's rights?
Interviewer
Skip Rimer, Executive Director, Programs and Communications, Milken Institute
Speaker
Najib Ghadbian, Special Representative to the United States, National Coalition of Syrian Revolution and Opposition Forces
12:00 pm - 2:00 pm
Institute Chairman Mike Milken sits down with Tony Blair to discuss a wide range of issues including global politics, international economics and energy as well as more personal reflections on leadership, faith and philanthropy. Blair, who served as prime minister of the United Kingdom from 1997 to 2007, now represents the Quartet - the United Nations, the European Union, the United States and Russia - in helping mediate Middle East peace negotiations. In addition to addressing the Middle East, the euro zone and other pressing geopolitical topics, this free-flowing discussion will explore the global race for human capital; the shifting natural-resource landscape; the roles of religion and culture in national development; the future of education; and Blair's philanthropic efforts, including the Tony Blair Faith Foundation, created to promote respect and understanding among religions, and the Africa Governance Initiative, which will be a major focus of Wednesday's Africa panel.

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Interviewer
Michael Milken, Chairman, Milken Institute
Speaker
Tony Blair, Former Prime Minister, Great Britain and Northern Ireland
12:00 pm - 1:00 pm
Speaker
Eric Cantor, U.S. Congressman and Majority Leader
2:30 pm - 3:30 pm
In this session, Carlyle Group co-founder David Rubenstein interviews former U.S. Treasury Secretary Robert Rubin and Nobel laureate economist Gary Becker about global economic trends, public finance and the capital markets. Join us for a multifaceted discussion among three renowned leaders of finance.

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Moderator
David Rubenstein, Co-Founder and Co-CEO, The Carlyle Group
Speakers
Gary Becker, Nobel Laureate; Professor of Economics and Sociology, University of Chicago
Robert Rubin, Co-Chairman, Council on Foreign Relations; former U.S. Treasury Secretary
2:30 pm - 3:30 pm
In 2008, oil hit $147 a barrel and natural gas traded as high as $14 per million British thermal units. Then fracking technology matured. Rather than being plagued by diminishing supplies, current data indicates that the U.S. has the largest fossil fuel reserves in the world. Instead of importing oil and natural gas, the Energy Information Agency forecasts that the U.S. will be a net exporter of energy as soon as 2020. Already companies are moving chemical plants back to the U.S. to take advantage of natural gas prices that have fallen to as low as $2 per million BTUs. Other countries are also contemplating the use of fracking. What will this energy boom do to the world economy? How will it affect the entrenched players in or aligned with OPEC? Will these dynamics shift the balance of global economic power? Our panel will examine the implications of energy abundance.
Moderator
Brian Sullivan, Anchor, CNBC
Speakers
Rick George, Former CEO, Suncor Energy; Partner, Novo Investment Group
Joshua Harris, Co-Founder and Chief Investment Officer, Apollo Global Management, LLC
T. Boone Pickens, Entrepreneur and Philanthropist; Founder, BP Capital
Jay Pryor, Vice President, Business Development, Chevron
R. James Woolsey, Venture Partner, Lux Capital; Chairman, Foundation for Defense of Democracies; Former Director of Central Intelligence
2:30 pm - 3:30 pm
The last quarter of 2012 saw a 20 percent annual increase in the value of middle-market M&A transactions after a long, flat period since the start of the credit crunch and recession. The last bull market cycle in M&A peaked in 2007. With middle-market private equity firms becoming more active acquirers, are we now positioned for a recovery in restructurings and turnarounds? The assembled experts will discuss what sectors, traditional for private equity and otherwise, are likely to benefit from the next wave. How will corporate, cross-border and financial buyers divide the market? What's the trend in lending, and will CLOs and business development companies maintain their prominent roles? Will tax code uncertainties and worries about public deficits curb activity?
Moderator
Adam Sokoloff, Managing Director and Global Head of Financial Sponsors Group, Jefferies LLC
Speakers
Lauren Leichtman, Founding Principal and CEO, Levine Leichtman Capital Partners
Brian Reynolds, Managing Partner, Chatham Capital
Ted Virtue, CEO, MidOcean Partners
Barry Volpert, Co-Founder and CEO, Crestview Partners
Kneeland Youngblood, Founding Partner, Pharos Capital Group
2:30 pm - 3:30 pm
Audacious innovators are out to change the world. Risk-takers are turning classic business models upside down. Social-media entrepreneurs are revolutionizing the workplace and shortening the business cycle. Corporations with in-house incubators are recreating entrepreneurial environments as a recruitment and retention strategy. Tweeting consumers promote while purchasing. These are the disruptors, innovators and entrepreneurs who keep reinventing society. How do we measure social currency and build community? Does everyone need a personal brand-marketing strategy to succeed? Philanthropists and global citizens, filmmakers, gamers and storytellers are transforming the way we look at and interact with the world. Join us for a conversation without boundaries.

