Sep 30

Past Event

Private Capital, Public Impact

Event Materials

Video

Highlights

  • U.S. Needs Innovation Agenda Overhaul

    Senator Mark Warner (D-Va.): The nation''s innovation and growth agenda needs an overhaul to help America stay competitive, and early-stage capital can and should play an important role in economic growth.

  • Cautious Investors; Regulatory Reform

    Senator Mark Warner (D-Va.): Uncertainty surrounding regulations has made private and corporate investors cautious. Regulations are always cumulative; a regulatory pay-go approach would be an improvement.

  • Stimulus and TARP Prevent Worse Outcome

    Senator Mark Warner (D-Va.): Both President Obama''s stimulus plan and President Bush''s TARP program have been harshly criticized, but without them the economy would be exponentially worse.

  • Bush Tax Cuts

    Senator Mark Warner (D-Va.): Both sides of the political aisle are right about the Bush tax cuts, as we need to focus on the deficit but we also don''t want to take money out of the economy by raising taxes on anyone.

Audio

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Summary

As experts, policymakers, the business community and citizens grapple with assigning responsibility for the financial crisis, the private investment community remains a target for harsh criticism. On September 30, the Initiative on Business and Public Policy at Brookings (IBPP) hosted a forum on the role of private capital in revitalizing the economy both in the United States and abroad, featuring a keynote address by Senator Mark Warner (D-Va.).

On September 30, the Initiative on Business and Public Policy at Brookings (IBPP) hosted a forum on the role of private capital in revitalizing the economy both in the United States and abroad, featuring a keynote address by Senator Mark Warner (D-Va.).

The first panel explored the current opportunities and challenges in the industry, featuring the perspectives of investors, the emerging markets, labor unions and entrepreneurs. The second examined the critical position that private capital plays in the economy, as well as the current challenges that private investors face.

After each panel, speakers took questions from the audience.

Download Josh Lerner's Presentation Slides (PDF) »

Event Agenda

  • 9:00 AM -- Welcome

  • 9:05 AM -- Keynote Address

    • The Honorable Mark Warner (D-Va.)

      U.S. Senate

  • 9:30 AM -- Panel One: Opportunities and Challenges

    • Moderator: David Wessel

      Economics Editor, Wall Street Journal

    • Sarah Alexander

      Founding President and CEO, Emerging Private Equity Association

    • Damon Silvers

      Director of Policy, AFL-CIO

    • Den White

      Senior Counsel, McDermott, Will & Emery

      Former Chairman of the Board, Association for Corporate Growth

    • Mark Wiseman

      Executive Vice-President, Investments

      CPP Investment Board

  • 10:30 AM -- The Role of Private Capital Post-Financial Crisis

    • Presenter: Josh Lerner

      Jacob H. Schiff Professor of Investment Banking, Harvard University Business School

  • 11:00 AM -- Panel Two: Private Capital - Research for Impact

    • Moderator

      Portrait: Martin Baily

      Martin Neil Baily

      Senior Fellow, Economic Studies

      Bernard L. Schwartz Chair in Economic Policy Development

    • John Haltiwanger

      Professor of Economics, University of Maryland

    • Manju Puri

      J.B. Fuqua Professor of Finance, Duke University

    • Morten Sorensen

      Daniel W. Stanton Associate Professor of Business, Columbia University

Details

September 30, 2010

9:00 AM - 11:30 AM EDT

The Brookings Institution

Falk Auditorium

1775 Massachusetts Ave., NW

Map

For More Information

Brookings Office of Communications

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