Los Angeles Times

Reform capitalism or face revolution, billionaires are told at Milken Conference

BEVERLY HILLS, Calif. - The atmosphere of incongruity that pervaded this week's annual Milken Institute Global Conference was practically palpable.

The gathering of billionaires, hedge fund managers and other financial industry professionals who converged on the Beverly Hilton hotel largely had a particular end in mind: how to increase their alpha, which, not to get too complicated, means improving their investment returns.

But while the 5,000 attendees could go to sessions on the state of capital markets, listen to the chairwoman of the International Monetary Fund and

You're reading a preview, sign up to read more.

More from Los Angeles Times

Los Angeles Times3 min read
Movie Review: Roddy Doyle's 'Rosie' Is A Heartbreaking Tale Of An Irish Family's Resilience
Other films have bigger budgets and more glamorous stars, some even take home more awards. But few if any can quietly move you as much as "Rosie." A very fine socially conscious drama in the classic Irish tradition, "Rosie" tells a sobering tale that
Los Angeles Times4 min readPolitics
Hollywood's Preferred 2020 Democrat? Many, For Now
When former DreamWorks Animation chief Jeffrey Katzenberg agreed to co-host a high-wattage Hollywood fundraiser this week for Joe Biden's presidential bid, people may have assumed the former vice president was his pick for 2020. Hollywood's key fundr
Los Angeles Times6 min readPolitics
Consumer Confidential: Why Is Trump's Consumer Protection Agency Helping To Promote H&R Block's Credit Card?
The process by which government regulators getting cozy with the businesses they're supposed to regulate is a time-worn and familiar problem. There's even a name for it - "regulatory capture." But no government agency in our new gilded age seems to b