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Moderator
Lisa Ling, Host, "Our America"
Speakers
Bonin Bough, Vice President, Global Media and Consumer Engagement, Mondelez International
Gotham Chopra, Filmmaker and Co-Founder, Graphic India
Ryan Holmes, CEO, HootSuite
Kenneth Lerer, Managing Director, Lerer Ventures; Co-Founder, Huffington Post
2:30 pm - 3:30 pm
Consumers are crazy about Apple, Google, and Facebook. But when it comes to IPO performance, valuation and revenue growth, less sexy enterprise technology has a great story to tell. Our panel of venture and private equity investors will turn a spotlight on technology market segments that have been advancing under the radar. Among them, a range of software niches, virtualization, network and cyber-security as well as opportunities surrounding big data. What's the latest in cloud computing and mobile broadband? And consumer segments won't be overlooked as we discuss e-commerce, social networking and other models in the pipeline. We'll expand your view of what's leading-edge and lucrative.
Moderator
Alec Ellison, Vice Chairman, Jefferies LLC; Chairman, Technology Investment Banking
Speakers
Paul Barber, Managing General Partner, JMI Equity
Paul Maeder, Co-Founder and Managing General Partner, Highland Capital Partners
Brett Rochkind, Managing Director, General Atlantic
Scott Sandell, General Partner, New Enterprise Associates, Inc.
Robert Smith, Chairman and CEO, Vista Equity Partners
2:30 pm - 3:30 pm
At a time when federal budget cuts are reshaping the nation's military industries and NASA, a transformation is occurring in how the aerospace industry approaches not only innovation, but investment in the business of developing aircraft and space platforms. Government agencies are adapting to a changing world, one marked by private-sector innovation and more limited government oversight of design and construction, let alone actual operations. Nowhere is this more apparent than in aviation and aerospace, where development is being shepherded by a talented group of innovators, entrepreneurs and executives. Despite the tradition of male leadership in this field, women are positioned at the forefront of these changes. The women on this panel are in some of the most important and visible roles.
Moderator
Richard Sandler, Executive Vice President, Milken Family Foundation; Partner, Law Offices of Maron & Sandler
Speakers
Esther Dyson, Chairman, EDventure Holdings
Mae Jemison, Principal, 100 Year Starship
Ellen Pawlikowski, Lieutenant General, U.S. Air Force; Commander, Space and Missile Systems Center, Los Angeles Air Force Base
Gwynne Shotwell, President, SpaceX
2:30 pm - 3:30 pm
Indonesia, the world's fourth-largest nation by population and the largest Muslim country, has been transformed since 1998, when its economy collapsed during the Southeast Asian financial crisis and Gen. Suharto's 32-year dictatorship came to an end. Although democratic institutions are still evolving, free elections since 1999 and a free media point to sustained stability and serve as an example within Asia and the rest of the world. Now the Indonesian economy is booming, with average growth rates above 6% and an expanding middle class. This panel will discuss this period of remarkable change in Indonesia and the future of this promising nation.
Moderator
Robert Gelbard, Former U.S. Ambassador to Bolivia and Indonesia; President, Gelbard International Consulting
Speakers
Dino Patti Djalal , Indonesian Ambassador to the United States
Achmad Kurniadi, Deputy Chairman for Investment Cooperation, Indonesian Investment Coordinating Board (BKPM)
Luhut Pandjaitan, Former Minister of Trade and Industry, Indonesia; Founder, Toba Sejahtra Group
Patrick Walujo, Co-Founder and Managing Partner, Northstar Pacific Partners
2:30 pm - 3:30 pm
A waning manufacturing base can blunt an innovative edge. Recently, though, some of the conditions that multinationals care about have made the U.S. more inviting. With cheap natural gas abundant while wages rise overseas, manufacturers are giving the U.S. a second look. Many countries, however, continue to offer more "business-friendly" and lower-cost environments than the U.S., and even China. Places like Vietnam and Mexico have improved their positions as manufacturing centers. The scope of capital investment continues to broaden and the global movement of goods remains in expansion mode, yet the nature of competitive advantage is changing. This panel will map the pathways of manufacturing and explore where the industries of the future will flourish.
Moderator
John Paul Macdonald, Senior Vice President, Human Resources and Public Affairs, Bombardier Inc.
Speakers
Damian Chan, International Director, Americas, Singapore Economic Development Board
Zachary Karabell, Senior Fellow, Milken Institute; President, River Twice Research
Ron Kirk, Former U.S. Trade Representative; Senior Of Counsel, Gibson, Dunn & Crutcher
John Manley, President and CEO, Canadian Council of Chief Executives; former Deputy Prime Minister, Canada
Eyal Ofer, Chairman, Global Holdings Inc.; Chairman, Zodiac Maritime Agencies Ltd.
2:30 pm - 3:30 pm
What region wouldn't want to become the next Silicon Valley or Research Triangle? It could be within reach with the right public policy and investments in higher education. An educated workforce is a fundamental factor in determining the economic performance of regions around the United States. But other advanced nations are ahead of the U.S. in the level of education among young adults. Our panel will discuss how to address this and more. What actions should be taken by policymakers, educators, business executives and civic leaders? How can we make education more accessible and affordable, increase graduation rates and strengthen coordination between industry and institutions of learning? What strategic educational investments would improve regional and national competitiveness, and what occupations would bolster the economy most in the 21st century?
Moderator
Ernest Wilson III, Dean and Walter H. Annenberg Chair in Communication, Annenberg School for Communication and Journalism, University of Southern California
Speakers
Gregory Cappelli, CEO, Apollo Group; Chairman, Apollo Global
Gray Davis, Former Governor of California; Of Counsel, Loeb & Loeb LLP
Ross DeVol, Chief Research Officer, Milken Institute
Feridun Hamdullahpur, President, University of Waterloo
Udeitha Srimushnam, Candidate, Master of Communication Management, USC Annenberg School for Communication and Journalism
2:30 pm - 3:30 pm
Interviewer
Michael Milken, Chairman, Milken Institute
Speaker
Sumner Redstone, Executive Chairman, Viacom Inc. and CBS Corp.
2:30 pm - 3:30 pm
Africa is poised to enjoy an unprecedented period of widespread economic growth, but significant challenges threaten the continent's development. More than one-third of Africans remain in extreme poverty, infrastructure is very limited and corruption is pervasive. These and other issues need to be addressed for Africa's economic engine to run efficiently, which will require partnerships among the public, private, philanthropic and nongovernmental sectors. This private roundtable will engage leaders from various sectors to share the challenges and opportunities involved, find areas of common concern, forge new relationships and explore areas for collective endeavor.
Moderator
June Sarpong, Broadcaster and Co-Founder, Women: Inspiration & Enterprise
Speakers
Shari Berenbach, President and CEO, United States African Development Foundation
Anne Heyman, Philanthropist and Founder, Agahozo-Shalom Youth Village
Ken Jaffe, President and Executive Director, International Child Resource Institute
Eytan Stibbe, Founding Partner, Vital Capital Fund
Nick Thompson, Chief Executive, Tony Blair Africa Governance Initiative
2:30 pm - 3:30 pm
Speakers
Karen Berman, Executive Director, Youth Renewal Fund
Marc Rowan, Co-Founder and Senior Managing Director, Apollo Global Management, LLC
3:45 pm - 4:45 pm
What strategies are the biggest funds betting on in 2013? Our panel of top-tier institutional managers will discuss their paths to outperformance, whether based on gut feelings or algorithms. What international themes appear promising - BRIC, MIST, CIVETS, even Europe? Do certain asset classes stand out this year? At the same time, where are the caution signs flashing? What policy and regulatory issues are on their radar, even after the resolution of political uncertainties in the U.S. and elsewhere? How is trading itself evolving, and are those trends helping or hurting?

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Moderator
Tom Finke, Chairman and CEO, Babson Capital
Speakers
Janet Cowell, Treasurer, State of North Carolina
Joseph Dear, Chief Investment Officer, California Public Employees' Retirement System (CalPERS)
Michael Sabia, CEO, Caisse de depot et placement du Quebec
Mauricio Wanderley , Chief Investment Officer, Fundacao Vale do Rio Doce de Seguridade Social
3:45 pm - 4:45 pm
This past year has seen a dramatic shift in global media and entertainment As the supply of mobile content continues to develop, how that content is financed and distributed keeps changing. That's reflected in Disney's acquisition of Marvel and Lucasfilm, Comcast's completion of its NBC Universal acquisition and the ongoing evolution in the relationships with such providers as Netflix, Apple and Amazon.com, not only in the U.S. but in growing international markets. As revenue from traditional models declines, are artificial limits on broadband speeds and content delivery inhibiting the uptake of paid digital distribution? Do international markets compensate for potential declines in U.S. television revenue? As media companies deal with such issues as changing platforms, declining movie revenue and globalization, what does the industry's past tell us about the big picture for media in the future?
Moderator
Julia Boorstin, Media and Entertainment Reporter, CNBC
Speakers
Gale Anne Hurd, CEO and Producer, Valhalla Entertainment
Michael Lynton, CEO, Sony Entertainment, Inc.; Chairman and CEO, Sony Pictures Entertainment
Leslie Moonves, President and CEO, CBS Corp.
Robert Pittman, CEO, Clear Channel Communications; Founder, MTV
3:45 pm - 4:45 pm
Sequestration. Debt and deficit reduction. Tax reform. Immigration. Education. Unemployment and job creation. Washington has a lot on its plate this year, but the question is: What can our leaders in Washington accomplish? Will the 113th Congress usher in a paradigm of consensus to address the challenges that face our nation? Or will the election's slightly shifted political ground harden partisan lines? A distinguished group of leaders will discuss America's priorities and how to advance them.

