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Korea Herald
2 days ago
- Business
- Korea Herald
12th Milken Institute Asia Summit To Be Held in Singapore, Spotlighting Progress with Purpose Amidst Global Uncertainty
Over 1,500 CEOs, policymakers, entrepreneurs, investors, and government leaders are expected to join the Institute's annual Asia Summit in October. SINGAPORE, July 22, 2025 /PRNewswire/ -- The Milken Institute announced today the return of its Asia Summit in Singapore, to take place October 1–3. The annual Summit will be held at the Four Seasons Hotel and is expected to welcome top leaders and senior executives across government, business, technology, and finance. Over three days of tailored programming, this year's agenda focuses squarely on the fragmented new world order and the rapidly intensifying global geopolitical tension, seeking optimism through gainful partnership and fostering purposeful, progressive collaboration. The theme of this year's Summit— Progress with Purpose: Collaboration Amid Complexity —accentuates the region's rapidly evolving landscape, marked by the backdrop of geopolitical fragmentation, the rise of unilateralism, and the sluggish global economic stagnation. Amid this tumult, with over 1,500 prominent leaders, experts, investors, and asset allocators in attendance, the Summit seeks to chart a course for purposeful progress and encourage collaboration through compelling panel discussions, fireside conversations, and private roundtables. Distinguished guests in attendance will be able to engage and interact with global leaders and luminaries through carefully curated networking sessions and private discussion dialogues. All public panel discussions will also be broadcast live on the Milken Institute's website, making the content accessible to audiences around the world. "In a world where geopolitical realignments and geoeconomic fragmentation are redefining the rules of engagement, Asia remains a dynamic force, both adapting to, and shaping the contours of global growth. The region's strategic relevance is no longer just about scale, but about its agility in navigating complexity, from reconfiguring supply chains to leading in digital innovation and capital formation." said Laura Deal Lacey, Executive Vice President of International at the Milken Institute. "As the world enters a new phase of globalization—less uniform, more regional, and increasingly multipolar—the 12th Milken Institute Asia Summit serves as a critical platform for connecting decision-makers who aren't just reacting to change but want to collaborate. Our ambition is to spark conversations and connections that lead to long-term investment, innovation, solve regional challenges and drive shared prosperity." Since establishing its Asia headquarters in Singapore in 2014, the Milken Institute has made significant commitments to the region. The Institute's engagements in Asia included the launch of its Global Dinner Dialogues in South Korea, two editions of the Global Investors' Symposium in Hong Kong, and the publication of research reports, whitepapers, and its Financial Innovations Lab that focused on bridging financial, health, and technological gaps in Asia. Most recently, the Institute inked a Memorandum of Understanding with the Singapore Tourism Board to anchor the Asia Summit in Singapore from 2026 to 2028. "The Asia Summit is the annual gathering in Singapore where delegates and panelists interact to discuss policy and politics that impact major investment decision," said Robin Hu, Asia Chair at the Milken Institute. "ASEAN states are pursuing strategic ambiguity with remarkable discipline. While economic interdependence between China and ASEAN remains robust, the region is also central to U.S. Indo-Pacific strategy. The result is a dynamic contest for influence, where local actors have become highly adept at managing external pressures." For information about the 12th Milken Institute Asia Summit, please visit For sponsorships, partnership engagements, and program collaborations, please email asia@ For media inquiries or to apply for press credentials at the event, please reach out to Yeen Chong at ychong@ About the Milken Institute The Milken Institute is a nonprofit, nonpartisan think tank focused on accelerating measurable progress on the path to a meaningful life. With a focus on financial, physical, mental, and environmental health, we bring together the best ideas and innovative resourcing to develop blueprints for tackling some of our most critical global issues through the lens of what's pressing now and what's coming next. For more information, visit About Milken Institute International Milken Institute International extends the reach and impact of Milken Institute programs, events, and research by focusing on the role that health, finance, and philanthropy play in addressing social and economic issues around the world. We leverage the Institute's global network to tackle regional challenges and integrate regional perspectives into developing solutions to persistent global challenges. For more information, visit
Yahoo
27-06-2025
