At Conference of Elites, the Distress of Others Is an Investment Opportunity,---heartwarming piece.
I’M REASONABLY CERTAIN I was the only attendee arriving to the Milken Institute Global Conference by Los Angeles public bus.
The organizers recommended that, with parking at a premium around the Beverly Hilton, people use “limo, Uber, Lyft, or taxi,” in that order.
Heads of state hobnob with heads of business, and a few celebrities – Kobe Bryant, Tom Hanks –
are sprinkled in as well. But most attendees have the words “Capital Management” somewhere on their badges.
It’s where the financial elite get together to tell each other elite things, and nod sagely at the results.
Alan Krueger, President Obama’s former chair of the Council of Economic Advisers, cited a model example for this type of cooperation between business and government: fracking.
Paul Irving of the Milken Institute Center for the Future of Aging suggested that one way to solve the retirement crisis in America was changing the conversation “from retirement as an aspiration to lifelong work as an aspiration.” Others sputtered about over-regulation strangling the economy. At a “Jobs and Technology” panel, former Forbes Managing Editor Dennis Kneale insisted that we didn’t need to give any more benefits to the poor, because he read somewhere that they get $30,000 a year from the government already.
more here:
https://theintercept.com/2016/05/05/at-conference-of-elites-the-distress-of-others-is-an-investment-opportunity/