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Moderator
Major Garrett , Chief White House Correspondent, CBS News
Speakers
Bob Casey, U.S. Senator
Cathy McMorris Rodgers, U.S. Congresswoman
Jerry Moran, U.S. Senator
Mark Warner, U.S. Senator
3:45 pm - 4:45 pm
If a tree falls in the forest and an electronic sensor hears it, it becomes data. In 2011, the world created more data than it had from the dawn of civilization through 2010, enabled by the relentless contraction in the costs of storage and computing power. Industrial and commercial data are exploding, from online activity and buying patterns to product testing, financial algorithms, and transit monitoring. And wasn't it data that drove President Obama's 2012 get-out-the-vote effort? Though some call data a new currency, cashing in will require seeing through the clutter to map new trends and dynamics. Our panel will delve into the riddles of using Big Data effectively and profitably. Is the cloud model working? Is the cost equation more complicated than many believe, considering that high-skilled workers and operation reorganizations around data aren't cheap? What might lawmakers and regulators do as concerns of over-automation arise, privacy advocates push back, and the basic rules that govern social interaction change?
Moderator
Paul Kedrosky, Contributing Editor, Bloomberg; Partner, SK Ventures
Speakers
Michael Chui, Principal, McKinsey Global Institute
Frank Cooper III, Chief Marketing Officer, PepsiCo Global Beverage Group
Jim Messina, Chairman, Organizing for Action; Campaign Manager, Obama Campaign
DJ Patil, Data Scientist in Residence, Greylock Partners
Kevin Slavin, Assistant Professor and Founder, Playful Systems Group, MIT Media Lab; Co-Founder, Area/Code
3:45 pm - 4:45 pm
Financial capital is the lifeblood of our globalized economy. The ease with which it flows across borders and markets influences the attractiveness of investment and business opportunities. Emerging and developing countries in particular hold great promise for high returns for various stakeholders -- including multinational corporations, mid-market companies, general and limited partners. The success stories of Singapore and South Korea are compelling examples of how open and competitive policy and regulatory environments can attract foreign direct investment and spur growth that not only benefits investors and stakeholders but accelerates the evolution of countries and regions into sophisticated economies. The Milken Institute's Access to Global Capital Initiative tries to advance these ideas. This session will identify current and emerging opportunities for investment, delve into the best practices of nations leading the world in attracting capital and offer insights on improving the efficiency of flows around the world.
Moderator
Mindy Silverstein, Managing Director, Milken Institute
Speakers
David Bonderman, Founding Partner, TPG Capital
Dino Patti Djalal , Indonesian Ambassador to the United States
Jay Ireland, President and CEO, GE Africa
Seth Merrin, Founder and CEO, Liquidnet
William Pearce, Acting Head, Investment Funds Department, OPIC
3:45 pm - 4:45 pm
To many, natural gas is the solution to the intermittent energy crises the U.S. has dealt with for decades. Domestic supplies have swelled, largely a result of shale discoveries accessed by fracking, a controversial technique. Partly as a consequence, prices have fallen dramatically since 2008 and companies are trying to figure out how to take advantage of it. But opponents of fracking remain active, and natural gas, though cleaner than coal for use in electric plants, is still a fossil fuel that emits climate-changing carbon dioxide. In addition, although natural gas could power cars and trucks, that would require infrastructure building and changes in vehicle manufacturing. Another challenge: Prices are so low, they don't cover the cost of extraction. Will natural gas fuel our future? If so, how?
Moderator
Brian Sullivan, Anchor, CNBC
Speakers
Ralph Eads III, Vice Chairman, Jefferies LLC
Rick Grafton, CEO and Chief Investment Officer, Grafton Asset Management
Yossie Hollander, Chairman, Fuel Freedom Foundation
Shaia Hosseinzadeh, Principal, WL Ross & Co. LLC
Nathaniel Keohane, Vice President, International Climate Program, Environmental Defense Fund
3:45 pm - 4:45 pm
Russia is a complex but potentially rewarding landscape for American businesses. A mainstay of the world energy and minerals trade, the country boasts a large consumer market, high technology and much more. What do companies need to know to help them get an initial foothold or expand their operations? Where can local capital be accessed, and how does a company navigate the legal, currency and capital markets terrain? This panel will offer the insights of entrepreneurs who have succeeded in the Russian marketplace.
Moderator
Alexander Kovaler, Founder and Chairman, Nathan's Famous Russia and Central Asia
Speakers
Sean Glodek, Director and Board Member, Russian Direct Investment Fund
Steven Hellman, Managing Director and CEO, Russia and CIS, Credit Suisse
Paul Heth, CEO, Karo Film
Mark Stiles, President and CEO, AVICA Property Investors
3:45 pm - 4:45 pm
The Milken Institute is proud to support the International Impact Investing Challenge, part of the growing movement among graduate business students to address large-scale global challenges. This year, we feature two IIIC teams -- Effortless Energy of the University of Chicago and UpSkill Capital of the Kellogg School -- that are converting impact investing ideas from theory to practice. Effortless Energy has developed a service contract that removes common barriers to residential energy-efficiency adoption through an innovative shared-savings model with homeowners. UpSkill Capital has created a new way to fund vocational training for young adults in India who are trapped in poverty. Join us to learn how these and other future leaders are reshaping the face of impact investing.

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Moderator
Paul Irving, President, Milken Institute
Speakers
Dave Chen, CEO, Equilibrium Capital Group
Matt Gee, Chief Technology Officer and Co-Founder, Effortless Energy
Tobias Schimmer, Co-Founder, UpSkill Capital
Kathleen Schindler, Co-Founder, UpSkill Capital
Claire Tramm, CEO and Co-Founder, Effortless Energy
3:45 pm - 4:45 pm
What is the new model for Latin America? For the past decade, Brazil has captured worldwide attention as it joined the ranks of the planet's 10 top economies and was rewarded with the Olympics and the World Cup. However, Brazil's growth has stalled, and Mexico has reasserted itself as the fastest-growing of Latin America's large economies, despite its own internal issues. Meanwhile, Colombia has enjoyed a tremendous resurgence, heralded by a free-trade pact with the U.S. At the same time, the Castro-Chavez model has spread from Cuba and Venezuela to Bolivia. Our panel will consider the region's best bet to promote further growth. Should it follow a strategy of trade blocs, protected industries and social programs driven by natural resource riches, or free-trade agreements and luring foreign investment with an increasingly competitive workforce?
Moderator
Duncan Wood, Director, Mexico Institute, Woodrow Wilson International Center for Scholars
Speakers
Cate Ambrose, President and Executive Director, Latin American Private Equity & Venture Capital Association
David Dreier, Chairman, Annenberg-Dreier Commission; former U.S. Congressman
Carlos Elizondo, Professor, Center for Research and Teaching in Economics
Eduardo Moron, Director, Economic Studies, Latin American Reserve Fund
3:45 pm - 4:45 pm
In medical research, we talk about breaking down the silos among scientific laboratories, institutions and disciplines. Shouldn't we be doing the same with R&D financing? Our panel will discuss new markets and mechanisms that can help capital collaborate while managing risk. When the innovation baton is passed from academia, how do we ensure there is a finance partner to run with it? How can we marry the mission-driven money from foundations with the return-seeking resources of traditional investors? What new players, such as endowments and family offices, should participate?
Speakers
Louis DeGennaro, Executive Vice President and Chief Mission Officer, Leukemia & Lymphoma Society
Earle Mack, Senior Partner, Mack Co.; former U.S. Ambassador to Finland
Bernard Munos, Founder, Innothink; Senior Fellow, FasterCures
Melissa Stevens, Deputy Executive Director, FasterCures
5:00 pm - 6:00 pm
In the contest between "The Global Mind" and "Earth Inc.," who will win? Oscar winner, Nobel laureate, environmental activist, bestselling author and former Vice President Al Gore offers his assessment of the future, in which rapid human population growth and an expanding global middle class are contributing to an increase in consumption and the depletion of natural resources. What is the influence of technological innovation on politics in a world undergoing the most rapid change in its history? Who will prevail -- the powerful transnational corporations and networked entrepreneurs disrupting the traditional power of the nation-state, or will it ultimately be a connected, enlightened public? Join us for an expansive and provocative forecast.