- Lifestyle
- Yahoo
3 Florida cities make HGTV top 20 of best mid-sized cities in US. See which one came in at No. 1
If big-city living isn't your thing but a more rural lifestyle doesn't sound attractive either, you may be interested in HGTV's list of the best mid-sized cities in the United States. One Florida city, Tampa, came in at No. 1 on the list, with another in the top 10 at No. 3 and a third squeaking into the top 20. HGTV described mid-sized cities as those with a population between 100,000 and 500,000. Citing the U.S. Census Bureau and think tank Milken Institute, HGTV said "newcomers are flocking to these cities." Here are HGTV's 20 "favorite mid-size cities on the upswing that are worthy of your attention." The top-ranked mid-sized city in the U.S. on HGTV's list was Tampa, on Florida's west coast. Here's what HGTV had to say about Tampa: "Tampa has a population of nearly 400,000 and it's showing no signs of slowing down, continuing to attract visitors with easy access to theme parks, major league sports teams, contemporary museums and, of course, white sandy beaches on Florida's Gulf Coast. "Visitors flock to Tampa for Busch Gardens Tampa Bay and the Tampa Museum of Art, as well as the 2.6-mile Tampa Riverwalk that meanders alongside Hillsborough River." on singles living in Tampa: Salary needed to live comfortably: $92,708 Median household income: $71,302 Average monthly cost of living: $3,863 Separated from Tampa only by Henderson, Nevada, Port St. Lucie on Florida's east coast, was ranked No. 3 by HGTV. Here's what was said: "Port St. Lucie, a town of more than 200,000 residents, jumped in population size by 5% in one year. Of course, Clover Park is a fan favorite. It's the spring training home for the New York Mets. Not a baseball fan? Not a problem. There are plenty of outdoor draws for nature enthusiasts, like Port St. Lucie Botanical Gardens and Savannas Preserve State Park, which is a go-to for kayaking, biking and birdwatching. For beach access, head to Jensen Beach for quiet stretches of coastline and fantastic fishing." Three Florida cities made HGTV's list for the best 20 mid-sized cities in the United States, with two appearing in the top 10: Tampa, Florida Henderson, Nevada Port St. Lucie, Florida Overland Park, Kansas Fort Collins, Colorado Minneapolis, Minnesota Frisco, Texas Huntsville, Alabama Durham, North Carolina Boise, Idaho Chattanooga, Tennessee Modesto, California Lubbock, Texas Omaha, Nebraska Knoxville, Tennessee Kansas City, Missouri Colorado Springs, Colorado Madison, Wisconsin Salem, Oregon Tallahassee, Florida Tallahassee is growing, moving up in the ranks as a top mid-size city, appealing for a feel that is both urban and suburban. The state capital wows with its historic downtown, public art works and a vibrant nightlife scene, as well as public parks and green spaces This article originally appeared on Sarasota Herald-Tribune: HGTV lists Tampa as No. 1 mid-sized city in US
Los Angeles Times
21-06-2025
- Health
- Los Angeles Times
The monthly tab for her in-home elder care: $18,000. She can cover it, but how many others can?
Marian Sunabe drives from her home in South Pasadena to visit her 100-year-old mother in Gardena once a week or so, and I tagged along on a recent morning to talk about the crippling cost of elder care. Sunabe, a retired school psychologist, said her mother is independent-minded, loves the comfort of her own home and doesn't want to move in with Sunabe or her brother. For the last four years, Reiko Kobata has had a daytime caregiver. But lately, after taking a fall and getting sick with pneumonia, there are times when a nighttime caregiver has been added. The daytime tab, for a 13½-hour shift, is $320. The 11-hour nighttime shift costs just under $300, bringing the daily total to $620. That adds up to a staggering $18,600 a month. When the night shift caregiver isn't needed, the amount is about half that. 'Most folks would not be able to afford this. But there aren't many options other than admitting them to a board and care facility,' Sunabe had said in an email, and even that can run several thousand dollars a month. 'I've known people who have had to quit their job … to care for their aging parent. It can easily drain all of your savings and assets — not a good system.' In fact, it's a national crisis, and the United States lags behind many developed countries at a time when the global population is rapidly aging. 