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This observation helps clarify my hypothesis that job learning costs no time that
document IMAGES-001-HOUSE_OVERSIGHT_011029.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… Evidence that hourly if not yearly pay rises until retirement, or very near, would refute Ben-Porath’s claim if human capital ended at retirement. But it continues through retirement because imputed pay does. Mill and a few economists before him acknowledged “productive” and...

Financial Services
document IMAGES-006-HOUSE_OVERSIGHT_022394.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…inates key appointees for the regulatory agencies. Hensarling agrees with Senators Crapo and Brown on the importance of capital for big banks, but he wantsto reward banks with relief from much of Dodd-Frank’s supervisory regime if they agree to a higher leverage ratio. Hensarling...

4 Wednesday, September 28, 2016
document TEXT-001-HOUSE_OVERSIGHT_023571.txt Sep 28, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…l organizationcanaffordtocoversuch a huge margin. I believe we especially need to mobilize the participation of private capital in connectivity, and we should make full use of public­private partnerships,” Huang told representatives from more than 20 Asia­Pacific countries and re...

New Leaf team five years ago and has made significant contributions to the NLV-II portfolio
document IMAGES-007-HOUSE_OVERSIGHT_024013.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ortfolio. The New Leaf team is distinctive in that its members have played a leadership role in the healthcare venture capital industry over the last two decades. During this time, the Fund Managers have demonstrated the ability to source high quality investments at all stages,...

effective rate greater than 90% of the maximum U.S. corporate income tax rate is not taxable to a
document IMAGES-007-HOUSE_OVERSIGHT_024089.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…’s U.S. federal income tax liability. Similarly, each U.S. Partner’s share of any foreign taxes which may be imposed on capital gains or other income realized by the Fund generally should be treated as creditable foreign income taxes. Capital gains realized by the Fund, however,...

attractive valuations of EU banks vs. US peers (EU banks on 12.0x 2017E P/E vs. US Banks on ~14x and
document IMAGES-003-HOUSE_OVERSIGHT_014862.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… performer in the SX7E YTD due to French election overhang. ° Yet reported a strong set of Q4 results, beating on P&L, capital and dividend which comforts our view that the stock is set for re-rating. ° Continues to tick a number of boxes offering a dividend yield of 5.1% in 20...

CAPITAL CHAPTER VI U.S. and International Cannabis Market Estimates
document IMAGES-008-HOUSE_OVERSIGHT_024751.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

ACKRELL CAPITAL CHAPTER VI U.S. and International Cannabis Market Estimates illustrate the impact of varying these factors with the following sensitivity analysis, which shows the estimated market size at maturity using a range of penetration rates and monthly spending weighted...

First Bancorp Puerto Rico (FBP)
document IMAGES-002-HOUSE_OVERSIGHT_014382.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…stent with a 5% ROE. We assign a 10x multiple to our 2017E EPS, in line with peers. Our DCF assumes a two-stage cost of capital of 10% and a terminal growth rate of 3%. Downside risks to our price objective are a worse-than-expected restructuring of PR government debt, deteriora...

Cc CHAPTER IX Cannabis Industry Risk Factors
document IMAGES-008-HOUSE_OVERSIGHT_024803.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…censes, permits and approvals or may be able to do so only at significant expense. * Cannabis companies’ access to the capital required to grow and to finance ongoing operations involves challenges particular to the industry's uncertain and rapidly evolving legal landscape. Many...

employers’ expense is part of investment in human capital, and reasoned that
document IMAGES-001-HOUSE_OVERSIGHT_010955.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

employers’ expense is part of investment in human capital, and reasoned that employers won't pay it unless they expect eventual recovery with interest. What Becker stopped short of saying is that the same is true of any investment in anything by anyone. When we invest for our o...

I believe that the case for this rule is very strong. The deadweight loss rule and the
document IMAGES-001-HOUSE_OVERSIGHT_011054.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ies that led me finally to rule them out by adjusting the axioms. The life cycle model should also specify that human capital continues after retirement. | admit that this rules out the simplicities assumed in the boss/secretary parable. It continues because we earn imputed pay...

ASW Travel Deals: London, NYC, Miami, Maui, Racing in Baja, Hiking Moab and More
email TEXT-002-HOUSE_OVERSIGHT_032125.txt Jul 27, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

…o River form the backdrop for Austin-Lehman's six-day exploration of the Utah desert in and around its fabled adventure capital, Moab. Guests hop on bicycles, bound down the river in rafts, clamber into 4x4s, and, of course, hike into some of the most jaw-dropping geology on the...

Describe WE Talks, and why you believe it's different from other "empowerment series."
document TEXT-001-HOUSE_OVERSIGHT_022267.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…are of female Fortune 500 CEOs has dropped by 25% in 2018 to 5%. Female founders receive only 2% percent of the venture capital. Nevertheless, female-founded startups generate more revenue and do it with less funding. I think networking a paramount to business and personal succe...