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Interviewer
Michael Klowden, CEO, Milken Institute
Speaker
Al Gore, Former Vice President, United States of America
6:00 pm - 6:30 pm
6:00 pm - 7:00 pm
6:00 pm - 7:00 pm
6:00 pm - 7:00 pm
6:00 pm - 7:00 pm
6:00 pm - 7:00 pm
6:00 pm - 7:00 pm
6:30 pm - 9:00 pm
Interviewer
Katie O'Reilly, Director, Business and Program Development, Milken Institute
Speaker
Millard Drexler, Chairman and CEO, J.Crew Group, Inc.
7:00 pm - 10:00 pm
Speakers
Larry Mizel, Chairman and CEO, MDC Holdings Inc.
David E. Simon, Chairman and CEO, Simon Property Group, Inc.
Steve Wynn, Chairman and CEO, Wynn Resorts
7:00 pm - 9:30 pm
A select group of the world's leading philanthropists, impact investors and foundation and social-sector innovators will come together for a private discussion about turning ideas into action, increasing impact and advancing missions for change.
7:30 pm - 9:00 pm
Join us for an exclusive evening in Beverly Hills for Milken Institute Global Conference guests. Two Rodeo -- the elite shoppers' paradise that is home to 27 luxury boutiques -- and the Beverly Hills Conference and Visitors Bureau are showcasing the best of the city while providing guests the opportunity to shop, drink fine wine and network. Twenty of California's top winemakers will be pouring their highest-rated wines inside each boutique. Enjoy appetizers and cheeses while you take in the unique atmosphere on world-famous Rodeo Drive. Special shopping offers will be provided by participating boutiques. Shuttles for the event will depart from the Wilshire Boulevard cut-out at the Beverly Hilton. A map and a list of shops will be included on your "passport" to the event when you arrive at the venue.
Wednesday, May 1, 2013
6:00 am - 4:00 pm
6:00 am - 8:15 am
7:00 am - 8:15 am
Israel's economic growth has been inadequate and shared unequally. Social cohesion is a key aspect of Israel's national security, yet charitable giving has fallen off and the new government faces growing deficits with insufficient resources to bridge dangerous social and economic gaps. To face these challenges, Israel needs a novel, flexible and efficient system to channel capital into projects with social and regional impact. In this roundtable, we will explore the use of charitable and government funds leveraged by private capital through matching and structured finance to solve pressing social, community and environmental challenges. The focus will be creating double bottom line returns via social investment funds and intermediaries and social impact bonds.
Moderator
Davida Lachman-Messer, Senior Fellow, Milken Institute Israel Center
Speakers
Lorin Fife, Chairman Emeritus, Jewish Community Foundation of Los Angeles
Alan Hoffmann, CEO and Director General, Jewish Agency for Israel
Carl Kaplan, Managing Director, Koret Israel Economic Development Funds
Yaron Neudorfer, CEO, Social Finance Israel
Izzy Tapoohi, President and CEO, Israel Bonds
8:30 am - 9:45 am
A year ago, few pros expected Apple to fall and the Facebook IPO to fizzle. On the other hand, it wasn't a long shot that yields would stay low and Congress would still be wrangling over fiscal issues. Our panel of investment sages will offer their analysis and opinion on the questions facing the markets, and some that aren't on the radar yet. What has changed in the world's two top economies after the U.S. election and the transfer of power in China? With uncertainty reduced and optimism rising, will PE ratios continue to climb? Or are dividends, which have staged a lively rebound since the financial meltdown, the core of a smart strategy? The market may be ready to embrace a new group of bellwethers -- names, please. Has the love of Treasuries run its course? Will risk-takers in Europe be rewarded or regretful? Will hedge funds have a good year? Which asset classes, and regions of the world, will stand out in the next 12 months?

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Moderator
Christopher Ailman, Chief Investment Officer, California State Teachers Retirement System (CalSTRS)
Speakers
John Calamos Sr., CEO and Global Co-Chief Investment Officer, Calamos Investments
Anne Casscells, Co-President and Chief Investment Officer, Aetos Alternatives Management
George Evans, Chief Investment Officer, Equities, OFI Global Asset Management
J. Todd Morley, Chairman and CEO, G2 Investment Group
John Rogers Jr., Founder, Chairman and CEO, Ariel Investments LLC
8:30 am - 9:45 am
Despite China's importance on the global business stage, its financial markets are rarely called investor-friendly. Companies tend to have short histories, so investors seeking track records will be frustrated. On top of that, company data is not always available or reliable in an environment that lacks transparency. Creditworthiness is sometimes influenced by political ties, especially among state-owned enterprises. Our panel will tackle the logical question: How well can you know a Chinese company? We'll discuss how financial instruments are packaged, bought and sold in China, and how they work politically as well as financially. We'll offer guidance on finding higher-quality information and consider how recent cases reflect on the prospects for greater openness and reliability as these markets mature.
Moderator
James McGregor, Senior Counselor, APCO Worldwide
Speakers
David Bonderman, Founding Partner, TPG Capital
Howard Chao, Senior Partner for Asia, O'Melveny & Myers
Benjamin Fanger, Co-Founder and Managing Director, Shoreline Capital
John Pattar, Managing Director, CLSA Capital Partners
8:30 am - 9:45 am
Social capital markets and impact investing are growing globally. From sophisticated equity and debt structures to social impact bonds, credit enhancement vehicles and new investor products, the worlds of investing and philanthropy are connecting. Knowledgeable participants are pursuing opportunities to achieve both financial and social returns, leverage their impact, and spread, scale and sustain promising ventures and programs for change. As governments around the world deal with austerity and traditional philanthropy proves insufficient to address a world of need, can social capital lead the way - providing large scale investment, innovation, business discipline and the potential for system-level solutions? This panel of global thought leaders will discuss where social capital markets have been, how they're changing and what socially conscious investors must understand as they look to the future.
Moderator
Alexander Friedman, Global Chief Investment Officer, UBS AG
Speakers
Jean Case, CEO, Case Foundation
Ron Cordes, Co-Founder, Cordes Foundation
Russ Ramsey, Chairman and CEO, Ramsey Asset Management
Bobby Turner, Chairman and CEO, Canyon Capital Realty Advisors; Partner, Canyon Partners, LLC
8:30 am - 9:45 am
Alzheimer's disease and dementia is a global crisis that requires a global solution. It is estimated that 36 million people worldwide suffer from dementia today, a number that is likely to spike to 115 million by 2050. According to Alzheimer's Disease International, the current global cost of care exceeds $600 billion annually. Yet this seminal public health issue promises even more profound fiscal and social impact in the future. But how do we get to meaningful solutions? What partnerships, research investments, business models and policy changes must be put in place? Panelists from diverse backgrounds will share insights about grappling with the realities of Alzheimer's for patients, caregivers, the health care system and economic productivity.
Moderator
Cecilia Arradaza, Director, Communications and Policy, FasterCures
Speakers
Neil de Crescenzo, Senior Vice President and General Manager of Health Sciences, Oracle
Robert Hormats, Under Secretary, Economic Growth, Energy, and the Environment, U.S. Department of State
Sue Siegel, CEO, healthymagination, GE
George Vradenburg, Chairman, USAgainstAlzheimer's
Anne Whitaker, President, North America Pharmaceuticals, Sanofi
8:30 am - 9:45 am
In recent years, India's economic growth has been disappointing, hurt by infrastructure shortages, corruption and bureaucratic barriers. Multinational companies considering direct investment have been stymied by shifting government approval policies. Yet India, a stable democracy for 25 years, claims a wealth of promising attributes. It has a youthful population that yields the world's largest number of college graduates each year, and it continues to raise its profile in the global economy. Which face of India will dominate in the coming years? Is growth likely to quicken soon? The experts assembled for this event will help investors and others navigate India's complex economic landscape.
Moderator
Komal Sri-Kumar, Senior Fellow, Milken Institute; President, Sri-Kumar Global Strategies, Inc.
Speakers
Sam Gupta, CEO and Chief Investment Officer, Grand Trunk Capital Management, LP
Nandita Agarwal Parker, Founder and Managing Partner, Karma Capital Management LLC
Sanjay Patel, Managing Partner, Head of International Private Equity, Apollo Management International LLP
Rashesh Shah, Chairman and CEO, Edelweiss Group
Man Jit Singh, CEO, Multi Screen Media Pvt. Ltd.
8:30 am - 9:45 am
8:30 am - 9:45 am
If business, jobs and capital are absent, a community can't thrive. If communities can't thrive, what will fuel a vigorous and sustained national economic recovery? This panel, populated by experts in channeling capital into the the grass roots, will discuss alternative models for financing community development. Nonprofit, profit-for-purpose, and entrepreneurial approaches will be applied, with the aim of reaching many people who would otherwise be left behind. Focusing on financial products and programs that raise neighborhood prosperity, we'll draw from initiatives by the White House, the Ford Foundation, the Rockefeller Foundation, the Gates Foundation and other investors.
Moderator
Glenn Yago, Senior Director, Israel Center; Senior Research Fellow; and Founder, Financial Innovations Labs, Milken Institute
Speakers
Tina Castro, Director, Impact Investing, The California Endowment
Sean Greene, Former Associate Administrator for Investment and Innovation, Small Business Administration
Mari Kuraishi, Co-Founder and President, GlobalGiving Foundation
Paul Pryde, Principal, Capital Access Group
Robert Rosen, Director, Executive Office and Philanthropic Partnerships, Bill & Melinda Gates Foundation
10:00 am - 11:00 am
Thanks to the amazing scientific breakthroughs of the past century, average life expectancy on the planet has more than doubled. In the last 25 years alone, the overall death rate for cancer in the United States has declined 20 percent - averting 1.2 million deaths. We've developed vaccines to prevent tuberculosis, hepatitis, polio and, possibly soon, HIV. Advances in stem-cell therapy have enabled us to literally rebuild body parts, and the science now exists to convert our cell phones into microscopes. What wonders are currently being cooked up in R&D labs? Join us for sneak previews that are sure to leave you buzzing.

