Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Mike Milken's solution for unemployment

Each day at TED, there are various hosted lunches, typically fairly quick affairs in which diners gather to listen to one particular topic or speaker or another. Today, I went to listen to Carl Schramm, President and CEO of the Ewing Marion Kauffman Foundation who was talking to legendary financier Mike Milken. The topic of the conversation: ??ntrepreneurial Philanthropy: Effecting Transformative Change.?Much was said of the state of philanthropy, in particular that too many wealthy, successful individuals check their entrepreneurial spirit at the door when it comes to doing good. But not surprisingly, the state of the U.S. economy came up front and center.

Here’s how Milken suggested the unemployment crisis could be solved. Easy, he said. “Bring entrepreneurs to America.” Current rules and regulations make it difficult to work in the States, but new standards could attract talent. How does that help? Prescribe that every immigrant coming to start a business employs ten people, spending at least $1 million on payroll. 300,000 immigrants = 3 million employed.

Schramm nodded his support. “Without young firms, there’ll be no recovery.”

What do you think?

blog comments powered by Disqus