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Entitlement Spending: Expenses Up 169%
document IMAGES-006-HOUSE_OVERSIGHT_020879.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Entitlement Spending: Expenses Up 169% Over Past 15 Years, While Dedicated Funding Up Only 70%** F1995 F2000 F2005 F2006 F2007 F2008 F2009 F2010 Entitlement Revenue ($B) $484 $653 $794 $838 $870 $900 $891 $865 Y/Y Growth - 7% 8% 6% 4% 4% -1% -3% Social Security $351 $481 $577 $...

Price objective basis & risk
document IMAGES-003-HOUSE_OVERSIGHT_014939.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Price objective basis & risk Alphabet (GOOGL / GOOG) Our price objective is $1025/$1025, representing 17x our core 2018 Google non-GAAP EPS estimate (excluding non-Google losses), plus $118/share in cash, or 21x core Google GAAP EPS plus cash. Alphabet has traded at 12-24x forw...

CAPITAL Cannabis Investment Report | December 2017
document IMAGES-008-HOUSE_OVERSIGHT_024718.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…for example, at least one medical cannabis business is reported to have successfully concluded a receivership process. Internal Revenue Code The Internal Revenue Code (IRC) defines gross income to include “all income from whatever source derived”; this definition has been inter...

Business Expansion Portfolio and Prospectus
document IMAGES-010-HOUSE_OVERSIGHT_029487.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Business Expansion Portfolio and Prospectus Twin City Care of The Virgin Islands 12 Competition Presently, there is no competition for Twin City. All non-emergency ambulance and non-medial stretchers are regulated through the Virgin Islands Department of Health and Wheel Coach...

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

…y is later found necessary or desirable." United States v. Com. Bank of N. Am., 31 F. R.D. 133, 135 ( S. D.N.Y. 1962) ( internal quotation marks omitted). 3 GIUFFRE002846 Case 1:15-cv-07433-RWS Document 539-5 Filed 01/06/17 Page 5 of 11 Case 9: 05- cv- 60736- SCAM Document 324 En...

From: Jeffrey Epstein [[email protected]]
email TEXT-001-HOUSE_OVERSIGHT_028648.txt Feb 14, 2013 House Oversight Committee — Epstein Estate Records (Nov 2025)

…through on such threats. Although specific public redlines are often unpalatable, the Obama administration must clarify internally when it would take military steps, and these intentions must be made clear to the Iranians. In the same vein, the military option requires a credible...

From: Jeffrey Epstein [[email protected]]
email TEXT-001-HOUSE_OVERSIGHT_018197.txt Feb 14, 2013 House Oversight Committee — Epstein Estate Records (Nov 2025)

…through on such threats. Although specific public redlines are often unpalatable, the Obama administration must clarify internally when it would take military steps, and these intentions must be made clear to the Iranians. In the same vein, the military option requires a credible...

Jeffrey Epstein [[email protected]]
email TEXT-001-HOUSE_OVERSIGHT_028675.txt Feb 13, 2013 House Oversight Committee — Epstein Estate Records (Nov 2025)

… separate Hezbollah's overt activities from its covert behavior. "Little is known about [the Hezbollah military wing's] internal command hierarchy," a Western government report noted in 2012, "due to its highly secretive nature and use of sophisticated protective measures." The s...

Alphabet (Buy, $1,025 PO)
document IMAGES-003-HOUSE_OVERSIGHT_014897.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Alphabet (Buy, $1,025 PO) Stock view: Expect solid 1Q revs., but loss of non-GAAP reconciliation a concern New concerns have been raised on the YouTube advertiser pullback, but with the cuts in spending surfacing primarily in the back half of March, we anticipate only modest imp...

11.3. School Partnerships Unit (3% of Pro Forma FYE December 31, 2005 Revenue)
document IMAGES-008-HOUSE_OVERSIGHT_024517.txt Dec 31, 2005 House Oversight Committee — Epstein Estate Records (Nov 2025)

11.3. School Partnerships Unit (3% of Pro Forma FYE December 31, 2005 Revenue) Through the School Partnerships Unit, KLC OpCo provides customized before and after school educational enrichment and recreational programs for school age and preschool children in partnership with el...

School Partnerships
document IMAGES-008-HOUSE_OVERSIGHT_024528.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

School Partnerships School Partnerships is projected to grow from $48.5 million in pro forma revenues in 2005 to $138.14 million in 2011. As a percentage of revenue, School Partnerships accounts for 3.3% of total pro forma revenue in 2005, and is projected to grow to 6.0% in 201...

My purpose in this analysis of the firm has been to derive equations valid for any
document IMAGES-001-HOUSE_OVERSIGHT_011043.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…cash flow can be the same. But the complexity and versatility of the firm itself, and the person-likeness added by its internal management, make it a useful model for any and all capital of either factor. Not that I claim to follow accounting tradition closely, or even to unders...

higher-than-expected International investments. The biggest downside risk is lower
document IMAGES-003-HOUSE_OVERSIGHT_014942.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

higher-than-expected International investments. The biggest downside risk is lower revenue if Tinder experiences a decline in popularity or public perception. Netflix, Inc. (NFLX) Our $154 price objective is based on a peak penetration sum-of-the-parts analysis which discounts...

November 2018 gathering in Beijing was cancelled by Beijing and forced to move to
document IMAGES-006-HOUSE_OVERSIGHT_020553.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… Beinecke, which launched her on a career as an English-teaching TV personality on mainland China itself. VOA officials internally praised these programs as both “non- political and non-sensitive,” a current senior VOA staff member noted. What’s more, VOA officials sought to scal...

12, headquartered in McLean, Virginia, is a curriculum company and management company for
document IMAGES-008-HOUSE_OVERSIGHT_024539.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

13. 12 INC. (“412”) 12, headquartered in McLean, Virginia, is a curriculum company and management company for kindergarten through ninth grade (grades 10-12 currently in development). «712 is the largest operator of K-12 virtual schools in the world, &12’s mission is to enable d...