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Moderator
Margaret Anderson, Executive Director, FasterCures
Speakers
Jack Andraka, Student Inventor, Scientist and Cancer Researcher; 2012 Intel Science Fair Grand Prize Winner
David Baltimore, Nobel Laureate, Medicine, 1975; Robert Andrews Millikan Professor of Biology, California Institute of Technology
Francis Collins, Director, National Institutes of Health
Tejal Desai, Professor, Bioengineering and Therapeutic Sciences, University of California, San Francisco
Aydogan Ozcan, Associate Professor of Electrical Engineering and Bioengineering, University of California, Los Angeles
10:00 am - 11:00 am
Salaries, viewership, team value - records are being broken in sports, and we're not talking about player stats. It largely comes down to the spellbound TV watcher who can't get enough. This has led to incredibly lucrative broadcast deals - adding millions of dollars to teams' bottom line and ever-more programming for the insatiable fans. Can the pie continue to expand and the numbers continue to rise? What about the experience of those who go to games? How are owners keeping up? What are the challenges and opportunities for those in the sports business today? Our panel of stars will discuss valuations, how teams and players are marketed and opportunities on a global scale.

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Moderator
Jim Gray, Sportscaster, Showtime, Fox News and Dial Global Radio
Speakers
Todd Boehly, President, Guggenheim Partners
Jimmy Connors, Tennis Champion
Wayne Gretzky, Former Player and Head Coach, NHL; Member, Hockey Hall of Fame
Joseph Ravitch, Partner, Raine Group, LLC
Melinda Witmer, Executive Vice President and Chief Video and Content Officer, Time Warner Cable
10:00 am - 11:00 am
The return expectations of traditional asset classes -- cash nearing zero, bonds mired in historically low yields, equities defying gravity -- are creating a frustrating environment, so where will investors turn? Are they working up an appetite for risk? What new and perhaps yet-to-be-discovered alternatives will come to the fore? On the other hand, will synthetic instruments and the enormous migration of capital into private equity and away from public markets spark a round of innovation backlash? How will the capital markets direct the flows of money in motion toward the "next big thing"? This panel will explore Wall Street's penchant for invention when it comes to securitizing assets.
Moderator
Cristina Alesci, Private Equity and Deal Reporter, Bloomberg TV
Speakers
Mark Attanasio, Co-Founder and Managing Partner, Crescent Capital Group LP; Chairman and Principal Owner, Milwaukee Brewers Baseball Club
Colleen Campbell, Vice Chair, Investment and Corporate Banking, BMO Capital Markets
Lowell Kraff , Executive Chairman and Co-Founder, Trivergance, LLC
Soren Reynertson, Managing General Partner, GLC Advisors & Co.
Justin Slatky, Senior Portfolio Manager, Shenkman Capital Management
10:00 am - 11:00 am
China's post-Mao history has been marked by sea changes in economic policy. In 1979, a modernization and reform agenda paved the way for growth over political ideology. The leadership deepened and broadened the market economy in 1992, facilitating its integration into the world system. Today, China is embarking on a more complex development path, requiring hard decisions to sustain its growth and stability over the long term. Things may change again, not only in the economy but in the political and human development spheres. What can be expected from the new coterie at the top? Our panel will pinpoint these critical issues and assess the likely pace of reform - or whether the status quo will endure. Which way Beijing?
Moderator
Mei Fong, Director, Asia Global Programs, and Adjunct Professor, University of Southern California Annenberg School
Speakers
Evan Feigenbaum, Vice Chairman, The Paulson Institute
Robert Hormats, Under Secretary, Economic Growth, Energy, and the Environment, U.S. Department of State
James McGregor, Senior Counselor, APCO Worldwide
Perry Wong, Director of Research, Milken Institute
10:00 am - 11:00 am
A robust corporate social responsibility strategy is a cornerstone of business excellence and competitive outperformance. Studies show that a strong CSR culture enables a company to attract and retain talented professionals, who tend to be more satisfied, loyal and engaged. Members of the up-and-coming Millennial generation in particular care about environmental and social issues. Employees of all ages, though, not only want their company to "do the right thing," but they want to be personally involved in the effort. How have companies developed standout CSR programs and how have their workforces responded? Does CSR influence customer decisions as well? Leading voices in the field will discuss the benefits of social commitment for the company and the outside world.
Moderator
Jared Carney, CEO, Lightdale, LLC
Speakers
Kellie McElhaney, John C. Whitehead Faculty Fellow in Corporate Responsibility and Faculty Director, Center for Responsible Business, Haas School of Business, University of California, Berkeley
Christine McGrath, Vice President External Affairs, Mondelez International
Lata Reddy, Vice President, Corporate Social Responsibility, Prudential Financial Inc.; President, The Prudential Foundation
Joe Torre, Executive Vice President, Major League Baseball
10:00 am - 11:00 am
The scarcity that Israel once faced in food, water, energy, and health now plagues many countries around the world. Before the century is out, the planet's population will cross the 10-billion mark. How will resources be allocated to sustain humanity without denying billions an acceptable standard of living or ravaging the environment? In each of these core problems, Israel has pioneered breakthrough technologies that lower prices, increase productivity and transform markets. In short, they create abundance from scarcity. Were these innovations to be globalized, they would hold great promise for developing nations in the areas of water management, reforestation, renewable energy and health services, among others. How can sufficient capital be deployed for commercialization? What type of partnerships can diffuse these innovations fast enough to make a difference? This panel will examine the challenges and solutions for a range of applications.
Moderator
Eugene Kandel, Head of the National Economic Council, Israeli Prime Minister's Office
Speakers
Yosef Abramowitz, President, Arava Power Company; CEO, Energiya Global Capital
Mark Kahn, Partner, Omnivore Partners
Andrew Neff, Director, Israel Finance Institute
Amir Peleg, Founder and CEO, TaKaDu Ltd.; Chairman, SWAN-Smart Water Networks Forum
Eyal Rosner, Chairman and Director of Administration, Alternative Fuels Initiative, Israeli Prime Minister's Office
10:00 am - 11:00 am
Research and experience show that the teacher is by far the most powerful school factor in student achievement. Yet most are judged on the basis of several observations a year at best, without consideration of students' results or parent/student opinion of their work. Few experts believe that this traditional, process-focused approach aids smart decision-making on retention, promotion and tenure, or improves teaching and student achievement. Meanwhile, the federal government grants $2 billion annually for professional development programs that have nothing to do with teacher evaluation. Our panel will discuss the most effective evaluation models and how proven programs can be widely adopted. Should student performance be linked to promotion, tenure and higher pay? Can evaluation systems propel teacher development and energize educator learning communities? Will the new Common Core Standards and Assessments make the situation better or worse?

