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changes in results. The Nobel Prize winning solid-state physicist, Phillip Anderson
document IMAGES-002-HOUSE_OVERSIGHT_013558.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

changes in results. The Nobel Prize winning solid-state physicist, Phillip Anderson, in a short but memorable piece in Science in the 1970’s said it tersely, “More is different.” This general, qualitative mathematical theory of discontinuous change models nicely the sudden delive...

Maldives just got elected Vice President of International Renewable Energy Agency. We are also Vice
document IMAGES-010-HOUSE_OVERSIGHT_029531.txt Jan 17, 2013 House Oversight Committee — Epstein Estate Records (Nov 2025)

Maldives just got elected Vice President of International Renewable Energy Agency. We are also Vice Chair of the UN Human Rights Council. Not too bad considering we had so much bad coverage this year internationally. Best regards, Waheed Sent from President's iPad On Jan 17,...

Citigroup Inc. (C)
document IMAGES-002-HOUSE_OVERSIGHT_014380.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Citigroup Inc. (C) We use a three-factor valuation framework (P/E, P/TBV, DCF} to arrive at our $60 PO, assigning a 0.9x multiple to 2017E TBV and 11x multiple on '17E blended NA and EM earnings. We have weighted the P/E and P/TBV factors equally at 40%, and our DCF analysis by...

Preference: neutral
document IMAGES-008-HOUSE_OVERSIGHT_025263.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

UK equities Preference: neutral FTSE 100 (24 Oct): 5,805 (last publication: 5,768) UBS View FTSE 100 (6-month target): 5,850 ¢ We keep our neutral stance on UK equities. Earnings have continued to disappoint, showing one of the weakest dynamics within our market universe. Commo...

Headline Journalist Outlet Full Text
document IMAGES-010-HOUSE_OVERSIGHT_028622.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Headline Journalist Outlet Full Text Energy Nuclear Operator Raises Alarm on Crisis Hiroko Tabuchi New York Times Article text The New Nuclear Craze Mark Bittman New York Times Article text Pipeline-Capacity Squeeze Reroutes Crude Oil Russell Gold Wall Street Journal Article text...

Article 1. Scientific American
document TEXT-001-HOUSE_OVERSIGHT_024592.txt Aug 23, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

 25 August, 2011 Article 1. Scientific American Is Muammar Qadhafi Clinically Psychotic? John Matson Article 2. The Financial Times Why Libya sceptics were proved badly wrong Anne-Marie Slaughter Article 3. Foreign Policy Sinai’s Bedouin run amok in post-Mubarak Egypt Mohamed...

even if the result is similar: Mass gatherings, control of some essential public space
document IMAGES-004-HOUSE_OVERSIGHT_018294.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

even if the result is similar: Mass gatherings, control of some essential public space - a square, a stock exchange, a park. All organized, it appears, using completely ethereal techniques: Text messages, video postings, chat rooms. Similar movements appear around in the world. I...

Chief Deputy Whip Diana DeGette is serving her 8th term in
document TEXT-001-HOUSE_OVERSIGHT_031184.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Chief Deputy Whip Diana DeGette is serving her 8th term in Congress as the Representative of the First District in Colorado. Diana has established herself as a leader for progressive change on LGBT rights, health care, reproductive rights, food safety, consumer protection and th...

Exhibit 91: EM Local Debt Currencies and
document IMAGES-003-HOUSE_OVERSIGHT_014606.txt Dec 31, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…04 0.4 06 0.2 08 0.0 10 Jan-16 Apr-16 Jul-16 Oct-16 Data through December 31, 2016. Source: Investment Strategy Group, Bloomberg, Datastream. Exhibit 92: S&P Goldman Sachs Commodity Total Return Index Commodities generated their first double-digit return since 2009. Annual R...

Key financial market driver 3 - China growth outlook
document IMAGES-007-HOUSE_OVERSIGHT_024145.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… un-03 un-04 un-05 un-06 un-O7 un-08 un-09 un-10 un-11 un-12 === |-year lending rate ——= 1-year deposit rate Source: Bloomberg, UBS CIO, as of 18 Jun 2012 Pick-up in infrastructure investment armima oe, Ho, 1 3 A ie li Year-on-ye ar i HM ¥ Source: Bloomberg, UBS CIO, a...

Chart 3: EM debt and equity have been hit Chart 4: While Banks versus Staples has gone ballistic
document IMAGES-002-HOUSE_OVERSIGHT_014436.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…27 650 0.25 Oo Oo Wo Oo Oo Ob Oo 0 0 Oo 0 Oo 8 po WwW WOW © © © © © © © © © © SSReRPERELZERS SSR SR ER SESE ES Source: Bloomberg Source: Bloomberg The moves since Nov 8" have certainly been violent in certain asset classes. USD/JPY stands out, but the sell-off in US treasuries...

Chart 80: Stocks mostly trade above ex-pipeline value
document IMAGES-003-HOUSE_OVERSIGHT_014494.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…es sector are attractive relative to history and compared to other Defensives. EV/EBITDA for the sector sits at 7.3x on Bloomberg estimates. That is a 20% discount to the market and is near 10-year lows on a relative basis. With dividends more secure the relative DY becomes more...

Richard Kahn
email TEXT-002-HOUSE_OVERSIGHT_032301.txt Oct 1, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…6:19 AM Jeffrey Epstein [[email protected]] This Chart Predicts Trump Will Win, Unless the S&P Rallies in October - Bloomberg Importance: High http://www.bloomberg.com/news/articles/2016-09-30/this-chart-predicts-trump-will-win-unless-the-s-p- rallies-in-october Richard Kahn...