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YoY and card penetration reaching 20%. Importantly, management is utilizing online
document IMAGES-002-HOUSE_OVERSIGHT_014339.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…wth in auto, though its exclusive lending to the prime space limits the credit downside. Chart 38: How do you view the impact of new online lending startups on the banking industry? 60% 54% 50% 40% 30% 20% 10% 0% A revenue growth opportunity Potential disruptors that will Onl...

firms can be naturally slowed by internal directives. Bad outflow such falling CNY
document IMAGES-003-HOUSE_OVERSIGHT_014764.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…risk to the central bank. Regressions and scenario implications for EM FX We used a simple regression to quantify the impact of the RMB depreciation on key EM FX: BRL, RUB, INR, TRY, and ZAR'. We analyzed two cases: 1) Base case —- USD/CNY rises to 7.25 and market volatility, w...

Economic Research: How Increasing Income Inequality Is Dampening U.S. Economic Growth, And Possible
document IMAGES-008-HOUSE_OVERSIGHT_025768.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…tion--may also dampen wages of domestic workers. However, research on the trade effect has been inconclusive, while the impact from increased immigration on domestic wages has been modest (see "Adding Skilled Labor To America's Melting Pot Would Heat Up U.S. Economic Growth," pub...

by remaining overweight US corporate high yield
document IMAGES-003-HOUSE_OVERSIGHT_014599.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…eighth year of the US expansion, labor slack has been largely absorbed, evident in today’s firming wages. Moreover, the impact of the dollar is diminishing as its pace of ascent slows, while the recovery in oil is boosting breakeven inflation rates. Other headwinds are also rece...

2007 Utah L. Rev. 861, *932
document IMAGES-004-HOUSE_OVERSIGHT_017686.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ing matters. Many states follow a similar approach and give victims access to presentence reports as part of the victim-impact process. 404 Since I made my proposal, the Ninth Circuit has considered the question of whether to reverse a district court that declined to provide the...

MOOCs, took heart from this
document IMAGES-010-HOUSE_OVERSIGHT_028643.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…en in fact that | have decided to write a short series on the subject. There are many things to say about both the true impact and hype about MOOCs in the larger narrative that’s emerging about disruption in education. But from where | sit, what’s most important to note about MOO...

On Fri, Feb 10, 2017 at 7:59 AM, Etienne Binant <i wrote
document IMAGES-011-HOUSE_OVERSIGHT_032468.txt Feb 10, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…nd many of them are already friendly (Arianna, Cali have had dinner or stayed home). The idea is absolutely to have an impact on the ecosystem and to make a difference by supporting great artists when they need it. Galleries references are important, because galleries allow art...

Overweight US Energy Infrastructure Master
document IMAGES-003-HOUSE_OVERSIGHT_014558.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ourse, our views are not without risks. As we discuss below, some are low-probability risks with the potential for high impact while others are high-probability risks with low impact potential. The Risks to Our Outlook When we think about the risks to our economic and financial...

Exhibit 25: Conference Board Consumer
document IMAGES-003-HOUSE_OVERSIGHT_014564.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…t Strategy Group 31 The risks of cyberattacks continue to increase. To date, the attacks have had limited detrimental impact on the broad US economy, but the impact could be far-reaching if foreign governments such as Russia or China, criminal entities, or lone actors attack cr...

Eye on the Market | October 22, 2012 J.P Morgan
document IMAGES-007-HOUSE_OVERSIGHT_024196.txt Oct 22, 2012 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ord, up from 8.5 years in 1995. While some of this increase reflects cars with improved lifespans, it also reflects the impact of the recession and pent-up demand to replace older cars. Asa ” ove 4983 1988 1993 1998 2003 2008 2013 2018 2023 result, our estimate of 1.5 mm bpd in o...

A further parallel between chimpanzees and small scale human societies comes from analyses of
document IMAGES-002-HOUSE_OVERSIGHT_012789.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…to particular social or ecological problems. If those problems or pressures change, the original adaptation may have no impact on survival or a negative impact. A hiatus in the archaeological record — assuming this is the last word — is interesting with respect to the conditions...

general domain of sociality and social
document IMAGES-006-HOUSE_OVERSIGHT_021302.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ir existence or number. And again, beliefs about social relationships also have real consequences. Conclusion Beliefs impact thoughts and actions. This may be reflected in phenomena as diverse as biasing a behavioral disposition (such as slapping a donkey), coloring our percept...

Morgan Stanley | RESEARCH
document IMAGES-008-HOUSE_OVERSIGHT_025554.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ing a C-corp conversion scorecard with qualitative pros/cons for each company. We also evaluate the potential valuation impact if Alts convert, and we take a deep dive into how the market might value two earnings components ina C-corp structure: )) sticky, recur- ring management...

Rationalization of subsidies for water and electricity
document IMAGES-003-HOUSE_OVERSIGHT_016170.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…s, introduction of new fees, application of a VAT and introduction of excise taxes on tobacco and soft drinks will also impact the Saudi consumer. Subsidy cuts on energy and utilities to add up to 1.5ppt to CPI inflation only We estimate the December natural gas price hike on p...

Eye on the Market | October 22, 2012 J.P Morgan
document IMAGES-007-HOUSE_OVERSIGHT_024197.txt Oct 22, 2012 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ope and its manufacturing to GDP ratio is high, so the consequences may be substantial. To get a sense of the potential impact, start with the first chart on Germany’s current generating capacity and output by source. While wind and solar installations have increased in recent ye...