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Moderator
Thomas Boysen, Adjunct Professor of Educational Leadership, University of Southern California
Speakers
Yvonne Chan, Principal, Vaughn Next Century Learning Center; former Member, California State Board of Education
Jason Culbertson, Chief Learning Officer and Executive Vice President, National Institute for Excellence in Teaching
Warren Fletcher, President, United Teachers Los Angeles
Patrice Pujol, Superintendent, Ascension Parish Schools, Gonzales, Louisiana
10:00 am - 11:00 am
Moderator
Richard Ditizio, Executive Director, Business and Program Development, Milken Institute
Speakers
John Thune, U.S. Senator
Mark Warner, U.S. Senator
10:00 am - 11:00 am
Moderators
Paul Irving, President, Milken Institute
Joel Kurtzman, Senior Fellow and Executive Director, Milken Institute Senior Fellows Program; Publisher, Milken Institute Review
10:00 am - 11:00 am
Saudi Arabia is the linchpin of the world energy system, the swing producer that steadies the supply-demand balance and cushions price volatility. In an analogous way, its ruling monarchy is often seen as a bulwark of political stability as much of the Mideast convulses. Yet the desert kingdom is also the nucleus of extreme Islam and virtually owned by a superrich, dictatorial dynasty that subjugates women. The nation's pivotal role - and the future of the oil economy - will be considered by former Wall Street Journal Publisher Karen Elliott House, author of "On Saudi Arabia," a new book about Saudi society and politics, and famed energy investor T. Boone Pickens. Should we expect a sea change or more of the same when the royal family passes the throne to a younger generation? Will dissent rise among the youthful populace along with Internet use? Pickens has long urged the U.S. to replace Saudi oil with natural gas. What's the status of his campaign?

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Speakers
Karen Elliott House, Former Publisher, The Wall Street Journal; Author, "On Saudi Arabia"
T. Boone Pickens, Entrepreneur and Philanthropist; Founder, BP Capital
11:15 am - 12:15 pm
Led by historian Niall Ferguson, leading macro-investors explain how historical knowledge fits into their decision-making process. Can history provide actionable insights into the behavior of sovereign debt, equity or commodity markets? Can investors who are judged by their quarterly or even monthly performance profit by looking back to past centuries?
Moderator
Niall Ferguson, Laurence A. Tisch Professor of History, Harvard University; Senior Fellow, Hoover Institution
Speakers
Daniel Arbess, Partner, Perella Weinberg Partners; Chief Investment Officer, PWP Xerion Funds
Ben Funnell, Asset Manager, GLG Partners
Mitchell Julis, Co-Chairman and Co-CEO, Canyon Partners, LLC
Peter Thiel, Partner, Founders Fund
11:15 am - 12:15 pm
Improvements in health that have given us longer, more productive lives are also responsible for as much as half of the world economy's expansion over the last two centuries. The savings that come with earlier detection and prevention of disease, more effective therapies and diagnostics and more efficient delivery of care pay large social and economic dividends. This panel will explore innovations in public health, research and medical care that are improving our productivity and economic outlook as well as our vitality. Among the topics our experts will address: reducing the time and cost of developing treatments, increasing transparency in the quality and price of health services and making best use of big data and new technology to improve decision-making.
Moderator
Ceci Connolly, Managing Director, Health Research Institute, PricewaterhouseCoopers
Speakers
Thomas Frieden, Director, U.S. Centers for Disease Control and Prevention
Jonathan Gluck, Senior Executive, Heritage Provider Network, Inc.
Carole Roan Gresenz, Jacobs Professor, Department of Health Systems Administration, Georgetown University; Adjunct Senior Economist, RAND Corp.
Michael Harsh, Vice President and Chief Technology Officer, GE Healthcare
Peter Margolis, Professor of Pediatrics, University of Cincinnati School of Medicine; Director of Research, James M. Anderson Center for Health Systems Excellence, Cincinnati Children's Hospital Medical Center
11:15 am - 12:15 pm
Seismic demographic shifts have shaped global events over the past decade and had profound influence on capital flows. How did those forces figure into the financial crisis, and how are they impacting the recovery? In the U.S., the population is aging and profits, productivity and social insurance payments are up, but wages are stagnant. Are these trends embedded in sliding PE ratios? Market economies have become a virtual global monopoly, yet emerging nations are taking a bigger piece of the pie, and they've got the momentum in building productive infrastructure. What about energy costs and trade balances? How are policymakers going to respond in their effort to manage events? Our panel will divine what all this, and more, means for the global investment outlook.
Moderator
Alan Schwartz, Executive Chairman, Guggenheim Partners
Speakers
Anand Desai, Partner and Senior Managing Director, Eton Park Capital Management
Alexander Klabin, Managing Partner and Co-Chief Investment Officer, Senator Investment Group
David Malpass, President, Encima Global
11:15 am - 12:15 pm
The U.S. Senate, famed as a men's club, now has more women members than ever before - but still only 20 percent. At one time, a female Fortune 500 CEO was unheard of. At 4 percent, their status has progressed to rare. Yet the majority of voters are female - 54 percent in 2012 - as are holders of college degrees, so can the maldistribution of political and economic power be justified any longer? Many argue that part of the problem lies in a media culture that ignores women or presents disparaging and unrealistic female images as it models the world for our children. This panel will consider the prospects for true equality as our young century unfolds. With women now on the front lines, what is the next glass ceiling to be shattered? Join a conversation with change agents about pushing limits and working toward gender parity.

