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Drive Growth: Infrastructure
document IMAGES-006-HOUSE_OVERSIGHT_021028.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Drive Growth: Infrastructure Better Infrastructure Reduces Transportation Costs For Input and Output Materials KP www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 373 Public Investment in Infrastructure Has Helped Drive GDP Growth USA Real GDP and Public Inves...

Global economic outlook - Summary
document IMAGES-007-HOUSE_OVERSIGHT_024142.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Global economic outlook - Summary Key questions e Can emerging markets (EM) continue to offset developed market (DM) weakness to buoy global growth? e What are the risks of near-term faltering of the US economic recovery? e When is the European economy likely to return to sus...

Drilldown on USA Inc. Financials
document IMAGES-006-HOUSE_OVERSIGHT_021062.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

...Drilldown on USA Inc. Financials e If entitlement programs are not reformed, USA Inc.’s balance sheet will go from bad to worse - Public debt has doubled over the last 30 years, to 62% of GDP. This ratio is expected to surpass the 90% threshold* — above which real GDP growth...

The Fund Managers believe a number of macro market factors have aligned to create attractive
document IMAGES-007-HOUSE_OVERSIGHT_024035.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

IV. OPPORTUNITY IN THE HEALTHCARE SECTOR The Fund Managers believe a number of macro market factors have aligned to create attractive and lasting conditions for NLV-III’s targeted investment strategy in healthcare technology. Each of these market factors individually would have...

Asian equities (ex-Japan)
document IMAGES-007-HOUSE_OVERSIGHT_024155.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Asian equities (ex-Japan) MSCI Asia ex-Japan (27 June): 469 (last month: 466) UBS View MSCI Asia ex-Japan (6-month target): 515 ¢ The region continued to show high volatility last month, with its P/BV temporarily close to 2008 lows. ¢ Hong Kong and Singapore markets’ domestic fu...

Edward West had written in 1815 that in economies already developed, there isn’t
document IMAGES-001-HOUSE_OVERSIGHT_011000.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Edward West had written in 1815 that in economies already developed, there isn’t much room for more capital of the same kind. Its productivity disappears in capital glut and diminishing returns. There could still be growth when some of the new ideas would need only redeployment o...

Exhibit 12: US Labor Productivity Growth
document IMAGES-003-HOUSE_OVERSIGHT_014547.txt Jun 22, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

Exhibit 12: US Labor Productivity Growth Periods of slow productivity growth have been followed by periods of stronger productivity gains. Average Annual Growth Rate (%) 40 3.5 2 2 1889-1917 1917-1927 1927-1940 1940-1948 1948-1973 1973-1995 1995-2004 2004-2015 Data through...

Expedia (Buy, $146 PO)
document IMAGES-003-HOUSE_OVERSIGHT_014905.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Expedia (Buy, $146 PO) Stock view: 1Q faces tough comps, but should clear way for strength into ‘18 We think 1Q expectations are somewhat muted as Expedia has highlighted several earnings headwinds in early 2017, including incremental cloud migration spend, higher marketing spe...

Cullen/Frost Bankers Inc (CFR)
document IMAGES-002-HOUSE_OVERSIGHT_014381.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Cullen/Frost Bankers Inc (CFR) To arrive at our $74 price objective, we employed a three-factor valuation methodology that incorporates target P/E, target P/TBV and a DCF model. For our P/E valuation, we apply a 15x earnings multiple on CFR's 2017E core earnings. For our P/TBV v...

Drilldown on USA Inc. Financials
document IMAGES-006-HOUSE_OVERSIGHT_020850.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

...Drilldown on USA Inc. Financials e If entitlement programs are not reformed, USA Inc.’s balance sheet will go from bad to worse - Public debt has doubled over the last 30 years, to 62% of GDP. This ratio is expected to surpass the 90% threshold* — above which real GDP growth...

Ghislaine Maxwell
email TEXT-001-HOUSE_OVERSIGHT_014652.txt Mar 2, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

........................................... Case 1:15-cv-07433-RWS Document 539 Filed 01/06/17 Page 1 of 7 -------------------------------------------------X UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK VIRGINIA L. GIUFFRE, v. Plaintiff, 15-cv-07433-RWS GHISLAINE M...

Latin American Landscape
document IMAGES-008-HOUSE_OVERSIGHT_024900.txt Feb 25, 2019 House Oversight Committee — Epstein Estate Records (Nov 2025)

…vate and process medical cannabis products. Two Tilray products, T100 and TC100 were approved for prescription in 2016. Canopy Growth’s Spectrum Cannabis Chile is also operating in Santiago focused on medical research and patient outreach. Hemp production has been part of Chile’...

Global Financial Data reports annual rate of return, growth rate in market cap, and
document IMAGES-001-HOUSE_OVERSIGHT_011013.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Global Financial Data reports annual rate of return, growth rate in market cap, and “imputed dividend rate” as the difference. Dividend rate itself is reported as something a little different. | made no attempt to get to the bottom of this distinction, just as | made none to allo...