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Milken Global Conference 2012: Live Updates From The 15th Annual Milken Global Conference

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Monday marks the first morning of the 15th annual Milken Conference, a four-day long event hosted by the Milken Institute at the Beverly Hilton Hotel. Thousands of top-tier entrepreneurs, journalists, investors, executives, philanthropists, forward-thinking academic experts, journalists, senior foreign and U.S. government officials, scientists and Nobel laureates congregate this week to discuss today's most pressing social, political and economic challenges.

Over 140 panels -- lead by the likes of the 42nd President of the United States Bill Clinton, calPERS CIO Joseph Dear, LAUSD Superintendent John Deasy, Governor Jerry Brown, NBA legend Magic Johnson, House Majority Leader Eric Cantor, state Controller John Chiang, Director of MOCA Jeffrey Deitch, former Mayor of Chicago Richard Daley, former Governor of California Gray Davis, to name a few -- will cover issues ranging from business, finance, policy, education, health, energy and philanthropy.

Read last year's coverage here and follow the Milken Global Conference live blog below:

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"It's a great disgrace to write the epitaph of this country," says Bill Clinton moments exits the stage and receives a standing ovation.

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"We've confused liberal and conservative with communitarian and separatist." -Bill Clinton

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@ jAlcornPhoto : Robert Evans and Sumner Redstone @Milken Global Conf. #2012gc http://t.co/8rV7k1Vw

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@ CherylKnopp : Bill Clinton at #2012GC "Every politician's first goal is to convince you that he grew up in a log cabin he built himself."

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"Each other of us had someone who helped us some way." - Bill Clinton

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"I do have a wife who has a travelling job," jokes President Bill Clinton at #2012GC.

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@ MilkenInstitute : Clinton: 3% budget restraint only works during times of growth #2012GC

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"I'm not here to defend the indefensible," says President Bill Clinton. "I know there are a lot of problems in a lot of places, but I also know you can't get blood out of a turnip."

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President Bill Clinton loves his books. First came his New York Times review of "The Passage of Power," by Robert Caro this morning. Now at Milken, he begins his address with a reference to "Being Wrong," by Kathryn Schulz.

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When in politics, President Bill Clinton spent time asking two major questions: What will you do? and How much money will you spend?

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"I love the time I spent in politics." - President Bill Clinton at #2012GC

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The last question has just been asked of the panelists, prior to the special address by President Bill Clinton.

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@ Willow_Bay : I'll be talking #HungerGames with @Lionsgate CEO Jon Feltheimer at 6:00 ET- don't miss it on @BloombergTV! #2012gc @milkeninstitute

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Timothy Leiweke (President and CEO, AEG) speaks with Bloomberg Special Correspondent and HuffPost Senior Editor Willow Bay:

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Currently attending: Europe at a Crossroads

Speakers: Jason Cummins (Chief U.S. Economist and Head of Research, Brevan Howard Inc.), Raymond McDaniel Jr. (Chairman and CEO, Moody's Corp.), Nouriel Roubini (Chairman and Co-Founder, Roubini Global Economics; Professor of Economics and International Business, Stern School of Business, New York University), Josef Stadler (Group Managing Director and Global Head of Ultra High Net Worth Business, UBS Wealth Management)

Moderator: Christopher Ailman (Chief Investment Officer, California State Teachers Retirement System: CalSTRS)

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@ MIGCInd : Gray: In 1984 Johnson said to him that he wanted to be as big a businessman as a basketball player #2012GC

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@ MIGCInd : Arum: Predicts that media rights will become more impt to sports industry in future.#2012GC

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"Everything that will happen in the next five years, will make everything in the past nothing." -Bob Arum

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Currently attending: Inside the Front Office: A Look at the Business of Sports

Speakers: Bob Arum (Founder and Chairman, Top Rank, Inc.), Mark Attanasio (Managing Partner, Crescent Capital Group; Chairman and Principal Owner, Milwaukee Brewers Baseball Club), Lewis Katz (Co-Managing Partner, Philadelphia Media Network; former Owner, New Jersey Nets and New Jersey Devils), Timothy Leiweke (President and CEO, AEG), Moderator: Jim Gray (Sportscaster, Showtime, Sacramento Kings and Westwood One Radio)

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"He sends his apologies," announced Jim Gray.

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"Chefs are modern-day rockstars." -Michael Cardenas

Michael Cardenas and Elizabeth Blau

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Cardenas says pop-up chefs break ovens. Citrin responds, "but not Ludo."

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Michael Cardenas calls pop-ups "opportunists" and food trucks "scavengers"

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Josiah Citrin calls Ludo Lefebvre the "Pop-Up King."

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"I have a big problem with the trucks," says Josiah Citrin. (He likes Kogi though!)

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@ MIGCInd2 : Cardenas: Social media has become a huge part of dining experience! Facebook, Twitter, Yelp #2012GC

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The Dodger sale is final and Magic Johnson ditches out on the Milken Conference.

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"Everything we eat in our food chain eats more than it would in the wild." -Josiah Citrin

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Josiah Citrin of Melisse opens up the foie gras debate by saying, "Are we going to gave less great restaurants? No."

Yet, to him it is about freedom. "This is just the tip of the iceberg," he says. "There was no money in foie gras," so it was an easy target.

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