From: "Milken Institute" <[email protected]>

From: "Milken Institute" <[email protected]> To: [email protected]> Subject: Milken Institute Monthly — August 2013 Date: Thu, 08 Aug 2013 22:25:13 +0000 Web Version I Mobile Version Milken Institute Newsletter EFTA00706735 Upcoming Events Modern-Day Magellan Forum: JPL Director Charles Elachi August 14 - Santa Monica Hungry and Obese: Food and America's Well-Being Forum September 10 - Santa Monica ;;;Milken Institute Summit - London Milken Institute Summit • London October 1 London ;t] By tnwlabon ony P4C Partnering for Cures November 3 - 5 New York SEC moves in the right direction with mass marketing of private offerings ;,The American Jobs Act When the SEC implemented a key section of the JOBS Act on July 11, the Milken Institute's Daniel Gorfine was a go-to source on the topic. Our director of financial markets policy wrote for Washington Monthly and Forbes and was interviewed by Euromoney and Fox Business News on the SEC allowing mass marketing of private security offerings, including via the Web and social media. "The SEC action will change the way some companies and funds interact with and raise money from investors," Gorfine says, and could mean the SEC is more likely to embrace other technologies that directly connect companies and investors (see Chart of the Matter below). Recent Articles and Op-Eds covcr2 cover3 [J.2 HuffPo: Science, cures and all the NYT: Further progress on Environmental issue brings stuff In between housing finance reconciliation Milken Institute Summit - California reform opportunity November 21 Los Angeles By "oration ony ; 11 Chart of the Matter ;lido Far years, private caprWl has outpaced public capital as a source of funds for business groin and development. Will the SEC's lifting the soliotaton ban increase the gap? Quick Links Milken Institute Research Events Blog MI Review Highlights from the Blog Credit rating agency reform: A dream deferred Since the Dodd-Frank Wall Street reform bill became law in 2010, government efforts to cure what ails the credit rating industry have completely stalled in some areas, while inching ahead in others. In recent months, the Department of Justice initiated a lawsuit against Standard & Poor's, accusing it of inflating its ratings and misleading investors, and the SEC convened a roundtable to contemplate the industry's future. Understanding Open Science The dream of getting to cures, faster, is one shared by many. But every new instrument we've invented to examine the human body has shown us only more complexity and interconnection. The failure of all of our new technologies to translate rapidly into drugs has demonstrated that we're the folks in the parking lot looking under the lamppost for our keys not because that's where they might be, but because that s where the light is. Time to take off the training wheels: An open letter to Ben Bernanke You were the toast of Wall Street as equities hit another all-time high. Immediately after your speech at the National Bureau of Economic Research the previous evening suggesting that the U.S. economy needed further monetary stimulus, Asian equities took off and the dollar plunged. U.S. equities followed upward from the opening bell on Thursday. EFTA00706736 A nonprofit. nonpartisan economic think tank. the Mikan Instate) believes h the power of finance to shape the future. The Milken Institute produces rigorous. Independent &wank research-and maximizes Its Impact by convening global leaders from the worlds of business finance, policy. academia, and philanthropy. By fostering collaboration between the putt and Orate sectors, we trimaronn great ideas Ow action. This message was sent to [email protected] from. Milken Institute 11250 Fouts Street I Santa Monica. CA 90401 Update Profile I Forward To a Friend EFTA00706737