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Moderator
Willow Bay, Special Correspondent, Bloomberg Television; Senior Editor, Huffington Post
Speakers
Molly Ashby, Founder and CEO, Solera Capital
Geena Davis, Academy Award-Winning Actor; Founder, Geena Davis Institute on Gender in Media
Deborah DeHaas, Vice Chairman and Chief Inclusion Officer, Deloitte LLP
Manju Ganeriwala, State Treasurer, Commonwealth of Virginia
Ann McElaney-Johnson, President, Mount St. Mary's College
11:15 am - 11:45 am
11:15 am - 12:15 pm
Government subsidies and falling prices have led to tremendous growth in renewables, particularly wind and solar, over the last decade. However, with overcapacity in manufacturing and governments now cutting back support, there have been many bankruptcies and remaining manufacturers are still struggling with profitability. Will the industry further consolidate to curb excess supply? Which areas of demand will continue to grow in a lower subsidy environment? Are there any bright spots emerging in renewables manufacturing? Will the United States, China and the European Union resolve their trade disputes in renewables?
Moderator
Joel Kurtzman, Senior Fellow and Executive Director, Milken Institute Senior Fellows Program; Publisher, Milken Institute Review
Speakers
Stephen Gatto, CEO, Myriant Corporation
Arno Harris, CEO and Chairman, Recurrent Energy; Chairman, Solar Energy Industries Association
Peter Rothstein, President, New England Clean Energy Council
Eric Spiegel, CEO, Siemens USA
Howard Wenger, President, Regions, SunPower
11:15 am - 12:15 pm
California's position as a global leader in innovation derives from not only the ideas generated by the people who live and work in the state, but its partnerships with global innovators based in Europe, Asia and elsewhere. Numerous international firms have located large-scale research and development operations in the state or acquired companies that do so, in fields ranging from pharmaceuticals and vehicles to cell phones and software. What advantages have led companies and inventive individuals to collaborate with California? What advantages can California firms boast when collaborating overseas? What can be done to extend these strengths, and what does the state still need to work on?
Moderator
Kevin Klowden, Director, California Center, and Managing Economist, Milken Institute
Speakers
Darren Jamison, President and CEO, Capstone Turbine
Joe Kiani, CEO and Chairman, Masimo
Gavin Newsom, Lt. Governor, State of California
Peter Platzer, CEO, NanoSatisfi
Kim Polese, Chairman, ClearStreet, Inc.
11:15 am - 12:15 pm
New national leadership in Mexico, and renewed national leadership in the United States, create the conditions for redefining the two countries' relationship. In recent months, the headlines about drug violence and corruption have been superseded by a narrative about the thriving Mexican economy, the "Aztec Tiger." Current political trends in the U.S. have raised expectations of progress on the issues of migration and cross-border security. Amid this opening, our panel will focus on the economic alliance between the U.S. and Mexico, with a special emphasis on the energy and financial sectors. What kinds of business collaborations and financial initiatives can promote further prosperity in both countries, which already trade $1.5 billion in goods each day?
Moderator
Leon Krauze, Anchor, Univision KMEX, Los Angeles
Speakers
John Feeley, Principal Deputy Assistant Secretary, Bureau of Western Hemisphere Affairs, U.S. Department of State
Arturo Sarukhan, Chairman, Global Solutions/A Podesta Company; former Mexican Ambassador to the U.S.
Jorge Suarez-Velez, Founding Partner, SP Capital
Duncan Wood, Director, Mexico Institute, Woodrow Wilson International Center for Scholars
11:15 am - 12:15 pm
Will the 21st century be the Asian century? With its varied cultures and emphasis on education, self-reliance and upward mobility, Asia may overtake the West as the world's economic engine. Japan is already a leading advanced economy, while Singapore is a regional supercenter for trade, global banking and R&D. Neighboring Malaysia is transforming its industrial structure and climbing the technology ladder. China, Taiwan and South Korea are innovating beyond expert manufacturing. India has strong capital markets and education, though it has work to do on infrastructure. Even Myanmar, in the midst of a political opening, offers raw materials, youthful demographics and access to the Indian Ocean. This panel looks at the region's economic potential, its swelling middle class and the consequences of its rising prosperity.

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Moderator
Ray Kwong, President, SIG Asia; Senior Advisor, US-China Institute, University of Southern California
Speakers
Curtis S. Chin, Senior Fellow and Executive-in-Residence, Asian Institute of Technology; former U.S. Ambassador to the Asian Development Bank
Timothy Dattels, Senior Partner, TPG Capital
Yoshito Hori, President and Dean, Globis University; Managing Partner, Globis Capital Partners
Sunny Verghese, Group Managing Director and CEO, Olam International Ltd.
11:15 am - 12:15 pm
The proportion of households with a cable or satellite television subscription is declining for the first time. About 3 million Americans have already cancelled their service, including more than half a million in the last few months. These "cord-cutters" are joined by a new group -- the "cord-nevers." A full 83% of new households choose to live without pay TV, contributing to the apparent collapse of the cable/satellite industry's financial model. Yet most of these households are still avid entertainment consumers. How is the new content being delivered, and are these systems economically viable? This panel will discuss the new frontier of entertainment as consumers take control of how they receive their content and decide what wins at home.

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Moderator
Andrew Morse, Head, Bloomberg Television U.S.
Speakers
Doug Barry, Managing Director, Selby Ventures
Ryan Kavanaugh, Founder and CEO, Relativity Media
Tom Rogers, CEO, TiVo
Michael White, President, Chairman and CEO, DirecTV
11:15 am - 12:15 pm
TRAIN, The Research Acceleration and Innovation Network of FasterCures, has worked for the past decade to speed medical advances by connecting more than 50 disease-specific organizations and sharing their best practices. This is lifting barriers to progress in a system where it takes an average of 15 years to translate laboratory breakthroughs into therapies - an eternity to patients with life-threatening diseases and to their families. Disease organizations represent a small fraction of overall medical research spending but play an outsize role in fostering innovative R&D models and supporting high-risk/high-reward research often abandoned by government and industry. Join FasterCures Executive Director Margaret Anderson and TRAIN members as they discuss the enormous power patients have when they work together to accelerate and transform medical research.
Moderator
Margaret Anderson, Executive Director, FasterCures
Speakers
Debra Black, Co-Founder and Chair, Melanoma Research Alliance
Louis DeGennaro, Executive Vice President and Chief Mission Officer, Leukemia & Lymphoma Society
Gordon Gund, Co-Founder and Chairman, Foundation Fighting Blindness
Jonathan Simons, President and CEO, Prostate Cancer Foundation; Senior Fellow, Milken Institute
John Walsh, Co-Founder, President and CEO, Alpha-1 Foundation
12:30 pm - 2:30 pm
Reasonable people disagree about the specifics of reforming America's complicated system of health care and insurance, but there's no doubt that the best way to cut costs is to prevent people from getting sick in the first place, or to cure them when they fall ill. In an aging nation, nothing would have a greater impact on the federal budget. Bioscience has produced an estimated half of all economic growth for a century by increasing productivity and creating jobs while preventing disease and extending lives. But the best is yet to come: We're at the dawn of a scientific revolution that will reduce care costs and serve as the top driver of economic growth - all while saving, lengthening and improving the quality of lives across the planet. A group of U.S. health leaders joins Institute Chairman Mike Milken for a discussion of the future.
Moderator
Michael Milken, Chairman, Milken Institute
Speakers
Nancy Brown, CEO, American Heart Association
Francis Collins, Director, National Institutes of Health
Thomas Frieden, Director, U.S. Centers for Disease Control and Prevention
Andrew von Eschenbach, President, Samaritan Health Initiatives Inc.; former Commissioner, U.S. Food and Drug Administration; former Director, National Cancer Institute
2:45 pm - 3:45 pm
When an investor tells you, "This time is different," says Howard Marks, take caution. "These four words should strike fear - and perhaps suggest an opportunity for profit - for anyone who understands the past and knows it repeats." Indeed, Marks warns that failing to heed the lessons of history "is what dooms investors to being victimized repeatedly by cycles of boom and bust." Such straightforward advice, compiled in his book "The Most Important Thing," as well as his prescient investing have made Marks an industry legend. Join Institute Chairman Mike Milken (who also often notes that history repeats itself) as he welcomes Marks for a discussion on the current economic climate, ways to think about and gauge risk, the crucial importance of research and analysis, and lessons learned over the course of a long and successful investing career.