'Americans are not prepared for the challenges of caregiving,' Paul Irving, a senior advisor at the Milken Institute, says in 'Caregiving,' a new PBS documentary. Families ultimately learn, he says, that essential care is not covered by health insurance, 'so incredibly, more and more middle-class Americans are forced to pay down to poverty so that they can qualify for Medicaid. That's a crazy system for them and for our federal government.' And it might not be an option much longer, given the hatchet job on Medicaid by the Trump administration and Congress. As Sunabe and I drove south, I told her about my friend Morrie Markoff, who lived to 110. He was fortunate to have saved enough for in-home care that cost $14,000 a month. But he and Sunabe's mother are not the norm. I'd also written about 102-year-old World War II vet Paul Hult, who quickly burned through his life savings after taking a fall and needing in-home care. Sunabe had neatly penciled columns of numbers for me on a sheet of lined paper, outlining the math of her mother's care. Kobata was pooling Social Security, income from a rental property she and her late husband owned, pensions, long-term care insurance and retirement savings to cover the monthly $18,600 bill. Kobata pays an agency that provides, and in turn compensates, the caregiver. In such arrangements, agencies take as much as half the total. That can leave something close to minimum wage for the caregiver, making it hard to recruit more of them to an industry with a critical workforce shortage. As a result, many caregivers are undocumented and work off the books. That saves clients money, because there's no split with an agency. And a lot of caregivers get free room and board while on duty, but sacrifice their own privacy and time with family. Women from the Philippines — some with legal status, some without — make up a sizable portion of the workforce in California. As I've reported, some of them share barracks-style housing, and many are living in fear of deportation at the moment thanks to the Trump administration's immigration raids. So what we're witnessing is a colossal public policy failure, and it's not as if the age wave — cresting for decades — could have come as a surprise. The Public Policy Institute of California projects that in 2040, the number of Californians 65 and older will hit 9 million, representing 22% of the population, up from 14% in 2020. By necessity, more and more families will resort to an approach fairly common in immigrant cultures. They'll take care of their own, live together, do a lot of juggling and hope that when the need arises, they won't be bankrupted by medical care. Sunabe exited the 110 Freeway and drove through Gardena streets where she used to walk to school. As we approached the family home, she told me her mother still likes to personally write checks to pay her bills, but doesn't keep track of the total cost of her own care. 'Sometimes she'll ask, 'What is all this money going for?'' Sunabe said. Sunabe parked in the driveway of the house she grew up in. Her parents bought it about 65 years ago for $13,000, when Harold Kobata worked as a chemical engineer and his wife was a teacher's aide and school office assistant. Kobata entered the living room with the aid of a walker, but otherwise appeared to be in miraculously good health and even better spirits. Her grandson, who stays with his grandmother when he works as a sushi chef at a nearby restaurant, was leaving for his shift. Kobata settled onto a comfortable sofa against a wall of family photos. She told me she enjoys a morning walk through the neighborhood and likes to spread out the L.A. Times each day and read the whole paper, front to back. She tends to her garden, plays solitaire on her computer, follows the Dodgers and has a favorite player — Shohei Ohtani. I told Kobata she didn't look 100. 'How do you feel?' I asked. 'I don't know,' she said. 'How are you supposed to feel?' She thought about it and said she feels about 90. We had a lovely visit, going on two hours, but I didn't want to keep Kobata from her nap. On the ride back to South Pasadena, Sunabe said her mother's situation is sustainable for the time being, but she wonders about the broader societal challenge. 'If you've been in a house for a long time, so long that you don't want to move out of it because it's so comfortable and familiar, then you probably have a fortune in equity,' she said. 'And if you were to downsize or move into a more communal setting, you'd solve the isolation problem and the care problem by cashing out that equity.' That's an option for some people, along with unpaid help from relatives or friends, and a state program providing limited care for low-income and elderly residents. But there are no easy or inexpensive solutions, according to Irving and to UCLA professor emeritus Fernando Torres-Gil, who also appears in 'Caregiving' and says that when he's asked for advice on elder care, he has a two-word response: 'You're screwed.' In the middle of the last century, Torres-Gil said, the U.S. invested heavily in institutional care, enabling 'a huge for-profit industry to take hold.' Other countries instead invested in public financing of community-based and home-centered care, including Singapore, Japan, Taiwan and South Korea. 'We are behind the curve,' Irving said. 'We are the only developed country … without a system of universal health care, leading to high rates of chronic disease and shorter health spans and life expectancy … And the system — if you can call it a system — fails our elders. Assisted living communities and nursing homes are unaffordable for most Americans.' The only hope, ironically, may be the age wave itself. As more and more people wipe out, policymakers might discover the cost of ignoring their cries for help.
