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i USA Inc. | Introduction 13
document IMAGES-006-HOUSE_OVERSIGHT_020848.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Summary KP i USA Inc. | Introduction 13 Highlights from F2010 USA Inc. Financials e Summary — USA Inc. has challenges. e Cash Flow — While recession depressed F2008-F2010 results, cash flow has been negative for 9 consecutive years ($4.8 trillion, cumulative), with no end to...

How Did USA Inc.'s Financial Reality
document IMAGES-006-HOUSE_OVERSIGHT_020860.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

How Did USA Inc.'s Financial Reality Get to this Difficult Point? USA Inc. Has Not Adequately Funded Its Entitlement Programs Recessions come and go (and affect USA’s revenue), but future claims (related to entitlement program commitments) on USA Inc. now meaningfully exceed i...

www.kpcb.com USA Inc.| Summary 437
document IMAGES-006-HOUSE_OVERSIGHT_021060.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

www.kpcb.com USA Inc.| Summary 437 Highlights from F2010 USA Inc. Financials Summary — USA Inc. has challenges. Cash Flow — While recession depressed F2008-F2010 results, cash flow has been negative for 9 consecutive years ($4.8 trillion, cumulative), with no end to losses in...

Consequences of Inaction — Investor Perspective
document IMAGES-006-HOUSE_OVERSIGHT_021049.txt Jul 2, 2009 House Oversight Committee — Epstein Estate Records (Nov 2025)

Consequences of Inaction — Investor Perspective e Short Term, No Problem Yet Global bond investors, in part, have looked past USA Inc.’s deteriorating financials because growth, inflation, and Fed purchases matter more, and because income statements and balance sheets of many o...

Thank you for reviewing this publication
document IMAGES-003-HOUSE_OVERSIGHT_014617.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Thank you for reviewing this publication which is intended to discuss general market activity, industry or sector trends, or other broad-based economic, market or political conditions. It should not be construed as research. Any reference to a specific company or security is for...

Improving operating efficiency
document IMAGES-006-HOUSE_OVERSIGHT_020839.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Improving operating efficiency. With nearly one government civilian worker (federal, state and local) for every six households, efficiency gains seem possible. A 20-year trend line of declining federal civilian headcount was reversed in the late 1990s. Resuming that trend would...

Chander Prakash Gurnani
document IMAGES-004-HOUSE_OVERSIGHT_017078.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…rary Lucerne Festival BayernLB National Bank of Kuwait Al Arabiya Canica AS SAS Institute Inc. WorldofGood.com by eBay Inc. International Bank of Azerbaijan Leiden University Unlimited Communications Gartner Inc. University of Southampton The Dow Chemical Company Apax...

1. Market Selection
document IMAGES-002-HOUSE_OVERSIGHT_013913.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…-service questions than someone with a lower-priced product of $50—200. 3. Micro-Testing He auctioned the products on eBay to test demand (and the highest possible pricing) before purchasing inventory. He ordered product only when people placed orders from him, and product ship...

Company referenced Ticker Price
document IMAGES-003-HOUSE_OVERSIGHT_014938.txt Apr 5, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…icker Price Alphabet A GOOGL 848.91 Alphabet C GOOG 831.41 Amazon.com AMZN 909.28 Bankrate RATE 975 Care.com CRCM 11.68 eBay EBAY 33.81 Expedia EXPE 124.97 Facebook FB 141.85 Fitbit FIT 571 GrubHub GRUB 33.27 LendingTree TREE 117.8 Match Group MTCH 16.45 Netflix nflx 143.62 ONDK...

USA Inc. “Business Lines” Have Expanded
document IMAGES-006-HOUSE_OVERSIGHT_020861.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

USA Inc. “Business Lines” Have Expanded From Defense to Insurance & Other Areas USA Inc. Major ‘Business Line’ Spending as % of GDP, F1800 vs. F1900 vs. F2000 F1800 F1900 F2000 2.2% 2.5% 18.2% Defense Other 3.0% 0.3% Defense 1.3% Note: Fiscal year 1800/1900 ended in June....

Available Third Party Reports and Documentation
document IMAGES-005-HOUSE_OVERSIGHT_018766.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Available Third Party Reports and Documentation The following summarizes available third party reports that are posted within the online due diligence site: ALTA Survey Wallace Morris Surveying, dated May 2013 Title Report by First American, dated July 2015 Tax bills 2014 — 2...

Attachments
email TEXT-001-HOUSE_OVERSIGHT_029344.txt Dec 27, 2013 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: Sent: To: Subject: Attachments: Halperin, Alan S 7/2/2014 10:51:32 AM jeffrey E. [[email protected]] Post-Death Actions of Foundation Affecting Estate Tax Value image001.png; image002.png; image003.png; image004.png; image005.png I thought of you when I read this articl...