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Interviewer
Michael Milken, Chairman, Milken Institute
Speaker
Howard Marks, Chairman, Oaktree Capital Management
2:45 pm - 3:45 pm
We hear daily about the burden of entitlements, the inadequacy of pensions, the rising costs of health care and the challenges of disease. These realities are daunting, to be sure, but they mask another perspective. The aging of our population - the demographic wave - is about much more than bad news. This seismic shift will change health care, jobs, education, housing, transportation, technology, travel, consumer products and entertainment. It will create new stages of life and new expectations for our mature years. Tackling these burdens and realizing these opportunities will require insight and innovation in both the public and private sectors. An emerging longevity market will reveal opportunities for business leaders and investors to capitalize and achieve breakthrough results. In this session, a group of visionary thinkers describe the issues and the possibilities in the years to come.
Moderator
Jody Holtzman, Senior Vice President, Thought Leadership, AARP
Speakers
Pinchas Cohen, Dean, University of Southern California Davis School of Gerontology
Michael Hodin, Executive Director, Global Coalition on Aging
Dan Houston, President, Retirement, Insurance and Financial Services, Principal Financial Group
Paul Irving, President, Milken Institute
2:45 pm - 3:45 pm
Two years ago, the front-page scenes from the Arab world illustrated aspirations for democracy and collective dignity. Now they are filled with turmoil and violence. Islam has claimed vast political terrain and jihadist extremism has emerged as a potent force in Syria and elsewhere, making would-be Western allies hesitant to support change. All the while, economies in the region continue to deteriorate amid the instability. Can the passions driving politics be channeled into dialogue and peaceful transition? Will women's rights be respected and their roles elevated, or will new theocracies dash hopes for equality? Will the Saudi monarchy, a linchpin in the geopolitics of energy and a close U.S. ally, emerge unscathed when it's all over? The experts on this panel will examine the clashing forces and potential outcomes in a region in which we all have a stake.

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Moderator
Karen Elliott House, Former Publisher, The Wall Street Journal; Author, "On Saudi Arabia"
Speakers
Ayaan Hirsi Ali, Fellow, Belfer Center for the Future of Diplomacy, Harvard Kennedy School; Founder, AHA Foundation
Darin Johnson, Chief of Staff, Office of Middle East Transitions, U.S. Department of State
Ahmed Maher, Founder and General Coordinator, Egypt's April 6 Youth Movement
William McCants, Research Scientist, Strategic Studies, Center for Naval Analyses
2:45 pm - 3:45 pm
How can Israel advance from startup nation to scale-up nation? Finance could hold the key. The creation and commercialization of disruptive technology is the Israeli economy's hallmark and a core contributor to its growth. However, tech companies face a shortage of both late-stage and public market funding and often find themselves prey to foreign multinationals. Consequently, Israel can claim only a minor position in the global technology value chain. How can Israeli capital markets become an active partner in the launch of new technologies? How can they provide local and foreign investors access to innovation without the companies being forced into premature IPOs or mergers? Our panel will discuss the elements of a new corporate and public finance model for Israel and consider what lessons can be adopted beyond its borders and what it can learn from abroad.
Moderator
Roger Stein, Managing Director, Research and Academic Relations, Moody's Corporation; Research Affiliate, Massachusetts Institute of Technology
IntroductionBy
Yuval Steinitz, Minister of International Relations, Intelligence and Strategic Affairs, Israel
Speakers
David Gershon, Chairman and CEO, Superderivatives
Shmuel Hauser, Chairman, Israel Securities Authority
Anath Levin, Head, Financial Markets Division, and Member, Board of Management, Bank Hapoalim
Oded Sarig, Commissioner of Capital Markets, Insurance and Savings, Ministry of Finance, Israel
2:45 pm - 3:45 pm
Research in bioscience has been transformed in the last decade, becoming tightly linked to other fields ranging from chemistry, engineering and bioengineering to physics, nanoscience and applied sciences. The intersection of these core disciplines is leading to discoveries that have global impact. Universities are increasingly creating partnerships among these diverse areas to accelerate medical science and change how we think about treating complex health issues in the 21st century. Our panel of leaders in research will examine how these connections are being made and their salutary results.
Moderator
Stephen Mayo, William K. Bowes Jr. Foundation Chair, Division of Biology, and Bren Professor of Biology and Chemistry, California Institute of Technology
Speakers
David Baltimore, Nobel Laureate, Medicine, 1975; Robert Andrews Millikan Professor of Biology, California Institute of Technology
Joel Burdick, Professor of Mechanical Engineering and Professor of Bioengineering, California Institute of Technology
James Economou, Vice Chancellor for Research, University of California, Los Angeles
Michael Quick, Executive Vice Provost and Professor of Biological Sciences, University of Southern California
Owen Witte, Director, Broad Stem Cell Research Center, University of California, Los Angeles; Distinguished Professor of Microbiology, Immunology & Molecular Genetics, University of California, Los Angeles
4:00 pm - 5:15 pm
Africa is home to six of the 10 fastest-growing economies, driven largely by surging foreign investment flows. FDI is expected to reach $150 billion in 2015 - double the amount received last year and six times more than in 2000. Africa is also home to the world's largest concentration of impoverished people, and the considerable gap between rich and poor continues to widen. For Africa's natural resource sector - target of 90 percent of foreign investment - to spread prosperity, reduce inequality and underwrite gains in human development, a new, collaborative approach to investment is essential. There are important roles for a range of players: investors, corporations, governments, development agencies, NGOs and foundations. This panel of global leaders will discuss innovative and untraditional ways to expand health care, build institutions and broaden the economic base on the continent.

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Moderator
Michael Milken, Chairman, Milken Institute
Speakers
Tony Blair, Former Prime Minister, Great Britain and Northern Ireland
Bill Gates, Co-Chair and Trustee, Bill & Melinda Gates Foundation
H.E. Paul Kagame, President of the Republic of Rwanda
Strive Masiyiwa, Chairman and Founder, Econet Wireless
Rhonda Zygocki, Executive Vice President, Policy and Planning, Chevron
5:30 pm - 6:30 pm