Irish Times
14-06-2025
- Business
- Irish Times
Trump's baby bonds could turn every child into an investor
The Trump Account proposal – baby bonds by any other name – is inching closer to reality. Buried in the US president's One Big Beautiful Bill , it would give every American newborn a $1,000 investment account, with contributions allowed up to $5,000 a year. When the child turns 18, the money can be used for education, a first home, or starting a business, with full access granted at age 31. Chief executives from Dell to Goldman Sachs met at the White House to back the plan, some pledging to match the initial deposit for employees' children. It's a modest start, but one with potential. Bespoke Investment Group notes if you invested $1,000 in the S&P 500 50 years ago, it would now be worth nearly $350,000. Even for those born just before the 1987 crash, the sum would have grown to $40,000 – and as Bespoke noted, 'there are a lot of 37-year-olds out there ... that wouldn't mind having $40k in an investment account right now'. READ MORE The Milken Institute estimates a typical $1,000 birth account would rise to $8,000 by age 20, $69,000 after 40 years, and could top $500,000 by retirement. Beyond wealth-building, the aim is to encourage long-term thinking, financial literacy and wider stock ownership, and to give low-income families a toehold in wealth creation. They contrast sharply with Ireland's ETF regime, where deemed disposal rules mean you pay 41 per cent tax on gains every eight years – even if you haven't sold. That stunts the very compounding these US proposals aim to harness. Ireland might learn from the US's plan: start small, think long.
Tom's Guide
08-06-2025
- Business
- Tom's Guide
OpenAI CEO Sam Altman says AI could replace interns — but there's still hope for Gen Z
Entry-level jobs as we know them could soon be a thing of the past. OpenAI CEO Sam Altman says AI can now effectively do the same work as junior-level employees, and its skillset is only expected to get even better in the coming months. He predicted that AI will eventually rival the skills of even an experienced engineer, all while being uniquely capable of operating continuously for days on end without breaks. 'Today [AI] is like an intern that can work for a couple of hours but at some point it'll be like an experienced software engineer that can work for a couple of days,' Altman told a panel this week alongside Snowflake CEO Sridhar Ramaswamy at Snowflake Summit 2025. Altman added that in the next year, we could see AI solving complex business problems autonomously. 'I would bet next year that in some limited cases, at least in some small ways, we start to see agents that can help us discover new knowledge, or can figure out solutions to business problems that are very non-trivial," he said. It's a bold prediction we've heard echoed by other tech CEOs like Nvidia's Jensen Huang, who warned that those who hesitate to embrace AI may find themselves at the unemployment office. 'You're not going to lose your job to an AI, but you're going to lose your job to someone who uses AI," he said at last month's Milken Institute conference. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. Generative AI stands poised to make entry-level jobs obsolete at a time when Generation Z is solidifying its place in the workforce, but that hasn't stopped Gen Z from embracing the technology. A recent Resume survey found that while one in 10 workers reported using ChatGPT regularly, Gen Z workers were twice as likely to use the tool. The same study found that the vast majority of workers at any age see ChatGPT as a helpful tool. But over half of Gen Z workers considered it the equivalent of another co-worker or assistant, compared to 40% of millennials and 35% of older generations. Altman has broken down the generational differences in AI usage before: '[It's a] gross oversimplification, but like older people use ChatGPT as a Google replacement. Maybe people in their twenties and thirties use it as like a life advisor, and then, like people in college use it as an operating system,' he said at Sequoia Capital's AI Ascent event in May. Even as Gen Z embraces AI, some tech leaders have been sounding the alarm bells about the economic fallout of an AI-driven job market. Anthropic CEO Dario Amodei recently told Axios that AI could wipe out half of all entry-level white collar jobs, causing unemployment to skyrocket by 10% to 20%. OpenAI owns ChatGPT, a revolutionary chatbot AI that, since its release in 2022, has quickly become one of the most advanced and widely used AI tools in the world. Powered by OpenAI's latest model, GPT-4o, ChatGPT can help you plan your weekend, write a term paper, or any number of other tasks. It supports everything from real-time speech interaction to multimodal content creation — and you can get many of its most powerful features for free. If you're curious, be sure to check out our guide on how to use ChatGPT, as well as these tips to get the most out of ChatGPT.
